Securities Registration: Employee Benefit Plan (s-8)
September 08 2017 - 5:05PM
Edgar (US Regulatory)
As filed with the United States Securities
and Exchange Commission on September 8, 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
SYNTHETIC BIOLOGICS, INC.
(Exact name of registrant as specified in
its charter)
Nevada
|
|
13-3808303
|
(State or other jurisdiction of
|
|
(IRS Employer
|
incorporation or organization)
|
|
Identification No.)
|
9605 Medical Center Drive, Suite 270
Rockville, Maryland 20850
(Address, of principal executive offices)
Synthetic Biologics, Inc. 2010 Incentive
Stock Plan
(Full title of the plan)
Jeffrey Riley
Chief Executive Officer
9605 Medical Center Drive, Suite 270
Rockville, Maryland 20850
(Name and address of agent for service)
(301) 417-4364
(Telephone number, including area code,
of agent for service)
Copy to:
Leslie Marlow, Esq.
Gracin & Marlow, LLP
The Chrysler Building
405 Lexington Avenue, 26
th
Floor
New York, New York 10174
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
x
|
Non-accelerated filer
¨
(Do not check if a smaller reporting company)
|
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.
¨
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered (1)
|
|
Amount to be
Registered (2)
|
|
|
Proposed
maximum
offering price
per share (3)
|
|
|
Proposed
maximum
aggregate
offering price (1)
|
|
|
Amount of
registration fee (4)
|
|
Common Stock, par value $0.001 per share
|
|
|
3,500,000
|
|
|
$
|
0.72
|
|
|
$
|
2,520,000
|
|
|
$
|
292.10
|
|
(1)
|
The securities to be registered include options and rights to acquire the common stock of Synthetic Biologics, Inc.
|
(2)
|
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction.
|
(3)
|
Estimated pursuant to Rule 457(c) and 457(h) of the Securities Act solely for purposes of calculating the registration fee. The price for the shares under the plan is based upon the average of the high and low sale prices of the Common Stock on September 7, 2017, as reported by the NYSE MKT.
|
(4)
|
Calculated pursuant to Section 6(b) of the Securities Act as .0001159 of the proposed maximum aggregate offering price.
|
Explanatory Note
The Registrant filed
with the Securities and Exchange Commission (the “SEC”) its Registration Statement on Form S-8 (Registration No. 333-170858)
on November 29, 2010 (the “2010 Registration Statement”) pursuant to and in accordance with the requirements of General
Instruction E to Form S-8 for the purpose of registering under the Securities Act of 1933, as amended (the “Securities Act”),
3,000,000 shares of the Registrant’s common stock, par value $0.001 per share (the “Common Stock”), to be offered
and sold under the Registrant’s 2010 Stock Incentive Plan (the “2010 Plan”). Pursuant to General Instruction
E to Form S-8, the contents of the 2010 Registration Statement are incorporated into this Registration Statement by reference.
The Registrant filed
with the SEC its Registration Statement on Form S-8 (Registration No. 333-192355) on November 15, 2013 (the “2013 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering
under the Securities Act an additional 3,000,000 shares of Common Stock to be offered and sold under the Registrant’s 2010
Plan. Pursuant to General Instruction E to Form S-8, the contents of the 2013 Registration Statement are incorporated
into this Registration Statement by reference.
The Registrant also
filed with the SEC its Registration Statement on Form S-8 (Registration No. 333-206268) on August 10, 2015 (the “2015 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering
under the Securities Act an additional 2,000,000 shares of Common Stock to be offered and sold under the Registrant’s 2010
Plan. Pursuant to General Instruction E to Form S-8, the contents of the 2015 Registration Statement are incorporated
into this Registration Statement by reference.
The Registrant also
filed with the SEC its Registration Statement on Form S-8 (Registration No. 333-206268) on August 26, 2016 (the “2016 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering
under the Securities Act an additional 6,000,000 shares of Common Stock to be offered and sold under the Registrant’s 2010
Plan. Pursuant to General Instruction E to Form S-8, the contents of the 2016 Registration Statement are incorporated
into this Registration Statement by reference.
This Registration Statement
on Form S-8 has been prepared and filed pursuant to and in accordance with the requirements of General Instruction E to Form S-8
for the purpose of registering under the Securities Act 3,500,000 additional shares of Common Stock to be offered and sold under
the 2010 Plan. These shares represented 3,500,000 shares of Common Stock that were added to the 2010 Plan as of September
7, 2017 by vote of the Registrant’s stockholders at the Registrant’s 2017 Annual Meeting of Stockholders and, in accordance
with the terms of the 2010 Plan, are to be assigned to and made available for grant under the 2010 Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
|
Item
3.
|
Incorporation
of Documents By Reference
.
