As filed with the Securities and Exchange Commission on October 18, 1999
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MICREL, INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
California 94-2526744
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
1849 Fortune Drive
San Jose, California 95131
(Address of Principal Executive Office, Including Zip Code)
MICREL, INCORPORATED
1994 STOCK OPTION PLAN
(Full Title of the Plans)
Richard D. Crowley, Jr.
Chief Financial Officer
Micrel, Incorporated
1849 Fortune Drive
San Jose, California 95131
(Name and Address of Agent for Service)
(408) 944-0800
(Telephone Number, Including Area Code, of Agent for Service)
Copy to:
Stephen J. Schrader, Esq.
Morrison & Foerster LLP
755 Page Mill Road
Palo Alto, California 94304
<TABLE>
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CALCULATION OF REGISTRATION FEE
===========================================================================
<S> <C> <C> <C> <C>
Proposed Proposed
Title of maximum maximum
securities Amount offering aggregate Amount
to be to be price per offering Registration
registered registered share (1) price (1) Fee
- --------------- ----------- ------------ ------------- ------------
Common Stock 4,000,000 $ 43.969 $ 175,876,000 $ 48,894
===========================================================================
(1) Estimated solely for the purpose of calculating the registration fee
in accordance with Rules 457(h) and (c) under the Securities Act of
1933, based upon an average of the high and low prices of
Micrel, Incorporated common stock reported on the Nasdaq National
Market on October 13, 1999.
</TABLE>
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part 1 of Form S-8
(plan information and registrant information and employee plan annual
information) will be sent or given to employees as specified by Securities
and Exchange Commission Rule 428(b)(1). Such documents need not be filed
with the Securities and Exchange Commission either as part of this
Registration Statement or as prospectuses or prospectus supplements
pursuant to Rule 424. These documents and the documents incorporated by
reference in this Registration Statement pursuant to Item 3 of Form S-8
(Part II hereof), taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Micrel, Incorporated (the "Registrant")
with the Securities and Exchange Commission (the "Commission") are
incorporated by reference herein:
(a) The Registrant's Annual Report on Form 10-K (the "Annual Report"),
which includes audited financial statements for the Registrant's latest
fiscal year ending December 31, 1998.
(b) The Registrant's Quarterly Reports on Form 10-Q for the quarters
ended March 31, 1999 and June 30, 1999.
(c) The description of the Registrant's Common Stock which is
contained in its Registration Statement on Form 8-A filed December 6, 1994,
including any amendment or report filed for the purpose of updating such
description.
All documents filed by the Registrant with the Commission pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing
of a post-effective amendment 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 into this Registration
Statement and to be a part hereof from the date of filing of such
documents. 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 any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.
Any statement so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this Registration
Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
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Item 6. Indemnification of Directors and Officers.
The Registrant's Bylaws provide that the Company will indemnify its
directors and executive officers and may indemnify its other officers,
employees and other agents to the fullest extent permitted by California
law. The Registrant is also empowered under its Bylaws to enter into
indemnification agreements with its directors and officers and to purchase
insurance on behalf of any person whom it is required or permitted to
indemnify. The Registrant has entered into indemnification agreements with
each of its directors and executive officers.
In addition, the Registrant's Restated Articles of Incorporation provide
that the liability of the Registrant's directors for monetary damages shall
be eliminated to the fullest extent permissible under California law. This
provision in the Restated Articles of Incorporation does not eliminate a
director's duty of care, and in appropriate circumstances equitable
remedies such as an injunction or other forms of non-monetary relief will
remain available under California law. Each director will continue to be
subject to liability for breach of the director's duty of loyalty to the
Registrant, for acts or omission not in good faith or involving intentional
misconduct or knowing violations of law, for acts or omissions that the
director believes to be contrary to the best interests of the Registrant or
its shareholders, for any transaction from which the director derived an
improper personal benefit, for improper transactions between the director
and the Registrant and for improper distributions to shareholders and loans
to directors and officers. This provision also does not affect a
director's responsibilities under any laws, such as the federal securities
laws or state or federal environmental laws.
