<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 4, 1998
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
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PENTEGRA DENTAL GROUP, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 76-0545043
(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
PENTEGRA DENTAL GROUP, INC.
2999 NORTH 44TH STREET, SUITE 650
PHOENIX, ARIZONA 85018
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
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PENTEGRA DENTAL GROUP, INC.
1997 STOCK COMPENSATION PLAN
(FULL TITLE OF THE PLAN)
----------------------------------------
GARY S. GLATTER
PENTEGRA DENTAL GROUP, INC.
2999 NORTH 44TH STREET, SUITE 650
PHOENIX , ARIZONA 85018
(602) 952-1200
(NAME, ADDRESS, INCLUDING ZIP CODE AND TELEPHONE
NUMBER, INCLUDING AREA CODE, OF AGENT OF SERVICE)
----------------------------------------
COPY TO:
RICHARD S. ROTH
JACKSON WALKER L.L.P.
1100 LOUISIANA, SUITE 4200
HOUSTON, TEXAS 77002
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
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Title of
Securities Proposed Maximum Proposed Maximum
to be Amount to be Offering Price Aggregate Offering Amount of
Registered Registered Per Share(1) Price(1) Registration Fee
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<S> <C> <C> <C> <C>
Common Stock
$.001 par value 2,000,000 Shares $8.29 $16,580,000 $4,892
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</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee.
Pursuant to Rules 457(c) and 457(h), the offering price and registration
fee are computed on the basis of the average of the high and low prices of
the Common Stock, as reported by the American Stock Exchange on June 3,
1998.
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<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, which have been filed with the Securities and
Exchange Commission (the "Commission") by the Company, are incorporated herein
by reference and made a part hereof:
(i) Prospectus, dated March 24 1998, filed with the Commission on
March 25, 1998 pursuant to Rule 424(b) under the Securities Act
of 1933, as amended;
(ii) Registration Statement on Form 8-A/A (No. 001-13725), effective
as of March 24, 1998; and
(iii) Quarterly Report on Form 10-Q for the quarter ended March 31,
1998.
All documents filed with the Commission pursuant to Section 13(a), 13(c),
14 and 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to
the date of this Registration Statement and prior to the filing of a
post-effective amendment that indicates that all securities offered have been
sold or that deregisters all securities then remaining unsold, shall be deemed
to be incorporated herein by reference and to be a part hereof from the date
of filing of such documents.
Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also 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.
2
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ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
DELAWARE GENERAL CORPORATION LAW
Section 145(a) of the General Corporation Law of the State of Delaware (the
"DGCL") provides that a corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the corporation) by
reason of the fact that he is or was a director, officer, employee or agent of
the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him in connection with such action, suit or proceeding if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of NOLO CONTENDERE or its equivalent, shall not, of
itself, create a presumption that the person did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best
interests of the corporation, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that his conduct was unlawful.
Section 145(b) of the DGCL states that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action or suit by or in the right of the
corporation to procure a judgment in its favor by reason of the fact that he is
or was a director, officer, employee or agent of the corporation, or is or was
serving at the request or agent of another corporation, partnership, joint
venture, trust or other enterprise against expenses (including attorneys' fees)
actually and reasonably incurred by him in connection with the defense or
settlement of such action or suit if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation unless and only to the extent that the Court of
Chancery or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses which the Court of Chancery or such other court
shall deem proper.
Section 145(c) of the DGCL provides that to the extent that a director,
officer, employee or agent of a corporation has been successful on the merits or
otherwise in defense of any action, suit or proceeding referred to in
subsections (a) and (b) of Section 145, or in defense of any claim, issue or
matter therein, he shall be indemnified against expenses (including attorneys'
fees) actually and reasonably incurred by him in connection therewith.
3
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Section 145(d) of the DGCL states that any indemnification under
subsections (a) and (b) of Section 145 (unless ordered by a court) shall be made
by the corporation only as authorized in the specific case upon a determination
that indemnification of the director, officer, employee or agent is proper in
the circumstances because he has met the applicable standard of conduct set
forth in subsections (a) and (b). Such determination shall be made (1) by the
board of directors by a majority vote of a quorum consisting of directors who
were not parties to such action, suit or proceeding, even though less than a
quorum or (2) if there are no such directors or if such directors so direct, by
independent legal counsel in a written opinion, or (3) by the stockholders.
