SECURITIES AND EXCHANGE COMMISSION
FORM S-8
0
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
NEW SKY COMMUNICATIONS, INC. (formerly THOROUGHBREDS U.S.A., INC.)
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(Exact name of registrant as specified in its charter)
New York 2-98684-NY 16-1229730
(State of incorporation) (Commission file number) (I.R.S. Employer
identification no.)
720 Reynolds Arcade, 16 East Main Street, Rochester, New York 14614
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(Address of principal executive offices) (Zip Code)
Agreement Dated July 2, 1996 With Frank LaLoggia
(Full Title of Plan)
Registrant's telephone number, including area code: (716) 454-5490
Calculation of Registration Fee
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Proposed
Proposed maximum
Title maximum aggregate Amount of
of Securities Amount to be offering offering registration
to be registered registered price price fee
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Common 3,000,000 $0.015 $45,000.00 $15.52
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PART I
ITEM 1 -- Plan Information
The shares of the Company are being issued pursuant to an Agreement
dated July 2, 1996 between the Company and Frank LaLoggia and is compensation
for services rendered in the past thereunder. A copy of the Agreement is annexed
hereto as an exhibit. Disclosure of plan documentation and material information
is not applicable to this registration.
Item 2 -- Registrant and Employee Plan Information
Not Applicable.
PART II
Item 3 -- Incorporation of Documents By Reference
a. Registrant's last annual report filed on Form 10-K for the Year
Ended December 31, 1996.
b. Registrant's last quarterly report filed on Form 10-Q for the
Quarter Ended September 30, 1997.
c. Articles of Incorporation
d. By-Laws
Item 4 -- Description of Securities
The shares consist of Common stock of the Company. There is no other
class of stock of the Company. There are no special dividend rights, terms of
conversion, voting rights sinking fund provisions, right of redemption,
liquidation rights, preemption rights, liabilities of stockholders under state
law, restrictions on alienation, discriminatory provisions nor provisions of the
Articles of Incorporation or the By-Laws delaying or preventing a change of
control. The Company has three classes of Directors who when elected serve a
three year term.
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Item 5 -- Interests of Named Experts and Counsel
Counsel of the Company is Carl R. Reynolds, Esq. who is also the
sole director and President of the Company will receive no interest in this
registration.
Item 6 -- Indemnification of Directors and Officers
Article XI of the By-Laws of the Company indemnifies officers and
directors of the Company against actions brought against them in their capacity
as officer of director of the Company.
Item 7 -- Exemption From Registration Claimed
None
Item 8 -- Exhibits
a. Opinion of counsel annexed hereto
b. Determination by I.R.S. -- Not applicable
c. Agreement dated July 2, 1996 between the Company and Frank
LaLoggia.
Item 9 -- Undertakings
Registrant hereby undertakes to include material information with
respect to the Agreement of distribution not previously disclosed in the
registration statement or any material change to the registration statement and
incorporate by reference any Exchange Act document filed after the effective
date of the registration statement.
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
registrant 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 liability (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in a 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
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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.
SIGNATURES
The Registrant, Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe it
meets all of the requirements for filing on Form S-8 and has caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Rochester, State of New York on January 6, 1998.
NEW SKY COMMUNICATIONS, INC.
(Registrant)
By: /s/ CARL R. REYNOLDS
Carl R. Reynolds, Presiden
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 date indicated.
(Signature) /s/ CARL R. REYNOLDS
(Title) President, Chief Financial Officer and Sole Director
(Date) January 6, 1998
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EXHIBIT INDEX
(1) Agreement dated July 2, 1996 between New Sky Communications, Inc. and Frank
LaLoggia.
(2) Opinion of Counsel
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