SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
Featherlite, Inc.
(Exact Name of Registrant as Specified in its Charter)
Minnesota 41-1621676
(State or Other Juris- (I.R.S. Employer
diction of Incorporation Identification Number)
or Organization)
Highways 63 and 9, P. O. Box 320
Cresco, Iowa 52316
(Address of Principal Executive Office and Zip Code)
Featherlite, Inc. 1994 Stock Option Plan
(Full Title of the Plan)
Conrad D. Clement
President and Chief Executive Officer
Featherlite, Inc.
Highways 63 and 9, P. O. Box 320
Cresco, Iowa 52316
(319) 547-6000
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
Copies to:
Timothy M. Heaney
Fredrikson & Byron, P.A.
1100 International Centre
Minneapolis, Minnesota 55402
<PAGE>
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
======================== ====================== ====================== ====================== ======================
Proposed
Proposed Maximum Maximum
Title of Securities Amount to be Offering Price Aggregate Amount of
to be Registered Registered(1) Per Share(2) Offering Price(2) Registration Fee
- ------------------------ ---------------------- ---------------------- ---------------------- ----------------------
<S> <C> <C> <C> <C>
Options to Purchase
Common Stock under the
Plan Indefinite $ 0.00 $ 0.00 $0.00
Common Stock issuable
upon exercise of
options granted under
the Plan 550,000 shares $5.65625 $3,110,938 $865
---
TOTAL: $865
- ------------------------ ---------------------- ---------------------- ---------------------- ----------------------
======================== ====================== ====================== ====================== ======================
</TABLE>
(1) In addition, pursuant to Rule 416 under the Securities Act of 1933,
this Registration Statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan
described herein and any additional securities which may become
issuable pursuant to anti-dilution provisions of the plan.
(2) Estimated pursuant to Rule 457(h) solely for the purpose of calculating
the registration fee and based upon the average of the high and low
prices of the Registrant's Common Stock on March 26, 1999.
<PAGE>
The purpose of this Registration Statement is to register additional
shares for issuance under the Registrant's 1994 Stock Option Plan. The contents
of the Registrant's Registration Statement on Form S-8, Reg. No. 33-90860, are
incorporated herein by reference.
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 Cresco and State of Iowa, on the 30th day of
March, 1999.
FEATHERLITE, INC.
(the "Registrant")
By /s/ Conad D. Clement
Conrad D. Clement,
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
(Power of Attorney)
Each of the undersigned constitutes and appoints Conrad D. Clement and
Jeffery A. Mason his true and lawful attorney-in-fact and agent, each acting
alone, with full powers of substitution and resubstitution, for him and in his
name, place and stead, in any and all capacities, to sign the Form S-8
Registration Statement of Featherlite, Inc. relating to the Company's 1994 Stock
Option Plan and any or all amendments or post-effective amendments to the Form
S-8 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, each acting alone,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as the undersigned might or could do in person, hereby
ratifying and confirming allthat said attorneys-in-fact and agents, each acting
alone, or their substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.
<PAGE>
Signature Title Date
/s/ Conrad D. Clement President, Chief Executive March 30, 1999
Conrad D. Clement Officer and Director (principal
executive officer)
/s/ Jeffery A. Mason Chief Financial Officer and March 30, 1999
Jeffery A. Mson Director (principal financial
and accounting officer)
/s/ Tracy J. Clement Executive Vice President March 30, 1999
Tracy J. Clement and Director
/s/ Donald R. Brattain Director March 30, 1999
Donald R. Brattain
/s/ Kenneth D. Larson Director March 30, 1999
Kenneth D. Larson
/s/ John H. Thomson Director March 30, 1999
John H. Thomson
/s/ Thomas J. Winkel Director March 30, 1999
Thomas J. Winkel
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FEATHERLITE, INC.
Form S-8 Registration Statement
EXHIBIT INDEX
Exhibit
Number Exhibit Description
5 Opinion and Consent of counsel re securities under the Plan
23.1 Consent of counsel (See Exhibit 5)
23.2 Consent of independent accountants
24 Power of attorney (See Signature Page)
EXHIBIT 5
FREDRIKSON & BYRON, P.A.
900 Second Avenue South, Suite 1100
Minneapolis, Minnesota 55402
Telephone: (612) 347-7000
Facsimile: (612) 347-7077
March 30, 1999
Featherlite, Inc.
P. O. Box 320
Highways 63 and 9
Cresco, Iowa 52136
Re: Registration Statement on Form S-8
Ladies/Gentlemen:
We are acting as corporate counsel to Featherlite, Inc. (the "Company")
in connection with the original registration by the Company on Form S-8 (the
"Registration Statement") under the Securities Act of 1933, as amended (the
"Act") of options and 550,000 shares (the "Shares") of Common Stock issuable
pursuant to the Company's 1994 Stock Option Plan (the "Plan").
In acting as such counsel and for the purpose of rendering this
opinion, we have reviewed copies of the following, as presented to us by the
Company:
1. The Company's Articles of Incorporation, as amended.
2. The Company's Bylaws, as amended.
3. Certain corporate resolutions adopted by the Board of
Directors and shareholders of the Company pertaining to the
adoption and approval of the Plan and the increase in the
number of shares reserved for issuance thereunder.
4. The Plan.
5. The Registration Statement.
Based on, and subject to, the foregoing and upon representations and
information provided by the Company or its officers or directors, it is our
opinion as of this date that:
1. The Shares are validly authorized by the Company's Articles of
Incorporation, as amended.
2. Upon issuance and delivery of the Shares against receipt by
the Company of the consideration for the Shares pursuant to
the terms of the Plan, the Shares will be validly issued,
fully paid and nonassessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
FREDRIKSON & BYRON, P.A.
By /s/ Timothy M. Heaney
Timothy M. Heaney
EXHIBIT 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Form S-8
Registration Statement of our report dated February 8, 1999, on the consolidated
financial statements of Featherlite, Inc. (the "Registrant"), which report and
statements appear, or are incorporated by reference, in the Registrant's Annual
Report on Form 10-K for the year ended December 31, 1998.
/s/ MCGLADREY & PULLEN, LLP
Rochester, MN
March 30, 1999
