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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
OCTOBER 12, 2005
(Date of earliest event reported)
ACCESS INTEGRATED TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 001-31810 22-3720962
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
55 MADISON AVENUE, SUITE 300, MORRISTOWN NJ 07960
(Address of principal executive offices) (Zip Code)
(973) 290-0080
(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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:
[ ] 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 CFR 240.14a-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 240.13e-4(c))
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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 12, 2005, Christie/AIX, Inc. ("Christie/AIX"), a Delaware
corporation and an indirect wholly-owned subsidiary of Access Integrated
Technologies, Inc., (the "Company"), a Delaware corporation, entered into a
non-exclusive Digital Cinema Deployment Agreement (the "Agreement") with
Twentieth Century Fox Film Corporation ("Fox"), a producer and distributor of
motion pictures. The Agreement provides that Fox will distribute movie releases
in digital format to theaters equipped with digital cinema projection systems
("Digital Systems") deployed by Christie/AIX, which are to be supplied by
Christie Digital Systems USA, Inc. ("Christie"), a California corporation and a
leading provider of Digital Systems. Fox will pay a virtual print fee to
Christie/AIX for each digital print shown on a Digital System. The number of
digital titles Fox is required to release during the term of the Agreement and
the amount of the virtual print fee Fox is required to pay will depend, among
other things, on the number of fully operational Digital Systems that
Christie/AIX deploys during the next twenty-four months. The Agreement is
effective through 2020 and was entered into as contemplated by the Company and
Christie/AIX pursuant to their Framework Agreement, entered into with Christie
in June 2005, which was aimed at facilitating the deployment of Digital Systems.
On October 17, 2005, the Company issued a press release announcing the
Agreement. A copy of the release is filed herewith as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. DESCRIPTION
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99.1 Press release of Access Integrated Technologies,
Inc., dated October 17, 2005.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
ACCESS INTEGRATED TECHNOLOGIES, INC.
By: /s/ Gary S. Loffredo
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Name: Gary S. Loffredo
Title: Senior Vice President - General Counsel
Dated: October 18, 2005
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