AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 21, 2001
REGISTRATION NO. 333-
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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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COM21, INC.
(Exact name of registrant as specified in its charter)
<Table>
DELAWARE 94-3201698
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
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750 TASMAN DRIVE
MILPITAS, CALIFORNIA 95035
(Address of principal executive offices) (Zip Code)
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COM21, INC.
1998 STOCK INCENTIVE PLAN
1998 EMPLOYEE STOCK PURCHASE PLAN
2000 STOCK OPTION PLAN
(Full title of the Plans)
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GEORGE MERRICK
PRESIDENT AND CHIEF EXECUTIVE OFFICER
COM21, INC.
750 TASMAN DRIVE
MILPITAS, CALIFORNIA 95035
(Name and address of Agent for service)
(408) 953-9100
(Telephone number, including area code, of agent for service)
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CALCULATION OF REGISTRATION FEE
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<Caption>
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PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TITLE OF SECURITIES AMOUNT TO BE OFFERING PRICE AGGREGATE REGISTRATION
TO BE REGISTERED REGISTERED(1) PER SHARE(2) OFFERING PRICE(2) FEE
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1998 Stock Incentive Plan
Common Stock, $0.001 par
value........................... 1,233,742 shares $0.75 $925,307 $231.33
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1998 Employee Stock Purchase Plan
Common Stock, $0.001 par
value........................... 650,000 shares $0.75 $487,500 $121.88
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2000 Stock Option Plan
Common Stock, $0.001 par
value........................... 1,500,000 shares $0.75 $1,125,000 $281.25
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Aggregate Filing Fee: $634.46
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(1) This Registration Statement shall also cover any additional shares of Common
Stock which become issuable under the Com21, Inc. 1998 Stock Incentive Plan,
1998 Employee Stock Purchase Plan and/or 2000 Stock Option Plan by reason of
any stock dividend, stock split, recapitalization or other similar
transaction effected without the Registrant's receipt of consideration which
results in an increase in the number of the outstanding shares of the
Registrant's Common Stock.
(2) Calculated solely for purposes of this offering under Rule 457(h) of the
Securities Act of 1933, as amended (the "1933 Act"), on the basis of the
average of the high and low selling prices per share of Registrant's Common
Stock on November 20, 2001, as reported on the Nasdaq National Market.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
Com21, Inc. (the "Registrant") hereby incorporates by reference into this
Registration Statement the following documents previously filed with the
Securities and Exchange Commission (the "Commission"):
(a) The Registrant's Annual Report on Form 10-K for the fiscal year
ended December 31, 2000 filed with the Commission on April 2, 2001 and as
amended on July 31, 2001 and August 28, 2001, pursuant to Section 13 of the
Securities Exchange Act of 1934 , as amended (the "1934 Act");
(b) The Registrant's Current Report on Form 8-K for period date March
7, 2001 filed with the commission on March 7, 2001;
(c) The Registrant's Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2001 filed with the Commission on May 15, 2001 and
as amended on June 25, 2001 and August 28, 2001;
(d) The Registrant's Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 2001 filed with the Commission on August 14, 2001;
(e) The Registrant's Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2001 filed with the Commission on November 14,
2001; and
(f) The Registrant's Registration Statement No. 000-24009 on Form 8-A
filed with the Commission on April 8, 1998, pursuant to Section 12(b) of
the 1934 Act in which there is described the terms, rights and provisions
applicable to the Registrant's outstanding Common Stock.
All reports and definitive proxy or information statements filed pursuant
to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act after the date of this
Registration Statement and prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which
de-registers all securities then remaining unsold shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such 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 which 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 4. DESCRIPTION OF SECURITIES
Not Applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not Applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Registrant's Certificate of Incorporation limits the liability of
directors to the maximum extent permitted by Delaware law. Delaware law provides
that directors of a corporation will not be personally liable for monetary
damages for breach of their fiduciary duties as directors, except for liability
for (i) any breach of their duty of loyalty to the corporation or its
stockholders, (ii) acts or omissions not in good faith or that involve
intentional misconduct or a knowing violation of law, (iii) unlawful payments of
dividends or unlawful stock repurchases or redemptions as provided in Section
174 of the Delaware General Corporation Law, or (iv) any transaction from which
the director derives an improper personal benefit.
II-1
The Registrant's Bylaws provide that the Registrant shall indemnify its
directors and may indemnify its officers, employees and other agents to the
fullest extent permitted by law. The Registrant believes that indemnification
under its Bylaws covers at least negligence and gross negligence on the part of
an indemnified party in connection with the defense of any action or proceeding
arising out of such party's status or service as a director, officer, employee
or other agent of the Company upon an undertaking by such party to repay such
advances if it is ultimately determined that such party is not entitled to
indemnification. The Registrant has entered into Indemnification Agreements with
its officers and directors. The Indemnification Agreements provide the
Registrant's officers and directors with further indemnification to the maximum
extent permitted by the Delaware General Corporation Law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
ITEM 8. EXHIBITS
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<Caption>
EXHIBIT
NUMBER EXHIBIT
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4.0 Instruments Defining Rights of Stockholders. Reference is
made to the Registrant's Registration Statement No.
000-24009 on Form 8-A and the exhibits thereto, which are
incorporated herein by reference pursuant to Item 3(d) of
this Registration Statement.
