AME Crashing at Startup wiht WatchFolder.dll

When starting my AME it crashes at Startup. Any idea on what I can do to resolve this?

I'm using Windows 7-64-bit. It was working well before.

Application: Adobe Media Encoder.exe

Framework Version: v4.0.30319

Description: The process was terminated due to an unhandled exception.

Exception Info: exception code c0000005, exception address 00000000043D7899

Stack:

Faulting application name: Adobe Media Encoder.exe, version: 6.0.3.1, time stamp: 0x50575647

Faulting module name: WatchFolder.dll, version: 6.0.3.1, time stamp: 0x50574d09

Exception code: 0xc0000005

Fault offset: 0x0000000000007899

Faulting process id: 0x29a4

Faulting application start time: 0x01cf1592c92ac2b4

Faulting application path: C:\Program Files\Adobe\Adobe Media Encoder CS6\Adobe Media Encoder.exe

Faulting module path: C:\Program Files\Adobe\Adobe Media Encoder CS6\WatchFolder.dll

Report Id: 09c141a9-8186-11e3-8cd2-20cf30e2a453