As filed with the Securities and Exchange Commission on October 1, 2001.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
THE REYNOLDS AND REYNOLDS COMPANY
(Exact name of registrant as specified in its charter)
OHIO | 31-0421120 | |
(State or jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
115 SOUTH LUDLOW STREET, DAYTON, OHIO 45402
(Address of principal executive offices) (Zip code)
THE REYNOLDS AND REYNOLDS COMPANY
STOCK OPTION PLAN1995
THE REYNOLDS AND REYNOLDS COMPANY
1996 SHARES PLAN
THE REYNOLDS AND REYNOLDS COMPANY
2001 SHARES PLAN
(Full title of the plan)
DOUGLAS M. VENTURA, ESQ.
GENERAL COUNSEL AND SECRETARY
THE REYNOLDS AND REYNOLDS COMPANY
115 SOUTH LUDLOW STREET, DAYTON, OHIO 45402
(Name and address of agent for service)
(937) 485-2000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be registered |
Amount to be registered |
Proposed maximum offering price per share(2) |
Proposed maximum aggregate offering price(2) |
Amount of registration fee(2) |
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Class A Common Shares, no par value, issuable pursuant to Stock Option Plan1995 (1) | 2,000,000 | $22.15 | $44,300,000 | $11,075 | ||||
Class A Common Shares, no par value, issuable pursuant to the 1996 Shares Plan(1) | 500,000 | 22.15 | 11,075,000 | 2,769 | ||||
Class A Common Shares, no par value, issuable pursuant to the 2001 Shares Plan(1) | 500,000 | 22.15 | 11,075,000 | 2,769 |
The information specified in Part I of Form S-8 is not required to be filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Note 1 to Part I of Form S-8 and Rule 424 under the Securities Act of 1933, as amended. The information required in the Section 10(a) prospectus is included in the documents being maintained and delivered by The Reynolds and Reynolds Company as required by Part I of Form S-8 and by Rule 428 under the Securities Act.
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated herein by reference:
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(a) | The Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2000. | |
(b)(1) |
The Company's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2000. |
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(b)(2) |
The Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2001. |
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(b)(3) |
The Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2001. |
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(c)(1) |
The "Description of Registrant's Securities to be Registered" on page 2 of the Registrant's Amended Registration Statement on Form 8-A/A which was filed with the Securities and Exchange Commission on October 20, 1998. |
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(c)(2) |
The "Description of Registrant's Securities to be Registered" on pages 2 through 6 of the Registrant's Registration Statement on Form 8-A which was filed with the Securities and Exchange Commission on April 18, 2001. |
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered 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. 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 subsequently filed document which also is or is 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.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The legality of the shares of Class A Common Shares issuable under the Plans has been passed upon for the Registrant by Douglas M. Ventura, Esq., General Counsel and Secretary of the Registrant.
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Mr. Ventura holds options to purchase 84,080 shares of the Registrant's Class A Common Shares, of which 19,520 shares are vested and exercisable.
Item 6. Indemnification of Directors and Officers.
Pursuant to Section 1701.13(E) of the Ohio Revised Code, the Registrant is permitted to indemnify any director, officer, employee or agent of the Registrant against costs and expenses incurred in connection with any action, suit or proceeding brought against any such person by reason of his having served the Registrant in such capacity, provided that he meets certain "good faith" tests provided by law, and provided further that, with respect to suits brought on behalf of the Registrant, he is not adjudged to be liable for negligence or misconduct unless the relevant court finds indemnification to be nevertheless appropriate in view of all of the circumstances. The statute also provides that in the event an officer or director has been successful on the merits in defense of any such action, suit or proceeding, such officer or director shall be indemnified by the Registrant against actual and reasonable expenses in connection therewith.
Article Ninth of the Registrant's Amended Articles of Incorporation provides that, as more specifically set forth in the Registrant's Amended and Restated Consolidated Code of Regulations, the Registrant may provide to any director, officer, other employee or agent of the Registrant or any person who serves at the request of the Registrant as a director, trustee, other employee or agent of another corporation, partnership, joint venture, trust or other enterprise, the maximum indemnification permitted under Section 1701.13(E) of the Ohio Revised Code, including amendments thereto, or any comparable provisions of any future Ohio statute.
