<PAGE>
As filed with the Securities and Exchange Commission on August 9, 2000.
Registration No. 333-32206
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
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SONUS NETWORKS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
04-3387074
(I.R.S. EMPLOYER IDENTIFICATION NO.)
5 CARLISLE ROAD, WESTFORD, MASSACHUSETTS 01886
(Address of Principal Executive Offices) (Zip Code)
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AMENDED AND RESTATED 1997 STOCK INCENTIVE PLAN
2000 EMPLOYEE STOCK PURCHASE PLAN
(FULL TITLE OF THE PLAN)
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HASSAN M. AHMED
President
and Chief Executive Officer
Sonus Networks, Inc.
5 Carlisle Road
Westford, MA 01886
(NAME AND ADDRESS OF AGENT FOR SERVICE)
(978) 692-8999
TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE
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Copy to:
DAVID L. ENGEL, ESQ.
JOHAN V. BRIGHAM, ESQ.
BINGHAM DANA LLP
150 Federal Street
Boston, Massachusetts 02110
(617) 951-8000
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CALCULATION OF REGISTRATION FEE
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<TABLE>
<CAPTION>
Proposed Proposed
Title Of Maximum Maximum
Securities Amount Offering Aggregate Amount Of
To Be To Be Price Per Offering Registration
Registered Registered Share (1) Price Fee
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<S> <C> <C> <C> <C>
Common Stock (Par Value $0.001 Per 718,236 $19.55 $14,041,514(1) $ 4,212.45
Share) issuable under 2000 Employee
Stock Purchase Plan
Common Stock (Par Value $0.001 Per 50,000(2) $ 0.02 1,000 0.30
Share) issuable under 1997 Stock 463,145(2) $ 0.20 92,629 27.79
Incentive Plan 241,500(2) $ 0.48 115,920 34.77
161,250(2) $ 0.66 106,425 31.93
380,299(2) $ 2.00 760,598 228.18
1,366,465(2) $10.00 13,664,650 4,099.40
455,175(2) $12.00 5,462,100 1,638.63
834,350(2) $14.00 11,680,900 3,504.27
177,200(2) $23.00 4,075,600 1,222.68
------------- ----------- ----------
Total 4,847,620 $50,001,336 $15,000.40
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</TABLE>
(1) Based on the maximum exercise price of the shares subject to outstanding
options issued under the registrant's 2000 Employee Stock Purchase Plan
(the "ESPP"). Pursuant to Rule 457(h)(1), the aggregate offering price
and amount of the registration fee has been computed with respect to
those shares of the common stock issuable under the ESPP that are being
registered hereunder.
(2) Such shares are issuable upon exercise of outstanding options with fixed
exercise prices. Pursuant to Rule 457(h)(1), the aggregate offering price
and the fee have been computed upon the basis of the price at which the
options may be exercised. The offering price per share set forth for such
shares is the exercise price per share at which such options are
exercisable.
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PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by Sonus Networks, Inc. (the
"REGISTRANT") with the Securities and Exchange Commission (the "SEC") are hereby
incorporated by reference into this Registration Statement: (1) the Registrant's
prospectus filed pursuant to Rule 424(b)(4) under the Securities Act of 1933, as
amended (the "SECURITIES ACT"); (2) all other reports filed by the Registrant
pursuant to Sections 13(a) or 15(d) of the Exchange Act since December 31, 1999;
and (3) the description of the common stock of the Registrant, $0.001 par value
per share (the "COMMON STOCK"), contained in the Registrant's registration
statement on Form 8-A (file No. 000-30229) filed with the SEC on April 5, 2000,
pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended
(the "EXCHANGE ACT"), including any amendment or report filed for the purpose of
updating such description.
In addition, all documents filed pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Exchange Act subsequent to the date of this Registration
Statement and prior to the filing of a post-effective amendment which indicates
that all securities registered hereby have been sold or which deregisters all of
such securities then remaining unsold shall be incorporated by reference into
this Registration Statement as of the filing date of each.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation law empowers a Delaware
corporation to indemnify its officers and directors and certain other persons to
the extent and under the circumstances set forth therein.
The Fourth Amended and Restated Certificate of Incorporation of the
Registrant and the Amended and Restated By-Laws of the Registrant, as amended to
date, provide for indemnification of officers and directors of the Registrant
and certain other persons against liabilities and expenses incurred by any of
them in certain stated proceedings and under certain stated conditions.
