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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WATER PIK TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 25-1843384
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
660 NEWPORT CENTER DRIVE, SUITE 470
NEWPORT BEACH, CALIFORNIA 92660
(Address of principal executive offices) (Zip Code)
WATER PIK TECHNOLOGIES, INC.
EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
MICHAEL P. HOOPIS
PRESIDENT AND CHIEF EXECUTIVE OFFICER
WATER PIK TECHNOLOGIES, INC.
660 NEWPORT CENTER DRIVE, SUITE 470
NEWPORT BEACH, CALIFORNIA 92660
(Name and address of agent for service)
(949) 719-3700
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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TITLE OF PROPOSED PROPOSED AMOUNT OF
SECURITIES AMOUNT TO BE MAXIMUM MAXIMUM REGISTRATION
TO BE REGISTERED REGISTERED OFFERING PRICE AGGREGATE FEE
PER SHARE OFFERING PRICE
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Common Stock,
par value 500,000(1) $7.40(2) $3,700,000 $976.80
$.01 per share
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(1) This Registration Statement also registers additional securities to be
offered or issued upon adjustments or changes made to the registered securities
by reason of any stock splits, stock dividends or similar transactions as
permitted by Rule 416(a) and Rule 416(b) under the Securities Act of 1933, as
amended (the "Securities Act"). In addition, pursuant to Rule 416(c) under the
Securities Act, this Registration Statement covers an indeterminate number of
interests to be offered or sold pursuant to the Water Pik Technologies, Inc.
Employee Stock Purchase Plan.
(2) Based upon the issue price of the shares.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by the Registrant with the Securities and
Exchange Commission (the "Commission") pursuant to the Securities Act of
1933, as amended (the "Securities Act"), are incorporated by reference into
this Registration Statement: (i) the Registration Statement on Form 10, as
amended, filed with the Commission (File No. 001-15297) (the "Form 10"),
(ii) the Registrant's Current Report on Form 8-K dated as of November 29,
1999 and filed December 1, 1999, as amended on December 6, 1999, and (ii)
the description of the Registrant's Common Stock contained in the Form 10.
All documents subsequently filed by the Registrant with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), after the date of this
Registration Statement, but prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all securities
offered by this Registration Statement have been sold or which deregisters
all such securities then remaining unsold, shall be deemed to be
incorporated by reference into this Registration Statement. Each document
incorporated by reference into this Registration Statement shall be deemed
to be a part of this Registration Statement from the date of filing of such
document with the Commission until the information contained therein is
superseded or updated by any subsequently filed document which is
incorporated by reference into this Registration Statement or by any
document which constitutes part of the prospectus relating to the Water Pik
Technologies, Inc. Employee Stock Purchase Plan (the "Plan") meeting the
requirements of Section 10(a) of the Securities Act.
ITEM 4. DESCRIPTION OF SECURITIES.
The class of securities to be offered under this Registration Statement is
registered under Section 12 of the Exchange Act.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
None.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 102(b)(7) of the Delaware General Corporation Law (the "DGCL")
permits a Delaware corporation, in its certificate of incorporation, to
limit or eliminate, subject to certain statutory limitations, the liability
of a director to the corporation or its stockholders for monetary damages
for breach of fiduciary duty, except for liability (i) for any breach of the
director's duty of loyalty to the corporation or its stockholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv)
for any transaction from which the director derived an improper personal
benefit. Article SEVEN of the Registrant's Restated Certificate of
Incorporation provides that no director of the Registrant shall be
personally liable to the Registrant or its stockholders in accordance with
the foregoing provisions of Section 102(b)(7).
Under Section 145 of the DGCL, a Delaware corporation has the power to
indemnify directors and officers under certain prescribed circumstances and,
subject to certain limitations, against certain costs and expenses,
including attorneys' fees, actually and reasonably incurred in connection
with any action, suit or proceeding, whether civil, criminal, administrative
or investigative, to which any of them is a party by reason of being a
director or officer of the Registrant if it is determined that the director
or the officer acted in accordance with the applicable standard of conduct
set forth in such statutory provision. Article EIGHT of the Registrant's
Restated Certificate of Incorporation provides that any person who was or is
made a party or is threatened to be made a party to or is otherwise involved
in any action, suit or proceeding, whether civil, criminal, administrative
or investigative, by reason of the fact that such person is or was a
director or an officer of the Registrant or is or was serving at the request
of the Registrant as a director, officer, employee or agent of another
corporation or of a partnership, joint venture, trust or other enterprise,
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including service with respect to an employee benefit plan, whether the
basis of such proceeding is alleged action in an official capacity as a
director, officer, employee or agent or in any capacity while serving as a
director, officer, employee or agent, shall be indemnified and held harmless
by the Registrant to the fullest extent authorized by the DGCL.
The Registrant has purchased directors' and officers' liability insurance
covering certain liabilities which may be incurred by the officers and
directors of the Registrant in connection with the performance of their
duties.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
None.
ITEM 8. EXHIBITS.
The following exhibits are filed herewith or incorporated by reference as
part of this Registration Statement:
EXHIBIT NO. DESCRIPTION
4.1 Restated Certificate of Incorporation of the Registrant
(incorporated by reference to Exhibit 3.1 to the Registrant's
Registration Statement on Form 10/A-4 filed on November 12,
1999 (File No. 001-15297)).
4.2 Amended and Restated Bylaws of the Registrant (incorporated by
reference to Exhibit 3.2 to the Registrant's Registration
Statement on Form 10/A-4 filed on November 12, 1999 (File No.
001-15297)).