Section 145(e) of the DGCL provides that expenses (including attorneys'
fees) incurred by an officer or director in defending any civil, criminal,
administrative or investigative action, suit or proceeding may be paid by the
corporation in advance of the final disposition of such action, suit or
proceeding upon receipt of an undertaking by or on behalf of such director or
officer to repay such amount if it shall ultimately be determined that he is not
entitled to be indemnified by the corporation as authorized in Section 145.
Such expenses (including attorneys' fees) incurred by other employees and agents
may be so paid upon such terms and conditions, if any, as the board of directors
deems appropriate.
Section 145(f) of the DGCL states that the indemnification and advancement
of expenses provided by, or granted pursuant to, the other subsections of
Section 145 shall not be deemed exclusive of any other rights to which those
seeking indemnification or advancement of expenses may be entitled under any
bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
both as to action in his official capacity and as to action in another capacity
while holding such office.
Section 145(g) of the DGCL provides that a corporation shall have the power
to purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the corporation, or is or was serving at
the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
against any liability asserted against him and incurred by him in any such
capacity, or arising out of his status as such, whether or not the corporation
would have the power to indemnify him against such liability under the
provisions of Section 145.
Section 145(j) of the DGCL states that the indemnification and advancement
of expenses provided by, or granted pursuant to, Section 145 shall, unless
otherwise provided when authorized or ratified, continue as to a person who has
ceased to be a director, officer, employee or agent, and shall inure to the
benefit of the heirs, executors and administrators of such a person.
RESTATED CERTIFICATE OF INCORPORATION
The Restated Certificate of Incorporation of the Company provides that a
director of the Company shall not be personally liable to the Company or its
stockholders for monetary damages for breach of fiduciary duty as a director,
except for liability for unlawful payments of dividends or
4
<PAGE>
unlawful stock repurchases or redemptions as provided for in Section 174 of
the DGCL. If the DCGL is amended to authorize the further elimination or
limitation of the liability of directors, then the liability of a director of
the Company, in addition to the limitation on personal liability described
above, shall be limited to the fullest extent permitted by the amended DCGL.
Further, any repeal or modification of such provision of the Restated
Certificate of Incorporation by the stockholders of the Company shall be
prospective only, and shall not adversely affect any limitation on the
personal liability of a director of the Company existing at the time of such
repeal or modification.
BYLAWS
The Bylaws of the Company provide that the Company will indemnify any
director or officer of the Company to the full extent permitted by applicable
law, and may, if and to the extent authorized by the Board of Directors, so
indemnify such other persons whom it has the power to indemnify against any
liability, reasonable expense or other matter whatsoever.
INSURANCE
The Company maintains liability insurance for the benefit of its directors
and officers.
Insofar as indemnification for liabilities arising under the Securities Act
of 1933 (the "Securities Act") may be permitted to directors, officers or
controlling persons of the Company pursuant to the foregoing provisions, the
Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act, as
amended, and is therefore unenforceable.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The following is a list of all exhibits filed as a part of this
Registration Statement on Form S-8, including those incorporated herein by
reference.
<TABLE>
<CAPTION>
Exhibit
No. Description of Exhibit
- -------- ----------------------
<C> <S>
4.1 Restated Certificate of Incorporation of Pentegra Dental Group, Inc.
(incorporated herein by reference to Exhibit 3.1 of the Company's
Registration Statement on Form S-1 (File No. 333-37633), filed with
the Commission on October 10, 1997 (the "Company's Form S-1").
4.2 Bylaws of Pentegra Dental Group, Inc. (incorporated herein by
reference to Exhibit 3.2 of the Company's Form S-1).
5
<PAGE>
4.3 Form of certificate evidencing ownership of the Common Stock of
Pentegra Dental Group, Inc. (incorporated herein by reference to
Exhibit 4.1 of the Company's Form S-1).
