As filed with the Securities and Exchange Commission on June 30, 2022
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
ADC THERAPEUTICS SA
(Exact name of registrant as specified in its charter)
| Switzerland | | Not Applicable |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
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Biopôle, Route de la Corniche 3B, 1066 Epalinges, Switzerland (Address of Principal Executive Offices) |
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| ADC Therapeutics SA 2022 Employee Stock Purchase Plan |
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| | ADC Therapeutics America, Inc. 430 Mountain Avenue, 4th Floor 135 Route 202/206 Murray Hill, NJ 07974 (Name and Address of Agent For Service) (908) 546-5556 | |
| (Telephone number, Including Area Code, of Agent For Service) |
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| Copies of all communications, including all communications sent to the agent for service, should be sent to: |
| | Deanna L. Kirkpatrick Yasin Keshvargar Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 (212) 450-4000 | |
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 x | Accelerated filer o |
| Non-accelerated filer o | Smaller reporting company o |
| (Do not check if a smaller reporting company) | Emerging Growth Company o |
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. o
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the “Commission”) and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated herein by reference:
(a) ADC Therapeutics SA’s (the “Registrant”) Annual Report on Form 20-F for the year ended December 31, 2021, which contains the Registrant’s audited financial statements for the latest fiscal year for which such statements have been filed.
(b) The Registrant’s Report on Form 6-K filed with the Commission on May 9, 2022 (other than Exhibit 99.3 thereto);
(c) The description of the Registrant’s share capital which is contained in the Registrant’s Registration Statement Form 8-A, dated May 11, 2020, including any amendments or supplements thereto.
In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), 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, including any Reports of Foreign Private Issuers on Form 6-K submitted during such period (or portion thereof) that is identified in such form as being incorporated by reference into this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of the filing of such documents. The Registrant is not incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed “filed” with the Commission.
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 incorporated or 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 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Under Swiss law, a corporation may indemnify its directors or officers against losses and expenses (except for such losses and expenses arising from willful misconduct or negligence, although legal scholars advocate that at least gross negligence be required), including attorney’s fees, judgments, fines and settlement amounts actually and reasonably
incurred in a civil or criminal action, suit or proceeding by reason of having been the representative of, or serving at the request of, the corporation.
Subject to Swiss law, the Registrant’s amended and restated articles of association provides for indemnification of the existing and former members of the Registrant’s board of directors, executive committee as well as their heirs, executors and administrators, against liabilities arising in connection with the performance of their duties in such capacity, and the Registrant’s amended and restated articles of association requires the Registrant to advance the expenses of defending any act, suit or proceeding to existing and former members of the Registrant’s board of directors and executive committee to the extent not included in insurance coverage or advanced by third parties.
In addition, under general principles of Swiss employment law, an employer may be required to indemnify an employee against losses and expenses incurred by such employee in the proper execution of their duties under the employment agreement with the company.
The Registrant has entered into indemnification agreements with each of the members of its board of directors and executive committee. The indemnification agreements and our articles of association require us to indemnify our executive officers and directors to the fullest extent permitted by law.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant, 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.
Item 8. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Registration Statement and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Epalinges, Switzerland on June 30, 2022.
| | ADC THERAPEUTICS SA | |
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| | By: | /s/ Ameet Mallik | |
| | Name: | Ameet Mallik | |
| | Title: | Chief Executive Officer | |
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Ameet Mallik, Michael Forer and Jennifer Creel and each of them, individually, as his or her true and lawful attorneys-in-fact and agents, 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, in connection with this registration statement, including to sign in the name and on behalf of the undersigned, this registration statement and any and all amendments thereto, including post-effective amendments and registrations filed pursuant to Rule 462 under the Securities Act, as amended, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto each such attorney-in-fact and agent full power and authority to do and perform each and every act in person, hereby ratifying and confirming all that each said attorney-in-fact and agent, or his or her 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 and on the dates indicated.
| Signature | | Title | Date |
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| /s/ Ameet Mallik | | Chief Executive Officer and Director | June 30, 2022 |
| Ameet Mallik | | (Principal Executive Officer) | |
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| /s/ Jennifer Creel | | Chief Financial Officer | June 30, 2022 |
| Jennifer Creel | | (Principal Financial Officer) | |
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| /s/ Robert A. Schmidt | | Senior Vice President, Corporate Controller and Chief Accounting Officer | June 30, 2022 |
| Robert A. Schmidt | | (Principal Accounting Officer) | |
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| /s/ Ron Squarer | | | June 30, 2022 |
| Ron Squarer | | Chairman of the Board of Directors | |
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| /s/ Michael Forer | | | June 30, 2022 |
| Michael Forer | | Vice Chairman of the Board of Directors | |
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/s/ Viviane Monges | | Director | June 30, 2022 |
| Viviane Monges | | | |
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| /s/ Jean-Pierre Bizzari | | | June 30, 2022 |
| Jean-Pierre Bizzari | | Director | |
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| /s/ Stephen Evans-Freke | | | June 30, 2022 |
| Stephen Evans-Freke | | Director | |
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| /s/ Peter Hug | | | June 30, 2022 |
| Peter Hug | | Director | |
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| /s/ Christopher Martin | | | June 30, 2022 |
| Christopher Martin | | Director | |
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| /s/ Thomas Pfisterer | | | June 30, 2022 |
| Thomas Pfisterer | | Director | |
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| /s/ Tyrell J. Rivers | | | June 30, 2022 |
| Tyrell J. Rivers | | Director | |
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| /s/ Victor Sandor | | | June 30, 2022 |
| Victor Sandor | | Director | |
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| /s/ Jacques Theurillat | | | June 30, 2022 |
| Jacques Theurillat | | Director | |
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| /s/ Jennifer Creel | | | June 30, 2022 |
| Jennifer Creel | | Authorized Representative in the United States | |
| ADC Therapeutics America, Inc. | | | |
