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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
Date of Report (Date of earliest event reported) January 3, 2006
ACCESS WORLDWIDE COMMUNICATIONS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-23489 52-1309227
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4950 Communication Avenue, Suite 300, Boca Raton, Florida 33431
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (571) 438-6140
N/A
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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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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 30, 2005, Access Worldwide Communications, Inc. (the "Company") and
Stedman Stevens ("Mr. Stevens"), the Chief Executive Officer of the AM Medica
Group, a wholly owned subsidiary of the Company, entered into an amendment (the
"Amendment") to the Employment Agreement dated September 10, 2004 by and between
the Company and Mr. Stevens (the "Employment Agreement"). The Amendment changed
the termination date of the Employment Agreement from September 10, 2007 to
December 31, 2005.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
As the result of the entry into the Amendment described in Item 1.01 above, the
Employment Agreement by and between the Company and Mr. Stevens was terminated,
effective as of December 31, 2005. A brief description of the terms and
conditions of that employment agreement is included in Schedule 14A filed on
April 21, 2005, which description is incorporated herein by reference. Except as
described in Item 1.01 above, Mr. Stevens incurred no material early termination
penalties in connection with the termination.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
Effective January 1, 2006, and pursuant to the Amendment described in Item 1.01
above, Mr. Stevens will no longer serve as the Chief Executive Officer of the AM
Medica Group, a wholly owned subsidiary of the Company. Mr. Stevens stepped down
due to personal reasons. Shawkat Raslan, the Chief Executive Officer of the
Company will serve as acting CEO of AM Medica Group.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Amendment to the Employment Agreement dated September 10, 2004, by and
between Access Worldwide Communications, Inc. and Stedman Stevens.
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SIGNATURES
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 WORLDWIDE COMMUNICATIONS, INC.
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(Registrant)
Date: January 3, 2006 By /s/ Mark Wright
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Mark Wright
General Counsel, Secretary
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