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FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CHEQUEMATE INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Utah 76-0279816
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(State or other jurisdiction (I.R.S. Employer
or incorporation) Identification No.)
330 Washington Blvd, Suite 507
Marina del Rey, California 90292
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(Address of principal executive offices) (Zip Code)
First Year 2000 General Consultants Stock Compensation Plan
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(Full Title of the Plan)
Guy DeHart
210 North Mall Drive, #126
St. George, Utah
(Name and address of agent for service)
(435) 628-6786
(Telephone Number, including area code, of agent for services)
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CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Title of Securities Amount to be Proposed maximum Proposed Amount of
to be registered registered offering price per maximum Registration
unit Fee
aggregate
offering price
<S> <C> <C> <C> <C>
Common Stock 300,000 $10-3/8 $3,112,500 $821.70
</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act of 1933, as amended. This
estimated amount is the closing price as of March 28, 2000 (which is within 5
business days prior to the date of the filing of this registration statement).
PART I
INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS
The document or documents containing the information specified in Part I
are not required to be filed with the Securities and Exchange Commission ("SEC")
as part of the S-8 Registration Statement. Information required to be given to
Plan Participants is separately delivered in accordance with the requirements of
Form S-8 and is not included or set out under this item. The written
compensation contracts or option grants provide for the registration of shares
as acquired under the agreements.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
Chequemate International, inc., doing business as C-3D Digital, Inc.
("C-3D") is subject to the informational requirements of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and in accordance therewith files
quarterly, annual and periodic reports and other information with the Securities
& Exchange Commission ("Commission"). The Registration Statement, such reports
and other information may be inspected and copies may be obtained, at prescribed
rates, at the Commission's Public Reference Section, Judiciary Plaza, 450 Fifth
Street, NW, Washington, D.C. 20549, as well as the following regional offices: 7
World Trade Center, New York, New York 10048 and 500 West Madison Street, Suite
1400, Chicago, Illinois 60661. The Commission maintains a Website that contains
reports and other information regarding reporting companies under the Exchange
Act, including C-3D, at http://www.sec.gov.
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The following documents have been filed by C-3D with the Commission and are
hereby incorporated by reference into this prospectus:
- C-3D's Annual Report filed July 15, 1999 for the fiscal year ended
March 31, 1999;
- C-3D's Form 8-A registration statement filed May 27, 1999, and the
description of the securities of C-3D contained in the Form 8-A;
- C-3D's Amended Annual Report filed on Form 10-KSB on January 13, 2000
for the fiscal year ended March 31, 1999;
- C-3D's Quarterly Report filed August 19, 1999 on Form 10-QSB for the
three months ended June 30, 1999;
- C-3D's amended Quarterly Report filed July 9, 1999 on Form 10-QSB for
the three months ended June 30, 1999;
- C-3D's Quarterly Report filed November 15, 1999 on Form 10-QSB for the
six months ended September 30, 1999;
- C-3D's Amended Quarterly Report filed on December 18, 1999 for the
quarter ended September 30, 1999;
- C-3D's Amended Quarterly Report filed January 18, 2000 on Form 10-QSB
for the quarter ended June 30, 1999;
- C-3D's Amended Quarterly Report filed February 3, 2000 on Form 10-QSB
for the quarter ended September 30, 1999;
- C-3D's Quarterly Report filed February 14, 2000 on Form 10-QSB for the
three months ended December 31, 1999;
- C-3D's Second Amended Quarterly Report filed March 2, 2000 on Form
10-QSB for the quarterly period ended June 30, 1999;
- C-3D's Form 8-K report filed on April 14, 1999 relating to the
acquisition of secured interests in the Strata technology and other
matters; and
- C-3D's Form 8-K report filed on July 22, 1999 regarding certain
changes in management of C-3D and the acquisition of certain hotel
pay-per-view assets and contracts.
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All other documents and reports filed pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act subsequent to the date of this prospectus and prior to
the termination of this offering shall be deemed to be incorporated by reference
in this prospectus and to be made a part hereof from the date of the filing of
such reports and 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 prospectus to the extent that a statement contained herein or in any
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 prospectus.
C-3D will provide without charge to each person to whom a copy of this
prospectus is delivered, upon the written or oral request of such person, a copy
of any or all documents which are incorporated herein by reference (not
including exhibits to such documents, unless such exhibits are specifically
incorporated by reference in the document which this prospectus incorporates).
