<PAGE> 1
As filed with the Securities and Exchange Commission on January 22, 1996
Registration No. 33- ____________
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
__________
URANIUM RESOURCES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 75-2212772
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
12750 MERIT DRIVE, SUITE 1020, DALLAS, TEXAS 75251
--------------------------------------------------
(Address of Principal Executive Offices)(Zip Code)
__________
AMENDED AND RESTATED EMPLOYEES' STOCK OPTION PLAN
(Full title of the plan)
__________
PAUL K. WILLMOTT
CHAIRMAN, CHIEF EXECUTIVE OFFICER AND PRESIDENT
URANIUM RESOURCES, INC.
12750 MERIT DRIVE, SUITE 1020
DALLAS, TEXAS 75251
TELEPHONE: (214) 387-7777
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
COPY TO:
ALFRED C. CHIDESTER THOMAS H. EHRLICH
BAKER & HOSTETLER URANIUM RESOURCES, INC.
303 EAST 17TH AVENUE, SUITE 1100 12750 MERIT DRIVE, SUITE 1020
DENVER, COLORADO 80203 DALLAS, TEXAS 75251
(303) 764-4091 (214) 387-7777
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Title of securities Amount to be Proposed maximum Proposed maximum Amount of
to be registered registered price per share(1) aggregate offering price(1) registration fee(2)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, par value
$0.001 per share 225,000 $6.0375 $1,358,437.50 $469
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Calculated pursuant to Rule 457(h), based on an assumed exercise price
of $6.0375 per share, which represents the average of the high and low
prices of such securities reported in the consolidated reporting
system on January 16, 1996.
(2) Registration fee is calculated on the basis of 1/29 of 1% of the
proposed maximum aggregate offering price of $1,358,437.50.
<PAGE> 2
INFORMATION INCORPORATED BY REFERENCE
1. Uranium Resources, Inc. (the "Registrant") has previously
filed two Registration Statements on Form S-8 (individually referred to herein
as "Registration Statement") with the Securities and Exchange Commission
relating to the Amended and Restated Employees' Stock Option Plan (the "Plan")
as follows:
(a) Registration Statement--File No. 33-30099 was
filed on or about July 21, 1989, and covered the 562,500 shares of the
Registrant's Common Stock (gives effect to a one-for-four reverse
stock split effected on August 1, 1990) initially authorized for
issuance under the Plan. Post Effective Amendment No. 1 to that
Registration Statement was filed on or about September 17, 1990, in
order to include a reoffer prospectus for control securities; and
(b) Registration Statement--File No. 33-36777 was
filed on or about September 17, 1990, and covered an additional 62,500
shares of the Registrant's Common Stock authorized for issuance under
the Plan pursuant to an amendment thereto effective September 14,
1990.
2. This Registration Statement relates to an additional 225,000
shares of Common Stock authorized for issuance under the Plan pursuant to a
further amendment thereto effective August 10, 1994.
<PAGE> 3
SIGNATURES
THE REGISTRANT
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 Dallas, State of Texas, on the 22nd day of
January, 1996.
URANIUM RESOURCES, INC.
By: /s/ Paul K. Willmott
----------------------------------------
Paul K. Willmott
Chairman, Chief Executive Officer
and President
Pursuant to the requirements of the Securities Act of 1933,
this Registration Statement on Form S-8 has been signed by the following
persons in the capacities and as of the date indicated.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ Paul K. Willmott Chairman of the Board, Chief Executive January 22, 1996
------------------------------------------- Officer and President
Paul K. Willmott (Principal Executive Officer)
/s/ Leland O. Erdahl Director January 22, 1996
-------------------------------------------
Leland O. Erdahl
/s/ George R. Ireland Director January 22, 1996
-------------------------------------------
George R. Ireland
/s/ James B. Tompkins Director January 22, 1996
-------------------------------------------
James B. Tompkins
/s/ Thomas H. Ehrlich Vice President and Chief Financial January 22, 1996
------------------------------------------- Officer (Principal Financial Officer
Thomas H. Ehrlich and Principal Accounting Officer)
</TABLE>
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Sequentially
Number Description Numbered Page
------- ----------- -------------
<S> <C>
4.1 Amended and Restated Employees' Stock Option Plan
4.2 Article 4 of the Certificate of Incorporation of the Registrant
5.1 Opinion of Baker & Hostetler.
23.1 Consent of Arthur Andersen LLP.
23.2 Consent of Baker & Hostetler - included in Exhibit 5.1.
</TABLE>
<PAGE> 1
EXHIBIT 4.1
<PAGE> 2
URANIUM RESOURCES, INC.
