<PAGE>
As filed with the Securities and Exchange Commission on October 20, 1999
Registration No. 333-
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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ZAPME! CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 91-1836242
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NUMBER)
INCORPORATION OR ORGANIZATION)
3000 EXECUTIVE PARKWAY, SUITE 150
SAN RAMON, CA 94583
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
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1997 EMPLOYEE STOCK OPTION PLAN
1998 STOCK PLAN
1999 EMPLOYEE STOCK PURCHASE PLAN
(FULL TITLE OF THE PLAN(S))
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RICK INATOME
PRESIDENT AND CHIEF EXECUTIVE OFFICER
ZAPME! CORPORATION
3000 EXECUTIVE PARKWAY, SUITE 150
SAN RAMON, CA 94583
(925) 543-0300
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF AGENT FOR SERVICE)
----------------------
COPY TO:
DON S. WILLIAMS, ESQ.
WILSON SONSINI GOODRICH & ROSATI
PROFESSIONAL CORPORATION
650 PAGE MILL ROAD
PALO ALTO, CA 94304
(650) 493-9300
----------------------
<PAGE>
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- --------------------------------------------------- ------------------- -------------------- -------------------- ----------------
PROPOSED PROPOSED
MAXIMUM MAXIMUM
TITLE OF SECURITIES AMOUNT OFFERING AGGREGATE AMOUNT OF
TO TO BE PRICE OFFERING REGISTRATION
BE REGISTERED REGISTERED (1) PER SHARE PRICE FEE
- --------------------------------------------------- ------------------- -------------------- -------------------- ----------------
<S> <C> <C> <C> <C>
Common Stock, $0.01 par value
- 1997 Employee Stock Option Plan............. 128,410 $ 0.06 (2) $ 7,556.85 $ 2.10
- 1998 Stock Plan............................. 2,725,041 $ 2.81 (3) $ 7,666,117.50 $ 2,131.18
- 1998 Stock Plan ............................ 1,407,897 $ 15.00 (4) $ 21,118,455.00 $ 5,870.93
- 1999 Employee Stock Purchase Plan .......... 500,000 $ 12.75 (5) $ 6,375,000.00 $ 1,772.25
TOTAL: 4,761,348 $ 35,167,129.35 $ 9,776.46
- --------------------------------------------------- ------------------- -------------------- -------------------- ----------------
</TABLE>
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(1) This Registration Statement shall also cover any additional shares of
Common Stock which become issuable under any of the Plans being registered
pursuant to this Registration Statement by reason of any stock dividend,
stock split, recapitalization or any other similar transaction effected
without the receipt of consideration which results in an increase in the
number of the Registrant's outstanding shares of Common Stock.
(2) Estimated in accordance with Rule 457(h) solely for the purpose of
calculating the registration fee. The price of $0.06 per share represents
the weighted average exercise price for outstanding options to purchase a
total of 129,410 shares of Common Stock.
(3) Estimated in accordance with Rule 457(h) solely for the purpose of
calculating the registration fee. The price of $3.30 per share represents
the weighted average exercise price for outstanding options to purchase a
total of 2,955,074 shares of Common Stock.
(4) Estimated in accordance with Rule 457(h) solely for purposes of
calculating the registration fee on the basis of $15.00, the Price of
Public set forth on the cover page of the Company's Prospectus dated
October 20, 1999 relating to its initial public offering (the "MARKET
PRICE").
(5) Estimated in accordance with Rule 457(h) solely for purposes of
calculating the registration fee on the basis of $12.75 (85% of the
Market Price, which is the percentage of the trading purchase price
applicable to purchases under the referenced Plan).
<PAGE>
ZAPME! CORPORATION
REGISTRATION STATEMENT ON FORM S-8
PART I
INFORMATION REQUIRED IN THE PROSPECTUS
ITEM 1. PLAN INFORMATION.
Omitted pursuant to the instructions and provisions of Form S-8.
ITEM 2. REGISTRATION INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.
Omitted pursuant to the instructions and provisions of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents and information heretofore filed with the
Securities and Exchange Commission (the "COMMISSION") by ZapMe! Corporation (the
"REGISTRANT") are hereby incorporated herein by reference:
(a) The Registrant's Prospectus filed on October 20, 1999 pursuant
to Rule 424(b) of the Securities Act, which contains audited
financial statements for the Registrant's latest fiscal year
for which such statements have been filed.
(b) Not applicable.
(c) The description of the Registrant's Common Stock contained in
the Registrant's Registration Statement on Form 8-A dated
August 12, 1999, filed pursuant to Section 12(g) of the 1934
Act.
