<PAGE> 1
As filed with the Securities and Exchange Commission on January 31, 1997
Registration No. 333-
- --------------------------------------------------------------------------------
S E C U R I T I E S A N D E X C H A N G E C O M M I S S I O N
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
APPLIX, INC.
--------------------------------------------------
(Exact name of issuer as specified in its charter)
Massachusetts 04-2781676
- ------------------------------- ----------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
112 Turnpike Road, Westboro, Massachusetts 01581-2831
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(Address of principal executive offices) (Zip Code)
1994 EQUITY INCENTIVE PLAN
--------------------------
(Full title of the plan)
Patrick J. Rondeau, Esq.
Hale and Dorr
60 State Street
Boston, Massachusetts 02109
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(Name and address of agent for service)
(617) 526-6670
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(Telephone number, including area code, of agent for service)
<TABLE>
CALCULATION OF REGISTRATION FEE
-------------------------------
<CAPTION>
Title of Proposed Proposed
Securities Amount to Maximum Maximum Amount of
to be be Offering Price Aggregate Registration
Registered Registered Per Share Offering Price Fee
- ---------- ---------- -------------- -------------- ------------
<S> <C> <C> <C> <C>
Common Stock, 495,214 $17.00(1) $8,418,638(1) $2,552
$.0025 par shares
value
<FN>
- --------------------------
(1) Estimated solely for the purpose of calculating the registration fee,
and based on the average of the high and low prices as reported by Nasdaq on
January 29, 1997 in accordance with Securities Act Rule 457(c) and (h).
</TABLE>
Page 1 of 13 pages.
Exhibit Index begins on page 9.
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PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information required by Part I is included in documents sent or given
to participants in the 1994 Equity Incentive Plan of Applix, Inc., a
Massachusetts corporation (the "Registrant"), pursuant to Rule 428(b)(1) of the
Securities Act of 1933, as amended (the "Securities Act").
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference.
-----------------------------------------------
The Registrant is subject to the informational and reporting requirements
of Sections 13(a), 14 and 15(d) of the Securities Exchange Act of 1934 (as
amended, the "Exchange Act"), and in accordance therewith files reports, proxy
statements and other information with the Securities and Exchange Commission.
The following documents, which are filed with the Securities and Exchange
Commission, are incorporated in this Registration Statement by reference:
(a) The Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 1995 as filed with the Commission on April 1, 1996.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Exchange Act since the end of the fiscal year covered by the annual report
referred to in (a) above, comprised of the following:
(i) The Amendment on Form 8-K/A to the Company's Current Report
on Form 8-K, as filed with the Commission on January 12, 1996;
(ii) The Company's Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 1996 as filed with the Commission on May 3, 1996;
(iii) The Company's Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 1996 as filed with the Commission on August 14, 1996;
(iv) The Company's Quarterly Report on Form 10-Q for the fiscal
quarter ended October 31, 1996 as filed with the Commission on November 14,
1996;
(v) The Company's Current Report on Form 8-K, as filed with the
Commission on November 15, 1996; and
(vi) The Amendment on Form 8-K/A to the Company's Current Report
on Form 8-K, as filed with the Commission on January 14, 1997.
(c) Registration Statement on Form 8-A as filed with the Commission on
October 28, 1994.
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All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment which indicates that all shares of Common Stock offered
hereby have been sold or which deregisters all shares of Common Stock then
remaining unsold, shall be deemed to be incorporated by reference herein and to
be part hereof from the date of the filing of such documents.
Item 4. Description of Securities.
-------------------------
Not applicable.
Item 5. Interests of Named Experts and Counsel.
--------------------------------------
Not applicable.
Item 6. Indemnification of Directors and Officers.
-----------------------------------------
Section 67 of the Massachusetts Business Corporation Law provides that a
corporation has the power to indemnify a director, officer, employee or agent of
the corporation and certain other persons serving at the request of the
corporation in related capacities against liabilities incurred in connection
with an action or proceeding to which he is or is threatened to be made a party
by reason of such position, unless such person shall have been adjudicated not
to have acted in good faith in the reasonable belief that his action was in the
best interest of the corporation.