EMPLOYEES' STOCK OPTION PLAN
(As Amended and Restated Effective August 10, 1994)
1. Purpose. The Uranium Resources, Inc. Employees'
Stock Option Plan (as Amended and Restated Effective August 10, 1994) (the
"Plan") is intended to advance the best interests of Uranium Resources, Inc. ,
a Delaware corporation (the "Company"), by providing employees who have a
substantial responsibility for the Company's management and growth with
additional incentive by increasing their proprietary interest in the success of
the Company, thereby encouraging them to remain in its employ.
2. Administration. The Plan shall be administered by a
committee (the "Committee") appointed by the Board of Directors of the Company
(the "Board"). The Committee shall consist of at least two directors of the
Company, each of whom is a "disinterested person" as defined by Rule 16b-3
promulgated under the Securities Exchange Act of 1934. The Board may from time
to time remove directors from, or add directors to, the Committee. Vacancies
on the Committee shall be filled by the Board. The Committee shall select one
of its members as Chairman, and shall hold meetings at such times and places as
it may determine. Subject to the provisions of the Plan, the Committee shall
have complete powers respecting the Plan, including but not limited to
authority to determine to whom and when to grant options under the Plan (the
"Options") and the number of shares covered by each Option, to interpret the
Plan and to prescribe, amend and rescind rules and regulations relating to the
Plan. All questions of interpretation and application of the Plan, or
pertaining to any Option granted hereunder, shall be subject to determination
by a majority of the Committee, which determination shall be final and binding
upon all parties.
3. Option Shares. The stock subject to the Options
shall be shares of the Company's common stock, $.001 par value per share (the
"Common Stock"). The total amount of the Common Stock with respect to which
Options may be granted shall not exceed in the aggregate 850,000 shares;
provided, that the aggregate number of shares shall be subject to adjustment in
accordance with the provisions of Paragraph 14 hereof. Such shares may be
treasury shares or authorized but unissued shares. In the event that any
outstanding Option for any reason shall expire or terminate by reason of the
death or severance of employment of the optionee, the surrender of any such
Option or any other cause, the shares of Common Stock allocable to the
unexercised portion of such Option may again be subject to an Option under the
Plan.
4. Eligibility. The individuals who shall be eligible
to participate in the Plan shall be such officers and other key employees
(including officers and employees who may be members of the Board) of the
Company, or of any corporation in which the Company owns, directly or
indirectly, stock possessing fifty percent or more of the total combined voting
power of all classes of stock, as the Committee shall determine from time to
time.
5. Option Price and Number of Shares. The price at
which shares may be purchased pursuant to Options shall be not less than 100%
of the fair market value of the
<PAGE> 3
shares of Common Stock on the date that Option is granted. For purposes of
this Paragraph 5, "fair market value" shall mean:
(a) if the Common Stock is reported on any
officially recognized U.S. exchange or over the counter market
on that date, as follows (i) either the closing price of a
share of Common Stock on that date as reported on such
exchange or over the counter market, or (ii) where last sale
trade reporting on the Common Stock is not available, the
average of the bid and asked prices of a share of Common Stock
on that date as reported on such exchange or over the counter
market;
(b) if no share of Common Stock were traded on
any officially recognized U.S. exchange or over the counter
market on that date or if, in the discretion of the Board,
another means of determining the fair market value of a share
of Common Stock at such date shall be necessary in order to
comply with or conform to the requirements of any applicable
law, governmental regulation or ruling of the Internal Revenue
Service or the Securities and Exchange Commission, the
Committee may provide for another means for determining fair
market value.
Subject only to any applicable limitations set forth in the
Plan, the number of shares of Common Stock to be covered by any Option shall be
as determined by the Committee; provided, that the aggregate number of shares
issued to any one person pursuant to the exercise of Options granted hereunder
shall not in any event exceed five percent (5%) of the total number of shares
of Common Stock then issued and outstanding. The Options granted hereunder
shall not be "incentive stock options" within the meaning of Section 422A of
the Internal Revenue Code of 1986, as amended (the "Code").
