Securities Registration: Employee Benefit Plan (s-8)
July 19 2017 - 04:09PM
Edgar (US Regulatory)
As filed with the Securities
and Exchange Commission on July 19, 2017
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____________________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
_____________________
MISONIX, INC.
(Exact name of registrant as specified in
its charter)
New York
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11-2148932
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(State or other jurisdiction of
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(IRS Employer
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incorporation or organization)
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Identification No.)
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1938 New Highway
Farmingdale, NY 11735
(Address of Principal Executive Offices)
Misonix, Inc. 2017 Equity Incentive Plan
(Full Title of the Plan)
Stavros G. Vizirgianakis, President and
Chief Executive Officer
Misonix, Inc.
1938 New Highway
Farmingdale, NY 11735
Telephone: (631) 694-9555
(Name, Address and Telephone
Number, including area code, of Agent for Service)
Copies of all communications, including
all communications sent to agent for service should be sent to:
Michael Grundei, Esq.
Wiggin and Dana LLP
281 Tresser Boulevard
Stamford, Connecticut 06901
Telephone: (203) 363-7600
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting
company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
¨
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Accelerated filer
x
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Non-accelerated filer
¨
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Smaller reporting company
¨
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(Do not check if a smaller reporting company)
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Emerging growth company
¨
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If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
¨
CALCULATION OF REGISTRATION FEE
Title 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
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Amount of
registration fee
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Common Stock, $0.01 par value
per share
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750,000 shares
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$
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7.925
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$
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5,943,750.00
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$
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688.89
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(1) Plus such additional
indeterminable number of shares as may be required pursuant to the 2017 Equity Incentive Plan in the event of a stock dividend,
stock split, recapitalization or other similar change in the Common Stock.
(2) Computed in accordance
with Rules 457(c) and 457(h) under the Securities Act of 1933, as amended, such computation is based on $7.925 per share (the average
of the high and low prices as reported on the NASDAQ Global Market on July 14, 2017).
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The documents containing
the information specified in “Item 1. Plan Information” and “Item 2. Registrant Information and Employee Plan
Annual Information” of Form S-8 will be sent or given to participants of the Misonix, Inc. 2017 Equity Incentive Plan, as
specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the “Securities Act”). Such documents are
not required to be, and are not, filed with the Securities and Exchange Commission either as part of this Registration Statement
or as a prospectus or prospectus supplement pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated
by reference in this Registration Statement pursuant to Item 3 of Part II of Form S-8, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3.
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Incorporation of Documents by Reference.
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There are hereby incorporated by reference
in this Registration Statement of Misonix, Inc. (the “Company” or the “Registrant”) the following documents
and information heretofore filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act") with the
Securities and Exchange Commission:
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(a)
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The Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2016;
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(b)
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The Company's Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 2016,
December 31, 2016 and March 31, 2017;
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(c)
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The Company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission
on August 26, 2016, September 14, 2016 (Items 5.02 and 9.01 only), September 16, 2016, September 28, 2016, October 25, 2016, November
15, 2016, November 28, 2016, December 19, 2016, February 13, 2017, March 7, 2017, and June 14, 2017; and
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(d)
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The description of the Company's Common Stock contained in the Company's Registration Statement
on Form 8-A (Registration No. 1-10986) filed with the Commission on January 22, 1992 under Section 12 of the Exchange Act.
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All documents filed by the Company pursuant
to Sections 13(a), 13(c), 14 and 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 part hereof from the
date of filing such documents.
The Company will provide, without charge
to each person, including any beneficial owner, to whom this document is delivered, upon written or oral request of such person,
a copy of any or all of the documents incorporated herein by reference (other than exhibits, unless such exhibits specifically
are incorporated by reference into such documents or this document). Requests for such documents should be submitted in writing,
addressed to the office of the Secretary, Misonix, Inc., 1938 New Highway, Farmingdale, NY 11735, or by telephone at (631) 694-9555.
Item 4.
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Description of Securities.
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Not applicable.
Item 5.
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Interests of Named Experts and Counsel.
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Not applicable.
Item 6.
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Indemnification of Directors and Officers.
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Section 722 of the New York Business Corporation
Law (“BCL”) permits, in general, a New York corporation to indemnify any person made, or threatened to be made, a party
to an action or proceeding by reason of the fact that he or she was a director or officer of the corporation, or served another
entity in any capacity at the request of the corporation, against any judgments, fines, amounts paid in settlement and reasonable
expenses, including attorney’s fees actually and necessarily incurred as a result of such action or proceeding, or any appeal
therein, if such person acted in good faith, for a purpose he or she reasonably believed to be in, or, in the case of service for
another entity, not opposed to, the best interests of the corporation and, in criminal actions or proceedings, in addition, had
no reasonable cause to believe that his or her conduct was unlawful. Section 723 of the BCL permits the corporation to pay in advance
of a final disposition of such action or proceeding the expenses incurred in defending such action or proceeding upon receipt of
an undertaking by or on behalf of the director or officer to repay such amount as, and to the extent, required by statute. Section
721 of the BCL provides that the indemnification and advancement of expense provisions contained in the BCL shall not be deemed
exclusive of any rights to which a director or officer seeking indemnification or advancement of expenses may be entitled, provided
no indemnification may be made on behalf of any director or officer if a judgment or other final adjudication adverse to the director
or officer establishes that his or her acts were committed in bad faith or were the result of active or deliberate dishonesty and
were material to the cause of action so adjudicated, or that he or she personally gained in fact a financial profit or other advantage
to which he or she was not legally entitled. Section 724 of the BCL provides that a person who is entitled to indemnification may
seek such indemnification in court. Section 725 of the BCL provides that expenses which were advanced to a person in defending
a civil or criminal action in connection with services performed as an officer and director shall be repaid if it is ultimately
determined that such person was not entitled to indemnification. Section 726 of the BCL provides that a corporation has the power
to purchase and maintain insurance to cover claims for indemnification.
