As filed with the Securities and Exchange Commission on July 26, 2002
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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CAE INC.
(Exact name of registrant as specified in its charter)
Canada Not Applicable
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Royal Bank Plaza, South Tower
Suite 3060
Toronto, Ontario
Canada M5J 2J1
(416) 865-0070
(Address of principal executive offices, including zip code)
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CAE Inc. Employee Stock Purchase Plan
CAE Inc. Employee Stock Option Plan (as Amended and Restated)
(Full titles of the plans)
CT Corporation System
111 8th Avenue, 13th Floor
New York, New York, 10011
(212) 894-8700
(Name, address and telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Title of Amount Proposed Proposed Maximum Amount
Securities to be Maximum Aggregate of
to be Registered Offering Price Offering Registration
Registered (1) Per Share Price Fee
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Common Shares, no par value 17,000 (2) U.S.$4.22 (3) U.S.$ 71,740 (3) U.S.$ 6.61
62,250 (2) U.S.$7.75 (3) U.S.$ 482,438 (3) U.S.$ 44.39
14,500 (2) U.S.$8.98 (3) U.S.$ 130,210 (3) U.S.$ 11.98
221,000 (2) U.S.$8.07 (3) U.S.$1,783,470 (3) U.S.$164.08
800,000 (4) U.S.$6.40 (5) U.S.$5,120,000 (5) U.S.$471.04
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Total 1,114,750 U.S.$7,587,858 U.S.$698.10
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(1) This registration statement on Form S-8 (this "Registration Statement")
shall also cover any additional common shares, no par value (the "Common
Shares"), of CAE Inc. (the "Registrant") which become issuable under any of
the Registrant's plans registered pursuant to this Registration Statement
by reason of any stock dividend, stock split, recapitalization or any other
similar transaction or similar transaction effected without the receipt of
consideration which results in an increase in the number of the
Registrant's outstanding Common Shares. Pursuant to Rule 416(c) under the
Securities Act of 1933, as amended (the "Securities Act"), this
Registration Statement also covers an indeterminate amount of plan
interests to be offered or sold pursuant to the CAE Inc. Employee Stock
Purchase Plan.
(2) Represents 314,750 Common Shares subject to outstanding awards under the
CAE Inc. Employee Stock Option Plan (as Amended and Restated).
(3) Pursuant to Rules 457(c) and 457(h) under the Securities Act, the Proposed
Maximum Offering Price Per Share and the Proposed Maximum Aggregate
Offering Price are based on the per share exercise price of the stock
options, translated into U.S. dollars at the noon buying rate in New York
City on July 24, 2002, for cable transfers in Canadian dollars as
certified for customs purposes by the Federal Reserve Bank of New York on
that date.
(4) Represents an aggregate of 800,000 Common Shares, of which 500,000 Common
Shares are available for future issuance under the CAE Inc. Employee Stock
Option Plan (as Amended and Restated) and 300,000 Common Shares are
available for future purchase under the CAE Inc. Employee Stock Purchase
Plan.
(5) Pursuant to Rules 457(c) and 457(h) under the Securities Act, the Proposed
Maximum Offering Price Per Share and the Proposed Maximum Aggregate
Offering Price for an aggregate of 800,000 Common Shares available for
future awards under the CAE Inc. Employee Stock Option Plan (as Amended and
Restated) and the CAE Inc. Employee Stock Purchase Plan are estimated based
on the average of the high and low prices of the Common Shares reported on
the Toronto Stock Exchange on July 24, 2002, translated into U.S. dollars
at the noon buying rate in New York City on July 24, 2002, for cable
transfers in Canadian dollars as certified for customs purposes by the
Federal Reserve Bank of New York on that date. Such estimate is being
utilized solely for the purpose of calculating the registration fee.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
ITEM 1. Plan Information.*
ITEM 2. Registrant Information and Employee Annual Information.*
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* Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from this Registration Statement in accordane with
Rule 428 under the Securities Act and the "Note" to be Part I of Form S-8.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 3. Incorporation of Documents by Reference.
The following documents previously filed with the Securities and
Exchange Commission (the "SEC") by the Registrant are incorporated by
reference in this Registration Statement:
(a) the Registrant's Registration Statement on Form 40-F (No.
