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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 8, 2009 (April 21, 2009)
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NATIONAL LAMPOON, INC.
(Exact name of registrant as specified in Charter)
Delaware 0-15284 95-4053296
(State or other jurisdiction of (Commission File No.) (IRS Employee
incorporation or organization) Identification No.)
8228 Sunset Boulevard, Third Floor
Los Angeles, California 90046
(Address of Principal Executive Offices)
310-474-5252
(Issuer Telephone number)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2 below).
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)).
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13(e)-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
The following discussion provides only a brief description of the document
described below. The agreement is attached to this Current Report as an exhibit.
The discussion below is qualified in its entirety by the full text of the
agreement.
On April 21, 2009 (the "Effective Date") we signed a License Agreement for
Internet Transmission (the "Agreement") with Netflix, Inc. Pursuant to the
Agreement, we have granted to Netflix a non-exclusive right and license to
exhibit and distribute an unlimited quantity of our films within the United
States and all of its territories, possessions, commonwealths and protectorates
by way of Internet transmission via the Netflix service to Netflix-enabled
devices including, but not limited to, desktop or laptop computers,
Internet-enabled television sets, game consoles and portable devices. The
license term began on the Effective Date and will continue until the expiration
date of the last to expire Title License Period. The "Title License Period" is
defined for each title licensed as the period beginning on the date that such
title may first be made available for exhibition in accordance with the
Agreement until the title is last made available for exhibition in accordance
with the Agreement. Thus far we have licensed 14 titles in accordance with the
Agreement, from which we expect to receive approximately $500,000 in license
fees.
Item 9.01 Financial Statements and Exhibits
Exhibit 10 License Agreement for Internet Transmission dated
April 21, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: May 8, 2009
NATIONAL LAMPOON, INC.
By: /s/ Timothy S. Durham
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Timothy S. Durham
Interim Chief Executive Officer