S-8 1 ds8.htm FORM S-8 Form S-8

As filed with the Securities and Exchange Commission on October 27, 2004

 

Registration No. 333-            

 


 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form S-8

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 


 

INTERNET AMERICA, INC.

(Exact name of registrant as specified in its charter)

 

Texas   86–0778979

(State or other jurisdiction of incorporation

or organization)

 

(I.R.S Employer

Identification No.)

 

One Dallas Centre

350 N. St. Paul, Suite 3000

Dallas, Texas 75201

(214) 861-2500

(Address of Principal Executive Offices)

 

Internet America, Inc.

2004 Non-Employee Director Plan

(Full title of the plan)

 

William E. Ladin, Jr.

Internet America, Inc.

One Dallas Centre

350 N. St. Paul, Suite 3000

Dallas, Texas 75201

(Name and address of agent for service)

 

(214) 861-2500

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

 

With Copy to:

Robert F. Gray

Fulbright & Jaworski L.L.P.

1301 McKinney, Suite 5100

Houston, Texas 77010-3095

(713) 651-5151

 

Calculation of Registration Fee

 

Title of securities to be
registered
  Amount to be registered
(2)(3)
  Proposed maximum offering
price per share (1)
  Proposed maximum
aggregate offering price (1)
 

Amount of

registration fee

Common Stock, par value $.01 per share

  600,000 shares   $0.95   $570,000   $72.22

 

(1) Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(c) under the Securities Act of 1933, based on the average of the high and low sale prices of such security on October 25, 2004 on the Over-the-Counter Bulletin Board.

 

(2) In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the benefit plan described herein.

 

(3) The amount of Common Stock registered hereunder shall be deemed to include any additional shares issuable as a result of any stock split, stock dividend or other change in the capitalization of the Registrant.

 



PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

The following documents which have been filed with the Securities and Exchange Commission (the “Commission”) by Internet America, Inc., a Texas corporation (the “Company”), are incorporated herein by reference and made a part hereof:

 

(a) The Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2004, filed with the Commission on September 28, 2004;

 

(b) The Company’s Current Reports on Form 8-K filed on July 8, 2004 and August 10, 2004; and

 

(c) The description of the Common Stock contained in the Company’s Form SB-2, filed with the Commission on January 21, 2000, as amended by Post-Effective Amendment No. 1 to Form SB-2, filed with the Commission on June 19, 2000.

 

All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) subsequent to the effective date of this Registration Statement, prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered hereby have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained herein or in any document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except 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 Officers and Directors.

 

The Articles of Incorporation of the Company provide that its officers and directors (and certain other individuals acting on behalf of the Company) will be indemnified by the Company against judgments, penalties, fines, settlements and reasonable expenses actually incurred by such persons, to the fullest extent permitted under the Texas Business Corporation Act (the “TBCA”). Generally, Article 2.02-1 of the TBCA permits a corporation to indemnify a person who was, is, or is threatened to be made a named defendant or respondent in a proceeding because the person was or is a director or officer if it is determined that such person (i) conducted himself in good faith, (ii) reasonably believed (a) in the case of conduct in his official capacity as a director or officer of the corporation, that his conduct was in the corporation’s best interest, or (b) in other cases, that his conduct was at least not opposed to the corporation’s best interests, and (iii) in the case of any criminal proceeding, had no reasonable cause to believe that his conduct was unlawful. In addition, the TBCA requires a corporation to indemnify a director or officer for any action that such director or officer is wholly successful in defending on the merits.

 

The Company’s Articles of Incorporation provide that a director of the Company will not be liable to the Company for monetary damages for an act or omission in the director’s capacity as a director, except to the extent not permitted by law. Texas law does not permit exculpation of liability in the case of (i) a breach of the director’s duty of loyalty to the corporation or the shareholders, (ii) an act or omission not in good faith that involves

 

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intentional misconduct or a knowing violation of the law, (iii) a transaction from which a director received an improper benefit, whether or not the benefit resulted from an action taken within the scope of the director’s office, (iv) an action or omission for which the liability of the director is expressly provided by statute, or (v) an act related to an unlawful stock repurchase or dividend.

 

Item 7. Exemption from Registration Claimed.

 

Not applicable.

 

Item 8. Exhibits.

 

4.1 *    Internet America, Inc. 2004 Non-Employee Director Plan, dated October 26, 2004.
5.1 *    Opinion of Fulbright & Jaworski L.L.P.
23.1 *    Consent of Deloitte & Touche LLP.
23.2 *    Consent of Fulbright & Jaworski L.L.P. (included in Exhibit 5.1 to this Registration Statement).
24.1 *    Powers of Attorney (contained on signature page).

* Filed herewith.

 

Item 9. Undertakings.

 

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, as amended (the ”1933 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;

 

        (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 (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed 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 1933 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.

 

The undersigned Registrant hereby undertakes that, for the purposes of determining any liability under the 1933 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

 

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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.

 

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

 

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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 Dallas, Texas, on October 26, 2004.

 

INTERNET AMERICA, INC.

By:   /s/ William E. Ladin, Jr.
   

William E. Ladin, Jr.

Chief Executive Officer

 

POWER OF ATTORNEY

 

KNOW ALL MEN BY THESE PRESENTS, that each individual whose signature appears below constitutes and appoints William E. Ladin, Jr. his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same and all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting 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, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent 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/ WILLIAM E. LADIN, JR.


William E. Ladin, Jr.

  

Chief Executive Officer, Director

(principal executive officer)

  October 26, 2004

/S/ TROY LEMAILE-STOVALL


Troy LeMaile-Stovall

  

Director

  October 26, 2004

/S/ JUSTIN MCCLURE


Justin McClure

  

Director

  October 26, 2004

/S/ SANDRA T. EVERETT


Sandra T. Everett

  

Controller

(principal financial officer)

  October 26, 2004

 

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EXHIBIT INDEX

 

Exhibit Number

  

Description


4.1*    Internet America, Inc. 2004 Non-Employee Director Plan, dated October 26, 2004.
5.1*    Opinion of Fulbright & Jaworski L.L.P.
23.1*    Consent of Deloitte & Touche LLP.
23.2*    Consent of Fulbright & Jaworski L.L.P. (included in Exhibit 5.1 to this Registration Statement).
24.1*    Powers of Attorney (contained on signature page).

* Filed herewith.

 

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