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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 10, 1996
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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HOT TOPIC, INC.
(Exact name of Registrant as specified in its charter)
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California 77-0198182
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
3410 Pomona Boulevard
Pomona, California 91768
(909) 869-6373
(Address, including zip code, and telephone number, including area code,
of Registrant's principal executive offices)
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NON-PLAN STOCK OPTIONS
1996 EQUITY INCENTIVE PLAN
1996 NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN
EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
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Jay A. Johnson
Chief Financial Officer
HOT TOPIC, INC.
3410 Pomona Boulevard
Pomona, California 91768
(909) 869-6373
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
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Copies to:
M. Wainwright Fishburn, Esq.
Lance W. Bridges, Esq.
COOLEY GODWARD LLP
4365 Executive Drive, Suite 1100
San Diego, CA 92121
(619) 550-6000
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CALCULATION OF REGISTRATION FEE
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PROPOSED PROPOSED
MAXIMUM MAXIMUM
TITLE OF EACH CLASS OF AMOUNT TO OFFERING PRICE AGGREGATE AMOUNT OF
SECURITIES TO BE REGISTERED BE REGISTERED PER SHARE(1) OFFERING PRICE(1) REGISTRATION FEE
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Stock Options and Common Stock, no par value 931,795 $2.00-$23.375 $13,665,030.25 $4,140.92
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(1) Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457. The price per share and aggregate
offering price are based upon (a) the actual exercise price for shares
subject to options granted outside of the 1996 Equity Incentive Plan (the
"Equity Plan"); (b) the actual exercise price for shares subject to options
previously granted under the Registrant's Equity Plan; (c) additional
shares of Common Stock available for future grant under the Equity Plan
calculated on the basis of the average of the high and low sales price of
Registrant's Common Stock on October 3, 1996 as reported on the Nasdaq
National Market System; (d) the actual exercise price for shares subject to
options previously granted under the Registrant's 1996 Non-Employee
Directors' Stock Option Plan (the "Directors' Plan"), (e) shares issuable
under the Directors Plan calculated on the basis of the average of the
high and low sales price of Registrant's Common Stock on October 3, 1996
as reported on the Nasdaq National Market System; and (f) shares issuable
under the Employee Stock Purchase Plan calculated on the basis of the
average of the high and low sales price of Registrant's Common Stock on
October 3, 1996 as reported on the Nasdaq National Market System. The
following chart shows the calculation of the registration fee.
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Offering Price Aggregate
Type of Shares Number of Shares Per Share Offering Price
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Common Stock issuable pursuant to outstanding
options issued outside of the Equity Plan 13,420 $2.00 $26,840.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 2,000 $2.34 $4,680.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 114,875 $2.50 $287,187.50
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 91,000 $2.75 $250,250.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 53,000 $3.03 $160,590.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 37,500 $3.25 $121,875.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 68,500 $5.00 $342,500.00
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Common Stock issuable pursuant to outstanding
options under the Equity Plan 25,000 $8.00 $200,000.00
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Common Stock available for grant under the
Equity Plan 346,500 $23.375 $8,099,437.50
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Common Stock issuable under the Directors' Plan 6,666 $18.00 $119,988.00
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Common Stock issuable under the Directors' Plan 23,334 $23.375 $545,432.25
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Common Stock issuable under the Employee
Stock Purchase Plan 150,000 $23.375 $3,506,250.00
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The contents of the Registration Statement on Form SB-2, No.
333-5054-LA, filed by Hot Topic, Inc. (the "Registrant") with the Securities and
Exchange Commission (the "Commission") on June 17, 1996, as amended through the
date hereof (the "Form SB-2") are hereby incorporated by reference into this
Registration Statement. The Registrant has not filed, and has not been required
to file, an annual report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), as of the date hereof. A
description of the Registrant's Common Stock which is contained in the Form
SB-2, including any amendment or reports filed for the purpose of updating such
description, is hereby incorporated by reference into this Registration
Statement. All documents filed by the Registrant with the Commission pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this
Registration Statement and prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters
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
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 other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any
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
The validity of the issuance of the Common Stock offered pursuant to
the 1996 Equity Incentive Plan, the 1996 Non-Employee Directors' Stock Option
Plan, the Employee Stock Purchase Plan and the options to purchase up to
13,420 shares of Common Stock granted outside the foregoing plans will be
passed upon for the Company by its counsel, Cooley Godward LLP, San Diego,
California. GC&H Investments, a general partnership formed by the partners of
Cooley Godward LLP for investment purposes, holds 10,100 shares of Common Stock
of the Registrant.
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ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Registrant's Amended and Restated Articles of Incorporation provide
that to the fullest extent permitted by California law, the Registrant's
directors will not be personally liable to the Registrant and its shareholders
for monetary damages for any breach of a director's fiduciary duty. The Amended
and Restated Articles of Incorporation do not, however, eliminate the duty of
care, and in appropriate circumstances equitable remedies such as an injunction
or other forms of non-monetary relief would remain available under California
law. Each director will continue to be subject to liability for acts or
omissions not in good faith or involving intentional misconduct or knowing
violations of law, for acts or omissions that the director believes to be
contrary to the best interests of the Registrant or its shareholders, for any
transaction from which the director derived an improper personal benefit, for
acts or omissions involving a reckless disregard for the director's duty to the
Registrant or its shareholders when the director was aware or should have been
aware of a risk of serious injury to the Registrant or its shareholders, for
acts or omissions that constitute an unexcused pattern of inattention that
amounts to an abdication of the director's duty to the Registrant or its
shareholders, for improper transactions between the director and the Registrant
and for improper distributions to shareholders and loans to directors and
officers. This provision also does not affect a director's responsibilities
under any other laws, such as the Federal securities laws or state or Federal
environmental laws.