Paragraph B of Section 1 of Article IX of the Registrant's Amended and Restated Consolidated Code of Regulations provides for indemnification of directors, officers, and employees of the Registrant, and persons who, at the request of the Registrant act as a director, trustee, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses actually and reasonably incurred in connection with any action as to which he was or is or may be made a party by reason of his acting in such capacity, involving a matter as to which it shall be determined, as provided therein, that he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Registrant, and, with respect to any criminal matter or proceeding, in addition, that he had no reasonable cause to believe that his conduct was unlawful; provided, however, that in the case of an action by or in the right of the Registrant to procure a judgment in its favor, no such indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged liable for negligence or misconduct in the performance of his duty to the Registrant unless, and only to the extent that, the Court of Common Pleas or other court in which such action was brought shall determine such indemnification to be proper.
Item 7. Exemption from Registration Claimed.
Not applicable.
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Exhibit No. |
Document |
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(4)(a) |
Specimen Certificate for Class A Common Shares of the Registrant incorporated by reference to Exhibit 4(a) to the Registrant's Registration Statement on Form S-3, No. 333-72639, filed with the Securities and Exchange Commission on February 19, 1999. |
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(4)(b) |
Amended and Restated Articles of Incorporation of the Registrant, incorporated by reference to Exhibit A to the Registrant's definitive proxy statement dated January 5, 1995, and the amendment thereto incorporated by reference to Exhibit 2 of the Registrant's Form 8A/A dated October 20, 1998. |
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(4)(c) |
Amended and Restated Consolidated Code of Regulations of the Registrant, incorporated by reference to Exhibit A to the Registrant's definitive proxy statement dated January 8, 2001, and filed with the Securities and Exchange Commission on December 29, 2000. |
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(4)(d) |
Rights Agreement, dated April 18, 2001, by and between The Reynolds and Reynolds Company and Wells Fargo Bank Minnesota, N.A. incorporated by reference to Exhibit 4 to the Registrant's Form 8-A which was filed with the Securities and Exchange Commission on April 18, 2001. |
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(4)(e) |
The Reynolds and Reynolds Company Stock Option Plan1995 incorporated by reference to Exhibit B of the Registrant's definitive proxy statement dated January 5, 1995 and filed with the Securities and Exchange Commission on December 22, 1994. |
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(4)(f) |
The Reynolds and Reynolds Company 1996 Shares Plan incorporated by reference to Exhibit 4(e) of the Registrant's Registration Statement on Form S-8, No. 333-85179, filed with the Securities and Exchange Commission on August 13, 1999. |
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(4)(g) |
The Reynolds and Reynolds Company 2001 Shares Plan.* |
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(5) |
Opinion of Douglas M. Ventura, General Counsel of The Reynolds and Reynolds Company.* |
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(15) |
Inapplicable. |
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(23)(a) |
Consent of Deloitte & Touche LLP, independent auditors* |
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(24) |
Power of Attorney* |
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(99) |
Inapplicable. |
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individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if 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 Securities Exchange Act of 1934 that are incorporated by reference in this registration statement.
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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 this Registration Statement 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 Dayton, State of Ohio, on October 1, 2001.
THE REYNOLDS AND REYNOLDS COMPANY | ||||
By: |
/s/ DOUGLAS M. VENTURA Douglas M. Ventura, General Counsel and Secretary |
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THE REYNOLDS AND REYNOLDS COMPANY
2001 SHARES PLAN
Section 1. Purposes.
The Reynolds and Reynolds Company 2001 Shares Plan is intended to promote the growth and general prosperity of The Reynolds and Reynolds Company and its Subsidiaries, as defined in Section 2 below, by providing employees of the Company with an additional incentive to contribute to its success, by assisting the Company in attracting and retaining the best available personnel and by increasing the identity of interests of employees with those of the shareholders of the Company. It is intended that these purposes be effected through the granting of Options, as such term is defined in Section 2 below.
Section 2. Definitions.
Whenever the following terms are used in this Plan they shall have the meaning specified below, unless the context otherwise requires.
For purposes of this definition, the term "Company" shall not include any Subsidiary.
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could be seriously damaging to the Company without a reasonable good faith belief by the Optionee that his conduct was in the best interests of the Company. An Optionee's voluntary Termination of Employment in anticipation of a Termination for Cause shall be deemed to be a Termination for Cause.
Section 3. Shares Subject to Plan.
Section 4. Granting of Options.
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Section 5. Terms of Options.
