<PAGE>
<PAGE>
As filed with the Securities and Exchange Commission on December 30, 1997
Registration No. 333-________
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------------
Delaware 61-1289391
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
344 Seventeenth Street, Ashland, Kentucky 41101
(Address of principal executive offices) (Zip Code)
CLASSIC BANCSHARES, INC.
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
(Full title of the plan)
Kip A. Weissman, P.C.
Craig M. Scheer, Esq.
Silver, Freedman & Taff, L.L.P.
(a limited liability partnership including professional corporations)
1100 New York Ave., N.W.
Washington, D.C. 20005
(Name and address of agent for service)
(202) 414-6100
(Telephone number, including area code, of agent for service)
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
==============================================================================
Proposed Proposed
Title of maximum maximum
securities offering aggregate Amount of
to be Amount to be price offering registration
registered registered per share price fee
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock,
$.01 par value 200,000 shares(1) $16.125(2) $3,225,000(2) $978(2)
Interests in Savings
Plan(3) N/A(3) N/A N/A N/A(3)
==============================================================================
- ---------------
<FN>
(1)Estimated maximum aggregate number of shares of Classic Bancshares, Inc.
("Classic") common stock purchasable with employee and employer contributions
under the Plan during the next 36 months.
(2)Estimated in accordance with Rule 457(h), solely for the purpose of
calculating the registration fee at $16.125 per share, which was the average
of the high and low prices of the Classic common stock on December 29, 1997,
as reported on the Nasdaq Stock Market.
(3)Pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this
Registration Statement also covers an indeterminate amount of interests to be
offered or sold pursuant to the employee benefit plan described herein. In
accordance with Rule 457(h)(2) no separate fee calculation is made for plan
interests.
</TABLE>
<PAGE>
<PAGE> I-1
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I of
Form S-8 will be sent or given to participants in the Classic Bancshares, Inc.
Employees' Savings & Profit Sharing Plan and Trust (the "Plan") as specified
by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the
"Commission") under the Securities Act of 1933, as amended (the "Securities
Act").
Such document(s) are not being filed with the Commission, but constitute
(along with the documents incorporated by reference into the Registration
Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
<PAGE>
<PAGE> II-1
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 3. Incorporation of Certain Documents by Reference.
The following documents previously or concurrently filed by Classic
Bancshares, Inc. (the "Company") with the Commission are hereby incorporated
by reference into this Registration Statement and the prospectus to which this
Registration Statement relates (the "Prospectus"), which Prospectus has been
or will be delivered to the participants in the Plan covered by this
Registration Statement:
(a) the Company's Annual Report on Form 10-KSB for fiscal year ended
March 31, 1997 (File No. 0-27170) filed pursuant to Rule 13a-1 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act");
(b) all other reports filed by the Company pursuant to Section 13(a) or
15(d) of the Exchange Act since the end of the period covered by the
Report referred to above;
(c) the Company's definitive Proxy Statement for its Annual Meeting of
Stockholders held on July 28, 1997; and
(d) the description of the common stock, par value $.01 per share, of the
Company contained in the Company's Registration Statement on Form 8-A
(File No. 0-27170) filed with the Commission on November 7, 1995 and
all amendments or reports filed for the purpose of updating such
description.
All documents subsequently filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the
date hereof, and 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 incorporated
by reference into this Registration Statement and the Prospectus and to be a
part hereof and thereof from the date of the filing of such documents. Any
statement contained in the documents incorporated, or deemed to be
incorporated, by reference herein or therein shall be deemed to be modified or
superseded for purposes of this Registration Statement and the Prospectus to
the extent that a statement contained herein or therein or in any other
subsequently filed document which also is, or is deemed to be, incorporated by
reference herein or therein 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 and the
Prospectus.
The Company shall furnish without charge to each person to whom the
Prospectus is delivered, on the written or oral request of such person, a copy
of any or all of the documents incorporated by reference, other than exhibits
to such documents (unless such exhibits are specifically incorporated by
<PAGE>
<PAGE> II-2
reference to the information that is incorporated). Requests should be
directed to Lynette F. Speaks, Secretary, 344 Seventeenth Street, Ashland,
Kentucky 41101, telephone number (606) 325-4789.
All information appearing in this Registration Statement and the
Prospectus is qualified in its entirety by the detailed information, including
financial statements, appearing in the documents incorporated herein or
therein by reference.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
Article ELEVENTH of the Company's Certificate of Incorporation provides
for indemnification of directors and officers of the Registrant against any
and all liabilities, judgments, fines and reasonable settlements, costs,
expenses and attorneys' fees incurred in any actual, threatened or potential
proceeding, except to the extent that such indemnification is limited by
Delaware law and such law cannot be varied by contract or bylaw. Article
ELEVENTH also provides for the authority to purchase insurance with respect
thereto.
Section 145 of the General Corporation Law of the State of Delaware
authorizes a corporation's board of directors to grant indemnity under certain
circumstances to directors and officers, when made, or threatened to be made,
parties to certain proceedings by reason of such status with the corporation,
against judgments, fines, settlements and expenses, including attorneys' fees.
