-----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, DSfsJkfCYDdsceDrJBdFoELABU80eujQ5Um5KeYd3if0v3MDA8yAxjBPVbxNVTrp FHLIF8RrE4BqOQjF2caM/w== 0000912057-01-002233.txt : 20010123 0000912057-01-002233.hdr.sgml : 20010123 ACCESSION NUMBER: 0000912057-01-002233 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20010119 EFFECTIVENESS DATE: 20010119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACTV INC /DE/ CENTRAL INDEX KEY: 0000854152 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 942907258 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: SEC FILE NUMBER: 333-54038 FILM NUMBER: 1512048 BUSINESS ADDRESS: STREET 1: 1270 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2122622571 MAIL ADDRESS: STREET 1: 12270 AVE OF THE AMERICAS #2401 STREET 2: 12270 AVE OF THE AMERICAS #2401 CITY: NEW YORK STATE: NY ZIP: 10020 S-8 1 a2035897zs-8.txt S-8 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 19, 2001 REGISTRATION NO. 333- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ACTV, INC. (Exact Name of Registrant as Specified in Its Charter) DELAWARE (State or Other Jurisdiction of Incorporation or Organization) 94-2907258 (I.R.S. Employer Identification No.) 225 PARK AVENUE, 18TH FLOOR, NEW YORK, NEW YORK 10003-1604 ---------------------------------------------------------- (Address, including Zip Code, of Principal Executive Offices) 2000 STOCK INCENTIVE PLAN ------------------------- (Full Title of the Plan) Copies To: DAY L. PATTERSON, ESQ. JAY M. KAPLOWITZ, ESQ. EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL GERSTEN, SAVAGE & KAPLOWITZ, LLP ACTV, INC 101 EAST 52ND STREET 225 PARK AVENUE, 18TH FLOOR NEW YORK, NEW YORK 10022 NEW YORK, NEW YORK 10003-1604 (212) 752-9700 (212) 217-1600 If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box [x] 1 CALCULATION OF REGISTRATION FEE
- ----------------------------- ---------------------- ----------------------------- ----------------------- ------------------- TITLE OF SECURITIES TO BE AMOUNT BEING PROPOSED MAXIMUM OFFERING PROPOSED MAXIMUM AMOUNT OF REGISTERED REGISTERED PRICE PER SECURITY (1) AGGREGATE OFFERING REGISTRATION FEE PRICE - ----------------------------- ---------------------- ----------------------------- ----------------------- ------------------- Common Stock, par value 3,379,665 $8.55 $28,896,135.00 $7,224.04 $.10 per share (2) - ----------------------------- ---------------------- ----------------------------- ----------------------- ------------------- Common Stock, par value 620,335 $4.906 $3,043,363.50 $760.85 $.10 per share (2) - ----------------------------- ---------------------- ----------------------------- ----------------------- ------------------- TOTAL 4,000,000 $7,984.89 - ----------------------------- ---------------------- ----------------------------- ----------------------- -------------------
(1) The price is estimated in accordance with Rule 457(h)(1) under the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee and is based (a) as to the 3,379,665 shares of Common Stock issuable upon exercise of options granted under the registrant's 2000 Stock Incentive Plan, upon the average price upon which such options may be exercised, and (b) as to the remaining 620,335 shares of Common Stock reserved for issuance under the registrant's 2000 Stock Incentive Plan, upon the last sale price as reported on The Nasdaq National Market on January 17, 2001 (within 5 days prior to the filing of this Registration Statement) was $4.906. (2) Pursuant to Rule 416, there are also being registered additional shares of Common Stock that may become issuable pursuant to the anti-dilution provisions of the 2000 Stock Incentive Plan. EXPLANATORY STATEMENT This registration statement on Form S-8 registers 4,000,000 shares of Common Stock of ACTV, Inc., par value $.10 per share, for issuance upon exercise of options granted under ACTV, Inc.'s 2000 Stock Incentive Plan. PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS Item 1. Plan Information.* Item 2. Registrant Information and Employee Plan Annual Information.* 2 * Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this registration statement in accordance with Rule 428 under the Securities Act of 1933 and the Note to Part I of Form S-8. This registration statement on Form S-8 under the Securities Act of 1933, as amended, will be filed with the Securities and Exchange Commission for the registration of the shares of common stock offered by this prospectus. ACTV, Inc. will provide without charge to each person to whom a copy of a Section 10(a) prospectus hereunder is delivered, upon the oral or written request of such person, a copy of any document incorporated in this registration statement by reference, except exhibits to such documents. Requests for such information should be directed to ACTV, Inc., 225 Park Avenue, 18th Floor, New York, New York 10003-1604, Telephone (212) 217-1600. PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of certain documents by reference. The following documents previously filed by ACTV, Inc. (the "Company") with the Securities and Exchange Commission are