6. Duration of Options. No Option shall be granted
hereunder after January 15, 2002. No Option shall be exercisable prior to the
date that is one year after its date of grant. Thereafter, for the one-year
period that commences on the date that is one year after its date of grant, it
shall be exercisable with respect to not more than 25% of the shares subject
thereto; for the one-year period that commences on the date that is two years
after its date of grant, it shall be exercisable with respect to not more than
50% of the shares subject thereto; for the one-year period that commences on
the date that is three years after its date of grant, it shall be exercisable
with respect to not more than 75% of the shares subject thereto; and commencing
on the date that is four years after its date of grant and ending on the date
that is one day less than ten years after its date of grant, it shall be
exercisable with respect to 100% of the shares subject thereto. No Option
shall be exercisable on or after ten years after its date of grant.
7. Exercise of Options. Options shall be exercised by
the delivery of written notice to the Company setting forth the number of
shares of Common Stock with respect to which the Option is to exercised and the
address to which the certificates representing the shares of Common Stock
issuable upon the exercise of such Option shall be mailed. In order to be
effective, such written notice shall be accompanied at the time of its delivery
to the Company by payment by certified check payable to the Company of the
option
<PAGE> 4
price of such shares of Common Stock. In addition, the Committee may request
that there be presented to and filed with it such evidence as it may deem
necessary to establish that the shares of Common Stock to be purchased are
being acquired for investment and not with a view to their distribution or
resale, except such resale as may be in accordance with applicable securities
laws, and the Company may place a legend to such effect on each certificate
evidencing such shares in such form as the Company upon advice of counsel may
specify. Also, the Committee may require an additional amount payable in the
form stated above equal to any federal, state or local taxes which the
Committee, with the advice of legal counsel, deems necessary or appropriate to
be withheld in connection with the exercise of an Option hereunder. To the
extent that shares of Common Stock subject to Options granted under the Plan
are registered under the Securities Act of 1933, as now in effect or
hereinafter amended (the "Securities Act"), any investment representation
required by the Committee shall be waived upon the date such registration is
effective.
As promptly as practicable after the receipt by the Company of
(i) such written notice from the optionee setting forth the number of shares of
Common Stock with respect to which such Option is to be exercised, (ii) payment
of the Option exercise price for such shares in the form required by the
foregoing provisions of this Paragraph 7, (iii) such evidence of intent to
acquire such Common Stock for investment as may be required by the Committee
and (iv) an amount equal to any federal, state or local taxes which the
Committee deems necessary to appropriate to be withheld incident to the
exercise of an Option hereunder, the Company shall cause to be delivered to
such optionee certificates representing the number of shares of Common Stock
with respect to which such Option has been so exercised.
8. Transferability of Options. Options shall not be
transferable by the optionee otherwise than by will or under the laws of
descent and distribution or pursuant to a qualified domestic relations order as
defined by the Code of Title 1 of the Employee Retirement Income Security Act
or the rules thereunder. Options shall be exercisable during an optionee's
lifetime only by him or by his guardian or legal representative.
9. Termination of Employment or Death of an Optionee.
Any Option granted under the Plan shall terminate and be of no further force
and effect on the 30th day after the optionee holding such Option shall cease
to be an employee of the Company except that, in the event that such optionee
is discharged from the employment of the Company for cause, any such option
shall terminate and be of no further force and effect at the time of such
discharge. If an optionee should die before the expiration of any Option
granted to him hereunder, such Option shall be exercisable for a period of one
year after the date of his death by his heirs or legal representative to the
same extent it was exercisable by the optionee on the date of his death.
10. Requirements of Law. The Company shall not be
required to sell or issue any shares of Common Stock under any Option if the
issuance of such shares shall constitute a violation by the optionee or the
Company of any provision of any applicable statute or regulation of any
governmental authority. Specifically in connection with the Securities Act,
upon exercise of any Option, unless a registration statement under the
Securities Act is in effect with respect to the shares of Common Stock covered
by such
<PAGE> 5
Option, the Company shall not be required to issue such shares unless the
Committee has received evidence satisfactory to it to the effect that the
holder of such Option is acquiring such shares for investment and not with a
view to the distribution or resale thereof and that such shares may otherwise
be issued without registration under the Securities Act or state securities
laws. Any determination in this connection by the Committee shall be final,
binding and conclusive. The Company may, but shall in no event be obligated
to, register any securities covered hereby pursuant to the Securities Act. The
Company shall not be obligated to take any other affirmation action in order to
cause the exercise of an Option or the issuance of shares pursuant thereto to
comply with any law or regulation of any governmental authority.
