-----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, JXtaPNVPHQrLjv6pKKXPD8LhIrbmjBgBgiVu+cQHw4sIyCuox0XrtikfQscqmkZy 8JdJbi7zLJbwoJY4ZIAbNg== 0001047469-04-028029.txt : 20040903 0001047469-04-028029.hdr.sgml : 20040903 20040903164924 ACCESSION NUMBER: 0001047469-04-028029 CONFORMED SUBMISSION TYPE: S-8 POS PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 EFFECTIVENESS DATE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CELLEGY PHARMACEUTICALS INC CENTRAL INDEX KEY: 0000887247 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 820429727 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 POS SEC ACT: 1933 Act SEC FILE NUMBER: 333-114229 FILM NUMBER: 041017307 BUSINESS ADDRESS: STREET 1: 349 OYSTER POINT BLVD. STREET 2: SUITE 200 CITY: SO. SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 6506262200 MAIL ADDRESS: STREET 1: 349 OYSTER POINT BLVD. STREET 2: SUITE 200 CITY: SO. SAN FRANCISCO STATE: CA ZIP: 94080 S-8 POS 1 a2143090zs-8pos.htm S-8 POS
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As filed with the Securities and Exchange Commission on September 3, 2004

No. 333-114229



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

CELLEGY PHARMACEUTICALS, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
  82-0429727
(I.R.S. Employer
Identification Number)

349 Oyster Point Boulevard, Suite 200
South San Francisco, California 94080

(Address of Principal Executive Offices)

Director Stock Option Agreement
(Full Title of the Plan)

K. Michael Forrest
Chief Executive Officer
Cellegy Pharmaceuticals, Inc.
349 Oyster Point Boulevard, Suite 200
South San Francisco, California 94080
(650) 616-2200

(Name, Address and Telephone Number of Agent For Service)

Copies to:

C. Kevin Kelso, Esq.
Weintraub Genshlea Chediak Sproul
400 Capitol Mall, 11th Floor
Sacramento, CA 95814

Pursuant to Rule 414(d) under the Securities Act of 1933, as amended (the "Securities Act"), Cellegy Pharmaceuticals, Inc., a Delaware corporation, as successor issuer to Cellegy Pharmaceuticals, Inc., a California corporation, hereby adopts the above-referenced Registration Statement on Form S-8 for all purposes under the Securities Act and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This Post-Effective Amendment to the Registration Statement shall hereafter become effective in accordance with Rule 462 promulgated under the Securities Act.





POST EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8 REGISTRATION STATEMENT

EXPLANATORY NOTE

        This Post-Effective Amendment No. 1 (the "Amendment") to the Registration Statement on Form S-8 (File No. 333-114229) is being filed pursuant to Rule 414 under the Securities Act of 1933, as amended (the "Securities Act") by Cellegy Pharmaceuticals, Inc. which changed its state of incorporation from California to Delaware (the "Reincorporation").

        At the Annual Meeting of Shareholders held on June 15, 2004, the shareholders of Cellegy Pharmaceuticals, Inc. a California corporation ("Cellegy (CA)"), approved the Reincorporation. The Reincorporation was implemented by the merger ("Merger") of Cellegy (CA) with and into a newly-formed, wholly-owned Delaware subsidiary of Cellegy (CA) (the "Registrant"), pursuant to an agreement and plan of merger. As a result of the Merger, which was consummated by the filing of a certificate of merger with the Secretary of State of the State of Delaware on September 2, 2004, the separate existence of Cellegy (CA) ceased, with the Registrant remaining as the surviving corporation. Each share of common stock of Cellegy (CA) issued and outstanding immediately prior to the consummation of the Merger was, upon the consummation of the Merger, automatically converted into one share of common stock of the Registrant. Accordingly, all of the Cellegy (CA) shares of common stock (the "Common Shares") previously reserved for issuance upon exercise of the option to which this Registration Statement relates are now shares of common stock of the Registrant.

