Tom Petty has died after suffering cardiac arrest. He was 66.

The legendary rocker died Monday at 8:40 p.m. after being taken to after being taken to UCLA Medical Center earlier in the day, his manager, Tony Dimitriades, said in a statement.

"On behalf of the Tom Petty family we are devastated to announce the untimely death of our father, husband, brother, leader and friend Tom Petty," the statement read. "He died peacefully surrounded by family, his bandmates and friends."

Earlier in the day, TMZ reported that Petty showed no brain activity upon arrival at the hospital and the decision was made to take him off life support. Initial reports swirled that Petty had died Monday afternoon, with outlets citing the Los Angeles Police Department, but the LAPD soon walked back those claims, writing on Twitter that it had "no information" on Petty and that "initial information was inadvertently provided to some media sources."

Tom Petty and the Heartbreakers just wrapped up their 40th anniversary tour last week at the Hollywood Bowl in Los Angeles. They were scheduled to perform two shows in New York in November.

Petty performed most often as the frontman of Tom Petty and the Heartbreakers, and is one of the top-selling musical artists of all time with more than 80 million records sold. Petty also co-founded the supergroup The Traveling Wilburys with Bob Dylan, Roy Orbison, George Harrison and Jeff Lynne. In 1989, he released his solo debut album Full Moon Fever, which included the hits "Free Fallin'" and "I Won't Back Down."

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Some of Petty's most notable work include the jukebox staples "American Girl," "Refugee," "Don't Come Around Here No More," "Learning to Fly" and "You Don't Know How It Feels." Petty and the Heartbreakers also performed the coveted halftime show at Super Bowl XLII in 2008.

A three-time Grammy winner, Petty was inducted into the Rock and Roll Hall of Fame in 2002.

Petty had some limited television work, guest-starring on Garry Shandling's shows It's Garry Shandling's Show and The Larry Sanders Show, as well as voicing the character of Lucky on King of the Hill and spoofing himself on The Simpsons. He also appeared in the Kevin Costner film The Postman.