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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001019687-05-000759.txt : 20050321
<SEC-HEADER>0001019687-05-000759.hdr.sgml : 20050321
<ACCEPTANCE-DATETIME>20050321171932
ACCESSION NUMBER:		0001019687-05-000759
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050316
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20050321
DATE AS OF CHANGE:		20050321

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN TECHNOLOGY CORP /DE/
		CENTRAL INDEX KEY:			0000924383
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
		IRS NUMBER:				870361799
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24248
		FILM NUMBER:		05694895

	BUSINESS ADDRESS:	
		STREET 1:		13114 EVENING CREEK DRIVE SOUTH
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92128
		BUSINESS PHONE:		6196792114

	MAIL ADDRESS:	
		STREET 1:		13114 EVENING CREEK DRIVE SOUTH
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92128
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>atc_8k-032105.htm
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="5"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR><FONT SIZE="3">Washington, D.C. 20549</FONT></B></FONT></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>FORM 8-K </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>CURRENT REPORT</B></FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Pursuant to Section 13 or 15(d) of<BR>
the Securities Exchange Act of 1934 </B></FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date of Report
(Date of Earliest Event Reported): <B>March 21, 2005 (March 16, 2005)</B></FONT></P>

<HR WIDTH="20%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="5"><B>AMERICAN TECHNOLOGY CORPORATION</B><BR>
<FONT SIZE="2">(Exact Name of Registrant as Specified in Charter)</FONT></FONT></FONT></P>
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<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Delaware</b> </FONT></TD>
<TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>000-24248</b> </FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>87-0361799</b> </FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or Other Jurisdiction of Incorporation)</FONT></TD>
<TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission File Number)</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(IRS Employer Identification No.)</FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>13114 Evening Creek Drive South, San Diego, California</b> </FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>92128</b> </FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices)</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)</FONT></TD>
</TR>
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<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Registrant&#146;s
Telephone Number, Including Area Code:&nbsp;<B>(858) 679-2114</B> </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">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: </FONT></P>

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<TD WIDTH="3%"><FONT FACE="WINGDINGS" SIZE="2">&#168;</FONT></TD>
<TD WIDTH="97%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD WIDTH="3%"><FONT FACE="WINGDINGS" SIZE="2">&#168;</FONT></TD>
<TD WIDTH="97%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR>
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<TD WIDTH="3%"><FONT FACE="WINGDINGS" SIZE="2">&#168;</FONT></TD>
<TD WIDTH="97%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Pre-commencement
communications pursuant to Rule 14d-2(b) under the  Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="3%"><FONT FACE="WINGDINGS" SIZE="2">&#168;</FONT></TD>
<TD WIDTH="97%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Pre-commencement
communications pursuant to Rule 13e-4(c) under the  Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 1.01  Entry
Into a Material Definitive Agreement </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">On March 16, 2005, we
granted inducement stock options to certain of our new employees. These options were
granted without stockholder approval to  two new non-executive employees as an inducement
material to the individuals&#146; entering into employment with our company, and the issuances
were  approved by our Compensation Committee pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A)(iv). The options are exercisable for an aggregate of 24,000  shares of
common stock with an exercise price of $8.40 per share. Each option has a five year term
and vests 25% on the first anniversary of the  grant date and then quarterly thereafter
for the next 12 quarters, subject to continued employment and other conditions.</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SIGNATURES </B></FONT></P>


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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">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.</FONT></P>

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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AMERICAN
TECHNOLOGY CORPORATION </FONT></TD>
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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:  March 21, 2005</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:  </FONT></TD>
<TD WIDTH="36%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> /s/
MICHAEL A. RUSSELL  &nbsp;</FONT><HR ALIGN=LEFT COLOR="#000000" SIZE="1" WIDTH="70%" noshade></TD>
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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Michael
A. Russell<BR>Chief Financial Officer </FONT></TD>
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