As filed with the Securities and Exchange Commission on: October 24, 1997.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
United Petroleum Corporation
(Exact name of registrant as specified in its charter)
Delaware 13-310494
(State of incorporation) (I.R.S. Employer I.D. Number)
1111 Northshore Drive - Suite N. 425
Knoxville, Tennessee 37919
(Address of principal executive offices) (zip code)
United Petroleum Corporation 1994 Stock Option
and Stock Bonus Plan and the 1997 Amendment #2
Full Title of the Plan
Mr. Michael F. Thomas, President
United Petroleum Corporation
1111 Northshore Drive - Suite N. 425
Knoxville, Tennessee 37919
(Name and address of agent for service)
(423) 909-0890
(Telephone number, including area code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of Amount To Proposed Proposed Amount
Class of Be Maximum Maximum of Fee
Securities Registered Price per Offering
To Be (1) Share(2) Price
Registered
========================= ======================= ======================== ===================== =====================
Common 1,000,000 $0.265625 $265,625 $80.49
Stock,
$.01 par
value
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(1) This registration statement covers 1,000,000 shares, the increased
number of shares for which options may be granted or bonus shares issued under
the 1994 Stock Option and Stock Bonus Plan as the result of the 1997 Amendment
#2 to the 1994 Stock Option and Stock Bonus Plan. In addition, this registration
statement covers such additional indeterminate number of shares of Common Stock
as may be issued upon exercise of options by reason of adjustments in the number
of shares of Common Stock pursuant to anti-dilution provisions contained in the
plan under which the options were granted. Because such additional shares of
Common Stock will, if issued, be issued for no additional consideration, no
registration fee is required.
(2) Estimated solely for calculation of the amount of the registration
fee. All shares of Common Stock are being offered to employees (as said term is
defined in the General Instructions to the Form S-8) who are not restricted as
to the price or prices at which such securities may be sold. It is anticipated
that such securities will be offered at prices approximating fluctuating market
prices. Therefore, pursuant to Rule 457 of the Securities Act of 1933, as
amended, the registration fee has been calculated based upon the higher of (i)
the average of $0.25 per share and $0.28125 per share, the bid and asked prices
of the Company's Common Stock on October 21, 1997 as reported by The NASDAQ
Stock Market, Small Cap Market, or (ii) the maximum exercise price per share for
shares of common stock issuable upon exercise of options to purchase common
stock.
2
Prior Registration Statement
This registration statement on Form S-8 relates to registration
statements on Form S-8, file no. 33-86206, filed on November 8, 1994, which
registered shares issuable in accordance with the terms of the 1994 Stock Option
and Stock Bonus Plan, and which was amended by amendment filed with the
Securities and Exchange Commission on May 8, 1995, Registration Statement on
Form S-8, file no. 33-92054, by amendment filed with the SEC on September 3,
1996, Registration Statement on Form S-8, file no. 333-11293 and by amendment
filed with the SEC on May 22, 1997, Registration Statement on Form S-8, file no.
333-27627 and such registration statements are incorporated by reference herein.
Additional Information
This registration statement of Form S-8 covers 1,000,000 shares, the
increased number of shares for which options may be granted or bonus shares
issued under the 1994 Stock Option and Stock Bonus Plan (the "Plan"), as amended
by the 1997 Amendment #2 to the Plan.
Item 8. Exhibits.
4.1 One Capital Advisory Agreement*
4.2 Wood Capital Associates Consulting Agreement*
4.3 United Petroleum Corporation 1994 Stock Option and Stock Bonus Plan*
4.4 1995 Amendment to United Petroleum Corporation 1994 Stock Option and Stock
Bonus Plan**
4.5 1996 Amendment to United Petroleum Corporation 1994 Stock Option and Stock
Bonus Plan. ***
4.6 Agreement between M.A.G. & Associates, Inc. and United Petroleum
Corporation**
4.7 Agreement between Strategic Holdings Corporation and United Petroleum
Corporation ***
4.8 1997 Amendment to United Petroleum Corporation 1994 Stock Option and Stock
Bonus Plan.****
4.9 Agreement between Joel Brownstein and United Petroleum Corporation dated
April 25, 1997.****
4.10 1997 Amendment #2 to United Petroleum Corporation 1994 Stock Option and
Stock Bonus Plan.
3
4.11 Consulting Agreement between Equity Management Partners and United
Petroleum Corporation dated January 2, 1997.
4.12 Agreement between Sound Capital, Inc. and United Petroleum Corporation
dated June 8, 1997.
5.1 Opinion of Brenman Key & Bromberg, PC.*
5.2 Opinion of Robson & Miller, LLP
24.1 Consent of Reel & Swafford, PLLC
24.2 Consent of Robson & Miller, LLP which is contained in Exhibit No. 5.2
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*Incorporated by reference to Registration Statement on Form S-8,
no. 33-86206 filed on November 8, 1994.
**Incorporated by reference to Registration Statement on Form S-8,
no. 33-92054 filed on May 8, 1995.
*** Incorporated by reference to Registration Statement on Form S-8,
no. 333-11293 filed on September 3, 1996.
**** Incorporated by reference to Registration Statement on Form S-8,
no. 333-27627 filed on May 22, 1997.
[Rest of Page Intenionally Left Blank]
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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 Knoxville, State of Tennessee, on October 21, 1997
UNITED PETROLEUM CORPORATION
(Registrant)
By: s/Michael F. Thomas
---------------------------------
Michael F. Thomas, President
Pursuant to the requirements of the Securities Act of 1933, this report
has been signed below by the following persons on behalf of the registrant and
in their capacities and on the dates indicated.
Signature Title Date
s/Michael F. Thomas Chief Executive October 21, 1997
- -------------------------- Officer, and
Michael F. Thomas Director
s/Dwight S. Thomas Director October 21, 1997
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Dwight S. Thomas
s/Neal Melnick Director October 21, 1997
- --------------------------
Neal Melnick
s/Walter Helton Director October 21, 1997
- --------------------------
Walter Helton
s/Arthur H. VanBuren Director October 22, 1997
- --------------------------
Arthur H. VanBuren
Director October , 1997
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Antonio Julio Gonzales
5
Director October , 1997
- --------------------------
Eugenio Rolando Martinez
Director October , 1997
- --------------------------
Steven Bauer
s/Charles Lobetti Principal Financial October 21, 1997
- -------------------------- and Accounting
Charles Lobetti Officer
6