As filed with the Securities and Exchange Commission on June 13, 2000
Registration No. _______________
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
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MET-PRO CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 23-1683282
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification No.)
Met-Pro Corporation
160 Cassell Road, P.O. Box 144
Harleysville, Pennsylvania 19438
(215) 723-6751
(Address, including Zip Code, of Registrant's Principal Executive Offices)
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MET-PRO CORPORATION YEAR 2000 EMPLOYEE STOCK PURCHASE PLAN
(Full Title of the Plan)
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William L. Kacin
Chairman, Chief Executive Officer and President
160 Cassell Road, P.O. Box 144
Harleysville, Pennsylvania 19438
(215) 723-6751
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
--------------------------
Copies to:
Jeffrey H. Nicholas, Esquire Gary J. Morgan, Secretary
Fox, Rothschild, O'Brien & Frankel, LLP Met-Pro Corporation
997 Lenox Drive 160 Cassell Road, P.O. Box 144
Lawrenceville, New Jersey 08648 Harleysville, Pennsylvania 19438
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CALCULATION OF REGISTRATION FEE
<S> <C> <C> <C> <C>
----------------------------------- ------------------- --------------------- ---------------------- -----------------
Proposed maximum Proposed maximum Amount of
Title of securities to be Amount to be offering price per aggregate offering registration
registered registered share price fee (1)
----------------------------------- ------------------- --------------------- ---------------------- -----------------
Common Stock,
$0.10 par value 200,000 shares(2) $9.0625 $1,812,500 $ 478.50
----------------------------------- ------------------- --------------------- ---------------------- -----------------
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(1) Estimated in accordance with Rule 457(h) under the Securities Acts of
1933, as amended (the "Securities Act"), solely for purposes of
calculating the registration fee and based upon the average of the high
and low sales prices of the Common Stock as reported on the New York
Stock Exchange on June 6, 2000.
(2) There are also being registered an indeterminate number of additional
shares of Common Stock as may be required by the anti-dilution provisions
of the Year 2000 Employee Stock Purchase Plan.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Information required by Part I of Form S-8 shall be included in documents
to be furnished to participants in the Company's Year 2000 Employee Stock
Purchase Plan pursuant to Rule 428(b)(1)(i) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
We hereby incorporate by reference into this registration statement the
following documents and information that we have earlier heretofore filed with
the SEC:
(1) Our Annual Report on Form 10-K for our year ended January 31,
2000;
(2) The Definitive Proxy Statement that we filed on April 27, 2000 for
our Annual Meeting of Shareholders that we held on June 7, 2000;
(3) Our Quarterly Report on Form 10-Q for the quarter ended April 30,
2000;
(4) The description of the Company's Common Stock contained in our
Registration Statement on Form 8-A that we filed with the SEC on
June 12, 1998;
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(5) The description of the Company's Rights to purchase Common Stock
contained in our Registration Statement on Form 8-A that we filed
with the SEC on January 7, 2000; and
(6) All other reports filed by the Company pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act, as amended (the "Exchange
Act") since the end of the fiscal year covered by the Annual
Report referred to in (1) above.
In addition, we hereby incorporate by reference into this registration
statement all documents that we subsequently file with the SEC pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as
amended, prior to the filing of a post-effective amendment which indicates that
all securities registered have been sold or which deregisters all securities
then remaining unsold. Each document that is so incorporated by reference shall
be deemed to be a part of this registration statement from the date of the
filing of such document with the SEC.
Item 4. Description of Securities.
Not Applicable
Item 5. Interest of Named Experts and Counsel.
Not Applicable
Item 6. Indemnification of Directors and Officers
Section 102(b) of the Delaware General Corporation Law authorizes a
corporation to provide in its Certificate of Incorporation that a director of
the corporation shall not be personally liable to the corporation or its
stockholders for monetary damages for breach or alleged breach of the director's
"duty of care." While this statute does not change the directors' duty of care,
it enables corporations to limit available relief to equitable remedies such as
injunction or rescission. The statute has no effect on a director's duty of
loyalty or liability for acts or omissions not in good faith or involving
intentional misconduct or knowing violations of law, illegal payment of
dividends or stock redemptions or repurchases, or for any transaction from which
the director derives an improper personal benefit. As permitted by the statute,
the Company has adopted provisions in its Certificate of Incorporation which
eliminate to the fullest extent permissible under Delaware law the personal
liability of its directors to the Company and its stockholders for monetary
damages for breach or alleged breach of their duty of care.
