<PAGE>
As filed with the Securities and Exchange Commission on January 19, 2001
Registration No. 333-_______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
MEDICHEM LIFE SCIENCES, INC.
(Exact name of issuer as specified in its charter)
Delaware 36-3518660
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
2501 Davey Road
Woodridge, Illinois 60517
(Address of Principal Executive Offices) (Zip Code)
MEDICHEM LIFE SCIENCES 1998 INCENTIVE COMPENSATION PLAN
MEDICHEM LIFE SCIENCES 2000 STOCK INCENTIVE PLAN
(Full title of the Plans)
MICHAEL T. FLAVIN
Chairman and Chief Executive Officer
MediChem Life Sciences, Inc.
2501 Davey Road
Woodridge, Illinois 60517
(630) 257-1500
Copy to:
R. CABELL MORRIS, JR.
Winston & Strawn
35 W. Wacker Drive
Chicago, Illinois 60601
(312) 558-5600
(Name, address, telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
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Amount Proposed maximum Proposed maximum Amount of
Title of securities to be registered offering price aggregate registration
to be registered per share offering price fee
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<S> <C> <C> <C> <C>
Common Stock, par value $.01 per 2,000,000 $2.50 (1) $ 5,000,000 $1,250
share (1998 Incentive Compensation
Plan)
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Common Stock, par value $.01 per 2,500,000 $5.29 (2) $13,221,138 $3,305
share (2000 Stock Incentive Plan)
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</TABLE>
(1) Computed on the basis of the weighted average price at which the options
may be exercised pursuant to Rule 457(h) of the Securities Act of 1933 (the
"Securities Act").
(2) Estimated solely for the purpose of calculating the registration fee in
accordance with Rule 457(h) of the Securities Act on the basis of, with
respect to 308,882 shares subject to outstanding options to purchase the
Company's Common Stock under the 2000 Stock Incentive Plan, the weighted
average exercise price of $4.71 per share, and with respect to 2,191,118
shares for which the exercise price is not known, $5.37 per share, which is
the average of the high and low prices of the Company's Common Stock on the
Nasdaq National Market as of January 12, 2001.
-1-
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PART I -- INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
MediChem Life Sciences, Inc. shall deliver the document containing the
information in Part I of this Registration Statement on Form S-8 to each
participant in the MediChem Life Sciences, Inc. 1998 Incentive Compensation Plan
and 2000 Stock Incentive Plan (the "Plans") as specified by Rule 428(b)(1) of
the Securities Act. Such document is not being filed with or included in this
Registration Statement (by incorporation by reference or otherwise) in
accordance with the rules and regulations of the Securities and Exchange
Commission (the "Commission"). Such document and the documents incorporated by
reference into this Registration Statement pursuant to Item 3 of Part II of this
Registration Statement, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
PART II -- INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Commission by MediChem Life
Sciences, Inc., a Delaware corporation (the "Company" or the "Registrant"), are
incorporated, as of their respective dates, into this Registration Statement by
reference:
(a) The Company's prospectus dated October 26, 2000 as filed with the
Commission pursuant to Rule 424(b) of the Securities Act,
containing the audited financial statements for the Company's
latest fiscal year for which such statements have been filed;
(b) The Company's Quarterly Report on Form 10-Q for the period ended
September 30, 2000; and
(c) The description of the Company's Common Stock, par value $0.01
per share, contained in the Company's Registration Statement on
Form 8-A, as filed with the Commission on October 17, 2000.
All documents subsequently filed by the Company 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 securities offered have been sold
or which deregisters all securities 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 documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to
be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed
document which is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part
of this Registration Statement.
<PAGE>
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Under Section 145 of the General Corporation Law of the State of
Delaware ("Section 145"), a corporation may indemnify its directors, officers,
employees and agents and its former directors, officers, employees and agents
and those who serve, at the corporation's request, in such capacities with
another enterprise, against expenses (including attorneys' fees), as well as
judgments, fines and settlements in non-derivative lawsuits, actually and
reasonably incurred in connection with the defense of any action, suit or
proceeding in which they or any of them were or are made parties or are
threatened to be made parties by reason of their serving or having served in
such capacity. Section 145 provides, however, that such person must have acted
in good faith and in a manner he or she reasonably believed to be in (or not
opposed to) the best interests of the corporation, and, in the case of a
criminal action, such person must have had no reasonable cause to believe his or
her conduct was unlawful. In addition, Section 145 does not permit
indemnification in an action or suit by or in the right of the corporation,
where such person has been adjudged liable to the corporation, unless, and only
to the extent that, a court determines that such person fairly and reasonably is
entitled to indemnity for expenses the court deems proper in light of liability
adjudication. Indemnity is mandatory to the extent a claim, issue or matter has
been successfully defended.
