S-8
As filed with the Securities and Exchange Commission on August 10, 2010
Registration No. 333-______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SYNCHRONOSS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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06-1594540 |
(State or other jurisdiction
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(IRS Employer |
of incorporation or organization)
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Identification No.) |
750 Route 202 South
Suite 600
Bridgewater, NJ 08807
(Address of Principal Executive Offices) (Zip Code)
SYNCHRONOSS TECHNOLOGIES, INC. 2010 NEW HIRE EQUITY INCENTIVE PLAN
(Full title of the plan)
Stephen G. Waldis
Chairman of the Board of Directors, President and Chief Executive Officer
750 Route 202 South
Suite 600
Bridgewater, NJ 08807
(Name and address of agent for service)
(866) 620-3940
(Telephone number, including area code, of agent for service)
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.
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Large accelerated filer o
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Accelerated filer þ
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Non-accelerated filer o
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Smaller reporting company o |
CALCULATION OF REGISTRATION FEE
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Proposed |
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Proposed |
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Maximum |
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Title of Securities to be |
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Amount to be |
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Maximum Offering |
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Aggregate Offering |
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Amount of |
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Registered |
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Registered(1) |
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Price per Share |
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Price |
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Registration Fee |
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Common Stock, $0.0001
par value |
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450,000 |
(2) |
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$ |
18.16 |
(3) |
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$ |
8,172,000.00 |
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$ |
582.67 |
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(1) |
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Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the 1933 Act),
this Registration Statement shall also cover any additional shares of Registrants Common
Stock that become issuable under the 2010 New Hire Equity Incentive Plan by reason of any
stock dividend, stock split, recapitalization or other similar transaction effected without
the receipt of consideration that increases the number of the outstanding shares of
Registrants Common Stock. |
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(2) |
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Represents 450,000 of Common Stock reserved for future grant under the Synchronoss
Technologies, Inc. 2010 New Hire Equity Incentive Plan (the Plan). |
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(3) |
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Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(h) of the 1933 Act. The Proposed Maximum Offering Price per Share is
based on the average of the high and low price per share of the Registrants Common Stock
as reported on the Nasdaq Global Market on August 6, 2010. |
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Synchronoss Technologies, Inc. (the Registrant) hereby incorporates by reference into this
Registration Statement the following documents previously filed with the Securities and Exchange
Commission (the SEC):
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(a) |
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The Registrants Annual Report on Form 10-K for the fiscal year ended December
31, 2009, filed with the SEC on March 9, 2010; |
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(b) |
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The Registrants Quarterly Report on Form 10-Q for the fiscal quarter ended
June 30, 2010, filed with the SEC on August 6, 2010; |
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(c) |
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The Registrants Current Reports on Form 8-K filed with the SEC on February 4,
2010; March 17, 2010; April 12, 2010; May 13, 2010; July 7, 2010; July 20, 2010; and
August 6, 2010. |
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(d) |
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The description of the Registrants outstanding Common Stock contained in the
Registrants Registration Statement No. 000-52049 on Form 8-A filed with the SEC on
June 13, 2006, pursuant to Section 12 of the Securities Exchange Act of 1934, as
amended (the 1934 Act), including any amendment or report filed for the purpose of
updating such description. |
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the 1934 Act, prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents.
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 authorizes a court to award or a
corporations Board of Directors to grant indemnification to directors and officers in terms
sufficiently broad to permit such indemnification under certain circumstances for liabilities
(including reimbursement for expenses incurred) arising under the 1933 Act. The Registrants
Bylaws provide for mandatory indemnification of its directors and permissible indemnification of
officers, employees and other agents to the maximum extent permitted by the Delaware General
Corporation Law. The Registrants Certificate of Incorporation provides that, pursuant to Delaware
law, its directors shall not be liable for monetary damages for breach of their fiduciary duty as
directors to the Registrant and its stockholders. This provision in the Certificate of
Incorporation does not eliminate the fiduciary duty of the directors, and, in appropriate
circumstances, equitable remedies such as injunctive or other forms of non monetary relief will
remain available under Delaware law. In addition, each director will continue to be subject to
liability for breach of the directors duty of loyalty to the Registrant for acts or omissions not
in good faith or involving intentional misconduct, for knowing violations of law, for actions
leading to improper personal benefit to the director and for payment of dividends or approval of
stock repurchases or redemptions that are unlawful under Delaware law. The provision also does not
affect a directors responsibilities under any other law, such as the federal securities laws or
state or federal environmental laws. The Registrant has entered into Indemnification Agreements
with its directors. The Indemnification Agreements provide the Registrants directors with further
indemnification to the maximum extent permitted by the Delaware General Corporation Law.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
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Exhibit Number |
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Exhibit |
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4.1 |
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Instruments Defining the Rights of Stockholders. Reference is made to the Registrants
Registration Statement No. 000-52049 on Form 8-A, together with the amendments and exhibits
thereto, which is incorporated herein by reference pursuant to Item 3(d) to this
Registration Statement. |
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5.1 |
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Opinion and consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP. |
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10.4A |
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2010 New Hire Equity Incentive Plan and forms of agreements thereunder. |
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23.1 |
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Consent of Independent Registered Public Accounting Firm. |
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23.2 |
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Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is contained in
Exhibit 5.1. |
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24 |
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Power of Attorney. Reference is made to page II-3 of this Registration Statement. |
Item 9. Undertakings
A. 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 1933 Act; (ii) to reflect in the
prospectus any facts or events arising after the effective date of this 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 this Registration Statement
notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range may be reflected in the
form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the Calculation of Registration Fee table in the effective
Registration Statement; and (iii) to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any material change to such
information in this Registration Statement; provided, however, that clauses (1)(i) and (1)(ii)
shall not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the SEC by the Registrant pursuant to
Section 13 or Section 15(d) of the 1934 Act that are incorporated by reference in this Registration
Statement; (2) that for the purpose of determining any liability under the 1933 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; and (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.
