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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
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WHAT'S FOR FREE TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Nevada
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(State of Incorporation)
87-0485320
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(I.R.S. Employer Identification No.)
7418 East Helm Drive,
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Scottsdale, Arizona 85260
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(Address of Principal Executive Offices) (Zip Code)
WHAT'S FOR FREE TECHNOLOGIES, INC. 2000 STOCK INCENTIVE PLAN
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(Full Title of the Plan)
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Copy to:
Incorp. Services, Inc. David J. Levenson, Esq.
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3675 Pecos-McLeod, Suite 1400 Jeffrey L. Harvey, Esq.
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Las Vegas, Nevada 89121-3881 Mays & Valentine, L.L.P.
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(Name and Address of Agent for Service) Suite 600, Tysons Corner
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McLean, Virginia 22102
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(702) 266-2500
(Telephone number, including area
code, of agent for service)
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CALCULATION OF REGISTRATION FEE
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Proposed Proposed
Maximum Maximum
Title of Securities Amount to be Offering Price Aggregate Amount of
to be Registered Registered Per Share(1) Offering Price(1) Registration Fee
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<S> <C> <C> <C> <C>
Common Stock
$.001 par value 5,000,000 $ 1.188 $5,940,000 $ 1558.00
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(1) Estimated solely for the purpose of calculating the registration
fee pursuant to Rule 457(c) and (h) under the Securities Act of 1933. As the
registrant's common stock currently trades on the
Over-The-Counter-Bulletin-Board ("OTCBB"), the proposed maximum offering price
per share of $1.188 was based on average of the bid and asked price as of
September 14, 2000.
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PART I
INFORMATION REQUESTED IN THE PROSPECTUS
Item 1. Plan Information.
The registrant, What's For Free Technologies, Inc., will send or give
the documents containing the information specified in this Item 1 to each
participant as specified by Rule 428(b)(1). In accordance with the rules and
regulations of the Securities and Exchange Commission ("SEC") and the
instructions to Form S-8, the registrant is not filing such documents with the
SEC either as part of this registration statement or as prospectuses or
prospectus supplements pursuant to Rule 424 of the Securities Act.
Item 2. Registrant Information and Employee Plan Annual Information.
The registrant will send or give to participants, upon oral or written
request, without charge, the documents incorporated by reference in Item 3 of
Part II of this registration statement as specified by Rule 428(b)(1). In
accordance with the rules and regulations of the SEC and the instructions to
Form S-8, the registrant is not filing such documents with the SEC either as
part of this registration statement or as prospectuses or prospectus supplements
pursuant to Rule 424 of the Securities Act. The request for such documents
should be addressed to Wynn J. Bott, Chief Financial Officer What's For Free
Technologies, Inc., 7418 East Helm Drive, Scottsdale, Arizona 85260.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
What's For Free Technologies, Inc. (the "Company") will furnish
shareholders with annual reports containing audited financial statements and
with quarterly reports containing unaudited financial statements for the first
three quarters of each fiscal year. Copies of these documents, and any other
communications sent to the Company's shareholders generally, also will be
furnished to all persons eligible to participate in the Plan.
The Company incorporates herein by reference the following documents
filed by the Company with the Commission:
(a) Annual Report on Form 10-KSB for the fiscal year ended
December 31, 1999, filed pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 ("1934 Act");
(b) all other reports filed pursuant to Section 13(a) or 15(d)
of the 1934 Act; and
(c) the description of the Company's common stock contained in
the "Description of Registrant's Securities to be Registered" in the Company's
registration statement on Form 8-A filed with the SEC on July 31, 1996, as
amended.
All documents subsequently filed by the Company after the date of this
registration statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
1934 Act, prior to the filing of a post-effective amendment which indicates that
all common stock offered hereby has been sold or which deregisters such common
stock then remaining unsold, shall be deemed to be incorporated herein by
reference and to be a part hereof from the date of filing such 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 registration statement to the extent that a statement contained herein or
in any other 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 registration statement.
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Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Pursuant to Nevada Revised Statutes ("NRS") 78.7502 of the Nevada
General Corporation Law, a corporation may indemnify an officer, director,
employee or agent who was or is a party to any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or
investigative, except a derivative action, by reason of the fact that he is or
was an officer, director, employee or agent of the corporation, against
expenses, including attorneys' fees, judgments, fines and amounts paid in
settlement actually and reasonably incurred by him in connection with the
action, suit or proceeding, if he acted in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. Pursuant to NRS 78.751,
any discretionary indemnification under NRS 78.7502 may be made by the
corporation only as authorized in the specific case upon a determination that
indemnification of the director, officer, employee or agent is proper in the
circumstances. The determination must be made by: (a) the stockholders; (b) the
board of directors by majority vote of directors who were not parties to the
action, suit or proceeding; or (c) by independent legal counsel in a written
opinion.
Article VIII of the registrant's bylaws eliminates the personal
liability of directors of the registrant to the registrant and its stockholders
for monetary damages for breach of fiduciary duty as a director involving any
act or omission of any such director. The foregoing provisions shall not
eliminate or limit the liability of a director (i) for any breach of the
director's duty of loyalty to the Company or its stockholders, (ii) for acts or
omissions not in good faith or, which involve intentional misconduct or a
knowing violation of law, (iii) under applicable Sections of the Nevada Revised
Statutes, (iv) the payment of dividends in violation of Section 78.300 of the
Nevada Revised Statutes or, (v) for any transaction from which the director
derived an improper personal benefit.
The By-laws also provide for indemnification of the directors and
officers of the registrant in most cases for any liability suffered by them or
arising out of their activities as directors and officers of the Registrant if
they were not engaged in willful misfeasance or malfeasance in the performance
of his or her duties. The Bylaws, therefore, limit the liability of directors to
the maximum extent permitted by Nevada law (Section 78.751).
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
(a) See the Index of Exhibits, below.
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(b) The undersigned registrant hereby undertakes to submit the Plan and
any amendment to the Internal Revenue Service ("IRS") in a timely manner and
will make all changes required by the IRS in order to qualify the Plan under
Section 401 of the Internal Revenue Code.
Item 9. Undertakings.
The undersigned registrant hereby undertakes to:
(1) File, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement to:
(i) Include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;
(ii) 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, represents a fundamental change in the information in the
registration statement;
(iii) Include any material information on the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement.
(2) For determining any liability under the Securities Act of
1933, treat each post-effective amendment as a new registration statement of the
securities offered, and the offering of the securities at that time to be the
initial bona fide offering thereof.
(3) File a post-effective amendment to remove from
registration any of the securities that remain unsold at the end of the
offering.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
undersigned 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 Scottsdale, Arizona, on the 15th day of
September, 2000.
What's For Free Technologies, Inc.
By: /s/ Jan Olivier
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Jan Olivier
Chairman, Chief Executive Officer
and Interim President
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:
NAME TITLE DATE
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/s/ Jan Olivier Chairman, Chief Executive September 15, 2000
--------------------------- Officer, and Interim President
Jan Olivier Principal Executive Officer and
Principal Financial Officer)
/s/ Dr. Claus Wagner-Bartak
--------------------------- Director September 15, 2000
Dr. Claus Wagner-Bartak
/s/ Wynn J. Bott
--------------------------- Chief Financial Officer September 15, 2000
Wynn J. Bott
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EXHIBIT INDEX
Exhibit Number Exhibit Description
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4 What's For Free Technologies, Inc. 2000 Stock
Incentive Plan
5 Opinion of John Brewer, Esq.
23 Consent of Timothy L. Steers, Certified
Public Accountant, LLC
23.1 Consent of John Brewer, Esq. included in Exhibit 5
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