incorporated by reference in this registration statement: (1) The Company's Annual Report on Form 10-K for the Year Ended December 31, 1999. (2) The Company's Proxy Statement on Schedule 14A filed on April 17, 2000. (3) The Company's Amended Proxy Statement on Schedule A14A filed on May 3, 2000. (4) The Company's Quarterly Reports on Form 10-Q for the Quarters Ended March 31, 2000 and September 30, 2000 and Form 10-Q/A for the Quarter Ended June 30, 2000. In addition to the foregoing, all documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment indicating that all of the securities offered hereunder have been sold or deregistering 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 of such documents. Any statement contained in a document incorporated by reference in this registration statement 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 that is also incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement. All information appearing in this registration statement is qualified in its entirety by the information and financial statements (including notes thereto) appearing in the documents incorporated herein by reference, except to the extent set forth in the immediately preceding statement. 3 The Company hereby undertakes to provide without charge to each person to whom a copy of this prospectus is delivered, upon the oral or written request of such person, a copy of any document incorporated in this registration statement by reference, except exhibits to such documents. Requests for such information should be directed to ACTV Inc., 225 Park Avenue, 18th Floor, New York, New York 10003-1604, Telephone (212) 217-1600. Item 4. Description of securities Not applicable. Item 5. Interests of named experts Not applicable. Item 6. Indemnification of officers and directors The Company's Restated Certificate of Incorporation contains a provision, as permitted by Section 145 of the General Corporation Law of the State of Delaware, that eliminates the personal liability of directors to the Company and its stockholders for monetary damages for unintentional breach of director's fiduciary duty to the Company. This provision does not permit the elimination of, or any limitation on, the liability of a director for disloyalty to the Company or its stockholders, for failing to act in good faith, for engaging in intentional misconduct or a knowing violation of the law, for obtaining an improper personal benefit or for paying a dividend or approving a stock repurchase that was illegal under the General Corporation Law of the State of Delaware. The Restated Certificate of Incorporation and the By-laws of the Company require the Company to indemnify directors and officers against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement in connection with specified actions, suits or proceedings, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation (a "derivative action")) if they acted in good faith and in a manner they reasonably believed to be in the or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A similar standard of care is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys' fees) incurred in connection with defense or settlement of such an action. Moreover, the General Corporation Law of the State of Delaware requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the Company. Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933, as amended, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company 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 4 Company 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 of 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. Item 7. Exemption from registration claimed Not applicable. Item 8. Exhibits 5.1 Opinion of Gersten, Savage & Kaplowitz, LLP 10.1 2000 Stock Incentive Plan (incorporated by reference to the Company's Proxy Statement on Schedule 14A filed on April 17, 2000, as amended on May 3, 2000) 23.1 Consent of Deloitte & Touche, LLP 23.2 Consent of Gersten, Savage & Kaplowitz, LLP (included in Exhibit 5.1) Item 9. Undertakings 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 suit information in the registration statement, PROVIDED, HOWEVER, that paragraphs 9(1)(i) and 9(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 Company pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this 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 5 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. (4) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the small business issuer pursuant to any charter provision, by-law, contract, arrangement, statute, or otherwise, the Company 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 Company 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 Company 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. 6 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 New York, New York on the 19th day of January, 2001. ACTV, INC. By: /s/ William C. Samuels ------------------------------- William C. Samuels Chairman and Chief Executive Officer 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 dates indicated.
