SEC Filing Summary: Access Integrated Technologies, Inc. (d/b/a Cinedigm Digital Cinema Corp.)
Business Context and Reporting Period
This Form 8-K Current Report was filed on September 21, 2009, covering events occurring on September 17, 2009. The registrant, Access Integrated Technologies, Inc., operates under the trade name Cinedigm Digital Cinema Corp. The filing addresses corporate governance matters regarding director and officer indemnification.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report on specific corporate events and does not contain financial statements or performance metrics.
Material Changes
On September 17, 2009, the Company entered into Indemnification Agreements with each of its directors. These agreements cover:
- A. Dale Mayo (Principal Executive Officer)
- Adam M. Mizel (Principal Financial Officer)
- Gary S. Loffredo (Senior Vice President – Business Affairs, General Counsel and Secretary)
The agreements provide indemnification against losses, liabilities, expenses, judgments, fines, and settlement amounts to the fullest extent permitted by Delaware General Corporation Law, the Company's Certificate of Incorporation, and By-Laws. Additionally, the Company agreed to advance expenses incurred by directors in connection with legal actions.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk context relates to the legal protection of directors and officers, ensuring they are covered for liabilities arising from their service to the Company. No unusual items or contingencies were disclosed in this specific report.
Key Facts for Investor Verification
- Verify the specific terms and exceptions within the Form of Indemnification Agreement filed as Exhibit 10.1.
- Confirm the current status of the named officers (Mayo, Mizel, Loffredo) and whether these agreements remain in effect.
- Review subsequent filings for any financial data, as this 8-K contains no financial performance metrics.