As filed with the Securities and Exchange Commission on July 10, 2000
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933
SAMUELS JEWELERS, INC.
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 95-3746316
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
2914 MONTOPOLIS DRIVE, SUITE 200
AUSTIN, TEXAS 78741
(Address, including zip code, of Registrant's Principal Executive Offices)
SAMUELS JEWELERS, INC. 401(K) PLAN
(Full Title of the Plan)
E. Peter Healey Copy to:
Executive Vice President, Chief Financial
Officer and Secretary Charles E. Harrell, Esq.
Samuels Jewelers, Inc. Weil, Gotshal & Manges LLP
2914 Montopolis Drive, Suite 200 700 Louisiana, Suite 1600
Austin, Texas 78741 Houston, Texas 77002
(512) 369-1400 (713) 546-5000
(Name, Address and Telephone Number, including
Area Code, of Agent For Service)
<TABLE>
<CAPTION>
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CALCULATION OF REGISTRATION FEE
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Title of Each Proposed Proposed
Class Of Maximum Maximum
Securities Amount Offering Aggregate Amount Of
To Be To Be Price Offering Registration
Registered Registered (1) Per Unit(2) Price(2) Fee
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<S> <C> <C> <C> <C>
Common Stock, par value 200,000 shares $4.75 $950,000 $251
$.001 per share
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</TABLE>
(1) Pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this
registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the Plan.
(2) Estimated solely for the purpose of calculating the registration fee in
accordance with Rule 457(h) under the Securities Act of 1933, as amended,
based on a good faith estimate of the aggregate number of shares of common
stock of the Registrant that will be purchased pursuant to the Plan and on
the average of the bid and asked prices ($4.75) of the Registrant's common
stock as given on the Nasdaq OTC Bulletin Board on July 6, 2000.
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<PAGE>
PART I
INFORMATION REQUIRED IN THE
SECTION 10(A) PROSPECTUS
ITEM 1. PLAN INFORMATION.
The documents containing the information specified in Part I of this
Registration Statement will be sent or given to employees as specified by Rule
428(b)(1). Such documents are not required to be and are not filed with the
Securities and Exchange Commission (the "Commission") either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424. These documents and the documents incorporated by reference in this
Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken
together, constitute a prospectus that meets the requirements of Section 10(a)
of the Securities Act of 1933, as amended (the "Securities Act").
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.
Upon written or oral request, any of the documents incorporated by
reference in Item 3 of Part II of this Registration Statement (which documents
are incorporated by reference in this Section 10(a) Prospectus), other documents
required to be delivered to eligible employees pursuant to Rule 428(b), or
additional information about the Samuels Jewelers, Inc. 401(k) Plan, Samuels
Jewelers, Inc. and the administrators of such plan are available without charge
by contacting:
Samuels Jewelers, Inc.
2914 Montopolis Drive, Suite 200
Austin, Texas 78741
(512) 369-1400
Attention: E. Peter Healey
Executive Vice President, Chief
Financial Officer and Secretary
<PAGE>
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed with the Commission by Samuels Jewelers,
Inc. (the "Corporation") are incorporated herein by reference:
(a) the Corporation's Annual Report on Form 10-K for the fiscal year
ended May 29, 1999 (File No. 0-15017);
(b) the Corporation's Quarterly Reports on Form 10-Q for the quarters
ended August 28, 1999, November 27, 1999 and February 26, 2000, respectively
(File No. 0-15017); and
(c) the description of the Corporation's Common Stock contained in the
Corporation's Registration Statement on Form S-1/A filed on June 8, 1999 (File
No. 333-78923), including any amendment or report filed for the purpose of
updating such description.
All documents subsequently filed by the Corporation with the Commission
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 this Registration Statement 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 of such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
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<PAGE>
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Corporation's Certificate of Incorporation provides that each
person who was or is made a party to any threatened, pending or completed
action, suit or proceeding by reason of the fact that he or she is or was a
director or officer of the Corporation will be indemnified by the Corporation,
to the full extent permitted by the Delaware General Corporation Law (the
"DGCL").
Under Section 145 of the DGCL, a corporation may indemnify a director,
officer, employee or agent of the corporation against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by him or her if he or she 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, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful.
In the case of an action brought by or in the right of a corporation, a
corporation may indemnify a director, officer, employee or agent of the
corporation against expenses (including attorneys' fees) actually and reasonably
incurred by him or her if he or she 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, except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation unless a court finds that, in view of all the
circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses as the court shall deem proper.