        Pursuant to Rule 414(d) of the Securities Act, the Registrant, as successor issuer to Cellegy (CA), hereby expressly adopts the above-referenced Registration Statement of Cellegy (CA) on Form S-8, as amended, applicable to the Common Shares issuable under the option agreement referenced on the cover pages of this Registration Statement, as the Registration Statements of the Registrant for all purposes under the Securities Act and the Exchange Act, which adoption is effective as of and at the effective time of the Reincorporation. No fee is required hereunder because the Registrant is carrying forward the fees paid for the shares previously registered pursuant to the Registration Statements.

2



PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3. INFORMATION INCORPORATED BY REFERENCE.

        Cellegy Pharmaceuticals, Inc. (the "Registrant" or the "Company") hereby incorporates by reference into this Registration Statement the following documents and information previously filed with the Commission:

    (a)
    the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2003.

    (b)
    All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since the end of the fiscal year covered by the annual report referred to in (a) above.


    The Company's Current Report on Form 8-K filed with the Commission on September 3, 2004.

    (c)
    The description of the Registrant's Common Stock contained in the Registrant's registration statement on Form 8-A filed with the Commission under Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

    (d)
    All documents that we subsequently file under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act before we file a post-effective amendment 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 a part hereof from the date of filing of such documents.

        Any statement incorporated herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that 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.

        Not applicable.


ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

        As permitted by Section 145 of the Delaware General Corporation Law, Registrant's Restated Certificate includes a provision that eliminates the personal liability of its directors for monetary damages for breach of fiduciary duty as a director, except for liability:

    for any breach of the director's duty of loyalty to Registrant or its stockholders;

    for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law;

    under Section 174 of the Delaware General Corporation Law regarding unlawful dividends and stock purchases; and

    for any transaction from which the director derived an improper personal benefit.

3


        As permitted by the Delaware General Corporation Law, Registrant's Bylaws provide that:

    Registrant is required to indemnify its directors and officers to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions;

    Registrant may indemnify its other employees and agents to the extent that it indemnifies its officers and directors, unless otherwise required by law, its certificate of incorporation, its bylaws or agreements to which it is a party;

    Registrant is required to advance expenses, as incurred, to its directors and officers in connection with a legal proceeding to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; and

    the rights conferred in the Bylaws are not exclusive.

        Registrant has entered into Indemnity Agreements with each of its current directors and officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in the Restated Certificate and to provide additional procedural protections.

        Registrant maintains a directors and officers liability insurance policy.

        See also the undertakings set out in response to Item 9.

        Section 145 of the General Corporation Law of the State of Delaware provides for indemnification in terms sufficiently broad to indemnify such individuals, under certain circumstances, for liabilities (including reimbursement of expenses incurred) arising under the Securities Act of 1933, as amended (the "Securities Act").

        The Registrant also maintains a director and officer liability insurance policy.


ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

        Not applicable.


ITEM 8. EXHIBITS.

        The following documents are filed as exhibits to this Post-Effective Amendment No. 1 to Form S-8:

Exhibit No.
  Description

4.01

 

Registrant's Amended and Restated Certificate of Incorporation (incorporated herein by reference to Exhibit 3.1 to Registrant's Current Report on Form 8-K filed with the Commission on September 3, 2004).

4.02

 

Registrant's Bylaws, as amended (incorporated herein by reference to Exhibit 3.2 to Registrant's Current Report on Form 8-K filed with the Commission on September 3, 2004).

4.03

 

Director Option Agreement between the Company and Richard C. Williams dated November 6, 2003 (incorporated by reference to Exhibit 10.15 to the Company's Annual Report on Form 10-K for the year ended December 31, 2003).

5.01

 

Opinion of Weintraub Genshlea Chediak Sproul, a law corporation.
     

4



23.01

 

Consent of Weintraub Genshlea Chediak Sproul, a law corporation (included in Exhibit 5.01).

23.02

 

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.

23.03

 

Consent of Ernst & Young LLP, Independent Auditors.

