<PAGE>
As filed with the Securities and Exchange Commission on October 20, 2000
Registration No. 333-______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM S-8
Registration Statement
Under The Securities Act Of 1933
_______________
b2bstores.com, Inc.
(Exact name of registrant as specified in its charter)
Delaware 113500746
(State or other jurisdiction of (I.R.S. employer identification
incorporation or organization) number)
249 E. Ocean Blvd, Suite 620
Long Beach, California 90802
(Address, including zip code, of principal executive offices)
_______________
1999 Performance Equity Plan
Stock Option Agreement between b2bstores.com, Inc. and WooJin Kim
Stock Option Agreement between b2bstores.com, Inc. and Shannon Jessup
Stock Option Agreement between b2bstores.com, Inc. and Brian Wharton
Stock Option Agreement between b2bstores.com, Inc. and Jeffrey Crandell
Stock Option Agreement between b2bstores.com, Inc. and Mark Voorhis
(Full titles of the Plans)
_______________
Mark Voorhis
249 E. Ocean Blvd, Suite 620
Long Beach, California 90802
(562) 491-7180
(Name, address and telephone number, including area code, of agent for service)
with a copy to:
Alan Schoenbaum, ESQ.
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
300 Convent Street
San Antonio, Texas 78205
Telephone: (210) 281-7000
_______________
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
==============================================================================================================================
Proposed Proposed
Maximum Maximum
Title of Amount Offering Aggregate Amount of
Securities to be Price Per Offering Registration
to be Registered Registered Share Price Fee
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, par value $0.01 1,285,882 shares (1) $ 8.39 (3) $10,750,023 (3) $2,838.01
------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value $0.01 714,118 shares (2) $1.407 (4) $ 1,004,764 (4) $ 265.26
------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value $0.01 1,000,000 shares (5) $ 6.40 (3) $ 6,400,000 (3) $1,689.60
==============================================================================================================================
Total 3,000,000 shares $4,792.87
==============================================================================================================================
</TABLE>
(1) Issuable upon exercise of stock options previously granted under the 1999
Performance Equity Plan.
(2) Issuable upon exercise of stock options available to be granted under the
1999 Performance Equity Plan.
(3) For the purpose of calculating the registration fee pursuant to Rule
457(h), the offering price and registration fee are computed on the basis
of the weighted average exercise price with respect to currently
outstanding options.
(4) Pursuant to Rule 457(c), the offering price and registration fee are
computed on the basis of the average of the high and low prices of the
Common Stock, as reported by The Nasdaq Small Cap Market on October 13,
2000.
(5) Issuable upon exercise of stock options previously granted under the Stock
Option Agreements between b2bstores.com, Inc. and WooJin Kim, Shannon
Jessup, Brian Wharton, Jeffrey Crandell and Mark Voorhis.
In accordance with the provisions of Rule 462 promulgated under the Securities
Act, this registration statement will become effective upon filing with the
Securities and Exchange Commission.
<PAGE>
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information. *
* Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from this registration statement in accordance
with Rule 428 under the Securities Act and the Note to Part I of Form
S-8.
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated by reference in this
Registration Statement:
1. The Company's latest prospectus filed pursuant to Rule 424(b) under the
Securities Act of 1933, as amended, filed February 16, 2000;
2. The Company's Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2000;
3. The Company's Quarterly Report on Form 10-QSB for the quarter ended June
30, 2000; and
4. The description of the Company's Common Stock contained in the
Registration Statement on Form 8-A of the Company, filed December 14,
1999, including any amendments and reports 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 Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment to this Registration Statement
that indicates that all Common Stock to which this Registration Statement
relates has been sold or that deregisters all Common Stock to which this
Registration Statement relates then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof
from the date of filing such reports and documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
1
<PAGE>
Section 145 of the General Corporation Law of the State of Delaware
empowers a Delaware corporation to 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 the corporation) by
reason of the fact that such person is or was a director, officer, employee, or
agent of the 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, against 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 if such person 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 that such person's conduct was unlawful. The
termination of any action, suit, or proceeding by judgment, order, settlement,
conviction, or upon plea of nolo contendere or its equivalent, does not, of
itself, create a presumption that such person did not act in good faith and in a
manner that 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 reasonable cause to believe that such person's conduct was
unlawful.
In the case of an action by or in the right of the corporation, Section 145
empowers a corporation to indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending, or completed action in
any of the capacities set forth above against expenses (including attorneys'
fees) actually and reasonably incurred by such person in connection with the
defense or settlement of such action or suit if such person acted in good faith
and in a manner that such person reasonably believed to be in and not opposed to
the best interests of the corporation, except that indemnification is not
permitted in respect of any claim, issue, or matter as to which such person is
adjudged to be liable to the corporation unless and only to the extent that the
Court of Chancery or the court in which such action or suit was brought
determines upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses that the Court of Chancery or such other
court deems proper.
