<PAGE>
As filed with the Securities and Exchange Commission on January 11, 2001
Registration No. 333-
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------------
TRIPATH TECHNOLOGY INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
-------------------------
DELAWARE 3674 77-0407364
(STATE OR OTHER (PRIMARY STANDARD (I.R.S. EMPLOYER
JURISDICTION INDUSTRIAL IDENTIFICATION
OF INCORPORATION CLASSIFICATION CODE NUMBER) NUMBER)
OR ORGANIZATION)
3900 FREEDOM CIRCLE
SANTA CLARA, CALIFORNIA 95054
(408) 567-3000
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
2000 STOCK PLAN
2000 EMPLOYEE STOCK PURCHASE PLAN
(FULL TITLE OF THE PLANS)
-------------------------
DR. ADYA S. TRIPATHI
CHAIRMAN OF THE BOARD
PRESIDENT AND CHIEF EXECUTIVE OFFICER
TRIPATH TECHNOLOGY, INC.
3900 FREEDOM CIRCLE
SANTA CLARA, CALIFORNIA 95054
(408) 567-3000
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF AGENT FOR SERVICE)
-------------------------
COPY TO:
MICHAEL J. DANAHER, ESQ.
WILSON SONSINI GOODRICH & ROSATI
PROFESSIONAL CORPORATION
650 PAGE MILL ROAD
PALO ALTO, CA 94304-1050
(650) 493-9300
-------------------------
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/
-------------------------
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
=========================================== ================= ======================= =========================== ================
PROPOSED MAXIMUM
TITLE OF EACH CLASS OF SECURITIES TO BE AMOUNT TO BE OFFERING PRICE PER PROPOSED MAXIMUM AMOUNT OF
REGISTERED REGISTERED SHARE AGGREGATE OFFERING PRICE REGISTRATION FEE
------------------------------------------- ----------------- ----------------------- --------------------------- ----------------
<S> <C> <C> <C> <C>
2000 Stock Plan
Common Stock, $0.001 par value
(currently outstanding options) (1)...... 8,115,003 shares $ 7.79 $63,215,873.37 $15,803.97
------------------------------------------- ----------------- ----------------------- --------------------------- ----------------
2000 Stock Plan
Common Stock, $0.001 par value
(options available for future grant) (2). 3,207,908 shares $11.19 $35,896,490.52 $ 8,974.13
------------------------------------------- ----------------- ----------------------- --------------------------- ----------------
2000 Employee Stock Purchase Plan
Common Stock, $0.001 par value (3) ...... 500,000 shares $ 9.52 $ 4,760,000.00 $ 1,190.00
------------------------------------------- ----------------- ----------------------- --------------------------- ----------------
TOTAL REGISTRATION FEES $25,968.10
=========================================== ================= ======================= =========================== ================
</TABLE>
(1) 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 the
weighted average exercise price per share of $7.79 as to 8,115,003 outstanding
but unexercised options to purchase Common Stock under the 2000 Stock Plan.
(2) 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. 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
January 9, 2001 because the price at which the options to be granted in the
future may be exercised is not currently determinable.
(3) 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
January 9, 2001 because the price at which the stock will be issued is not
currently determinable. Pursuant to the 2000 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
the Common Stock on the Subscription Date or the Purchase Date, whichever is
lower. The Fair Market Value is defined as the closing price each day the
market is open on either the Subscription Date or the Purchase Date,
whichever price is lower.
================================================================================
<PAGE>
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 Company's Registration Statement on Form S-1 (Registration
No. 333-35028) under the Securities Act of 1933, as amended, in
the form declared effective on July 31, 2000, including the
Prospectus dated July 31, 2000 as filed by the Company pursuant
to Rule 424(b) on such date.
(b) The description of the Registrant's Common Stock contained in the
Registration Statement on Form 8-A filed pursuant to Section 12
of the Exchange Act on July 19, 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.
