S-8 1 globalscape-s8_051315.htm S-8 globalscape-s8_051315.htm
As filed with the Securities and Exchange Commission on May 14, 2015
Registration No. 333-


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM S-8
REGISTRATION STATEMENT
 
UNDER
THE SECURITIES ACT OF 1933
 

 
GLOBALSCAPE, INC.
(Exact name of Registrant as specified in its charter)
 
Delaware
   
74-2785449
(State or other jurisdiction of
incorporation or organization)
   
(I.R.S. Employer
Identification No.)

4500 Lockhill-Selma, Suite 150
San Antonio, Texas 78249
(Address of Principal Executive Offices)

GlobalSCAPE, Inc.
2015 Non-Employee Directors Long-Term Equity Incentive Plan
(Full Title of the Plans)

James L. Bindseil
President and Chief Executive Officer
4500 Lockhill-Selma, Suite 150
San Antonio, Texas 78249
(210) 308-8267
(Name, address and telephone number of agent for service)
 
Copies of all communications to:
Steven R. Jacobs, Esq.
Winstead PC
300 Convent, Suite 2700
San Antonio, Texas 78205
(210) 277-6800
 
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.
 
(Check One)
Large accelerated filer    o
   
Accelerated filer   o
Non-accelerated filer      o
(Do not mark if a smaller reporting company)
   
Smaller reporting company   ý

 
 

 


CALCULATION OF REGISTRATION FEE
 
Title of Securities
to be Registered(1)
 
Amount
to be
Registered
 
Proposed
Maximum
Offering Price
Per Share
 
Proposed
Maximum
Aggregate
Offering Price
 
Amount of
Registration Fee
Common Stock, $0.001 par value per share
 
500,000
 
$3.40 (2)
 
$1,700,000 (2)
 
$198
 
 
 
Upon a future stock split, stock dividend or similar transaction involving the common stock of the Registrant and during the effectiveness of this Registration Statement, the number of securities registered shall be automatically increased to cover the additional securities in accordance with Rule 416(a) under the Securities Act of 1933.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h) of the Securities Act of 1933 based upon the average of the high and low prices of shares of the Registrant’s common stock as reported on the NYSE MKT LLC, on May 13, 2015.

 
 

 
 
PART II
 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
Item 3.
Incorporation of Documents by Reference.
 
The following documents, which previously have been filed with the Commission, are incorporated herein by reference and made a part hereof:
 
 
(a)
The Registrant’s latest annual report filed pursuant to Section 13(a) or 15(d) of the Exchange Act, that contains audited financial statements for the Registrant’s latest fiscal year for which such statements have been filed:
 
·  
Our Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Commission on March 30, 2015.
 
 
(b)
All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the document referred in (a) above:
 
·  
Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, filed with the Commission on May 14, 2015; and
 
·  
Our Current Reports on Form 8-K, filed with the Commission on February 10, 2015,  and April 1, 2015.
 
 
(c)
See Description of the Common Stock contained in the Registration Statement on Form 8-A, filed on July 17, 2007, File No. 001-33601.
 
Notwithstanding the foregoing, information that we elect to furnish, but not file, or have furnished, but not filed, with the Commission in accordance with Commission rules and regulations is not incorporated into this Registration Statement, shall not be deemed “filed” under the Securities Act of 1933, as amended, and does not constitute a part hereof.
 
All documents filed by us with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the date hereof and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall hereby 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. Any statement contained in a document incorporated or deemed to be incorporated herein by reference 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 incorporated or deemed to be incorporated herein by reference modifies or supersedes such statement. Any statement contained herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document incorporated or deemed to be incorporated herein by reference modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
 
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 Company’s Amended and Restated Certificate of Incorporation provides that a director of the Company shall not be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director’s duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, as the same may be amended, or (iv) for any transaction from which the director derived an improper personal benefit. If the Delaware General Corporation Law is amended to authorize the further elimination or limitation on personal liability of directors, then the liability of a director of the Company, in addition to the limitation on personal liability provided herein, shall be limited to the fullest extent permitted by the amended Delaware General Corporation Law.
 
The Company’s Amended and Restated Certificate of Incorporation provides that each person who was or is made a party or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “proceeding”), by reason of the fact that he or she, or a person of whom he or she is the legal representative, is or was a director or officer, of the Company or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent shall be indemnified and held harmless by the Company to the fullest extent authorized by the Delaware General Corporation Law, as amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted the Company to provide prior to such amendment), against all expense, liability and loss (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by such person in connection therewith and such indemnification shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of his or her heirs, executors and administrators; provided, however, that except for certain exceptions set forth in the Amended and Restated Certificate of Incorporation, the Company shall indemnify any such person seeking indemnification in connection with a proceeding (or part thereof) initiated by such person only if such proceeding (or part thereof) was authorized by the Board of Directors of the Company. The right to indemnification set forth in the Amended and Restated Certificate of Incorporation is a contract right and includes the right to be paid by the Company the expenses incurred in defending any such proceeding in advance of its final disposition; provided, however, that, if the Delaware General Corporation Law requires, the payment of such expenses incurred by a director or officer in his or her capacity as a director or officer (and not in any other capacity in which service was or is rendered by such person while a director or officer, including, without limitation, service to an employee benefit plan) in advance of the final disposition of a proceeding, shall be made only upon delivery to the Company of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined that such director or officer is not entitled to be indemnified under the Amended and Restated Certificate of Incorporation. The Company may, by action of its Board of Directors, provide indemnification to employees and agents of the Company with the same scope and effect as the foregoing indemnification of directors or officers.
 
