As filed with the Securities and Exchange Commission on July 27, 2023.
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
FORM S-8
REGISRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
_____________
INTERACTIVE BROKERS GROUP, INC.
(Exact name of registrant as specified in its charter)
| Delaware | | 30-0390693 |
| (State or other jurisdiction | | (I.R.S. Employer |
| of incorporation or organization) | | Identification No.) |
One Pickwick Plaza
Greenwich, Connecticut 06830
(Address of principal executive office)
Interactive Brokers Group, Inc. 2007 Stock Incentive Plan
(Full title of the plan)
Paul J. Brody
Chief Financial Officer
One Pickwick Plaza
Greenwich, Connecticut 06830
(Name and address of agent for service)
(203) 618-5800
(Telephone number, including area code, of agent for service)
With a copy to:
Martin Nussbaum, Esq.
Dechert LLP
1095 Avenue of the Americas
New York, New York 10036
(212) 698-3500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| | | | | | | |
Large accelerated filer ☒ | | | | | | Accelerated filer ☐ |
Non-accelerated filer ☐ | | | | | Smaller reporting company ☐ |
| | | | | | Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Exchange Act. ☐
STATEMENT UNDER GENERAL INSTRUCTION E
REGISTRATION OF ADDITIONAL SECURITIES
This Registration Statement on Form S-8 is filed for the purpose of registering an additional 10,000,000 shares of Class A common stock (“Common Stock”), par value $0.01 per share, of Interactive Brokers Group, Inc. (the “Company”), that may be offered to participants in the Company’s 2007 Stock Incentive Plan (the “2007 Plan”). Such shares are in addition to the 10,000,000 shares registered on the registrant’s
Form S-8 filed on April 10, 2015 (Commission File No. 333-203358), 10,800,000 shares registered on the registrant’s
Form S-8 filed on June 15, 2011 (Commission File No. 333-174913), and the 9,200,000 shares registered on the registrant’s
Form S-8 filed on May 7, 2007 (Commission File No. 333-142686). The 10,000,000 additional shares of Common Stock being registered hereby were approved by the stockholders at the Company’s annual meeting held on April 20, 2023.
Pursuant to General Instruction E to Form S-8, the Registrant’s Registration Statements on Form S-8 previously filed with the Securities and Exchange Commission (the “Commission”) relating to the 2007 Plan (Registration No. 333-174913, No. 333-142686 and 333-203358) are incorporated herein by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law (the “DGCL”) provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a director, officer, employee of or agent to the Company. The statute provides that it is not exclusive of other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise.
As permitted by the DGCL, our certificate of incorporation includes a provision that eliminates the personal liability of our directors for monetary damages for breach of fiduciary duty as a director, except for liability (1) for any breach of the director’s duty of loyalty to us or our stockholders; (2) for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law; (3) under Section 174 of the DGCL regarding unlawful dividends and stock purchases; or (4) arising as a result of any transaction from which the director derived an improper personal benefit.
As permitted by the DGCL, our bylaws provide that (1) we are required to indemnify our directors and officers to the fullest extent permitted by applicable law; (2) we are permitted to indemnify our other employees to the extent permitted by applicable statutory law; (3) we are required to advance expenses to our directors and officers in connection with any legal proceeding, subject to the provisions of applicable statutory law; and (4) the rights conferred in our bylaws are not exclusive.
In addition, Delaware law provides that a corporation may advance to a director or officer expenses incurred in defending any action upon receipt of an undertaking by or on behalf of the director or officer to repay the amount advanced if it is ultimately determined that he or she is not entitled to indemnification.
The Company’s directors and officers are also indemnified by IBG LLC pursuant to the Indemnification Agreement dated June 14, 2007 and by Mr. Thomas Peterffy pursuant to the Indemnification Agreement dated October 7, 2008 and subsequently renewed. The registrant maintains directors’ and officers’ liability insurance covering certain liabilities incurred by the directors and officers of the registrant in connection with the performance of their duties.
Item 8. Exhibits.
| | | |
| Exhibit | | |
| Number | | Description |
| | | |
| 3.1 | | |
3.2 | | |
| 5.1 | | |
| 10.1 | | |
| 23.1 | | Consent of Dechert LLP (included in Exhibit 5.1 hereto). |
| 23.2 | | |
| 24.1 | | Power of Attorney of directors and certain officers of the Registrant (included on Signature Page). |
107.1 |
| Filing Fee Table. |
_____________
| | | |
| ** | | Previously filed; incorporated herein by reference. |
| | | |
| + | | These exhibits relate to management contracts or compensatory plans or arrangements. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 (the “Securities Act”), 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 Greenwich, State of Connecticut on July 27, 2023.
| .16 | | | |
| | INTERACTIVE BROKERS GROUP, INC. | |
| | | |
| By: | /s/ Paul J. Brody | |
| Paul J. Brody |
| Chief Financial Officer, Treasurer and Secretary |
| | | | |
KNOW ALL PERSONS BY THESE PRESENTS, that each of the persons whose names appear below constitute and appoint Thomas Peterffy and Paul J. Brody, and each of them, his true and lawful attorney in fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to execute any and all amendments (including post-effective amendments) to this Registration Statement (or any other registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933), and to file the same, together with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, and such other agencies, offices and persons as may be required by applicable law, granting unto said attorney in fact and agent, full power and authority to do and perform each and every act and thing requisite or 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 each said attorney-in-fact and agent 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 dates indicated.
| Signature | | Title | | Date |
| | | | | |
/s/ THOMAS PETERFFY | | Chairman of the Board of Directors | | July 27, 2023 |
Thomas Peterffy | | | | |
| | | | | |
/s/ EARL H. NEMSER | | Vice Chairman and Director | | July 27, 2023 |
Earl H. Nemser | | | | |
| | | | | |
/s/ MILAN GALIK | | Chief Executive Officer and President | | July 27, 2023 |
Milan Galik | | (Principal Executive Officer) | | |
| | | | | |
/s/ DENIS MENDONCA | | Chief Accounting Officer | | July 27, 2023 |
Denis Mendonca | | (Principal Accounting Officer) | | |
| | | | | |
/s/ LAWRENCE E. HARRIS | | Director | | July 27, 2023 |
Lawrence E. Harris | | | | |
| | | | | |
/s/ PHILIP UHDE | | Director | | July 27, 2023 |
Philip Uhde | | | | |
| | | | | |
/s/ NICOLE YUEN | | Director | | July 27, 2023 |
Nicole Yuen | | | | |
| | | | | |
/s/ JILL BRIGHT | | Director | | July 27, 2023 |
Jill Bright | | | | |
| | | | | |
