Because of the presence of a GCIU logo, this is likely not from the 1981 original release but a re-release from later in the 1983. This note from an emovieposter.com auction explains why:

Note that there are two versions of this poster: one with a GAU printer logo and one with GCIU logo. We have been told that the GCIU logo wasn’t trademarked until July 1983, so the theory is that any poster that carries the GCIU logo must be from 1983 or later and are either theatrical re-release posters or possibly video store posters. We do not know for sure.

Fade to Black, a 1980 slasher film, focuses on a shy film geek who goes on a killing spree against those who bully him using reenactments of his favourite film scenes.

You can watch the trailer on YouTube – keep an eye out for a young Mickey Rourke.

The slasher film that was eventually released as The Mutilator started out life with a holiday-themed title, no doubt aiming to capitalise on the success of John Carpenter’s Halloween and other films like My Bloody Valentine. My understanding is that the name was changed when producers found the film almost impossible to sell; not only is it the least exciting title for a horror film imaginable, it’s also a name that means nothing to folks outside of the USA.

I believe that this poster was printed in very limited quantities because the name was changed soon after and the film was released across America as The Mutilator. I bought this poster from a film critic who was friends with the director and was given a handful of copies of this original design.

Check out the completely different final release poster with a classic tagline. The original trailer can be viewed on YouTube.