SEC Filings

Form S-1/A
FRIENDFINDER NETWORKS INC. filed this Form S-1/A on 05/18/2009
Document Outline
Entire Document (4173.1 KB)
Subdocument 1 - S-1/A - FORM S-3 AMENDMENT 3
Page 1 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Page 2 - SUBJECT TO COMPLETION, DATED MAY 18, 2009
Page 3 - TABLE OF CONTENTS
Page 4 - PROSPECTUS SUMMARY
Page 5 - N/A
Page 6 - Our Competitive Strengths
Page 7 - THE OFFERING
Page 8 - N/A
Page 9 - Summary Consolidated Financial Information and Other Financial Data
Page 10 - N/A
Page 11 - N/A
Page 12 - Non-GAAP Financial Results
Page 13 - Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
Page 14 - RISK FACTORS
Page 15 - We have never generated significant revenue from internet advertising and may not be able to in the
Page 16 - Our business depends on strong brands, and if we are not able to maintain and enhance our brands, ou
Page 17 - Registrants are able to opt-out of receiving certain communications from us thereby limiting the pot
Page 18 - Our ability to keep pace with technological developments is uncertain.
Page 19 - We have breached certain non-monetary covenants contained in agreements governing our 2006 Notes and
Page 20 - If any of our relationships with internet search websites terminate, if such websites methodologies
Page 21 - Our business, financial condition and results of operations could be adversely affected if we fail t
Page 22 - We may not be able to protect and enforce our intellectual property rights.
Page 23 - We may have difficulty scaling and adapting our existing network infrastructure to accommodate incre
Page 24 - Our internet operations are subject to system failures and interruptions that could hurt our ability
Page 25 - We could be held liable for any physical and emotional harm caused by our members and subscribers to
Page 26 - Our websites may be misused by users, despite the safeguards we have in place to protect against suc
Page 27 - Our liability to tax authorities in the European Union for the failure of Various and its subsidiari
Page 28 - Unforeseen liabilities arising from our acquisition of Various could materially adversely affect our
Page 29 - Our efforts to capitalize upon opportunities to expand into new markets may fail and could result in
Page 30 - Any remaining indebtedness after this offering could make obtaining additional capital resources dif
Page 31 - The net proceeds of this offering are expected to be used to repay our noteholders, including certai
Page 32 - We rely on highly skilled personnel and, if we are unable to attract, retain or motivate key personn
Page 33 - Our limited operating history and relatively new business model in an emerging and rapidly evolving
Page 34 - If you purchase shares of our common stock in this offering, you will suffer immediate and substanti
Page 35 - Public interest group actions targeted at our stockholders may cause the prevailing market price of
Page 36 - We do not expect to pay any dividends for the foreseeable future. Investors in this offering may nev
Page 37 - N/A
Page 38 - FORWARD-LOOKING STATEMENTS
Page 39 - N/A
Page 40 - MARKET AND INDUSTRY DATA
Page 41 - USE OF PROCEEDS
Page 42 - N/A
Page 43 - N/A
Page 44 - DIVIDEND POLICY
Page 45 - CAPITALIZATION
Page 46 - N/A
Page 47 - DILUTION
Page 48 - N/A
Page 49 - UNAUDITED PRO FORMA FINANCIAL DATA
Page 50 - Notes to the Unaudited Pro Forma Consolidated Statement of Operations
Page 51 - N/A
Page 52 - N/A
Page 53 - SELECTED CONSOLIDATED FINANCIAL DATA
Page 54 - N/A
Page 55 - MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
Page 56 - Our History
Page 57 - Internet Revenue
Page 58 - Cost of Revenue
Page 59 - Depreciation and Amortization
Page 60 - Foreign Exchange Gain/Loss
Page 61 - Legal Contingencies
Page 62 - Segment Information
Page 63 - Results of Operations
Page 64 - FriendFinder Networks Inc. and Subsidiaries
Page 65 - Cost of Revenue.
Page 66 - Product Development.
Page 67 - Interest and Penalties Related to VAT.
Page 68 - Product Development.
Page 69 - Foreign Exchange Gain/(Loss).
Page 70 - Cost of Revenue.
Page 71 - Product Development.
Page 72 - Interest Expense, net of Interest Income.
Page 73 - Product Development.
Page 74 - Foreign Exchange Gain.
Page 75 - General and Administrative.
Page 76 - Net Income.
Page 77 - Average Monthly Net Revenue per Subscriber.
Page 78 - Churn.
