As filed with the Securities and Exchange Commission on June 29, 2023

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

 

 

SecureWorks Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   27-0463349

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

One Concourse Parkway NE, Suite 500

Atlanta, Georgia

  30328
(Address of Principal Executive Offices)   (Zip Code)

 

 

SecureWorks Corp. 2016 Long-Term Incentive Plan

(Full title of the plan)

 

 

Wendy K. Thomas

Chief Executive Officer

SecureWorks Corp.

One Concourse Parkway NE, Suite 500

Atlanta, Georgia 30328

(Name and address of agent for service)

(404) 327-6339

(Telephone number, including area code, of agent for service)

 

 

Copies to:

 

George B. Hanna

Senior Vice President, Chief Legal &
Administrative Officer and Corporate Secretary

SecureWorks Corp.

One Concourse Parkway NE, Suite 500
Atlanta, Georgia 30328

(404) 327-6339

 

Kevin K. Greenslade

Hogan Lovells US LLP

8350 Broad Street, 17th Floor

Tysons, Virginia 22102

(703) 610-6100

 

 

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      Accelerated filer  
Non-accelerated filer      Smaller reporting company  
     Emerging growth company  

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

In accordance with General Instruction E to Form S-8, this registration statement incorporates by reference the contents of Registration Statement No. 333-210866 on Form S-8 filed by SecureWorks Corp. (the “Company”) on April 22, 2016, Registration Statement No. 333-225925 on Form S-8 filed by the Company on June 27, 2018, Registration Statement No. 333-237531 on Form S-8 filed by the Company on April 1, 2020 and Registration Statement No. 333-257299 on Form S-8 filed by the Company on June 22, 2021 relating to shares of Class A common stock, par value $0.01 per share (“Class A common stock”), issuable pursuant to the SecureWorks Corp. 2016 Long-Term Incentive Plan (as amended and restated, the “Plan”). This registration statement, which is being filed to register an additional 7,500,000 shares of Class A common stock made available for issuance pursuant to the Plan, consists of the facing page, this page, other required information, required opinions, consents and other exhibits, and the signature page.

 

i


Part II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The Company incorporates by reference herein the following documents filed by it with the Securities and Exchange Commission (the “SEC”) under Commission File Number 001-37748 pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than any portion of such documents or information therein deemed to have been furnished and not filed in accordance with SEC rules:

 

  (1)

the Company’s Annual Report on Form 10-K for the fiscal year ended February  3, 2023 (including those portions of the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on May 17, 2023 that are incorporated by reference into Part III of such Annual Report on Form 10-K);

 

  (2)

the Company’s Quarterly Report on Form 10-Q for the quarterly period ended May 5, 2023, filed with the SEC on June 8, 2023;

 

  (3)

the Company’s Current Reports on Form 8-K filed with the SEC on February 7, 2023, April  27, 2023 and June 27, 2023; and

 

  (4)

the description of the Company’s Class  A common stock, par value $0.01 per share, set forth in Exhibit 4.2 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, including any amendment or report filed for the purpose of updating such description.

In addition, all documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (other than, in each case, documents or information therein deemed to have been furnished and not filed in accordance with SEC rules, unless specifically incorporated by reference into this registration statement) subsequent to the date hereof 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 herein. All such incorporated documents shall be deemed to be a part of this registration statement from the dates of filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference into this registration statement shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in this registration statement or in any other subsequently filed document which also is or is deemed to be incorporated into this registration statement modifies or supersedes that 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.

 

1


Item 8. Exhibits.

The Company herewith files or incorporates by reference the exhibits identified below:

 

Exhibit
No.

  

Description

    4.1    Restated Certificate of Incorporation of SecureWorks Corp. (the “Company”) (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission (the “SEC”) on April 22, 2016) (Registration No. 333-210866).
    4.2    Amended and Restated Bylaws of SecureWorks Corp. (incorporated by reference to Exhibit 4.2 to the Company’s Registration Statement on Form S-8 filed with the SEC on April 22, 2016) (Registration No. 333-210866).
    4.3    Specimen Certificate of Class  A Common Stock, par value $0.01 per share, of the Company (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-1 filed with the SEC on December  17, 2015) (Registration No. 333-208596).
    4.4    SecureWorks Corp. 2016 Long-Term Incentive Plan, as amended and restated as of June  27, 2023 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on June 27, 2023) (Commission File No.  001-37748).
    5.1*    Opinion of Hogan Lovells US LLP regarding the validity of the securities being registered.
  23.1*    Consent of Hogan Lovells US LLP (included in Exhibit 5.1).
  23.2*    Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm.
     24*    Power of Attorney (included on the signature page of this registration statement).
   107*    Calculation of Filing Fee Tables.

 

*

Filed herewith.

 

2


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 of 1933;

(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 20% 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 that are incorporated by reference in the registration statement.

(2) That, for the purpose of determining any liability under the Securities Act of 1933, 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 of 1933, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) 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.

(h) Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 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 Act and will be governed by the final adjudication of such issue.

 

3


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 Atlanta, State of Georgia, on June 29, 2023.

 

SecureWorks Corp.