11. No Rights as Stockholder. No optionee shall have
rights as a stockholder with respect to shares covered by his Option until the
date of issuance of a stock certificate for such shares; and no adjustment for
dividends, or otherwise, shall be made if the record date therefor is prior to
the date of issuance of such certificate.
12. No Employment Obligation. The granting of any Option
shall not impose upon the Company any obligation to employ or continue to
employ any optionee; and the right of the Company to terminate the employment
of an officer or other employee shall not be diminished or affected by reason
of the fact that an Option has been granted to him. The granting of an Option
shall not impose on any optionee any obligation to acquire and pay for any of
the shares covered by such Option.
13. Exchange Approval. If required by any exchange on
which the Common Stock is listed, the grant of any Option hereunder shall be
subject to the approval of such exchange and, if such approval is not obtained
in a timely manner as set forth in the stock option agreement related thereto,
such Option shall lapse and be null and void.
14. Changes in the Company's Capital Structure.
The existence of outstanding Options shall not affect in any way the right or
power of the Company or its stockholders to make or authorize any or all
adjustments, recapitalizations, reorganizations or other changes in the
Company's capital structure or its business, or any merger or consolidation of
the Company, or any issue of bonds, debentures, or preferred stock ahead of or
affecting the Common Stock or the rights thereof, or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise.
If the Company shall effect a subdivision or consolidation of
shares or other capital readjustment, the payment of a stock dividend, or other
increase or reduction of the number of shares of Common Stock outstanding,
without receiving full compensation therefor in money, services or property,
then (i) the number, class, and per share price of shares of Common Stock
subject to outstanding Options hereunder shall be appropriately adjusted in
such a manner as to entitle an optionee to receive upon exercise of an Option,
for the same aggregate cash consideration, the same total number and class of
shares as he would have received had he exercised his Option in full
immediately prior to the event requiring the adjustment; and (ii) the number
and class or shares then reserved for issuance under the Plan shall be adjusted
by substituting for the total number and class of
<PAGE> 6
shares of Common Stock then reserving that number and class of shares that
would have been received by the owner of an equal number of outstanding shares
of Common Stock as the result of the event requiring the adjustment.
After a merger of one or more corporation into the Company,
each holder of an outstanding Option shall, at no additional cost, be entitled
upon exercise of such Option to receive (subject to any required action by
stockholders) in addition to or in lieu of the number and class of shares as to
which such Option shall then be so exercisable, the number and class of shares
of stock or other securities to which such holder would have been entitles
pursuant to the terms of the agreement of merger if, immediately prior to such
merger, such holder of record of the number of shares of Common Stock as to
which such Option was then exercisable.
If the Company is merged into or consolidated with another
corporation under circumstance where the Company is not the surviving
corporation, or if the Company is liquidated, or sells or otherwise disposes
of substantially all its assets to another corporation while unexercised
Options remain outstanding under the Plan, (i) subject to the provisions of
clause (iii) below, after the effective date of such merger, consolidation or
sale, as the case may be, each holder of an outstanding Option shall be
entitled, upon exercise of such Option, to receive, in lieu of shares of Common
Stock, shares of such stock or other securities as the holders of shares of
Common Stock receive pursuant to the terms of the merger, consolidation or
sale; (ii) the Board may waive any limitations set forth in or imposed pursuant
to Paragraph 6 hereof so that all Options, from and after a date prior to the
effective date of such merger, consolidation, liquidation or sale, as the case
may be, specified by the Board, shall be exercisable in full; and (iii) all
outstanding Options may be canceled by the Board as of the effective date of
any such merger, consolidation, liquidation or sale provided that (x) notice of
such cancellation shall be given to each holder of an Option and (y) each
holder of an Option shall have the right to exercise such Option in full
(without regard to any limitations set forth in or imposed pursuant to
Paragraph 6 hereof) during a 30-day period preceding the effective date of such
merger, consolidation, liquidation or sale.
