Securities Registration: Employee Benefit Plan (s-8)
June 01 2022 - 5:16PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission
on June 1, 2022
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933
_____________________
AUDIOEYE,
INC.
(Exact name of registrant as specified in its charter)
| Delaware |
20-2939845 |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
|
5210 E. Williams Circle, Suite 750
Tucson, Arizona |
85711 |
| (Address of Principal Executive Offices) |
(Zip Code) |
AudioEye, Inc. Employee Stock Purchase Plan
(Full title of the plan)
James Spolar, Esq.
General Counsel and Corporate Secretary
AudioEye, Inc.
5210 E. Williams Circle, Suite 750
Tucson, Arizona 85711
(866) 331-5324
(Name, address and telephone number, including
area code, of agent for service)
_____________________
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.
| Large accelerated filer |
o |
Accelerated filer |
o |
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| Non-accelerated filer |
x |
Smaller reporting company |
x |
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Emerging growth company |
o |
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. ¨
EXPLANATORY NOTE
The stockholders of AudioEye, Inc. (the “Registrant”)
approved the AudioEye, Inc. Employee Stock Purchase Plan (the “Plan”) on May 20, 2022. As provided in the Plan, 500,000 shares
of the Registrant’s common stock, $0.00001 par value per share, are available for issuance thereunder.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
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Item 1. |
Plan Information. |
Information required by Part
I of the Form S-8 will be sent or given to participants in the Plan in accordance with Rule 428(b)(1) of the Securities Act of 1933, as
amended (the “Securities Act”). Such documents are not being filed with the Securities and Exchange Commission (the “SEC”),
but constitute, along with the documents incorporated by reference into this Registration Statement, a prospectus that meets the requirements
of Section 10(a) of the Securities Act.
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Item 2. |
Registrant Information and Employee Plan Annual Information. |
We will furnish without charge
to each person to whom the prospectus is delivered, upon the written or oral request of such person, a copy of any and all of the documents
incorporated by reference in Item 3 of Part II of this Registration Statement, other than exhibits to such documents (unless such exhibits
are specifically incorporated by reference to the information that is incorporated). Those documents are incorporated by reference in
the Section 10(a) prospectus. Requests should be directed to AudioEye, Inc., 5210 E. Williams Circle, Suite 750, Tucson, Arizona 85711,
Attention: Chief Executive Officer; Telephone number (866) 331-5324.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
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Item 3. |
Incorporation of Documents by Reference. |
The following documents filed
by the Registrant with the SEC pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated
by reference into this Registration Statement (other than portions of documents filed with the SEC which are furnished, but not filed,
pursuant to applicable rules promulgated by the SEC) and made a part hereof:
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1. |
The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2021, filed on March 11, 2022; |
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2. |
The Registrant’s Quarterly Reports on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 13, 2022; |
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3. |
The portions of the Registrant’s Definitive Proxy Statement on Schedule 14A, filed on April 8, 2022, that are incorporated by reference into the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2021; |
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5. |
The description of the Registrant’s common stock contained in its Registration Statement on Form S-1 filed on September 30, 2016 and as subsequently amended (File No. 333-213916), which description is incorporated by reference into the Form 8-A filed on September 4, 2018, and any amendment or report filed for the purpose of further updating such description. |
All documents that the Registrant
files with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the filing of this registration statement
but prior to the filing of a post-effective amendment which (i) indicates that all of the shares of the Registrant’s common stock
covered by this registration statement have been sold, or which (ii) deregisters all of the shares then remaining unsold, shall be deemed
to be incorporated by reference in and to be part of this registration statement from the respective dates of filing.
Any statement in a document
incorporated or deemed to be incorporated by reference in this registration statement shall be deemed to be modified or superseded to
the extent that a statement in this registration statement, or in any document filed after the filing of this registration statement which
is deemed to be incorporated by reference in this registration statement, modifies or supersedes the earlier statement. The earlier statement
shall be deemed to be incorporated in this registration statement only as so modified or superseded.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Registrant’s bylaws
provide that, to the fullest extent permitted by the Delaware General Corporation Law as the same exists or may hereafter be amended,
the Registrant’s directors shall not be liable to the Registrant or its stockholders for monetary damages for breach of fiduciary
duty as a director. In addition, the Registrant’s bylaws provide that the Registrant may, to the fullest extent permitted by law,
indemnify any person made or threatened to be made a party to an action, suit or proceeding, whether criminal, civil, administrative or
investigative, by reason of the fact that such person is or was a director, officer or employee of the Registrant, or any predecessor
of the Registrant, or serves or served at any other enterprise as a director, officer or employee at the request of the Registrant.
The Registrant’s bylaws
provide that the Registrant shall indemnify its directors and officers to the fullest extent not prohibited by the Delaware General Corporation
Law or any other law. The Registrant is not required to indemnify any director or officer in connection with a proceeding brought by such
director or officer unless (i) such indemnification is expressly required by law; (ii) the proceeding was authorized by the
Registrant’s board of directors; or (iii) such indemnification is provided by the Registrant, in its sole discretion, pursuant
to the powers vested in the Registrant under the Delaware General Corporation Law or any other applicable law. In addition, the Registrant’s
bylaws provide that the Registrant may indemnify its employees and other agents as set forth in the Delaware General Corporation Law or
any other applicable law.
