As filed with the Securities and Exchange Commission on June 14, 2000
Registration No. 333- _________
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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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SHUFFLE MASTER, INC.
(Name of Registrant in its Charter)
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MINNESOTA 3999 41-1448495
<S> <C> <C>
(State or Other Jurisdiction of (Primary Standard Industrial (IRS Employer Identification No.)
Incorporation or Organization) Classification Code Number)
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10901 Valley View Road
Eden Prairie, Minnesota 55344
(952) 943-1951
(Address and Telephone Number of Principal Executive Offices
and Principal Place of Business)
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December 2, 1998 Consultant Option Agreement
February 16, 2000 Consultant Option Agreement
(Full Title of the Plan)
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Thomas G. Barry, Jr., Esq.
10901 Valley View Road
Eden Prairie, Minnesota 55344
(952) 943-1951
(Name, Address, and Telephone Number of Agent for Service)
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Copies to:
Michael W. Schley, Esq.
Larkin, Hoffman, Daly & Lindgren, Ltd.
1500 Norwest Financial Center
7900 Xerxes Avenue South
Bloomington, Minnesota 55431
(952) 835-3800
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APPROXIMATE DATE OF PROPOSED SALE TO THE PUBLIC:
As soon as practicable after the Registration Statement becomes effective.
If the only securities being registered on this Form are being offering pursuant
to dividend or interest reinvestment plans, please check the following box. |_|
If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, check the following box. |X|
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CALCULATION OF REGISTRATION FEE
-------------------------- ------------------ --------------------------- ----------------------- --------------------
Title of Each Class of Proposed Maximum
Securities to be Amount to be Proposed Maximum Offering Aggregate Offering Amount of
Registered Registered (1) Price Per Share (2) Price Registration Fee
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<S> <C> <C> <C> <C>
Common stock ($.01 par
value) 50,000 $17.438 $721,900 $212.96
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(1) Fair market value is estimated, solely for the purpose of calculating
the registration fee, as the closing price of Shuffle Master, Inc. (the
"Company") Common Stock as reported by the Nasdaq National Market on
June 12, 2000.
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INTRODUCTION
Shuffle Master, Inc. (the "Registrant") hereby registers the sale of up
to 50,000 shares of its Common Stock, one cent ($0.01) par value. Such shares
may be issued upon the exercise of stock options granted pursuant to two
separate consulting agreements. One such consulting agreement, which grants
options for up to 40,000 shares, is between the Registrant and David Sklansky.
The other such consulting agreement, which grants options for up to 10,000
shares, is between the Registrant and Gaming Venture Corp., U.S.A. Gaming
Venture Corp., U.S.A., has assigned its option rights to Alan R. Woinski, the
President of Gaming Venture Corp., U.S.A.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The Registrant incorporates by reference into the Registration Statement
the documents listed below:
(a) The Registrant's latest annual report on Form 10-K, or, if the
financial statements therein are more current, the Registrant's latest
prospectus, other than the prospectus of which this document is a part, filed
pursuant to Rule 424(b) of the Securities Exchange Commission under the
Securities Act of 1933.
(b) All other reports filed by the Registrant pursuant to Section 13(a) or
15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since the end
of the fiscal year covered by the annual report or prospectus referred to in (a)
above.
(c) The description of the Registrant's Common Stock which is contained in
a Registration Statement filed by the Registrant under the Exchange Act,
including any amendment or report filed for the purpose of updating such
description, and to the extent that such Registration Statement includes
relevant information incorporated by reference, the Registrant's Registration
Statement on Form S-18, Registration No. 33-53994C.
All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment to the Registration Statement which indicates that all
of the 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 of 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 also 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.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable. The class of securities to be offered is registered under
Section 12 of the Exchange Act.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL.
Not applicable.