The Registrant's Articles of Organization provide that a director or
officer of the Registrant shall be indemnified by the Registrant against all
expenses (including attorneys' fees), judgments, fines and amounts paid in
settlement reasonably incurred in connection with any litigation or other legal
proceeding brought against him by virtue of his position as a director or
officer of the Registrant unless he is deemed (in the manner provided in the
Articles of Organization) to have not acted in good faith in the reasonable
belief that his action was in the best interest of the Registrant. Expenses
incurred in defending a civil or criminal action, suit or proceeding shall be
advanced by the Registrant to a director or officer, at his request, upon
receipt of an undertaking by the director or officer to repay such amount if it
is ultimately determined that he is not entitled to indemnification.
In the event of a determination by the Registrant that the director or
officer did not meet the applicable standard of conduct required for
indemnification, or if the Registrant fails to make an indemnification payment
within 60 days after such payment is claimed by such person, such person is
permitted to
<PAGE> 4
petition a court to make an independent determination as to whether
such person is entitled to indemnification. As a condition precedent to the
right of indemnification, the director or officer must give the Registrant
notice of the action for which indemnity is sought and the Registrant has the
right to participate in such action or assume the defense thereof.
The Registrant's Articles of Organization further provide that the
indemnification provided therein is not exclusive, and provide that in the event
that the Massachusetts Business Corporation Law is amended to expand the
indemnification permitted to directors or officers, the Registrant must
indemnify those persons to the fullest extent permitted by such law as so
amended.
The Registrant has purchased and maintains insurance coverage under a
policy insuring directors and officers of the Registrant against certain
liabilities which they may incur as directors or officers of the Registrant,
which may include coverage for liabilities arising under the Securities Act.
Item 7. Exemption From Registration Claimed.
-----------------------------------
Not applicable.
Item 8. Exhibits.
--------
The Exhibit Index immediately preceding the exhibits is incorporated herein
by reference.
Item 9. Undertakings.
------------
1. The Registrant hereby undertakes:
(a) To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) 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 therefor) 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)
<PAGE> 5
and any deviation from the low or high and 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
20 percent change in the maximum aggregate offering price set
forth in the "Calculation of Registration Fee" table in the
effective registration statement;
(iii) 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;
PROVIDED, HOWEVER that paragraphs (i) and (ii) do not apply if the
registration statement is on Form S-3, Form S-8 or Form F-3, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration
statement.
(b) 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.
(c) 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.
2. 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 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 in the initial bona fide offering
thereof.
3. 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
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the opinion of the Securities and Exchange 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 of 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.
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SIGNATURES
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 Westboro, Massachusetts, on this 31st day of January, 1997.
APPLIX, INC.
By: /s/ Jitendra S. Saxena
----------------------------
Jitendra S. Saxena
President and
Chief Executive Officer
POWER OF ATTORNEY
We, the undersigned officers and directors of Applix, Inc. hereby severally
constitute and appoint Patrick J. Scannell, Jr. and Patrick J. Rondeau, and each
of them singly, our true and lawful attorneys with full power to them, and each
of them singly, to sign for us and in our names, in the capacities indicated
below, the Registration Statement on Form S-8 filed herewith and any and all
amendments to said Registration Statement and generally to do all such things in
our name and behalf in our capacities as officers and directors to enable
Applix, Inc., to comply with the provisions of the Securities Act of 1933, as
amended, and all requirements of the Securities and Exchange Commission, hereby
ratifying and confirming our signatures as they may be signed by our said
attorneys, or any of them, to said Registration Statement and any and all
amendments thereto.
<PAGE> 8
WITNESS our hands and common seal on the date set forth below.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated as of January 31, 1997.
Signature Title
--------- -----
/s/Jitendra S. Saxena President,
- -------------------------------- Chief Executive Officer
Jitendra S. Saxena and Director (Principal
Executive Officer)
/s/Patrick J. Scannell, Jr. Executive Vice President,
- -------------------------------- Finance & Administration,
Patrick J. Scannell, Jr. Chief Financial Officer
and Treasurer (Principal
Financial and Accounting
Officer)
