As filed with the Securities and Exchange Commission on December 23, 1998
Registration Statement 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
SUPREME INTERNATIONAL CORPORATION
---------------------------------
(Exact name of registrant as specified in its charter)
FLORIDA 59-1162998
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(State of other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
3000 N.W. 107TH AVENUE, MIAMI, FLORIDA 33172
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(Address of Principal Executive Offices) (Zip Code)
1993 STOCK OPTION PLAN, AS AMENDED
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(Full title of the plan)
GEORGE FELDENKREIS
SUPREME INTERNATIONAL CORPORATION
3000 N.W. 107th Avenue
MIAMI, FLORIDA 33172
--------------------
(Name and address of agent for service)
(305) 592-2830
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(Telephone number, including area code, of agent for service)
Copies to:
Dale S. Bergman, P.A.
Broad and Cassel
201 South Biscayne Boulevard
Suite 3000
Miami, Florida 33131
(305) 373-9400
(305) 373-9493 (facsimile)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
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PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SECURITIES TO AMOUNT TO BE OFFERING PRICE PER AGGREGATE OFFERING AMOUNT OF
BE REGISTERED REGISTERED (1) SHARE(2) PRICE(2) REGISTRATION FEE
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<S> <C> <C> <C> <C>
Common Stock,
$.01 par value 450,000 $9.50 $4,275,000 $1,189
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(1)Pursuant to Rule 416, promulgated under the Securities Act of 1933, as
amended, this Registration Statement covers an indeterminate number of
securities to be offered as a result of any adjustment from stock splits, stock
dividends or similar events.
(2)Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457, promulgated under the Securities Act of
1933, as amended, and based upon the average of the closing bid and asked price
of the Common Stock on December 21, 1998. Pursuant to Rule 429, this
Registration Statement serves as a Post-Effective Amendment No. 1 to the
Registrant's Registration Statement on Form S-8 (File No. 33-60750 relating to
the Registrant's 1993 Stock Option Plan.
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<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents are incorporated by reference into this Registration
Statement:
A. The Registrant's Annual Report on Form 10-K for the fiscal year
ended January 31, 1998;
B. The Registrant's Quarterly Reports on Form 10-Q for the quarters
ended April 30, 1998, July 31, 1998 and October 31, 1998; and
C. The description of the Registrant's Common Stock contained in the
Registrant's registration statement on Form 8-A filed with the Securities and
Exchange Commission, as such description is updated in any amendment to the Form
8-A.
In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), after the date hereof and prior to the filing of a
post-effective amendment which indicates that all securities hereby 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 of such documents with the Commission. Any
statement contained in a document 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 a subsequently filed
document 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 part of this Registration
Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Registrant has authority under Section 607.0850 of the Florida
Business Corporation Act to indemnify its directors and officers to the extent
provided for in such statute. The Registrant's Second Amended and Restated
Articles of Incorporation and Bylaws provide that the Registrant may insure,
shall indemnify and shall advance expenses on behalf of its officers and
directors to the fullest extent not prohibited by law. The Registrant is also a
party to indemnification agreements with each of its directors and officers.
<PAGE>
ITEM 7. EXEMPTION FOR REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
4.1 Form of 1993 Stock Option Plan, as amended(1)
5.1 Opinion of Broad and Cassel
23.1 Consent of Broad and Cassel (contained in its opinion filed as
Exhibit 5.1 to this Registration Statement)
23.2 Consent of Deloitte & Touche LLP
24.1 Power of Attorney (included in the signature page of this
Registration Statement)
_____________________
1 Incorporated by reference to the Registrant's Proxy Statement
on Schedule 14A for the Annual Meeting of Shareholders held on
July 31, 1998.
ITEM 9. UNDERTAKINGS.
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:
a. To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933, as amended (the "Securities Act");
b. To reflect in the prospectus any facts or events arising after the
effective date of the 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 the Registration Statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of prospectus filed
with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the
maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective Registration Statement; and
c. To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or
any material change to such information in the Registration Statement.
<PAGE>
provided, however, that paragraphs (1)(a) and (1)(b) shall not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in the Registration Statement.
2. That, for the purpose of determining any liability under the
Securities Act, 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.
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.
The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 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.
Insofar as indemnification for liabilities arising under the Securities
Act 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 Securities 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 Securities Act and will be governed by the final
adjudication of such issue.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Company 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 Miami, State of Florida on this 23rd day of
December, 1998.
