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

As filed with the Securities and Exchange Commission on November 29, 2005

Registration No. 333-   


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 


 

LOOKSMART, LTD.

(Exact name of Registrant as specified in its charter)

 


 

Delaware   13-3904355
(State of other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification Number)

 

625 Second Street

San Francisco, California 94107

(415) 348-7000

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

 


 

1999 Employee Stock Purchase Plan

(Full title of the plans)

 


 

Stacey Giamalis, Esq.

Senior Vice President and General Counsel

LookSmart, Ltd.

625 Second Street

San Francisco, California 94107

(415) 348-7000

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 


 

Copies to:

Jon E. Gavenman

Heller Ehrman LLP

275 Middlefield Road

Menlo Park, California 94025

(650) 324-7000

 


 

CALCULATION OF REGISTRATION FEE


Title of Securities to be Registered    Amount to be
Registered (1)
   

Proposed Maximum

Offering Price

Per Share (2)

  

Proposed Maximum

Aggregate Offering

Price (2)

  

Amount of

Registration Fee

1999 Employee Stock Purchase Plan Common Stock, $0.001 par value

   40,000 shares (3)   $ 4.25    $ 170,000    $ 18.19

(1) This Registration Statement shall also cover any additional shares of Common Stock which become issuable under any of the Plans being registered pursuant to this Registration Statement by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the Registrant’s outstanding shares of Common Stock.
(2) Estimated in accordance with Rule 457(h) of the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee based upon the average of the high and the low prices of the Common Stock as reported in The Nasdaq National Market on November 28, 2005.
(3) Represents an increase in the number of shares authorized for issuance under the 1999 Employee Stock Purchase Plan.

 



PART I

 

Not filed as part of this Registration Statement pursuant to the instructions to Part I of Form S-8.

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

The following documents filed with the Securities and Exchange Commission (the “Commission”) are hereby incorporated by reference:

 

  (a) Annual Report on Form 10-K, File No. 000-26357 for the year ended December 31, 2004;

 

  (b) Quarterly Reports on Form 10-Q, File No. 000-26357, for the quarters ended March 31, 2005, June 30, 2005 and September 30, 2005;

 

  (c) Current Reports on Form 8-K filed on January 13, 2005, January 26, 2005, January 27, 2005, February 28, 2005, April 21, 2005, April 25, 2005, April 28, 2005, June 16, 2005, June 21, 2005, July 14, 2005, July 28, 2005, August 10, 2005, August 26, 2005, October 17, 2005, October 27, 2005 and November 18, 2005;

 

  (d) The description of our Common Stock contained in our Registration Statement on Form 8-A, File No. 000-26357, filed on June 14, 1999.

 

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 then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing such documents.

 

Item 4. Description of Securities. Not applicable.

 

Item 5. Interests of Named Experts and Counsel. None

 

Item 6. Indemnification of Directors and Officers.

 

The registrant’s Certificate of Incorporation reduces the liability of a director to the corporation or its shareholders for monetary damages for breaches of his or her fiduciary duty of care to the fullest extent permissible under Delaware law. The Bylaws of the registrant further provide for indemnification of corporate agents to the maximum extent permitted by the Delaware General Corporation Law. In addition, the registrant has entered into Indemnification Agreements with its officers and directors and the registrant carries director and officer liability insurance.

 

Item 7. Exemption from Registration Claimed. Not applicable.


Item 8. Exhibits.

 

Exhibit

Number


   
4.1   1999 Employee Stock Purchase Plan, as amended to date
5.1   Opinion of Heller Ehrman LLP
23.1   Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
23.2   Consent of Heller Ehrman LLP (contained in Exhibit 5.1 hereto)
24.1   Power of Attorney (contained in signature page hereto)

 

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 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.

 

(2) that, for purposes 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.

 

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 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.

 

Insofar as the 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 a successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, the Registrant will, unless in the opinion of its counsel the question has already 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, 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 Francisco, State of California, on November 29, 2005.

 

LOOKSMART, LTD.

By:

 

/S/ David B. Hills


   

David B. Hills, Chief Executive Officer

   

(Principal Executive Officer)


POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David B. Hills and John Simonelli, or either of them, his or her attorney-in-fact, with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Registration Statement on Form S-8, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-fact, or her substitute, may 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/ David B. Hills


  

Chief Executive Officer and Director

(Principal Executive Officer)

  November 29, 2005
(David B. Hills)       

/S/ John Simonelli


  

Sr. Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

  November 29, 2005
John Simonelli       

   Director    
(Teresa Dial)         

/S/ Anthony Castagna


   Director   November 18, 2005
(Anthony Castagna)         

/S/ Mark Sanders


   Director   November 18, 2005
(Mark Sanders)         

   Chairman of the Board    
(Edward West)         

/S/ Gary Wetsel


   Director   November 29, 2005
(Gary Wetsel)         

   Director    
(Timothy J. Wright)         


INDEX TO EXHIBITS

 

Exhibit

Number


   
4.1   1999 Employee Stock Purchase Plan, as amended to date
5.1   Opinion of Heller Ehrman LLP
23.1   Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
23.2   Consent of Heller Ehrman LLP (contained in Exhibit 5.1 hereto)
24.1   Power of Attorney (contained in signature page hereto)