As filed with the Securities and Exchange Commission on July 3, 1996
Registration No. 333-_______
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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PRAEGITZER INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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OREGON 93-0790158
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
1270 S.E. Monmouth Cut-Off Road
Dallas, Oregon 97338-9532
(Address of Principal (Zip Code)
Executive Offices)
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PRAEGITZER INDUSTRIES, INC.
401(k) Plan and Trust
(Full title of plan)
-------------------
SCOTT D. GILBERT
Vice President of Finance
Praegitzer Industries, Inc.
1270 S.E. Monmouth Cut-Off Road
Dallas, OR 97338-9532
(Name and address of agent for service)
Telephone number, including area code, of agent for service: (503) 623-9273
Copy to:
STEPHEN E. BABSON
Stoel Rives LLP
900 SW Fifth Avenue, Suite 2300
Portland, Oregon 97204-1268
CALCULATION OF REGISTRATION FEE
- --------------------------------------------------------------------------------
Proposed Proposed
Maximum Maximum
Amount Offering Aggregate Amount of
Title of Securities to Be Price Per Offering Registration
to Be Registered Registered Share(1) Price(1) Fee
- ------------------- ---------- ---------- ----------- ------------
Common Stock 200,000 Shares $ 10.3125 $ 2,062,500 $ 711.21
In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan
described herein.
- --------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) under the Securities Act of 1933. The
calculation of the registration fee for the shares is based on
$10.3125, which was the average of the high and low prices of the
Common Stock on June 27, 1996 as reported in The Wall Street Journal
for Nasdaq National Market issues.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents By Reference.
---------------------------------------
The following documents filed by Praegitzer Industries, Inc. (the
"Company") with the Securities and Exchange Commission are incorporated
herein by reference:
(a) The Company's latest annual report filed pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 or the latest
prospectus filed pursuant to rule 424(b) under the Securities Act of
1933 that contains audited financial state ments for the Company's
latest fiscal year for which such statements have been filed.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 since the end of the fiscal year
covered by the annual report or prospectus referred to in (a) above.
(c) The description of the authorized capital stock of the
Company con tained in the Company's registration statement filed under
Section 12 of the Securities Exchange Act of 1934, including any
amendment or report filed for the purpose of updating the description.
All reports and other documents subsequently filed by the Company
and the Company's 401(k) Plan and Trust pursuant to Sections 13(a) and (c),
14 and 15(d) of the Securities Exchange Act of 1934, as amended, prior to
the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all
securities remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of the filing of
such reports and documents.
Item 4. Description of Securities.
-------------------------
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
--------------------------------------
Not Applicable.
Item 6. Indemnification of Directors and Officers.
-----------------------------------------
Article IV of the Registrant's Second Amended and Restated
Articles of Incorporation, as amended (the "Articles"), requires
indemnification of current or former directors of the Registrant to the
fullest extent not prohibited by the Oregon Business Corporation Act (the
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"Act"). The Act permits or requires indemnification of directors and
officers in certain circumstances. The effects of the Articles and the Act
(the "Indemnification Provisions") are summarized as follows:
(a) The Indemnification Provisions grant a right of indemnification in
respect of any proceeding (other than an action by or in the right of the
Company), if the person concerned acted in good faith and in a manner the
person reasonably believed to be in or not opposed to the best interests of
the Company, was not adjudged liable on the basis of receipt of an improper
personal benefit and, with respect to any criminal action or proceeding,
had no reasonable cause to believe the conduct was unlawful. The
termination of a proceeding by judgment, order, settlement, conviction or
plea of nolo contendere, or its equivalent, is not, of itself,
determinative that the person did not meet the required standards of
conduct.
(b) The Indemnification Provisions grant a right of indemnification in
respect of any proceeding by or in the right of the Company against the
expenses (including attorney fees) actually and reasonably incurred if the
person concerned acted in good faith and in a manner the person reasonably
believed to be in or not opposed to the best interests of the Company,
except that no right of indemnification will be granted if the person is
adjudged to be liable to the Company.
(c) Every person who has been wholly successful, on the merits or
otherwise, in the defense of any proceeding to which the person was a party
because of the person's status as a director or officer of a controversy
described in (a) or (b) above is entitled to indemnification as a matter of
right.
