Registration No. 333-
--------
As filed with the Securities and Exchange Commission on June 30, 2000
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
FORM S-8
Registration Statement
Under
The Securities Act of 1933
FACTORY 2-U STORES, INC.
----------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 51-0299573
-------------------------------------- -------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
4000 Ruffin Road, San Diego, California 92123
--------------------------------------- -------------------
(Address of Principal Executive Offices) (Zip Code)
1997 Stock Option Plan
------------------------------------------------------
(Full title of the plan)
Michael M. Searles
Factory 2-U Stores, Inc.
(858) 627-1800
------------------------------------------------------
(Name, address and telephone number of agent for service)
Copy to: Theodore H. Latty, Esq.
Hughes Hubbard & Reed LLP
350 South Grand Avenue
Los Angeles, California 90071-3442
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Title of
Securities Amount Proposed Maximum Proposed Amount of
to be to be Offering Price Maximum Aggregate Registration
Registered Registered<F1> Per Share<F2> Offering Price<F2> Fee
---------------------- ------------------ ---------------------- -------------------- -----------------
<S> <C> <C> <C> <C>
Common Stock,
par value 350,000 shares $37.41 $13,093,500 $3,457
$.001 per share
---------------------- ------------------ ---------------------- -------------------- -----------------
(see footnotes on following page)
Page 1 of 13 Pages.
</TABLE>
<PAGE>
----------
<F1>
This Registration Statement also relates to such indeterminate number of
additional shares as may be issuable pursuant to stock splits, stock dividends
or similar transactions.
<F2>
The proposed maximum offering price per share of Common Stock and the proposed
maximum aggregate offering price are calculated solely for the purpose of
determining the registration fee pursuant to Rule 457(h) under the Securities
Act of 1933. The fee for the shares being registered is based on a price of
$37.41 per share, which is the average of the high and low sale prices of the
Common Stock on June 26, 2000, as quoted on the Nasdaq National Market.
Securities offered and sold under the plan which are the subject of this
Registration Statement were also registered by means of a Registration Statement
on Form S-8, No. 33-76011, filed with the Securities and Exchange Commission on
April 9, 1999. Prospectus documents used in connection with this Registration
Statement will also apply with respect to the prior Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed by Factory 2-U Stores, Inc. (the
"Company") under the Securities Exchange Act of 1934 (the "Exchange Act") are
incorporated herein by reference:
(a) The Company's Annual Report on Form 10-K for the fiscal year
ended January 29, 2000;
(b) The Company's Quarterly Report on Form 10-Q for the fiscal
period ended April 29, 2000;
(c) All other reports filed by the Company pursuant to Section
13(a) or 15(d) of the Exchange Act since April 29, 2000; and
(d) The description of the Company's Common Stock contained in
the Company's Registration Statement filed with the SEC under the
Exchange Act and subsequent amendments and reports filed to update
such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act after the date of this Registration Statement
<PAGE>
and prior to the filing of a post-effective amendment which indicates that all
securities offered hereby 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 the filing of
such documents.
Any statement contained in a document 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 in a subsequently filed
document which is also incorporated by reference herein modified or superseded
such statement.
Item 4. DESCRIPTION OF SECURITIES
Not applicable.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Company's Certificate of Incorporation provides for
indemnification of directors and officers, among other things, in instances in
which they acted in good faith and in a manner they reasonably believed to be
in, or not opposed to, the best interests of the Company, and in which, with
respect to criminal proceedings, they had no reason to believe that the conduct
was unlawful.
Directors and officers may also be entitled to additional
indemnification under Section 145 of the General Corporation Law of Delaware.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
Item 8. EXHIBITS
<TABLE>
<CAPTION>
NUMBER DESCRIPTION METHOD OF FILING
------ ----------- ----------------
<S> <C> <C>
4.1 Certificate of Incorporation of the Incorporated by reference to the
Company Company's Registration Statement on
Form S-4, No. 333-65685, filed October
14, 1998
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
NUMBER DESCRIPTION METHOD OF FILING
------ ----------- ----------------
<S> <C> <C>
4.2 Bylaws of the Company Incorporated by reference to the
Company's Registration Statement on
Form S-1, No. 33-77488, filed April 7,
1994
4.3 1997 Stock Option Plan, as amended Filed herewith
5.1 Opinion of Hughes Hubbard & Reed LLP Filed herewith
23.1 Consent of Arthur Andersen LLP Filed herewith
23.2 Consent of Hughes Hubbard & Reed LLP Contained in Exhibit 5.1
24.1 Powers of Attorney Filed herewith
</TABLE>
<PAGE>
Item 9. UNDERTAKINGS
(a) The Company 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, represents a fundamental change in the information set
forth in the 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 information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the Company
pursuant to Section 13 or Section 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
<PAGE>
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 Company hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Company's annual
report pursuant to 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 thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company 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 Company of expenses incurred or
paid by a director, officer or controlling person of the Company 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 Company 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.
<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 San Diego, State of California, on this 27th day of
June, 2000.
FACTORY 2-U STORES, INC.
By: /S/ MICHAEL M. SEARLES
-----------------------------
Michael M. Searles
Chairman of the Board
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on this 27th day of June, 2000.
<TABLE>
<CAPTION>
SIGNATURE CAPACITY
<S> <C>
/S/ MICHAEL M. SEARLES President, Chief Executive Officer and
---------------------------------------- Director (Principal Executive Officer)
Michael M. Searles
/S/ DOUGLAS C. FELDERMAN Executive Vice President (Principal
---------------------------------------- Financial and Accounting Officer)
Douglas C. Felderman
/S/ PETER V. HANDAL Director
----------------------------------------
Peter V. Handal
/S/ IRA NEIMARK Director
----------------------------------------
Ira Neimark
/S/ RONALD RASHKOW Director
----------------------------------------
Ronald Rashkow
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SIGNATURE CAPACITY
<S> <C>
/S/ H. WHITNEY WAGNER Director
----------------------------------------
H. Whitney Wagner
/S/ WM. ROBERT WRIGHT II Director
----------------------------------------
Wm. Robert Wright II
</TABLE>
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
NUMBER DESCRIPTION METHOD OF FILING PAGE
------ ----------- ---------------- ----
<S> <C> <C> <C>
4.1 Certificate of Incorporation of Incorporated by reference to the --
the Company Company's Registration Statement
on Form S-4, No. 333-65685, filed
October 14, 1998
4.2 Bylaws of the Company Incorporated by reference to the --
Company's Registration Statement
on Form S-1, No. 33-77488, filed
April 7, 1994
4.3 1997 Stock Option Plan, as Filed herewith 11
amended
5.1 Opinion of Hughes Hubbard & Filed herewith 20
Reed LLP
23.1 Consent of Arthur Andersen LLP Filed herewith 21
23.2 Consent of Hughes Hubbard & Contained in Exhibit 5.1 --
Reed LLP
24.1 Powers of Attorney Filed herewith 22
</TABLE>