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(i) determine the time period after an Optionee's Termination of Employment within which the Optionee may exercise Options that the Optionee was entitled to exercise on the date of Termination of Employment or any other Options for which the Committee has determined to accelerate exercisability pursuant to Section 5(d)(ii)(F)(ii), provided, however, that the time period within which to exercise Options shall not be less than sixty (60) days of the date of Termination of Employment, subject to the ten-year limitation in Section 5(d)(i);
(ii) accelerate the exercisability of all, or any portion of, those Options which have not yet become exercisable as of the date of the Optionee's Termination of Employment;
(iii) permit the Optionee to continue participation in the Plan after the date of Termination of Employment and to allow Options, subject to the ten-year limitation in Section 5(d)(i), to be exercised by the Optionee as fully as if he had remained continuously employed by the Company; and/or
(iv) automatically convert each Option into a right to receive cash from the Company in an amount equal to (a) the product of the number of Shares covered by the Options on the date of termination times the Fair Market Value per Share less (b) the exercise price per Share covered by the Options immediately prior to the date of the Optionee's Termination of Employment. Nothing in this Plan shall grant the Optionee the right to receive any of the adjustments described above.
If the Committee does not otherwise specify, if an Optionee's employment is terminated by the Company (other than a Termination for Cause), the Options of such Optionee, may, subject to the ten-year limitation in Section 5(d)(i), be exercised by the Optionee within sixty (60) days of the date of Termination of Employment, to the extent the Optionee was entitled to exercise the Options on that date, as fully as if he had remained continuously employed by the Company.
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consideration as to which all outstanding Options, or portions thereof then unexercised, shall be exercisable. Such adjustment in an outstanding Option shall be made without change in the total price applicable to the Option or the unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share quantities or prices) and with any necessary corresponding adjustment in Option Price per share. Any such adjustment made by the Committee shall be final and binding upon all Optionees, the Company and all other interested persons.
Section 6. Exercise of Options.
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relating to Cashless Exercise, or provide that Options may no longer be exercised by Cashless Exercise, for any reason whatsoever, including without limitation any change in accounting principles or practices, exchange controls or applicable laws or regulations.
Section 7. AdministrationDuties and Powers of Committee.
It shall be the duty of the Committee to conduct the general administration of the Plan in accordance with its provisions. The Committee shall have the power to interpret the Plan and the Options and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. Any such interpretations and rules shall be consistent with the basic purposes of the Plan. In its absolute discretion, the Board may at any time, and from time to time, exercise any and all rights and duties of the Committee under the Plan.
Section 8. Compliance with Laws and Regulations.
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hereafter amended, or unless counsel for the Company has rendered to the Company an opinion that such sale, pledge, hypothecation or other distribution may be carried out without registration of such Shares under said Act; and (iii) agree, in form satisfactory to counsel for the Company, that an appropriate legend may be placed on the stock certificate or certificates evidencing ownership of Shares acquired hereunder, which legend shall reflect the restrictions on disposition contained herein; provided, however, that the foregoing condition and the representation and agreements called for thereby with respect to the Shares shall be inoperative and shall expire in the event that either (A) the Shares are registered under the Securities Act of 1933, as now or hereafter amended or (B) in the opinion of counsel for the Company, such condition, representation, and agreements are not necessary under said Act or any rule or regulation promulgated pursuant thereto.
Section 9. Reservation of Shares.
The Company, during the term of this Plan, will at all times, consistent with Section 3, reserve and keep available such number of Shares as, in the judgment of the Board, shall be sufficient to satisfy the requirements of the Plan.
Section 10. Discretionary Cancellation in Case of Merger, Acquisition or Other Reorganization.
Anything to the contrary notwithstanding, if the Company is the subject of a merger, acquisition or other reorganization in which the Company is not the surviving entity, the Company shall, at its Option exercisable by the affirmative vote of seventy-five percent (75%) of the members of the Board duly elected and serving immediately prior to the proposed transaction, have the right to cancel, immediately prior to the effective date of such merger, acquisition or reorganization, all outstanding Options issued under this Plan by giving written notice to each Optionee or his personal representative of its intention to do so and by permitting the purchase during the thirty-day period next preceding such effective date of all Shares subject to such outstanding Options.
Section 11. Disclaimer of Liability.
Inability of the Company to obtain from any regulatory body the authority deemed by the Company's counsel to be necessary to the lawful grant of Options or issuance of any Shares thereunder shall relieve the Company and the Committee of any liability relating to the failure to grant such Options or to issue such Shares.
Section 12. Tax Withholding.
