-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G9huZV3KYF8w0Sk8BE2b+rBtm3DKzzJfTUx6bLGhLjr9jCez41szs1ZRt4j3P3jL R9ghIsh7HQ9+OoeoT0ygGQ== 0000738076-95-000018.txt : 19951023 0000738076-95-000018.hdr.sgml : 19951023 ACCESSION NUMBER: 0000738076-95-000018 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951019 EFFECTIVENESS DATE: 19951107 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: 3COM CORP CENTRAL INDEX KEY: 0000738076 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [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: 033-63547 FILM NUMBER: 95582470 BUSINESS ADDRESS: STREET 1: 5400 BAYFRONT PLZ CITY: SANTA CLARA STATE: CA ZIP: 95052 BUSINESS PHONE: 4087645000 S-8 1 Registration No.____________ UNITED STATES 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 identification no.) of incorporation or organization) 5400 Bayfront Plaza Santa Clara, CA 95052-8145 (Address of principal executive offices) (Zip code) Certain Individual Employee Stock Options Assumed by 3Com Corporation and Granted Under the Chipcom Corporation 1983 Stock Option Plan, 1991 Stock Option Plan and 1991 Director Option Plan and Under the Artel Communications Corporation Stock Option Plan Assumed by Chipcom Corporation 3Com Corporation Restricted Stock Plan 3Com Corporation First Amended and Restated 1984 Employee Stock Purchase Plan (Full title of the plan) Mark D. Michael Vice President, Secretary and General Counsel 3Com Corporation 5400 Bayfront Plaza Santa Clara, CA 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 Title of maximum maximum securities Amount offering aggregate Amount of to be to be price per offering registration registered registered share price fee Assumed Individual Chipcom Employee Stock Option Agreements Common Stock 2,368,971 $22.83 $54,083,607.93 $18,649.65 Par Value $0.001 3Com Corporation Restricted Stock Plan Common Stock 500,000 $45.00 $22,500,000.00 $7,758.68 3Com Corporation 1984 Employee Stock Purchase Plan Common Stock 6,000,000 $38.25 $229,500,000.00 $79,138.49 TOTAL 8,868,971 $306,083,607.93 $105,546.82 Estimated pursuant to Rule 457 solely for purposes of calculating the registration fee. As to shares subject to outstanding but unexercised options, the price is computed on the basis of the exercise price. As to the remaining shares under the Restricted Stock Plan, the price is based upon the average of the high and low prices of the Common Stock on October 12, 1995, as reported on the National Association of Securities Dealers Automated Quotations System. The 1984 Employee Stock Purchase Plan establishes a purchase price equal to 85% of the fair market value of the Company's Common Stock and, therefore, the price for purchase rights under this plan is based upon 85% of the average of the high and low prices of the Common Stock on October 12, 1995, as reported on the National Association of Securities Dealers Automated Quotations System. 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 prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the "Securities Act of 1933") containing audited financial statements for the Company's latest fiscal year. The prospectus is included in the Company's Registration Statement on Form S-4 (No. 33-62297, effective September 11, 1995). (b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934, as amended (the "Exchange Act") since the end of the fiscal year covered by the registrant 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 under the Exchange Act on September 28, 1984, 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 S-8, and the information required to be included in a post-effective 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 post-effective 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. SIGNATURE 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 Santa Clara, State of California, on October 16, 1995. 3Com Corporation /s/ Mark D. Michael By:____________________ 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, this registration statement has been signed by the following persons in the capacities indicated on October 16, 1995. Signature Title /s/ Eric A. Benhamou __________________________ Eric A. Benhamou President, Chief Executive Officer and Chairman of the Board (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 __________________________ David W. Dorman Director __________________________ Jean-Louis Gassee Director /s/ Stephen C. Johnson __________________________ Stephen C. Johnson Director /s/ Philip C. Kantz __________________________ Philip C. Kantz Director __________________________ William F. Zuendt Director EXHIBIT INDEX 4.1 Certificate of Amendment of the Amended and Restated Articles of Incorporation 4.2 Certificate of Amendment of the Amended and Restated Articles of Incorporation are incorporated by reference to Exhibit 3.2 to the Company's Form 10-K filed with the Securities and Exchange Commission on August 31, 1994 (File No. 0-12867) 4.3 Amended and Restated Articles of Incorporation are incorporated by reference to Exhibit 19.1 to the Company's Form 10-Q filed with the Securities and Exchange Commission on January 1, 1991 (File No. 0-12867) 4.4 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) 4.5 Amended and Restated Rights Agreement is incorporated by reference to the Company's Form 10-Q filed with the Securities and Exchange Commission on January 13, 1995 (File No. 0-12867) 4.6 Agreement and Plan of Merger dated as of July 26,1995 among 3Com Corporation, Chipcom Acquisition Corporation and Chipcom Corporation is incorporated by reference to Exhibit 2.1 to the Company's Form S-8 filed with the Securities and Exchange Commission on August 31, 1995 (File No. 33-62297). 