SCHEDULE 13G
UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
ACCESS INTEGRATED TECHNOLOGIES, INC.
------------------------------------
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
------------------------------------------------
(Title of Class of Securities)
004329108
--------------
(CUSIP Number)
December 31, 2007
---------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
| | Rule 13d-1(c)
| | Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 10 Pages
Exhibit Index: Page 9
SCHEDULE 13G
CUSIP No.: 004329108 Page 2 of 10 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
MAGNETAR CAPITAL PARTNERS LP
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
5. Sole Voting Power None
Number of ..........................................................
Shares 6. Shared Voting Power 1,700,032
Beneficially ..........................................................
Owned by Each 7. Sole Dispositive Power None
Reporting ..........................................................
Person With 8. Shared Dispositive Power 1,700,032
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,700,032
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.75% based on 25,167,656 shares outstanding as of November 5, 2007.
.................................................................................
12. Type of Reporting Person:
HC; OO
SCHEDULE 13G
CUSIP No.: 004329108 Page 3 of 10 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
SUPERNOVA MANAGEMENT LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
5. Sole Voting Power None
Number of ..........................................................
Shares 6. Shared Voting Power 1,700,032
Beneficially ..........................................................
Owned by Each 7. Sole Dispositive Power None
Reporting ..........................................................
Person With 8. Shared Dispositive Power 1,700,032
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,700,032
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.75% based on 25,167,656 shares outstanding as of November 5, 2007.
.................................................................................
12. Type of Reporting Person:
HC; OO
SCHEDULE 13G
CUSIP No.: 004329108 Page 4 of 10 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ALEC N. LITOWITZ
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
5. Sole Voting Power None
Number of ..........................................................
Shares 6. Shared Voting Power 1,700,032
Beneficially ..........................................................
Owned by Each 7. Sole Dispositive Power None
Reporting ..........................................................
Person With 8. Shared Dispositive Power 1,700,032
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,700,032
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.75% based on 25,167,656 shares outstanding as of November 5, 2007.
.................................................................................
12. Type of Reporting Person:
HC
Page 5 of 10 Pages
Item 1(a). Name of Issuer:
Access Integrated Technologies, Inc. (the "Issuer)
Item 1(b). Address of Issuer's Principal Executive Offices:
55 Madison Avenue, Suite 300, Morristown, NJ 07960.
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Magnetar Capital Partners LP ("Magnetar Capital
Partners");
ii) Supernova Management LLC ("Supernova Management"); and
iii) Alec N. Litowitz ("Mr. Litowitz").
This Statement relates to Shares (as defined herein) held for
the accounts of Magnetar Capital Master Fund, Ltd, a Cayman Islands exempted
company ("Magnetar Capital Master Fund"), certain managed accounts (the "Managed
Accounts"), Magnetar SGR Fund, Ltd and Magnetar SGR Fund, LP. Magnetar Capital
Partners serves as the sole member and parent holding company of Magnetar
Financial LLC a Delaware limited liability company ("Magnetar Financial"), and
Magnetar Investment Management, LLC a Delaware limited liability company
("Magnetar Investment Management"). Each of Magnetar Financial and Magnetar
Investment Management are registered investment advisers under Section 203 of
the Investment Advisers Act of 1940, as amended. Magnetar Financial serves as
investment adviser to Magnetar Capital Master Fund. In such capacity, Magnetar
Financial exercises voting and investment power over the Shares held for the
account of Magnetar Capital Master Fund. Magnetar Investment Management serves
as investment adviser to the Managed Accounts, Magnetar SGR Fund, Ltd and
Magnetar SGR Fund, LP. In such capacity, Magnetar Investment Management
exercises voting and investment power over the Shares held for the accounts of
the Managed Accounts, Magnetar SGR Fund, Ltd and Magnetar SGR Fund, LP.
Supernova Management is the general partner of Magnetar Capital Partners. The
manager of Supernova Management is Mr. Litowitz.
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of
Magnetar Capital Partners, Supernova Management, and Mr. Litowitz is 1603
Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
Item 2(c). Citizenship
i) Magnetar Capital Partners is a Delaware limited
partnership;
ii) Supernova Management is a Delaware limited liability
company; and
iii) Mr. Litowitz is a citizen of the United States of
America.
Page 6 of 10 Pages
Item 2(d). Title of Class of Securities:
Class A Common Stock, $0.001 par value per share (the
"Shares")
Item 2(e). CUSIP Number:
004329108
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
(a) | | Broker or dealer registered under Section 15 of
the Exchange Act.
(b) | | Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) | | Insurance company as defined in Section 3(a)(19)
of the Exchange Act.
(d) | | Investment company registered under Section 8 of
the Investment Company Act.
(e) |X| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) | | An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) | | A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) | | A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act.
(i) | | A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
As of December 31, 2007, each of Magnetar Capital Partners,
Supernova Management and Mr. Litowitz may be deemed to be the beneficial owner
of 1,700,032 Shares. This amount consists of: (A) 778,417 Shares held for the
account of Magnetar Capital Master Fund; (B) 2,987 Shares held for the account
of Magnetar SGR Fund Ltd.; (C) 80,080 Shares held for the account of Magnetar
SGR Fund LP and (D) 838,548 Shares held for the account of the Managed Accounts.
Item 4(b) Percent of Class:
The number of Shares of which each of Magnetar Capital
Partners, Supernova Management and Mr. Litowitz may be deemed to be the
beneficial owner constitutes approximately 6.75% of the total number of Shares
outstanding (based upon information provided by the Issuer in its most recent
filed registration statement on Form 10-Q, there were approximately 25,167,656
shares outstanding as of November 5, 2007).
Page 7 of 10 Pages
Item 4(c) Number of Shares of which such person has:
Magnetar Capital Partners, Supernova Management, and Mr. Litowitz:
------------------------------------------------------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,700,032
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 1,700,032
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that,
to the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 8 of 10 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 13, 2008 MAGNETAR CAPITAL PARTNERS LP
By: /s/ Alec N. Litowitz
--------------------
Name: Alec N. Litowitz
Title: Manager of Supernova
Management LLC, as General
Partner of Magnetar Capital
Partners LP
Date: February 13, 2008 SUPERNOVA MANAGEMENT LLC
By: /s/ Alec N. Litowitz
--------------------
Name: Alec N. Litowitz
Title: Manager
Date: February 13, 2008 ALEC N. LITOWITZ
/s/ Alec N. Litowitz
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Page 9 of 10 Pages
EXHIBIT INDEX
Ex. Page No.
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A. Joint Filing Agreement, dated February 13, 2008 by and
Magnetar Capital Partners LP, Supernova Management
LLC, and Alec N. Litowitz........................ 10
Page 10 of 10 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Access Integrated Technologies, Inc. dated as of
February 13, 2008 is, and any amendments thereto (including amendments on
Schedule 13D) signed by each of the undersigned shall be, filed on behalf of
each of us pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Date: February 13, 2008 MAGNETAR CAPITAL PARTNERS LP
By: /s/ Alec N. Litowitz
--------------------
Name: Alec N. Litowitz
Title: Manager of Supernova
Management LLC, as General
Partner of Magnetar Capital
Partners LP
Date: February 13, 2008 SUPERNOVA MANAGEMENT LLC
By: /s/ Alec N. Litowitz
--------------------
Name: Alec N. Litowitz
Title: Manager
Date: February 13, 2008 ALEC N. LITOWITZ
/s/ Alec N. Litowitz
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