Page 79 - Internet Segment Historical Operating Data for the Pro Forma Year Ended December 31, 2007 as Compare
Page 80 - Liquidity and Capital Resources
Page 81 - Financing Activities
Page 82 - 2005 Notes
Page 83 - Subordinated Term Loan Notes
Page 84 - Second Lien Subordinated Secured Notes
Page 85 - Subordinated Convertible Notes
Page 86 - Contractual Obligations
Page 87 - N/A
Page 88 - N/A
Page 89 - N/A
Page 90 - N/A
Page 91 - N/A
Page 92 - Quantitative and Qualitative Disclosures about Market Risk
Page 93 - Recent Accounting Pronouncements
Page 94 - Determining Whether an Instrument (or Embedded Feature) Is Indexed to an Entity s Own Stock,
Page 95 - OUR INDUSTRY
Page 96 - Source: comScore, February 2009
Page 97 - Source: Euromonitor, March 2009
Page 98 - BUSINESS
Page 99 - Our Competitive Strengths
Page 100 - Our Strategy
Page 101 - Our Products and Services
Page 102 - N/A
Page 103 - Website Data
Page 104 - Internet Privacy
Page 105 - Premium Content Websites
Page 106 - Original Video and Pictorial Content
Page 107 - Marketing
Page 108 - Online Advertising
Page 109 - Intellectual Property
Page 110 - Properties
Page 111 - Legal Proceedings
Page 112 - N/A
Page 113 - N/A
Page 114 - MANAGEMENT
Page 115 - The Producers, Hairspray, Jersey Boys,
Page 116 - Barry W. Florescue
Page 117 - Composition of the Board of Directors
Page 118 - Audit Committee
Page 119 - Nominating and Corporate Governance Committee
Page 120 - Compensation Committee
Page 121 - Setting Executive Compensation
Page 122 - Base Salary
Page 123 - N/A
Page 124 - Long-Term Equity Incentive Compensation
Page 125 - Retirement Benefits
Page 126 - Summary Compensation Table
Page 127 - Executive Employment Agreements
Page 128 - Ezra Shashoua.
Page 129 - Potential Payments Upon Termination or Change in Control
Page 130 - Equity Compensation Plan Information Table
Page 131 - DIRECTOR COMPENSATION AS OF DECEMBER 31, 2008
Page 132 - PRINCIPAL STOCKHOLDERS
Page 133 - N/A
Page 134 - N/A
Page 135 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
Page 136 - Security Holders Agreements
Page 137 - Series B Convertible Preferred Stock Offering
Page 138 - Letter Agreement with Sellers of Various
Page 139 - Letter Agreement with Stockholder
Page 140 - Consulting Agreements
Page 141 - DESCRIPTION OF CAPITAL STOCK
Page 142 - Series B Convertible Preferred Stock
Page 143 - Warrants
Page 144 - Registration Rights
Page 145 - Listing
Page 146 - N/A
Page 147 - DESCRIPTION OF INDEBTEDNESS
Page 148 - Subordinated Term Loan Notes
Page 149 - First Lien Senior Secured Notes
Page 150 - Second Lien Subordinated Secured Notes
Page 151 - N/A
Page 152 - Subordinated Convertible Notes
Page 153 - SHARES ELIGIBLE FOR FUTURE SALE
Page 154 - Equity Plans
Page 155 - CERTAIN MATERIAL U.S. TAX CONSIDERATIONS
Page 156 - Gain on Disposition of Common Stock
Page 157 - UNDERWRITING
Page 158 - No Sales of Similar Securities
Page 159 - Determination of Offering Price
Page 160 - United Kingdom
Page 161 - Enforcement of Legal Rights
Page 162 - LEGAL MATTERS
Page 163 - INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page 164 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 165 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 166 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 167 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 168 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 169 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 170 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 171 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 172 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 173 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 174 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 175 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 176 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 177 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 178 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 179 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 180 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 181 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 182 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 183 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 184 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 185 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 186 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 187 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 188 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 189 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 190 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 191 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 192 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 193 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 194 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 195 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 196 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 197 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 198 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 199 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 200 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 201 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.) AND SUBSIDIARIES
Page 202 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 203 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 204 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 205 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 206 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 207 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 208 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 209 - FRIENDFINDER NETWORKS INC. (FORMERLY KNOWN AS PENTHOUSE MEDIA GROUP INC.)
Page 210 - N/A
Page 211 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 212 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 213 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 214 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 215 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 216 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 217 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 218 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 219 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 220 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 221 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 222 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 223 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 224 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 225 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 226 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 227 - VARIOUS, INC. AND SUBSIDIARIES AND AFFILIATES
Page 228 - shares
Page 229 - PART II
Page 230 - Item 15. Recent Sales of Unregistered Securities
Page 231 - Item 16. Exhibits and Financial Statement Schedules.
Page 232 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 233 - FRIENDFINDER NETWORKS INC.
Page 234 - N/A
Page 235 - SIGNATURES
Page 236 - EXHIBIT INDEX
Page 237 - N/A
Page 238 - N/A
Page 239 - N/A
Page 240 - Exhibit Number
Subdocument 2 - EX-3.3 - BYLAWS OF PENTHOUSE MEDIA GROUP INC.
Page 1 - Exhibit 3.3
Page 2 - Section 2.03
Page 3 - Section 2.08
Page 4 - ARTICLE III
Page 5 - Section 3.05
Page 6 - N/A
Page 7 - ARTICLE IV
Page 8 - Section 4.07
Page 9 - Section 5.03
Page 10 - ARTICLE VI
Subdocument 3 - EX-4.1 - SPECIMEN OF COMMON STOCK CERTIFICATE
Page 1 - Exhibit 4.1
Page 2 - The following abbreviations, when used in the inscription on the face of this certificate, shall be
Subdocument 4 - EX-4.8 - FORM OF AMENDED AND RESTATED 2005 AND 2006 DETACHABLE WARRANT FOR THE PURCHASE OF SECURITIES OF PENTHOUSE MEDIA GROUP INC.
