<PAGE>
As filed with the Securities and Exchange Commission on May 30, 2000
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
NETRATINGS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
<TABLE>
<S> <C> <C>
DELAWARE 7389 77-0461990
(STATE OR OTHER JURISDICTION OF (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER)
</TABLE>
890 HILLVIEW COURT, SUITE 300
MILPITAS, CA 95035
(408) 957-0699
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
1998 STOCK PLAN
1999 EMPLOYEE STOCK PURCHASE PLAN
(FULL TITLE OF THE PLANS)
DAVID J. TOTH
PRESIDENT AND CHIEF EXECUTIVE OFFICER
NETRATINGS, INC.
890 HILLVIEW COURT, SUITE 300
MILPITAS, CA 95035
(408) 957-0699
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
COPIES TO:
PAUL A. BLUMENSTEIN, ESQ. JASON L. GRAY, ESQ.
GRAY CARY WARE & FREIDENRICH LLP NETRATINGS, INC.
400 HAMILTON AVENUE 890 HILLVIEW COURT, SUITE 300
PALO ALTO, CA 94301-1875 MILPITAS, CA 95035
(650) 833-2000 (408) 957-0699
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As
soon as practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, check the following box. /x/
CALCULATION OF REGISTRATION FEE
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<CAPTION>
==================================================================================================================
PROPOSED
MAXIMUM PROPOSED
AMOUNT OFFERING MAXIMUM
TITLE OF EACH CLASS OF TO BE PRICE AGGREGATE AMOUNT OF
SECURITIES TO BE REGISTERED REGISTERED PER SHARE OFFERING PRICE REGISTRATION FEE
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1998 Stock Plan
Common Stock, $0.001 par value
(currently outstanding options) (1) ...... 2,801,835 shares $ 7.62 $21,340,456.46 $ 5,633.88
------------------------------------------------------------------------------------------------------------------
1998 Stock Plan
Common Stock, $0.001 par value
(options available for future grant) (2).. 1,919,340 shares $17.375 $33,348,532.50 $ 8,804.01
------------------------------------------------------------------------------------------------------------------
TOTAL 1998 STOCK PLAN SHARES REGISTERED .. 4,721,175 SHARES $54,688,988.96 $14,437.89
------------------------------------------------------------------------------------------------------------------
1999 Employee Stock Purchase Plan
Common Stock, $0.001 par value (3)........ 250,000 shares $14.77 $ 3,692,187.50 $ 974.74
------------------------------------------------------------------------------------------------------------------
TOTAL REGISTRATION FEES $15,412.63
==================================================================================================================
</TABLE>
(1) The computation is based upon the weighted average exercise price per share
of $7.62 as to 2,801,835 outstanding but unexercised options to purchase
Common Stock under the 1998 Stock Plan (the "Currently Outstanding
Options").
(2) The Proposed Maximum Offering Price Per Share has been estimated in
accordance with Rule 457(h) under the Securities Act of 1933 as to the
remaining 1,919,340 shares of Common Stock authorized for issuance pursuant
to the 1998 Stock Plan, solely for the purpose of calculating the
registration fee. No options have been granted with respect to such shares.
The computation is based upon the average of the high and low price of the
Common Stock as reported on the Nasdaq National Market on May 26, 2000
because the price at which the options to be granted in the future may be
exercised is not currently determinable.
(3) The Proposed Maximum Offering Price Per Share has been estimated in
accordance with Rule 457(h) under the Securities Act of 1933 solely for the
purpose of calculating the registration fee. The computation is based upon
85% (see explanation in following sentence) of the average of the high and
low price of the Common Stock as reported on the Nasdaq National Market on
May 26, 2000 because the price at which the options to be granted in the
future may be exercised is not currently determinable. Pursuant to the
Employee Stock Purchase Plan, which plan is incorporated by reference
herein, the Purchase Price of a share of Common Stock shall mean an amount
equal to 85% of the Fair Market Value of a share of Common Stock on the
Enrollment Date or the Exercise Date, whichever is lower.
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INFORMATION INCORPORATED BY REFERENCE.
The following documents and information previously filed with the
Securities and Exchange Commission are hereby incorporated by reference:
(a) The Registrant's Annual Report on Form 10-K for the fiscal year
ended December 31, 1999 (File No. 000-27907)
(b) The Registrant's Current Report on Form 8-K filed with the
Commission on January 5, 2000.
(c) The description of the Registrant's Common Stock contained in the
Registrant's Registration Statement on Form 8-A filed on November
2, 1999 under the Securities Exchange Act of 1934 (the "Exchange
Act"), including any amendment or report filed for the purpose of
updating such description.
