As filed with the Securities and Exchange Commission on June 5, 1997.
Registration No. 333-_____________
UNITED STATES
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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RTW, INC.
(Exact name of registrant as specified in its charter)
MINNESOTA 41-1448070
(State or other jurisdiction
of incorporation or organization) (I.R.S. Employer
Identification No.)
8500 NORMANDALE LAKE BOULEVARD
SUITE 1400
BLOOMINGTON, MINNESOTA 55437
(Address of Principal Executive Offices and zip code)
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RTW, INC.
1994 STOCK PLAN
(Full title of the Plan)
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David C. Prosser, President
8500 Normandale Lake Boulevard
Suite 1400
Bloomington, Minnesota 55437
(612) 893-0403
Copy to:
Thomas G. Lovett IV
Lindquist & Vennum P.L.L.P.
4200 IDS Center
Minneapolis, MN 55402
(612) 371-3270
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CALCULATION OF REGISTRATION FEE
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Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
to be to be Price Offering Registration
Registered Registered Per Share Price Fee
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Common Stock, 1,125,000 $7.93(1) $8,921,250(1) $2,703
No par value shares(2)
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(1) Estimated solely for the purpose of determining the registration fee
pursuant to Rule 457(c) and (h) and based upon the average of the high and
low prices of the Company's Common Stock on the Nasdaq National Market on
May 29, 1997.
(2) 250,000 shares were originally registered on Form S-8/S-3 (File No.
33-91368) filed with the Securities and Exchange Commission on April 19,
1995 (375,000 shares as adjusted for a May 1996 3-for-2 stock split) and
1,125,000 additional shares are being registered herewith.
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INCORPORATION OF CONTENTS OF REGISTRATION STATEMENT
BY REFERENCE
A Registration Statement on Form S-8/S-3 (File No. 33-91368) was filed with
the Securities and Exchange Commission on April 19, 1995 covering the
registration of 250,000 shares (375,000 shares as adjusted for a May 1996
3-for-2 stock split) of the Common Stock, under the Company's 1994 Stock Plan
(the "Plan"). A filing fee of $959 was paid at the time that the S-8/S-3
Registration Statement was filed. Pursuant to General Instruction E of Form S-8
and Rule 429, this Registration Statement is being filed to register an
additional 1,125,000 shares authorized under the Plan. An amendment to the Plan
to increase the reserved and authorized number of shares under the Plan by
1,125,000 was authorized by the Company's Board of Directors on January 23, 1997
and such amendment was approved by the Company's shareholders on May 15, 1997.
This Registration Statement should also be considered a post-effective amendment
to the prior Registration Statement. The contents of the prior Registration
Statement are incorporated herein by reference.
PART I
Pursuant to Part I of Form S-8, the information required by Items 1 and 2
of Form S-8 is not filed as a part of this Registration Statement.
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed with the Securities and Exchange Commission
are hereby incorporated by reference:
(a) The Annual Report of the Company on Form 10-K for the fiscal year
ended December 31, 1996.
(b) The Quarterly Report of the Company on Form 10-Q for the quarter ended
March 31, 1997.
(c) The Definitive Proxy Statement dated April 10, 1997 for the Annual
Meeting of Shareholders held on May 15, 1997.
(d) The description of the Company's Common Stock as set forth under
DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED in the
Company's Registration Statement on Form 8-A (File No. 0-25508), filed
with the Securities and Exchange Commission effective February 7,
1995, which incorporates by reference the section entitled DESCRIPTION
OF CAPITAL STOCK in the Company's Registration Statement on Form S-1
(File No. 33-89164) as filed with the Commission on February 6, 1995,
including any amendment or report filed for the purpose of updating
such description.
All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934 prior to the
completion or termination of this offering of shares of Common Stock shall be
deemed to be incorporated by reference in this Registration Statement and to be
a part hereof from the date of filing of such 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.
The Company's Articles of Incorporation provide that no director of the
Company may be personally liable to the Company or its shareholders for monetary
damages for breach of fiduciary duty as a director, except as limited by
Minnesota law. Minnesota law provides that a corporation may not limit a
director's personal liability to the Company or its shareholders for monetary
damages for breach of fiduciary duty (i) for any breach of the director's duty
of loyalty to the Company or its shareholders; (ii) for acts or omissions not in
good faith or that involve intentional misconduct or a knowing violation of law;
(iii) under section 302A.559 or 80A.23 of the Minnesota Statutes; (iv) for any
transaction from which the director derived any improper personal benefit; or
(v) for any act or omission occurring prior to the effective date of the
indemnification provisions in the Company's Articles of Incorporation.