(Registrant)

By:   /s/ Wendy K. Thomas
Name:   Wendy K. Thomas
Title:  

Chief Executive Officer

(Duly Authorized Officer)

POWER OF ATTORNEY

Each person whose signature appears below constitutes and appoints Wendy K. Thomas and George B. Hanna, and each of them, as such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, from such person and in each person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement or any registration statement relating to this registration statement pursuant to Rule 462 under the Securities Act of 1933 and to file the same, with all exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto such 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 connection therewith as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that such attorneys-in-fact and agents or any of them, or his 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 dates indicated.

 

Signature

  

Title

 

Date

/s/ Wendy K. Thomas

Wendy K. Thomas

  

Chief Executive Officer and Director

(Principal Executive Officer)

  June 29, 2023

/s/ Alpana Wegner

Alpana Wegner

  

Senior Vice President, Chief Financial Officer

(Principal Financial Officer)

  June 29, 2023

/s/ Christian Grant

Christian Grant

  

Vice President, Chief Accounting Officer

(Principal Accounting Officer)

  June 29, 2023

/s/ Michael S. Dell

Michael S. Dell

  

Chairman of the Board of Directors

  June 29, 2023

/s/ Pamela Daley

Pamela Daley

  

Director

  June 29, 2023

/s/ Mark J. Hawkins

Mark J. Hawkins

  

Director

  June 29, 2023

/s/ Yagyensh C. Pati

Yagyensh C. Pati

   Director   June 29, 2023

/s/ Kyle Paster

Kyle Paster

   Director   June 29, 2023

 

4

Exhibit 5.1

[Letterhead of Hogan Lovells US LLP]

June 29, 2023

Board of Directors

SecureWorks Corp.

One Concourse Parkway NE

Suite 500

Atlanta, Georgia 30328

Dear Board of Directors:

We are acting as counsel to SecureWorks Corp., a Delaware corporation (the “Company”), in connection with its registration statement on Form S-8 (the “Registration Statement”), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), relating to the proposed offering of up to 7,500,000 shares of Class A common stock, par value $0.01 per share, of the Company (the “Shares”), all of which Shares are issuable pursuant to the SecureWorks Corp. 2016 Long-Term Incentive Plan, as amended and restated as of June 27, 2023 (the “Plan”). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. § 229.601(b)(5), in connection with the Registration Statement.

For purposes of this opinion letter, we have examined copies of such agreements, instruments and documents as we have deemed an appropriate basis on which to render the opinions hereinafter expressed. In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of all documents submitted to us as copies (including PDFs). As to all matters of fact, we have relied on the representations and statements of fact made in the documents so reviewed, and we have not independently established the facts so relied on. This opinion letter is given, and all statements herein are made, in the context of the foregoing.

This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended. We express no opinion herein as to any other statutes, rules or regulations.

Based upon, subject to and limited by the foregoing, we are of the opinion that following (i) effectiveness of the Registration Statement, (ii) issuance of the Shares pursuant to the terms of the Plan and (iii) receipt by the Company of the consideration for the Shares specified in the applicable resolutions of the Board of Directors or a duly authorized committee thereof and in the Plan, the Shares that constitute original issuances by the Company will be validly issued, fully paid and non-assessable.

This opinion letter has been prepared for use in connection with the Registration Statement. We assume no obligation to advise of any changes in the foregoing subsequent to the effective date of the Registration Statement.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are an “expert” within the meaning of the Securities Act.

 

Very truly yours,
/s/ Hogan Lovells US LLP
HOGAN LOVELLS US LLP

Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of SecureWorks Corp. of our report dated March 23, 2023 relating to the financial statements, financial statement schedule, and the effectiveness of internal control over financial reporting, which appears in SecureWorks Corp.’s Annual Report on Form 10-K for the year ended February 3, 2023.

 

/s/ PricewaterhouseCoopers LLP
Atlanta, Georgia
June 29, 2023

Exhibit 107

Calculation of Filing Fee Tables

Form S-8

(Form Type)

SecureWorks Corp.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

 

               
Security Type  

Security
Class

Title

  Fee
Calculation
Rule
  Amount
Registered (1)
  Proposed
Maximum
Offering
Price Per
Unit (2)
 

Maximum

Aggregate

Offering

Price (2)

 

Fee

Rate

  Amount of
Registration
Fee
               
Equity   Class A Common Stock, par value $0.01 per share   Other (2)   7,500,000   $7.17   $53,775,000   $0.0001102   $5,927
         

Total Offering Amounts

    $53,775,000     $5,927
         
Total Fee Offsets        
         
Net Fee Due               $5,927

 

(1)

This registration statement covers the issuance of 7,500,000 shares of Class A common stock of SecureWorks Corp. (the “Company”), par value $0.01 per share (“Class A Common Stock”), to be issued under the SecureWorks Corp. 2016 Long-Term Incentive Plan (as amended and restated, the “Plan”). Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers an indeterminate number of additional shares of Class A Common Stock which, by reason of changes in the capitalization of the Company and other events specified in the Plan, may become subject to the Plan.

(2)

Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act, solely for purposes of calculating the registration fee, based on the average of the high and low prices per share of the Class A Common Stock on June 23, 2023, as reported on the Nasdaq Global Select Market.


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