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): ~~December~~June 121, ~~2009~~2010

ADVANCE DISPLAY TECHNOLOGIES, INC. ~~(Exact name of registrant as specified in its charter)~~

(Exact name of registrant as specified in its charter)

COLORADO	0-15224	84-0969445
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

7334 So. Alton Way, Suite F	Centennial, Colorado	80112
42230 Zevo Drive	Temecula, California	92590
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (~~303~~951) ~~267~~795-~~0111~~ 4446

7334 South Alton Way, Suite F, Centennial, Colorado 80112

(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 (see General Instruction A.2. below):

¨ o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

51.0201. ~~Departure~~ ofEntry ~~Directors~~into ora ~~Certain~~Material ~~Officers;~~Definitive ~~Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Agreement.

~~(b)~~ On ~~December 1~~June 15, ~~2009~~2010, ~~Dwight~~Advance EDisplay Technologies, Inc. (the “~~Jody~~Company”) ~~Thomas~~entered ~~was~~into ~~removed~~a License ~~from~~and ~~his~~Revenue ~~position~~Sharing asAgreement ~~Director~~(the of“Agreement”) ~~Product~~with ~~Management~~Times ofSquare ~~Advance~~Tower Associates, ~~Display~~LLC ~~Technologies,~~(“Building ~~Inc~~Owner”). Pursuant to the Agreement, the Company will exhibit its SkyNetTM flexible mesh video display screen (the “~~Company~~Screen”) ~~and~~at is7 ~~therefore~~Times noSquare, ~~longer~~New ~~considered~~York, New anYork ~~executive~~for ~~officer~~a ofterm through June 30, 2014 (the ~~Company~~“Term”).

~~(c) On~~Under ~~December 1~~the Agreement, ~~2009,~~the ~~Robert~~Company ~~Ridgeway,~~remains ~~age~~the ~~47,~~sole ~~was~~owner ~~appointed Vice President~~ of ~~Global~~the ~~Business~~Screen ~~Development~~ and ~~Planning~~is ~~of the Company. From July 2008 until his appointment, Mr. Ridgeway had been principally engaged as an independent contractor to the Company,~~responsible ~~providing~~for ~~consulting~~obtaining ~~services in~~ the ~~areas~~placement of ~~finance,~~advertising ~~corporate~~on ~~development~~the ~~and~~Screen ~~administration. From~~during ~~July 2007 to July 2008, Mr~~the Term. ~~Ridgeway provided similar consulting services to various other companies as an independent contractor.~~ ~~From~~All ~~1985~~advertising tomonies ~~2007,~~actually ~~Mr.~~received ~~Ridgeway~~by ~~worked~~the ~~for~~Company ~~Hamilton~~or Building ~~Sundstrand~~Owner ~~Power~~will ~~Systems,~~be ashared ~~United~~by ~~Technologies~~the ~~company. During~~Company ~~his~~and ~~employment~~Building ~~with~~Owner ~~Hamilton,~~in ~~Mr.~~the ~~Ridgeway~~manner described ~~served~~ in ~~various~~Section ~~capacities,~~6.2 ~~including: Vice President and General Manager from 2003 to 2007; Chairman~~ of the ~~Board of Revima APU~~Agreement, awhich ~~joint~~is ~~venture~~filed ofwith ~~Hamilton~~herewith ~~and~~as Exhibit 10.1 ~~EADS, from 2003 to 2007; Director of Operations from 2001 to 2003; Director, Business Development, Finance~~ and ~~Administration~~incorporated ~~from~~herein ~~2000~~by ~~to 2001; Chief Financial Officer from 1992 to 2000; Financial Planning Manager from 1990 to 1992 and Senior Buyer and Operations Administrator from 1985 to 1990~~reference.

~~Unless~~The foregoing ~~his~~summary ~~compensation~~description ~~is modified by the Compensation Committee~~ of the ~~Company’s~~terms ~~Board~~ of ~~Directors, Mr. Ridgeway will be paid a base salary of $150,000 per annum, plus a sales commission of between 1% and 1.5% for any sales booked by~~ the ~~Company~~Agreement ~~through November 30, 2010, while he~~ is ~~serving~~not ascomplete ~~the Company’s Vice President of Global Business Development~~ and ~~Planning or until the Company hires a Vice President of Sales, whichever occurs first. Mr. Ridgeway~~ is ~~also~~qualified ~~eligible for additional incentive based compensation~~ in ~~the~~its ~~future~~entirety asby ~~may~~reference beto ~~awarded by~~ the ~~Compensation~~full ~~Committee,~~text inof ~~its sole discretion. There are no other agreements or understandings in place at this time concerning Mr. Ridgeway’s compensation by~~ the ~~Company~~ Agreement.

~~While Mr~~Item9.01 ~~Ridgeway~~Financial ~~has~~Statements ~~not entered into an employment agreement with the Company~~ and therefore has no right to continued employment in the future, he did execute a standard Employee Agreement (the “Agreement”) that contains nondisclosure, noncompetition and similar covenants, including an assignment to the Company of any newly developed intellectual property while he is employed by the CompanyExhibits. ~~The Agreement also confirms that he has been hired as an “at will” employee.~~

(d) Exhibits.

Exhibit No.		Description of Exhibit

10.1		License and Revenue Sharing Agreement between the Company and Times Square Towers Associates, LLC dated June 15, 2010

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.

Date: December 7, 2009	ADVANCE DISPLAY TECHNOLOGIES, INC.
Date: June 21, 2010	ADVANCE DISPLAY TECHNOLOGIES, INC.
	By: /s/ Mattthew W. Shankle
	By:	/s/ James P. Martindale
	Matthew W. Shankle, President
		James P. Martindale, Executive VicePresident & COO

EXHIBIT INDEX

Exhibit No.		Description of Exhibit

10.1		License and Revenue Sharing Agreement between the Company and Times Square Towers Associates, LLC dated June 15, 2010

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