1 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 28, 2000 REGISTRATION NO. 333-31396 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NEW FOCUS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) CALIFORNIA (PRIOR TO REINCORPORATION) DELAWARE 3674 33-0404910 (AFTER REINCORPORATION) (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER (STATE OR OTHER JURISDICTION OF CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER) INCORPORATION OR ORGANIZATION) 2630 WALSH AVENUE SANTA CLARA, CALIFORNIA 95051-0905 (408) 980-8088 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) KENNETH E. WESTRICK PRESIDENT AND CHIEF EXECUTIVE OFFICER 2630 WALSH AVENUE SANTA CLARA, CALIFORNIA 95051-0905 (408) 980-8088 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE) ------------------------ COPIES TO: JUDITH M. O'BRIEN, ESQ. NORA L. GIBSON, ESQ. ALISANDE M. ROZYNKO, ESQ. LAURA M. DE PETRA, ESQ. MARGO M. EAKIN, ESQ. LORA D. BLUM, ESQ. EDWARD F. VERMEER, ESQ. BROBECK PHLEGER & HARRISON LLP WILSON SONSINI GOODRICH & ROSATI ONE MARKET, SPEAR STREET TOWER PROFESSIONAL CORPORATION SAN FRANCISCO, CALIFORNIA 94105 650 PAGE MILL ROAD (415) 442-0900 PALO ALTO, CA 94304 (650) 493-9300 APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. [ ] If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If delivery of the prospectus is expected to be made pursuant to Rule 434, check the following box. [ ] CALCULATION OF REGISTRATION FEE - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ PROPOSED MAXIMUM TITLE OF EACH CLASS OF AGGREGATE AMOUNT OF SECURITIES TO BE REGISTERED OFFERING PRICE(1)(2) REGISTRATION FEE(3) - ------------------------------------------------------------------------------------------------------------ Common Stock, $0.001 par value.............................. $86,250,000 $22,770 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ (1) Includes shares which the underwriters have the option to purchase to cover over-allotments, if any. (2) Estimated solely for the purpose of Rule 457(o) of the Securities Act of 1933 solely for the purpose of computing the amount of the registration fee. (3) A registration fee of $22,770 was paid in connection with the initial filing on March 1, 2000. THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL HEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE SECURITIES AND EXCHANGE COMMISSION, ACTING PURSUANT TO SUCH SECTION 8(a), MAY DETERMINE. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 EXPLANATORY NOTE The purpose of this Amendment No. 2 to the Registration Statement is solely to file certain exhibits to the Registration Statement, as set forth below in Item 16(a) of Part II. 3 PART II INFORMATION NOT REQUIRED IN PROSPECTUS ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION The following table sets forth the costs and expenses, other than underwriting discounts and commissions, payable by New Focus, Inc. in connection with the sale of Common Stock being registered. All amounts are estimates except the SEC registration fee and the NASD filing fee. SEC registration fee........................................ $22,770 NASD filing fee............................................. 9,125 Nasdaq National Market listing fee.......................... * Printing and engraving costs................................ * Legal fees and expenses..................................... * Accounting fees and expenses................................ * Blue Sky fees and expenses.................................. 3,000 Transfer Agent and Registrar fees........................... * Miscellaneous expenses...................................... * ------- Total....................................................... $ * ======= - ------------------------- * To be filed by amendment. ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS Section 145 of the Delaware General Corporation Law permits a corporation to include in its charter documents, and in agreements between the corporation and its directors and officers, provisions expanding the scope of indemnification beyond that specifically provided by the current law. The Registrant's Certificate of Incorporation provides for the indemnification of directors to the fullest extent permissible under Delaware law. The Registrant's Bylaws provides for the indemnification of officers, directors and third parties acting on behalf of the Registrant if such person acted in good faith and in a manner reasonably believed to be in and not opposed to the best interest of the Registrant, and, with respect to any criminal action or proceeding, the indemnified party had no reason to believe his or her conduct was unlawful. The Registrant has entered into indemnification agreements with its directors and executive officers, in addition to indemnification provided for in the Registrant's Bylaws, and intends to enter into indemnification agreements with any new directors and executive officers in the future. ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES Since inception, we have issued unregistered securities to a limited number of persons as described below: None of these transactions involved any underwriters, underwriting discounts or commissions, or any public offering, and we believe that each transaction was exempt from the registration requirements of the Securities Act by virtue of Section 4(2) thereof, Regulation D promulgated thereunder or Rule 701 pursuant to compensatory benefit plans and contracts relating to compensation as provided under such Rule 701. The recipients of securities in each such transaction represented their intention to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were affixed to the share certificates and instruments issued in such transactions. All recipients had adequate access, through their relationships with us, to information about us. - ------------------------- (1) On April 18, 1990, we sold 400,000 shares of common stock to Milton Chang at a purchase price of $.005 per share. On April 18, 1990, the Board of Directors granted Milton Chang an option outside II-1 4 of our Stock Option Plan for 800,000 shares of our Common Stock at an exercise price of $.0025. Mr. Chang exercised this option on January 19, 2000. (2) From February 28, 1997 through January 31, 2000, (the most recent practicable date) we granted stock options to acquire an aggregate of 5,826,000, 422,000 and 1,989,200 shares of our common stock at prices ranging from $.46 to $1.25, $.62 to $.62 and from $.62 to $1.25 to employees, consultants and directors pursuant to our 1990 Incentive Stock Option Plan, 1998 Stock Plan and 1999 Stock Plan, respectively. (3) From April, 1991 through February, 1992, we issued 8,640,000 shares of Series A preferred stock to Milton Chang pursuant to a series of put-option agreements at a price of $.1250. (4) From May, 1990 through January 1991 we sold 15,160,000 shares of Series A Preferred Stock for $.125 per share to a group of private investors for an aggregate purchase price of $1,895,000. (5) On December 10, 1993, we sold 1,000,000 shares of Series B Preferred Stock for $0.25 per share to a group of private investors for an aggregate purchase price of $250,000. (6) On July 24, 1998, we sold 600,000 shares of Series C Preferred Stock for $.85 per share to a group of private investors for an aggregate purchase price of $510,000. (7) On July 31, 1998, and August 6, 1998, we sold 3,977,000 shares of Series D Preferred Stock for $1.00 per share to a group of private investors for an aggregate purchase price of $3,977,000. (8) On February 9, 1999, in connection with a Loan and Security Agreement, we issued a warrant to purchase 140,000 shares of Series D Preferred Stock at an exercise price of $1.00 to Venture Lending and Leasing II, Inc. (9) On June 14, 1999, we sold 10,857,616 shares of Series E Preferred Stock for $1.20 per share to a group of private investors for an aggregate purchase price of $13,029,139.20. (10) We entered into a Technology Transfer Agreement dated June 24, 1999, with Peter Chen pursuant to which we purchased certain technology from Mr. Chen in consideration for options to purchase 230,000 shares of our common stock at the fair market value and the sum of $220,000. Additional terms and conditions are set forth in such Technology Transfer Agreement. (11) On October 15, 1999, we sold 1,113,800 shares of Series F Preferred for $1.20 per share to a group of private investors for an aggregate purchase price of $1,336,560. (12) On November 23, 1999, we sold 9,350,728 shares of Series G Preferred for $3.25 per share to a group of private investors for an aggregate purchase price of $30,389,866. (13) On March 3, 1999 and November 1, 1999, we entered into consulting agreements with John Dexheimer, one of our directors, for services rendered in connection with the Series E, Series F and Series G Preferred Stock financings. Pursuant to these agreements, Mr. Dexheimer received warrants to purchase 111,792 shares of Series E Preferred Stock at a price per share of $1.20. (14) On February 28, 2000, we issued rights to 116,000 shares of our stock in connection with a business acquisition. For additional information concerning these equity investment transactions, reference is made to the information contained under the caption "Certain Transactions" in the form of prospectus included herein. The sales of the above securities were deemed to be exempt from registration in reliance on Rule 701 promulgated under Section 3(b) under the Securities Act as transactions pursuant to a compensatory benefit plan or a written contract relating to compensation, or in reliance on Section 4(2) of the Securities Act or Regulation D promulgated thereunder as transactions by an issuer not involving any public offering. The recipients of securities in each such transaction represented their intention to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof and appropriate legends were affixed to the share certificates and other instruments issued in such transactions. II-2 5 All recipients either received adequate information about New Focus, Inc. or had access, through employment or other relationships, to such information. ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (a) EXHIBITS EXHIBIT NUMBER DESCRIPTION - ------- ----------- 1.1* Form of Underwriting Agreement 3.1** Amended and Restated Certificate of Incorporation of the Registrant 3.2** Bylaws of the Registrant 4.1* Form of stock certificates 4.2 Warrant to Purchase Series D Preferred Stock dated February 1999, between Registrant and Venture Lending and Leasing, see Exhibit 10.15. 4.3** Warrant to Purchase Series E Preferred Stock dated February 9, 2000, between Registrant and John Dexheimer. 4.4** Warrant to Purchase Series E Preferred stock dated February 9, 2000, between Registrant and Pamela York. 5.1* Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation 10.1** Form of Indemnification Agreement between the Registrant and each of its directors and officers 10.2** 2000 Stock Plan 10.3** 2000 Employee Stock Purchase Plan 10.4** 2000 Director Option Plan and form of agreement thereunder 10.5** Form of Amendment to New Focus, Inc. Non Statutory Stock Option Agreement, Restated Stock Purchase Agreement, including Security Agreement and Promissory Note between Registrant and Kenneth E. Westrick, Paul Smith, Bao-Tong Ma, George Yule, Robert Marsland, Timothy Day, dated January 12, 2000. 10.6** Premises Lease Contract between Registrant and Shenzhen New and High-tech Village Development Company dated September 23, 1999. 10.7** Lease Agreement between Registrant and Silicon Valley Properties dated December 23, 1999. 10.8+ Agreement on Terms and Conditions of Purchase and Sale of Optical Components between Registrant and Corning, Incorporated dated January 1, 2000. 10.9** Lease Agreement between Focused Research Inc. and University Science Center Partnership, dated May 22, 1996, as amended, June 19, 1997. 10.10** Fifth Amended and Restated Registration Rights Agreement 10.11+ Development Agreement between Registrant and Hewlett-Packard GmbH dated December 23, 1996. 10.12+ Addendum to the Development Agreement between Registrant and Hewlett-Packard GmbH dated November 6, 1997. 10.13+ Addendum No. 2 to the Development Agreement of December 23, 1996 between Registrant and Agilent Technologies Deutschland GmbH dated December 10, 1999. 10.14+ Memorandum of Agreement between Registrant and Alcatel USA Sourcing, L.P. dated January 7, 2000. 10.15 Loan and Security Financing Agreement between Registrant and Venture Lending and Leasing II, Inc. 21.1** List of Subsidiaries 23.1** Consent of Ernst & Young LLP, Independent Auditors 23.2* Consent of Counsel (see Exhibit 5.1) 24.1** Power of Attorney 27.1* Financial Data Schedules - ------------------------- + The Registrant will request confidential treatment with respect to certain portions of this Exhibit. The omitted portions will be separately filed with the Commission. * To be filed by amendment. ** Previously filed. II-3 6 (b) FINANCIAL STATEMENT SCHEDULES SCHEDULE II -- VALUATION AND QUALIFYING ACCOUNTS ALLOWANCE FOR DOUBTFUL ACCOUNTS: ADDITIONS- BALANCES AT CHARGED TO BALANCES BEGINNING COSTS AND DEDUCTIONS- AT END OF OF PERIOD EXPENSES WRITE-OFFS PERIOD ----------- ---------- ----------- --------- Year ended March 31, 1998...................... $ 70 $ 63 -- $$133 Year ended March 31, 1999...................... $133 $ 40 $(38) $135 Nine months ended December 31, 1999............ $135 $ 39 $(14) $160 Schedules other than that listed above have been omitted since they are not required or are not applicable or the required information is shown in the financial statements or related notes. ITEM 17. UNDERTAKINGS The undersigned Registrant hereby undertakes to provide to the Underwriters at the closing specified in the Underwriting Agreement certificates in such denominations and registered in such names as required by the Underwriters to permit prompt delivery to each purchaser. Insofar as indemnification by the Registrant for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions referenced in Item 14 of this Registration Statement or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by a director, officer or controlling person in connection with the securities being registered hereunder, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. The undersigned Registrant hereby undertakes that: (1) For purposes of determining any liability under the Securities Act, the information omitted from