- Securities Registration: Employee Benefit Plan (S-8)
November 05 2010 - 5:18PM
Edgar (US Regulatory)
As
filed with the Securities and Exchange Commission on November 5, 2010
Registration No. 333-_________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
TELECOMMUNICATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
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Maryland
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52-1526369
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(State or other jurisdiction of
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(I.R.S. Employer Identification No.)
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incorporation or organization)
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275 West Street
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Annapolis, Maryland
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21401
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(Address of principal executive offices)
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(Zip Code)
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TELECOMMUNICATION SYSTEMS, INC.
AMENDED AND RESTATED STOCK INCENTIVE PLAN
TELECOMMUNICATION SYSTEMS, INC.
SECOND AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN
(Full title of plans)
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(Name, address and telephone
number of agent for service)
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(Copy to:)
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Maurice B. Tosé
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Wm. David Chalk, Esq.
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Chief Executive Officer, President and
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DLA Piper LLP (US)
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Chairman of the Board
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6225 Smith Avenue
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TeleCommunication Systems, Inc.
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Baltimore, Maryland 21209-3600
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275 West Street
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(410) 580-4120
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Annapolis, Maryland 21401
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(410) 263-7616
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Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. (Check one:)
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Large accelerated filer
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Accelerated filer
þ
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Non-accelerated filer
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Smaller reporting company
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(Do not check if a smaller reporting company)
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CALCULATION OF REGISTRATION FEE
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Proposed
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Proposed
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Amount
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Maximum
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Maximum
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Amount of
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to be
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Offering
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Aggregate
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Registration
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Title of Securities to be Registered
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Registered
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Price Per Unit (4)
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Offering Price (4)
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Fee (4)
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Class A Common Stock, par value $0.01
per share
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Stock Incentive Plan
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10,500,000(1)
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$5.42
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$
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56,910,000
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$4,058
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Employee Stock Purchase Plan
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1,000,000(2)
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$5.42
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$
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5,420,000
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$387
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TOTAL
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11,500,000(3)
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$5.42
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$
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62,330,000
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$4,445
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(1)
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An aggregate of 36,404,110 shares of Class A Common Stock, par value $0.01 per share
(the Class A Common Stock) have been authorized for issuance under the TeleCommunication Systems,
Inc. Amended and Restated Stock Incentive Plan (the Stock Incentive Plan), 5,000,000 of which
were previously registered on Form
S-8 (File No. 333-118610); 4,000,000 of which were previously registered on Form S-8 (File No.
333-107466); 3,000,000 of which were previously registered on Form S-8 (File No. 333-66676);
5,591,004 of which were previously registered on Form S-8 (File No. 333-48026); 5,000,000 of which
were previously registered on Form S-8 (File No. 333-144742); and 10,500,000 of which are
registered on this Form S-8. The remaining 3,313,106 shares were issued pursuant to option grants
occurring prior to the initial public offering of TeleCommunication Systems, Inc. (the
Registrant).
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(2)
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An aggregate of 2,384,932 shares of Class A Common Stock have been authorized for issuance
under the Second Amended and Restated Employee Stock Purchase Plan (the Employee Stock Purchase
Plan), 684,932 of which were previously registered on Form S-8 (File No. 333-48026); 700,000 of
which were previously registered on Form S-8 (File No. 333-136072); and 1,000,000 of which are
registered on this Form S-8.
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(3)
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In addition, pursuant to Rule 416(c) under the Securities Act of 1933, as amended (Securities
Act), this Registration Statement also covers (i) an indeterminate number of shares of Class A
Common Stock that may be offered or issued pursuant to the Stock Incentive Plan and the Employee
Stock Purchase Plan by reason of stock splits, stock dividends or similar transactions and (ii) an
indeterminate number of plan participation interests to be offered or issued pursuant to the
Employee Stock Purchase Plan.
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(4)
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Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(h). The
proposed maximum offering price per share for shares to be offered under the Stock Incentive Plan
and the Employee Stock Purchase Plan is based on the average of the high and low prices of
TeleCommunication Systems, Inc. Class A Common Stock reported on the Nasdaq Stock Market on
October 29, 2010 (i.e., $5.42). Pursuant to General Instruction E of Form S-8, the registration
fee is calculated with respect to the additional securities registered on this Form S-8 only.
Pursuant to Rule 457(h)(2), no separate registration fee is provided for the participation
interests in the Employee Stock Purchase Plan.
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INCORPORATION BY REFERENCE
In accordance with General Instruction E to Form S-8, the contents of the Registration
Statements filed by TeleCommunication Systems, Inc. (the Registrant) with the Securities and
Exchange Commission (the Commission) (File Nos. 333-118610, 333-107466, 333-66676, 333-48026,
333-144742, and 333-136072), with respect to securities offered pursuant to the Stock Incentive
Plan and the Employee Stock Purchase Plan are hereby incorporated by reference.