(d) All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the filing
of this Registration Statement and 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, shall be deemed to be incorporated by reference
in the Registration Statement and to be part hereof from the date
of filing of such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
The validity of the shares of Common Stock has been passed upon by
Gray Cary Ware & Freidenrich ("GCWF"). As of May 1, 2000, partners of GCWF and
other persons associated with GCWF owned an aggregate of 15,000 shares of Common
Stock of the Registrant.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Registrant has adopted provisions in its Certificate of
Incorporation that eliminate the personal liability of its directors and
officers for monetary damages arising from a breach of their fiduciary duties in
certain circumstances to the fullest extent permitted by law and authorizes the
Registrant to indemnify its directors and officers to the fullest extent
permitted by law. Such limitation of liability does not affect the availability
of equitable remedies such as injunctive relief or rescission.
The Registrant's Bylaws provide that the Registrant shall indemnify its
directors and officers to the fullest extent permitted by the General
Corporation Law of Delaware, including circumstances in which indemnification is
otherwise discretionary under Delaware law. Section 145 of the General
Corporation Law of Delaware provides for the indemnification of officers,
directors and other corporate agents in terms sufficiently broad to indemnify
such persons, under certain circumstances, for certain liabilities (including
reimbursement of expenses incurred) arising under the Securities Act of 1933
(the "Securities Act"). The
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<PAGE>
Registrant has entered into indemnification agreements to such effect with
its officers and directors containing provisions which are in some respects
broader than the specific indemnification provisions contained in the General
Corporation Law of Delaware. The indemnification agreements may require the
Company, among other things, to indemnify such officers and directors against
certain liabilities that may arise by reason of their status or service as
directors or officers (other than liabilities arising from willful misconduct of
a culpable nature) and to advance their expenses incurred as a result of any
proceeding against them as to which they could be indemnified.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The Exhibits listed on the accompanying Index to Exhibits are filed as
part hereof, or incorporated by reference into, this Registration Statement.
(See Index to Exhibits below).
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 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 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 an 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 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
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<PAGE>
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 Act and will be governed by the
final adjudication of such issue.
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 Milpitas, State of California on May 30, 2000.
NETRATINGS, INC.
By: /s/ JACK LAZAR
---------------------------------
Jack Lazar
Chief Financial Officer and Secretary
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints David J. Toth and Jack Lazar, jointly and
severally, his attorneys-in-fact, each with the power of substitution, for him
in any and all capacities, to sign any amendments to this Registration Statement
on Form S-8, and to file the same, with exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that each of said attorneys-in-fact, or his
substitute or substitutes, may do or cause to be done by virtue hereof.
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<PAGE>
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
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<CAPTION>
SIGNATURE TITLE DATE
--------- ----- ----
<S> <C> <C>
/s/ David J. Toth
---------------------- Director, President and and Chief May 30, 2000
David J. Toth Executive Officer
/s/ Jack Lazar Vice President, Chief Financial May 30, 2000
---------------------- Officer and Secretary (Principal
Jack Lazar Financial And Accounting Officer)
/s/ David A. Norman
---------------------- Director and Chairman of the May 30, 2000
David A. Norman Board
/s/ Michael P. Connors
---------------------- Director May 30, 2000
Michael P. Connors
/s/ John A. Dimling
---------------------- Director May 30, 2000
John A. Dimling
/s/ James J. Geddes, Jr.
---------------------- Director May 30, 2000
James J. Geddes, Jr.
/s/ David H. Harkness
---------------------- Director May 30, 2000
David H. Harkness
/s/ Gerald S. Hobbs
---------------------- Director May 30, 2000
Gerald S. Hobbs
/s/ Charles E. Leonard
---------------------- Director May 30, 2000
Charles E. Leonard
/s/ Thomas A. Mastrelli
---------------------- Director May 30, 2000
Thomas A. Mastrelli
/s/ Daniel O'Shea
---------------------- Director May 30, 2000
Daniel O'Shea
/s/ Jack T. Serfass
---------------------- Director May 30, 2000
Jack T. Serfass
</TABLE>
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<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER EXHIBIT DOCUMENT
-------------- ---------------------------------------------------------------
<S> <C>
3.1(1) Amended and Restated Certificate of Incorporation of Registrant
3.2(2) Bylaws of Registrant
4.1(3) 1998 Stock Plan
4.2(4) 1999 Employee Stock Purchase Plan
5.1 Opinion of Gray Cary Ware & Freidenrich LLP, as to the
legality of securities being registered (Counsel to the
Registrant)
23.1 Consent of Ernst & Young LLP (Independent Accountants)
23.2 Consent of Gray Cary Ware & Freidenrich LLP (contained in
Exhibit 5.1 hereto)
24.1 Power of Attorney (see page II-3)
</TABLE>
----------
(1) Incorporated by reference to Exhibit 3.3 to the Company's Registration
Statement on Form S-1 (File No. 333-87717), effective December 8, 1999 (the
"Registration Statement").
(2) Incorporated by reference to Exhibit 3.4 to the Registration Statement.
(3) Incorporated by reference to Exhibit 10.2 to the Registration Statement.
(4) Incorporated by reference to Exhibit 10.3 to the Registration Statement.
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