5.0 Opinion of Brobeck, Phleger & Harrison LLP.
23.1 Independent Auditor's Consent.
23.2 Consent of Brobeck, Phleger & Harrison LLP is contained in
Exhibit 5.
24.0 Power of Attorney. Reference is made to page II-3 of this
Registration Statement.
99.1 Com21, Inc. 1998 Stock Incentive Plan (Amended and Restated
As of March 1999).
99.2 Com21, Inc. 1998 Employee Stock Purchase Plan (Amended and
Restated as of January 17, 2001).
99.3 Com21, Inc. 2000 Stock Option Plan (Amended and Restated as
of January 17, 2001).
</Table>
ITEM 9. UNDERTAKINGS
A. The undersigned Registrant hereby undertakes: (1) to file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement (i) to include any prospectus required by Section
10(a)(3) of the 1933 Act, (ii) to reflect in the prospectus any facts or events
arising after the effective date of this Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
Registration Statement and (iii) to include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall
not apply if the information required to be included in a post-effective
amendment by those clauses is contained in periodic reports filed by the
Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are
incorporated by reference into this Registration Statement; (2) that for the
purpose of determining any liability under the 1933 Act each such post-effective
amendment 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; and (3) to remove
from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the Registrant's 1998
Stock Incentive Plan, 1998 Employee Stock Purchase Plan and/or 2000 Stock Option
Plan.
B. The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the 1933 Act, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act that is
incorporated by reference into this Registration Statement 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-2
C. Insofar as indemnification for liabilities arising under the 1933 Act
may be permitted to directors, officers or controlling persons of the Registrant
pursuant to the indemnification provisions summarized in Item 6 or otherwise,
the Registrant has been advised that, in the opinion of the Commission, such
indemnification is against public policy as expressed in the 1933 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 such
director, officer or controlling person in connection with the securities being
registered, 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 1933 Act and will be governed by the final
adjudication of such issue.
II-3
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 Milpitas, State of California on 21st day of
November, 2001.
COM21, INC.
By: /s/ GEORGE MERRICK
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George Merrick
President, Chief Executive Officer
and Director
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of Com21, Inc., a Delaware
corporation, do hereby constitute and appoint George Merrick and Ralph Marimon
and each of them, the lawful attorneys-in-fact and agents with full power and
authority to do any and all acts and things and to execute any and all
instruments which said attorneys and agents, and any one of them, determine may
be necessary or advisable or required to enable said corporation to comply with
the Securities Act of 1933, as amended, and any rules or regulations or
requirements of the Securities and Exchange Commission in connection with this
Registration Statement. Without limiting the generality of the foregoing power
and authority, the powers granted include the power and authority to sign the
names of the undersigned officers and directors in the capacities indicated
below to this Registration Statement, to any and all amendments, both
pre-effective and post-effective, and supplements to this Registration
Statement, and to any and all instruments or documents filed as part of or in
conjunction with this Registration Statement or amendments or supplements
thereof, and each of the undersigned hereby ratifies and confirms that all said
attorneys and agents, or any one of them, shall do or cause to be done by virtue
hereof. This Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of
Attorney as of the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
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<Caption>
SIGNATURE TITLE DATE
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/s/ GEORGE MERRICK President, Chief Executive November 21, 2001
- --------------------------------------------------- Officer and Director
George Merrick (Principal Executive Officer)
/s/ RALPH MARIMON Vice President, Finance and November 21, 2001
- --------------------------------------------------- Administration, Chief
Ralph Marimon Financial Officer Corporate
Secretary
(Principal Financial Officer)
/s/ PAUL BARAN Chairman of the Board of November 21, 2001
- --------------------------------------------------- Directors
Paul Baran
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II-4
<Table>
<Caption>
SIGNATURE TITLE DATE
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/s/ JAMES GAGNARD Director November 21, 2001
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James Gagnard
Director November 21, 2001
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James J. Spilker, Jr.
/s/ DANIEL J. PIKE Director November 21, 2001
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Daniel J. Pike
/s/ SUSAN NYCUM Director November 21, 2001
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Susan Nycum
</Table>
II-5
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
EXHIBITS
TO
FORM S-8
UNDER
SECURITIES ACT OF 1933
COM21, INC.
EXHIBIT INDEX
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<Caption>
EXHIBIT
NUMBER EXHIBIT
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4.0 Instruments Defining Rights of Stockholders. Reference is
made to the Registrant's Registration Statement No.
000-24009 on Form 8-A and the exhibits thereto, which are
incorporated herein by reference pursuant to Item 3(d) of
this Registration Statement.
5.0 Opinion of Brobeck, Phleger & Harrison LLP.
23.1 Independent Auditor's Consent.
23.2 Consent of Brobeck, Phleger & Harrison LLP is contained in
Exhibit 5.
24.0 Power of Attorney. Reference is made to page II-3 of this
Registration Statement.
99.1 Com21, Inc. 1998 Stock Incentive Plan (Amended and Restated
As of March 1999).
99.2 Com21, Inc. 1998 Employee Stock Purchase Plan (Amended and
Restated as of January 17, 2001).
99.3 Com21, Inc. 2000 Stock Option Plan (Amended and Restated as
of January 17, 2001).
</Table>