As filed with the Securities and Exchange Commission on May 8, 1995
Registration No. 33-____
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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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SBE, INC.
(Exact name of registrant as specified in its charter)
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California 94-1517641
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(State of Incorporation) (I.R.S. Employer Identification No.)
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4550 Norris Canyon Road
San Ramon, California 94583
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(Address and telephone number of principal executive offices)
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1987 Supplemental Stock Option Plan
1991 Non-Employee Directors' Stock Option Plan
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(Full title of the plans)
TIMOTHY J. REPP
Chief Financial Officer
SBE, Inc.
4550 Norris Canyon Road
San Ramon, California 94583
(510) 355-2000
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(Name, address, including zip code, and telephone number, including area code,
of agent for service)
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Copies to:
Christopher A. Westover, Esq.
Maya L. Armour, Esq.
Cooley Godward Castro Huddleson & Tatum
One Maritime Plaza, Suite 2000
San Francisco, California 94111
(415) 693-2000
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Total Number of Pages:
Exhibit Index at Page:
CALCULATION OF REGISTRATION FEE
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TITLE OF SECURITIES AMOUNT TO BE PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TO BE REGISTERED REGISTERED OFFERING PRICE PER AGGREGATE OFFERING REGISTRATION FEE
SHARE (1) PRICE (1)
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Stock Options and
Common Stock (no par 400,000 $7.50- $13.63 $4,195,448 $1,446.71
value)
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<FN>
(1) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h)(1). The price per
share and aggregate offering price are based upon (a) the actual exercise price for shares subject to previously granted
options under the 1987 Supplemental Stock Option Plan and the 1991 Non-Employee Directors' Stock Option Plan and (b) the
average of the bid and asked prices of the closing sales price of Registrant's Common Stock on May 1, 1995 as reported on the
Nasdaq National Market System for shares subject to options to be granted under the 1987 Supplemental Stock Option Plan and the
1991 Non-Employee Directors' Stock Option Plan. The following chart shows the calculation of the registration fee:
Number of Offering Price Aggregate
Type of Shares Shares Per Share Offering Price
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Outstanding Options 118,624 $7.50 $ 889,680
9,400 $8.00 $ 75,200
6,000 $8.50 $ 51,000
25,000 $8.75 $ 218,750
24,000 $9.00 $ 216,000
20,000 $9.50 $ 190,000
34,650 $9.75 $ 337,838
12,100 $14.00 $ 169,400
Shares Available for Grant 150,226 $13.63 $2,047,580
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$4,195,448
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Approximate date of commencement of proposed sale to the public: As soon
as practicable after this Registration Statement becomes effective.
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENTS ON FORM S-8 NOS. 33-42629 AND 33-45998
WITH SUCH MODIFICATIONS AS SET FORTH BELOW
The contents of Registration Statements on Form S-8 Nos. 33-42629 and 33-
45998 filed with the Securities and Exchange Commission on September 9, 1991 and
February 26, 1992, respectively, are incorporated by reference herein, with such
modifications as set forth below.
INDEMNIFICATION OF DIRECTORS AND OFFICERS
In addition to the matters set forth under the heading "Indemnification of
Officers and Directors" in the Registration Statements incorporated by reference
herein, the following provide indemnification to the directors and officers of
the Company:
The Company has entered into Indemnification Agreements with each of its
directors and executive officers. Such Indemnification Agreements contain
provisions that are in some respects broader than the specific indemnification
provisions contained in California law.
EXHIBITS
EXHIBIT
NUMBER
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5.1 Opinion of Cooley Godward Castro Huddleson & Tatum.
23.1 Consent of Independent Auditors.
23.2 Consent of Cooley Godward Castro Huddleson & Tatum is contained in
Exhibit 5.1 to this Registration Statement.
24.1 Power of Attorney is contained on the signature pages.
99.1 Registrant's 1987 Supplemental Stock Option Plan.
99.2 Registrant's 1991 Non-Employee Directors' Stock Option Plan.
1.
SIGNATURES
THE REGISTRANT. 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 San Ramon, State of
California, on May 8, 1995.
SBE, INC.
By: /s/ WILLIAM B. HEYE, JR.
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William B. Heye, Jr.
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints William B. Heye, Jr. and Timothy J. Repp,
and each or any one of them, his true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him and in his name,
place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or any of them, or their or his substitutes or substitute, may
lawfully do or cause to be done by virtue hereof.
2.
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 dates indicated.
SIGNATURE TITLE DATE
/s/ WILLIAM B. HEYE, JR. President, Chief Executive Officer May 8, 1995
- ----------------------------------- and Director (Principal Executive
(William B. Heye, Jr.) Officer)
/s/ TIMOTHY J. REPP Chief Financial Officer (Principal May 8, 1995
- ----------------------------------- Financial Officer and Principal
(Timothy J. Repp) Accounting Officer)
/s/ RAIMON L. CONLISK Director May 8, 1995
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(Raimon L. Conlisk)
/s/ WILLIAM R. GAGE Director May 8, 1995
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(William R. Gage)
/s/ GEORGE E. GREGA Director May 8, 1995
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(George E. Grega)
/s/ HAROLD T. HAHN Director May 8, 1995
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(Harold T. Hahn)
/s/ EDWARD H. LAIRD Director May 8, 1995
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(Edward H. Laird)
3.
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION SEQUENTIAL PAGE NUMBER
5.1 Opinion of Cooley Godward Castro Huddleson & Tatum.
23.1 Consent of Independent Auditors.
23.2 Consent of Cooley Godward Castro Huddleson & Tatum is contained in
Exhibit 5 to this Registration Statement.
24 Power of Attorney is contained on the signature pages.
99.1 Registrant's 1987 Supplemental Stock Option Plan.
99.2 Registrant's 1991 Non-Employee Directors' Stock Option Plan.
4.