The Company's Articles of Incorporation, and Section 302A.521 of the
Minnesota Business Corporation Act, provide that a corporation shall indemnify
any person made or threatened to be made a party to a proceeding by reason of
acts or omissions performed in their official capacity as an officer, director,
employee or agent of
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the corporation against judgments, penalties, fines, including without
limitation, excise taxes assessed against such person with respect to an
employee benefit plan, settlements, and reasonable expenses, including
attorneys' fees and disbursements, incurred by such person in connection with
the proceeding if, with respect to the acts or omissions of such person
complained of in the proceeding, such person (i) has not been indemnified by
another organization or employee benefit plan for the same expenses with respect
to the same acts or omissions; (ii) acted in good faith; (iii) received no
improper personal benefit and Minnesota Statutes, Section 302A.255 (regarding
conflicts of interest), if applicable, has been satisfied; (iv) in the case of a
criminal proceeding, has no reasonable cause to believe the conduct was
unlawful; and (v) in the case of acts or omissions by persons in their official
capacity for the corporation, reasonably believed that the conduct was in the
best interests of the corporation, or in the case of acts or omissions by
persons in their capacity for other organizations, reasonably believed that the
conduct was not opposed to the best interests of the corporation. In addition,
Section 302A.521, subd. 3, of the Minnesota Statutes requires payment or
reimbursement by the corporation, upon written request, of reasonable expenses
(including attorneys' fees) incurred by a person in advance of the final
disposition of a proceeding in certain instances if a decision as to required
indemnification is made by a disinterested majority of the Board of Directors
present at a meeting at which a disinterested quorum is present, or by a
designated committee of the Board, by special legal counsel, by the shareholders
or by a court.
In addition, the Company has entered into indemnification agreements with
each of its directors and officers, which agreements provide for indemnification
to the full extent permitted by Minnesota law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
The options that have been granted under the Plan were all granted to
employees, directors and consultants of the Company and were exempt from
registration pursuant to Section 4(2) of the Securities Act of 1933.
ITEM 8. EXHIBITS. (Filed electronically herewith)
EXHIBIT
4.1 Amended RTW, Inc. 1994 Stock Plan
5.1 Opinion of Lindquist & Vennum P.L.L.P
as to the legality of the common stock
offered pursuant to the stock plan referred
to herein
23.1 Consent of Lindquist & Vennum P.L.L.P. (included in
Exhibit 5.1)
23.2 Consent of Deloitte & Touche LLP
24.1 Power of Attorney
(included on signature page)
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:
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(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. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20% change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the
effective 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 registration statement is on Form S-3, Form S-8 or Form F-3 and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Securities and Exchange Commission 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 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 undersigned registrant 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 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to 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.
(h) 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 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 connected 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 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 Bloomington, State of Minnesota, on June 3, 1997.
RTW, INC.
By /s/ David C. Prosser
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David C. Prosser, President, Chief
Executive Officer and Chairman of the Board
POWER OF ATTORNEY
The undersigned officers and directors of RTW, Inc. hereby constitute and
appoint David C. Prosser and Alfred L. LaTendresse, or either of them, with
power to act one without the other, our true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution, for us and in our
stead, in any and all capacities to sign any and all amendments (including
post-effective amendments) to this Registration Statement and all documents
relating thereto, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorney-in-fact and agent, full power and authority to do
and perform each and every act and thing necessary or advisable to be done in
and about the premises, as fully to all intents and purposes as he or she might
or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent, or his or her substitutes, may lawfully do or cause
to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this registration statement has been signed below by the following persons on
the date and in the capacities indicated.
SIGNATURE
/s/ David C. Prosser Dated: June 3, 1997
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David C. Prosser, President, Chief Executive
Officer and Chairman of the Board of Directors
and Director (Principal Executive Officer)
/s/ Alfred L. Latendresse Dated: June 3, 1997
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Alfred L. LaTendresse, Chief Financial Officer,
Secretary and Treasurer
(Principal Financial Officer)
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/s/ J. Alexander Fjelstad III Dated: June 3, 1997
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J. Alexander Fjelstad III, Director
/s/ William A. Cooper Dated: June 3, 1997
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William A. Cooper, Director
/s/ Steven M. Rothschild Dated: June 3, 1997
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Steven M. Rothschild, Director
/s/ Mark E. Hegman Dated: June 3, 1997
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Mark E. Hegman, Director
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