The Registrant has entered into agreements with its directors and
certain of its executive officers that require the Registrant to indemnify
such persons against expenses, judgments, fines, settlements and other
amounts actually and reasonably incurred (including expenses of a
derivative action) in connection with any proceeding, whether actual or
threatened, to which any such person may be made a party by reason of the
fact that such person is or was a director or officer of the Registrant or
any of its affiliated enterprises, provided such person acted in good faith
and in a manner such person reasonably believed to be in or not opposed to
the best interests of the Registrant and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was
unlawful. The indemnification agreement also sets forth certain procedures
that will apply in the event of a claim for indemnification thereunder.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
Number Description
------- -----------
5.1 Opinion of Morrison & Foerster LLP.
23.1 Consent of Morrison & Foerster LLP (included in Exhibit 5.1)
23.2 Independent Auditors Consent
25.1 Power of Attorney (contained in the signature page hereto)
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Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(i) to file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement
and 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;
(ii) 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;
(iii) 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 further 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 Securities Exchange Act of 1934 (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 this 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.
SIGNATURES
----------
Pursuant to the requirements of the Securities Act of 1933, the
Registrant, Micrel, Incorporated, 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 San Jose, State
of California, on October 18, 1999.
MICREL, INCORPORATED
By:/s/ Raymond D. Zinn
-------------------
Raymond D. Zinn
President and Chief
Executive Officer
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POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints
Raymond D. Zinn and Richard D. Crowley, Jr., and each of them, as
attorneys-in-fact, each with the power of substitution, for him in any and
all capacities, to sign any amendment to this Registration Statement and to
file the same, with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting to said
attorneys-in-fact, full power and authority to do and perform each and
every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming the said attorney-in-fact or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
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 date indicated.
Signature Capacity Date
- -------------------------- --------------------------- ----------------
/s/ Raymond D. Zinn President, Chief Executive October 18, 1999
- -------------------------- Officer and Chairman of
Raymond D. Zinn the Board of Directors
(Principal Executive Officer)
/s/ Richard D. Crowley, Jr. Vice President, Finance October 18, 1999
- -------------------------- and Chief Financial Officer
Richard D. Crowley, Jr. Principal Financial and
Accounting Officer)
/s/ Warren H. Muller Vice President, Secretary October 18, 1999
- -------------------------- and Director
Warren H. Muller
/s/ George Kelly Director October 18, 1999
- --------------------------
George Kelly
/s/ Dale L. Peterson Director October 18, 1999
- --------------------------
Dale L. Peterson
/s/ Larry L. Hansen Director October 18, 1999
- --------------------------
Larry L. Hansen
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INDEX TO EXHIBITS
-----------------
Exhibit
Number Description
------- -----------
5.1 Opinion of Morrison & Foerster LLP.
23.1 Consent of Morrison & Foerster LLP (included in Exhibit 5.1)
23.2 Independent Auditors Consent
25.1 Power of Attorney (contained in the signature page hereto)
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Exhibit 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement
of Micrel, Incorporated on Form S-8 of our reports dated January 26, 1999
(February 26, 1999 as to paragraph 2 of Note 11), appearing in the Annual
Report on Form 10-K of Micrel, Incorporated for the year ended
December 31, 1998.
DELOITTE & TOUCHE LLP
San Jose, California
October 15, 1999
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Exhibit 5.1
October 15, 1999
Micrel, Incorporated
1849 Fortune Drive
San Jose, California 95131
Ladies and Gentlemen:
We have examined the Registration Statement on Form S-8 to be filed by
Micrel, Incorporated (the "Company") with the Securities and Exchange
Commission (the "SEC") in connection with the registration under the
Securities Act of 1933, as amended, of an aggregate of 4,000,000 shares of
the Company's Common Stock, no par value (the "Plan Shares") which will be
issuable under the Micrel, Incorporated 1994 Stock Option Plan (the
"Plan").
As your counsel in connection with the Registration Statement, we have
examined the proceedings taken by you in connection with the assumption of
the Plan and the authorization of the issuance of the shares of Common
Stock under the Plan and such documents as we have deemed necessary to
render this opinion.
Based upon the foregoing, it is our opinion that the Plan Shares, when
issued and outstanding pursuant to the terms of the Plan, will be validly
issued, fully paid and nonassessable shares of the Company's Common Stock.
We consent to the use of this opinion as an exhibit to the Registration
Statement.
Very truly yours,
Morrison & Foerster LLP
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