The Registrant may maintain insurance for the benefit of its directors,
officers, employees, agents and certain other persons, insuring such persons
against any expense, liability, or loss, including liability under the
securities laws.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
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ITEM 8. EXHIBITS.
The following exhibits are filed as part of this Registration
Statement:
EXHIBIT NO. DESCRIPTION OF DOCUMENTS
4.1 Form of Fourth Amended and Restated Certificate of
Incorporation of the Registrant, incorporated by reference
to Exhibit No. 3.1 to the Registrant's Registration
Statement on Form S-1 (file No. 333-32206), filed on
May 22, 2000.
4.2. Form of Amended and Restated By-Laws of the Registrant,
incorporated by reference to Exhibit No. 3.2 to the
Registrant's Registration Statement on Form S-1
(file No. 333-32206), filed on May 22, 2000.
4.3 Amended and Restated 1997 Stock Incentive Plan, incorporated
by reference to Exhibit No. 10.2 to the Registrant's
Registration Statement on Form S-1 (file No. 333-32206),
filed on May 22, 2000.
4.4 2000 Employee Stock Purchase Plan, as amended, incorporated
by reference to Exhibit No. 10.3 to the Registrant's
Registration Statement on Form S-1 (file No. 333-32206),
filed on May 22, 2000.
5 Opinion of company counsel as to the legality of the
securities being registered.
23.1 Consent of Arthur Andersen LLP, independent accountants.
23.2 Consent of company counsel (included in Exhibit 5).
24 Power of Attorney (included on the signature page 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:
(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. 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 and 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 20 percent
change in the maximum aggregate offering
price set forth in the "Calculation of
Registration Fee" table in the effective
registration statement.
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(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 (1)(i) and (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 Commission by the registrant
pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference 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 Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual
report pursuant to 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.
(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, 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 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 Town of Westford, Commonwealth of Massachusetts, as of
the 31st day of July 2000.
SONUS NETWORKS, INC.
By:
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Hassan M. Ahmed
President and Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below hereby appoints Hassan M.
Ahmed, Stephen J. Nill, and each of them severally, his true and lawful
attorney-in-fact with the authority to execute in the name of each such person,
and to file with the Securities and Exchange Commission, together with any
exhibits thereto and other documents therewith, any and all amendments
(including without limitation post-effective amendments) to this Registration
Statement on Form S-8 necessary or advisable to enable the Registrant to comply
with the Securities Act of 1933, as amended, and any rules, regulations, and
requirements of the Securities and Exchange Commission in respect thereof, which
amendments may make such other changes in the Registration Statement as the
aforesaid attorney-in-fact executing the same deems appropriate.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated as of the 31st day of July 2000.
<TABLE>
<CAPTION>
Signature Title
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<S> <C>
------------------------- President, Chief Executive Officer and Director (Principal
Hassan M. Ahmed Executive Officer)
------------------------- Vice President of Finance and Administration and Chief Financial
Stephen J. Nill Officer (Principal Financial and Accounting Officer)
------------------------- Chairman of the Board of Directors and Director
Rubin Gruber
------------------------- Director
Edward T. Anderson
------------------------- Director
Paul J. Ferri
------------------------- Director
Paul J. Severino
</TABLE>
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description of Documents
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<S> <C>
4.1 Form of Fourth Amended and Restated Certificate of Incorporation of the Registrant, incorporated by reference to
Exhibit No. 3.1 to the Registrant's Registration Statement on Form S-1 (file No. 333-32206), filed on
May 22, 2000.
4.2. Form of Amended and Restated By-Laws of the Registrant, incorporated by reference to Exhibit No. 3.2 to the
Registrant's Registration Statement on Form S-1 (file No. 333-32206), filed on May 22, 2000.
4.3 Amended and Restated 1997 Stock Incentive Plan, incorporated by reference to Exhibit No. 10.2 to the Registrant's
Registration Statement on Form S-1 (file No. 333-32206), filed on May 22, 2000.
4.4 2000 Employee Stock Purchase Plan, as amended, incorporated by reference to Exhibit No. 10.3 to the Registrant's
Registration Statement on Form S-1 (file No. 333-32206), filed on May 22, 2000.
5 Opinion of company counsel as to the legality of the securities registered.
23.1 Consent of Arthur Andersen LLP, independent accountants.
23.2 Consent of company counsel (included in Exhibit 5).
24 Power of Attorney (included on the signature page of this Registration Statement).
</TABLE>
