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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
JUNE 21, 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 (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
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 June 21, 2005, Access Integrated Technologies, Inc., a Delaware
corporation (the "Company"), entered into a Digital Cinema Framework Agreement
(the "Agreement") with Access Digital Media, Inc., a Delaware corporation and a
wholly owned subsidiary of the Company ("ADM"), Christie/AIX, Inc., a Delaware
corporation and a wholly owned subsidiary of ADM ("Christie/AIX"), and Christie
Digital Systems USA, Inc., a California Corporation and a leading provider of
digital cinema projections systems and related services ("Christie"), pursuant
to which, among other things: (1) Christie/AIX will seek to raise financing to
fund the purchase of a turnkey Digital Cinema solution that includes the latest
generation 2K resolution Digital Cinema projectors and all related hardware
systems and (2) Christie/AIX will serve as intermediary between content owners
(including major studios and independent distributors, who will pay "virtual
print fees") and exhibitors (who will be responsible for installation costs,
software license costs, software license fees, and a 10-year maintenance
contract with a cost structure similar to conventional film maintenance). The
Agreement will be effective through 2018.
On June 21, 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
99.1 Press release of Access Integrated Technologies, Inc., dated
June 21, 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: June 24, 2005
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