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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 21, 1999
Registration No. 333-_________
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
DATALINK CORPORATION
(Exact name of Registrant as Specified in its Charter)
MINNESOTA 7373 41-0856543
(State of incorporation (Primary Standard Industrial (I.R.S. Employer
or organization) Classification Code No.) Identification No.)
7423 WASHINGTON AVENUE SOUTH
MINNEAPOLIS, MINNESOTA 55439
(612) 944-3462
(Address, including zip code and telephone number,
including area code, or registrant's principal executive offices)
DATALINK CORPORATION 1999 INCENTIVE
COMPENSATION PLAN
DATALINK CORPORATION EMPLOYEE STOCK
PURCHASE PLAN
(Full Title of the Plans)
Greg R. Meland
President and Chief Executive Officer
Datalink Corporation
7423 Washington Avenue South
Minneapolis, Minnesota 55439
(612) 944-3462
(Name, address, including zip code and telephone number,
including area code, of agent for service)
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CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Proposed Proposed
Amount maximum maximum
Title of securities to be to be offering price aggregate Amount of
registered registered (1) per share offering price registration fee
---------- -------------- --------- -------------- ----------------
<S> <C> <C> <C> <C>
1999 INCENTIVE
COMPENSATION PLAN
Options N/A N/A N/A
Common Stock (par value $.001) 1,350,000 Shares $17.50 (2) $23,625,000 (2) $6,237
EMPLOYEE STOCK PURCHASE PLAN
Rights to Purchase N/A N/A N/A
Common Stock (par value $.001) 250,000 Shares $17.50 (2) $4,375,000 (2) $1,155
</TABLE>
(1) This Registration Statement also covers any additional shares of Common
Stock which become issuable under the 1999 Incentive Compensation Plan and the
Employee Stock Purchase Plan by reason of any stock dividend, stock split,
recapitalization or other similar transaction effected without the receipt of
consideration which results in an increase in the number of the outstanding
shares of Common Stock of Datalink Corporation. In addition, 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 plans described herein.
(2) Calculated solely for purposes of this offering under Rule 457(h) of the
Securities Act of 1933, as amended, on the basis of the fair market value per
share of Common Stock of Datalink Corporation on December 20, 1999.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
Datalink Corporation (the "Registrant") hereby incorporates by
reference into this Registration Statement the following documents previously
filed with the Securities and Exchange Commission (the "SEC"):
(a) The Registrant's prospectus filed with the SEC on August 8, 1999
pursuant to Rule 424(b) of the Securities Act of 1933, as amended (the "1933
Act"), in connection with the Registration Statement No. 333-55935 on Form S-1,
together with any and all amendments thereto, in which there is set forth
audited financial statements for the Registrant's fiscal years ended December
31, 1998, 1997 and 1996 and
(b) The Registrant's Registration Statement on Form 8-A filed with the
SEC on August 4, 1998, together with all amendments thereto, pursuant to Section
12 of the Securities Exchange Act of 1934, as amended (the "1934 Act") in which
there is described the terms, rights and provisions applicable to the
Registrant's outstanding Common Stock.
In addition, all reports and definitive proxy or information statements
filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act since the
end of the fiscal year covered by the Registrant document referred to in (a)
above 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 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
The Registrant's Amended and Restated Articles of Incorporation limit
the liability of directors to the maximum extent permitted by the Minnesota
Business Corporation Act. Specifically, directors will not be personally liable
for monetary damages for breach of their fiduciary duties as directors, except
for liability due to (i) any breach of the duty of loyalty to the Registrant or
its stockholders, (ii) acts or omissions not in good faith or that involve
intentional misconduct or a knowing violation of law, (iii) dividends or other
distributions of corporate assets that are in contravention of certain statutory
or contractual restrictions; (iv) violations of certain Minnesota securities
laws, or (v) any transaction from
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which the director derives an improper personal benefit. Liability under the
federal securities laws is not limited by the Amended and Restated Articles
of Incorporation.
The Minnesota Business Corporation Act requires that the Registrant
indemnify any director or officer made or threatened to be made a party to a
legal proceeding, by reason of the former or present official capacity of the
person, against judgments, penalties, fines, settlements and reasonable expenses
incurred in connection with the proceeding if certain statutory standards are
met. A "proceeding" means a threatened, pending or completed civil, criminal,
administrative, arbitration or investigative proceeding, including a derivative
action in the name of the Registrant. Reference is made to the detailed terms of
the Minnesota indemnification statute (Minn. Stat. Section 302A.521) for a
complete statement of such indemnification rights. The Registrant's Amended and
Restated Articles of Incorporation also require the Registrant to provide
indemnification of these persons to the fullest extent of the Minnesota
indemnification statute.