The Company's By-laws (the "By-laws") provide for mandatory
indemnification of directors and officers generally to the same extent
authorized by Section 145. Under the By-laws, the Company shall advance expenses
incurred by an officer or director in defending any such action if the director
or officer undertakes to repay such amount if it is determined that he or she is
not entitled to indemnification.
The Company has also entered into indemnification agreements with each
of the Company's directors and certain of its officers. The indemnification
agreements require, among other things, that the Company indemnify such
directors and officers to the fullest extent permitted by law and advance to
such directors and officers all related expenses, subject to reimbursement if it
is subsequently determined that indemnification is not permitted. The Company
also must indemnify and advance all expenses incurred by such directors and
officers seeking to enforce their rights under the indemnification agreements
and cover such directors and officers under the Company's directors' and
officers' liability insurance.
The Company's Certificate of Incorporation provides that the Company's
directors will not be personally liable to the Company or its stockholders for
monetary damages resulting from breaches of their fiduciary duty as directors,
except (a) for any breach of the directors' duty of loyalty to the Company or
its stockholders, (b) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (c) for unlawful payments
of dividends or unlawful stock repurchases or redemptions as provided in Section
174 of the General Corporation Law of the State of Delaware or (d) for
transactions from which directors derive improper personal benefit.
<PAGE>
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1 Certificate of Incorporation of the Company (incorporated by
reference to Exhibit 3.1 to the Company's Registration Statement
on Form S-1, Registration No. 333-39548 (the "Form S-1"))
4.2 By-laws of the Company (incorporated by reference to Exhibit 3.2
of the Form S-1)
4.3 Specimen Stock Certificate representing the Common Stock
(incorporated by reference to Exhibit 4.1 of the Form S-1)
4.4 MediChem Life Sciences 1998 Incentive Compensation Plan
(incorporated by reference to Exhibit 10.1 of the Form S-1)
4.5 MediChem Life Sciences 2000 Stock Incentive Plan
5.1 Opinion of Winston & Strawn as to the legality of the securities
being registered
23.1 Consent of KPMG LLP
23.2 Consent of Winston & Strawn (included as part of Exhibit 5.1)
24.1 Powers of Attorney (included on the signature page hereof)
<PAGE>
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 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; and
(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 this
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 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 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 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.
<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 Woodridge, State of Illinois, on the 19th day of
January, 2001.
MEDICHEM LIFE SCIENCES, INC.
By: /s/ Michael T. Flavin
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Name: Michael T. Flavin
Title: Chairman of the Board of Directors,
President and Chief Executive Officer
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Michael T. Flavin and John L. Flavin, and
each of them, his true and lawful attorneys-in-fact and agents, with full power
of substitution, for him and in his name, place and stead, in any and all
capacities, to sign 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 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 to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that each said
attorneys-in-fact and agents, or his or their 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 on January 19, 2001 by the
following persons in the capacities indicated.
Signature Title
/s/ Michael T. Flavin Chairman of the Board of Directors, President and
------------------------- Chief Executive Officer
Michael T. Flavin
/s/ John L. Flavin Executive Vice President, Chief Operating Officer
------------------------- and Director
John L. Flavin
/s/ R. Richard Wieland II Chief Financial Officer (Principal Financial
------------------------- Officer)
R. Richard Wieland II
/s/ Michael J. Cogan Controller (Principal Accounting Officer)
-------------------------
Michael J. Cogan
/s/ David C. Demirjian Director
-------------------------
David C. Demirjian
/s/ Darsh T. Wasan Director
-------------------------
Darsh T. Wasan
/s/ Robert D. Weist Director
-------------------------
Robert D. Weist
/s/ Bro. James Gaffney Director
-------------------------
Bro. James Gaffney
/s/ Peter R. Gates Director
-------------------------
Peter R. Gates
/s/ Damion E. Wicker Director
-------------------------
Damion E. Wicker
/s/ W. Brett Ingersoll Director
-------------------------
W. Brett Ingersoll
/s/ Larry C. Hansen Director
---------------------
Larry C. Hansen