24.01

 

Power of Attorney.*

*
Previously filed.


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; (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 in the Registration Statement; and (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 (i) and (ii) do not apply if the information required to be included in a post-effective amendment thereby 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 into the Registration Statement.

        (2)   That, for the purpose of determining any liability under the Securities Act, 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.

        (4)   That, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this 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.

        Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described under Item 6 above, 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 Securities 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 Securities Act and will be governed by the final adjudication of such issue.

5



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 Post-Effective Amendment to Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of South San Francisco, State of California, on this 3rd day of September, 2004.

    CELLEGY PHARMACEUTICALS, INC.

 

 

By:

 

/s/  
K. MICHAEL FORREST      
K. Michael Forrest
President and Chief Executive Officer

6


        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 dates indicated.

Signature
  Title
  Date
Principal Executive Officer:        

/s/  
K. MICHAEL FORREST      
K. Michael Forrest

 

President, Chief Executive Officer and a Director

 

September 3, 2004

Principal Financial Officer and Principal Accounting Officer:

 

 

 

 

/s/  
A. RICHARD JUELIS      
A. Richard Juelis

 

Vice President, Finance and Chief Financial Officer

 

September 3, 2004

Additional Directors:

 

 

 

 

*

Richard C. Williams

 

Chairman of the Board, Director

 

September 3, 2004

*

John Q. Adams, Sr.

 

Director

 

September 3, 2004

*

Tobi B. Klar, M.D.

 

Director

 

September 3, 2004

*

Robert B. Rothermel

 

Director

 

September 3, 2004

*

Thomas M. Steinberg

 

Director

 

September 3, 2004

    

 

 

 

 
*By:   /s/  A. RICHARD JUELIS      
A. Richard Juelis
Attorney-in-fact
   

7



EXHIBIT INDEX

Exhibit No.
  Description

4.01

 

Registrant's Amended and Restated Certificate of Incorporation (incorporated herein by reference to Exhibit 3.1 to Registrant's Current Report on Form 8-K filed with the Commission on September 3, 2004).

4.02

 

Registrant's Bylaws, as amended (incorporated herein by reference to Exhibit 3.2 to Registrant's Current Report on Form 8-K filed with the Commission on September 3, 2004).

4.03

 

Director Option Agreement between the Company and Richard C. Williams dated November 6, 2003 (incorporated by reference to Exhibit 10.15 to the Company's Annual Report on Form 10-K for the year ended December 31, 2003).

5.01

 

Opinion of Weintraub Genshlea Chediak Sproul, a law corporation.

23.01

 

Consent of Weintraub Genshlea Chediak Sproul, a law corporation (included in Exhibit 5.01).

23.02

 

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.

23.03

 

Consent of Ernst & Young LLP, Independent Auditors.

24.01

 

Power of Attorney.*

*
Previously filed.



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PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
SIGNATURES
EXHIBIT INDEX
EX-5.01 2 a2143090zex-5_01.htm EXHIBIT 5.01
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Exhibit 5.01

September 3, 2004

Cellegy Pharmaceuticals, Inc.
349 Oyster Point Blvd., Suite 200
South San Francisco, CA 94080

Gentlemen/Ladies:

        At your request, we have examined the Post-Effective Amendment No. 1 to the Registration Statement on Form S-8, Registration No. 333-114229 (the "Registration Statement"), to be filed by Cellegy Pharmaceuticals, Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission (the "Commission") on or about September 3, 2004, in connection with the assumption pursuant to Rule 414 of the Securities Act of 1933, as amended, by the Company of the registration statement on Form S-8, Reg. No. 333-114229, filed by the Company's predecessor, Cellegy Pharmaceuticals, Inc., a California corporation ("Cellegy California"), relating to shares of Common Stock reserved by Cellegy California that are subject to issuance by Cellegy California upon the exercise of a stock option (the "Option") granted by Cellegy California to Richard C. Williams pursuant to a stock option agreement dated November 6, 2003 (the "Option Agreement"). We understand that the Option and the Option Agreement have been assumed by the Company and that in accordance with the terms of the Option and the Option Agreement, the Company has reserved shares (the "Stock") of Common Stock of the Company for issuance upon the exercise of the Options pursuant to the Option Agreement. This opinion is being furnished in accordance with the requirements of Item 8 of Form S-8 and Item 601(b)(5)(i) of Regulation S-K.

