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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: November 22, 2000
American Film Technologies, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-9748 23-2359277
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or Organization) File Number) Identification Number)
300 Park Avenue, 17th Floor, New York, NY 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 572-6370
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(Registrant's Telephone Number, Including Area Code)
ITEM 5. OTHER EVENTS.
Gerald Wetzler has declared a default under the terms of the Settlement
Agreement, dated December 31, 1999, and has demanded that the assets of the
Company be transferred to him pursuant to the Senior Secured Convertible Notes
which he holds.
The Company is considering the options available to it, including but not
limited to referring this matter to the Office of the United States Trustee in
the bankruptcy proceeding still pending with respect to the Company. There can
be no assurance that Mr. Wetzler will not be successful in obtaining all the
assets of the Company. In such event, the Company will have no assets and will
cease operations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
American Film Technologies, Inc.
Dated: November 22, 2000 By:/s/ Porter Bibb
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Porter Bibb
Director