5 Opinion re legality 23.1 Consent of Counsel (included in Exhibit 5) 23.2 Consent of Deloitte & Touche LLP 23.3 Consent of KPMG Peat Marwick LLP 24 Power of Attorney (included in signature pages to this registration statement) EXHIBIT 4.1 (A464416 Endorsed Filed in the office of the Secretary of State of the State of California Aug. 4, 1995 Bill Jones, Secretary of State) CERTIFICATE OF AMENDMENT OF THE AMENDED AND RESTATED ARTICLES OF INCORPORATION OF 3COM CORPORATION The undersigned, Mark D. Michael, hereby certifies that: 1. He is both a duly elected and acting Vice President and the duly elected and acting Secretary of 3Com Corporation, a California corporation (the "Corporation"). 2. Article III of the Amended and Restated Articles of Incorporation of the Corporation is hereby amended to read in full as follows: "ARTICLE III STOCK _____ This corporation is authorized to issue two classes of shares, designated respectively "Common Stock" and "Preferred Stock". Upon amendment of this Article to read as herein set forth, the number of shares of Common Stock which this corporation is authorized to issue is 4,000,000, the number of shares of Preferred Stock which this corporation is authorized to issue is 3,000,000, and each share of outstanding Common Stock is converted into and reconstituted as two (2) shares of Common Stock. The Preferred Stock may be issued from time to time in one or more series. The Board of Directors of this corporation is authorized to determine the designation of any series, to fix the number of shares of any series, to determine or alter the rights, preferences, privileges and restrictions granted to or imposed upon any wholly unissued series of Preferred Stock, and within the limits or restrictions stated in any resolution or resolutions of the Board of Directors originally fixing the number of shares constituting any series, to increase or decrease (but not below the number of shares of any such series then outstanding) the number of shares of any such series subsequent to the issue of shares of that series." 3. The foregoing amendment of the Amended and Restated Articles of Incorporation has been duly approved by the Board of Directors of the Corporation in accordance with section 902(c) of the California Corporations Code. The Corporation has only one class of shares outstanding. Executed at Santa Clara, California, on the 3rd day of August 1995. /s/ Mark D. Michael ___________________ Mark D. Michael, Vice President and Secretary The undersigned declares under penalty of perjury that the matters set forth in the foregoing certificate are true and correct of his own knowledge. Executed at Santa Clara, California, on the 3rd day of August 1995. /s/ Mark D. Michael ___________________ Mark D. Michael, Vice President and Secretary EXHIBIT 5 October 17, 1995 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Registration Statement on Form S-8 Registering Shares Issuable Under the 3Com Corporation Restricted Stock Plan, Under the 3Com Corporation First Amended and Restated 1984 Employee Stock Purchase Plan and Under Certain Individual Employee Stock Options Assumed by 3Com Corporation and Granted Under the Chipcom Corporation 1983 Stock Option Plan, 1991 Stock Option Plan and 1991 Director Option Plan and Under the Artel Communications Corporation Stock Option Plan 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 8,868,971 shares of the Common Stock, without par value, of the Company which may be issued pursuant to the exercise of options and purchase rights granted under the 3Com Corporation Restricted Stock Plan and First Amended and Restated 1984 Employee Stock Purchase Plan (the "Plans") and under certain individual employee stock options assumed by 3Com Corporation and granted under the Chipcom Corporation 1983 Stock Option Plan, 1991 Stock Option Plan and 1991 Director Option Plan and under the Artel Communications Corporation Stock Option Plan (the "Agreements"). 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 8,868,971 shares of Common Stock which may be issued upon exercise of options, the grant of restricted stock and the exercise of purchase rights pursuant to the Plans and the Agreements are duly authorized shares of the Company's Common Stock, and, when issued against payment of the purchase price therefor or otherwise in accordance with the provisions of the Plans and the Agreements, will be validly issued, fully paid and non-assessable. 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 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 28, 1995 (August 25, 1995 as to the first paragraph of Note 9), appearing in the Registration Statement No. 33-62297 of 3Com Corporation on Form S-4. /s/ Deloitte & Touche LLP DELOITTE & TOUCHE LLP San Jose, California October 17, 1995 EXHIBIT 23.3 CONSENT OF KPMG PEAT MARWICK LLP The Board of Directors Primary Access Corporation: We consent to the incorporation by reference of our report appearing in the Registration Statement No. 33-62297 of 3Com Corporation on Form S-4 and relating to the balance sheet of Primary Access Corporation as of October 3, 1993, and the related statements of operations, stockholders' equity (deficit), and cash flows for the fifty-three weeks ended October 3, 1993 and the fifty-two weeks ended September 27, 1992. /s/ KPMG Peat Marwick LLP San Diego, California October 17, 1995 -----END PRIVACY-ENHANCED MESSAGE-----