As filed with the Securities and Exchange Commission on January 31, 2006
Registration No. 333-______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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American Bancorp of New Jersey, Inc.
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(Exact name of Registrant as specified in its charter)
New Jersey 55-0897507
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
365 Broad Street
Bloomfield, New Jersey 07003
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(Address of principal executive offices)
American Bancorp of New Jersey, Inc. 2005 Stock Option Plan
American Bank of New Jersey 2005 Restricted Stock Plan
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(Full Title of the Plans)
Eric Heyer
Chief Financial Officer
365 Broad Street
Bloomfield, New Jersey 07003
973-748-3600
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(Name, address and telephone number of agent for service)
Copies to:
Richard Fisch, Esq.
Evan M. Seigel, Esq.
Malizia Spidi & Fisch, PC
901 New York Avenue, N.W.
Suite 210 East
Washington, D.C. 20001
(202) 434-4660
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CALCULATION OF REGISTRATION FEE
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Title of Proposed Maximum Proposed Maximum
Securities to Amount to be Offering Aggregate Offering Amount of Registration
be Registered Registered (1) Price Per Share(2) Price (2) Fee (2)
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Common Stock
$0.10 par value per share 694,314 shares $6.81 $4,728,278 $505.93
Common Stock
$0.10 par value per share
208,293 shares $10.32 $2,149,584 $230.01
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(1) The maximum number of shares of Common Stock issuable upon awards to be
granted under the American Bancorp of New Jersey, Inc. 2005 Stock
Option Plan consists of 694,314 shares, and under the American Bank of
New Jersey 2005 Restricted Stock Plan (the "RSP") consists of 208,293
shares are being registered under this Registration Statement and for
which a registration fee is being paid. Additionally, an indeterminate
number of additional shares may be offered and issued to prevent
dilution resulting from stock splits, stock dividends or similar
transactions.
(2) Under Rule 457(h) of the 1933 Act, the registration fee may be
calculated, inter alia, based upon the price at which the stock options
may be exercised. An aggregate of 902,607 shares are being registered
hereby, of which 694,314 shares are under option at a weighted average
exercise price of $6.81 per share ($4,728,278 in the aggregate). The
remainder of such shares 208,293 shares, consisting of 208,293 shares
awarded under the RSP, are being registered based upon the average of
the high and low prices of the Common Stock of the Registrant as
reported on the Nasdaq National Market on January 26, 2006, of $10.32
per share ($2,149,584 in the aggregate), for a total offering of
$6,877,862.
This Registration Statement shall become effective automatically upon
the date of filing, in accordance with Section 8(a) of the Securities Act of
1933 ("1933 Act") and Rule 462 of the 1933 Act.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information. *
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Item 2. Registrant Information and Employee Plan Annual Information. *
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*This Registration Statement relates to the registration of 902,607
shares of American Bancorp of New Jersey, Inc. (the "Company" or "Registrant")
common stock, $.10 par value per share (the "Common Stock") issuable to
employees, officers and directors of the Registrant or its subsidiary as
compensation for services in accordance with the American Bancorp of New Jersey,
Inc. 2005 Stock Option Plan under which 694,314 shares are issuable, and the
American Bank of New Jersey 2005 Restricted Stock Plan under which 208,293
shares are issuable (together, the "Plans"). Documents containing the
information required by Part I of this Registration Statement will be sent or
given to participants in the Plan as specified by Rule 428(b)(1). Such documents
are not filed with the Securities and Exchange Commission (the "Commission")
either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424, in reliance on Rule 428.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference.
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The Company became subject to the informational requirements of the
Securities Exchange Act of 1934 (the "1934 Act") on August 17, 2005 and,
accordingly, files periodic reports and other information with the Commission.
Reports, proxy statements and other information concerning the Company filed
with the Commission may be inspected and copies may be obtained (at prescribed
rates) at the Commission's Public Reference Section, Room 1024, 450 Fifth
Street, N.W., Washington, D.C. 20549.
The following documents filed by the Company are incorporated in this
Registration Statement by reference:
1. The description of the Company's securities as contained in the
Company's Registration Statement on Form 8-A, as filed with the Commission on
August 17, 2005; and
2. Form 10-K for the fiscal year ended September 30, 2005, as filed
with the Commission.
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14, and 15(d) of the 1934 Act, 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 in this Registration Statement and to be a part
hereof from the date of filing of such documents.
Item 4. Description of Securities.
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Not Applicable
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Item 5. Interests of Named Experts and Counsel.
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Not Applicable
Item 6. Indemnification of Directors and Officers.
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Section 14A:3-5 of the New Jersey Business Corporation Act describes
those circumstances under which directors, officers, employees and agents may be
insured or indemnified against liability which they may incur in their
capacities as such.
Section 18 of the Certificate of Incorporation of the Company require
indemnification of directors, officers, employees or agents of the Company to
the full extent permissible under New Jersey law.
The registrant believes that these provisions assist the registrant in,
among other things, attracting and retaining qualified persons to serve the
registrant and its subsidiary. However, a result of such provisions could be to
increase the expenses of the registrant and effectively reduce the ability of
stockholders to sue on behalf of the registrant because certain suits could be
barred or amounts that might otherwise be obtained on behalf of the registrant
could be required to be repaid by the registrant to an indemnified party.