5.1 Opinion of Kirkpatrick & Lockhart LLP regarding the legality
of the shares being registered hereunder.
23.1 Consent of Ernst & Young LLP.
23.2 Consent of Kirkpatrick & Lockhart LLP (included in the
Opinion filed as Exhibit 5.1).
24.1 Power of Attorney (set forth on the signature page 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 of 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;
(ii) To reflect in the prospectus any facts or events
arising after the effective date of the 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 the 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;
Provided, however, that Paragraphs (a)(1)(i) and (a)(1)(ii) of this
section 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 this 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 Exchange 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.
* * *
(h) 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, 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 Newport Beach, the State of California, on this
29th day of November, 1999.
WATER PIK TECHNOLOGIES, INC.
By: /s/ Michael P. Hoopis
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Michael P. Hoopis
President and Chief Executive Officer
We, the undersigned directors and officers of Water Pik Technologies,
Inc., do hereby constitute and appoint Michael P. Hoopis and Victor C.
Streufert, or either of them, our true and lawful attorneys and agents, to
do any and all acts and things in our name and on our behalf in our
capacities as directors and officers and to execute any and all instruments
for us and in our names in the capacities indicated below, which said
attorneys and agents, or either of them, may deem necessary or advisable to
enable said corporation to comply with the Securities Act and any rules,
regulations and requirements of the Commission, in connection with this
Registration Statement, including specifically, but without limitation,
power and authority to sign for us or any of us in our names in the
capacities indicated below, any and all amendments (including post-effective
amendments) hereto and we do hereby ratify and confirm all that said
attorneys and agents, or either of them, shall do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement and the foregoing Power of Attorney have been signed by the
following persons in the capacities and on the date(s) indicated:
SIGNATURE CAPACITY DATE
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/s/ Michael P. Hoopis President and Chief November 29, 1999
------------------------- Executive Officer (Principal
Michael P. Hoopis Executive Officer) and
a Director
/s/ Victor C. Streufert Vice President-Finance and November 29, 1999
------------------------- Chief Financial Officer
Victor C. Streufert (Principal Financial
Officer and Principal
Accounting Officer)
/s/ William G. Ouchi Director November 29, 1999
-------------------------
William G. Ouchi
/s/ Robert P. Bozzone Director November 29, 1999
-------------------------
Robert P. Bozzone
/s/ W. Craig McClelland Director November 29, 1999
-------------------------
W. Craig McClelland
/s/ James E. Rohr Director November 29, 1999
------------------------
James E. Rohr
/s/ Charles J. Queenan, Jr. Director November 29, 1999
-------------------------
Charles J. Queenan, Jr.
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Pursuant to the requirements of the Securities Act of 1933, the
undersigned Plan Administrator of the Water Pik Technologies, Inc. Employee
Stock Purchase Pan has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Newport Beach, State of California, on November 29, 1999.
WATER PIK TECHNOLOGIES, INC.
EMPLOYEE STOCK PURCHASE PLAN
By: /s/ Victor C. Streufert
--------------------------
Victor C. Streufert
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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4.1 Restated Certificate of Incorporation of
the Registrant (incorporated by
reference to Exhibit 3.1 to the
Registrant's Registration Statement on
Form 10/A-4 filed on November 12, 1999
(File No. 001-15297)).
4.2 Amended and Restated Bylaws of the
Registrant (incorporated by reference to
Exhibit 3.2 to the Registrant's
Registration Statement on Form 10/A-4
filed on November 12, 1999 (File No.
001-15297)).
5.1 Opinion of Kirkpatrick & Lockhart LLP
regarding the legality of the shares
being registered hereunder.
23.1 Consent of Ernst & Young LLP.
23.2 Consent of Kirkpatrick & Lockhart LLP
(included in the Opinion filed as
Exhibit 5.1).
24.1 Power of Attorney (set forth on the
signature page of this Registration
Statement).
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Exhibit 5.1
February 7, 2000
Water Pik Technologies, Inc.
600 Newport Center Drive
Suite 470
Newport Beach, California 92660
Ladies and Gentlemen:
We are counsel to Water Pik Technologies, Inc., (the "Company") and we
have acted as counsel for the Company in connection with the preparation of the
Registration Statement on Form S-8 to be filed by the Company with the
Securities and Exchange Commission for the registration under the Securities Act
of 1933, as amended, of 500,000 shares of the Company's common stock, par value
$.01 per share (the "Shares"), which are to be issued from time to time to
certain employees of the Company and its affiliates in connection with the Water
Pik Technologies, Inc. Employee Stock Purchase Plan (the "Plan").
We have examined the originals, certified copies or copies otherwise
identified to our satisfaction as being true copies of the Plan and such other
documents as we have deemed necessary or appropriate for purposes of this
opinion.
Based on the foregoing, we are of the opinion that the Shares have been
duly and validly authorized and reserved for issuance, and that the Shares, when
issued under the terms of the Plan, will be legally and validly issued, fully
paid and nonassessable.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the
Registration Statement.
Very truly yours,
/s/ Kirkpatrick & Lockhart LLP
Exhibit 23.1
CONSENT OF ERNST & YOUNG, LLP INDEPENDENT AUDITORS
We hereby consent to the incorporation by reference in this Registration
Statement on Form S-8 pertaining to the Water Pik Technologies, Inc. Employee
Stock Purchase Plan of our report dated April 13, 1999, except for Note 12 as to
which the date is August 6, 1999, relating to the combined financial which
appear in the Registration Statements on Form 10, as amended (No. 001-15297), of
Water Pik Technologies, Inc. filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Woodland Hills, California
February 7, 2000