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ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 302A.521 of the Minnesota Business Corporation Act provides that
unless prohibited or limited by a corporation's articles of incorporation or
bylaws, the corporation must indemnify its current and former officers,
directors, employees and agents against expenses (including attorneys' fees),
judgments, penalties, fines and amounts paid in settlement and which were
incurred in connection with actions, suits, or proceedings in which such persons
are parties by reason of the fact that they are or were an officer, director,
employee or agent of the corporation, if they: (i) have not been indemnified by
another organization; (ii) acted in good faith; (iii) received no improper
personal benefit; (iv) in the case of a criminal proceeding, had no reasonable
cause to believe the conduct was unlawful; and (v) reasonably believed that the
conduct was in the best interests of the corporation. Section 302A.521 also
permits a corporation to purchase and maintain insurance on behalf of its
officers, directors, employees and agents against any liability which may be
asserted against, or incurred by, such persons in their capacities as officers,
directors, employees and agents any liability which may be asserted against, or
incurred by, such persons in their capacities as officers, directors, employees
or agents of the corporation, whether or not the corporation would have been
required to indemnify the person against the liability under the provisions of
such section.
Article VI of the Bylaws of the Registrant provides that the Registrant
shall exercise, as fully as may be permitted by law, its power of
indemnification, and that the foregoing right of indemnification shall not be
exclusive of other rights to which a person shall be entitled as a matter of
law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable. This Registration Statement relates to the issuance of
shares upon the exercise of options by an option holder. The grant of such
options did not constitute "sales" under the Securities Act of 1933, as amended.
ITEM 8. EXHIBITS.
*3.1 Articles of Incorporation of Shuffle Master, Inc. as amended
July 15, 1992 and June 23, 1995.
**3.2 Bylaws of Shuffle Master, Inc.
**4.1 Specimen Common Stock Certificate.
***4.2 Shareholder Rights Plan, dated June 26, 1998.
5.1 Opinion of Larkin, Hoffman, Daly & Lindgren, Ltd., as to legality
of the securities (included as page II-5).
23.2 Consent of Deloitte & Touche LLP (included as page II-6).
23.2 Consent of Counsel (included in Exhibit 5.1).
24.1 Power of Attorney (see signature page).
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* Incorporated by reference to the same exhibit number in the Registrant's
Form 10-K for the year ended October 31, 1995.
** Incorporated by reference to the specified exhibit to the Registration
Statement on Form S-18, Registration No. 33-53994C.
*** Incorporated by reference to the specified exhibit in the Registrant's
Report on Form 8K dated June 26, 1998.
ITEM 9. UNDERTAKINGS.
1. The undersigned Registrant hereby undertakes:
(a) To file, during any period in which offers or sells
securities, a post-effective amendment to this Registration
Statement:
(i) to include any additional or changed
material information on the plan of
distribution.
(b) For determining any liability under the Securities Act,
treat each post-effective amendment as a new Registration
Statement of the securities offered, and the offering of the
securities at that time shall be deemed to be the initial BONA
FIDE offering.
(c) File a post-effective amendment to remove from
registration any of the securities that remain unsold at the
end of the offering.
2. 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 provision described in Item 6, 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 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, 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 Eden Prairie, State of Minnesota on May 31, 2000.
SHUFFLE MASTER, INC.
By /s/ Joseph J. Lahti
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Joseph J. Lahti
Its: Chief Executive Officer
The officers and directors of Shuffle Master, Inc., whose signatures
appear below, hereby constitute and appoint Joseph J. Lahti and Gary W. Griffin,
and each of them (with full power to each of them to act alone) their true and
lawful attorney-in-fact to sign and execute on behalf of the undersigned any
amendment or amendments to this registration statement of Shuffle Master, Inc.,
and each of the undersigned does hereby ratify and confirm all that said
attorneys shall do or cause to be done by virtue thereof.
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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<S> <C> <C>
/s/ Joseph J. Lahti Chairman of the Board, President May 31, 2000
----------------------------------- Chief Executive Officer
Joseph J. Lahti
/s/ Gary W. Griffin Chief Financial Officer, Secretary May 25, 2000
----------------------------------- and Treasurer
Gary W. Griffin
/s/ Gerald W. Koslow Controller May 25, 2000
-----------------------------------
Gerald W. Koslow
/s/ Mark L. Yoseloff Executive Vice President and May 25, 2000
----------------------------------- Director
Mark L. Yoseloff
/s/ Thomas J. Sutton Director May 23, 2000
-----------------------------------
Thomas J. Sutton
/s/ Patrick R. Cruzen Director May 23, 2000
-----------------------------------
Patrick R. Cruzen
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