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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST EFFECTIVE AMENDMENT NO.1 TO
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
INTEK DIVERSIFIED CORPORATION
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(Exact name of Registrant as Specified in Its Charter)
Delaware 04-2450145
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(State of Incorporation) (I.R.S. Employer Identification No.)
970 West 190th Street, Suite 720, Torrance, California 90502
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(Address of Principal Executive Office) (Zip Code)
INTEK Diversified Corporation 1994 Stock Option Plan
INTEK Diversified Corporation 1994 Directors'Stock Option Plan
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(Full Title of the Plans)
David Neibert Copy to:
970 West 190th Street, Ste. 720 Steven L. Wasserman, Esq.
Torrance, California 90502 Kohrman Jackson & Krantz P.L.L.
310/366-7335 One Cleveland Center, 20th Floor
- ----------------------------------- 216/736-7220
(Name, address, telephone number,
including area code of agent for service)
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits
4.3 Amendment No. 1 to INTEK Diversified Corporation 1994 Stock Option Plan.
4.4 Amendment No. 1 to INTEK Diversified Corporation 1994 Directors' Stock
Option Plan.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
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 Torrance, State of California, on February 21, 1997.
INTEK DIVERSIFIED CORPORATION
By: /s/ Edmund Hough
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Edmund Hough, Chairman of the Board
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.
Name Title Date
/s/ Edmund Hough Chairman of the Board February 21, 1997
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Edmund Hough
/s/ Peter Hilton Director February 21, 1997
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Peter Hilton
/s/ Robert B. Kelly Director February 21, 1997
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Robert B. Kelly
/s/ David Neibert Executive Vice President February 21, 1997
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David Neibert
/s/ John G. Simmonds Director February 21, 1997
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John G. Simmonds
/s/ Steven L. Wasserman Secretary and Director February 21, 1997
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Steven L. Wasserman
/s/ D. Gregg Marston Interim Chief Financial February 21, 1997
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Gregg Marston
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EXHIBIT INDEX
4.3 Amendment No. 1 to INTEK Diversified Corporation 1994 Stock Option Plan.
4.4 Amendment No. 1 to INTEK Diversified Corporation 1994 Directors' Stock
Option Plan.
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Exhibit 4.3
AMENDMENT NO. 1
TO THE INTEK DIVERSIFIED CORPORATION
1994 STOCK OPTION PLAN
This amendment No.1 (this "Amendment") to the INTEK Diversified
Corporation 1994 Stock Option Plan (the "Plan") is hereby adopted by INTEK
Diversified Corporation (the "Company") on the 23rd day of December, 1996
pursuant to the terms of Section 13 of the Plan.
WITNESSETH:
WHEREAS, the Plan was adopted by the Company on July 6, 1994;
WHEREAS, pursuant to the Plan, the Company has the right to amend the Plan
acting through its Stock Option Committee;
WHEREAS, the Company desires to amend the Plan to eliminate or revise
certain provisions that are no longer required under the current Securities
Exchange Act of 1934 and the rules Promulgated thereunder;
NOW THEREFORE, the Company hereby amends the Plan, effective December 23,
1996, as follows:
1. Existing Paragraph 12(a) is hereby deleted in its entirety and
replaced with the following new Paragraph 12(a):
(a) This Plan shall be administered by a committee of not less than two
members of the Board. Grants made hereunder may be made by such committee if
each of its members is a "non-employee director" within the meaning of Rule
16b-3, otherwise, grants shall be made only by the Board. A majority of the
members of the Committee shall constitute a quorum, and the acts of the members
of the Committee who are present at any meeting thereof at which a quorum is
present, or acts unanimously approved in writing by the members of the
Committee, shall be the acts of the Committee.
2. Existing Paragraph 13(a) is hereby deleted in its entirety and
replaced with the following new Paragraph 13(a):
(a) This Plan may be amended from time to time by the Committee;
provided, however, that except as expressly authorized by this Plan, no such
amendment shall increase the number of shares of Common Stock specified in
Section 3 of this Plan or increase the number of shares of Common Stock
specified in Section 4(a) of this Plan, without the further approval of the
stockholders of the Corporation.
