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As filed with the Securities and Exchange Commission on August 25, 2000
Registration No. 333-____________
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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UTSTARCOM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<TABLE>
<S> <C> <C>
DELAWARE 3661 52-1782500
(STATE OR OTHER JURISDICTION OF (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER)
</TABLE>
UTSTARCOM, INC.
1275 HARBOR BAY PARKWAY, SUITE 100
ALAMEDA, CA 94502
(510) 864-8800
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA
CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
1995 STOCK PLAN
1997 STOCK PLAN
2000 EMPLOYEE STOCK PURCHASE PLAN
(FULL TITLE OF THE PLANS)
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HONG L. LU
PRESIDENT AND CHIEF EXECUTIVE OFFICER
UTSTARCOM, INC.
1275 HARBOR BAY PARKWAY, SUITE 100
ALAMEDA, CA 94502
(510) 864-8800
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
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COPIES TO:
CARMEN CHANG, ESQ.
WILSON SONSINI GOODRICH & ROSATI
PROFESSIONAL CORPORATION
650 PAGE MILL ROAD
PALO ALTO, CA 94304
(650) 493-9300
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As
soon as practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, check the following box. /X/
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<CAPTION>
CALCULATION OF REGISTRATION FEE
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PROPOSED
MAXIMUM PROPOSED
AMOUNT OFFERING MAXIMUM
TITLE OF EACH CLASS OF SECURITIES TO TO BE PRICE AGGREGATE AMOUNT OF
BE REGISTERED REGISTERED PER SHARE OFFERING PRICE REGISTRATION FEE
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
<S> <C> <C> <C> <C>
1995 Stock Plan
Common Stock, $0.00125 par value
(currently outstanding options) (1) 3,797,690 shares $1.0410 $3,953,395.29 $1,044.00
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
1997 Stock Plan
Common Stock, $0.00125 par value
(currently outstanding options) (2) 9,057,258 shares $7.1646 $64,891,630.66 $17,132.00
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
1997 Stock Plan
Common Stock, $0.00125 par value
(options available for future grant) (3) 3,490,338 shares $21.2188 $74,060,783.95 $19,552.00
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
TOTAL OF 1997 STOCK PLAN SHARES REGISTERED 12,547,596 shares $138,952,414.61 $36,684.00
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
2000 Employee Stock Purchase Plan
Common Stock, $0.00125 par value (4) 4,000,000 shares $18.0360 $72,144,000.00 $19,046.00
---------------------------------------------- -------------------- ------------------- ---------------------- -------------------
TOTAL REGISTRATION FEES $215,049,809.90 $56,774.00
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(1) The computation is based upon the weighted average exercise price per
share of approximately $1.0410 as to 3,797,690 outstanding but
unexercised options to purchase Common Stock under the 1995 Stock Plan.
(2) The computation is based upon the weighted average exercise price per
share of approximately $7.1646 as to 9,057,258 outstanding but
unexercised options to purchase Common Stock under the 1997 Stock Plan.
(3) The Proposed Maximum Offering Price Per Share has been estimated in
accordance with Rule 457(h) under the Securities Act of 1933 as to the
remaining 3,490,338 shares of Common Stock authorized for issuance pursuant
to the 1997 Stock Plan, solely for the purpose of calculating the
registration fee. No options have been granted with respect to such shares.
The computation is based upon the average of the high and low price of the
Common Stock as reported on the Nasdaq National Market on August 23, 2000
because the price at which the options to be granted in the future may be
exercised is not currently determinable.
(4) The Proposed Maximum Offering Price Per Share has been estimated in
accordance with Rule 457(h) under the Securities Act of 1933 solely for the
purpose of calculating the registration fee. The computation is based upon
85% (see explanation in following sentence) of the average of the high and
low price of the Common Stock as reported on the Nasdaq National Market on
August 23, 2000 because the price at which the securities to be granted in
the future may be exercised is not currently determinable. Pursuant to the
Employee Stock Purchase Plan, which plan is incorporated by reference
herein, the Purchase Price of a share of Common Stock shall mean an amount
equal to 85% of the Fair Market Value of a share of Common Stock on the
Enrollment Date or the Exercise Date, whichever is lower.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INFORMATION INCORPORATED BY REFERENCE.
The following documents and information previously filed with the
Securities and Exchange Commission are hereby incorporated by reference:
(a) The Registrant's Quarterly Report on Form 10-Q (Commission file
no. 000-29661) for the quarter ended June 30, 2000, filed with
the Commission on August 14, 2000.
(b) The description of the Common Stock of the Registrant that is
contained in the Registration Statement on Form 8-A filed
pursuant to Section 12 of the Securities Exchange Act of 1934, as
amended (the "Exchange" Act") on February 23, 2000.