4.4 Form of Registration Rights Agreement for the dentist-owners of the
founding affiliated dental practices of the Company (incorporated
herein by reference to Exhibit 4.2 of the Company's Form S-1, as filed
with the Commission on December 11, 1997 in Amendment No. 1 to the
Company's Form S-1).
4.5 Registration Rights Agreement, dated September 30, 1997, between
Pentegra Dental Group, Inc. and the stockholders named therein
(incorporated herein by reference to Exhibit 4.3 of the Company's
Form S-1).
5.1 Opinion of Jackson Walker L.L.P.
23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of Jackson Walker L.L.P. (contained in Exhibit 5.1)
24.1 Power of Attorney (contained on the signature page of this
Registration Statement).
99 Pentegra Dental Group, Inc. 1997 Stock Compensation Plan (incorporated
herein by reference to Exhibit 10.1 of the Company's Form S-1).
</TABLE>
ITEM 9. UNDERTAKINGS.
(a) RULE 415 OFFERING. 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 this Registration Statement or any material change
to such information in this 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) SUBSEQUENT EXCHANGE ACT DOCUMENTS. The undersigned Registrant hereby
undertakes that, for purposes of determining any liability under the Securities
Act of 1933, each filing of the
6
<PAGE>
Company's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) 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) INDEMNIFICATION. 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 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 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.
7
<PAGE>
POWER OF ATTORNEY
Each person whose signature appears below authorizes Gary S. Glatter to
execute in the name of each such person who is then an officer or director of
the Registrant, and to file any amendments to this Registration Statement
necessary or advisable to enable the Registrant to comply with the Securities
Act of 1933, as amended, and any rules, regulations and requirements of the
Securities and Exchange Commission, in respect thereof, in connection with the
registration of the securities that are the subject of this Registration
Statement, which amendments may make such changes to such Registration Statement
as such attorney may deem appropriate.
SIGNATURE PAGE
Pursuant to the requirements of the Securities Act of 1933, as amended,
Pentegra Dental Group, Inc. 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 Phoenix, State of Arizona , on June 4,
1998.
PENTEGRA DENTAL GROUP, INC.
By: /s/ Gary S. Glatter
----------------------------------------
Gary S. Glatter
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated on June 3, 1998.
<TABLE>
<CAPTION>
SIGNATURES TITLE
---------- -----
<S> <C>
President, Chief Executive
/s/ Gary S. Glatter Officer, and Director
- ----------------------------
Gary S. Glatter
Senior Vice President,
Chief Financial Officer
/s/ Sam H. Carr and Director
- ----------------------------
Sam H. Carr
8
<PAGE>
SIGNATURES TITLE
---------- -----
<S> <C>
/s/ Omer K. Reed Chairman of the Board
- ---------------------------------
Omer K. Reed, D.D.S.
/s/ Ronnie L. Andress, D.D.S. Director
- ---------------------------------
Ronnie L. Andress, D.D.S.
/s/ J. Michael Casas Director
- ---------------------------------
J. Michael Casas
/s/ James H. Clarke, Jr., D.D.S Director
- ---------------------------------
James H. Clarke, Jr., D.D.S.
/s/ Ronald E. Geistfeld, D.D.S. Director
- ---------------------------------
Ronald E. Geistfeld, D.D.S.
/s/ Mack E. Greder, D.D.S. Director
- ---------------------------------
Mack E. Greder, D.D.S.
/s/ Roger Allen Kay, D.D.S. Director
- ---------------------------------
Roger Allen Kay, D.D.S.
/s/ Gerald F. Mahoney Director
- ---------------------------------
Gerald F. Mahoney
/s/ Anthony P. Maris Director
- ---------------------------------
Anthony P. Maris
/s/ George M. Siegel Director
- ---------------------------------
George M. Siegel
/s/ Ronald M. Yaros, D.D.S. Director
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Ronald M. Yaros, D.D.S.
</TABLE>
9
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
No. Description of Exhibit
- ------- ----------------------
<C> <C>
4.1 Restated Certificate of Incorporation of Pentegra Dental Group, Inc.
(incorporated herein by reference to Exhibit 3.1 of the Company's
Registration Statement on Form S-1 (File No. 333-37633), filed with
the Commission on October 10, 1997 (the "Company's Form S-1").
