-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, q7NClNCOgK0Ng1Ew0hh+aCLM75vlq4fx4nI4JgVIPl0GcPNjUOtYQMaAgtR3TEHd zJuXg8Eym/qfN2AZfcSPZg== 0000738076-94-000023.txt : 19940830 0000738076-94-000023.hdr.sgml : 19940830 ACCESSION NUMBER: 0000738076-94-000023 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19940829 EFFECTIVENESS DATE: 19940917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 3COM CORP CENTRAL INDEX KEY: 0000738076 STANDARD INDUSTRIAL CLASSIFICATION: 3577 IRS NUMBER: 942605794 STATE OF INCORPORATION: CA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 033-55265 FILM NUMBER: 94546582 BUSINESS ADDRESS: STREET 1: 5400 BAYFRONT PLZ CITY: SANTA CLARA STATE: CA ZIP: 95052 BUSINESS PHONE: 4087645000 S-8 1 FORM S-8 FIRST TRY, 8/26/94 Registration No.____________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 3COM CORPORATION (Exact name of registrant as specified in its charter) CALIFORNIA 94-2605794 (State or other jurisdiction (I.R.S. employer of incorporation or organization) identification no.) 5400 BAYFRONT PLAZA SANTA CLARA, CALIFORNIA 95052-8145 (Address of principal executive offices) (Zip code) 3COM CORPORATION 1994 STOCK OPTION PLAN (Full title of the plan) Mark D. Michael Vice President, Secretary and General Counsel 3Com Corporation 5400 Bayfront Plaza Santa Clara, California 95052-8145 (Name and address of agent for service) Telephone number, including area code, of agent for service: (408)764-5000 This registration statement shall hereafter become effective in accordance with Rule 462 promulgated under the Securities Act of 1933, as amended. CALCULATION OF REGISTRATION FEE Proposed Proposed maximum maximum offering aggregate Amount Title of Securities Amount to be price per offering of registration to be registered registered share (1) price (1) fee (1) Common Stock 3,800,000 $29.6875 $112,812,500 $38,900.86 (1) Estimated pursuant to Rule 457 solely for purposes of calculating the registration fee. The price is based upon the 50% of the average of the high and low prices of the Common Stock on August 19, 1994, as reported on the National market Association of Securities Dealers Automated Quotations system, as the market price does not reflect the 2:1 stock split as reported to the Securities and Exchange Commission on Form 10-C on August 24, 1994. PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of Documents by Reference 3Com Corporation ("the Company") hereby incorporates by reference in this registration statement the following documents: (a) The Company's latest annual report on Form 10-K filed pursuant to Sections 13(a) or 5(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), containing audited financial statements for the Company's latest fiscal year. (b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the document referred to in (a) above. (c) The description of the Company's Common Stock contained in the Company's Registration Statement on Form 8-A filed with the Securities and Exchange Commission on September 28, 1984 pursuant to the Exchange Act, including any amendment or report filed for the purpose of updating such description. (d) The description of certain Common Stock Purchase Rights that at the present time are represented by and may only be transferred with the Company's Common Stock, which description is contained in the Company's Registration Statement on Form 8-A filed with the Securities and exchange Commission on September 22, 1989 pursuant to the Exchange Act, including any amendment or report filed for the purpose of updating such description. All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents. Item 4. Description of Securities The class of securities to be offered is registered under Section 12 of the Exchange Act. Item 5. Interests of Named Experts and Counsel Inapplicable. Item 6. Indemnification of Directors and Officers Section 204 of the General Corporation Law of the State of California authorizes a corporation to adopt a provision in its articles of incorporation eliminating the personal liability of directors to corporations and their shareholders for monetary damages for breach or alleged breach of directors' "duty of care." Following a California corporation's adoption of such a provision, its directors are not accountable to corporations and their shareholders for monetary damages for conduct constituting negligence (or gross negligence) in the exercise of their fiduciary duties; directors continue to be subject to equitable remedies such as injunction or rescission. Under California law, a director also continues to be liable for: (1) a breach of his or her duty of loyalty; (2) acts or omissions not in good faith or involving intentional misconduct or knowing violations of law; (3) illegal payments of dividends and (4) approval of any transaction from which a director derives an improper personal benefit. The adoption of such a provision in the articles of incorporation also does not limit directors' liability for violations of the federal securities laws. Section 317 of the General Corporation Law of the State of California makes provision for the indemnification of officers, directors and other corporate agents in terms sufficiently broad to indemnify such persons, under certain circumstances, for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of 1933. A recent amendment to Section 317 provides that the indemnification provided by this section is not exclusive to the extent additional rights are authorized in a corporation's articles of incorporation. The Company has adopted provisions in its Articles of Incorporation which eliminate the personal liability of its directors to the Company and its shareholders for monetary damages for breach of the directors' fiduciary duties in certain circumstances and authorize the Company to indemnify its officers, directors and other agents, by bylaw, agreements or