As filed with the Securities and Exchange Commission on December 19, 2017
Registration No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PERCEPTRON, INC.
(Exact Name of Registrant as Specified in Its Charter)
Michigan38-2381442
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
47827 Halyard Drive
Plymouth, Michigan 48170
(734) 414-6100
(Address, including zip code, and telephone number, including area code, of principal executive offices)
Perceptron, Inc.
First Amended and Restated 2004 Stock Incentive Plan
(Full Title of the Plan)
David L. Watza, President, Chief Executive Officer, Chief Financial Officer
Perceptron, Inc.
47827 Halyard Drive, Plymouth, Michigan 48170
(734) 414-6100
(Name and address, including zip code, and telephone number, including area code, of agent for service)
Copy to:
Thomas S. Vaughn, Esq.
Dykema Gossett PLLC
400 Renaissance Center
Detroit, Michigan 48243
(313)568-6800
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. (Check one):
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Large accelerated filer ☐ |
Accelerated filer ☑ |
Non-accelerated filer ☐ (Do not check if a smaller reporting company) |
Smaller reporting company☐ |
Emerging growth company ☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. [ ]
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered |
Amount to be Registered (1) |
Proposed Maximum Offering Price Per Share(2) |
Proposed Maximum Aggregate Offering Price(2) |
Amount of Registration Fee |
Common Stock, par value $.01 per share |
500,000 |
$9.72 |
$4,860,000 |
$605.07 |
(1) Calculated solely for the purpose of determining the registration fee pursuant to Rule 457(h) and Rule 457(c) under the Securities Act of 1933, as amended, based upon the average of the high and low sale prices for the Common Stock on the Nasdaq Stock Market on December 14, 2017.
(2) The number of shares may be adjusted to prevent dilution from stock splits, stock dividends and similar transactions. This Registration Statement shall cover any such additional shares in accordance with Rule 416(a).
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In accordance with general instruction E to Form S-8, Perceptron, Inc. (the “Company”) hereby incorporates by reference the contents of its Registration Statement on Form S-8, File No. 333-131421, filed on January 31, 2006, registering 600,000 shares of Common Stock of the Company, par value $.01 per share to be issued pursuant to the Company’s First Amended and Restated 2004 Stock Incentive Plan, the contents of its Registration Statement on Form S-8, File No. 333-163325, filed on November 24, 2009, registering 400,000 shares of Common Stock of the Company, par value $.01 per share to be issued pursuant to the Company’s First Amended and Restated 2004 Stock Incentive Plan and the contents of its Registration Statement on Form S-8, File No. 333-185209, filed on November 30, 2012, registering 400,000 shares of Common Stock of the Company, par value $.01 per share to be issued pursuant to the Company’s First Amended and Restated 2004 Stock Incentive Plan, and the contents of its Registration Statement on Form S-8, File No. 333-195073, filed on April 4, 2014, registering 700,000 shares of Common Stock of the Company, par value $.01 per share to be issued pursuant to the Company’s First Amended and Restated 2004 Stock Incentive Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
The following exhibits are filed with this Registration Statement:
Exhibit Number |
Description |
4.1 |
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4.2 |
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4.3 |
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4.4 |
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4.5 |
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4.6 |
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4.7 |
4.8 |
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4.9 |
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4.10 |
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4.11 |
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4.12 |
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4.13 |
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4.14 |
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4.15 |
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4.16 |
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4.17 |
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4.18 |
4.19 |
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4.20 |
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5.1 |
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23.1 |
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23.3 |
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24.1 |
SIGNATURES
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 Plymouth, state of Michigan on this 19th day of December, 2017.
PERCEPTRON, INC.
By: /s/ David L. Watza
David L. Watza
Its: President, Chief Executive Officer and Chief Financial Officer
Each person whose signature appears below hereby appoints David L. Watza and Michelle O. Wright, and each of them acting alone, as 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 amendments (including post-effective amendments) to this Registration Statement filed by Perceptron, Inc., and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, under the Securities Act of 1933, hereby ratifying and confirming all that said attorneys-in-fact and agents, or each of them acting alone, 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 below by the following persons in the capacities and on the date indicated.
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Signatures |
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Title |
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Date |
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/s/ David L. Watza |
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President, Chief Executive Officer and Chief Financial Officer |
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December 19, 2017 |
David L. Watza |
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(Principal Executive and Financial Officer) |
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/s/ Michelle O. Wright |
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Corporate Controller and Chief Accounting Officer |
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December 19, 2017 |
Michelle O. Wright |
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(Principal Accounting Officer) |
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/s/ W. Richard Marz |
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Chairman of the Board |
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December 19, 2017 |
W. Richard Marz |
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/s/ John F. Bryant |
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Director |
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December 19, 2017 |
John F. Bryant |
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/s/ C. Richard Neely, Jr. |
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Director |
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December 19, 2017 |
C. Richard Neely, Jr. |
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/s/ Robert S. Oswald |
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Director |
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December 19, 2017 |
Robert S. Oswald |
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/s/ James A. Ratigan |
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Director |
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December 19, 2017 |
James A. Ratigan |
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/s/ Terryll R. Smith |
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Director |
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December 19, 2017 |
Terryll R. Smith |
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/s/ William C. Taylor |
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Director |
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December 19, 2017 |
William C. Taylor |
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December 19, 2017
Perceptron, Inc.
47827 Halyard Drive
Plymouth, Michigan 48170
Re: Registration Statement on Form S-8 filed by Perceptron, Inc. on December 19, 2017 (the “Registration Statement”) with respect to shares to be issued pursuant to its First Amended and Restated 2004 Stock Incentive Plan (the “Plan”)
Ladies and Gentlemen:
We have acted as counsel for Perceptron, Inc., a Michigan corporation (the "Company"), in connection with the preparation of the Registration Statement filed by the Company with the Securities and Exchange Commission for the registration under the Securities Act of 1933, as amended (the "Securities Act"), of up to 500,000 additional authorized but unissued shares of common stock of the Company to be issued pursuant to the terms and conditions of the Plan (the "Shares").
In acting as counsel for the Company, we have examined the proceedings taken in connection with the sale and issuance of the Shares and we have examined and relied upon the originals, or copies certified or otherwise identified to our satisfaction, of such corporate records, documents, certificates and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. In rendering the opinion below we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to original documents of all documents submitted to us as duplicates or copies and the authenticity of such original documents.
Based upon the foregoing, we are of the opinion that the Shares reserved for issuance under the Plan, when issued and sold in the manner referred to in the Registration Statement, will be validly issued, fully paid and nonassessable.
The opinion expressed herein is limited to the laws of the State of Michigan and the federal laws of the United States. We express no opinion and make no representation with respect to the law of any other jurisdiction.
We hereby consent to the inclusion of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not concede that we are experts within the meaning of the Securities Act or the rules or regulations thereunder or that this consent is required by Section 7 of the Securities Act.
Very truly yours,
/s/ DYKEMA GOSSETT PLLC
DYKEMA GOSSETT PLLC
Consent of Independent Registered Public Accounting Firm
Perceptron, Inc.
Plymouth, Michigan
We hereby consent to the incorporation by reference in this Registration Statement of our reports dated September 7, 2017, relating to the consolidated financial statements and the effectiveness of Perceptron, Inc.’s internal control over financial reporting of Perceptron, Inc. appearing in the Company’s Annual Report on Form 10-K for the year ended June 30, 2017.
We also consent to the reference to us under the caption “Experts” in the Registration Statement.
/s/ BDO USA, LLP
BDO USA, LLP
Troy, Michigan
December 19, 2017