S-8 1 forms-8.htm FORM S-8 forms-8.htm

As filed with the Securities and Exchange Commission on October 1, 2014
Registration No. 333-

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
________________________________
 
FORM S-8
REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933
________________________________
 
CARDIOME PHARMA CORP.
(Exact name of Registrant as specified in its charter)
 
Canada
 
Not Applicable
(Jurisdiction of Incorporation)
 
(I.R.S. Employer Identification No.)

6190 Agronomy Road, Suite 405
Vancouver, British Columbia, Canada
V6T 1Z3
(Address of Registrant’s principal executive offices)
 
Cardiome Pharma Corp. Amended Incentive Stock Option Plan
(Full title of plan)

Correvio LLC
3 Dickinson Drive
Suite 101, Building 4
Chadds Ford, PA 19317
(Name, Address and Telephone Number of Agent for Service)
________________________________
 
Copy to:
Riccardo Leofanti, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
222 Bay Street, Suite 1750, P.O. Box 258
Toronto, Ontario, Canada M5K 1J5
(416) 777-4700
 
Joseph A. Garcia, Esq.
Blake, Cassels & Graydon LLP
595 Burrard Street, Suite 2600
Vancouver, British Columbia, Canada V7X 1L3
(604) 631-3300
________________________________
 
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 [  ]
 
Accelerated Filer [X]
       
 
Non-Accelerated Filer  [  ]
 
Smaller Reporting Company  [  ]

 
 

 


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 (3)
Amount of
Registration Fee
Common Shares
500,000
$8.13
$4,065,000
$523.57
 
Notes
 
(1)
The Common Shares being registered relate to share option grants  to be undertaken in the future, with option exercise prices to be determined in accordance with the provisions of the Registrant's Amended Incentive Stock Option Plan.
   
(2)
Pursuant to Rule 416 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), the number of Common Shares being registered hereby shall be adjusted to include any additional Common Shares that may become issuable as a result of stock splits, stock dividends, recapitalization or any other similar transactions effected without the receipt of consideration that results in an increase in the number of the Registrant’s outstanding Common Shares in accordance with the provisions of the Registrant's Amended Incentive Stock Option Plan.
   
(3)
Estimated solely for the purpose of calculating the registration fee pursuant to paragraphs (c) and (h)(1) of Rule 457 under the Securities Act on the basis of the average of the high and low prices for the Common Shares on the Nasdaq Stock Market on September 24, 2014.
   
 
 
 
 
 
 

 

PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.
 
The following documents, or excerpts thereof as indicated, filed by the Registrant with the Securities and Exchange Commission (the “Commission”) are incorporated by reference into this Registration Statement:
 
 
(a)
Annual report on Form 40-F of the Registrant for the fiscal year ended December 31, 2013, filed with the Commission on March 27, 2014;
 
 
(b)
Reports on Form 6-K of the Registrant, furnished to the Commission on January 29, 2014, January 30, 2014, February 11, 2014, February 13, 2014, February 18, 2014, February 19, 2014, February 20, 2014, February 24, 2014, March 11, 2014, March 12, 2014, March 19, 2014, March 20, 2014, March 21, 2014, March 27, 2014, April 7, 2014, May 5, 2014, May 7, 2014, May 12, 2014, May 13, 2014, May 15, 2014, May 20, 2014, May 23, 2014, June 10, 2014, June 11, 2014, June 17, 2014, June 19, 2014, July 21, 2014, July 29, 2014, August 5, 2014, August 6, 2014, August 12, 2014 and August 25, 2014;
 
 
(c)
All reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the Registrant since December 31, 2013; and
 
 
(d)
The description of the Registrant's common shares included in the registration statement on Form 20-F filed with the Commission on August 22, 1997.
 
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities offered hereby then remaining unsold, shall be deemed to be incorporated by reference herein and shall be deemed to be a part hereof from the date of the filing of such documents.  In addition, any Report on Form 6-K of the Registrant hereafter furnished to the Commission pursuant to the Exchange Act shall be incorporated by reference into this Registration Statement if and to the extent provided in such document.
 
Item 4.  Description of Securities
 
Not Applicable
 
Item 5.  Interests of Named Experts and Counsel
 
Not Applicable
 
Item 6.  Indemnification of Directors and Officers
 
Our directors and officers are entitled to indemnification in the following circumstances:
 
(a) Under the Canada Business Corporations Act, a corporation may indemnify a director or officer of the corporation, a former director or officer of the corporation, or another individual who acts or acted at the corporation's request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges, and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative, or other proceeding in which the individual is involved because of that association with the corporation or other entity. A corporation may not indemnify an individual unless the individual (i) acted honestly and in good faith with a view to the best interests of the corporation or, as the case may be, the other entity for which the individual acted as a director or officer in a similar capacity at the corporation's request and (ii) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, had reasonable grounds for believing that his or her conduct was lawful. Such indemnification may be made in
 

 
 

 

connection with an action by or on behalf of the corporation or other entity to procure a judgment in its favor only with court approval. A director or officer is entitled to indemnification from the corporation as a matter of right if he or she was not judged by the court or other competent authority to have committed any fault or omitted to do anything that he or she ought to have done and fulfilled the conditions set forth above. The corporation may advance moneys to a director, officer or other individual for the costs, charges, and expenses of a proceeding referred to above. The individual shall repay the moneys if he or she does not fulfill the conditions set forth above to qualify for indemnification.
 