/s/Richard J. Davis Director
- --------------------------------
Richard J. Davis
/s/Paul J. Ferri Director
- --------------------------------
Paul J. Ferri
/s/Alain J. Hanover Director
- --------------------------------
Alain J. Hanover
/s/David C. Mahoney Director
- --------------------------------
David C. Mahoney
<PAGE> 9
EXHIBIT INDEX
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Exhibit
Number
- --------
4.1 Restated Articles of Organization. (1)
4.2 By-Laws.(2)
4.3 Specimen Certificate of Common Stock of the Registrant.(3)
5.1 Opinion of Hale and Dorr.
23.1 Consent of Hale and Dorr (included in Exhibit 5.1).
23.2 Consent of Coopers & Lybrand.
23.3 Consent of Arthur Andersen LLP.
23.4 Consent of Gustavo Casado, Certified Public Accountant.
24.1 Power of Attorney (included in the signature pages of this
Registration Statement).
- -----------------------
(1) Incorporated herein by reference to Exhibit 3.3 to the
Registrant's Registration Statement on Form S-1
(File No. 33-85688).
(2) Incorporated herein by reference to Exhibit 3.4 to the
Registrant's Registration Statement on Form S-1
(File No. 33-85688).
(3) Incorporated herein by reference to Exhibit 4.1 to the
Registrant's Registration Statement on Form S-1
(File No. 33-85688).
<PAGE> 1
EXHIBIT 5.1
HALE AND DORR LLP
Counsellors at Law
60 State Street, Boston, Massachusetts 02109
(617) 526-6000 - FAX (617) 526-5000
January 31, 1997
Applix, Inc.
112 Turnpike Road
Westboro, MA 01581-2831
Ladies and Gentlemen:
We have assisted in the preparation of a Registration Statement on
Form S-8 (the "Registration Statement") to be filed with the Securities and
Exchange Commission relating to 495,214 shares of the Common Stock, $.0025 par
value per share, of Applix, Inc., a Massachusetts corporation (the "Company"),
issuable under the Company's 1994 Equity Incentive Plan (the "1994 Plan).
We have examined the Articles of Organization and By-laws of the
Company, and all amendments thereto, and originals, or copies certified to our
satisfaction, of all pertinent records of the meetings of the directors and
stockholders of the Company, the Registration Statement and such other documents
relating to the Company as we have deemed material for the purposes of this
opinion.
In examination of the foregoing documents, we have assumed the
genuineness of all signatures and the authenticity of all documents submitted to
us as originals, the conformity to original documents of all documents submitted
to us as certified or photostatic copies, and the authenticity of the originals
of such latter documents.
Based upon the foregoing, we are of the opinion that the Company has
duly authorized for issuance the shares of its Common Stock covered by the
Registration Statement to be issued under the 1994 Plan, as described in the
Registration Statement, and such shares, when issued in accordance with the
terms of the 1994 Plan, will be legally issued, fully paid, and nonassessable.
We hereby consent to the filing of this opinion with the Securities
and Exchange Commission in connection with the Registration Statement.
Very truly yours,
/s/ HALE AND DORR LLP
----------------------------
Hale and Dorr LLP
<PAGE> 1
Exhibit 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the 1994 Equity Incentive Plan
Registration Statement on Form S-8 of our report dated January 31, 1996, on our
audits of the consolidated balance sheets of Applix, Inc. as of December 31,
1995 and 1994, and the related consolidated statements of operations,
stockholders' equity, and cash flows for the three years in the period ended
December 31, 1995.
/s/ Coopers & Lybrand, L.L.P.
--------------------------------
COOPERS & LYBRAND, L.L.P.
January 30, 1997
Boston, Massachusetts
<PAGE> 1
Exhibit 23.3
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report on the financial
statements of Target Systems Corporation for the years ended June 30, 1995 and
1994 included in Applix, Inc.'s Amendment No. 1 on Form 8-K/A.
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Boston, Massachusetts
January 30, 1997
<PAGE> 1
Exhibit 23.4
CONSENT OF INDEPENDENT ACCOUNTANT
I consent to the incorporation by reference in this Registration Statement on
Form S-8 of my report dated June 14, 1996 on my audit of the financial
statements of Sinper Corporation as of April 30, 1996 and for the year ended
April 30, 1996, included in the Current Report on Form 8-K/A of Applix, Inc.
/s/ Gustavo E. Casado
Gustavo E. Casado,
Certified Public
Accountant
Miami, Florida
January 30, 1997
