<PAGE>
As filed with the Securities and Exchange Commission on September 29, 2000
Registration No. 333-
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
--------------------
DIGITAL RIVER, INC.
(Exact name of registrant as specified in its charter)
--------------------
DELAWARE 41-1901640
(State of Incorporation) (I.R.S. Employer Identification No.)
9625 WEST 76TH STREET, SUITE 150
EDEN PRAIRIE, MINNESOTA 55344
(952) 253-1234
(Address of principal executive offices)
1999 NON-OFFICER STOCK OPTION PLAN
(Full title of the plan)
JOEL A. RONNING
CHIEF EXECUTIVE OFFICER
9625 WEST 76TH STREET, SUITE 150
EDEN PRAIRIE, MINNESOTA 55344
(952) 253-1234
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
--------------------
Copies to:
MICHAEL J. SULLIVAN, ESQ.
VIRGINIA C. EDWARDS, ESQ.
COOLEY GODWARD LLP
ONE MARITIME PLAZA, 20TH FLOOR
SAN FRANCISCO, CA 94111
(415) 693-2000
--------------------
================================================================================
<PAGE>
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
------------------------- ------------------------ ---------------------- ---------------------- ---------------------
PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SECURITIES OFFERING AGGREGATE AMOUNT OF
TO BE REGISTERED AMOUNT TO BE REGISTERED PRICE PER SHARE (1) OFFERING PRICE (1) REGISTRATION FEE
------------------------- ------------------------ ---------------------- ---------------------- ---------------------
<S> <C> <C> <C> <C>
Stock Options and
Common Stock (par value
$.01) 1,700,000 shares $5.5625 - $6.375 $10,079,307.50 $2,660.94
------------------------- ------------------------ ---------------------- ---------------------- ---------------------
</TABLE>
===============================================================================
(1) Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457(c) and (h)(1) under the
Securities Act of 1933, as amended (the "Act"). The offering price per
share and the aggregate offering price are based upon (a) the weighted
average exercise price for shares subject to outstanding options
granted under the 1999 Non-Officer Stock Option Plan, as amended (the
"Plan") in accordance with Rule 457 (h) under the Act and (b) the
average of the high and low prices of the Registrant's Common Stock as
reported on the Nasdaq National Market on September 28, 2000, in
accordance with Rule 457 (c) under the Act, for shares issuable
pursuant to the Plan, in accordance with Rule 457(c) of the Act. The
following chart illustrates the calculation of the registration fee:
===============================================================================
Details relating to the calculations of the registration fee:
<TABLE>
<CAPTION>
-------------------------------------------------- --------------------- ---------------------- --------------------
NUMBER OF OFFERING PRICE PER AGGREGATE OFFERING
TYPE OF SHARES SHARES SHARE PRICE
-------------------------------------------------- --------------------- ---------------------- --------------------
<S> <C> <C> <C>
Shares issuable pursuant to outstanding options 766,840 $6.375 (1)(a) $4,888,605.00
under the 1999 Non-Officer Stock Option Plan
-------------------------------------------------- --------------------- ---------------------- --------------------
Shares issuable pursuant to unissued stock 933,160 $5.5625 (1)(b) $5,190,702.50
options under the 1999 Non-Officer Stock Option
Plan
-------------------------------------------------- --------------------- ---------------------- --------------------
Proposed Maximum Aggregate Offering Price $10,079,307.50
-------------------------------------------------- --------------------- ---------------------- --------------------
Registration Fee
$2,660.94
-------------------------------------------------- --------------------- ---------------------- --------------------
</TABLE>
Page 2 of 8
<PAGE>
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENT ON FORM S-8 NO. 333-36680
The contents of Registration Statement on Form S-8 No. 333-36680 filed
with the Securities and Exchange Commission on May 10, 2000 are incorporated by
reference herein with such modifications as are set forth below.
EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER
<S> <C>
5.1 Opinion of Cooley Godward LLP
23.1 Consent of Arthur Andersen LLP, Independent Public Accountants
23.2 Consent of Cooley Godward LLP is contained in Exhibit 5.1 to this
Registration Statement 24 Power of Attorney is contained on the signature pages
99.1* 1999 Non-Officer Stock Option Plan
99.2* Form of Stock Option Agreement and Grant Notice used in connection with the 1999 Non-Officer
Stock Option Plan
</TABLE>
* Incorporated by reference to the contents of Registration Statement on
Form S-8 No. 333-36680 filed with the Securities and Exchange
Commission on May 10, 2000.
Page 3 of 8
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Eden Prairie, State of Minnesota, on September 22,
2000.
DIGITAL RIVER, INC.
By /s/ JOEL A. RONNING
-------------------------------
Joel A. Ronning
Title: Chief Executive Officer and Director
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Joel A. Ronning and Robert E. Strawman
and each or any one of them, his true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him and in his 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 other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or any of them, or their or his substitutes or substitute, may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
<S> <C> <C>
/s/ JOEL A. RONNING Chief Executive Officer and Director September 22, 2000
-------------------------------------------- (Principal Executive Officer)
Joel A. Ronning
/s/ ROBERT E. STRAWMAN Chief Financial Officer and Treasurer September 22, 2000
-------------------------------------------- (Principal Financial Officer and
Robert E. Strawman Accounting Officer)
Page 4 of 8
<PAGE>
/s/ TIMOTHY C. CHOATE Director September 21, 2000
--------------------------------------------
Timothy C. Choate
/s/ WILLIAM LANSING Director September 21, 2000
--------------------------------------------
William Lansing
Director September __, 2000
--------------------------------------------
Thomas F. Madison
Director September __, 2000
--------------------------------------------
Frederick M. Seegal
/s/ CHRISTOPHER J. SHARPLES Director September 27, 2000
--------------------------------------------
Christopher J. Sharples
/s/ PERRY W. STEINER Director September 22, 2000
--------------------------------------------
Perry W. Steiner
/s/ J. PAUL THORIN Director September 22, 2000
--------------------------------------------
J. Paul Thorin
</TABLE>
Page 5 of 8
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT SEQUENTIAL PAGE
NUMBER DESCRIPTION NUMBERS
<S> <C> <C>
5.1 Opinion of Cooley Godward LLP 7
23.1 Consent of Arthur Andersen LLP 8
23.2 Consent of Cooley Godward LLP is contained in Exhibit 5.1 to this 7
Registration Statement
24 Power of Attorney is contained on the signature pages 4
99.1* 1999 Non-Officer Stock Option Plan
99.2* Form of Stock Option Agreement and Grant Notice used in connection with
the 1999 Non-Officer Stock Option Plan
</TABLE>
* Incorporated by reference to the contents of Registration Statement on
Form S-8 No. 333-36680 filed with the Securities and Exchange Commission
on May 10, 2000.
Page 6 of 8
