Securities Registration: Employee Benefit Plan (s-8)
November 07 2016 - 5:38PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on November 7, 2016
Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
QUOTIENT LIMITED
(Exact
name of registrant as specified in its charter)
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Jersey, Channel Islands
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Not applicable
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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Pentlands Science Park
Bush Loan, Penicuik, Midlothian
EH26 OPZ, United Kingdom
Tel: 011-44-0131-445-6159
(Address of principal executive offices)
Amended and Restated 2014 Equity Incentive Plan
(Full titles of the Plans)
Jeremy Stackawitz
Quotient Biodiagnostics, Inc.
301 South State Street, Suite S-204
Newtown, Pennsylvania 18940
(215) 497-7006
(Name and
address of agent for service)
Copies to:
Alejandro E. Camacho, Esq.
Per B. Chilstrom, Esq.
Clifford Chance US LLP
31 West 52nd Street
New
York, NY 10019
(212) 878-8000
Indicate by
check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and
smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
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Large accelerated filer
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☐
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Accelerated filer
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☒
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Non-accelerated filer
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☐ (Do not check if a smaller reporting company)
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Smaller reporting company
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☐
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CALCULATION OF REGISTRATION FEE
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Title of Each Class of
Securities to be Registered
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Amount
to be
Registered
(1)
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Proposed
Maximum
Offering
Price
Per Share
(2)
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Proposed
Maximum
Aggregate
Offering Price
(2)
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Amount of
Registration Fee
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Ordinary Shares of nil par value per share
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1,120,205
(3)
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$4.4425
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$4,976,510.7125
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$576.778
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(1)
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Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall also cover any additional ordinary shares that become issuable under the
registrants Amended and Restated 2014 Stock Incentive Plan (such plan, as originally adopted on March 31, 2014, the 2014 Plan, and, as subsequently amended and restated on October 28, 2016, the Amended and Restated
2014 Plan) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding ordinary shares.
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(2)
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Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) promulgated under the Securities Act. The offering price per ordinary share and the aggregate
offering price is based upon the average of the high and low prices of the ordinary shares, as reported on the NASDAQ Global Market on November 4, 2016.
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(3)
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Includes (a) 370,205 ordinary shares that were automatically added to the number of shares authorized for issuance under the 2014 Plan on April 1, 2015 (170,205) and April 1, 2016
(200,000) pursuant to an evergreen provision contained in the 2014 Plan; and (b) 750,000 additional ordinary shares reserved for issuance under the Amended and Restated 2014 Plan. See Explanatory Note for additional
information.
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EXPLANATORY NOTE
REGISTRATION OF ADDITIONAL SHARES
Quotient Limited (the Company) initially registered 1,500,000 ordinary shares for issuance under the 2014 Stock Incentive Plan
(such plan, as originally adopted on March 31, 2014, the 2014 Plan, and, as subsequently amended and restated on October 28, 2016, the Amended and Restated 2014 Plan) pursuant to a Registration Statement on Form S-8
(No. 333-195507) filed with the Securities and Exchange Commission (the SEC) on April 25, 2014 (the Prior Registration Statement).
Pursuant to an evergreen provision contained in the 2014 Plan, on April 1 of each year from 2015 through 2023, the number of
shares authorized for issuance under the 2014 Plan automatically increased by an amount equal to the lesser of 1% of the total number of the Companys ordinary shares outstanding on March 31 of the preceding year, 200,000 ordinary shares
or such smaller amount as determined by the Board of Directors of the Company. Pursuant to this provision, on April 1, 2015, 170,205 additional ordinary shares became authorized for issuance under the 2014 Plan, and on April 1, 2016,
200,000 additional ordinary shares became authorized for issuance under the 2014 Plan.
On October 28, 2016, at the annual
shareholder meeting of the Company, the shareholders of the Company approved the adoption of the Amended and Restated 2014 Stock Incentive Plan, which reflected amendments to the 2014 Plan to increase by 750,000 both the number of ordinary shares
authorized for issuance and the maximum number of ordinary shares that may be issued upon the exercise of incentive stock options.
