I'm also having trouble with my Action Director; mine is not stitching the photos automatically. When photo dragged into Action Director, I'm just getting the double-fisheye view (please see attached.)
But, as I understand it, if your Action Director is stitching your photo, the stitched-JPG will be placed in a separate folder. If you right click on the stitched photo, you should be able to "Open File Location"?
Hope this helps!