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IN WITNESS WHEREOF, the Company, has caused this instrument to be executed
by its duly authorized officer on the date first written above.
INTEK DIVERSIFIED COMPANY
/s/ Steven L. Wasserman
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by Steven L Wasserman, Secretary
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Exhibit 4.4
AMENDMENT NO. 1
TO THE INTEK DIVERSIFIED CORPORATION
1994 DIRECTORS' STOCK OPTION PLAN
This amendment No.1 (this "Amendment") to the INTEK Diversified
Corporation 1994 Directors' Stock Option Plan (the "Plan") is hereby adopted by
INTEK Diversified Corporation (the "Company") on the 23rd day of December, 1996
pursuant to the terms of Section 13 of the Plan.
WITNESSETH:
WHEREAS, the Plan was adopted by the Company on September 23, 1994;
WHEREAS, pursuant to the Plan, the Company has the right to amend the Plan
acting through its Board of Directors;
WHEREAS, the Company desires to amend the Plan to eliminate or revise
certain provisions that are no longer required under the current Securities
Exchange Act of 1934 and the rules Promulgated thereunder;
NOW THEREFORE, the Company hereby amends the Plan, effective December 23,
1996, as follows:
1. Existing Paragraph 2(f) is hereby deleted in its entirety and replaced
with the following new Paragraph 2(f):
(f) A Non- Employee Director shall mean a director who:
(i) is not currently an officer of the Company or a parent or
subsidiary of the Company, or is otherwise currently employed by the Company or
a parent or subsidiary of the Company;
(ii) does not receive compensation, either directly or indirectly,
from the Company or a parent or subsidiary of the Company, for services
rendered as a consultant or in any capacity other than as a director, except
for an amount that does not exceed $60,000;
(iii) does not possess an interest in any other transaction for which
disclosure would be required pursuant to Item 404(b) of Regulation S-K,
promulgated under the Securities Exchange Act ("Regulation S-K"); and
(iv) is not engaged in a business relationship for which disclosure
would be required under Regulation S-K.
2. Existing Paragraph 8 is hereby deleted in its entirety and replaced
with the following new Paragraph 8:
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8. Termination of Option Period. The unexercised portion of any
Option shall automatically and without notice terminate and become null and
void on the earliest to occur of: (i) one year after the death of Optionee;
(ii) two years after the date on which the Optionee ceases to be a Director for
any reason other than death; or (iii) after the expiration of 10 years from the
date of grant of the Option.
3. Existing Paragraph 11(a) is hereby deleted in its entirety and
replaced with the following new Paragraph 11(a):
(a) The Plan shall be administered by the Committee, which shall
consist of not less than two Non-Employee Directors. The Committee shall have
all of the powers of the Board with respect to the Plan. The Board may change
the membership of the Committee at any time and fill any vacancy occurring in
the membership of the Committee by appointment.
4. Existing Paragraph 13 is hereby deleted in its entirety and replaced
with the following new Paragraph 13:
Amendment and Discontinuation of the Plan. Either the Board or the
Committee may from time to time amend the Plan or any Option; provided,
however, that, except to the extent provided in Section 9, no such amendment
may, without approval by the stockholders of the Company, (i) materially
increase the benefits accruing to participants under the Plan, (ii) materially
increase the number of securities which may be issued under the Plan, or (iii)
materially modify the requirements as to eligibility for participation in the
Plan; and provided further, that, no amendment or suspension of the Plan or
any Option issued hereunder shall substantially impair any Option previously
granted to any Optionee without the consent of such Optionee.
IN WITNESS WHEREOF, the Company, has caused this instrument to be executed
by its duly authorized officer on the date first written above.
INTEK DIVERSIFIED COMPANY
/s/ Steven L. Wasserman
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by Steven L Wasserman, Secretary
