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As filed with the Securities and Exchange Commission on September 18, 2000.
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement Under The Securities Act of 1933
ACTIVEWORLDS.COM, INC.
(Exact name of registrant as specified in its charter)
Delaware 87-0564911
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
95 Parker Street
Newburyport, Massachusetts 01950
(617) 499-0222
(Address, including zip code, of principal executive offices)
ActiveWorlds.Com, Inc. Restated 1999 Long Term Incentive Plan
(Full title of the plan)
Mr. J.P. McCormick, Chief Financial Officer
Activeworlds.com, Inc.
95 Parker Street
Newburyport, MA 01950
(Name and address of agent for service)
(978) 499-0222
(Telephone number, including area code, of agent for service)
copies to:
John A. Kostrubanic, Esq.
Peabody & Arnold LLP
50 Rowes Wharf
Boston, MA 02110
CALCULATION OF REGISTRATION FEE
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Title Of Amount Proposed Proposed Maximum Amount Of
Securities To Be To Be Maximum Offering Aggregate Registration
Registered Registered Price Per Share (1) Offering Price Fee
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<S> <C> <C> <C> <C>
Restated 1999 Long Term 666,667 shares $1.156 (1) $770,667 $203
Incentive Plan Common Stock,
par value $0.001 per share
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(1) Estimated solely for the purpose of computing the registration fee,
pursuant to Rule 457(c) and (h), on the basis of the average high and
low sales prices of the Common Stock as reported on NASDAQ Small Cap
Market for September 18, 2000.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information.
We have prepared this registration statement in accordance with the
requirements of Form S-8 under the Securities Act to register shares of our
common stock, par value $.001 per share, issuable under our Restated 1999 Long
Term Incentive Plan (the "Plan") as follows:
1. 632,901 shares of our common stock (including additional shares that
may be reissued or offered as a result of stock splits, stock dividends
or similar transactions relating to these shares) which we have
reserved for issuance upon exercise of stock options previously granted
under the Plan.
2. 33,766 shares of our common stock (including additional shares that may
be reissued or offered as a result of stock splits, stock dividends or
similar transactions relating to these shares) which we have reserved
for issuance upon exercise of stock options which we may grant in the
future under the Plan.
The information required by Part I of Form S-8 with respect to the
foregoing shares is included in documents sent or given to participants in the
Plan pursuant to Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Registrant is subject to the informational and reporting
requirements of Sections 13(a), 14 and 15(d) of the Exchange Act of 1934, as
amended (the "Exchange Act"), and in accordance therewith files reports, proxy
statements and other information with the Securities and Exchange Commission.
The following documents, which are on file with the Securities and Exchange
Commission, are incorporated in this Registration Statement by reference:
(a) The Registrant's latest annual report filed pursuant to Section
13(a) or 15(d) of the Exchange Act or either (1) the latest prospectus filed
pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the
"Securities Act"), that contains audited financial statements for the
Registrant's latest fiscal year for which such statements have been filed or (2)
the Registrant's effective registration statement on Form 10 or 20-F filed under
the Exchange Act containing audited financial statements for the Registrant's
latest fiscal year.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of
the Exchange Act since the end of the fiscal year covered by the Registrant
document referred to in (a) above.
(c) The description of the Common Stock which is contained in a
registration statement filed under the Exchange Act, including any amendment or
report filed for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post- effective amendment which indicates that all shares offered hereby have
been sold or which deregisters all shares then remaining unsold, shall be deemed
to be incorporated in this Registration Statement by reference and to be a part
hereof from the date of filing of such documents.
Item 4. Description of Securities.
Not applicable.
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Item 5. Interests of Named Experts and Counsel.
The legality of the securities offered hereby will be passed upon
for the Registrant by Peabody & Arnold LLP, 50 Rowes Wharf, Boston,
Massachusetts 02110.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law and our Bylaws
(Exhibit 3.6) provide us with broad power to indemnify our directors and
officers.
Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, offices or 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 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.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The Exhibit Index immediately preceding the exhibits is
incorporated herein by reference.
Item 9. Undertakings
(a) The 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 Securities Act of 1933;
(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;
(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 the Registration
Statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do 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
Securities and Exchange Commission by the Registrant pursuant to section 13 or
section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each 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.
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(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 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 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 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 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 of 1933 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, 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 Newburyport, Commonwealth of Massachusetts, on this
18th day of September 2000.
ACTIVEWORLDS.COM, INC.
By: /s/ Richard F. Noll
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Richard F. Noll, President
POWER OF ATTORNEY AND SIGNATURES
The undersigned officers and directors of Storage Computer
Corporation hereby severally constitute and appoint Richard F. Noll our true and
lawful attorney-in-fact and agent with full power of substitution, to execute in
our name and behalf in the capacities indicated below any and all amendments to
this Registration Statement to be filed with the Securities and Exchange
Commission and hereby ratify and confirm all that such attorney-in-fact and
agent shall lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in their
capacities and on the dates indicated.
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Signature Title Date
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<S> <C> <C
/s/ Richard F. Noll President and chief executive September 18, 2000
------------------------------ officer and director (principal
Richard F. Noll executive officer)
/s/ J.P. McCormick Chief financial officer and September 18, 2000
------------------------------ director (principal financial and
J.P. McCormick accounting officer)
/s/ Alexander M. Adelson Director September 18, 2000
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Alexander M. Adelson
/s/ Sean Deson Director September 18, 2000
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Sean Deson
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INDEX TO EXHIBITS
Exhibit No. Exhibit
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*4.1 Certificate of Incorporation of the Registrant as filed with the
Delaware Secretary of State on September 5, 1995 (Incorporated by
reference to Exhibit 3.1 to the Registrant's Registration Statement
on Form SB-2, as amended, (File No. 333-85095) filed August 13,
1999).
*4.2 Certificate of Amendment to Certificate of Incorporation of the
Registrant as filed with the Delaware Secretary of State on
September 29, 1995 (Incorporated by reference to Exhibit 3.2 to the
Registrant's Registration Statement on Form SB-2, as amended, (File
No. 333-85095) filed August 13, 1999).
*4.3 Certificate of Amendment to Certificate of Incorporation of the
Registrant as filed with the Delaware Secretary of State on October
12, 1995 (Incorporated by reference to Exhibit 3.3 to the
Registrant's Registration Statement on Form SB-2, as amended, (File
No. 333-85095) filed August 13, 1999).
*4.4 Certificate for Renewal and Revival of Certificate of Incorporation
of the Registrant as filed with the Delaware Secretary of State on
September 10, 1997 (Incorporated by reference to Exhibit 3.4 to the
Registrant's Registration Statement on Form SB-2, as amended, (File
No. 333-85095) filed August 13, 1999).
*4.5 Certificate of Amendment to Certificate of Incorporation of the
Registrant as filed with the Delaware Secretary of State on January
21, 1999 (Incorporated by reference to Exhibit 3.5 to the
Registrant's Registration Statement on Form SB-2, as amended, (File
No. 333-85095) filed August 13, 1999).
*4.6 Restated Bylaws of the Registrant (Incorporated by reference to
Exhibit 3.6.1 to Amendment No. 2 to the Registrant's Registration
Statement on Form SB-2, as amended, (File No. 333-85095) filed
March 16, 2000).
**5.1 Opinion of Peabody & Arnold LLP regarding legality.
**23.1 Consent of Pannell Kerr Forster PC.
**23.2 Consent of Peabody & Arnold LLP (included in its opinion filed as
Exhibit 5.1).
**24.1 Power of Attorney (Included on the signature page of this
Registration Statement).
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* previously filed
** filed herewith