In addition, under certain circumstances such persons may be indemnified
against expenses actually and reasonably incurred in defense of a proceeding
by or on behalf of the corporation. Similarly, the corporation, under certain
circumstances, is authorized to indemnify directors and officers of other
corporations or enterprises who are serving as such at the request of the
corporation, when such persons are made, or threatened to be made, parties to
certain proceedings by reason of such status, against judgments, fines,
settlements and expenses, including attorneys' fees; and under certain
circumstances, such persons may be indemnified against expenses actually and
reasonably incurred in connection with the defense or settlement of a
proceeding by or in the right of such other corporation or enterprise.
Indemnification is permitted where such person (i) was acting in good faith,
(ii) was acting in a manner he reasonably believed to be in or not opposed to
the best interests of the corporation or other corporation or enterprise, as
appropriate, (iii) with respect to a criminal proceeding, had no reasonable
cause to believe his conduct was unlawful, and (iv) was not adjudged to be
liable to the corporation or other corporation or enterprise (unless the court
where the proceeding was brought determines that such person is fairly and
reasonably entitled to indemnity).
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<PAGE> II-3
Unless ordered by a court, indemnification may be made only following a
determination that such indemnification is permissible because the person
being indemnified has met the requisite standard of conduct. Such
determination may be made (i) by the corporation's board of directors by a
majority vote of a quorum consisting of directors not at the time parties to
such proceeding; or (ii) if such a quorum cannot be obtained or the quorum so
directs, then by independent legal counsel in a written opinion; or (iii) by
the stockholders.
Section 145 also permits expenses incurred by directors and officers in
defending a proceeding to be paid by the corporation in advance of the final
disposition of such proceedings upon the receipt of an undertaking by the
director or officer to repay such amount if it is ultimately determined that
he is not entitled to be indemnified by the corporation against such expenses.
Under a directors' and officers' liability insurance policy, directors
and officers of the Company are insured against certain liabilities.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
EXHIBIT INDEX
Reference to
Prior Filing or
Regulation S-K Exhibit Number
Exhibit Number Document Attached Hereto
- ------------------------------------------------------------------------------
4 Instruments defining the rights of
security holders, including debentures:
Certificate of Incorporation of Classic
Bancshares, Inc. *
Bylaws of Classic Bancshares, Inc. **
5 Opinion of Silver, Freedman & Taff, L.L.P. 5
23 Consents of Experts and Counsel:
Consent of Silver, Freedman & Taff, L.L.P. 23.1
Consent of Smith, Goolsby, Artis & Reams,
P.S.C. 23.2
24 Power of Attorney Contained on
Signature Page
- -------------------
* Incorporated hereby by reference to Exhibit 3.1 of the Company's
Registration Statement on Form S-1 (Registration No. 33-97574 filed on
September 29, 1995).
** Incorporated hereby by reference to Exhibit 3.2 of the Company's
Registration Statement on Form S-1 (Registration No. 33-97574 filed on
September 29, 1995).
<PAGE>
<PAGE> II-4
The Registrant hereby undertakes that it will submit or has submitted
the Plan and any amendment thereto to the Internal Revenue Service (the "IRS")
in a timely manner and has made or will make all changes required by the IRS
in order to qualify the Plan under Section 401 of the Internal Revenue Code of
1986, as amended.
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 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.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing
of the Registrant's annual report pursuant to Section 13(a) or Section
15(d) of the Securities Exchange Act of 1934 that is incorporated by
reference in the 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 Securities
Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, 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 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 of
expenses incurred or paid by a director, officer or controlling person
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 Act
and will be governed by the final adjudication of such issue.
<PAGE>
<PAGE> II-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 the requirements for filing on Form S-8 and the Registrant has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized in the City of Ashland, Commonwealth of Kentucky on
December 30, 1997.
CLASSIC BANCSHARES, INC.
By: /s/David B. Barbour
-------------------------------------
David B. Barbour, President and Chief
Executive Officer (Duly Authorized
Representative)
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints David B. Barbour or Lisah M. Frazier, his or
her true and lawful attorney-in-fact and agent, with full power of
substitution and re-substitution, for him or her in his or her name, place and
stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, and to file the
same, with all exhibits thereto, and all other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming said attorney-in-fact and agent or his substitute or substitutes
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 dates indicated.