Requests should be directed to Mr. Brad Stolba, Comptroller, at C-3D's principal
executive offices located at 330 Washington Boulevard, Suite 507; Marina del
Rey, California 90292; telephone numbers (310) 306-6666.
ITEM 4. DESCRIPTION OF SECURITIES
The total number of securities registered hereunder are Three Hundred Thousand
(300,000) shares, all of which are common stock of C-3D. C-3D is presently
authorized to issue 500,000,000 shares of its Common Stock. As of March 9, 2000,
there were 6,697,747 outstanding and subscribed for shares. The holders of
common stock are entitled to one vote per share on each matter submitted to a
vote at any meeting of shareholders. Shareholders of the C-3D have no preemptive
rights to acquire additional shares of common stock or other securities. The
common stock is not subject to redemption and carries no subscription or
conversion rights. In the event of liquidation of C-3D, the shares of common
stock are entitled to share equally in corporate assets after satisfaction of
all liabilities. The shares, when issued, will be fully paid and non-assessable.
The holders of ten percent (10%) of the issued and outstanding shares may call a
special meeting of the stockholders, and a majority of all issued and
outstanding shares shall constitute a quorum for conducting business. The
majority of shares present, in any regular or special meeting where a quorum is
present, may vote in favor of or against any item of business or election, and
shall constitute a majority approval or disapproval of matters voted upon at any
such meeting. Shares of common stock do not carry cumulative voting rights and,
therefore, a majority of the outstanding shares of common stock will be able to
elect the entire Board of Directors. If they do so, minority shareholders would
not be able to elect any members to the Board of Directors. There are no
dividend rights attached to the shares. C-3D presently does not pay any
dividends and has no foreseeable plan to pay dividends. There are no special
preemptive rights or rights upon liquidation, other than the normal rights and
priorities which would attach to shares in liquidation pursuant to Utah State
Law. The shares are not subject to call, liability or assessment.
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ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
None.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Officers and directors of C-3D are subject to indemnification for ordinary
and customary acts taken on behalf of the corporation to the maximum extent
permitted under Utah law. In essential terms this provides that any errors of
judgement, or act or omission not resulting from gross abuse or misfeasance are
to be fully indemnified by C-3D. Utah law also provides immunity from suit to
officers and directors for acts or transactions completed by them in the normal
and customary course of the business and when they are free of any adverse
interest.
Insofar as indemnification for liabilities arising under the Securities Act
of 1933, as amended, may be permitted to directors, officers and controlling
persons of C-3D pursuant to the foregoing provisions, or otherwise, C-3D 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 C-3D of expenses incurred or paid by
a director, officer or controlling person of C-3D 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, C-3D
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 Act and will be governed by the final adjudication of such
issue.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
No securities being issued pursuant to this registration statement are
being reoffered or resold through the registration. All securities offered
hereunder are originally issued by C-3D. Shares received pursuant to the
consulting agreements are believed to be registered pursuant to the provisions
of this Form S-8 registration.
ITEM 8. EXHIBITS.
5.1 Opinion of The Law Offices of Davis & Associates, Inc.
23.1 Consent of Jones, Jensen & Company
23.2 Consent of The Law Offices of Davis & Associates, Inc. (included in
Exhibit 5.1).
24.1 Powers of Attorney (included in this Registration Statement).
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ITEM 9. UNDERTAKINGS.
C-3D hereby undertakes:
(a) During any period in which offers or sales are being made pursuant to
this registration or pursuant to a post-effective amendment to this registration
statement, to include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or of any
material change to such information in the registration statement.
(b) 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 herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c) 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.
(d) That, for purposes of determining any liability under the Securities
Act of 1933, each filing of C-3D'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 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.
(e) That, insofar as indemnification for liabilities arising under the
Securities Act of 1933, as amended, may be permitted to directors, officers and
controlling persons of C-3D pursuant to the foregoing provisions, or otherwise,
C-3D 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, against such liabilities (other than the payment by C-3D of the 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, C-3D 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.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, C-3D certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing a Form S-8 and has duly caused this registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized on March 9,
2000.
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CHEQUEMATE INTERNATIONAL, INC.
dba C-3D DIGITAL, INC.
