As filed with the Securities and Exchange Commission on May 13, 2019
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
PATRIOT TRANSPORTATION HOLDING, INC.
(Exact name of registrant as specified in its charter)
| Florida | | 47-2482414 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| | | |
200 W. Forsyth St., 7th Floor Jacksonville, FL | | 32202 |
(Address of Principal Executive Offices) | | (Zip Code) |
Patriot Transportation Holding, Inc. 2014 Equity Incentive Plan
(Full title of the plan)
Robert E. Sandlin
President & Chief Executive Officer
200 W. Forsyth St.
7th Floor
Jacksonville, FL 32202
(904) 396-5733
Copies to:
Daniel B. Nunn, Jr.
Nelson Mullins
50 North Laura Street, 41st Floor
Jacksonville, FL 32202
daniel.nunn@nelsonmullins.com
(Name and address of agent for service)
(904) 665- 3601
(Telephone number, including area code, of agent for service)
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 Securities Act. ☐
CALCULATION OF REGISTRATION FEE
| Title of securities to be registered | Amount to be
registered(1) | Proposed maximum
offering price
per share | Proposed maximum
aggregate offering
price | Amount of
registration fee |
| 2014 Patriot Transportation Holding, Inc. Equity Incentive Plan (Common Stock, $0.10 par value) | 250,000(2) | $19.25(3) | $4,812,500(3) | $583.28 |
| (1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (“Securities Act”) this Registration Statement shall also cover any additional shares of common stock of Patriot Transportation Holding, Inc. (“Registrant”) that become issuable under the Patriot Transportation Holding, Inc. 2014 Equity Incentive Plan (the “2014 Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant’s outstanding shares of common stock. |
| (2) | Represents additional shares of Registrant’s common stock issuable under the 2014 Plan. |
| (3) | Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purposes of calculating the registration fee, and is based upon the filing of $19.25 per share of Registrant’s Common Stock, which was the average of the high and low prices of the Registrant’s Common Stock as reported on the Nasdaq Stock Market on May 9, 2019. |
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by the Registrant to register 250,000 additional shares of the Registrant’s common stock, par value $0.10 per share, reserved for issuance under the 2014 Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
Pursuant to General Instruction E of Form S-8 regarding Registration of Additional Securities, the contents of the Registration Statement on Form S-8 filed with the Securities and Exchange Commission (the “Commission”) on January 30, 2015 (File No. 333-201792) are hereby incorporated by reference in this Registration Statement to the extent not replaced hereby.
The following documents are hereby incorporated by reference into this Registration Statement:
| a. | The Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2018, filed with the Commission on December 12, 2018, pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); |
| b. | All other reports filed with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act (other than the reports, or portions thereof, deemed to have been furnished and not filed with the Commission) since the end of the fiscal year covered by the Annual Report referred to in (b) above. |
| c. | The description of the Registrant’s common stock contained in its Information Statement, filed as Exhibit 99.1 to the Registrant’s Form 10 filed with the Commission on August 22, 2014 (File No. 001-36605) under the Exchange Act, including any amendment or report filed for the purpose of updating such description. |
All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and 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 subsequently filed document that 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 8. EXHIBITS
| Exhibit No. | | Exhibit |
| | | |
| 4.1 | | Amended and Restated Articles of Incorporation of Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 3.1 of Amendment No. 3 to the Company's Registration Statement on Form 10, filed on October 30, 2014, File No. 001-36605) |
| | | |
| 4.2 | | Bylaws of Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 4.2 of the Company's Registration Statement on Form S-8, filed on January 30, 2015, File No. 333-201792) |
| | | |
| 4.3 | | Form of Specimen Certificate for Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 4.3 of the Company's Registration Statement on Form S-8, filed on January 30, 2015, File No. 333-201792) |
| | | |
| 4.4 | | Patriot Transportation Holding, Inc. Equity Incentive Plan (incorporated by reference to Exhibit 10.4 of Amendment No. 1 to Patriot's Registration Statement on Form 10, filed on October 2, 2014, File No. 001-36605) |
| | | |
| 4.5* | | First Amendment to Patriot Transportation Holding, Inc. Equity Incentive Plan |
| | | |
| 5.1* | | Opinion and consent of Nelson Mullins Riley & Scarborough LLP |
| | | |
| 23.1* | | Consent of Hancock Askew & Co., LLC, Independent Registered Public Accounting Firm |
| | | |
| 23.2* | | Consent of Nelson Mullins Riley & Scarborough LLP is contained in Exhibit 5.1. |
| | | |
| 24.1 | | Power of Attorney (included in the signature page of this Registration Statement) |
* Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Jacksonville, State of Florida effective this 10th day of May, 2019.