(d) Because the limits of permissible indemnification under Oregon law
are not clearly defined, the Indemnification Provisions may provide
indemnification broader than that described in (a) and (b).
(e) The Registrant may advance to a director or officer the expenses
incurred in defending any proceeding in advance of its final disposition if
the director or officer affirms in writing in good faith that he or she has
met the standard of conduct to be entitled to indemnification as described
in (a) or (b) above and undertakes to repay any amount advanced if it is
determined that the person did not meet the required standard of conduct.
The Registrant may obtain insurance for the protection of its
directors and officers against any liability asserted against them in their
official capacities. The rights of indemnification described above are not
exclusive of any other rights of indemnification to which the persons
indemnified may be entitled under any bylaw, agreement, vote of
shareholders or directors or otherwise.
Item 7. Exemption From Registration Claimed.
-----------------------------------
Not Applicable.
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Item 8. Exhibits.
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4.1 Second Amended and Restated Articles of Incorporation
of the Company (incorporated by reference to Exhibit
3(i)(a) to the Company's Registration Statement on Form
S-1, File No. 333-01228).
4.2 Bylaws of the Company (incorporated by reference to
Exhibit 3(ii) to the Company's Registration Statement
on Form S-1, File No. 333-01228).
5.1 Internal Revenue Service Determination Letter.
23.1 Consent of Deloitte & Touche LLP.
24.1 Powers of Attorney.
Item 9. Undertakings.
------------
The undersigned registrant hereby undertakes:
(a)(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 Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events
arising after the effective date of the 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 the registration statement;
(iii) To include any material information with respect to
the plan of distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement;
PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) do not
apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed
by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in
the registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new registration
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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.
(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 offering.
(b) The Company hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each
filing of the registrant's annual report pursuant to Section 13(a) or
Section 15(d) of the Securities Exchange Act of 1934 that is
incorporated by reference in the 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.
(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the
opinion of the Securities and Exchange Commission such indemnification
is against public policy as expressed in the 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 Act and will be
governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Company 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 Dallas, State of Oregon on
July 1, 1996.
PRAEGITZER INDUSTRIES, INC.
By MATTHEW J. BERGERON
----------------------------------
Matthew J. Bergeron
Senior Vice President, Chief Financial Officer
and Director
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities indicated on July 1, 1996.
Signature Title
--------- -----
* ROBERT L. PRAEGITZER President, Chief Executive Officer
- --------------------------------------- and Chairman of the Board
Robert L. Praegitzer (Principal Executive Officer)
MATTHEW J. BERGERON Senior Vice President, Chief
- --------------------------------------- Financial Officer and Director
Matthew J. Bergeron (Principal Financial and
Accounting Officer)
* CHARLES N. HALL Senior Vice President and Director
- ---------------------------------------
Charles N. Hall
* ROBERT G. BALDRIDGE Senior Vice President and Director
- ---------------------------------------
Robert G. Baldridge
* SALLY PRAEGITZER Director
- ---------------------------------------
Sally Praegitzer
* WILLIAM L. HEALEY Director
- ---------------------------------------
William L. Healey
* T. L. STEBBINS Director
- ---------------------------------------
T. L. Stebbins
* By MATTHEW J. BERGERON
---------------------------------
Matthew J. Bergeron,
Attorney-in-Fact
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The Plan. Pursuant to the requirements of the Securities Act of 1933,
the Administrative Committee of the Plan has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Portland, State of Oregon, on July 1, 1996.
PRAEGITZER INDUSTRIES, INC. 401(k) PLAN AND TRUST
By: Praegitzer Industries, Inc.
SCOTT D. GILBERT
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By: Scott D. Gilbert, Vice President of Finance
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EXHIBIT INDEX
Exhibit
Number Document Description
4.1 Second Amended and Restated Articles of Incorporation of the
Company (incorporated by reference to Exhibit 3(i)(a) to the
Company's Registration Statement on Form S-1, File No.
333-01228).
4.2 Bylaws of the Company (incorporated by reference to Exhibit
3(ii) to the Company's Registration Statement on Form S-1,
File No. 333-01228).
5.1 Internal Revenue Service Determination Letter.
23.1 Consent of Deloitte & Touche LLP.
24.1 Powers of Attorney.
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