In addition, all documents subsequently filed with the Commission by
the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act on or after the date of this Registration Statement and prior to the filing
of a post-effective amendment which indicates that all securities offered
hereunder have been sold or which deregisters all securities then remaining
unsold under this Registration Statement, shall be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from the date of
filing of such documents. Any statement contained herein or 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 earlier statement. Any 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.
<PAGE>
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Certain members of Wilson Sonsini Goodrich & Rosati and an investment
partnership with which they are affiliated beneficially own an aggregate of
20,400 shares of Common Stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the General Corporation Law of Delaware (the "DGCL")
provides that a Delaware 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 such corporation) by
reason of the fact that any such person is or was a director, officer, employee
or agent of such corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of such 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. The indemnity may include expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with such action, suit or proceeding,
provided that such officer or director acted in good faith and in a manner such
person 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 or her conduct was unlawful. A Delaware
corporation may indemnify officers and directors against expenses (including
attorneys' fees) in connection with the defense or settlement of an action by or
in the right of the corporation under the same conditions, except that no
indemnification is permitted without judicial approval if the officer or
director is adjudged to be liable to the corporation. Where an officer or
director is successful on the merits or otherwise in the defense of any action
referred to above, the corporation must indemnify him or her against the
expenses (including attorneys' fees) which such officer or director actually and
reasonably incurred. The foregoing description is qualified in its entirety by
reference to the more detailed provisions of Section 145 of the DGCL.
Section 102 of the DGCL allows a Delaware corporation to eliminate or
limit the personal liability of a director to the corporation or to any of its
stockholders for monetary damage for a breach of fiduciary duty as a director,
except in the case where the director (i) breaches such person's duty of loyalty
to the corporation or its stockholders, (ii) fails to act in good faith, engages
in intentional misconduct or knowingly violates a law, (iii) authorizes the
payment of a dividend or approves a stock purchase or redemption in violation of
Section 174 of the DGCL or (iv) obtains an improper personal benefit.
In accordance with the DGCL, the Registrant's Certificate of
Incorporation contains a provision to limit the personal liability of its
directors for monetary damages for breach of their fiduciary duty to the fullest
extent permitted by the DGCL now, or as it may hereafter be amended.
In addition, as permitted by the DGCL, the Registrant's Bylaws provide
that (i) the Registrant is required to indemnify its directors and officers and
persons serving in such capacities in other business enterprises at the
Registrant's request, to the fullest extent permitted by Delaware law; (ii) the
Registrant may indemnify its employees and agents to the maximum extent
permitted by Delaware law; (iii) the Registrant is required to advance expenses
incurred by its directors and officers in connection with defending a proceeding
(except that a director or officer must undertake to repay any advances if it
should ultimately be determined that the director or officer is not entitled to
indemnification); (iv) the rights conferred in the Bylaws are not exclusive; and
(v) the Registrant may not retroactively amend the Bylaw provisions in a way
that adversely affects any director or officer.
The Registrant maintains insurance covering its directors and officers
against certain liabilities incurred by them in their capacities as such,
including among other things, certain liabilities under the Securities Act.
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ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
EXHIBIT
NUMBER DESCRIPTION
- -------------------- ----------------------------------------------------
4.1 Specimen of Common Stock Certificate (incorporated by
reference to the exhibit filed with the Registrant's
Registration Statement on Form S-1 filed on August 5,
1999, as amended).
4.2 1997 Employee Stock Option Plan (incorporated by
reference to the exhibit filed with the Registrant's
Registration Statement on Form S-1 filed on August 5,
1999, as amended).
4.3 1998 Stock Plan, as amended (incorporated by
reference to the exhibit filed with the Registrant's
Registration Statement on Form S-1 filed on August 5,
1999, as amended).
4.4 1999 Employee Stock Purchase Plan (incorporated by
reference to the exhibit filed with the Registrant's
Registration Statement on Form S-1 filed on August 5,
1999, as amended).
5.1 Opinion of Counsel as to legality of securities being
registered.
23.1 Consent of Counsel (contained in Exhibit 5.1).
23.2 Consent of Ernst & Young LLP, Independent Auditors.
24.1 Power of Attorney (see Page 5 of this Registration
Statement).
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 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 Section 13(a) or Section 15(d) of the
1934 Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to section 15(d) of the of the 1934 Act) 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 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 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 hereunder, the registrant will,
unless in the opinion of its counsel the matter has
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<PAGE>
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.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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<PAGE>
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 San Ramon, State of
California, on this 19th day of October 1999.
ZAPME! CORPORATION
By: /S/ Rick Inatome
-----------------------------------
Rick Inatome
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Rick Inatome and Robert A.