The Registrant has entered into an indemnification agreement with each
of its directors and executive officers to provide him or her with specific
contractual assurances that the indemnification protection provided by the
Minnesota Business Corporation Act and the Registrant's Amended and Restated
Articles of Incorporation will be available to such director or officer and to
provide for the indemnification of and the advancing of expenses to such
director or officer to the fullest extent permitted by law. The Registrant also
presently maintains insurance to protect itself and its directors and officers
against certain liabilities, costs, and expenses arising out of claims or suits
against such directors and officers resulting from their service in such
capacity.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
Item 8. EXHIBITS
Exhibit Number Exhibit
4 Instrument Defining Rights of Stockholders. Reference is
made to the Registrant's Registration Statement on Form 8-A,
together with all amendments thereto, which is incorporated
herein by reference pursuant to Item 3(b) of this
Registration Statement.
5 Opinion and consent of Messerli & Kramer P.A.
23 Consent of PricewaterhouseCoopers LLP, Independent
Accountants.
24 Power of Attorney. Reference is made to page 6 of this
Registration Statement.
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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 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 periodic 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 Registrant's 1999 Incentive Compensation Plan and Employee
Stock Purchase Plan.
B. The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the 1933 Act, each filing of the Registrant's
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.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as
amended, 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 Minneapolis, State of Minnesota on this 20th day
of December, 1999.
DATALINK CORPORATION
By: /s/ Greg R. Meland
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Greg R. Meland
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of Datalink Corporation, a
Minnesota corporation, do hereby constitute and appoint Greg R. Meland and
Daniel J. Kinsella, and either 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 Securities Act of 1933, 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.
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Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
<S> <C> <C>
President, Chief Executive Officer
/s/ Greg R. Meland and Director (Principal Executive Officer) December 20, 1999
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Greg R. Meland
Chief Financial Officer (Principal Financial
/s/ Daniel J. Kinsella and Accounting Officer) December 20, 1999
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Daniel J. Kinsella
/s/ Robert M. Price Director December 20, 1999
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Robert M. Price
/s/ James E. Ousley Director December 20, 1999
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James E. Ousley
/s/ Margaret A. Loftus Director December 20, 1999
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Margaret A. Loftus
/s/ Paul F. Lidsky Director December 20, 1999
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Paul F. Lidsky
</TABLE>
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EXHIBIT INDEX
Exhibit Number Exhibit
4 Instrument Defining Rights of Stockholders. Reference is
made to Registrant's Registration Statement on Form 8-A,
together with all amendments thereto, which is incorporated
herein by reference pursuant to Item 3(b) of this
Registration Statement.
5 Opinion and consent of Messerli & Kramer P.A.
23 Consent of PricewaterhouseCoopers LLP, Independent
Accountants.
24 Power of Attorney. Reference is made to page 6 of this
Registration Statement.
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EXHIBIT 5
[Letterhead of Messerli & Kramer P.A.]
December 20, 1999
Datalink Corporation
7423 Washington Avenue South
Minneapolis, Minnesota 55439
Re: Datalink Corporation. (the "Company")
S-8 Registration Statement
Ladies and Gentlemen:
We refer to your registration on Form S-8 (the "Registration
Statement") under the Securities Act of 1933, as amended, of (i) 1,350,000
shares of Common Stock available for issuance under the Company's 1999 Incentive
Compensation Plan and (ii) 250,000 shares of Common Stock available for issuance
under the Company's Employee Stock Purchase Plan. We advise you that, in our
opinion, when such shares have been issued and sold pursuant to the applicable
provisions of the Company's 1999 Incentive Compensation Plan and the Employee
Stock Purchase Plan and in accordance with the Registration Statement, such
shares will be validly issued, fully paid and nonassessable shares of Datalink
Corporation's Common Stock.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ MESSERLI & KRAMER P.A.
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EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of Datalink Corporation of our reports dated
March 4, 1999, except as to the information contained in Note 11 for which the
date is July 15, 1999 relating to the consolidated financial statements and
financial statements schedule of Datalink Corporation included in its
Registration Statement on Form S-1 (No. 333-55935) dated July 16, 1999 and our
report dated July 20, 1998, relating to the financial statements of Direct
Connect Systems, Inc., which also appear in such Registration Statement on Form
S-1.
/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
December 16, 1999
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