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, subsequent to the date of this Registration Statement
and prior to the filing of a post-effective amendment that indicates that all securities offered
have been sold or that deregisters all securities 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 or deemed to be 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
such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
EXHIBITS
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EXHIBIT
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NUMBER
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DESCRIPTION
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4.1
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Amended and Restated Articles of Incorporation. (Incorporated by
reference to the Registrants Quarterly Report on Form 10-Q for
the quarter ended June 30, 2004)
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4.2
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Second Amended and Restated Bylaws. (Incorporated by reference to
the Registrants Quarterly Report on Form 10-Q for the quarter
ended June 30, 2004)
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5.1
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Opinion of DLA Piper LLP (US). (Filed herewith)
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23.1
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Consent of Counsel. (Contained in Exhibit 5.1)
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23.2
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Consent of Ernst & Young LLP. (Filed herewith)
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23.3
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Consent of Reznick Group, P.C. (Filed herewith)
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24.1
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Power of Attorney. (Filed herewith)
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99.1
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TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Incorporated by reference to Appendix A to the
Registrants definitive proxy statement for its 2010 Annual
Meeting of stockholders as filed with the SEC on April 30, 2010
(No. 000-30821)
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99.2
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TeleCommunication Systems, Inc. Second Amended and Restated
Employee Stock Purchase Plan. (Incorporated by reference to
Appendix B to the Registrants definitive proxy statement for its
2010 Annual Meeting of stockholders as filed with the SEC on April
30, 2010 (No. 000-30821)
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99.3
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Form of Incentive Stock Option Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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99.4
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Form of Nonstatutory Stock Option Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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99.5
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Form of Restricted Stock Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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- 2 -
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, TeleCommunication
Systems, Inc. certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing this Registration Statement 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 Annapolis, State of Maryland, on this 5
th
day
of November, 2010.
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TELECOMMUNICATION SYSTEMS, INC.
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By:
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/s/ Maurice B. Tosé
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Maurice B. Tosé
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Chief Executive Officer, President and
Chairman of the Board
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Pursuant to the requirements of the Securities Act of 1933, as amended, the administrator of the
Employee Stock Purchase Plan has duly caused this Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of Annapolis, State of Maryland, on this
5
th
day of November, 2010.
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TELECOMMUNICATION SYSTEMS, INC. SECOND
AMENDED AND RESTATED EMPLOYEE STOCK
PURCHASE PLAN
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By:
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/s/ James M. Bethmann
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James M. Bethmann
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Chairman of the Compensation Committee
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement on Form S-8 has been signed below by the following persons in the capacities and on the
date indicated.
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Signature
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Title
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Date
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/s/ Maurice B. Tosé
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Chief Executive Officer, President and
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November 5, 2010
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Maurice B. Tosé
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Chairman of the Board
(Principal Executive Officer)
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/s/ Thomas M. Brandt, Jr.
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Chief Financial Officer and Senior Vice
President
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November 5, 2010
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Thomas M. Brandt, Jr.
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(Principal Financial and Accounting Officer)
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A majority of the Board of Directors: (James M. Bethmann, Clyde A. Heintzelman, Jan C. Huly,
Richard A. Kozak, Weldon H. Latham, Richard A. Young, Maurice B. Tosé, A. Reza Jafari, and Thomas
M. Brandt, Jr.)
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Date: November 5, 2010
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By:
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/s/ Thomas M. Brandt, Jr.
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Thomas M. Brandt, Jr., Attorney-in-Fact
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- 3 -
EXHIBIT INDEX
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EXHIBIT
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NUMBER
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DESCRIPTION
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4.1
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Amended and Restated Articles of Incorporation. (Incorporated by
reference to the Registrants Quarterly Report on Form 10-Q for
the quarter ended June 30, 2004)
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4.2
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Second Amended and Restated Bylaws. (Incorporated by reference to
the Registrants Quarterly Report on Form 10-Q for the quarter
ended June 30, 2004)
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5.1
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Opinion of DLA Piper LLP (US). (Filed herewith)
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23.1
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Consent of Counsel. (Contained in Exhibit 5.1)
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23.2
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Consent of Ernst & Young LLP. (Filed herewith)
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23.3
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Consent of Reznick Group, P.C. (Filed herewith)
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24.1
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Power of Attorney. (Filed herewith)
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99.1
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TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Incorporated by reference to Appendix A to the
Registrants definitive proxy statement for its 2010 Annual
Meeting of stockholders as filed with the SEC on April 30, 2010
(No. 000-30821)
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99.2
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TeleCommunication Systems, Inc. Second Amended and Restated
Employee Stock Purchase Plan. (Incorporated by reference to
Appendix B to the Registrants definitive proxy statement for its
2010 Annual Meeting of stockholders as filed with the SEC on April
30, 2010 (No. 000-30821)
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99.3
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Form of Incentive Stock Option Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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99.4
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Form of Nonstatutory Stock Option Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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99.5
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Form of Restricted Stock Grant Agreement under the
TeleCommunication Systems, Inc. Amended and Restated Stock
Incentive Plan. (Filed herewith)
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