As filed with the United States Securities and Exchange Commission on May 4, 2012
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
QLIK TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
DELAWARE | 20-1643718 | |||
(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
150 N. Radnor Chester Road
Suite E220
Radnor, Pennsylvania 19087
(888) 828-9768
(Address of principal executive offices) (Zip Code)
2010 EQUITY INCENTIVE PLAN
(Full title of the Plan)
Lars Björk
President and Chief Executive Officer
150 N. Radnor Chester Road
Suite E220
Radnor, Pennsylvania 19087
(Name and address of agent for service)
(888) 828-9768
(Telephone number, including area code, of agent for service)
Copy to:
Richard R. Hesp, Esq.
Gunderson Dettmer Stough
Villeneuve Franklin & Hachigian, LLP
850 Winter Street
Waltham, Massachusetts 02451
Telephone: (781) 890-8800
Telecopy: (781) 622-1622
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.
Large accelerated filer | x | Accelerated filer | ¨ | |||
Non-accelerated filer | ¨ | Smaller reporting company | ¨ |
CALCULATION OF REGISTRATION FEE
| ||||||||
Title of Securities to be Registered |
Amount to be Registered (1) |
Proposed Maximum Offering Price per Share (2) |
Proposed Maximum Offering Price (2) |
Amount of Registration Fee | ||||
Stock Options and Common Stock, par value $0.0001 per share |
3,164,918 shares | $28.58 | $90,453,356.44 | $10,365.95 | ||||
| ||||||||
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(1) | This Registration Statement shall also cover any additional shares of Common Stock which become issuable under the 2010 Equity Incentive Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number of the outstanding shares of Common Stock of Qlik Technologies Inc. |
(2) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and (h)(1) under the Securities Act of 1933, as amended. The offering price per share and aggregate offering price for the unissued stock options and shares of Common Stock are based upon the average of the high and low prices of the Registrants common stock as reported on The NASDAQ Stock Exchange Global Select Market on May 2, 2012. |
EXPLANATORY NOTE
Pursuant to General Instruction E to Form S-8 under the Securities Act of 1933, as amended, this Registration Statement is filed by Qlik Technologies Inc. (the Company) for the purpose of registering additional shares of Common Stock under the Companys 2010 Equity Incentive Plan (the Plan). The number of shares of Common Stock available for issuance under the Plan is subject to an automatic annual increase on the first day of the Companys calendar year beginning in 2011 equal to the lowest of (a) 3.75% of the total number of shares of Common Stock then outstanding, (b) 3,300,000 shares of Common Stock or (c) the number determined by the Companys Board of Directors (the Evergreen Provision). Accordingly, the number of shares of Common Stock available for issuance under the Plan was increased by 3,164,918 shares effective January 1, 2012. This Registration Statement registers the 3,164,918 additional shares of Common Stock available for issuance under the Plan as a result of the Evergreen Provision.
Of the 9,417,886 shares currently authorized by the Plan, (i) 2,952,968 have already been registered pursuant to the currently effective Registration Statement on Form S-8 (Registration No. 333-172527) filed on February 28, 2011 (the Second Registration Statement) and (ii) 3,300,000 have already been registered pursuant to the Registration Statement on Form S-8 (Registration No. 333-168137) filed on July 16, 2010 (the Original Registration Statement). The contents of the Original Registration Statement and the Second Registration Statement, including any amendments thereto or filings incorporated therein, are incorporated herein by this reference. Any items in the Original Registration Statement and the Second Registration Statement not expressly changed hereby shall be as set forth in the Original Registration Statement and the Second Registration Statement, as applicable.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. | Exhibits |
Exhibit Number |
Exhibit | |
5.1 | Opinion and consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP. | |
23.1 | Consent of Independent Registered Public Accounting Firm. | |
23.2 | Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is contained in Exhibit 5.1. | |
24.1 | Power of Attorney. Reference is made to page II-3 of this Registration Statement. |
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 Radnor, Commonwealth of Pennsylvania on this 4th day of May, 2012.
QLIK TECHNOLOGIES INC. | ||
By: | /s/ Lars Björk | |
Lars Björk Chief Executive Officer |
II-2
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of Qlik Technologies Inc., a Delaware corporation, do hereby constitute and appoint Lars Björk and William Sorenson, and either of them, the lawful attorneys-in-fact and agents with full power and authority to do any and all acts and things and to execute any and all instruments which said attorneys and agents, and either one of them, determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby ratifies and confirms all that said attorneys and agents, or either one of them, shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of the date indicated.
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 date indicated.
Signature | Title | Date | ||
/s/ Lars Björk Lars Björk |
President, Chief Executive Officer and Director (Principal Executive Officer) |
May 4, 2012 | ||
/s/ William Sorenson William Sorenson |
Chief Financial Officer, Treasurer and Secretary (Principal Financial Officer) |
May 4, 2012 |
II-3
Signature | Title | Date | ||
/s/ Bruce Golden Bruce Golden |
Chairman of the Board of Directors | May 4, 2012 | ||
/s/ John Burris John Burris |
Director | May 4, 2012 | ||
/s/ John Gavin, Jr. John Gavin, Jr. |
Director | May 4, 2012 | ||
/s/ Deborah Hopkins Deborah Hopkins |
Director | May 4, 2012 | ||
/s/ Erel Margalit Erel Margalit |
Director | May 4, 2012 | ||
/s/ Alexander Ott Alexander Ott |
Director | May 4, 2012 | ||
/s/ Paul Wahl Paul Wahl |
Director | May 4, 2012 |
II-4
EXHIBIT INDEX
Exhibit Number |
Exhibit | |
5.1 | Opinion and consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP. | |
23.1 | Consent of Independent Registered Public Accounting Firm. | |
23.2 | Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is contained in Exhibit 5.1. | |
24.1 | Power of Attorney. Reference is made to page II-3 of this Registration Statement. |
Exhibit 5.1
May 4, 2012
Qlik Technologies Inc.
150 N. Radnor Chester Road
Suite E220
Radnor, Pennsylvania 19087
Re: | Qlik Technologies Inc. (the Company) Registration | |||
Statement on Form S-8 for 3,164,918 Shares of Common Stock |
Ladies and Gentlemen:
We refer to your registration statement on Form S-8 (the Registration Statement) under the Securities Act of 1933, as amended (the Act) in connection with the registration of 3,164,918 shares of Common Stock (the Shares) of Qlik Technologies Inc. (the Company) issuable in the aggregate under the Companys 2010 Equity Incentive Plan (the Plan).
As your counsel, we have examined such matters of fact and questions of law as we have deemed necessary in order to render the opinion set forth herein. In connection with our opinion expressed below, we have relied as to certain factual matters on information obtained from public officials, officers of the Company and other sources believed by us to be responsible. We express no opinion as to matters governed by any laws other than the laws of the Delaware General Corporation Law and the federal laws of the United States.
Based upon and subject to the foregoing, we advise you that, in our opinion, when the Shares have been issued and sold pursuant to the applicable provisions of the Plan, and in accordance with the Registration Statement, such Shares will be validly issued, fully paid and nonassessable shares of the Companys Common Stock.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.
Very truly yours,
/s/ Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Qlik Technologies Inc. 2010 Equity Incentive Plan of our reports dated February 28, 2012 with respect to the consolidated financial statements of Qlik Technologies Inc. and the effectiveness of internal control over financial reporting of Qlik Technologies Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2011, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Philadelphia, Pennsylvania
May 4, 2012