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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 25, 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)
(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 25, 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
Universal City Studios, LLLP ("Universal"), a producer and distributor of motion
pictures. The Agreement provides that Universal 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. Universal will pay a virtual print fee to
Christie/AIX for each digital print shown on a Digital System. The number of
digital titles Universal is required to release during the term of the Agreement
and the amount of the virtual print fee Universal 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 2017 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.
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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 28, 2005
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