SIGNATURE TITLE DATE --------- ----- ---- /s/ William C. Samuels - ------------------------------------ Chairman, Chief Executive Officer and Director 1/19/01 William C. Samuels /s/ Bruce J. Crowley - ------------------------------------ Executive Vice President, Vice Chairman and Director 1/19/01 Bruce J. Crowley /s/ Joseph P. Dwyer - ------------------------------------ Executive Vice President and Chief Financial Officer 1/19/01 Joseph P. Dwyer /s/ William A. Frank - ------------------------------------ Executive Vice President and Director 1/19/01 William A. Frank /s/ Day L. Patterson - ------------------------------------ Executive Vice President, General Counsel and Secretary 1/19/01 Day L. Patterson - ------------------------------------ President and Director 1/19/01 David Reese - ------------------------------------ Director 1/19/01 Melvyn N. Klein /s/ Steven W. Schuster - ------------------------------------- Director 1/19/01 Steven W. Schuster - ------------------------------------- Director 1/19/01 John C. Wilcox
7 EXHIBIT INDEX 5.1 Opinion of Gersten, Savage & Kaplowitz, LLP 10.1 2000 Stock Incentive Plan (incorporated by reference to the Company's Proxy Statement on Schedule 14A filed on April 17, 2000, as amended on May 3, 2000) 23.1 Consent of Deloitte & Touche, LLP 23.2 Consent of Gersten, Savage & Kaplowitz, LLP (included in Exhibit 5.1) 8 EX-5.1 2 a2035897zex-5_1.txt EXHIBIT 5.1 EXHIBIT 5.1 January 19, 2001 ACTV, Inc. 225 Park Avenue, 18th Floor New York, New York 10003-1604 Gentlemen: You have requested our opinion with respect to the offer and sale by ACTV, Inc., a Delaware corporation (the "Company"), pursuant to a registration statement (the "Registration Statement") on Form S-8 under the Securities Act of 1933, as amended (the "Act"), of up to 4,000,000 shares of ACTV, Inc., par value $.10 per share (the "Common Stock") issuable upon exercise of stock options granted or available for grant under the Company's 2000 Stock Incentive Plan (the "Plan Shares"). We have examined the originals, or copies certified or otherwise identified to our satisfaction, of such documents and corporate and public records as we deem necessary as a basis for the opinion hereafter expressed. With respect to such examination, we have assumed the genuineness of all signatures appearing on all documents presented to us as originals, and the conformity to the originals of all documents presented to us as conformed or reproduced copies. Where factual matters relevant to such opinion were not independently established, we have relied upon certificates of executive officers and responsible employees and agents of the Company. Based upon the foregoing, it is our opinion that the Plan Shares have been duly and validly authorized and when sold, paid for and issued as contemplated by the 2000 Stock Incentive Plan will be duly and validly issued and fully paid and nonassessable. We hereby consent to the use of this opinion as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby concede that we come within the categories of persons whose consent is required by the Act or the General Rules and Regulations promulgated thereunder. Very truly yours, /s/ GERSTEN, SAVAGE & KAPLOWITZ, LLP -------------------------------------- Gersten, Savage & Kaplowitz, LLP 9 EX-23.1 3 a2035897zex-23_1.txt EXHIBIT 23.1 EXHIBIT 23.1 INDEPENDENT AUDITORS CONSENT We consent to the incorporation by reference in this registration statement of ACTV, Inc. on Form S-8 of our report dated March 3, 2000, appearing in the Annual Report on Form 10-K of ACTV, Inc. for the year ended December 31, 1999. /s/ DELOITTE & TOUCHE, LLP - ---------------------------- DELOITTE & TOUCHE, LLP New York, New York January 19, 2001 10 -----END PRIVACY-ENHANCED MESSAGE-----