In connection with the grant and exercise of Options, the Optionee or other holder of an Option may be required to pay to the Company or a Subsidiary, as appropriate, the amount of any federal, state or local taxes which the Company or Subsidiary is required by law to withhold with respect to such transactions.
Section 13. Indemnification.
Each person who is or shall have been a member of the Committee or of the Board shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by him in connection with or resulting from any claim, action, suit or proceeding to which he may be a party or in which he may be involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by him in settlement thereof, with the Company's approval, or paid by him in satisfaction of judgment in any such action, suit or proceeding against him; provided he shall give the Company an opportunity, at its own expense, to handle and defend the same before he undertakes to handle and defend it on his own
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behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person may be entitled under the Company's Articles of Incorporation or Code of Regulations, as a matter of law, or otherwise, or any power that the Company may have to indemnify him or hold him harmless.
Section 14. Notices.
Each notice relating to this Plan shall be in writing and delivered in person or by certified mail to the proper address. Each notice shall be deemed to have been given on the date it is received. Each notice to the Committee shall be addressed as follows:
The Reynolds and Reynolds Company 115 South Ludlow Street Dayton, Ohio 45402 |
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Attention: | c/o Ms. Donna Currens 2001 Shares Plan Committee |
Each notice to an Optionee or other holder of an Option shall be addressed to the Optionee or such other holder, as the case may be, at the Optionee's address set forth in the Option or in the Company's current personnel records. Anyone to whom a notice may be given under this Plan may designate, by writing filed with the Committee, a new address.
Section 15. Term of Plan.
This Plan shall expire September 30, 2006, unless sooner terminated under Section 17(b).
Section 16. Benefits of the Plan.
This Plan shall inure to the benefit of and be binding upon each successor of the Company. All rights and obligations imposed upon an Optionee shall be binding upon the Optionee's heirs, legal representatives and successors.
Section 17. Miscellaneous Provisions.
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October 1, 2001
Ladies and Gentlemen:
As General Counsel and Secretary for The Reynolds and Reynolds Company (the "Company"), I am familiar with the Amended Articles of Incorporation of the Company under the laws of the State of Ohio, its Amended and Restated Consolidated Code of Regulations, and the respective actions taken by the Company's shareholders and its Board of Directors in connection therewith, and all subsequent corporate proceedings with respect thereto.
In addition, I am familiar with the preparation of this Registration Statement on Form S-8 currently being filed with the Securities and Exchange Commission registering 3,000,000 Class A Common Shares (the "Shares") issuable under the Company's Stock Option Plan1995, the Company's 1996 Shares Plan and the Company's 2001 Shares Plan (collectively, the "Plans").
I am also familiar with the business activities of the Company and have examined corporate minute books, records and such other documents as I have deemed necessary in order to render to you the following opinion.
Based upon the foregoing, I am of the opinion that:
Very truly yours,
/s/ Douglas M. Ventura
Douglas
M. Ventura
General Counsel
and Secretary
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement relating to 3,000,000 shares of Class A Common Shares of The Reynolds and Reynolds Company on Form S-8 of our report dated November 14, 2000, appearing in the Annual Report on Form 10-K of the Reynolds and Reynolds Company for the year ended September 30, 2000.
/s/ DELOITTE & TOUCHE LLP
DELOITTE &
TOUCHE LLP
Dayton, Ohio
September 27, 2001
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Lloyd G. Waterhouse and Douglas M. Ventura, and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all future amendments to this Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and things and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully 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 date(s) indicated.
/s/ DAVID R. HOLMES David R. Holmes, Chairman of the Board |
October 1, 2001 | |
/s/ LLOYD G. WATERHOUSE Lloyd G. Waterhouse, President, Chief Executive Officer and Director |
October 1, 2001 |
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/s/ DALE L. MEDFORD Dale L. Medford, Executive Vice President, Finance, Chief Financial Officer and Director |
October 1, 2001 |
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/s/ DAVID E. FRY Dr. David E. Fry, Director |
October 1, 2001 |
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/s/ RICHARD H. GRANT III Richard H. Grant, III, Director |
October 1, 2001 |
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/s/ CLEVE L. KILLINGSWORTH, JR. Cleve L. Killingsworth, Jr., Director |
October 1, 2001 |
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/s/ PHILIP A. ODEEN Philip A. Odeen, Director |
October 1, 2001 |
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/s/ DONALD K. PETERSON Donald K. Peterson, Director |
October 1, 2001 |