In addition, 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 California law. The Registrant is also
empowered under its Bylaws to enter into indemnification contracts with its
directors and officers and to purchase insurance on behalf of any person whom it
is required or permitted to indemnify. Pursuant to this provision, the
Registrant has entered into indemnity agreements with each of its directors and
officers. In addition, the Registrant is required, subject to certain
exceptions, to advance all expenses incurred by any director or executive
officer in connection with a completed, pending or threatened action, suit or
proceeding upon receipt of an undertaking by such director or executive officer
to repay all amounts advanced by the Registrant on such person's behalf if it is
ultimately determined that such person is not entitled to be indemnified under
the Bylaws or otherwise
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
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ITEM 8. EXHIBITS.
Exhibit No. Description
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4.1 Registrant's Amended and Restated Articles of Incorporation.
4.2 Registrant's Bylaws.
4.3 Specimen Stock Certificate. (1)
5.1 Opinion of Cooley Godward LLP.
23.1 Consent of Ernst & Young LLP.
23.2 Consent of Cooley Godward LLP. Reference is made to Exhibit 5.1.
24.1 Power of Attorney. Reference is made to page 6.
99.1 1996 Equity Incentive Plan (the "Equity Plan"). (1)
99.2 Form of Incentive Stock Option Agreement under the Equity Plan. (1)
99.3 Form of Nonstatutory Stock Option Agreement under the Equity Plan. (1)
99.4 1996 Non-Employee Directors' Stock Option Plan. (1)
99.5 Employee Stock Purchase Plan. (1)
99.6 Form of Nonstatutory Stock Option Agreement outside of the Equity Plan.
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(1) Filed as an exhibit to Amendment No. 1 to the Registration Statement on
Form SB-2 (No. 333-5054-LA), and incorporated herein by reference.
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ITEM 9. UNDERTAKINGS
(a) Rule 415 Offering.
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 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) (Section 230.424(b)
of this chapter) if, in the aggregate, the changes in volume and price represent
no more than a 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 this 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 this Registration Statement is on Form S-3 or Form S-8 and 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 Exchange Act that are incorporated by
reference in this Registration Statement.
(2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered herein, 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 offering.
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(b) Filings Incorporating Subsequent Exchange Act Documents By
Reference.
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
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the 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) Request for Acceleration of Effective Date or Filing of
Registration Statement on Form S-8.
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 Commission such
indemnification is against public policy as expressed in the Securities Act of
1933, 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 Securities
Act of 1933 and will be governed by the final adjudication of such issue.
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SIGNATURES
The Registrant. 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 Pomona, State of California, on October 9, 1996.
HOT TOPIC, INC.
By /s/ ORVAL D. MADDEN
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Orval D. Madden
President, Chief Executive Officer
and Director
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Orval D. Madden and Jay A. Johnson and
each 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 attorney-in-fact and agent, or any of
them, or his substitutes or substitute, may lawfully do or cause to be done by
virtue hereof.
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
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/s/ ROBERT M. JAFFE Chairman of the Board October 2, 1996
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Robert M. Jaffe
/s/ ORVAL D. MADDEN President, Chief Executive Officer October 9, 1996
- -------------------------------- and Director(Principal Executive Officer)
Orval D. Madden
/s/ JAY A. JOHNSON Chief Financial Officer and Assistant October 9, 1996
- -------------------------------- Secretary (Principal Financial and
Jay A. Johnson Accounting Officer)
/s/ EDGAR F. BERNER Director October 9, 1996
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Edgar F. Berner
/s/ STANLEY E. FOSTER Director October 9, 1996
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Stanley E. Foster
/s/ JESS MARZAK Director October 9, 1996
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Jess Marzak
/s/ GEORGE PEYSER Director October 9, 1996
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George Peyser
/s/ CECE SMITH Director October 9, 1996
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Cece Smith
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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4.1 Registrant's Amended and Restated Articles of Incorporation.
4.2 Registrant's Bylaws.
4.3 Specimen Stock Certificate. *
5.1 Opinion of Cooley Godward LLP.
23.1 Consent of Ernst & Young LLP.
23.2 Consent of Cooley Godward LLP. Reference is made to Exhibit 5.1.
24.1 Power of Attorney. Reference is made to Page 6.
99.1 1996 Equity Incentive Plan (the "Equity Plan"). *
99.2 Form of Incentive Stock Option Agreement under the Equity Plan. *
99.3 Form of Nonstatutory Stock Option Agreement under the Equity Plan. *
99.4 1996 Non-Employee Directors' Stock Option Plan. *
99.5 Employee Stock Purchase Plan. *
99.6 Form of Nonstatutory Stock Option Agreement outside of the Equity Plan.
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* Filed as an exhibit to Amendment No. 1 to the Registration Statement on
Form SB-2 (No. 333-5054-LA), and incorporated herein by reference.