(b) Our bylaws provide that we will indemnify any of our directors, former directors, officers, and former officers and other parties specified by the bylaws against all costs, charges, and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by them for any civil, criminal or administrative action or proceeding to which they are or may be made a party by reason of having been a director or officer.
 
(c) We have entered into indemnity agreements ("Indemnity Agreements") with certain of our officers and directors, pursuant to which we are obligated to indemnify and hold harmless such persons against all costs, charges, and expenses, including any amounts paid to settle actions or satisfy judgments, reasonably incurred by them in respect of any civil, criminal, administrative, investigative, or other proceeding to which they are made a party by reason of being or having been an officer or director. However, such indemnification obligations arise only to the extent that the party seeking indemnification was acting honestly and in good faith with a view to our best interests, and, in the case of criminal or administrative actions or proceedings enforced by monetary penalties, that such person had reasonable grounds for believing that his or her conduct was lawful. Under these Indemnity Agreements, we may advance to the indemnified parties the expenses incurred in defending any such actions or proceedings, but if the director or officer does not meet the conditions to qualify for indemnification, such amounts shall be repaid.
 
As permitted by the Canada Business Corporations Act, we have purchased directors' and officers' liability insurance that, under certain circumstances, insures its directors and officers against the costs of defense, settlement, or payment of a judgment.
 
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 provisions, 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.
 
The following exhibits are filed as part of this registration statement.
 
Exhibit No. 
 
Description
 
4.1
 
Specimen Common Share certificate.
 
4.2
 
Certificate of Amendment of Articles of Incorporation of the Registrant.
 
4.3
 
By-laws of the Registrant.
 
5.1
 
Opinion of Blake, Cassels & Graydon LLP.
 
23.1
 
Consent of Blake, Cassels & Graydon LLP (included in Exhibit 5.1 to this Registration Statement).
 
23.2
 
Consent of KPMG LLP.
 
24.1
 
Power of Attorney (included on page 7 of this Registration Statement).
 

 
 

 

Item 9.  Undertakings.
 
 
(a)
The undersigned Registrant hereby undertakes:
 
 
(i)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement 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;
 
 
(ii)
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; and
 
 
(iii)
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.
 
 
(h)
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 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 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, 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 on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Vancouver, Province of British Columbia, Canada, on October 1, 2014.


 
CARDIOME PHARMA CORP.
 
       
       
 
By: 
/s/ William Hunter  
   
Name: 
William Hunter
 
   
Title:
Chief Executive Officer
 
 

 
 


 
 

 

POWER OF ATTORNEY
 
Each person whose signature appears below authorizes William Hunter and Jennifer Archibald, as his attorney in fact and agent, with full power of substitution and resubstitution, to execute, in his name and on his behalf, in any and all capacities, this Registration Statement on Form S-8 and any amendment thereto (and any additional registration statement related thereto permitted by Rule 462(b) promulgated under the Securities Act of 1933 (and all further amendments including post-effective amendments thereto)) necessary or advisable to enable the Registrant to comply with the Securities Act of 1933, and any rules, regulations and requirements of the Securities and Exchange Commission, in respect thereof, in connection with the registration of the securities which are the subject of such registration statement, which amendments may make such changes in such registration statement as such attorney may deem appropriate, and with full power and authority to perform and do any and all acts and things whatsoever which any such attorney or substitute may deem necessary or advisable to be performed or done in connection with any or all of the above-described matters, as fully as each of the undersigned could do if personally present and acting, hereby ratifying and approving all acts of any such attorney or substitute.
 
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on October 1, 2014.
 
Signature
 
Title
     
/s/ William Hunter
 
Chief Executive Officer and Director
William Hunter
   
     
/s/ Jennifer Archibald  
Chief Financial Officer
Jennifer Archibald
   
     
/s/ Robert W. Rieder  
Chairman
Robert W. Rieder
   
     
/s/ Richard M. Glickman  
Lead Independent Director
Richard M. Glickman
   
     
/s/ Harold H. Shlevin  
Director
Harold H. Shlevin
   
     
/s/ Peter W. Roberts  
Director
Peter W. Roberts
   
     
/s/ W. James O'Shea  
Director
W. James O'Shea
   

 
 

 

AUTHORIZED REPRESENTATIVE


Pursuant to the requirements of the Securities Act of 1933, the undersigned certifies that it is the duly authorized United States representative of Cardiome Pharma Corp. and has duly caused this Registration Statement to be signed on behalf of it by the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, Canada on October 1, 2014.
 


 
CARDIOME, INC.
(Authorized U.S. Representative)
 
       
       
 
By: 
/s/ Jennifer Archibald
 
   
Name: 
Jennifer Archibald
 
   
Title:
Authorized Signatory
 

 
 
 

 

EXHIBIT INDEX
 
Exhibit No. 
Description
   
4.1
Specimen Common Share certificate.
   
4.2
Certificate of Amendment of Articles of Incorporation of the Registrant.
   
4.3
By-laws of the Registrant.
   
5.1
Opinion of Blake, Cassels & Graydon LLP.
   
23.1
Consent of Blake, Cassels & Graydon LLP (included in Exhibit 5.1 to this Registration Statement).
   
23.2
Consent of KPMG LLP.
   
24.1
Power of Attorney (included on page 7 of this Registration Statement).