UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 16, 2005
Access Pharmaceuticals, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-9314 83-0221517
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
2600 Stemmons Freeway, Suite 176, Dallas, Texas 75207
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 905-5100
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Check the appropriate box below if the Form 8-K filing is intended to satisfy
the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2 below):
[ ] 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))
Item 7.01 Regulation FD Disclosure.
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On March 16, 2005, the Registrant filed a Form 12b-25 with the Securities
and Exchange Commission pursuant to which it reported that its Annual Report
on Form 10-K for the fiscal year ended December 31, 2004 could not be filed
within the prescribed time period without unreasonable effort or expense and
that such Annual Report on Form 10-K will be filed on or before the fifteenth
calendar day following the prescribed due date.
The registrant has experienced delays in completing management's assessment
of the effectiveness of the registrant's internal controls over financial
reporting and the completion of the audits by our audit firm of the
registrant's financial statements and internal controls over financial
reporting for the year ended December 31, 2004 as required under Section
404 of the Sarbanes Oxley Act of 2002. As a result of the complex nature of
the new requirements under Section 404, the registrant is unable to complete
and file the 2004 Annual Report by the prescribed filing date without
unreasonable effort and expense. The registrant continues to dedicate
significant resources to the audit of the financial statements, internal
control testing and reporting, and the 2004 Annual Report. The registrant
anticipates filing the 2004 Annual Report on or before the extended deadline
of March 31, 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 hereunto duly authorized.
Access Pharmaceuticals, Inc.
(Registrant)
By: /s/ Stephen B. Thompson
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Stephen B. Thompson
Vice President and
Chief Financial Officer
Dated March 16, 2005
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