The Company’s Amended and Restated Certificate of Incorporation also provides that the Company may maintain insurance, at its expense, to protect itself and any director, officer, employee or agent of the Company or another corporation, partnership, joint venture, trust or other enterprise against any such expense, liability or loss, whether or not the Company would have the power to indemnify such person against such expense, liability or loss under the Delaware General Corporation Law.
 
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing, the registrant has been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
 
Item 7.
Exemption from Registration Claimed.
 
Not Applicable.
 
 
 

 
 
Item 8.
Exhibits
 
     
No.
 
Description
   
4.1
 
Specimen of Stock Certificate (Filed as Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed April 2, 2001).
   
4.2
 
Amended and Restated Certificate of Incorporation (Filed as Exhibit 3.1 to Registrant’s Current Report on Form 8-K filed November 17, 2006).
   
4.3
 
Amended and Restated Bylaws of the Company effective as of October 30, 2008 (Filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed November 5, 2008).
   
5.1*
 
Opinion of Winstead PC.
   
10.1
 
GlobalSCAPE, Inc. 2015 Non-Employee Directors Long-Term Equity Incentive Plan (Filed as Appendix A to the Registrant’s 2015 Proxy Statement filed on April 2, 2015).
   
23.1*
 
Consent of Grant Thornton LLP.
23.2*
 
Consent of Padgett, Stratemann & Co., L.L.P.
   
23.3*
 
Consent of Winstead PC (included in the opinion filed as Exhibit 5.1 hereto).
   
24.1*
 
Power of Attorney (included on the signature page of this Registration Statement).
_______________
 
 
*
filed herewith
 
Item 9.
Undertakings.
 
(a)
The Registrant undertakes the following:
 
 
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, as amended (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 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) 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 Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (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 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 Securities and Exchange Commission 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 of 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, as amended, 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 San Antonio, State of Texas, on May 14, 2015.
 
     
GLOBALSCAPE, INC.
   
By:
  /s/ James L. Bindseil
 
   
James L. Bindseil,
President and Chief Executive Officer
   

 
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated. Each of such persons appoints James L. Bindseil, with full power to act, his true and lawful attorney-in-fact and agent of him and on his behalf and in his name, place and stead, and in any and all capacities, with full and several power of substitution, to sign and file with the proper authorities any and all documents in connection with this Registration Statement on Form S-8, including amendments thereto, granting unto said 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 in order to effectuate the same as fully to all intents and purposes as he might or could do if personally present, hereby ratifying and confirming all that said attorney-in-fact and agent, may lawfully do or cause to be done by virtue hereof.
 
         
Name
 
Title
 
Date
     
/S/  James L. Bindseil
 
President and
Chief Executive Officer and Director
(Principal Executive Officer)
 
May 14, 2015
James L. Bindseil
     
     
/S/  James W. Albrecht, Jr.
 
Chief Financial Officer
(Principal Finance and
Accounting Officer)
 
May 14, 2015
James W. Albrecht, Jr.
     
     
/S/  Thomas W. Brown
 
Chairman of the Board and Director
 
May 14, 2015
Thomas W. Brown
       
     
/S/  David L. Mann
 
Director
 
May 14, 2015
David L. Mann
       
     
/S/  Frank M. Morgan
 
Director
 
May 14, 2015
Frank M. Morgan
       
     
/S/  Phillip M. Renfro
 
Director
 
May 14, 2015
Phillip M. Renfro
       

 
 

 
 
INDEX TO EXHIBITS
 
     
No.
 
Description
   
4.1
 
Specimen of Stock Certificate (Filed as Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed April 2, 2001).
   
4.2
 
Amended and Restated Certificate of Incorporation (Filed as Exhibit 3.1 to Registrant’s Current Report on Form 8-K filed November 17, 2006).
   
4.3
 
Amended and Restated Bylaws of the Company effective as of October 30, 2008 (Filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed November 5, 2008).
   
5.1*
 
Opinion of Winstead PC.
   
10.1
 
GlobalSCAPE, Inc. 2015 Non-Employee Directors Long-Term Equity Incentive Plan (Filed as Appendix A to the Registrant’s 2015 Proxy Statement filed on April 2, 2015).
   
23.1*
 
Consent of Grant Thornton LLP.
     
23.2*
 
Consent of Padgett, Stratemann & Co., L.L.P.
   
23.3*
 
Consent of Winstead PC. (included in the opinion filed as Exhibit 5.1 hereto).
   
24.1*
 
Power of Attorney (included on the signature page of this Registration Statement).