As filed with the Securities and Exchange Commission on October 30, 2013
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
under the
SECURITIES ACT OF 1933
MONTAGE TECHNOLOGY GROUP LIMITED
(Exact Name of Registrant as Specified in Its Charter)
| Cayman Islands | Not applicable | |
(State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
Room A1601, Technology Building, 900 Yi Shan Road
Xuhui District, Shanghai, 200233
People’s Republic of China
Tel: (86 21) 6128-5678
(Address, Including Zip Code, of Principal Executive Offices)
Montage Technology Group Limited 2006 Share Incentive Plan
Montage Technology Group Limited 2013 Performance Incentive Plan
(Full Title of the Plans)
Mark Voll
Chief Financial Officer
101 Metro Drive, Suite 500
San Jose, CA 95110
Tel: 408-982-2788
(Name, Address and Telephone Number, Including Area Code, of Agent For Service)
Copy to:
Portia Ku
Eric C. Sibbitt
O’Melveny & Myers LLP
2765 Sand Hill Road
Menlo Park, CA 94025
Tel: (650) 473-2600
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
| Non-accelerated filer | x (Do not check if a smaller reporting company) | Smaller reporting company | ¨ | |||
CALCULATION OF REGISTRATION FEE
| ||||||||
Title of Securities to be Registered | Amount to be Registered(1) | Proposed Maximum Offering Price per Share(2) | Proposed Maximum Aggregate Offering | Amount of Registration Fee | ||||
Ordinary shares, par value US$0.0125 per share, issuable under the Montage Technology Group Limited 2006 Share Incentive Plan | 3,771,093 | $13.70(2) | $51,663,974(2) | $6,654(2) | ||||
Ordinary shares, par value US$0.0125 per share, issuable under the Montage Technology Group Limited 2013 Performance Incentive Plan | 4,000,000 | $13.70(2) | $54,800,000(2) | $7,058(2) | ||||
TOTAL | 7,771,093 | $106,463,974 | $13,712 | |||||
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| (1) | This Registration Statement covers, in addition to the number of ordinary shares, par value US$0.0125 per share (the Ordinary Shares”) of Montage Technology Group Limited, a Cayman Islands corporation (the “Company” or the “Registrant”), stated above, options and other rights to purchase or acquire Ordinary Shares covered by this Registration Statement and, pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the “Securities Act”), an additional indeterminate number of shares, options and rights that may be offered or issued pursuant to the Montage Technology Group Limited 2006 Share Incentive Plan and the Montage Technology Group Limited 2013 Performance Incentive Plan (each a “Plan” and, collectively, the “Plans”) as a result of one or more adjustments under the Plans to prevent dilution resulting from one or more stock splits, stock dividends or similar transactions. |
| (2) | Pursuant to Securities Act Rule 457(h), the maximum offering price, per share and in the aggregate, and the registration fee were calculated based upon, in the case of the Montage Technology Group Limited 2006 Share Incentive Plan, the weighted-average exercise price of the outstanding options under the Plan, and in the case of the Montage Technology Group Limited 2013 Performance Incentive Plan, the average of the high and low prices of ordinary shares of the Company as reported on the Nasdaq Global Market on October 29, 2013. |
The Exhibit Index for this Registration Statement is at page 7.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Securities Act Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference
The following documents of the Company filed with the Securities and Exchange Commission (the “Commission”) are incorporated herein by reference:
(1) The Registrant’s Prospectus, dated September 25, 2013, filed with the Commission pursuant to Rule 424(b) under the Securities Act in connection with its Registration Statement on Form S-1 (Commission File No. 333-190761) initially filed with the Commission on August 21, 2013, as amended, which includes audited financial statements as of December 31, 2012, 2011, and 2010; and
(2) The description of the Registrant’s ordinary shares contained in its Registration Statement on Form 8-A (File No. 001-36064) filed with the Commission on September 12, 2013, pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description.
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 securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.
Any statement contained herein or in a document, all or a portion of which is 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 subsequently filed document which also 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.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers
Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of directors and officers, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. The Registrant’s Amended and Restated Memorandum and Articles of Association provide for indemnification of directors and officers for losses, damages, costs and expenses incurred in their capacities as such, except through their own dishonesty, fraud or default.
Under its indemnification agreements with directors and officers, the Registrant has agreed to indemnify its directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.
The Registrant has also entered into an agreement with the underwriters of its initial public offering that provides for indemnification of the Registrant and its officers and directors.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant under the foregoing provisions, the Registrant has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
See the attached Exhibit Index at page 8, which is incorporated herein by reference.
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;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this 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 this Registration Statement;
(iii) 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;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-8, and 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 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) 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 initialbona 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, 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 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 initialbona fide offering thereof.
(h) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, executive officers and controlling persons of the Registrant pursuant to the provisions described in Item 6 above, or otherwise, the Registrant has been advised that in the opinion of the 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 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 Securities Act and will be governed by the final adjudication of such issue.
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 Shanghai, China on October 30, 2013.
| MONTAGE TECHNOLOGY GROUP LIMITED | ||
| By: | /s/ Howard C. Yang | |
| Name: Howard C. Yang | ||
| Title: Chief Executive Officer | ||
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Howard C. Yang and Mark Voll, and each of them, acting individually and without the other, as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, 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 in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated below on October 30, 2013.
Signature | Title | |
| /s/ Howard C. Yang | Chairman and Chief Executive Officer | |
| Howard C. Yang | (principal executive officer) | |
| /s/ Stephen Tai | Director and President | |
| Stephen Tai | ||
| /s/ Mark Voll | Chief Financial Officer | |
| Mark Voll | (principal financial and accounting officer and | |
| Authorized United States representative) | ||
| /s/ Yung Kuei (YK) Yu | Director | |
| Yung Kuei (YK) Yu | ||
| /s/ Cathy Yen | Director | |
| Cathy Yen | ||
| /s/ Jung-Kung (Jackie) Yang | Director | |
| Jung-Kung (Jackie) Yang | ||
| /s/ Edward Way | Director | |
| Edward Way | ||
| /s/ Charles G. Sodini | Director | |
| Charles G. Sodini | ||
| *By | /s/ Mark Voll | |
| Mark Voll | ||
| Attorney-in-Fact |
EXHIBIT INDEX
Exhibits identified in parentheses below are on file with the Commission and are incorporated by reference as exhibits hereto.
Exhibit | Description of Document | |
| 4.1 | Montage Technology Group Limited 2006 Share Incentive Plan and forms option agreements thereunder. | |
| 4.2 | Montage Technology Group Limited 2013 Performance Incentive Plan and forms option agreements thereunder. | |
| 5.1 | Opinion of Conyers Dill & Pearman (Cayman) Limited regarding the validity of the ordinary shares being registered | |
| 23.1 | Consent of PricewaterhouseCoopers Zhong Tian LLP | |
| 23.2 | Consent of Conyers Dill & Pearman (Cayman) Limited (included as part of Exhibit 5.1) | |
| 24.1 | Powers of Attorney (included on signature pages to the Registration Statement) | |