4.2 Bylaws of Pentegra Dental Group, Inc. (incorporated herein by
reference to Exhibit 3.2 of the Company's Form S-1).
4.3 Form of certificate evidencing ownership of the Common Stock of
Pentegra Dental Group, Inc. (incorporated herein by reference to
Exhibit 4.1 of the Company's Form S-1).
4.4 Form of Registration Rights Agreement for the dentist-owners of the
founding affiliated dental practices of the Company (incorporated
herein by reference to Exhibit 4.2 of the Company's Form S-1, as filed
with the Commission on December 11, 1997 in Amendment No. 1 to the
Company's Form S-1).
4.5 Registration Rights Agreement, dated September 30, 1997, between
Pentegra Dental Group, Inc. and the stockholders named therein
(incorporated herein by reference to Exhibit 4.3 of the Company's
Form S-1).
5.1 Opinion of Jackson Walker L.L.P.
23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of Jackson Walker L.L.P. (contained in Exhibit 5.1)
24.1 Power of Attorney (contained on the signature page of this
Registration Statement).
99 Pentegra Dental Group, Inc. 1997 Stock Compensation Plan (incorporated
herein by reference to Exhibit 10.1 of the Company's Form S-1).
</TABLE>
10
<PAGE>
EXHIBIT 5.1
June 4, 1998
Pentegra Dental Group, Inc.
2999 North 44th Street
Suite 650
Phoenix, Arizona 85018
Re: Registration Statement on Form S-8 of Pentegra Dental Group, Inc.
Gentlemen:
We are acting as counsel for Pentegra Dental Group, Inc., a Delaware
corporation (the "Company"), in connection with the registration under the
Securities Act of 1933, as amended (the "Act"), of up to 2,000,000 shares of the
Company's Common Stock, par value $.001 per share (the "Shares"), which shares
are issuable upon the grant of restricted stock awards ("Restricted Stock
Awards") or the exercise of options ("Options") granted or to be granted from
time to time to eligible persons, pursuant to the provisions of the Pentegra
Dental Group, Inc. 1997 Stock Compensation Plan (the "Plan"). A Registration
Statement on Form S-8 covering the offering and sale of the Shares (the
"Registration Statement") is expected to be filed with the Securities and
Exchange Commission on or about the date hereof.
In reaching the conclusions expressed in this opinion we have examined and
relied upon such documents, corporate records, and other instruments, including
certificates of public officials and certificates of officers of the Company,
and made such further investigation and inquiry as we have deemed necessary to
reach the opinions expressed herein. In making the foregoing examinations, we
have assumed the genuineness of all signatures on original documents, the
authenticity, accuracy, and completeness of all documents submitted to us as
originals, and the conformity to original documents of all copies submitted to
us.
Based solely upon the foregoing, subject to the comments and exceptions
hereinafter stated, it is our opinion that the Shares, when issued by the
Company in accordance with the terms of the Plan, the Options and the Restricted
Stock Awards for consideration having a value not less than the par value
thereof, will be validly issued, fully paid and nonassessable.
<PAGE>
Pentegra Dental Group, Inc.
June 4, 1998
Page 2
We express no opinion as to the laws of any jurisdiction other than the
General Corporation Law of the State of Delaware and the federal laws of the
United States of America, in each case as in effect on the date hereof.
We hereby consent to the use of this opinion as an Exhibit to the
Registration Statement. In giving this consent, we do not admit that we come
within the category of persons whose consent is required under Section 7 of the
Act or the rules and regulations of the Commission promulgated thereunder.
Very truly yours,
JACKSON WALKER L.L.P.
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the registration statement of
Pentegra Dental Group, Inc. on Form S-8 related to the 1997 Stock
Compensation Plan of our report dated March 24, 1998, on our audit of the
financial statements as of December 31, 1997, and for the period from
inception, February 21, 1997 through December 31, 1997.
Coopers & Lybrand L.L.P.
Houston, Texas
June 4, 1998
