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Registration No. 333-
As filed with the Securities and Exchange Commission on August 13, 1999
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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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ASCHE TRANSPORTATION SERVICES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 36-3964954
(State or other Jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
10214 NORTH MT. VERNON ROAD (815) 864-2421
SHANNON, ILLINOIS 61078 (Telephone number, including
(Address, Including Zip Code, of area code, of registrant's
registrant's principal executive offices) principal executive offices)
ASCHE TRANSPORTATION SERVICES, INC. STOCK OPTION PLAN
(Full Title of the Plan)
MR. LARRY L. ASCHE COPY TO:
CHAIRMAN AND CHIEF OPERATING OFFICER JOEL R. SCHAIDER, ESQ.
ASCHE TRANSPORTATION SERVICES, INC. SACHNOFF & WEAVER, LTD.
10214 NORTH MT. VERNON ROAD 30 SOUTH WACKER DRIVE, SUITE 2900
SHANNON, ILLINOIS 61078 CHICAGO, ILLINOIS 60606
(815) 864-2421 (312) 207-1000
(Name, address, including zip code and telephone number, including area code, of
agent for service)
CALCULATION OF REGISTRATION FEE
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Title of each class of Proposed maximum Proposed maximum Amount of
securities to be Amount to be offering price per aggregate offering registration fee(2)
registered(1) registered(1) share(2) price(2)
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<S> <C> <C> <C> <C>
Common Stock, par value 254,000 $4.00 $1,016,000 $282.45
$.0001 per share
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(1) This Registration Statement includes any additional shares of the
registrant's Common Stock that may be issued pursuant to antidilution
provisions contained in the plan.
(2) Pursuant to Rule 457(h), the registration fee was computed on the basis of
the average of the high and low prices of the registrant's Common Stock on
the Nasdaq National Market on August 11, 1999.
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PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
The contents of the Form S-8 Registration Statement under the
Securities Act of 1933, File No. 333-06569, which was filed with the Commission
on June 21, 1996, as amended on August 28, 1998, are incorporated by reference
in this S - 8 Registration Statement.
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SIGNATURES
THE REGISTRANT. Pursuant to the requirements of the Securities Act of
1933, the Registrant 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 Shannon, State of Illinois, on the 12th day of
August, 1999.
Asche Transportation Services, Inc.
By: /s/ Larry L. Asche
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Larry L. Asche
Chief Executive Officer
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POWER OF ATTORNEY
We, the undersigned directors and officers of Asche Transportation
Services, Inc. hereby constitute and appoint Larry L. Asche our true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for us and in our stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) to this Registration Statement
and all documents relating thereto, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorney-in-fact and agent, full power
and authority to do and perform each and every act and thing necessary or
advisable to be done in and about the premises, as fully to all intents and
purposes as we might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent or his substitute, may lawfully do or cause
to be done by virtue thereof.
IN WITNESS WHEREOF, the undersigned have executed this power of
attorney on the 12th day of August, 1999.
/s/ Larry L. Asche /s/ Richard S. Baugh
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Larry L Asche Richard S. Baugh
/s/ Kevin M. Clark /s/ Gary I. Goldberg
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Kevin M. Clark Gary I. Goldberg
/s/ Leon M. Monachos /s/ Dennis D. Wilson
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Leon M. Monachos Dennis D. Wilson
/s/ Diane L. Asche /s/ Michael Todd Recob
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Diane L. Asche Michael Todd Recob
/s/ Karl R. Sattler
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Karl R. Sattler
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Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following persons in their respective
capacities on this 12th of August, 1999.
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<CAPTION>
Signature Title
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<S> <C>
/s/ Larry L. Asche
- ------------------------------- Chairman and Chief Executive Officer
Larry L. Asche and Director (Principal Executive
Officer)
/s/ Kevin M. Clark
- ------------------------------- President and Director
Kevin M. Clark
/s/ Leon M. Monachos
- ------------------------------- Chief Financial Officer (Principal
Leon M. Monachos Financial Officer and Principal
Accounting Officer) and Director
/s/ Diane L. Asche
- ------------------------------- Director
Diane L. Asche
/s/ Richard S. Baugh
- ------------------------------- Director
Richard S. Baugh
/s/ Gary I. Goldberg
- ------------------------------- Director
Gary I. Goldberg
/s/ Dennis D. Wilson
- ------------------------------- Director
Dennis D. Wilson
/s/ Michael Todd Recob
- ------------------------------- Director
Michael Todd Recob
/s/ Karl R. Sattler
- ------------------------------- Director
Karl R. Sattler
</TABLE>
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EXHIBIT INDEX
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Exhibit
Number Description of Exhibit
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<S> <C>
4.1 Certificate of Incorporation of Asche Transportation Services,
Inc., as amended *
4.2 By-Laws of Asche Transportation Services, Inc. *
4.3 Second Amendment to Asche Transportation Services, Inc. Stock
Option Plan**
5 Opinion of Sachnoff & Weaver, Ltd. with regard to the legality of
the securities being registered
23 Consent of Ernst & Young, LLP with respect to the financial
statements of the Company
24 Powers of Attorney (contained on the signature page hereto)
</TABLE>
* Filed as an exhibit to the Company's Registration Statement on Form SB-2,
Registration Statement No. 33-81942C, declared effective by the Securities
and Exchange Commission on September 23, 1994, and incorporated herein by
reference.
** Filed as an exhibit to the Company's Report on Form 10-Q for the quarter
ended June 30, 1999, and incorporated herein by reference.
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Exhibit 5
August 13,1999
The Board of Directors
Asche Transportation Services, Inc.
10214 North Mt. Vernon Road
Shannon, IL 61078
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel for Asche Transportation Services, Inc. (the
"Company") in connection with the preparation and filing of a Registration
Statement on Form S-8 (the "Registration Statement") filed by the Company with
the Securities and Exchange Commission (the "Commission") to effect the
registration, pursuant to the Securities Act of 1933, of 254,000 shares of
common stock, par value $.0001 per share, which may be offered by the Company
under its Stock Option Plan. In connection with this matter, we have examined
such documents, corporate records and other instruments as we have deemed
necessary for the purposes of this opinion.
Based on the foregoing, it is our opinion that the 254,000 shares of
common stock, par value $.0001 per share, which will be offered by the Company
pursuant to its Stock Option Plan, when issued and paid for as described in said
Registration Statement, will be legally issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Sachnoff & Weaver, Ltd.
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Sachnoff & Weaver, Ltd.
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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement on
Form S-8 pertaining to 254,000 of common shares for the Stock Option Plan of
Asche Transportation Services, Inc. of our report dated April 15, 1999, except
for Notes 4, 5 and 16, as to which the date is August 10, 1999, with respect to
the consolidated financial statements of Asche Transportation Services, Inc.,
included in the Annual Report to Stockholders (Form 10-K/A) for the year ended
December 31, 1998.
/s/ Ernst & Young LLP
Ernst & Young LLP
Chicago, Illinois
August 11, 1999