Page 1 - Exhibit 4.8
Page 2 - Affiliate
Page 3 - Fair Market Value
Page 4 - Exercise of Warrant.
Page 5 - Transfer
Page 6 - Reclassification
Page 7 - Deemed Issuances
Page 8 - No Impairment
Page 9 - Security Holders Agreement
Page 10 - N/A
Page 11 - EXHIBIT A
Page 12 - EXHIBIT B
Subdocument 5 - EX-4.9 - FORM OF 2005 WARRANT TO PURCHASE SECURITIES OF PENTHOUSE MEDIA GROUP INC. ISSUED TO A PLACEMENT AGENT
Page 1 - Exhibit 4.9
Page 2 - Affiliate
Page 3 - Fair Market Value
Page 4 - Exercise of Warrant.
Page 5 - Transfer
Page 6 - Reclassification
Page 7 - Deemed Issuances
Page 8 - No Impairment
Page 9 - [ Reserved ]
Page 10 - N/A
Page 11 - EXHIBIT A
Page 12 - EXHIBIT B
Subdocument 6 - EX-10.1 - FORM OF INDEMNIFICATION AGREEMENT BETWEEN FRIENDFINDER NETWORKS INC. AND ITS DIRECTORS AND OFFICERS
Page 1 - Exhibit 10.1
Page 2 - Securities Act
Page 3 - Survival
Page 4 - No Presumptions; Burden of Proof
Page 5 - Nonexclusivity
Page 6 - Constituent Entity
Page 7 - Permitted Group
Page 8 - Severability
Page 9 - N/A
Subdocument 7 - EX-31.31 - LIMITED WAIVER DATED DECEMBER 19, 2008, BY AND BETWEEN FRIENDFINDER NETWORKS INC. AND PET CAPITAL PARTNERS LLC, AS AGENT FOR THE HOLDERS OF THE 13% SUBORDINATED TERM LOAN NOTES DUE 2011
Page 1 - Exhibit 10.31
Page 2 - signature page to limited waiver letter agreement
Page 3 - Schedule A: Limited Waivers Granted
Page 4 - Schedule B
Subdocument 8 - EX-10.50 - LEASE DATED APRIL 24, 2009 BY AND BETWEEN NBP PARTNERS I, LLC AND STREAMRAY STUDIOS, INC.
Page 1 - Exhibit 10.50
Page 2 - Association Fees
Page 3 - Condition.
Page 4 - Acknowledgements.
Page 5 - 3.4 Lessee Compliance.
Page 6 - Use.
Page 7 - (b) Duty to Inform Lessor.
Page 8 - (g) Lessor Termination Option.
Page 9 - Maintenance; Repairs, Utility Installations; Trade Fixtures and Alterations.
Page 10 - (d) Replacement.
Page 11 - (c) Liens; Bonds.
Page 12 - Insurance; Indemnity. See Addendum.
Page 13 - (b) Rental Value.
Page 14 - 8.10 See Addendum.
Page 15 - (b) Premises Total Destruction
Page 16 - Total Destruction
Page 17 - Real Property Taxes.
Page 18 - Assignment and Subletting.
Page 19 - Additional Terms and Conditions Applicable to Subletting
Page 20 - Default; Breach; Remedies.
Page 21 - Remedies
Page 22 - Late Charges
Page 23 - (b) Performance by Lessee on Behalf of Lessor
Page 24 - Representations and Indemnities of Broker Relationships.
Page 25 - Time of Essence
Page 26 - Disclosures Regarding The Nature of a Real Estate Agency Relationship.
Page 27 - No Right To Holdover
Page 28 - Self-Executing
Page 29 - Consents
Page 30 - Security Measures
Page 31 - Conflict
Page 32 - 3807-Steamray/Lease v3
Page 33 - RENT ADJUSTMENT(S)
Page 34 - III.
Page 35 - NOTICE
Page 36 - NORTHRIDGE BUSINESS PARK I
Page 37 - Property Insurance
Page 38 - Deposit of Policies.
Page 39 - Exemption of Lessor and Owner from Liability
Page 40 - Subordination
Page 41 - Reservation of Minerals
Page 42 - AIR COMMERCIAL REAL ESTATE ASSOCIATION
Page 43 - If this Form has been filled in, it has been prepared for submission to your attorney for his approv
Subdocument 9 - EX-10.54 - MODIFICATION OF LEASE, DATED MAY 1, 2009, BY AND BETWEEN KNK PROPERTIES, LLC AND STREAMRAY INC.
Page 1 - Exhibit 10.54
Page 2 - Section Five Additional Rent
Subdocument 10 - EX-23.2 - CONSENT OF EISNER LLP
Page 1 - Exhibit 23.2

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