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As Filed with the Securities and Exchange Commission on September 22, 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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DIGITAL LAVA INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 95-4584080
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
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13160 MINDANAO WAY, SUITE 350
MARINA DEL REY, CALIFORNIA 90292
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES INCLUDING ZIP CODE)
1996 INCENTIVE AND NON-QUALIFIED STOCK OPTION PLAN
(FULL TITLE OF THE PLAN)
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DANNY GAMPE COPY TO:
CHIEF FINANCIAL OFFICER GREGORY M. PETTIGREW
DIGITAL LAVA INC. LATHAM & WATKINS
13160 MINDANAO WAY, SUITE 350 633 WEST FIFTH STREET
MARINA DEL REY, CALIFORNIA 90292 SUITE 4000
(310) 577-0200 LOS ANGELES, CALIFORNIA 90071
(213) 485-1234
(NAME AND ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE
NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE)
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<S><C>
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CALCULATION OF REGISTRATION FEE
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AMOUNT TO BE PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SECURITIES TO BE REGISTERED REGISTERED OFFERING PRICE PER AGGREGATE OFFERING AMOUNT OF
(1)(2) SHARE (3) PRICE (3) REGISTRATION FEE
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COMMON STOCK, .0001 PAR VALUE 1,000,000 $5.4375 $5,437,500 $1,435.50
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(1) The 1996 Incentive and Non-Qualified Stock Option Plan (the "Plan")
authorizes the issuance of a maximum of 2,000,000 shares. On March 17,
2000, 1,000,000 shares were registered pursuant to Form S-8 Registration
Statement No. 333-32726. Only the additional 1,000,000 shares authorized
for issuance under the Plan are being newly registered hereunder.
(2) Pursuant to Rule 416, this registration statement shall also cover a
presently indeterminate number additional shares of common stock that may
become issuable as a result of anti-dilution adjustments deemed necessary
or equitable by the registrant's board of directors upon stock splits,
stock dividends or other similar changes in capitalization.
(3) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h). The Proposed Maximum Aggregate Offering Price Per
Share is the average of the high and low prices of the common stock, as
reported on the American Stock Exchange on September 18, 2000.
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PROPOSED SALE TO TAKE PLACE AS SOON AFTER THE EFFECTIVE DATE OF THE REGISTRATION
STATEMENT AS OPTIONS GRANTED UNDER THE PLAN ARE EXERCISED.
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This registration statement covers 1,000,000 additional shares of our
common stock reserved for issuance under our 1996 Incentive and Non-Qualified
Stock Option Plan (the "Plan"). On March 17, 2000, we filed with the Commission
Form S-8 Registration Statement No. 333-32726 covering an aggregate of 1,000,000
shares issued or issuable under the Plan. The contents of that original
registration statement are incorporated by reference herein. On April 25, 2000
our board of directors approved, and on July 24, 2000 our stockholders approved,
an amendment to the Plan increasing the authorized number of shares covered by
the Plan to 2,000,000 shares.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
We hereby incorporate by reference the following documents in this
registration statement:
(a) Our Annual Report on Form 10-KSB for the year ended December 31, 1999,
filed on March 30, 2000.
(b) Our Quarterly Report on Form 10-QSB for the quarter ended March 31,
2000, filed on May 15, 2000.
(c) Our Quarterly Report on Form 10-QSB for the quarter ended June 30,
2000, filed on August 14, 2000.
(d) Our Proxy Statement for our 2000 Annual Meeting of Stockholders, filed
on April 28, 2000.
(e) Our additional proxy soliciting materials filed on May 31, 2000.
(f) Our Supplement to Proxy Statement for our 2000 Annual Meeting of
Stockholders, filed on June 15, 2000.
(g) Our Current Report on Form 8-K filed on May 31, 2000.
(h) Our Current Report on Form 8-K filed on July 31, 2000.
(g) The description of our common stock included in our Registration
Statement on Form 8-A, filed on February 11, 1999.
We also incorporate by reference all documents filed by us pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
after the date of this registration statement but 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, which documents
will become a part of this registration statement from the date of filing 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 8. EXHIBITS
See Index to Exhibits on page 5.
ITEM 9. UNDERTAKINGS
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which it offers or sells securities,
a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) To reflect in the prospectus any facts or events which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Securities and Exchange Commission (the "Commission") pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than 20%
change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement;
(iii) 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;
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Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3, Form S-8 or Form F-3, and 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 Commission by the
Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference 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 Sections 13(a) or 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 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 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 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, as amended,
Digital Lava 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 Marina del Rey, State of California, on
September 22, 2000.
DIGITAL LAVA INC.
By: /s/ ROBERT GREENE
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Robert Greene
Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below does hereby constitute and
appoint Robert Greene, and Danny Gampe, and each of them, with full power of
substitution and full power to act without the other, his true and lawful
attorney-in-fact and agent to act for him in his name, place and stead, in any
and all capacities, to sign any or 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 and about the premises
in order to effectuate the same as fully, to all intents and purposes, as they
or he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agents, or any of them, 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 indicated
on September 22, 2000.
SIGNATURE TITLE
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/s/ ROBERT GREENE Chief Executive Officer and Chairman of
--------------------------- the Board (PRINCIPAL EXECUTIVE OFFICER)
Robert Greene
/s/ JOSHUA SHARFMAN President and Chief Technology Officer
---------------------------
Joshua Sharfman
/s/ DANNY GAMPE Chief Financial Officer (PRINCIPAL
--------------------------- FINANCIAL AND ACCOUNTING OFFICER)
Danny Gampe
/s/ ROGER BERMAN Director
---------------------------
Roger Berman
/s/ JOHN CARRINGTON Director
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John Carrington
/s/ MICHAEL WHEELER Director
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Michael Wheeler
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INDEX TO EXHIBITS
EXHIBIT
4.1 First Amendment to Digital Lava Inc. 1996 Incentive and Non-Qualified
Stock Option Plan, dated as of April 25, 2000.
5.1 Opinion of Latham & Watkins.
23.1 Consent of Latham & Watkins (included in Exhibit 5.1).
23.2 Consent of PricewaterhouseCoopers, LLP.
24 Power of Attorney (included on the signature page to this Registration
Statement).
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