The Registrant has also entered
into separate indemnification agreements with its directors and officers that require the Registrant, among other things, to indemnify
to the fullest extent permitted by the laws of the State of Delaware and subject to certain exceptions. The Registrant is not required
to indemnify under the agreement for (i) actions initiated by the director without the authorization of consent of the board of directors;
(ii) actions initiated to enforce the indemnification agreement unless the director is successful; (iii) actions resulting from
violations of Section 16 of the Exchange Act in which a final judgment has been rendered against the director; (iv) actions for any
reimbursement of any bonus or other incentive-based or equity-based compensation or of any profits realized from the sale of securities
of the Registrant, as required in each case under the Exchange Act or applicable law; (v) actions for prohibited amounts pursuant to Section
410(a) of ERISA; and (vi) actions to enforce any non-compete or non-disclosure provisions of any agreement.
The indemnification provided
for above provides for reimbursement of all losses of the indemnified party, including expenses, judgment, fines and amounts paid in settlement.
The right to indemnification set forth above includes the right for the Registrant to pay the expenses (including attorneys’ fees)
incurred in defending any such proceeding in advance of its final disposition in certain circumstances.
The Delaware General Corporation
Law provides that indemnification is permissible only when the director, officer, employee, or agent acted in good faith and in a manner
reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding,
had no reasonable cause to believe the conduct was unlawful. The Delaware General Corporation Law also precludes indemnification in respect
of any claim, issue, or matter as to which an officer, director, employee, or agent shall have been adjudged to be liable to the corporation
unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought
shall determine that, despite such adjudication of liability, but in view of all the circumstances of the case, such person is fairly
and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court deems proper.
The Registrant maintains insurance
policies that provide coverage to its directors, officers, employees or agents against certain liabilities.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
| Exhibit No. |
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Description |
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| 4.1 |
|
Certificate of Incorporation of AudioEye, Inc., dated as of May 20, 2005 (1) |
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| 4.2 |
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Certificate of Amendment of the Certificate of Incorporation of AudioEye, Inc., dated as of February 12, 2010 (2) |
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| 4.3 |
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Certificate of Amendment of the Certificate of Incorporation of AudioEye, Inc., dated as of August 16, 2012 (3) |
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| 4.4 |
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Certificate of Amendment of the Certificate of Incorporation of AudioEye, Inc., dated as of March 26, 2014 (4) |
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| 4.5 |
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Certificate of Amendment of the Certificate of Incorporation of AudioEye, Inc., dated as of August 1, 2018 (5) |
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| 4.6 |
|
Certificate of Designations - Series A Convertible Preferred Stock (6) |
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| 4.7 |
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Certificate of Correction to the Certificate of Validation relating to the Series A Convertible Preferred Stock (7) |
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| 4.8 |
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Amended and Restated ByLaws as of August 13, 2020 (8) |
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| 5.1 |
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Opinion of Faegre Drinker Biddle & Reath LLP |
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| 23.1 |
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Consent of MaloneBailey, LLP |
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| 23.2 |
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Consent of Faegre Drinker Biddle & Reath LLP (included in Exhibit 5.1) |
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| 24.1 |
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Power of Attorney (set forth on signature page hereto) |
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| 99.1 |
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AudioEye, Inc. Employee Stock Purchase Plan (9) |
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| 107 |
|
Filing Fee Table |
| (1) |
Incorporated by reference to Exhibit 3.1 to the Registrant’s Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 21, 2011. |
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| (2) |
Incorporated by reference to Exhibit 3.2 to the Registrant’s Form S-1, filed with the SEC on October 21, 2011 |
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| (3) |
Incorporated by reference to Exhibit 3.3 to the Registrant’s Form S-1/A, filed with the SEC on October 1, 2012. |
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| (4) |
Incorporated by reference to Exhibit 3.4 to the Registrant’s Form 10-K, filed with the SEC on March 31, 2014. |
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| (5) |
Incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K, filed with the SEC on August 7, 2018. |
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| (6) |
Incorporated by reference to Exhibit 3.6 to the Registrant’s Form 10-K, filed with the SEC on March 30, 2020. |
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| (7) |
Incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-K, filed with the SEC on June 25, 2021. |
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| (8) |
Incorporated by reference to Exhibit 3.1 to the
Registrant’s Form 8-K/A, filed with the SEC on September 24, 2020.
|
| (9) |
Incorporated by reference to Exhibit 10.2
to the Registrant’s Form 8-K filed with the SEC on May 24, 2022. |
Item 9. Undertakings.
(a) The undersigned Registrant
hereby undertakes:
(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;
(ii) To
reflect in the prospectus any facts or events arising after the effective date of this 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 this 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 SEC 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; and
(iii) To
include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
material change to such information in this 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 SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
that are incorporated by reference in this 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 therein, 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.
(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 therein, 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 SEC 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 Tucson, State of Arizona, on June 1, 2022.
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AUDIOEYE, INC. |
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By: |
/s/ David Moradi |
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David Moradi |
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Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints David Moradi, the undersigned’s true lawful attorney-in-fact, as agent
with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacity, to sign any and
all amendments to this Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto such attorney-in-fact and agent 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 and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that 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 of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
| Signature |
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Title |
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Date |
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| /s/ Dr. Carr Bettis |
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| Dr. Carr Bettis |
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Executive Chairman, Director |
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June 1, 2022 |
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| /s/ David Moradi |
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| David Moradi |
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Chief Executive Officer |
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June 1, 2022 |
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(Principal Executive Officer) and Director |
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| /s/ Kelly Georgevich |
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| Kelly Georgevich |
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Chief Financial Officer
(Principal Financial Officer and Principal Accounting
Officer) |
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June 1, 2022 |
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| /s/ Anthony Coelho |
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| Anthony Coelho |
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Director |
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June 1, 2022 |
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| /s/ Jamil Tahir |
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| Jamil Tahir |
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Director |
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June 1, 2022 |
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| /s/ Marc Lehmann |
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| Marc Lehmann |
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Director |
|
June 1, 2022 |
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