S-8 1 v91463orsv8.htm FORM S-8 MRV Communications, Inc - Form S-8
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As filed with the Securities and Exchange Commission on July 17, 2003

Registration No. 333-_________

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-8

REGISTRATION STATEMENT
Under The Securities Act of 1933

MRV COMMUNICATIONS, INC.

(Exact name of registrant as specified in its charter)
     
Delaware   06-1340090
(State or other jurisdiction
incorporation or organization)
  (I.R.S. Employer
Identification No.)

20415 Nordhoff Street, Chatsworth, CA 91311
(Address of principal executive offices, Zip Code)

Non-Director and Non-Executive Officer
Consolidated Long-Term Stock Incentive Plan

(Full title of the Plan)

Noam Lotan
President and Chief Executive Officer
MRV Communications, Inc.
20415 Nordhoff Street
Chatsworth, CA 91311
(818) 773-0900
(Name, address, including zip code, and telephone number, including area code, of agent for service)


CALCULATION OF REGISTRATION FEE

                                   
              Proposed Maximum   Proposed Maximum    
      Amount to be   Offering Price per   Aggregate Offering   Amount of
Title of Securities to be Registered   Registered(1)   Share(2)   Price(2)   Registration Fee(3)

 
 
 
 
Common Stock, $0.0017 par value per share
    50,000     $ 1.08     $ 54,000.00     $ 4.37  
Common Stock, $0.0017 par value per share
    945,675     $ 1.11       1,049,699.25       84.92  
Common Stock, $0.0017 par value per share
    50,000     $ 1.38       69,000.00       5.58  
Common Stock, $0.0017 par value per share
    5,000     $ 1.44       7,200.00       0.58  
Common Stock, $0.0017 par value per share
    60,000     $ 1.94       116,400.00       9.42  
Common Stock, $0.0017 par value per share
    5,000     $ 2.15       10,750.00       0.87  
Common Stock, $0.0017 par value per share
    48,000     $ 2.18       104,640.00       8.47  
Common Stock, $0.0017 par value per share
    3,147,381     $ 2.19       6,892,764.39       557.62  
 
   
             
     
 
 
Totals
    4,311,056             $ 8,304,453.64     $ 671.83  
 
   
             
     
 

(1) Pursuant to Rule 416 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall cover an indeterminate number of additional shares of common stock that may be issued as a result of stock splits, stock dividends or similar transactions.

(2) Estimated solely for the purpose of calculating the amount of the registration fee in accordance with Rule 457(h)(1) under the Securities Act, based on the price at which options may be exercised, or if such price is not known, on the average of the high and low prices on the Nasdaq Stock Market on July 11, 2003.

(3) A registration fee of $28,512 was paid by Optical Access, Inc., registrant’s wholly-owned subsidiary on October 6, 2000 in connection with the filing on that date by Optical Access of a registration statement on Form S-1 (file no. 333-47456), which registration statement was withdrawn on November 16, 2001. Registrant has previously claimed offsets aggregating $3,451 against the filing fee paid by Optical Access. In accordance with Rule 457(p), registrant, as the owner of more than 50 percent of Optical Access’ outstanding voting securities, claims an offset of the currently due filing fee against that portion of the filing fee paid by Optical Access.

 


PART I
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
ITEM 4. DESCRIPTION OF SECURITIES
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
ITEM 8. EXHIBITS
ITEM 9. UNDERTAKINGS
SIGNATURES
POWER OF ATTORNEY
EXHIBIT INDEX
EXHIBIT 4.1
EXHIBIT 4.2
EXHIBIT 5.1
EXHIBIT 23.1
EXHIBIT 23.2


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PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

     The documents containing information specified in this Part I are being separately provided to the Registrant’s employees, officers, directors and consultants as specified by Rule 428(b)(1).

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

     The documents listed in paragraphs (a) through (c) below are hereby incorporated by reference in this Registration Statement. All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), prior to the filing of a post-effective amendment which indicates that all securities offered herein 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 hereto from the date of filing of such documents.