Stoffregen, and each of them, his true and lawful agent, proxy and
attorney-in-fact, with full power of substitution and resubstitution, for him
and in his name, place and stead, in any and all capacities, to (i) act on, sign
and file with the Securities and Exchange Commission any and all amendments
(including post-effective amendments) to this Registration Statement on Form S-8
together with all schedules and exhibits thereto (ii) act on, sign and file such
certificates, instruments, agreements and other documents as may be necessary or
appropriate in connection therewith, and (iii) take any and all actions that may
be necessary or appropriate to be done, as fully for all intents and purposes as
he might or could do in person, hereby approving, ratifying and confirming all
that such agent, proxy and attorney-in-fact or any of his substitutes may
lawfully do or cause to be done by virtue thereof.
<TABLE>
<CAPTION>
SIGNATURES TITLE DATE
---------- ----- ----
<S> <C> <C>
/S/ RICK INATOME
- -------------------------------------------- President, Chief Executive Officer and Director October 19, 1999
Rick Inatome (PRINCIPAL EXECUTIVE OFFICER)
/S/ ROBERT A. STOFFREGEN
- -------------------------------------------- Chief Financial Officer October 19, 1999
Robert A. Stoffregen (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)
/S/ LANCE MORTENSEN
- -------------------------------------------- Chairman of the Board October 19, 1999
Lance Mortensen
/S/ MICHAEL ARNOUSE
- -------------------------------------------- Director October 19, 1999
Michael Arnouse
/S/ DOUGLAS BECKER
- -------------------------------------------- Director October 19, 1999
Douglas Becker
/S/ DARRYL DEATON
- -------------------------------------------- Director October 19, 1999
Darryl Deaton
/S/ TOM HITCHNER
- -------------------------------------------- Director October 19, 1999
Tom Hitchner
/S/ JACK KEMP
- -------------------------------------------- Director October 19, 1999
Jack Kemp
</TABLE>
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<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
- -------------------- --------------------------------------------------
5.1 Opinion of Counsel as to legality of securities
being offered
23.2 Consent of Ernst & Young LLP, Independent Auditors
<PAGE>
EXHIBIT 5.1
October 19, 1999
ZapMe! Corporation
3000 Executive Parkway
San Ramon, CA 94583
RE: REGISTRATION STATEMENT ON FORM S-8
Ladies and Gentlemen:
We have examined the Registration Statement on Form S-8 (the
"REGISTRATION STATEMENT") to be filed by you with the Securities and Exchange
Commission on or about October 20, 1999, in connection with the registration
under the Securities Act of 1933, as amended, of an aggregate of 4,761,348
shares of your Common Stock, $0.01 par value (the "SHARES"), as follows: (a)
129,410 shares issued and outstanding under the 1997 Employee Stock Option
Plan; (b) 2,725,041 shares issued and outstanding, and an additional
1,407,897 shares reserved for issuance under the 1998 Stock Plan; and (c)
500,000 shares reserved for issuance under, the 1999 Employee Stock Purchase
Plan (collectively, the "PLANS"). As your legal counsel, we have reviewed the
actions taken by you in connection with the proposed sale and issuance of the
Shares by you under the Plans. We assume that the consideration received by
you in connection with each issuance of Shares will include an amount in the
form of cash or property that exceeds the greater of (i) the aggregate par
value of such Shares or (ii) the portion of such consideration determined by
the Company's Board of Directors to be "capital" for purposes of the General
Corporation Law of the State of Delaware.
It is our opinion that, upon completion of the proceedings being taken,
or contemplated by us, as your counsel, to be taken prior to the issuance of the
Shares pursuant to the Registration Statement and the Plans, including the
proceedings being taken in order to permit such transaction to be carried out in
accordance with applicable state securities laws, the Shares, when issued and
sold in the manner described in the Registration Statement and in accordance
with the resolutions adopted by the Board of Directors, will be legally and
validly issued, fully paid and nonassessable.
We consent to the use of this opinion as an exhibit to the Registration
Statement, and further consent to the use of our name wherever appearing in the
Registration Statement and any amendments thereto.
Very truly yours,
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
/s/ Wilson Sonsini Goodrich & Rosati, P.C.
<PAGE>
EXHIBIT 23.2
CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration
Statement (Form S-8) relating to the 1997 Employee Stock Option Plan, 1998
Stock Plan and 1999 Employee Stock Purchase Plan of ZapMe! Corporation of our
report dated April 2, 1999 (except as to Note 8, for which the date is
October 19, 1999) with respect to the financial statements of ZapMe!
Corporation as of December 31, 1997 and 1998, and for the period June 25,
1997 (inception) through December 31, 1997 and for the year ended December
31, 1998, included in the Registration Statement (Form S-1, No. 333-84557),
as amended, and the related Prospectus of ZapMe! Corporation, filed with the
Securities and Exchange Commission.
/s/ ERNST & YOUNG LLP
Walnut Creek, California
October 19, 1999