|
The Company has filed
the documents listed below with the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and these documents are incorporated into this registration statement by reference:
|
·
|
Our
Annual Report on Form 10-K for the fiscal year ended December 31, 2016 filed with the SEC on March 2, 2017 (File No. 001-12584);
|
|
·
|
Our Quarterly Report on Form 10-Q for the quarters
ended March 31, 2017 and June 30, 2017 filed with the SEC on May 4, 2017 and August 3, 2017, respectively (File No. 001-12584);
|
|
·
|
Our
Current Reports on Form 8-K filed with the SEC on January 5, 2017, January 18, 2017, January 19, 2017, February 3, 2017, May 4,
2017, May 15, 2017, June 2, 2017, June 27, 2017, September 7, 2017 and September 8, 2017 (File No. 001-12584); and
|
|
·
|
The
description of our common stock set forth in our registration statement on Form 8-A12B, filed with the SEC on June 20, 2007
(File No. 000-12584).
|
All documents filed
by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date hereof and 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 in this registration statement and to be
a part hereof from the date of filing of such documents.
|
Item
4.
|
Description
of Securities
.
|
Not Applicable
|
Item
5.
|
Interests
of Named Experts and Counsel
.
|
Not applicable.
|
Item
6.
|
Indemnification
of Directors and Officers
.
|
Section 78.138 of the
Nevada Revised Statutes provides that a director or officer is not individually liable to the Registrant or its stockholders or
creditors for any damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven
that (1) his act or failure to act constituted a breach of his fiduciary duties as a director or officer and (2) his breach of
those duties involved intentional misconduct, fraud or a knowing violation of law.
This provision is intended
to afford directors and officers protection against and to limit their potential liability for monetary damages resulting from
suits alleging a breach of the duty of care by a director or officer. As a consequence of this provision, the Registrant’s
stockholders will be unable to recover monetary damages against directors or officers for action taken by them that may constitute
negligence or gross negligence in performance of their duties unless such conduct falls within one of the foregoing exceptions.
The provision, however, does not alter the applicable standards governing a director’s or officer’s fiduciary duty
and does not eliminate or limit the right of the Registrant or any of its stockholders to obtain an injunction or any other type
of non-monetary relief in the event of a breach of fiduciary duty.
The Registrant’s
Articles of Incorporation, as amended, and amended and restated bylaws provide for indemnification of directors, officers, employees
or agents of the Registrant to the fullest extent permitted by Nevada law (as amended from time to time). Section 78.7502
of the Nevada Revised Statutes provides that such indemnification may only be provided if the person acted in good faith and in
a manner he reasonably believed to be in, or not opposed to, the best interest of the Registrant and, with respect to any criminal
action or proceeding, had no reasonable cause to believe his conduct was unlawful.
|
Item
7.
|
Exemption
from Registration Claimed
.
|
Not applicable.
*
Filed Herewith
|
(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 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 this
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 this registration statement;
Provided, however,
that paragraphs
(a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8 and the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the
Securities Exchange Commission by the Registrant pursuant to Section 13 or Section 15(d) of 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 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 this 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.
(5) Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to
existing provisions or arrangements whereby the Registrant may indemnify a trustee, officer or controlling person of the Registrant
against liabilities arising under the Securities Act, 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 trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such trustee, 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.
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 Rockville and State of Maryland, on the 8
th
day of September, 2017.
|
SYNTHETIC BIOLOGICS, INC.
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jeffrey Riley
|
|
|
|
Jeffrey Riley
Chief Executive Officer,
|
|
|
|
President and Director
|
|
|
|
(Principal Executive Officer)
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Steven A. Shallcross
|
|
|
|
Steven A. Shallcross
Chief Financial Officer
|
|
|
|
(Principal Financial and
Accounting Officer)
|
|
Each of the undersigned,
whose signature appears below, hereby severally constitute and appoint each of Jeffrey Riley and Steven A. Shallcross, with full
power to each of them to act alone, as our true and lawful attorneys-in-fact and agent, with full power of substitution and resubstitution
to each of said attorneys to each to sign for us, and in our names in the capacities indicated below, to the registration statement,
and any amendment, post-effective amendment, supplement or papers supplemental thereto, any subsequent registration statements
pursuant to Rule 462 of the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto and other documents
in connection therewith, with the Securities and Exchange 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 might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, or any of them or their 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 below by the following persons in the capacities and on the date indicated.
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
/s/ Jeffrey Riley
|
|
Chief Executive Officer
|
|
September 8, 2017
|
Jeffrey Riley
|
|
(Principal Executive Officer) and Director
|
|
|
|
|
|
|
|
/s/ Steven A. Shallcross
|
|
Chief
Financial Officer
|
|
September 8, 2017
|
Steven A. Shallcross
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
|
|
|
|
/s/ Jeffrey J. Kraws
|
|
Chairman of the Board
|
|
September 8, 2017
|
Jeffrey J. Kraws
|
|
|
|
|
|
|
|
|
|
/s/ Scott L. Tarriff
|
|
Director
|
|
September 8, 2017
|
Scott L. Tarriff
|
|
|
|
|
|
|
|
|
|
/s/ Jeffrey Wolf
|
|
Director
|
|
September 8, 2017
|
Jeffrey Wolf
|
|
|
|
|
EXHIBIT INDEX
* Filed Herewith
Synthetic Biologics (AMEX:SYN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Synthetic Biologics (AMEX:SYN)
Historical Stock Chart
From Sep 2023 to Sep 2024