<TABLE>
<S> <C>
/s/C. Cyrus Reynolds /s/David B. Barbour
- ---------------------------------------- ------------------------------------------
C. Cyrus Reynolds, Chairman of the Board David B. Barbour, President, Chief
Executive Officer and Director (Principal
Executive and Operating Officer)
Date: December 30, 1997 Date: December 30, 1997
/s/Robert L. Bayes /s/John W. Clark
- ---------------------------------------- ------------------------------------------
Robert L. Bayes, Executive Vice John W. Clark, Director
President and Director
Date: December 30, 1997 Date: December 30, 1997
<PAGE>
<PAGE> II-6
/s/Robert B. Keifer, Jr. /s/Lisah M. Frazier
- ---------------------------------------- ------------------------------------------
Robert B. Keifer, Jr., Director Lisah M. Frazier, Vice President,
Treasurer and Chief Financial Officer
(Principal Financial and Accounting
Officer)
Date: December 30, 1997 Date: December 30, 1997
- ---------------------------------------- ------------------------------------------
David A. Lang, Director E. B. Gevedon, Jr., Director
Date: Date:
/s/Jeffrey P. Lopez
- ---------------------------------------- ------------------------------------------
Robert A. Moyer, Jr., Director Jeffrey P. Lopez, Director
President and Director
Date: Date: December 30, 1997
</TABLE>
<PAGE>
<PAGE> II-7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the trustees
(or other persons who administer the employee benefit plan) have duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Ashland, Commonwealth of Kentucky,
on December 30, 1997.
Classic Bancshares, Inc. Employees'
Savings & Profit Sharing Plan and Trust
/s/ Robert L. Bayes /s/ David B. Barbour
- --------------------------------- ------------------------------------
Robert L. Bayes David B. Barbour
Member, Administrative Committee Member, Administrative Committee
Date: December 30, 1997 Date: December 30, 1997
/s/ Lisah M. Frazier
- ---------------------------------
Lisah M. Frazier
Member, Administrative Committee
Date: December 30, 1997
<PAGE>
<PAGE>
============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------
EXHIBITS
TO
REGISTRATION STATEMENT ON FORM S-8
UNDER
THE SECURITIES ACT OF 1933
-------------------------
CLASSIC BANCSHARES, INC.
===========================================================================
<PAGE>
<PAGE>
EXHIBIT INDEX
Reference to
Prior Filing or
Regulation S-K Exhibit Number
Exhibit Number Document Attached Hereto
- ----------------------------------------------------------------------------
4 Instruments defining the rights of
security holders, including debentures:
Certificate of Incorporation of Classic
Bancshares, Inc. *
Bylaws of Classic Bancshares, Inc. **
5 Opinion of Silver, Freedman & Taff, L.L.P. 5
23 Consents of Experts and Counsel:
Consent of Silver, Freedman & Taff, L.L.P. 23.1
Consent of Smith, Goolsby, Artis & Reams,
P.S.C. 23.2
24 Power of Attorney Contained on
Signature Page
- -------------------
* Incorporated hereby by reference to Exhibit 3.1 of the Company's
Registration Statement on Form S-1 (Registration No. 33-97574 filed on
September 29, 1995).
** Incorporated hereby by reference to Exhibit 3.2 of the Company's
Registration Statement on Form S-1 (Registration No. 33-97574 filed on
September 29, 1995).
<PAGE>
<PAGE>
December 30, 1997
Board of Directors
Classic Bancshares, Inc.
344 Seventeenth Street
Ashland, KY 41101-7628
Members of the Board:
We have acted as counsel to Classic Bancshares, Inc. (the "Corporation")
in connection with the preparation and filing with the Securities and Exchange
Commission of a registration statement on Form S-8 under the Securities Act of
1933 (the "Registration Statement") relating to 200,000 shares of the
Corporation's Common Stock, par value $.01 per share (the "Common Stock"), to
be offered pursuant to the Classic Bancshares, Inc. Employees' Savings &
Profit Sharing Plan and Trust (the "Plan") and related interests in the Plan.
In this connection, we have reviewed originals or copies, certified or
otherwise identified to our satisfaction, of the Plan and agreements thereto,
the Corporation's Certificate of Incorporation, Bylaws, resolutions of its
Board of Directors and such other documents and corporate records as we have
deemed appropriate for the purpose of rendering this opinion.
Based upon the foregoing, it is our opinion that the shares of Common
Stock and interests in the Plan covered by the Registration Statement will,
when sold, be legally issued, fully paid and non-assessable.
Very truly yours,
/s/ Silver, Freedman & Taff, L.L.P.
SILVER, FREEDMAN & TAFF, L.L.P.
<PAGE>
<PAGE>
December 30, 1997
Board of Directors
Classic Bancshares, Inc.
344 Seventeenth Street
Ashland, KY 41101-7628
Members of the Board:
We hereby consent to the inclusion of our opinion as Exhibit 5 of this
Registration Statement. In giving this consent, we do not admit that we are
within the category of persons whose consent is required under Section 7 of
the Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Silver, Freedman & Taff, L.L.P.
SILVER, FREEDMAN & TAFF, L.L.P.
<PAGE>
<PAGE>
Board of Directors
Classic Bancshares, Inc.
344 Seventeenth Street
Ashland, KY 41101-7628
Members of the Board:
We consent to the incorporation by reference in this Registration
Statement on Form S-8 of Classic Bancshares, Inc. (the "Company") of our
report on the financial statements of the Company included in the Company's
Annual Report on Form 10-KSB for the fiscal year ended March 31, 1997.
/s/ SMITH, GOOLSBY, ARTIS & REAMS, P.S.C.
Ashland, Kentucky
December 29, 1997