        We have reviewed the Company's amended and restated certificate of incorporation and bylaws, each as amended, the Registration Statement, the Option Agreement and the corporate proceedings taken by the Company in connection with the grant of the Option and the entering into of the Option Agreement.

        In our examination of documents for purposes of this opinion, we have assumed, and express no opinion as to, the genuineness of all signatures on original documents, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the legal capacity of all persons or entities executing the same, the lack of any undisclosed termination, modification, waiver or amendment to any document reviewed by us and the due authorization, execution and delivery of all documents where due authorization, execution and delivery are prerequisites to the effectiveness thereof.

        As to matters of fact relevant to this opinion, we have relied solely upon our examination of the documents referred to above and a Management Certificate addressed to us and dated of even date herewith executed by the Company containing certain factual representations, and have assumed the current accuracy and completeness of the information obtained from the documents referred to above. We have made no independent investigation or other attempt to verify the accuracy of any of such information or to determine the existence or non-existence of any other factual matters; however, we are not aware of any facts that would cause us to believe that the opinion expressed herein is not accurate.

        We are admitted to practice law in the State of California, and we render this opinion only with respect to, and express no opinion herein concerning the application or effect of the laws of any jurisdiction other than, the existing laws of the United States of America, the State of California, the Delaware General Corporation Law, the Delaware Constitution and reported judicial decisions relating thereto.

        Based on the foregoing, it is our opinion that the Option Shares that may be issued and sold by the Company upon the exercise of the Option, when issued, sold and delivered in accordance with the provisions of the Option Agreement and in the manner and for the consideration stated in the Option



Agreement and the Registration Statement and the prospectus included therein, will be validly issued, fully paid and nonassessable.

        We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us, if any, in the Registration Statement, the prospectus constituting a part thereof and any amendments thereto. This opinion speaks only as of its date and we assume no obligation to update this opinion should circumstances change after the date hereof. This opinion is intended solely for your use in connection with issuance and sale of shares subject to the Registration Statement and is not to be relied upon for any other purpose.

    Very truly yours,

 

 

WEINTRAUB GENSHLEA CHEDIAK SPROUL
A law corporation



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EX-23.02 3 a2143090zex-23_02.htm EXHIBIT 23.02
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Exhibit 23.02


CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

        We hereby consent to the incorporation by reference in this Post-Effective Amendment to Registration Statement on Form S-8 of our report dated April 6, 2004 relating to the consolidated financial statements of Cellegy Pharmaceuticals, Inc. as of December 31, 2003 and for the year ended December 31, 2003, which appears in Cellegy Pharmaceuticals, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2003.

/s/  PRICEWATERHOUSECOOPERS LLP      

San Jose, California
September 3, 2004




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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
EX-23.03 4 a2143090zex-23_03.htm EXHIBIT 23.03
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Exhibit 23.03


CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

        We consent to the incorporation by reference in Post-Effective Amendment No. 1 to the Registration Statement (Form S-8 No. 333-114229) pertaining to the Director Stock Option Agreement of Cellegy Pharmaceuticals, Inc., of our report dated February 13, 2003 (except for Note 13, as to which the date is March 24, 2004) with respect to the consolidated financial statements of Cellegy Pharmaceuticals, Inc. as of December 31, 2002 and for each of the two years in the period ended December 31, 2002, included in its Annual Report (Form 10-K) for the year ended December 31, 2003, filed with the Securities and Exchange Commission.

/s/  ERNST & YOUNG LLP      

Palo Alto, California
September 3, 2004




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CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
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