the form of Prospectus filed as part of this Registration Statement in reliance upon Rule 430A and contained in a form of Prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this Registration Statement as of the time it was declared effective. (2) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of Prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. II-4 7 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Amendment No. 2 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Clara, State of California, on the 28th day of March, 2000. NEW FOCUS, INC. By: /s/ KENNETH E. WESTRICK ------------------------------------ Kenneth E. Westrick President and Chief Executive Officer Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment No. 2 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated: SIGNATURE TITLE DATE --------- ----- ---- /s/ KENNETH E. WESTRICK President, Chief Executive March 28, 2000 - -------------------------------------------------------- Officer and Director Kenneth E. Westrick (Principal Executive Officer) WILLIAM L. POTTS, JR.* Chief Financial Officer March 28, 2000 - -------------------------------------------------------- (Principal Financial and William L. Potts, Jr. Accounting Officer) CHARLES BOPPELL* Director March 28, 2000 - -------------------------------------------------------- Charles Boppell DR. MILTON CHANG* Director March 28, 2000 - -------------------------------------------------------- Dr. Milton Chang JOHN DEXHEIMER* Director March 28, 2000 - -------------------------------------------------------- John Dexheimer DR. WINSTON FU* Director March 28, 2000 - -------------------------------------------------------- Dr. Winston Fu R. CLARK HARRIS* Director March 28, 2000 - -------------------------------------------------------- R. Clark Harris ROBERT D. PAVEY* Director March 28, 2000 - -------------------------------------------------------- Robert D. Pavey *By: /s/ KENNETH E. WESTRICK ------------------------------------------------ Kenneth E. Westrick Attorney-in-fact II-5 8 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ------- ----------- 1.1* Form of Underwriting Agreement 3.1** Amended and Restated Certificate of Incorporation of the Registrant 3.2** Bylaws of the Registrant 4.1* Form of stock certificates 4.2 Warrant to Purchase Series D Preferred Stock dated February 1999, between Registrant and Venture Lending and Leasing, see Exhibit 10.15. 4.3** Warrant to Purchase Series E Preferred Stock dated February 9, 2000, between Registrant and John Dexheimer. 4.4** Warrant to Purchase Series E Preferred stock dated February 9, 2000, between Registrant and Pamela York. 5.1* Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation 10.1** Form of Indemnification Agreement between the Registrant and each of its directors and officers 10.2** 2000 Stock Plan 10.3** 2000 Employee Stock Purchase Plan 10.4** 2000 Director Option Plan and form of agreement thereunder 10.5** Form of Amendment to New Focus, Inc. Non Statutory Stock Option Agreement, Restated Stock Purchase Agreement, including Security Agreement and Promissory Note between Registrant and Kenneth E. Westrick, Paul Smith, Bao-Tong Ma, George Yule, Robert Marsland, Timothy Day, dated January 12, 2000. 10.6** Premises Lease Contract between Registrant and Shenzhen New and High-tech Village Development Company dated September 23, 1999. 10.7** Lease Agreement between Registrant and Silicon Valley Properties dated December 23, 1999. 10.8+ Agreement on Terms and Conditions of Purchase and Sale of Optical Components between Registrant and Corning, Incorporated dated January 1, 2000. 10.9** Lease Agreement between Focused Research Inc. and University Science Center Partnership, dated May 22, 1996, as amended, June 19, 1997. 10.10** Fifth Amended and Restated Registration Rights Agreement 10.11+ Development Agreement between Registrant and Hewlett-Packard GmbH dated December 23, 1996. 10.12+ Addendum to the Development Agreement between Registrant and Hewlett-Packard GmbH dated November 6, 1997. 10.13+ Addendum No. 2 to the Development Agreement of December 23, 1996 between Registrant and Agilent Technologies Deutschland GmbH dated December 10, 1999. 10.14+ Memorandum of Agreement between Registrant and Alcatel USA Sourcing, L.P. dated January 7, 2000. 10.15 Loan and Security Financing Agreement between Registrant and Venture Lending and Leasing II, Inc. 21.1** List of Subsidiaries 23.1** Consent of Ernst & Young LLP, Independent Auditors 23.2* Consent of Counsel (see Exhibit 5.1) 24.1** Power of Attorney 27.1* Financial Data Schedules - ------------------------- + The Registrant will request confidential treatment with respect to certain portions of this Exhibit. The omitted portions will be separately filed with the Commission. * To be filed by amendment. ** Previously filed.