The class of securities to be offered is registered under Section 12 of
the Exchange Act.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
The validity of the shares of Common Stock offered hereby has been
passed upon for the Company by Wilson Sonsini Goodrich & Rosati, Professional
Corporation, Palo Alto, California. As of the date of this registration
statement, investment partnerships composed of members of and persons associated
with Wilson Sonsini Goodrich & Rosati, Professional Corporation, in addition to
current members of and persons associated with Wilson Sonsini Goodrich & Rosati,
Professional Corporation, beneficially own an aggregate of 61,750 shares of
Company Common Stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Delaware law authorizes corporations to eliminate the personal
liability of directors to corporations and their stockholders for monetary
damages for breach or alleged breach of the directors' "duty of care." While the
relevant statute does not change directors' duty of care, it enables
corporations to limit available relief to equitable remedies such as injunction
or rescission. The statute has no effect on directors' duty of loyalty, acts or
omissions not in good faith or involving intentional misconduct or knowing
violations of law, illegal payment of dividends and approval of any transaction
from which a director derives an improper personal benefit.
The Registrant has adopted provisions in its Certificate of
Incorporation which eliminate the personal liability of its directors to the
Registrant and its stockholders for monetary damages for breach or alleged
breach of their duty of care. The Bylaws of the Registrant provide for
indemnification of its directors,
II-1
<PAGE>
officers, employees and agents to the full extent permitted by the General
Corporation Law of the State of Delaware, the Registrant's state of
incorporation, including those circumstances in which indemnification would
otherwise be discretionary under Delaware Law. Section 145 of the General
Corporation Law of the State of Delaware provides for indemnification in terms
sufficiently broad to indemnify such individuals, under certain circumstances,
for liabilities (including reimbursement of expenses incurred) arising under the
Securities Act of 1933, as amended.
The Registrant has entered into agreements with each of its directors
and executive officers to indemnify such persons against expenses, judgments,
fines, settlements and other amounts actually and reasonably incurred (including
expenses of a derivative action) in connection with any proceeding, whether
actual or threatened, to which any such person may be made a party by reason of
the fact that such person is or was a director or officer of the Registrant or
any of its affiliated enterprises, provided such person acted in good faith and
in a manner such person reasonably believed to be in or not opposed to the best
interests of the Registrant and, with respect to any criminal proceeding, had no
reasonable cause to believe his or her conduct was unlawful. The indemnification
agreements also set forth certain procedures that will apply in the event of a
claim for indemnification thereunder.
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 that 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 (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 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.
II-2
<PAGE>
(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 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 Act and
will be governed by the final adjudication of such issue.
II-3
<PAGE>
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 Santa Clara, State of California on January 11, 2001.
TRIPATH TECHNOLOGY INC.
By: /s/ DR. ADYA S. TRIPATHI
-----------------------------------------
Dr. Adya S. Tripathi
President and Chief Executive Officer,
Chairman of the Board
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Adya S. Tripathi and John J. DiPietro,
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.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
-------------------------- ----------------------------------------------- ------------------------
<S> <C> <C>
/s/ DR. ADYA S. TRIPATHI President, Chief Executive Officer and January 11, 2001
------------------------- Chairman
Dr. Adya S. Tripathi
/s/ JOHN J. DIPIETRO Chief Financial Officer January 11, 2001
-------------------------
John J. DiPietro
/s/ TSUYOSHI TAIRA Director January 11, 2001
-------------------------
Tsuyoshi Taira
/s/ BERNARD T. MARREN Director January 11, 2001
-------------------------
Bernard T. Marren
/s/ CHARLES JUNGO Director January 11, 2001
-------------------------
Charles Jungo
/s/ SOHAIL KHAN Director January 11, 2001
-------------------------
Sohail Khan
</TABLE>
II-4
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER EXHIBIT DOCUMENT
----------------------- ---------------------------------------------------------------------------
<S> <C>
4.1 * Restated Certificate of Incorporation of Tripath Technology Inc.
4.2 * Bylaws of Registrant
4.3 * 2000 Stock Plan
4.4 * 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 Accountants)
23.2 Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation
(contained in Exhibit 5.1 hereto)
24.1 Power of Attorney (see Registration Statement Signature Page)
</TABLE>
--------------------
* Incorporated by reference to the Exhibits filed with the Registrant's
Registration Statement on Form S-1 (No. 333-35028), as Amended, which
became effective July 31, 2000.
