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As filed with the Securities and Exchange Commission on November 6, 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
INPUT/OUTPUT, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 22-2286646
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
12300 CHARLES E. SELECMAN DRIVE
STAFFORD, TEXAS 77477
(281) 933-3339
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
INPUT/OUTPUT, INC. 2000 LONG-TERM INCENTIVE PLAN
(Full Title of Plan)
C. ROBERT BUNCH, ESQ.
INPUT/OUTPUT, INC.
12300 CHARLES E. SELECMAN DRIVE
STAFFORD, TEXAS 77477
(281) 933-3339
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
With copies to:
HAYNES AND BOONE, L.L.P.
1000 LOUISIANA, SUITE 4300
HOUSTON, TEXAS 77002
ATTN: MARC H. FOLLADORI
(713) 547-2000
CALCULATION OF REGISTRATION FEE
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PROPOSED
MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TITLE OF AMOUNT TO BE OFFERING PRICE AGGREGATE OFFERING REGISTRATION
SECURITIES TO BE REGISTERED REGISTERED(1)(2)(3) PER SHARE(3) PRICE(3) FEE
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<S> <C> <C> <C> <C>
Common Stock, par value $0.01 per share 2,109,275 $8.375 $17,665,178.13 $2,653.20
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(1) Pursuant to Rule 416(c), also registered hereunder is an indeterminate
number of shares of Common Stock issuable as a result of the anti-dilution
provisions of the Input/Output, Inc. 2000 Long-Term Incentive Plan (the
"Plan").
(2) The Company previously filed a Registration Statement on Form S-8 on June
9, 1999 (Registration No. 333-80299) to register shares pursuant to the
Company's 1990 Amended and Restated Stock Option Plan. This earlier Form
S-8 registered 1,500,000 shares. There are currently 909,275 shares
registered for issuance under the 1990 Amended and Restated Stock Option
Plan that have not been issued (the "Unissued Shares"). The Company paid
fees totaling $1,951 to register the Unissued Shares. Pursuant to General
Instruction E to Form S-8 and to Rule 429(b), the Unissued Shares are being
carried forward from such earlier registration statement and, accordingly,
the Company has offset the registration fee to be paid herewith by the fees
that were paid on June 9, 1999. The Company is concurrently filing
Post-Effective Amendment No. 1 to the Registration Statement on Form S-8
which registered the Unissued Shares (Registration No. 333-80299) to
deregister the Unissued Shares.
(3) With respect to the shares registered hereby, the offering price per share,
the aggregate offering price and the registration fee have been calculated
in accordance with paragraphs (c) and (h)(1) of Rule 457 on the basis of
the average high and low sale prices for the Company's Common Stock on
October 31, 2000 as reported on the New York Stock Exchange composite tape
($8.375 per share).
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The contents of the following documents filed by Input/Output, Inc., a
Delaware corporation (the "Company"), with the Securities and Exchange
Commission (the "Commission") are incorporated into this registration statement
(this "Registration Statement") by reference:
(a) The Company's Annual Report, dated August 17, 2000, as filed with the
Commission on Form 10-K, File No. 1-12691, for the fiscal year ended May 31,
2000;
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), since May 31,
2000;
(c) The description of the Company's common stock, par value $0.01 per
share (the "Common Stock"), contained in the Company's Registration Statement on
Form 8-A filed under Section 12(b) of the Exchange Act, dated October 17, 1994;
and
(d) The description of the Company's rights to purchase Series A Preferred
Stock, par value $0.01 per share, contained in the Company's Registration
Statement on Form 8-A filed under Section 12(b) of the Exchange Act, dated
January 27, 1997, as amended by the Company's Amended Registration Statement on
Form 8-A/A-1 filed under Section 12(b) of the Exchange Act, dated May 7, 1999.
All documents filed by the Company with the Commission pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the filing
date of this Registration Statement and 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 such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law permits a corporation
to indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, by reason of the fact
that he is or was a director, officer, employee or agent of the corporation or
is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorney's fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by the person in
connection with such action, suit or proceeding.
