Securities Registration: Employee Benefit Plan (s-8)
August 24 2017 - 4:29PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on
August 24, 2017, 2017
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Registration No.
__________________________
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________
Sphere 3D Corp.
(Exact
Name of Registrant as Specified in Its Charter)
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Ontario, Canada
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98-1220792
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(State or Other Jurisdiction of
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(I.R.S. Employer
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Incorporation or Organization)
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Identification No.)
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240 Matheson Blvd. East
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Mississauga, Ontario L4Z 1X1
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(Address, Including Zip Code, of Principal Executive
Offices)
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_____________________________________________________________
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Sphere 3D Corp. 2015 Performance Incentive Plan
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(Full Title of the Plan)
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_____________________________________________________________
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Eric L. Kelly
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Chief Executive Officer
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9112 Spectrum Center Boulevard
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San Diego, California 92123
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(858) 571-5555
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(Name, Address and Telephone Number, Including Area Code,
of Agent for Service)
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COPY TO:
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Warren T. Lazarow, Esq.
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Paul Sieben, Esq.
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OMelveny & Myers LLP
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2765 Sand Hill Road
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Menlo Park, California 94025
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(650) 473-2600
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_____________________________________________________________
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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 [ ]
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Non-accelerated filer [ ] (Do not check if a smaller
reporting company)
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Smaller reporting company [ ]
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Emerging growth company [ x ]
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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
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Proposed
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Proposed
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Maximum
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Maximum
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Title of
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Amount
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Offering
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Aggregate
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Amount Of
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Securities
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To Be
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Price
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Offering
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Registration
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To Be Registered
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Registered
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Per
Share
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Price
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Fee
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Common Shares, no
par value per share,
issuable
pursuant to
awards granted under
the Sphere 3D Corp.
2015
Performance
Incentive Plan
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420,300
(1)
shares
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$
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3.75
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(2)
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$
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1,576,125
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(2)
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$
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183
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(1)
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This Registration Statement covers, in addition to the
number of common shares, no par value per share (the Common Shares) of
Sphere 3D Corp., a corporation incorporated under the laws of the Province
of Ontario (the Company or the Registrant), stated above, options and
other rights to purchase or acquire Common Shares covered by this
Registration Statement and, pursuant to Rule 416 under the Securities Act
of 1933, as amended (the Securities Act), an additional indeterminate
number of shares, options and rights that may be offered or issued
pursuant to the Sphere 3D Corp. 2015 Performance Incentive Plan (the
Plan) as a result of one or more adjustments under the Plan to prevent
dilution resulting from one or more stock splits, stock dividends or
similar transactions.
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(2)
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Estimated solely for the purpose of calculating the
registration fee in accordance with Rule 457(h) and 457(c) under the
Securities Act, based upon the average of the high and low prices of the
Common Shares on August 22, 2017 (which is within five business days prior
to the date of this filing), as quoted on the Nasdaq Global Select Market.
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The
Exhibit Index for this Registration Statement is at page 8.
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EXPLANATORY NOTE
This Registration Statement is
filed by the Company to register additional securities issuable pursuant to the
Plan and consists of only those items required by General Instruction E to Form
S-8.
__________________________
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The document(s) containing the
information specified in Part I of Form S-8 will be sent or given to
participants as specified by Securities Act Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3.
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Incorporation of Certain Documents by
Reference
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The following documents of the
Company filed with the Securities and Exchange Commission (the Commission) are
incorporated herein by reference:
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(a)
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The Registrants Registration Statements on Form S-8,
filed with the Commission on June 25, 2015 (Commission File No.
333-205236), November 15, 2016 (Commission File No. 333-214605) and
February 24, 2017 (Commission File No. 333-216209);
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(b)
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The Registrants Annual Report on Form 20-F (File No.
001-36532) for its fiscal year ended December 31, 2016, filed with the
Commission on March 31, 2017 (the Form 20-F), which includes the audited
consolidated balance sheets of the Registrant and subsidiaries as of
December 31, 2016 and 2015, and the related audited consolidated
statements of operations, equity and comprehensive income (loss), and cash
flows for each of the years in the three-year period ended December 31,
2016;
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(c)
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The description of the Registrants common shares
contained in its Registration Statement on Form 8-A (File No. 001-36532)
filed with the Commission on July 7, 2014 pursuant to Section 12 of the
Securities Exchange Act of 1934, as amended (the Exchange Act), and any
other amendment or report filed for the purpose of updating such
description;
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(d)
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The consolidated audited balance sheets of Overland
Storage, Inc. and subsidiaries as of June 30, 2014 and 2013, and the
related audited consolidated statements of operations, equity and
comprehensive income (loss), and cash flows for the fiscal years ended
June 30, 2014 and 2013; the unaudited pro forma condensed combined
financial information of the Registrant, the Overland companies and the
Tandberg companies giving effect to the acquisition of the Overland
companies and derived from the historical consolidated financial
statements and notes thereto of such companies; the description of the
terms of the Registrants merger with Overland Storage, Inc., together
with Annex A; and the description of the rights of the Registrants
shareholders contained in the Registrants Registration Statement on Form
F-4 (File No. 333- 197569) filed with the SEC on July 23, 2014, as
subsequently amended; and
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(e)
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All other reports filed by the Registrant pursuant to
Section 13(a) or 15(d) of the Exchange Act since December 31,
2016.
