sv8
As filed with the Securities and Exchange Commission on June 7, 2006
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
CRAY INC.
(Exact name of registrant as specified in its charter)
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WASHINGTON
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93-0962605 |
(State or other jurisdiction
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(IRS Employer |
of incorporation or organization)
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Identification No.) |
411 First Avenue South, Suite 600
Seattle, Washington 98104-2860
(Address of Principal Executive Offices)
Cray Inc. 2006 Long-Term Equity Compensation Plan
(Full title of plan)
Kenneth W. Johnson
Senior Vice President, General Counsel and Corporate Secretary
CRAY INC.
411 First Avenue South, Suite 600
Seattle, Washington 98104-2860
Tel.: (206) 701-2000
Fax: (206) 701-2500
(Name, address, telephone and facsimile numbers of agent for service)
Copy to:
L. John Stevenson, Jr.
Stoel Rives LLP
600 University Street, Suite 3600
Seattle, Washington 98101
Tel.: (206) 624-0900
Fax: (206) 386-7500
CALCULATION OF REGISTRATION FEE
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Proposed Maximum |
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Proposed Maximum |
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Title of Securities to Be |
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Amount to Be |
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Offering Price Per |
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Aggregate Offering |
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Amount of |
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Registered |
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Registered(1) |
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Share (2) |
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Price (2) |
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Registration Fee |
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Common Stock $0.01 par value |
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10,000,000 Shares |
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$1.83 |
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$18,300,000 |
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$1,958.10 |
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(1) |
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Pursuant to Rule 416(a) under the Securities Act of 1933, also
includes an indeterminate number of additional shares that may be
necessary to adjust the number of shares reserved for issuance
pursuant to such employee benefit plan as the result of any future
stock split, stock dividend or similar adjustment of the registrants
outstanding Common Stock. The foregoing number of shares of common
stock being registered, as well as any other references in this
registration statement to shares or options for shares of common
stock, reflect such shares as constituted on June 6, 2006, and
(without limiting the preceding sentence) such shares and options are
subject to adjustment to reflect a one-for-four reverse stock split
expected to become effective before the opening of business on June 8,
2006. |
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(2) |
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Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457(h) and (c) under the Securities
Act of 1933, based on the high and low sales prices for the Common
Stock on the Nasdaq National Market System on June 6, 2006. |
TABLE OF CONTENTS
Note: The information in this Registration Statement relating to our
Common Stock pertains to our Common Stock as constituted on the date hereof and before an
adjustment in the Common Stock for a one-for-four reverse stock split expected to become effective
on June 8, 2006.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information. *
Item 2. Registrant Information and Employee Plan Annual Information. *
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* |
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Information required by Part I of Form S-8 to be contained in the
Section 10(a) prospectus is omitted from this Registration Statement
in accordance with Rule 428 under the Act and the Note to Part I of
Form S-8. |
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents By Reference.
The Securities and Exchange Commission (the SEC or the Commission) allows us to
incorporate by reference our publicly filed reports into this registration statement which means
that information included in those reports is considered part of this registration statement.
Information that we file with the SEC after the date of this registration statement will
automatically update and supersede the information contained in this registration statement. We
incorporate by reference into this registration statement the documents listed below and any future
filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act
of 1934 until we have filed with the SEC a post-effective amendment to this registration statement
indicating that we have sold all the shares offered hereby or have deregistered any shares then
remaining unsold.
The following documents filed with the SEC are incorporated into this statement by reference
(other than any portions of the respective filings that were furnished pursuant to Item 2.02 or
7.01 of Current Reports on Form 8-K or other applicable SEC rules):
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Our Annual Report on Form 10-K for the year ended December 31, 2005; |
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2) |
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Our Definitive Proxy Statement for the 2006 Annual Meeting, as filed with the SEC on April 28, 2006; |
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3) |
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Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2006; |
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4) |
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Our Current Reports on Form 8-K filed on January 4, 2006, January 11, 2006, February 21, 2006,
March 17, 2006, March 31, 2006, April 10, 2006, April 18, 2006, April 24, 2006, May 2, 2006, May 4,
2006, and May 5, 2006, and our amended Current Report on Form 8-K/A filed on February 13, 2006; and |
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5) |
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The description of our common stock set forth in our Registration Statement on Form SB-2
(Registration No. 33-95460-LA), including any amendment or report filed for the purpose of updating
such description, as incorporated by reference in our Registration Statement on Form 8-A
(Registration No. 0-26820), including the amendment thereto on Form 8-A/A. |
We will furnish without charge to you, on written or oral request, a copy of any or all of the
documents incorporated by reference, other than exhibits to such documents. You should direct any
requests for documents to
Investor Relations, Cray Inc., 411 First Avenue South, Suite 600, Seattle, Washington 98104-2860,
telephone (206) 701-2000.