PATRIOT TRANSPORTATION HOLDING, INC.
| By:/s/ Robert E. Sandlin | |
| Robert E. Sandlin | |
| President & Chief Executive Officer | |
POWER OF ATTORNEY AND SIGNATURES
Each person whose signature appears below hereby appoints the Chief Executive Officer and Chief Financial Officer, and each of them, severally, as his or her true and lawful attorney or attorneys-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including all pre-effective and post-effective amendments and registration statements filed pursuant to Rule 462 under the Securities Act of 1933), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, 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 below by the following persons in the capacities indicated effective this 10th day of May, 2019.
| Signature | | Title |
| | | |
| /s/ Robert E. Sandlin | | President, Chief Executive Officer and Director |
| Robert E. Sandlin | | (Principal Executive Officer) |
| | | |
| /s/ Matthew C. McNulty | | Vice President and Chief Financial Officer |
| Matthew C. McNulty | | (Principal Financial Officer) |
| | | |
| /s/ John D. Klopfenstein | | Controller and Chief Accounting Officer |
| John D. Klopfenstein | | (Principal Accounting Officer) |
| | | |
| /s/ John E. Anderson | | Director |
| John E. Anderson | | |
| | | |
| /s/ Thompson S. Baker II | | Director |
| Thompson S. Baker II | | |
| | | |
| /s/ Edward L. Baker | | Director |
| Edward L. Baker | | |
| | | Director |
| Luke E. Fichthorn III | | |
| | | |
| /s/ Charles D. Hyman | | Director |
| Charles D. Hyman | | |
EXHIBIT INDEX
| Exhibit No. | | Exhibit |
| | | |
| 4.1 | | Amended and Restated Articles of Incorporation of Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 3.1 of Amendment No. 3 to the Company's Registration Statement on Form 10, filed on October 30, 2014, File No. 001-36605) |
| | | |
| 4.2 | | Bylaws of Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 4.2 of the Company's Registration Statement on Form S-8, filed on January 30, 2015, File No. 333-201792) |
| | | |
| 4.3 | | Form of Specimen Certificate for Patriot Transportation Holding, Inc. (incorporated by reference to Exhibit 4.3 of the Company's Registration Statement on Form S-8, filed on January 30, 2015, File No. 333-201792) |
| | | |
| 4.4 | | Patriot Transportation Holding, Inc. Equity Incentive Plan (incorporated by reference to Exhibit 10.4 of Amendment No. 1 to Patriot's Registration Statement on Form 10, filed on October 2, 2014, File No. 001-36605) |
| | | |
| 4.5* | | First Amendment to Patriot Transportation Holding, Inc. Equity Incentive Plan |
| | | |
| 5.1* | | Opinion and consent of Nelson Mullins Riley & Scarborough LLP |
| | | |
| 23.1* | | Consent of Hancock Askew & Co., LLC, Independent Registered Public Accounting Firm |
| | | |
| 23.2* | | Consent of Nelson Mullins Riley & Scarborough LLP is contained in Exhibit 5.1. |
| | | |
| 24.1 | | Power of Attorney (included in the signature page of this Registration Statement) |
* Filed herewith