The Company may purchase and maintain insurance on behalf of any person
who is or was a director, officer, employee, or agent of the Company or is or
was serving at the request of the Company as a director, officer, employee, or
agent of another corporation, partnership, joint venture, trust, or other
enterprise against any liability asserted against the person and incurred by the
person in any such capacity or arising out of his status as such, whether or not
the Company would have the power to indemnify the person against such liability
under the provisions of the Certificate of Incorporation.
Additionally, the Company has in force a directors and officers
liability policies for claims directly against directors and officers and for
claims where the Company is required to indemnify directors and officers. A
policy is underwritten by Zurich with a $5,000,000 aggregate limit of liability
and an aggregate deductible of $50,000.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 ("1933 Act") may be permitted to directors, officers, or persons
controlling the Company pursuant to the foregoing provisions, the Company has
been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the 1933 Act and is
therefore unenforceable.
Item 7. Exemption from Registration Claimed.
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Not Applicable
Item 8. Exhibits.
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For a list of all exhibits filed or included as part of this
Registration Statement, see "Index to Exhibits" at the end of this Registration
Statement.
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Item 9. Undertakings.
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(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;
(i) To include any prospectus required by Section 10(a)(3) of
the 1933 Act;
(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
Registration Statement is on Form S-3, 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 15(d) of the
1934 Act that are incorporated by reference in the Registration Statement.
(2) That, for the purpose of determining any liability under
the 1933 Act, 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 1933 Act each filing of the Registrant's
annual report pursuant to section 13(a) or section 15(d) of the 1934 Act (and,
where applicable, each filing of an employee benefit plan's annual report
pursuant to section 15(d) of the 1934 Act) 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) The undersigned Registrant hereby undertakes to deliver or cause to
be delivered with the prospectus, to each person to whom the prospectus is sent
or given, the latest annual report, to security holders that is incorporated by
reference in the prospectus and furnished pursuant to and meeting the
requirements of Rule 14a-3 or Rule 14c-3 under the 1934 Act; and, where interim
financial information required to be presented by Article 3 of Regulation S-X is
not set forth in the prospectus, to deliver, or cause to be delivered to each
person to whom the prospectus is sent or given, the latest quarterly report that
is specifically incorporated by reference in the prospectus to provide such
interim financial information.
(d) Insofar as indemnification for liabilities arising under the 1933
Act may be permitted to directors, officers, and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise,
4
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 1933 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 expressed in the 1933 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 Bloomfield in the State of New Jersey, on the 30th
day of January, 2006.
American Bancorp of New Jersey, Inc.
By: /s/Joseph Kliminski
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Joseph Kliminski
Chief Executive Officer
(Duly Authorized Representative)
POWER OF ATTORNEY
We, the undersigned directors and officers of American Bancorp of New
Jersey, Inc. do hereby severally constitute and appoint Joseph Kliminski as our
true and lawful attorney and agent, to do any and all things and acts in our
American Bancorp of New Jersey, Inc. names in the capacities indicated below and
to execute any and all instruments for us and in our names in the capacities
indicated below which said Joseph Kliminski may deem necessary or advisable to
enable American Bancorp of New Jersey, Inc. to comply with the Securities Act of
1933, as amended, and any rules, regulations and requirements of the Securities
and Exchange Commission, in connection with the Registration Statement on Form
S-8 relating to the registrant, including specifically, but not limited to,
power and authority to sign, for any of us in our names in the capacities
indicated below, the Registration Statement and any and all amendments
(including post-effective amendments) thereto; and we hereby ratify and confirm
all that said Joseph Kliminski shall 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 below by the following persons in the
capacities indicated as of the date indicated.
/s/W. George Parker /s/Joseph Kliminski
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W. George Parker Joseph Kliminski
Chairman of the Board Chief Executive Officer and
Director
(Principal Executive Officer)
Date: January 30, 2006 Date: January 30, 2006
/s/Robert A. Gaccione /s/Joseph North
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Robert A. Gaccione H. Joseph North
Director Director
Date: January 30, 2006 Date: January 30, 2006
/s/Vincent S. Rospond
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Stanley Obal Vincent S. Rospond
Director Director
Date: Date: January 30, 2006
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/s/James H. Ward, III /s/Eric B. Heyer
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James H. Ward, III Eric B. Heyer
Director Senior Vice President,
Treasurer and Chief Financial Officer
(Principal Financial and Accounting Officer)
Date: January 30, 2006 Date: January 30, 2006
/s/Fred G. Kowal
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Fred G. Kowal
President and Director
Date: January 30, 2006
INDEX TO EXHIBITS
Exhibit Description
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4.1 American Bancorp of New Jersey, Inc. 2005 Stock Option
Plan
4.2 American Bank of New Jersey 2005 Restricted Stock Plan
4.3 Form of Stock Option Agreement to be entered into with
respect to Stock Options under the Stock Option Plan
4.4 Form of Restricted Stock Award Agreement
4.5 Form of Stock Award Tax Notice
5.1 Opinion of Malizia Spidi & Fisch, PC as to the validity of the
Common Stock being registered
23.1 Consent of Malizia Spidi & Fisch, PC (appears in their opinion
filed as Exhibit 5.1)
23.2 Consent of Crowe Chizek and Company LLC
24 Reference is made to the Signatures section of this
Registration Statement for the Power of Attorney contained
therein