The
Company is filing this Registration Statement on Form S-8 to register (a) an aggregate of 370,205 ordinary shares that were automatically added to the number of shares authorized for issuance under the 2014 Plan pursuant to the
evergreen provision contained in the 2014 Plan; and (b) 750,000 additional ordinary shares reserved for issuance under the Amended and Restated 2014 Plan. Pursuant to General Instruction E of Form S-8, this Registration Statement
hereby incorporates by reference the contents of the Prior Registration Statement, except to the extent supplemented, amended or superseded by the information set forth herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed by the registrant with the SEC are hereby incorporated by reference herein, and shall be deemed
to be a part of, this Registration Statement:
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The description of the ordinary shares contained in Amendment No. 3 to the Registration Statement on Form 8-A/A (File No. 001-36415), filed with the SEC on October 30, 2015 pursuant to Section 12(b)
of the Securities Exchange Act of 1934, as amended (the Exchange Act), and any amendments or reports filed for the purpose of updating such description;
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The Current Reports on Form 8-K filed with the SEC on August 3, 2016, October 14, 2016 and October 31, 2016 (SEC Accession No. 0001564590-16-026530);
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The Annual Report on Form 10-K for the fiscal year ended March 31, 2016 filed with the SEC on May 31, 2016 pursuant to Section 13 of the Exchange Act;
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The Quarterly Reports on Form 10-Q for the quarterly period ended June 30, 2016 and September 30, 2016 filed with the SEC on August 9, 2016 and November 1, 2016, respectively; and
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The Proxy Statement filed with the SEC on July 26, 2016 pursuant to Section 14(a) of the Exchange Act (but only with respect to information required by Part III of the Companys Annual Report on
Form 10-K for the year ended March 31, 2016).
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In addition, all documents filed by the registrant pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this registration statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part of it from the respective dates of filing such documents; except as to any portion of any future annual, quarterly or
current report or other document that is deemed furnished and not deemed filed under such provisions. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded
for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits.
A list of
exhibits filed with this registration statement or incorporated by reference is set forth in the Exhibit Index hereto and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in Edinburgh, Scotland on November 7, 2016.
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Quotient Limited
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By:
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/s/ Paul Cowan
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Name:
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Paul Cowan
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Title:
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Chief Executive Officer and Chairman of the Board of Directors
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POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints Paul Cowan and Roland Boyd and each of them, as such persons
true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in such persons name, place and stead, in any and all capacities, to sign any and all amendments to this Registration
Statement, and any additional related registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (including
post-effective
amendments to the registration statement and
any such related registration statements), and to file the same, with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed
by the following persons in the capacities and on the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as
amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
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Name
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Title
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Date
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/s/ Paul Cowan
Paul Cowan
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President, Chief Executive Officer and Director
(Principal Executive Officer)
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November 7, 2016
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/s/ Roland Boyd
Roland Boyd
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Interim Chief Financial Officer
Group Financial Controller and Treasurer
(Principal Financial Officer and Principal Accounting Officer)
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November 7, 2016
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/s/ Thomas Bologna
Thomas Bologna
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Director
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November 7, 2016
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/s/ Frederick Hallsworth
Frederick Hallsworth
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Director
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November 7, 2016
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/s/ Brian McDonough
Brian McDonough
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Director
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November 7, 2016
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/s/ Sarah OConnor
Sarah OConnor
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Director
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November 7, 2016
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Name
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Title
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Date
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/s/ Zubeen Shroff
Zubeen Shroff
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Director
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November 7, 2016
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/s/ Heino von Prondzynski
Heino von Prondzynski
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Director
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November 7, 2016
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/s/ John Wilkerson
John Wilkerson
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Director
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November 7, 2016
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/s/ Jeremy Stackawitz
Jeremy Stackawitz
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Authorized Representative in the United States
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November 7, 2016
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EXHIBIT INDEX
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Exhibit number
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Exhibit description
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4.1*
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Amended and Restated 2014 Stock Incentive Plan (as adopted on March 31, 2014 and amended and restated on October 28, 2016) (incorporated by reference to Exhibit A to the Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission on July 26, 2016).
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5.1
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Opinion of Carey Olsen
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23.1
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Consent of Ernst & Young LLP
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23.2
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Consent of Carey Olsen (contained in Exhibit 5.1).
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24.1
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Power of Attorney (included in signature page).
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