SUPREME INTERNATIONAL CORPORATION
/s/ George Feldenkreis
By:--------------------------------------------
George Feldenkreis, Chairman of the
Board and Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints
George Feldenkreis and Oscar Feldenkreis, or any one of them, as his true and
lawful attorneys-in-fact and agents with full power of substitution and
resubstitution for him and in his name, place and stead in any and all
capacities to execute in the name of each such person who is then an officer or
director of the Company any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same with all
exhibits thereto and other documents in connection therewith with the Securities
and Exchange Commission, granting unto said attorneys-in-fact and agents and
each of them full power and authority to do and perform each and every act and
thing required or necessary to be done in and about the premises as fully as he
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, or any of them, or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
date indicated.
SIGNATURES TITLE DATE
- ---------- ----- -----
/s/ George Feldenkreis Chairman of the Board and December 23, 1998
- ---------------------- Chief Executive Officer
George Feldenkreis (principal executive, financial
and accounting officer)
<PAGE>
/s/ Oscar Feldenkreis
- --------------------- President, Chief Operating Officer December 23, 1998
Oscar Feldenkreis and Director
/s/ Ronald L. Buch
- -------------------- Director December 23, 1998
Ronald L. Buch
/s/ Gary Dix
- -------------------- Director December 23, 1998
Gary Dix
/s/ Salomon Hanono
- -------------------- Director December 23, 1998
Salomon Hanono
/s/ Richard W. McEwen
- --------------------- Director December 23, 1998
Richard W. McEwen
/s/ Leonard Miller
- -------------------- Director December 23, 1998
Leonard Miller
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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4.1 Form of 1993 Stock Option Plan, as amended(1)
5.1 Opinion of Broad and Cassel
23.1 Consent of Broad and Cassel (contained in its opinion filed as
Exhibit 5.1 to this Registration Statement)
23.2 Consent of Deloitte & Touche LLP
24.1 Power of Attorney (included in the signature page of this
Registration Statement)
_________________
(1) Incorporated by reference to the Registrant's Proxy Statement on
Schedule 14A for the Annual Meeting of Shareholders held on July 31,
1998.
EXHIBIT 5.1
BROAD AND CASSEL
ATTORNEYS AT LAW
SUITE 3000
MIAMI CENTER
201 SOUTH BISCAYNE BOULEVARD
MIAMI, FLORIDA 33131
(305) 373-9400
FAX (305) 373-9443
December 23, 1998
Supreme International Corporation
3000 N.W. 107th Avenue
Miami, Florida 33172
Re: Supreme International Corporation (the "Company")
Registration Statement on Form S-8
Ladies and Gentlemen:
You have requested our opinion with respect to the shares (the
"Shares") of the Company's common stock, $.01 par value (the "Common Stock"),
included in the Company's registration statement on Form S-8 (the "Registration
Statement"). The Registration Statement has been filed with the Securities and
Exchange Commission pursuant to the Securities Act of 1933, as amended (the
"Securities Act").
As counsel to the Company, we have examined the original or certified
copies of such records of the Company, and such agreements, certificates of
public officials, certificates of officers or representatives of the Company and
others, and such other documents as we deem relevant and necessary for the
opinion expressed in this letter. In such examination, we have assumed the
genuineness of all signatures on original documents, and the conformity to
original documents of all copies submitted to us as conformed or photostatic
copies. As to various questions of fact material to such opinion, we have relied
upon statements or certificates of officials and representatives of the Company
and others.
Based on, and subject to the foregoing, we are of the opinion that the
Shares included in the Registration Statement, when issued and paid for, will be
duly and validly issued, fully paid and non-assessable.
In rendering this opinion, we advise you that members of this Firm are
members of the Bar of the State of Florida, and we express no opinion herein
concerning the applicability or effect of any laws of any other jurisdiction,
except the securities laws of the United States of America referred to herein.
This opinion has been prepared and is to be construed in accordance
with the Report on Standards for Florida Opinions, dated April 8, 1991, as
amended and supplemented, issued by the Business Law Section of The Florida Bar
(the "Report"). The Report is incorporated by reference into this opinion.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement. We also consent to the use of our name in the
Registration Statement. In giving such consent, we do not thereby admit that we
are included within the category of persons whose consent is required under
Section 7 of the Securities Act, or the rules and regulations promulgated
thereunder.
Sincerely,
/s/ BROAD AND CASSEL
EXHIBIT 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Supreme International Corporation on Form S-8 of our report dated April 10, 1998
appearing in the Annual Report on Form 10-K of Supreme International Corporation
for the year ended January 31, 1998.
/s/ DELOITTE & TOUCHE LLP
Miami, Florida
December 21, 1998
