RADIANT SYSTEMS INC
S-1MEF, 1997-07-15
COMPUTER INTEGRATED SYSTEMS DESIGN
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<PAGE>
 
     AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 15, 1997
                                                     REGISTRATION NO. 333-
 
- - -------------------------------------------------------------------------------
- - -------------------------------------------------------------------------------
 
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
 
                               ----------------
 
                                   FORM S-1
                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933
 
                               ----------------
 
                             RADIANT SYSTEMS, INC.
            (Exact name of registrant as specified in its charter)
         GEORGIA                     7373                    11-2749765
     (State or other           (Primary Standard            (IRS Employer
     jurisdiction of              Industrial           Identification Number)
    incorporation or          Classification Code
      organization)                 Number)
 
                              1000 ALDERMAN DRIVE
                           ALPHARETTA, GEORGIA 30202
                                (770) 772-3000
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)
 
                                JOHN H. HEYMAN
                           EXECUTIVE VICE PRESIDENT
                             RADIANT SYSTEMS, INC.
                              1000 ALDERMAN DRIVE
                           ALPHARETTA, GEORGIA 30202
                                (770) 772-3000
(Name, address, including zip code, and telephone number, including area code,
                             of agent for service)
                                  Copies to:
      ARTHUR JAY SCHWARTZ, ESQ.                  WILLIAM H. AVERY, ESQ.
   SMITH, GAMBRELL & RUSSELL, LLP                   ALSTON & BIRD LLP
             SUITE 1800                            ONE ATLANTIC CENTER
      3343 PEACHTREE ROAD, N.E.                1201 WEST PEACHTREE STREET
       ATLANTA, GEORGIA 30326                    ATLANTA, GEORGIA 30309
           (404) 264-2620                            (404) 881-7000
 
  APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as
practicable after the effective date of this Registration Statement.
 
  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, check the following box. [_]
 
  If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [X] 333-30289
 
  If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [_]
 
  If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [_]
                        CALCULATION OF REGISTRATION FEE
 
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<TABLE>
<CAPTION>
       TITLE OF EACH CLASS               PROPOSED MAXIMUM
        OF SECURITIES TO                     AGGREGATE                     AMOUNT OF
          BE REGISTERED                OFFERING PRICE (1)(2)           REGISTRATION FEE
- - ---------------------------------------------------------------------------------------
<S>                                <C>                           <C>
Common Stock, no par value.......           $8,876,570                      $2,690
- - ---------------------------------------------------------------------------------------
</TABLE>
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(1) Includes 48,750 shares that may be sold by the Company upon exercise of
    the Underwriters' over-allotment option.
(2) Estimated solely for the purpose of calculating the registration fee in
    accordance with Rule 457(o) under the Securities Act of 1933, as amended.
 
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<PAGE>
 
                          INCORPORATION BY REFERENCE

        The contents of the Registration Statement on Form S-1, Registration No.
333-30289 are hereby incorporated by reference.

<PAGE>
 
                                  SIGNATURES
 
  Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Alpharetta, Georgia on
July 15, 1997.
 
                                          Radiant Systems, Inc.
 
                                                      /s/ Erez Goren
                                          By: _________________________________
                                             EREZ GOREN, CO-CHAIRMAN AND CHIEF
                                                     EXECUTIVE OFFICER
 
  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.
 
              SIGNATURE                        TITLE                 DATE
 
           /s/ Erez Goren              Co-Chairman of the       July 15, 1997
- - -------------------------------------   Board, President
             EREZ GOREN                 and Chief Executive
                                        Officer
 
                  *                    Co-Chairman of the       July 15, 1997
- - -------------------------------------   Board and Chief
             ALON GOREN                 Technology Officer
 
                  *                    President, Chief         July 15, 1997
- - -------------------------------------   Operating Officer
           ERIC B. HINKLE               and Director
 
         /s/ John H. Heyman            Executive Vice           July 15, 1997
- - -------------------------------------   President, Chief
           JOHN H. HEYMAN               Financial Officer
                                        and Director
 
                  *                    Controller               July 15, 1997
- - -------------------------------------   (Principal
              PAUL ILSE                 Accounting Officer)
 
                  *                    Director                 July 15, 1997
- - -------------------------------------
          JAMES S. BALLOUN
 
                  *                    Director                 July 15, 1997
- - -------------------------------------
            EVAN GROSSMAN
 
         /s/ John H. Heyman
* By: _______________________________
          ATTORNEY-IN-FACT
 
                                     II-5

<PAGE>

                                                                    Exhibit 5.1


          [LETTERHEAD OF SMITH, GAMBRELL & RUSSELL, LLP APPEARS HERE]






                                 July 15, 1997



Board of Directors
Radiant Systems, Inc.
1000 Alderman Drive
Alpharetta, Georgia 30202

                Re:  Radiant Systems, Inc.
                     Registration Statement on Form S-1 under Rule 462(b)
                     373,750 Shares of Common Stock
                     ----------------------------------------------------

Gentlemen:

      We have acted as counsel for Radiant Systems, Inc. (the "Company") in 
connection with the proposed public offering of the shares of its Common Stock 
covered by the above-described Registration Statement.

      In connection therewith, we have examined the following:

      (1)   The Articles of Incorporation of the Company, certified by the 
            Secretary of State of the State of Georgia;

      (2)   The Bylaws of the Company, certified as complete and correct by 
            the Secretary of the Company;

      (3)   The minute book of the Company, certified as correct and complete by
            the Secretary of the Company; and

      (4)   The Registration Statement on Form S-1 filed with the Securities and
            Exchange Commission pursuant to Rule 462(b) under the Securities Act
            of 1933, as amended (the "Registration Statement").



<PAGE>
Board of Directors
Radiant Systems, Inc.
July 15, 1997
Page 2





      Based upon such examination and upon examination of such other instruments
and records as we have deemed necessary, we are of the opinion that:

      (A)  The 151,638 shares of Common Stock covered by the Registration
           Statement to be sold by the Company have been legally authorized and,
           when issued in accordance with the terms described in said
           Registration Statement, will be validly issued, fully paid and
           nonassessable.

      (B)  The 222,112 shares of Common Stock covered by the Registration
           Statement to be sold by the selling shareholders referenced therein
           have been legally authorized by the Company and, when sold in
           accordance with the terms described in said Registration Statement,
           will be validly issued, fully paid and nonassessable.

      We consent to the filing of this opinion as an exhibit to the Registration
Statement and to the reference to this firm under the caption "Legal Matters" in
the Prospectus. In giving this consent, we do not thereby admit that we come 
within the category of persons whose consent is required under Section 7 of the 
Securities Act of 1933, or the rules and regulations of the Securities and 
Exchange Commission thereunder.


                                  Sincerely,

                                  SMITH, GAMBRELL & RUSSELL, LLP

                                  /s/ Robert T. Molinet

                                  Robert T. Molinet

<PAGE>
 
                                                                   EXHIBIT 23.1
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
  As independent public accountants, we hereby consent to the incorporation by
reference in this Registration Statement on Form S-1 for the registration of
3,400,000 shares of Radiant Systems, Inc. common stock of our reports dated
January 15, 1997 and June 20, 1997 with respect to the financial statements of
Radiant Systems, Inc. and Restaurant Management and Controls Systems, Inc.,
respectively, included in the Radiant Systems, Inc. Form S-1 No. 333-30289.
 
                                          /s/ Arthur Andersen LLP
 
Atlanta, Georgia
July 15, 1997
 


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