  (a)   The Annual Report on Form 10-K of MRV Communications, Inc. (the “Company” or “Registrant”) for the year ended December 31, 2002 filed with the Securities and Exchange Commission (the “Commission”) on March 28, 2003;
 
  (b)   The Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2003 filed with the Commission on May 15, 2003;
 
  (c)   The Registrant’s Current Reports on Form 8-K filed with the Commission since December 31, 2002 as follows: on April 30, 2003, on June 3, 2003 and on June 5, 2003; and
 
  (d)   The description of the common stock contained in Registrant’s Registration Statement on Form 8-A filed with the Commission on June 8, 1992, as amended by its Form 8-A/A filed with the Commission on February 24, 1994, including any amendment or report filed for the purpose of updating such description.

ITEM 4. DESCRIPTION OF SECURITIES

     Not applicable.

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL

     Not applicable.

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Section 145 of the Delaware General Corporation Law allows for 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, as amended (the “Act”). Article 8 of the Registrant’s Certificate of Incorporation and Article IX of the Registrant’s Bylaws provide for indemnification of the Registrant’s directors, officers, employees, and other agents to the extent and under the circumstances permitted by the Delaware General Corporation Law. The Registrant has also entered into agreements with its directors and executive officers that will require the Registrant, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors to the fullest extent not prohibited by law.

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ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED

     Not applicable.

ITEM 8. EXHIBITS

     
4.1   Non-Director and Non-Executive Officer Consolidated Long-Term Stock Incentive Plan.
4.2   Form of Non-Director and Non-Executive Officer Consolidated Long-Term Stock Incentive Plan Stock Option Agreement.
5.1   Opinion of counsel as to legality of securities being registered.
23.1   Consent of Ernst & Young LLP, Independent Auditors.
23.2   Notice Regarding Consent of Arthur Andersen LLP.
23.3   Consent of counsel (included in Exhibit 5.1).
24.1   Power of Attorney (included herein on the signature page).

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 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.
 
  (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.

     The undersigned registrant hereby undertakes 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 the 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 Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the 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 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 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 Securities Act and will be governed by the final adjudication of such issue.

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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 Chatsworth, State of California, on July 16, 2003.

  MRV COMMUNICATIONS, INC

  By: /s/ Noam Lotan


Noam Lotan
President and Chief Executive Officer

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POWER OF ATTORNEY

     KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Noam Lotan, his true and lawful attorney-in-fact and agent with full power of power substitution and resubstitution, for him and in his name, place, and stead, in any and all capacities, to sign this Registration Statement, and to file any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and all documents in connection therewith, with Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent thereof. 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 indicated.

         
Signature   Title   Date

 
 
/s/ Noam Lotan

(Noam Lotan)
  President and Chief Executive Officer
(Principal Executive Officer)
  July 16, 2003
 
/s/ Shlomo Margalit

(Shlomo Margalit)
  Chairman of the Board, Chief
Technology Officer, and Secretary
  July 16, 2003
 
/s/ Shay Gonen

(Shay Gonen)
  Chief Financial Officer
(Principal Finance and Accounting
Officer)
  July 16, 2003
 
/s/ Igal Shidlovsky

(Igal Shidlovsky)
  Director   July 16, 2003
 
/s/ Guenter Jaensch

(Guenter Jaensch)
  Director   July 16, 2003
 
/s/ Daniel Tsui

(Daniel Tsui)
  Director   July 16, 2003
 
/s/ Baruch Fischer

(Baruch Fischer)
  Director   July 16, 2003

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EXHIBIT INDEX

       
       
       
Exhibit Numbers      

     
4.1   Non-Director and Non-Executive Officer Consolidated Long-Term Stock Incentive Plan  
4.2   Form of Non-Director and Non-Executive Officer Consolidated Long-Term Stock Incentive Plan Stock Option Agreement  
5.1   Opinion of counsel as to legality of securities being registered  
23.1   Consent of Ernst & Young LLP, Independent Auditors  
23.2   Notice Regarding Consent of Arthur Andersen LLP  
23.3   Consent of counsel (included in Exhibit 5.1).  
24.1   Power of Attorney (included herein on the signature page).  

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