In an action brought to obtain a judgment in the corporation's favor,
whether by the corporation itself or derivatively by a stockholder, the
corporation may only indemnify for expenses, including attorney's fees, actually
and reasonably incurred in connection with the defense or settlement of such
action, and the corporation may not indemnify for amounts paid in satisfaction
of a judgment or in settlement of the claim. In any such action, no
indemnification may be paid in respect of any claim, issue or matter as to which
such person shall have been adjudged liable to the corporation except as
otherwise
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approved by the Delaware Court of Chancery or the court in which the claim was
brought. In any other type of proceeding, the indemnification may extend to
judgments, fines and amounts paid in settlement, actually and reasonably
incurred in connection with such other proceeding, as well as to expenses.
The statute does not permit indemnification unless the person seeking
indemnification has acted in good faith and in a manner reasonably believed to
be in, or not opposed to, the best interests of the corporation and, in the case
of criminal actions or proceedings, the person had no reasonable cause to
believe his conduct was unlawful. The statute contains additional limitations
applicable to criminal actions and to actions brought by or in the name of the
corporation. The determination as to whether a person seeking indemnification
has met the required standard of conduct is to be made by the corporation only
as authorized in the specific case upon a determination that indemnification of
such person is proper in the circumstances. The determination as to whether a
person who is a director or officer at the time of such determination has met
the required standard of conduct is to be made (1) by a majority vote of the
disinterested directors, even though less than a quorum, (2) by a committee of
such directors designated by a majority vote of such directors, even though less
than a quorum, (3) if there are no disinterested directors or if the
disinterested directors so direct, by independent legal counsel in a written
opinion, or (4) by the stockholders.
The Company's Bylaws require the Company to indemnify its directors,
officers, employees, and agents to the fullest extent permitted under Delaware
law. The Company's Certificate of Incorporation provides that a director of the
corporation shall not be held personally liable to the corporation or its
shareholders for monetary damages for breach of a director's fiduciary duty of
care, except that a director shall continue to be held personally liable for (i)
breach of the duty of loyalty, (ii) failure to act in good faith, (iii) engaging
in intentional misconduct or knowingly violating a law, (iv) paying a dividend
or approving a stock repurchase which was illegal under Delaware law, or (v)
obtaining an improper personal benefit.
The Company has purchased insurance on behalf of its directors and
officers against certain liabilities that may be asserted against, or incurred
by, such persons in their capacities as directors or officers of the registrant,
or that may arise out of their status as directors or officers of the
registrant, including liabilities under the federal and state securities laws.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
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Exhibit Description
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4.1 Amended and Restated Certificate of Incorporation, filed as Exhibit
3.1 to the Company's Annual Report on Form 10-K for the fiscal year
ended May 31, 1995, is incorporated herein by reference.
4.2 Certificate of Amendment to the Amended and Restated Certificate of
Incorporation, dated October 11, 1996, filed as Exhibit 3.2 to the
Company's Annual Report on Form 10-K for the fiscal year ended May
31, 1997, is incorporated herein by reference.
4.3 Amended and Restated Bylaws, filed as Exhibit 3.2 to the Company's
Annual Report on Form 10-K for the fiscal year ended May 31, 1995,
is incorporated herein by reference.
4.4 Specimen certificate for shares of the Company's common stock, par
value $0.01 per share, filed as Exhibit F to the Company's
Registration Statement on Form 8-A dated October 17, 1994, is
incorporated herein by reference.
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Exhibit Description
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4.5 Rights Agreement, dated as of January 17, 1997, by and between the
Company and Harris Trust and Savings Bank, as Rights Agent,
including exhibits thereto, filed as Exhibit 1 to the Company's
Registration Statement on Form 8-A dated January 27, 1997, is
incorporated herein by reference.
4.6 Form of rights certificate to purchase Series A Preferred Stock, par
value $0.01 per share, filed as Exhibit 3 to the Company's
Registration Statement on Form 8-A dated January 27, 1997, is
incorporated herein by reference.
4.7 The Company's 2000 Long-Term Stock Plan.
5.1 Opinion of Haynes and Boone, L.L.P.
23.1 Consent of KPMG LLP.
23.2 Consent of Haynes and Boone, L.L.P. (included in Exhibit 5.1
opinion).