Except as hereinbefore expressly provided, the issue by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, for case, property, or services, either upon direct sale
or upon the exercise of rights or warrants to subscribe therefor, or upon
conversion of shares or obligations of the Company convertible into such shares
of other securities, shall not affect, and no adjustment by reason thereof
shall be made with respect to, the number, class or price of shares of Common
Stock then subject to outstanding Options.
15. Amendment of Plan. The Board may, insofar as
permitted by law, from time to time, with respect to any shares of Common Stock
at the time not subject to Options, suspend or discontinue the Plan or revise
or amend it in any respect whatsoever; provided, that except for adjustments
made pursuant to Paragraph 14 hereof no such revision or amendment, if effected
without the approval of the Company's stockholders, shall; (i) materially
increase the benefits accruing to participants under the Plan; (ii)
<PAGE> 7
materially increase the number of shares that may be issued under the Plan; or
(iii) modify the requirements as to eligibility for participation in the Plan.
16. Modification, Extension and Renewal of Options.
Within the limitations of the Plan, the Committee may modify, extend or renew
outstanding Options or may accept the cancellation of outstanding Options (to
the extent not previously exercised) in exchange for the granting of new
options in substitution therefor. Notwithstanding the foregoing, no
modification of an Option shall, without the consent of the optionee, alter or
impair his rights or obligations under such Option.
17. Written Agreement. Each Option granted hereunder
shall be embodied in a written option agreement, which shall be subject to the
terms and conditions prescribed above and shall be signed by the optionee and
by the President or any Vice President of the Company for and in the name and
on behalf of the Company.
18. Effective Date of Plan. The Plan, as amended and
restated, shall be deemed to have been adopted on August 10, 1994, if on or
prior to December 31, 1994, it shall have been approved by the holders of a
majority of the outstanding shares of Common Stock present, either in person or
by proxy, at a duly constituted meeting of the holders of Common Stock.
IN WITNESS WHEREOF, this Plan is executed this 10th day of August 1994.
URANIUM RESOURCES, INC.
/S/ Wallace M. Mays, President
---------------------------------------
Wallace M. Mays, President
ATTEST:
/S/ Thomas H. Ehrlich, Secretary
- -----------------------------------------
Thomas H. Ehrlich, Secretary
<PAGE> 1
EXHIBIT 4.2
<PAGE> 2
CERTIFICATE OF INCORPORATION
OF
URANIUM RESOURCES, INC.
ARTICLE 4
The aggregate number of shares which the corporation has authority to
issue is Twelve Million Five Hundred Thousand (12,500,000) shares, $0.001 par
value per share. The shares are designated as common stock and have identical
rights and privileges in every respect.
The holders of the stock of the corporation shall have no preemptive
rights to subscribe for any securities of the corporation.
<PAGE> 1
EXHIBIT 5.1
<PAGE> 2
EXHIBIT 5.1
January 22, 1996
Uranium Resources, Inc.
12750 Merit Drive, Suite 1020
Lock Box 12
Dallas, TX 75251
Gentlemen:
We have acted as counsel for Uranium Resources, Inc. (the "Company")
in connection with the registration under the Securities Act of 1933 (the
"Act") on Form S-8 of 225,000 shares of the Company's Common Stock, $0.001 Par
Value (the "Shares") covered by the Uranium Resources, Inc. Amended and
Restated Employees' Stock Option Plan (the "Plan"). The Registration Statement
on Form S-8 and exhibits thereto filed with the Securities and Exchange
Commission under the Act are referred to herein as the "Registration
Statement."
We have examined the Certificate of Incorporation of the Company, the
Bylaws of the Company, the Minutes of the Board of Directors and Resolutions of
Shareholders of the Company regarding various amendments to the Plan, the
applicable laws of the State of Delaware and a copy of the Registration
Statement.
Based on the foregoing, and having regard for such legal
considerations as we deem relevant, we are of the opinion that the Company is
authorized to issue and to sell the Shares; and the Shares, when issued
pursuant to the terms of the Plan will be validly issued, fully paid and
nonassessable.
We hereby consent to the use of this opinion as a part of the
Registration Statement.
Very truly yours,
BAKER & HOSTETLER
<PAGE> 1
EXHIBIT 23.1
<PAGE> 2
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accounts, we hereby consent to the use of our
report (and to all references to our firm) included in or made a part of this
registration statement.
/s/ Arthur Andersen LLP
Denver, Colorado
January 22, 1996