Section 145 of the Delaware General Corporate Law provides generally that
a corporation shall have the power, and in some cases is required, to indemnify
an agent, including an officer or director, 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 he or she is or was a director, officer, employee or agent of the
corporation, against certain expenses, judgments, fines, settlements, and other
amounts under certain circumstances.
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The Company's By-laws provide for indemnification to the full extent
permitted by the Delaware General Corporation Law. These indemnification
provisions may be sufficiently broad to permit indemnification of the Company's
officers and directors for liabilities (including reimbursement of expenses
incurred) arising under the Securities Act of 1933, as amended.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits
Exhibit Number Description
--------------------------- ---------------------------------------------------
4 Year 2000 Employee Stock Purchase Plan (1)
5 Opinion and Consent of Fox, Rothschild, O'Brien &
Frankel, LLP
23.1 Consent of Margolis & Company, P.C.
23.2 Consent of Fox Rothschild, O'Brien & Frankel, LLP
(See Ex. 5)
24 Power of attorney (filed with signature pages)
(1) Incorporated by reference to Exhibit A of the Definitive Proxy Statement
filed with the SEC on April 27, 2000 for our June 7, 2000 Annual Meeting of
Stockholders.
Item 9. Undertakings.
A. We hereby undertake:
(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 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. We hereby undertakes that, for purposes of determining any liability
under the Securities Act of 1933, each filing of its annual report pursuant to
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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 the initial bona
fide offering therein.
C. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted for our directors, officers and
controlling persons pursuant to the foregoing provisions, or otherwise, we have
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of
1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by us of
expenses incurred or paid by a director, officer or controlling person of ours
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 in this registration statement, we will, unless in the opinion
of our counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by
us is against public policy as expressed in the Securities Act of 1933, and we
will be governed by the final adjudication of such issue.
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SIGNATURES
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According to the requirements of the Securities Act of 1933, Met-Pro
Corporation hereby 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 Harleysville, Commonwealth of Pennsylvania, on
the 13th day of June, 2000.
MET-PRO CORPORATION
By:/s/ William L. Kacin
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William L. Kacin, Chairman, Chief Executive Officer
and President
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints William L. Kacin and Gary J. Morgan, and each of
them individually, his true and lawful attorney-in-fact and agent 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 other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent 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 they might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent
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 by the following persons in the
capacities and on the dates indicated.
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Signature Title Date
<S> <C> <C>
/s/ William L. Kacin Chairman, Chief Executive Officer and June 13, 2000
------------------------------------ President [principal executive officer]
William L. Kacin
/s/ Gary J. Morgan Vice President - Finance, June 13, 2000
------------------------------------ Secretary, Treasurer and Director
Gary J. Morgan [principal financial and accounting officer]
/s/ Nicholas DeBenedictis Director June 13, 2000
------------------------------------
Nicholas DeBenedictis
</TABLE>
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Signature Title Date
<S> <C> <C>
/s/ Alan Lawley Director June 13, 2000
------------------------------------
Alan Lawley
/s/ Michael J. Morris Director June 13, 2000
------------------------------------
Michael J. Morris
/s/ Jeffrey H. Nicholas Director June 13, 2000
------------------------------------
Jeffrey H. Nicholas
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EXHIBIT INDEX
Exhibit Number Description
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4 Year 2000 Employee Stock Purchase Plan (1)
5 Opinion and Consent of Fox, Rothschild, O'Brien &
Frankel, LLP
23.1 Consent of Margolis & Company, P.C.
23.2 Consent of Fox Rothschild, O'Brien & Frankel, LLP
(See Ex. 5)
24 Power of attorney (filed with signature pages)
(1) Incorporated by reference to Exhibit A to the Definitive Proxy Statement
filed with the SEC on April 27, 2000 for our June 7, 2000 Annual Meeting of
Stockholders.
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