24.1 Power of Attorney (included on the signature page hereto).
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ITEM 9. UNDERTAKINGS.
A. Undertaking to Update
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 this 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 this
Registration Statement; and
(iii) To include any material information with respect
to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such
information in this 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
with or furnished to the Commission by the registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in this 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.
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(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. Undertaking With Respect to Documents Incorporated by Reference
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 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan's annual report pursuant to 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.
C. Undertaking With Respect to Indemnification
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 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 registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant
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 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 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.
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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 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 Stafford, State of Texas, on November 6, 2000.
INPUT/OUTPUT, INC.
By: /s/ C. Robert Bunch
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C. Robert Bunch
Vice President, Chief Administrative
Officer and Secretary
(Principal Financial and
Accounting Officer)
POWER OF ATTORNEY
Each of the undersigned hereby appoints Timothy J. Probert and C. Robert
Bunch, and each of them (with full power to act alone), as attorney and agents
for the undersigned, with full power of substitution, for and in the name, place
and stead of the undersigned, to sign and file with the Securities and Exchange
Commission under the Securities Act of 1933 any and all amendments and exhibits
to this Registration Statement and any and all applications, instruments and
other documents to be filed with the Securities and Exchange Commission
pertaining to the registration of the securities covered hereby, with full power
and authority to do and perform any and all acts and things whatsoever requisite
or desirable.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on November 6, 2000.
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SIGNATURE TITLE
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/s/ Timothy J. Probert Director, President and Chief Executive Officer
----------------------------------- (Principal Executive Officer)
Timothy J. Probert
/s/ C. Robert Bunch Vice President, Chief Administrative Officer and Secretary
----------------------------------- (Principal Financial and Accounting Officer)
C. Robert Bunch
/s/ James M. Lapeyre, Jr. Director and Chairman of the Board
-----------------------------------
James M. Lapeyre, Jr.
/s/ David C. Baldwin Director
-----------------------------------
David C. Baldwin
----------------------------------- Director
Ernest E. Cook
/s/ Theodore H. Elliott, Jr. Director
-----------------------------------
Theodore H. Elliott, Jr.
/s/ Robert P. Peebler Director
-----------------------------------
Robert P. Peebler
/s/ Sam K. Smith Director
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Sam K. Smith
/s/ William F. Wallace Director
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William F. Wallace
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INDEX TO EXHIBITS
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Exhibit Description
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4.1 Amended and Restated Certificate of Incorporation, filed as Exhibit 3.1
to the Company's Annual Report on Form 10-K for the fiscal year ended
May 31, 1995 and incorporated herein by reference.
4.2 Certificate of Amendment to the Amended and Restated Certificate of
Incorporation, dated October 11, 1996, filed as Exhibit 3.2 to the
Company's Annual Report on Form 10- K for the fiscal year ended May 31,
1997 and incorporated herein by reference.
4.3 Amended and Restated Bylaws, filed as Exhibit 3.2 to the Company's
Annual Report on Form 10-K for the fiscal year ended May 31, 1995, is
incorporated herein by reference.
4.4 Specimen certificate for shares of the Company's common stock, par
value $0.01 per share, filed as Exhibit F to the Company's Registration
Statement on Form 8-A dated October 17, 1994, is incorporated herein by
reference.
4.5 Rights Agreement, dated as of January 17, 1997, by and between the
Company and Harris Trust and Savings Bank, as Rights Agent, including
exhibits thereto, filed as Exhibit 1 to the Company's Registration
Statement on Form 8-A dated January 27, 1997, is incorporated herein by
reference.
4.6 Form of rights certificate to purchase Series A Preferred Stock, par
value $0.01 per share, filed as Exhibit 3 to the Company's Registration
Statement on Form 8-A dated January 27, 1997, is incorporated herein by
reference.
4.7 The Company's 2000 Long-Term Incentive Plan.
5.1 Opinion of Haynes and Boone, L.L.P.
23.1 Consent of KPMG LLP.
23.2 Consent of Haynes and Boone, L.L.P. (included in Exhibit 5.1 opinion).
24.1 Power of Attorney (included on the signature page hereto).
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