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All documents subsequently filed
by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934, as amended (the Exchange Act), and all Reports of
Foreign Private Issuer on Form 6-K (or portions thereof) subsequently furnished
to the Commission that are identified in such form as being incorporated by
reference into this Registration Statement prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have
been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into
this Registration Statement and to be a part hereof from the date of filing of
such documents; provided, however, that unless otherwise identified, documents
or information deemed to have been furnished and not filed in accordance with
Commission rules shall not be deemed incorporated by reference into this
Registration Statement. Any statement contained herein or in a document, all or
a portion of which is incorporated or deemed to be incorporated by reference
herein, shall be deemed to be modified or superseded for 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 such statement so
modified or superseded shall not be deemed, except as so modified or amended, to
constitute a part of this Registration Statement.
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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Under the Business Corporations
Act (Ontario), the Company may indemnify a director or officer, a former
director or officer or another individual who acts or acted at the Companys
request as a director or officer, or an individual acting in a similar capacity,
of another entity, against all costs, charges and expenses, including an amount
paid to settle an action or satisfy a judgment, reasonably incurred by the
individual in respect of any civil, criminal, administrative, investigative or
other proceeding in which the individual is involved because of that association
with the Company or another entity on condition that (i) the individual acted
honestly and in good faith with a view to the Companys best interests or, as
the case may be, to the best interests of the other entity for which the
individual acted as a director or officer or in a similar capacity at the
Companys request, and (ii) in the case of a criminal or administrative action
or proceeding that is enforced by a monetary penalty, the individual also had
reasonable grounds for believing that his or her conduct was lawful. Further,
the Company may, with court approval, indemnify an individual described above in
respect of an action by or on the Companys behalf or other entity to obtain a
judgment in its favor, to which the individual is made a party because of the
individuals association with the Company or another entity, against all costs,
charges and expenses reasonably incurred by the individual in connection with
such action if the individual fulfills condition (i) above. An individual as
described above is entitled as a matter of right to indemnification from the
Company in respect of all costs, charges and expenses reasonably incurred by
such individual in connection with the defense of any civil, criminal,
administrative, investigative or other proceedings to which such individual is
subject if he or she was not judged by a court or other competent authority to
have committed any fault or omitted to do anything that he or she ought to have
done, and has fulfilled conditions (i) and (ii) above.
In accordance with the Business
Corporations Act (Ontario), the Company has agreed to indemnify each of the
Companys directors and officers against all costs, charges and expenses,
including an amount paid to settle an action or satisfy a judgment, reasonably
incurred by such individual in respect of any civil, criminal, administrative
action or proceeding in which such individual is involved by reason of his or
her association with the Company or another entity if such individual acted
honestly and in good faith with a view to the best interests of the Company or
such other entity, and such individual had reasonable grounds for believing that
his or her conduct was lawful.
The Company maintains a policy of
directors and officers liability insurance, which insures directors and
officers for losses as a result of claims against the Companys directors and
officers in their capacity as directors and officers and also reimburses the
Company for payments made pursuant to the indemnity provisions under the
Companys bylaws and the Business Corporations Act (Ontario).
See the attached Exhibit Index at page
8, which is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of
the Securities Act, 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 Form S-8 Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of San Jose, State of
California, on August 24, 2017.
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SPHERE 3D CORP.
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By:
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/s/
Eric Kelly
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Eric Kelly
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Chief Executive Officer
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5
POWER OF ATTORNEY
Each person whose signature
appears below constitutes and appoints Eric Kelly and Peter Tassiopoulos, or
either one or both of them, as his or her true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, for him or her and
in his or her name, place, and stead, in any and all capacities, to sign any and
all amendments (including post-effective amendments, exhibits thereto and other
documents in connection therewith) to this Registration Statement, and to file
the same, with all exhibits thereto, and other documents in connection
therewith, with the 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 he or she might or could do in person, hereby
ratifying and confirming all that each of said attorneys-in-fact and agents, or
his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of
the Securities Act, this Registration Statement has been signed below by the
following persons in the capacities and on the dates indicated.
Signature
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Title
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Date
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/s/
Eric Kelly
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Chairman of the Board and Chief
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August 24, 2017
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Eric Kelly
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Executive Officer
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(Principal Executive Officer)
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/s/ Kurt Kalbfleisch
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Chief Financial Officer
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August 24, 2017
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Kurt Kalbfleisch
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(Principal Financial and Accounting Officer)
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/s/
Cheemin Bo-Linn
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Director
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August 24, 2017
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Cheemin Bo-Linn
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/s/
Vivekanand Mahadevan
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Director
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August 24, 2017
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Vivekanand Mahadevan
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/s/
Duncan McEwan
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Director
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August 24, 2017
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Duncan McEwan
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/s/
Peter Tassiopoulos
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Director
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August 24, 2017
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Peter Tassiopoulos
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6
SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED
STATES
Pursuant to the requirements of
the Securities Act, the undersigned, the duly authorized representative in the
United States of the Registrant, has signed this registration statement in the
City of San Jose, State of California on August 24, 2017.
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AUTHORIZED U.S.
REPRESENTATIVE
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By:
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/s/
Eric Kelly
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Eric Kelly
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Chairman of the Board and Chief Executive
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Officer
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