The Certificate of Incorporation provides that a director of the
Corporation shall not be liable to the Corporation or its stockholders for
monetary damages for breach of fiduciary duty as a director, except (i) for
breaches of the director's duty of loyalty to the Corporation or its
stockholders, (ii) for acts or omissions not in good faith or involving
intentional misconduct or known violations of law, (iii) for the payment of
unlawful dividends or unlawful stock purchases or redemptions or (iv) for
transactions in which the director received an improper personal benefit. The
Certificate of Incorporation further provides that neither amendment nor repeal
of such provision nor the adoption of any term of the Certificate of
Incorporation inconsistent with such provision shall eliminate or reduce the
effect of such provision in respect of any matter occurring, or any cause of
action, suit or claim that, but for such provision, would accrue or arise, prior
to such amendment, repeal or adoption of such inconsistent provision.
The Corporation maintains a standard form of officers' and directors'
liability insurance policy that provides coverage to the Corporation and the
officers and directors of the Corporation for certain liabilities.
The foregoing summaries are necessarily subject to the complete text of
the statutes, the Certificate of Incorporation, the indemnification agreements
and the insurance policy referred to above and are qualified in their entirety
by reference thereto.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The Exhibits to this Registration Statement are listed in the Index to
Exhibits on page II-7 of this Registration Statement, which index is
incorporated herein by reference.
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<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 of 1933;
(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 change 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.
(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 (a)(1)(i) and (a)(1)(ii) do
not apply if the registration statement is on Form S-3, Form
S-8 or Form F-3, and 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 15(d) of the
Securities Exchange Act of 1934 that are incorporated by
reference 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) The undersigned Registrant will submit or has submitted
the Plan and any amendments thereto to the Internal Revenue Service
(the "IRS") in a timely manner and has made or will make all changes
required by the IRS to qualify the Plan under Section 401(k) of the
Internal Revenue Code, as amended to date.
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<PAGE>
(c) The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act of 1933,
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 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.
(d) 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 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 of 1933 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
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 of whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication
of such issue.
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<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 Austin, state of Texas, on July 7, 2000.
SAMUELS JEWELERS, INC.
By: /s/ Randy N. McCullough
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Randy N. McCullough
President and Chief Executive Officer
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 and on the dates indicated. Each person whose signature appears below
hereby authorizes and appoints Randy N. McCullough and E. Peter Healey, and each
of them, his true and lawful attorneys-in-fact and agents with full power of
substitution and resubstitution, for him or her and in his or her name, place
and stead, and in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and file
the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, and hereby grants to
such attorneys-in-fact and agents, and each of them, full power and authority to
do and perform each and every act and thing requisite and necessary to be done,
as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents or any of
them or his or her or their substitute or substitutes may lawfully do or cause
to be done by virtue hereof.
SIGNATURE TITLE
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/s/ Randy N. McCullough President, Chief Executive Officer (Principal
-------------------------------- Executive Officer) and Director
Randy N. McCullough
/s/ E. Peter Healey Chief Financial Officer (Principal Financial
-------------------------------- Officer) and Director
E. Peter Healey
/s/ Doug Bullock Vice President-Finance (Principal Accounting
-------------------------------- Officer)
Doug Bullock
/s/ David H. Eisenberg Chairman of the Board
--------------------------------
David H. Eisenberg
/s/ David B. Barr Director
--------------------------------
David B. Barr
Director
--------------------------------
David J. Breazzano
/s/ Wendy T. Landon Director
--------------------------------
Wendy T. Landon
/s/ Jerry Winston Director
--------------------------------
Jerry Winston
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<PAGE>
Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto authorized, in the city of Austin, state of Texas, on
July 7, 2000.
SAMUEL JEWELERS, INC. 401(k) PLAN
By:/s/ Dwayne A. Cooper
------------------------------------
Name: Dwayne A. Cooper
Title: Plan Administrator and Treasurer
of Plan Sponsor
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<PAGE>
INDEX TO EXHIBITS
Exhibit Number Exhibit
-------------- -------
4.1 Certificate of Incorporation of the Registrant*
4.2 Bylaws of the Registrant*
4.3 Samuels Jewelers, Inc. 401(k) Plan
5.1 Opinion of Weil, Gotshal & Manges LLP.
23.1 Consent of Weil, Gotshal & Manges LLP (contained in
Exhibit 5.1).
23.2 Consent of Deloitte & Touche LLP.
24.1 Power of Attorney#
*Incorporated herein by reference to the Registrant's Current Report on Form 8-K
dated September 16, 1998 (File No. 0-15017).
#Included on "Signatures" page hereof.
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