Section 145 further provides:
. that a Delaware corporation is required to indemnify a director, officer,
employee, or agent against expenses (including attorneys' fees) actually and
reasonably incurred by such person in connection with any action, suit, or
proceeding or in defense of any claim, issue, or matter therein as to which
such person has been successful on the merits or otherwise;
. that indemnification provided for by Section 145 shall not be deemed
exclusive of any other rights to which the indemnified party may be entitled;
. that indemnification provided for by Section 145 shall, unless otherwise
provided when authorized or ratified, continue as to a person who has ceased
to be a director, officer, employee, or agent and shall inure to the benefit
of such person's heirs, executors, and administrators; and
. that a Delaware corporation may purchase and maintain insurance on behalf of
its directors or officers against any such liability asserted against them as
directors or officers or arising out of
2
<PAGE>
their status as directors or officers whether or not the corporation would
have the power to indemnify them against liability under Section 145.
A Delaware corporation may provide indemnification only as authorized in
the specific case upon a determination that indemnification of the director,
officer, employee or agent is proper in the circumstances because he has met the
applicable standard of conduct. Such determination is to be made (i) by the
board of directors by a majority vote of a quorum consisting of directors who
were not party to such action, suit, or proceeding, or (ii) if such a quorum is
not obtainable, or, even if obtainable, a quorum of disinterested directors so
directs, by independent legal counsel in a written opinion, or (iii) by the
stockholders.
The Seventh Article of our Certificate of Incorporation and Section 7.4(c)
of our Bylaws provide for indemnification of our directors and officers to the
fullest extent permitted by law, as now in effect or later amended.
We may provide liability insurance for each of our directors and officers
for certain losses arising from claims or charges made against them while acting
in their capacities as directors or officers. We currently maintain such
liability insurance.
The Sixth Article of our Certificate of Incorporation eliminates the
personal liability of our directors for monetary damages for breach of fiduciary
duty as a director, except for liability (i) for any breach of the directors'
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 the law, (iii) under Section 174 of the General Corporation Law of
the State of Delaware, or (iv) for any transaction from which the directors
derived an improper personal benefit.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No. Description of Exhibit
----------- ----------------------
5 Opinion of Akin, Gump, Strauss, Hauer & Feld, L.L.P. (a)
23.1 Consent of BDO Seidman L.L.P. (a)
23.2 Consent of Akin, Gump, Strauss, Hauer & Feld, L.L.P. (included in
opinion filed as Exhibit 5.1).
24 Power of Attorney (included on signature page of this Registration
Statement)
--------------------------------------------------------------------------------
(a) Filed herewith.
Item 9. Undertakings.
a) The undersigned Registrant hereby undertakes:
3
<PAGE>
(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 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. 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
Commission pursuant to Rule 424(b) if, in the aggregate,
the changes in volume and price represent no more than a 20
percent 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;
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 by the Registrant pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Registration Statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, 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
4
<PAGE>
statement relating to the securities offered herein, 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.
5
<PAGE>
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 San Antonio, State of Texas, on May 31, 2000.
B2BSTORES.COM, INC.
By: /s/ MARK VOORHIS
-------------------------------------------
Mark Voorhis, Chief Executive Officer and Chief
Financial Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned directors and
officers of b2bstores.com, Inc., hereby constitute and appoint Mark Voorhis and
Richard Kandel, and each of them, his true and lawful attorneys-in-fact and
agents with full power of substitution and resubstitution, for him and his name
place and stead, in any and all capacities, to execute any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same with all exhibits thereto, and all 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, as fully and to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said attorneys-in-
fact and agents or any of them, or their or his substitute or substitutes may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated below.
Name Title Date
---- ----- ----
/s/ MARK VOORHIS
---------------------------
Mark Voorhis Chief Executive Officer and Oct. 16, 2000
Chief Financial Officer
/s/ RICHARD KANDEL
---------------------------
Richard Kandel Chairman of the Board of Oct. 16, 2000
Directors
/s/ JAY RAUBVOGEL
---------------------------
Jay Raubvogel Director Oct. 16, 2000
/s/ DAVID WALKE
---------------------------
David Walke Director Oct. 16, 2000
/s/ RANDALL K. DAVIS
---------------------------
Randall K. Davis Director Oct. 16, 2000
6
<PAGE>
EXHIBITS
INDEX TO EXHIBITS
-----------------
Exhibit No. Exhibit
----------- -------
5 Opinion of Akin, Gump, Strauss, Hauer & Feld, L.L.P. (a)
23.1 Consent of BDO Seidman L.L.P. (a)
23.2 Consent of Akin, Gump, Strauss, Hauer & Feld, L.L.P. (included in
opinion filed as Exhibit 5).
25 Power of Attorney (included on signature page of this Registration
Statement)
-------------------------------------------------------------------------
(a) Filed herewith.
7
