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As filed with the Securities and Exchange Commission on June 25, 2019 |
Registration No. 333- |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
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FORM S-8 |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
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G-III APPAREL GROUP, LTD. |
(Exact name of registrant as specified in its charter) |
Delaware
(State or other jurisdiction of incorporation or organization) | 41‑1590959
(I.R.S. Employer Identification No.) |
512 Seventh Avenue
New York, New York
(Address of Principal Executive Offices) | 10018
(Zip Code) |
G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended |
(Full title of the plan) |
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Morris Goldfarb, Chief Executive Officer |
G-III Apparel Group, Ltd. |
512 Seventh Avenue |
New York, New York 10018 |
(Name and address of agent for service) |
(212) 403-0500 |
(Telephone number, including area code, of agent for service) |
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Copy to:
Neil Gold, Esq.
Manuel G. Rivera, Esq.
Norton Rose Fulbright US LLP
1301 Avenue of the Americas
New York, New York 10019
Telephone: (212) 318-3000
Facsimile: (212) 318-3400
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
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Title of securities
to be registered | Amount to
be registered (1) | Proposed
maximum offering
price per share (2) | Proposed maximum
aggregate offering
price (2) | Amount of
registration fee |
Common Stock, $0.01 par value | 2,500,000 shares(3) | $27.67 | $69,175,000.00 | $8,384.01 |
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(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement on Form S-8 (this “Registration Statement”) shall also cover an additional indeterminable number of shares of common stock which become issuable under the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (the “Plan”), by reason of any future stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number of outstanding shares of common stock. |
(2) | Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act, based upon $27.67, the average of the high and low sales prices of the registrant’s common stock on the NASDAQ Global Select Market on June 24, 2019. |
(3) | Additional shares of common stock authorized for issuance pursuant to awards made under the Plan as a result of a recent amendment to the Plan. |
EXPLANATORY NOTE
The purpose of this Registration Statement on Form S-8 is to register an additional 2,500,000 shares of common stock, par value $0.01 per share (“Common Stock”), of G-III Apparel Group, Ltd. (the “Company”) for issuance pursuant to awards under the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (the “Plan”). In accordance with General Instruction E of Form S-8, the contents of the Company’s Registration Statement on Form S-8 (File No. 333-205602), filed with the Securities and Exchange Commission (the “Commission”) on July 10, 2015, to register 2,500,000 shares of Common Stock for issuance pursuant to awards under such Plan, is incorporated herein by reference. Effective June 13, 2019, the Company amended the Plan to increase the number of shares of Common Stock that may be issued under the Plan to 5,000,000 shares of Common Stock from 2,500,000 shares of Common Stock.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents and information filed with the Commission by the Company are incorporated herein by reference:
All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act of 1934, as amended, prior to the filing of a post-effective amendment indicating that all of the securities offered hereunder have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents. Any statement contained in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes hereof to the extent that a statement contained herein or in any subsequently filed document that is also incorporated by reference herein modifies or supersedes such statement. Any 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.
The following exhibits are filed herewith as part of this Registration Statement.
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Exhibit
No. | | Description |
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5.1 | | Opinion of Norton Rose Fulbright US LLP. |
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10.1 | | G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K, filed on June 13, 2019). |
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23.1 | | Consent of Norton Rose Fulbright US LLP (included in Exhibit 5.1). |
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23.2 | | Consent of Ernst & Young LLP. |
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24.1 | | Power of Attorney (included on signature page to this Registration Statement). |
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 New York, State of New York, on June 25, 2019.
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| G-III APPAREL GROUP, LTD. |
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| By: | /s/ Neal S. Nackman |
| | Neal S. Nackman |
| | Chief Financial Officer and Treasurer |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints MORRIS GOLDFARB, WAYNE S. MILLER and NEAL S. NACKMAN, and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and his name, place and stead, and in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting to 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 he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.
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.
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Signature | | Title | Date |
/s/ Morris Goldfarb | | Chairman of the Board and Chief Executive Officer (Principal Executive Officer) | June 25, 2019 |
Morris Goldfarb | |
/s/ Neal S. Nackman | | Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) | June 25, 2019 |
Neal S. Nackman | |
/s/ Sammy Aaron | | Director, Vice Chairman and President | June 25, 2019 |
Sammy Aaron | |
/s/ Thomas J. Brosig | | Director | June 25, 2019 |
Thomas J. Brosig | |
/s/ Alan Feller | | Director | June 25, 2019 |
Alan Feller | |
/s/ Jeffrey Goldfarb | | Director | June 25, 2019 |
Jeffrey Goldfarb | |
/s/Victor Herrero | | Director | June 25, 2019 |
Victor Herrero | |
/s/ Jeanette Nostra | | Director | June 25, 2019 |
Jeanette Nostra | |
/s/ Laura Pomerantz | | Director | June 25, 2019 |
Laura Pomerantz | |
/s/ Willem van Bokhorst | | Director | June 25, 2019 |
Willem van Bokhorst | |
/s/ Cheryl Vitali | | Director | June 25, 2019 |
Cheryl Vitali | |
/s/ Richard White | | Director | June 25, 2019 |
Richard White | |