By /s/ J. Michael Heil
------------------------
J. Michael Heil
Its: CEO
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 date indicated.
/s/ J. Michael Heil March 9, 2000
- ----------------------------------------
J. Michael Heil, Chairman of the Board,
and Chief Executive and Financial Officer
/s/ J. Michael Heil March 9, 2000
- ----------------------------------------
John Bartholomew, Director, by
J. Michael Heil, as Attorney-in-Fact
/s/ J. Michael Heil March 9, 2000
- ----------------------------------------
Hal Glick, Director, by J. Michael Heil
as Attorney-in-Fact
/s/ J. Michael Heil March 9, 2000
- ----------------------------------------
Andre Peterson, Director, by J. Michael
Heil as Attorney-in-Fact
/s/ Daniel R. Tompson March 9, 2000
- ----------------------------------------
Daniel R. Tompson, Director
/s/ Robert E. Warfield March 9, 2000
- ----------------------------------------
Robert E. Warfield, Director
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EXHIBIT 5.1
March 9, 2000
Chequemate International
330 Washington Boulevard, Suite 507
Marina del Rey, California 90292
Re: Issuance of Chequemate International Shares
Pursuant to Consulting Contracts
To Whom It May Concern:
We have acted as counsel for Chequemate International, Inc., a Utah
corporation doing business as C-3D Digital, Inc. (the "Company") in conjunction
with the preparation of a Form S-8 registration statement (the "Registration
Statement") to be filed by the Company with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the "Securities Act"),
relating to up to 300,000 shares of the Company's common stock, $0.0001 par
value (the "Common Stock"), to be issued pursuant to certain consulting
agreements. For the purpose of the Form S-8 registration, the consulting
agreements are referred to as the "Plan".
We have examined: (i) the Plan; (ii) the Form S-8 registration statement;
(iii) resolutions of the Company's Board of Directors relating to the Plan; and
(iv) such other documents and records as we have deemed necessary to enable us
to render this opinion.
Based upon the foregoing, we are of the opinion that:
1. The Company is a corporation validly existing under the laws of the
State of Utah.
2. The Common Stock, when issued and paid for in the manner set forth in
the Plan, will be validly issued, fully paid and nonassessable, and no
personal liability will attach to the ownership thereof.
We consent to the use of this opinion as an exhibit to the registration
statement. In giving our consent, we do not admit that we are "experts" within
the meaning of Section 11 of the Securities Act or within the category of
persons whose consent is required by Section 7 of said Act.
/s/ The Law Offices of Davis & Associates, Inc.
THE LAW OFFICES OF DAVIS & ASSOCIATES, INC.
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EXHIBIT 23.1
March 31, 2000
CONSENT OF JONES, JENSEN & CO. INDEPENDENT AUDITOR
We consent to the incorporation by reference in the Registration Statement on
Form S-8 pertaining to the First Year 2000 General Consultants Stock
Compensation Plan, of our report dated June 30, 1999, with respect to the
consolidated financial statements and schedules of Chequemate International,
Inc. included in its Annual Report on Form 10-KSB/A for the year ended March 31,
1999, filed with the Securities and Exchange Commission.
/s/ Jones, Jensen & Company
JONES, JENSEN & COMPANY
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EXHIBIT 24.1
POWER OF ATTORNEY
Each person whose individual signature appears below hereby authorizes and
appoints J. Michael Heil and Brad Stolba as attorneys-in-fact with full power of
substitution, to execute in the name and on the behalf of each person,
individually and in each capacity stated below, and to file, any and all
amendments to that certain Form S-8 Registration Statement, filed by Chequemate
International, Inc., with respect to its First Year 2000 General Consultants
Stock Compensation Plan, including any and all post-effective amendments.
Signature Title Date
/s/ J. Michael Heil Chief Executive and March 9, 2000
- ------------------------ Financial Officer
J. Michael Heil
/s/ John Bartholomew Director March 9, 2000
- ------------------------
John Bartholomew
/s/ Hal Glick Director March 9, 2000
- ------------------------
Hal Glick
/s/ Andre Peterson Director March 9, 2000
- ------------------------
Andre Peterson
/s/ Daniel R. Tompson Director March 9, 2000
- ------------------------
Daniel R. Tompson
/s/ Robert E. Warfield Director March 9, 2000
- ------------------------
Robert E. Warfield
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