otherwise, to the full extent permitted by law. Item 7. Exemption From Registration Claimed Inapplicable. Item 8. Exhibits See Exhibit Index. Item 9. Undertakings (a) Rule 415 Offering 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; (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 (a)(1)(i) and (a)(l)(ii) do not apply if the registration statement is on Form S-3 or Form S8, and the information required to be included in a posteffective 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 Securities Act of 1933, 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 posteffective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) Filing incorporating subsequent Exchange Act documents by reference The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, 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) Request for acceleration of effective date or filing of registration statement on Form S-8 Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 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 Act and will be governed by the final adjudication of such issue. 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 Santa Clara, State of California, on August 26, 1994. 3COM CORPORATION By: /s/ Mark D. Michael Mark D. Michael, Vice President, Secretary and General Counsel POWER OF ATTORNEY The officers and directors of 3Com Corporation whose signatures appear below, hereby constitute and appoint Christopher B. Paisley and Mark D. Michael, and each of them, their true and lawful attorneys and agents, with full power of substitution, each with power to act alone, to sign and execute on behalf of the undersigned any amendment or amendments to this registration statement on Form S-8, and each of the undersigned does hereby ratify and confirm all that each of said attorney and agent, or their or his substitutes, shall do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on August 26, 1994. Signature Title /s/ Eric A. Benhamou Eric A. Benhamou President, Chief Executive Officer, and Director (Principal Executive Officer) /s/ Christopher B. Paisley Christopher B. Paisley Vice President, Finance and Chief Financial Officer (Principal Financial and Accounting Officer) /s/ James L. Barksdale James L. Barksdale Director /s/ Gordon A. Campbell Gordon A. Campbell Director /s/ Jean-Louis Gassee Jean-Louis Gassee Director /s/ Jack L. Hancock Jack L. Hancock Director /s/ Stephen C. Johnson Stephen C. Johnson Director /s/ Philip C. Kantz Philip C. Kantz Director /s/ William F. Zuendt William F. Zuendt Director EXHIBIT INDEX 4.1 Amended and Restated Articles of Incorporation are incorporated by reference to the Company's Form 10-Q filed with the Securities and Exchange Commission on January 2, 1991 (File No. 0-12867) and to the Company's Form 10-K filed with the Securities and Exchange Commission on August 26, 1994. 4.2 By-laws are incorporated by reference to the Company's registration statement on Form S-8 filed with the Securities and Exchange Commission on November 24, 1993 (File No. 33 72158). 4.3 Shareholder Rights Plan is incorporated by reference to the Company's Current Report on Form 8-K (File No. 0-12867, effective September 8, 1989). 5 Opinion regarding legality. 23.1 Consent of Counsel (included in Exhibit 5). 23.2 Consent of Deloitte & Touche LLP, independent auditors. 23.3 Consent of Levine, Zeidman & Daitch, P.C., independent auditors 24 Power of Attorney (included in signature pages to this registration statement). EX-5 2 EXHIBIT 5 TO FORM S-8, FILED 8/26/94 EXHIBIT 5 August 26, 1994 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: 3Com Corporation 1994 Stock Option Plan Registration Statement on Form S-8 Ladies and Gentlemen: As legal counsel for 3Com Corporation, a California corporation (the "Company"), we are rendering this opinion in connection with the registration under the Securities Act of 1933, as amended, of up to 3,800,000 shares of the Common Stock of the Company which may be issued pursuant to the 3Com Corporation 1994 Stock Option Plan (the "Plan"). We have examined all instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies. We are admitted to practice only in the State of California and we express no opinion concerning any law other than the law of the State of California, and the federal law of the United States. Based on such examination, we are of the opinion that the 3,800,000 shares of Common Stock which may be issued pursuant to the Plan are duly authorized shares of the Company's Common Stock, and, when issued against payment of the purchase price therefor in accordance with the provisions of the Plan, will be validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement referred to above and the use of our name wherever it appears in said Registration Statement. Respectfully submitted, /s/ GRAY CARY WARE & FREIDENRICH GRAY CARY WARE & FREIDENRICH A Professional Corporation EX-23 3 EXHIBIT 23 TO FORM S-8, FILED 8/26/94 EXHIBIT 23.2 CONSENT OF DELOITTE & TOUCHE LLP We consent to the incorporation by reference in this Registration Statement of 3Com Corporation on Form S-8 of our report dated June 15, 1994, appearing in the Annual Report on Form 10-K of 3Com Corporation for the year ended May 31, 1994. /s/ DELOITTE & TOUCHE LLP DELOITTE & TOUCHE LLP San Jose, California August 23, 1994 EX-23 4 EXHIBIT 23.3 FOR FORM S-8, FILED 8/26/94 EXHIBIT 23.3 CONSENT OF LEVINE, ZEIDMAN & DAITCH, P.C., We consent to the incorporation by reference in this Registration Statement of 3Com Corporation on Form S-8 of our report dated February 24, 1992 relating to the financial statements of StarTek, Inc. for the year ended December 31, 1991 appearing in the Annual Report on Form 10K of 3Com Corporation for the year ended May 31, 1994. /s/ LEVINE, ZEIDMAN & DAITCH, P.C. LEVINE, ZEIDMAN & DAITCH, P.C. Wellesley Hills, Massachusetts August 23, 1994 -----END PRIVACY-ENHANCED MESSAGE-----