Securities Registration: Employee Benefit Plan (s-8)
March 31 2017 - 4:20PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on March 31, 2017
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
S-8
REGISTRATION STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
Kirklands, Inc.
(Exact name of registrant as specified in its charter)
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Tennessee
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62-1287151
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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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5310 Maryland Way
Brentwood, Tennessee 37027
(Address, including zip code, of principal executive offices)
2002 Employee Stock Purchase Plan, as amended and restated
(Full title of plan)
Carter Todd
Vice
President, General Counsel and Corporate Secretary
5310 Maryland Way
Brentwood, Tennessee 37027
(615)
660-1300
(Name, address and telephone number, including area code, of agent for service)
Copies to:
Mitch Walker, Esq.
Bass, Berry & Sims PLC
150 Third Avenue South, Suite 2800
Nashville, Tennessee 37201
(615)
742-6200
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.
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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 Securities
to be Registered
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Amount
to be
Registered
(1)(2)
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Proposed
Maximum
Offering
Price
Per Share (3)
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Proposed
Maximum
Aggregate
Offering Price
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Amount of
Registration Fee
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Common Stock, no par value per share
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160,000
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$11.84
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$1,894,400.00
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$219.56
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(1)
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Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this registration statement also covers an indeterminate number of additional shares which may be offered and issued
under the 2002 Employee Stock Purchase Plan, as amended and restated (the ESPP) to prevent dilution resulting from stock splits, stock dividends or similar transactions.
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(2)
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Represents 125,000 additional shares of common stock available for issuance as a result of a 2016 amendment to the Plan and 35,000 additional shares of common stock available for issuance as a result of the annual
evergreen increase for 2017 pursuant to the ESPP.
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(3)
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Estimated in accordance with Rule 457(h)(1) and (c) under the Securities Act of 1933 solely for the purposes of calculating the registration fee, based on the average of the high and low prices of the
Registrants common stock reported on March 27, 2017, as reported by The Nasdaq Stock Market.
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EXPLANATORY NOTE
Registration of Additional Securities
This Registration Statement on Form
S-8
(this Registration Statement) is filed pursuant to
General Instruction E of Form
S-8
for the purpose of registering 160,000
additional shares of Common Stock, issuable pursuant to the Kirklands, Inc. 2002 Employee Stock Purchase Plan, as amended
and restated (the ESPP). The Registrants previously filed Registration Statement on Form
S-8
(File
No. 333-100157),
as filed with the Securities
and Exchange Commission on September 27, 2002, is hereby incorporated herein by reference.
The ESPP was amended, effective
June 1, 2016, to reserve 125,000 additional shares of Common Stock for issuance under the ESPP and to add an evergreen provision as described below.
The ESPP includes an evergreen provision that provides that the total number of shares reserved for issuance under the ESPP will be increased
on January 1 of each calendar year for a period of up to ten years, commencing on January 1, 2017 and ending on (and including) January 1, 2026, in an amount equal to the lesser of (i) .5% of the total number of shares of Common Stock
of the Company outstanding on December 31st of the preceding calendar year, and (ii) 35,000 shares of Common Stock; provided that, notwithstanding the foregoing, the Compensation Committee of the Companys Board of Directors may determine prior
to any January 1 annual increase that there will be no such increase for such year, or that the annual increase shall be a lesser number of shares of Common Stock than would otherwise occur pursuant to the evergreen provision of the ESPP.
Item 8. Exhibits.
The exhibits to
this Registration Statement are listed in the Exhibit Index that immediately precedes such exhibits and is incorporated herein by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company 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
to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Brentwood, State of Tennessee, on this 31st day of March 2017.
Kirklands, Inc.
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By:
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/s/ Carter Todd
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Name:
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Carter Todd
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Title:
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Vice President, General Counsel and Corporate Secretary
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Carter Todd, as his or her
true and lawful
attorney-in-fact
and agent, with full power of substitution and
re-substitution,
for him or her and in his or her
name, place and stead, in any and all capacities, in connection with this registration statement, including to sign and file in the name and on behalf of the undersigned as director or officer of the registrant any and all amendments or supplements
(including any and all stickers and post-effective amendments) to this registration statement, with all exhibits thereto, and other documents in connection therewith with the Securities and Exchange Commission and any applicable securities exchange
or securities self-regulatory body, granting unto said
attorney-in-fact
and agent, with full power and authority to do and perform each and every act and things
requisite or 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 said
attorney-in-fact
and agents, or any 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 below by the following persons in the
capacities and on the dates indicated.
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Signature
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Capacity
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Date
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/s/ W. Michael Madden
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President and Chief Executive Officer
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March 31, 2017
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W. Michael Madden
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(Principal Executive Officer)
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/s/ Adam C. Holland
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Vice President and Chief Financial Officer
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March 31, 2017
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Adam C. Holland
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(Principal Financial and Accounting Officer)
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/s/ R. Wilson Orr, III
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Director
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March 31, 2017
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R. Wilson Orr, III
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/s/ Miles T. Kirkland
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Director
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March 31, 2017
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Miles T. Kirkland
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/s/ Steven J. Collins
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Director
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March 31, 2017
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Steven J. Collins
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/s/ Carl Kirkland
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Director
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March 31, 2017
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Carl Kirkland
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/s/ Jeffery C. Owen
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Director
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March 31, 2017
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Jeffery C. Owen
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/s/ Susan S. Lanigan
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Director
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March 31, 2017
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Susan S. Lanigan
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/s/ Charlie Pleas, III
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Director
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March 31, 2017
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Charlie Pleas, III
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EXHIBIT INDEX
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4.1
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2002 Employee Stock Purchase Plan of Kirklands, Inc., as amended and restated, dated June 1, 2016 (incorporated herein by reference to Exhibit 10.13 of the Companys Annual Report on Form
10-K
for the year ended January 28, 2017).
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5.1
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Opinion of Bass, Berry & Sims PLC*
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23.1
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Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1 hereto)*
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23.2
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Consent of Ernst & Young LLP*
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24.1
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Power of Attorney (included on signature page of this registration statement)*
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