B. The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the 1933 Act, each filing of the Registrants annual report pursuant to
Section 13(a) or Section 15(d) of the 1934 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.
C. Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to
directors, officers or controlling persons of the Registrant pursuant to the indemnification
provisions summarized in Item 6 or otherwise, the Registrant has been advised that, in the opinion
of the SEC, such indemnification is against public policy as expressed in the 1933 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 1933 Act and will be governed by
the final adjudication of such issue.
II-2
SIGNATURES
Pursuant to the requirements of the 1933 Act, 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 Bridgewater, State of New Jersey on this 10th day of August,
2010.
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SYNCHRONOSS TECHNOLOGIES, INC.
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By: |
/s/ Stephen G. Waldis
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Stephen G. Waldis |
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Chairman of the Board of Directors, President, and
Chief Executive Officer |
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of Synchronoss Technologies, Inc., a Delaware
corporation, do hereby constitute and appoint Stephen G. Waldis, Lawrence R. Irving, and Ronald J.
Prague, and any of them, the lawful attorneys-in-fact and agents with full power and authority to
do any and all acts and things and to execute any and all instruments which said attorneys and
agents, and either one of them, determine may be necessary or advisable or required to enable said
corporation to comply with the 1933 Act, as amended, and any rules or regulations or requirements
of the Securities and Exchange Commission in connection with this Registration Statement. Without
limiting the generality of the foregoing power and authority, the powers granted include the power
and authority to sign the names of the undersigned officers and directors in the capacities
indicated below to this Registration Statement, to any and all amendments, both pre-effective and
post-effective, and supplements to this Registration Statement, and to any and all instruments or
documents filed as part of or in conjunction with this Registration Statement or amendments or
supplements thereof, and each of the undersigned hereby ratifies and confirms all that said
attorneys and agents, or either one of them, shall do or cause to be done by virtue hereof. This
Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of the date
indicated.
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed
below by the following persons in the capacities and on the dates indicated.
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Signature |
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Title |
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Date |
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/s/ Stephen G. Waldis
Stephen G. Waldis
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Chairman of the Board of
Directors, President, and
Chief Executive Officer
(Principal Executive Officer)
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August 10, 2010 |
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/s/ Lawrence R. Irving
Lawrence R. Irving
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Chief Financial Officer and
Treasurer
(Principal Financial
and Accounting Officer)
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August 10, 2010 |
II-3
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Signature |
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Title |
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Date |
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/s/ William J. Cadogan
William J. Cadogan
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Director
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August 10, 2010 |
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/s/ Charles E. Hoffman
Charles E. Hoffman
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Director
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August 10, 2010 |
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/s/ Thomas J. Hopkins
Thomas J. Hopkins
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Director
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August 10, 2010 |
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/s/ James M. McCormick
James M. McCormick
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Director
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August 10, 2010 |
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/s/ Donnie M. Moore
Donnie M. Moore
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Director
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August 10, 2010 |
II-4
EXHIBIT INDEX
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Exhibit Number |
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Exhibit |
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4.1 |
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Instruments Defining the Rights of Stockholders. Reference is made to the Registrants
Registration Statement No. 000-52049 on Form 8-A, together with the amendments and exhibits
thereto, which is incorporated herein by reference pursuant to Item 3(d) to this
Registration Statement. |
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5.1 |
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Opinion and consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP. |
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10.4A |
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2010 New Hire Equity Incentive Plan and forms of agreements thereunder. |
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23.1 |
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Consent of Independent Registered Public Accounting Firm. |
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23.2 |
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Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is contained in
Exhibit 5.1. |
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24 |
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Power of Attorney. Reference is made to page II-3 of this Registration Statement. |