Article Seventh of the Registrant's Certificate
of Incorporation provides, in general, that the Registrant may indemnify, and advance expenses to, any officer, director or other
person to the fullest extent permitted by applicable law, and shall indemnify or advance expenses to such persons to the fullest
extent required by the Registrant’s bylaws, any indemnification agreement or director resolution. Article Seventh of the
Certificate of Incorporation also limits the personal liability of any director to the Company or its shareholders for damages
for breach of duty as a director; provided, that Article Seventh shall not eliminate or limit such liability to the extent (i)
his or her acts or omissions were in bad faith or involved intentional misconduct or knowing violation of law, (ii) he or she personally
gained in fact a financial profit or other advantage to which he or she was not legally entitled, or (iii) his or her acts violated
Section 719 of the BCL.
In accordance with that provision of the
Certificate of Incorporation, the Registrant’s Bylaws provide that the Registrant shall indemnify any officer or director
(including officers and directors serving another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise in any capacity at the Registrant's request) made, or threatened to be made, a party to an action or proceeding (whether
civil, criminal, administrative or investigative) by reason of the fact that he or she was serving in any of those capacities against
judgments, fines, amounts paid in settlement and reasonable expenses (including attorneys’ fees) incurred as a result of
such action or proceeding. Indemnification would not be available under the Bylaws if a judgment or other final adjudication adverse
to such director or officer establishes that (i) his or her acts were committed in bad faith or were the result of active and deliberate
dishonesty and, in either case, were material to the cause of action so adjudicated, or (ii) he or she personally gained in fact
a financial profit or other advantage to which he or she was not legally entitled. The Bylaws also provide that the Registrant
shall, from time to time, advance to any director or officer expenses (including attorneys' fees) incurred in defending any such
action in advance of the final disposition of such action; provided that no such advancement shall be made until receipt of any
undertaking by or on behalf of such director or officer to repay such amount as, and to the extent, required by law.
Item 7.
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Exemption From Registration Claimed.
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Not applicable.
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4.1
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Restated Certificate of Incorporation of the Company (incorporated by reference from the Company’s
Registration Statement on Form S-8 filed on February 26, 2010)
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4.2
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By-Laws of the Company (incorporated by reference from the Company's Current Report on Form 8-K
filed on October 3, 2014)
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4.3
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Specimen Common Share certificate (incorporated by reference to Exhibit 4.1 to the Company’s
Registration Statement on Form S-1, File No. 33-43585, dated October 24, 1991)
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5.1
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Opinion of Wiggin and Dana LLP (filed herewith)
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23.1
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Consent of Grant Thornton LLP (filed herewith)
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23.2
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Consent of Counsel (included 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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99.1
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Misonix, Inc. 2017 Equity Incentive Plan (filed herewith)
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(a)
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The undersigned registrant hereby undertakes:
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(1) To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement;
Provided, however
, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are incorporated by reference in the registration
statement.
(2) That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3) To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
(4) That,
for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution
of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant
pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if
the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant
will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) any preliminary
prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; (ii)
any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred
to by the undersigned registrant; (iii) the portion of any other free writing prospectus relating to the offering containing material
information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and (iv)
any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered
herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant
of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
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 the
City of Farmingdale, State of New York, on this 19th day of July, 2017.
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MISONIX, INC.
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By:
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/s/ Stavros G. Vizirgianakis
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Name: Stavros G. Vizirgianakis
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Title: President and Chief Executive Officer
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Stavros G. Vizirgianakis and Joseph P. Dwyer and each of them his or her true and lawful
attorneys-in-fact and agents, each acting alone, with full and several power of substitution, for him or her and in his or her
name, place and stead, in any and all capacities, to sign any or all amendments, including post-effective amendments, and supplements
to this registration statement, and to file the same, with all exhibits thereunto and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, 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 they or he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or his or her 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.
Name
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Capacity
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Date
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(i) Principal Executive Officer:
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/s/ Stavros G. Vizirgianakis
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President and Chief Executive Officer
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July 19, 2017
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Stavros G. Vizirgianakis
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(ii) Principal Financial and Accounting Officer:
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/s/ Joseph P. Dwyer
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Interim Chief Financial Officer
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July 19, 2017
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Joseph P. Dwyer
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(iii) A Majority of the Board of Directors:
/s/ John W. Gildea
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Director
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July 19, 2017
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John W. Gildea
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/s/ Charles Miner III
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Director
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July 19, 2017
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Charles Miner III
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/s/ Patrick A. McBrayer
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Director
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July 19, 2017
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Patrick A. McBrayer
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/s/ Thomas M. Patton
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Director
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July 19, 2017
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Thomas M. Patton
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/s/ Stavros G. Vizirgianakis
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Director
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July 19, 2017
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Stavros G. Vizirgianakis
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INDEX TO EXHIBITS
Exhibit
Number
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Description
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4.1
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Restated Certificate of Incorporation of the Company (incorporated by reference from the Company’s Registration Statement on Form S-8 filed on February 26, 2010)
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4.2
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By-Laws of the Company (incorporated by reference from the Company's Current Report on Form 8-K filed on October 3, 2014)
|
4.3
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Specimen Common Share certificate (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-1, File No. 33-43585, dated October 24, 1991)
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5.1
|
|
Opinion of Wiggin and Dana LLP (filed herewith)
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23.1
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Consent of Grant Thornton LLP (filed herewith)
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23.2
|
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Consent of Counsel (included 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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99.1
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Misonix, Inc. 2017 Equity Incentive Plan (filed herewith)
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