S-8 1 v375807_s8.htm S-8

 

As filed with the Securities and Exchange Commission on April 24, 2014

File No. 333-

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-8

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

SEALAND NATURAL RESOURCES INC.

(Exact name of registrant as specified in its charter)

 

 

 

Nevada   45-2416474
(State or other jurisdiction of   (I.R.S. Employer Identification No.)
incorporation or organization)    

 

50 W. Liberty Street #880

Reno, Nevada 89501

(Address of Principal Executive Offices)(Zip Code)

 

 

 

Sealand Natural Resources Inc. 2014 Equity Incentive Award Plan

(Full title of the plan)

 

 

 

Incorp Services, Inc.

2360 Corporate Circle, Suite 400

Henderson, NV 89074

(Name and address of agent for service)

 

 

 

(702) 866-2500

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

 

 

 

Copy to:

Gregg E. Jaclin, Esq.

Szaferman, Lakind, Blumstein & Blader, P.C.

101 Grovers Mill Road, 2nd Floor

Lawrenceville, New Jersey 08648

(609) 275-0400

 

 

 

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  ¨ Accelerated filer  ¨
Non-accelerated filer  ¨ (Do not check if a smaller reporting company) Smaller reporting company  x

  

CALCULATION OF REGISTRATION FEE

 

Title of securities to be registered  Amount
to be
registered (1)
  Proposed
maximum
offering price
per share
   Proposed
maximum
aggregate
offering price
   Amount of
registration
 fee
 
Common stock, $0.001 par value per share  400,000 shares  $11.99(2)  $4,796,000   $617.73 

 

(1)Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also registers an indeterminate number of additional shares that may be issued pursuant to the above-named plans as the result of any future 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 our outstanding shares of common stock.

 

(2)This estimate is made pursuant to Rules 457(c) and 457(h) of the Securities Act solely for purposes of calculating the registration fee. The computation is based upon the average of the high and low prices of Sealand Natural Resources Inc.’s common stock as reported on the OTC Bulletin Board on April 22, 2014.

 

Proposed sales to take place as soon after the effective date of the registration statement as awards granted under the above-named plan are granted, exercised and/or distributed.

 

 
 

 

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

Item 1. Plan Information

 

The documents containing the information specified in Item 1 of this registration statement will be sent or given to participants as specified by Rule 428(b)(1) of the Securities Act. Such documents are not required to be and are not filed with the Securities and Exchange Commission (the “SEC”) either as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424. These documents and the documents incorporated by reference into this registration statement pursuant to Item 3 of Part II of this registration statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

 

Item 2.     Registrant Information and Employee Plan Annual Information.

 

The following documents are available without charge, upon written or oral request, by contacting Lars Poulsen, the Chief Executive Officer of Sealand Natural Resources Inc., at the address and telephone number listed below: 1) any of the documents incorporated by reference in Item 3 of Part II of this registration statement (which documents are incorporated by reference in this Section 10(a) Prospectus); and 2) other documents required to be delivered to eligible employees, non-employee directors and consultants pursuant to Rule 428(b).

 

Lars Poulsen

Chief Executive Officer

Sealand Natural Resources Inc.

50 W. Liberty Street #880

Reno, Nevada 89501

(702) 530-8665 

 

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PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

In this registration statement, Sealand Natural Resources Inc. is sometimes referred to as “Registrant,” “we,” “us” or “our.”

 

Item 3. Incorporation of Documents by Reference.

 

The SEC allows us to “incorporate by reference” the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the SEC will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the SEC:

 

(a)Our Annual Report on Form 10-K for the fiscal year ended May 31, 2013, filed with the SEC on September 12, 2013;
(b)Our Quarterly Reports on Form 10-Q (and amendments thereto) filed with the SEC on October 15, 2013, January 21, 2014, and April 21, 2014;
(c)Our Current Reports on Form 8-K (and amendments thereto) filed with the SEC on October 25, 2013, January 10, 2014, and January 21, 2014;
(d)The description of our common stock contained in our registration statement on Form 8-A filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on April 7, 2014, including any amendment or reports filed for the purpose of updating such descriptions

 

In addition, all documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing such documents, except as to specific sections of such statements as set forth therein. Any statement contained in a 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 herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein 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 which also is incorporated or deemed to be incorporated by reference herein 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.

 

Under no circumstances shall any information furnished under Item 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

 

Item 4. Description of Securities.

 

Not applicable.

 

Item 5. Interests of Named Experts and Counsel.

 

Not applicable.

 

Item 6. Indemnification of Directors and Officers.

 

Chapter 78 of the Nevada Revised Statutes authorizes us to indemnify any director or officer under prescribed circumstances and subject to certain limitations against certain costs and expenses, including attorneys' fees actually and reasonably incurred in connection with any action, suit or proceedings, whether civil, criminal, administrative or investigative, to which such person is a party by reason of being one of our directors or officers if it is determined that the person acted in accordance with the applicable standard of conduct set forth in such statutory provisions.

 

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Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of Registrant pursuant to the foregoing provisions, or otherwise, we have been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable.

 

Item 7. Exemption from Registration Claimed.

 

Not applicable.

 

Item 8. Exhibits.

 

The Exhibit Index on page 6 is incorporated herein by reference as the list of exhibits required as part of this registration statement.

 

Item 9. Undertakings.

 

(a)     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;

 

(ii)         to reflect in the prospectus any facts or events arising after the effective date of this 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 this 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 SEC 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; and

 

(iii)        to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

 

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this 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 reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this 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 this 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.

 

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(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 SEC 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, 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 Reno, State of Nevada, on April 24, 2014.

 

  SEALAND NATURAL RESOURCES INC.
     
  By: /s/ Lars  Poulsen
    Lars Poulsen
    President and Chief Executive Officer

 

Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

  

Date: April 24, 2014 By: /s/ Lars Poulsen
    Lars Poulsen
    President, Chief Executive Officer, and Chairman of the Board of Directors
    (Principal Executive Officer)
     
Date: April 24, 2014 By: /s/ Steve Matteson
    Steve Matteson
    Chief Financial Officer
    (Principal Financial and Accounting Officer)
     
Date: April 24, 2014 By: /s/ Greg May
    Greg May
    Vice President, Chief Operating Officer and Director

 

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EXHIBIT INDEX

 

Exhibit    
Number   Exhibit Description
     
4.1   Articles of Incorporation (1)
     
4.2   Bylaws (1)
     
4.3   Sealand Natural Resources Inc. 2014 Equity Incentive Award Plan*
     
5.1   Opinion of Szaferman, Lakind, Blumstein & Blader, P.C.*
     
23.1   Consent of Thomas J. Harris, CPA, independent registered public accounting firm*
     
23.2   Consent of Szaferman, Lakind, Blumstein & Blader, P.C. (included in Exhibit 5.1)

 

(1)   Filed as an Exhibit on Form S-1 with the SEC on July 15, 2011.

 

* Filed Herewith

 

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