Rock legend Tom Petty was proclaimed dead at 8:40 PM PT on Monday after suffering a heart attack Sunday night.

Tony Dimitriades, longtime manager of Tom Petty and the Heartbreakers released a statement on behalf of the family confirming his passing and revealing that he died peacefully surrounded by family, friends and bandmates.

Petty was found unconscious Sunday night and taken to UCLA Santa Monica hospital. TMZ reported the 66-year-old singer was revived by EMT's on the scene.

Once at the hospital, doctors were unable to detect any brain activity and it was decided that he should be taken off life support, according to LA Weekly.  He was taken off life support early on Monday, but held on later that night.

Petty, along with his band the Heartbreakers, just competed three shows at the Hollywood Bowl the end of September.

The Gainsville, Florida band, Tom Petty and the Heartbreakers, debut their first album Nov. 9, 1976.

The group, who joined Bob Seger and Bruce Springsteen at the forefront of the heartland rock movement is known for hit singles such as "American Girl", "Breakdown", "The Waiting", "Learning to Fly", "Refugee" and "Mary Jane's Last Dance".

Petty released three studio albums outside of the work he did with the Heartbreakers, including his critically acclaimed debut album, Full Moon Fever.