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Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Kenneth W. Johnson, our Senior Vice President, General Counsel and Corporate Secretary, is
giving an opinion on the validity of the common shares that may be offered under the Cray Inc. 2006
Long-Term Equity Compensation Plan (the Plan). As of the date of this registration statement, Mr.
Johnson held 193,775 shares of our common stock and options to purchase 530,200 shares of our
common stock. Mr. Johnson is eligible to receive awards under the Plan.
Item 6. Indemnification of Directors and Officers.
Article VII of our Restated Articles of Incorporation and Section 10 of our Restated Bylaws
require indemnification of directors and permit indemnification of our officers, employees, and
agents to the fullest extent permitted by the Washington Business Corporation Act (the WBCA).
Sections 23B.08.500 through 23B.08.600 of the WBCA authorize a court to award, or a corporations
board of directors to grant, indemnification to directors and officers on terms sufficiently broad
to permit indemnification under certain circumstances for liabilities arising under the Securities
Act of 1933, as amended.
Section 23B.08.320 of the WBCA authorizes a corporation to limit a directors liability to the
corporation or its shareholders for monetary damages for acts or omissions as a director, except in
certain circumstances involving intentional misconduct, self-dealing or illegal corporate loans or
distributions, or any transaction from which the director personally receives a benefit in money,
property or services to which the director is not legally entitled. Article VI of our Restated
Articles of Incorporation contains provisions implementing, to the fullest extent permitted by
Washington law, such limitations on a directors liability to us and our shareholders.
In addition, we maintain directors and officers liability insurance to insure
our liability under the above-described provisions of our Articles of Incorporation and Bylaws and
to cover us and our officers and directors for certain liabilities and defense costs, including
those arising from claims under the securities laws.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
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5 |
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Opinion on Legality |
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10.1 |
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2006 Long-Term Equity Compensation Plan* |
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23.1 |
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Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm |
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23.2 |
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Consent of Peterson Sullivan PLLC, Independent Registered Public Accounting Firm |
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23.3 |
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Consent of General Counsel (included in Exhibit 5) |
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24 |
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Power of Attorney (included on signature page hereof) |
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* |
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Incorporated by reference to the Companys definitive Proxy Statement
for the 2006 Annual Meeting, as filed with the Commission on April 28,
2006. |
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Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) 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 of
1933;
(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 thereof)
which, individually or in the aggregate, represent a fundamental change in the
information set forth in the 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 (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the registrant pursuant to
section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933,
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.
(3) 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.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrants annual report pursuant
to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 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 the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the 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 or 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 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 the City of Seattle, State of Washington, on June 6, 2006.
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CRAY INC.
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By: |
/s/ Peter J. Ungaro
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Peter J. Ungaro |
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Chief Executive Officer and President |
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Power of Attorney
Each of the undersigned hereby constitutes and appoints Peter J. Ungaro, Brian C. Henry and
Kenneth W. Johnson, and each of them, the undersigneds true and lawful attorney-in-fact and agent,
with full power of substitution, for the undersigned and in his or her name, place and stead, in
any and all capacities, to sign any or all amendments or post-effective amendments to this
Registration Statement, and any other instruments or documents that said attorneys-in-fact and
agents may deem necessary or advisable, to enable Cray Inc. to comply with the Securities Act of
1933, as amended, and any requirements of the Securities and Exchange Commission in respect
thereof, and to file the same, with all exhibits thereto, with the Securities and Exchange
Commission, in connection with the registration under the Securities Act, of shares of Common Stock
of Cray Inc., issuable pursuant to the 2006 Long-Term Equity Compensation Plan, granting unto said
attorneys-in-fact and agents and each of them full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all intents and purposes as the
undersigned might or could do in person, hereby ratifying and confirming all that each such
attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, the Registration Statement has
been signed by the following persons in the capacities indicated below on the 6th day of June,
2006:
Signature and Title
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/s/ Peter J. Ungaro
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/s/ Stephen C. Kiely |
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Peter J. Ungaro, Chief Executive Officer,
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Stephen C. Kiely, Director |
President and Director |
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/s/ Brian C. Henry
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/s/ Frank L. Lederman |
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Brian C. Henry, Principal Financial Officer
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Frank L. Lederman, Director |
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/s/ Kenneth D. Roselli
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/s/ Sally G. Narodick |
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Kenneth D. Roselli, Principal Accounting Officer
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Sally G. Narodick, Director |
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/s/ John B. Jones, Jr.
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/s/ Daniel C. Regis |
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John B. Jones, Jr., Director
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Daniel C. Regis, Director |
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/s/ Kenneth W. Kennedy, Jr.
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/s/ Stephen C. Richards |
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Kenneth W. Kennedy, Jr., Director
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Stephen C. Richards, Director |