(c) All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the filing
of this Registration Statement and prior to the filing of 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 the Registration Statement and to be 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.
Carmen Chang, an associate of Wilson Sonsini Goodrich & Rosati,
Professional Corporation, is Assistant Secretary of the Registrant. Wilson
Sonsini Goodrich & Rosati is corporate counsel to the Registrant.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Under Section 145 of the Delaware General Corporation Law, the
Registrant can indemnify its directors and officers against liabilities they
may incur in such capacities, including liabilities under the Securities Act
of 1933, as amended (the "Securities Act"). The Registrant's bylaws provide
that it will indemnify its directors and officers to the fullest extent
permitted by law.
The Registrant's certificate of incorporation provides that,
pursuant to Delaware law, its directors shall not be liable for monetary
damages for breach of the directors' fiduciary duty of care to the Registrant
and its stockholders. This provision in the certificate of incorporation does
not eliminate the duty of care, 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 director's duty of loyalty to the
Registrant or its stockholders, for acts or omissions not in good faith or
involving intentional misconduct or 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 director's
responsibilities under any other law, such as the federal securities laws or
state or federal environmental laws.
In addition, the Registrant has entered or will enter into
agreements to indemnify its directors and certain officers in addition to the
indemnification provided for in the certificate of incorporation and bylaws.
These agreements will, among other things, indemnify the Registrant's
directors and certain officers for
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certain expenses (including attorneys' fees), judgments, fines and settlement
amounts incurred by such person in any action or proceeding, including any
action by or in the Registrant's right, on account of services by that person
as a director or officer of the Registrant or as a director or officer of any
subsidiary of the Registrant, or as a director or officer of any other
company or enterprise that the person provides services to at the request of
the Registrant.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The Exhibits listed on the accompanying Index to Exhibits are filed
as part hereof, or incorporated by reference into, this Registration
Statement. (See Exhibit Index below).
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, 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, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) 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 an initial bona
fide offering thereof.
(c) 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 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
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.
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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 Alameda, State of California on August 25, 2000.
UTSTARCOM, INC.
By: /s/ Hong Liang Lu
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Hong Liang Lu
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Hong Liang Lu and Michael Sophie, jointly
and severally, his attorneys-in-fact, each with the power of substitution, for
him in any and all capacities, to sign any amendments to this Registration
Statement on Form S-8, and to file the same, with exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
hereby ratifying and confirming all that each of said attorneys-in-fact, or his
substitute or substitutes, may 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 by the following persons in the
capacities and on the date indicated.
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<CAPTION>
SIGNATURE TITLE DATE
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<S> <C> <C>
/s/ Hong Liang Lu
------------------------------------- Chief Executive Officer (principal
Hong Liang Lu executive officer) and Director (1) August 25, 2000
/s/ Michael Sophie
------------------------------------- Chief Financial Officer (principal
Michael Sophie financial and accounting officer) August 25, 2000
/s/ Yoshitaka Kitao
-------------------------------------
Yoshitaka Kitao Director (1) August 25, 2000
/s/ Masayoshi Son
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Masayoshi Son Director (1) August 25, 2000
/s/ Ying Wu
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Ying Wu Director (1) August 25, 2000
/s/ Chauncey Shey
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Chauncey Shey Director (1) August 25, 2000
/s/ Thomas J. Toy
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Thomas J. Toy Director (1) August 25, 2000
/s/ Larry D. Horner
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Larry D. Horner Director (1) August 25, 2000
/s/ Charles Xue
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Charles Xue Director (1) August 25, 2000
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(1) The employee benefit plans being registered pursuant to this
Registration Statement are subject to administration by the Board of
Directors of the Registrant.
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INDEX TO EXHIBITS
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SEQUENTIALLY
EXHIBIT NUMBER EXHIBIT DOCUMENT NUMBERED PAGE
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<S> <C> <C>
4.1* Certificate of Incorporation of Registrant
4.2* Bylaws of Registrant
4.3* 1995 Stock Plan
4.4* 1997 Stock Plan
4.5* 2000 Employee Stock Purchase Plan
5.1 Opinion of Wilson Sonsini Goodrich & Rosati,
Professional Corporation, as to the legality of
securities being registered (Counsel to the Registrant)
23.1 Consent of PricewaterhouseCoopers LLP, Independent Public Accountants
23.2 Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation
(contained in Exhibit 5.1 hereto)
24.1 Power of Attorney (see page II-3)
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* Incorporated by reference to the Company's Registration Statement on Form S-1
(File No. 333-93069), effective March 2, 2000.
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