1-31402), as filed with the Commission on July 25, 2002 (the
"Registration Statement on Form 40-F"), pursuant to Section 12 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
which contains audited financial statements for the Registrant's
latest financial year for which such statements have been filed; and
(b) the description of the Registrant's Common Shares set forth
in Exhibit 14 to the Registration Statement on Form 40-F, including
any amendment or report for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the
filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities
remaining unsold, shall be deemed to be a part hereof from the date of
filing such documents. In addition, reports on Form 6-K furnished by
the Registrant to the SEC shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from
the date such documents are furnished to the SEC.
Any statement contained in a document incorporated or deemed
to be incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent
that a statement incorporated by reference herein modified or
supersedes such statement. Any such 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.
Not applicable.
ITEM 6. Indemnification of Directors and Officers.
Under the Canada Business Corporations Act (the "CBCA"), a corporation
may indemnify a current or former director or officer of the corporation or
another individual who acts or acted at the corporation's request as a director
or officer, or an individual acting in a similar capacity, of another entity
(each, an "Indemnified Individual"), against all costs, charges and expenses,
including an amount paid to settle an action or satisfy a judgment, reasonably
incurred by the individual in respect of any civil, criminal, administrative,
investigative or other proceeding in which the individual is involved because of
that association with the corporation or other entity (collectively, "Costs"). A
corporation may advance moneys to an Indemnified Individual for the Costs
referred to above. A corporation may not indemnify an Indemnified Individual as
aforesaid unless the individual (a) acted honestly and in good faith with a view
to the best interests of the corporation, or, as the case may be, to the best
interests of the other entity for which the individual acted as a director or
officer or in a similar capacity at the corporation's request and (b) in the
case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, the individual had reasonable grounds for believing that the
individual's conduct was lawful. If the Indemnified Individual does not fulfill
conditions (a) and (b) referred to above, the individual shall repay the moneys
advanced by the corporation. A corporation may, with the approval of a court,
indemnify or advance moneys as aforesaid in connection with a derivative action.
An Indemnified Individual is not entitled to indemnity from the corporation in
respect of all Costs if the individual seeking indemnity was not judged by the
court or other competent authority to have committed any fault or admitted to do
anything that the individual ought to have done and does not fulfill the
conditions (a) and (b) referred to above.
In accordance with the CBCA, the by-laws of the Registrant indemnify a
director or officer of the Registrant, a former director or officer of the
Registrant or a person who acts or acted at the Registrant's request as a
director or officer of a body corporate of which the Registrant is or was a
shareholder or creditor and his heirs and legal representatives, against all
costs, charges and expenses, including an amount paid to settle an action or
satisfy a judgment reasonably incurred by him in respect of any civil, criminal
or administrative action or proceeding to which he is made a party by reason of
being or having been a director or officer of the Registrant or such body
corporate, if (i) he acted honestly and in good faith with a view to the best
interests of the Registrant, and (ii) in the case of a criminal or
administrative action or proceeding that is enforced by a monetary penalty, he
had reasonable grounds for believing that his conduct was lawful.
A policy of directors' and officers' liability insurance is maintained
by the Registrant which insures its directors and officers for losses as a
result of claims based upon their acts or omissions as directors and officers of
the Registrant, and also reimburses the Registrant for amounts paid by the
Registrant to indemnify its directors and officers as a result of such claims.
ITEM 7. Exemption from Registration Claimed.
Not applicable.
ITEM 8. Exhibits.
See attached exhibit list.
ITEM 9. Undertakings.
(a) The 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;
(ii) To reflect in the prospectus any facts
or events arising after the effective date of this
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 this Registration
Statement; and
(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;
(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 therein, 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.
(b) The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of
the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act that is incorporated by reference in this 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) Insofar as indemnification for liabilities arising under
the Securities Act 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 SEC 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 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 and will be governed by
the final adjudication of such issue.
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 Toronto, Province of Ontario, Country of Canada,
on this 26th day of July, 2002.
CAE INC.
By: /s/ D.H. Burney
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Name: D.H. Burney
Title: President and Chief Executive
Officer
Pursuant to the requirements of the Securities Act of 1933,
this Registration statement on Form S-8 has been signed by the following persons
in the capacities indicated on the date indicated.
Signature Title Date
* President and Chief 7/26/02
- ----------------------------------- Executive Officer and
D.H. Burney and Director (Principal
Executive Officer)
* 7/26/02
- ----------------------------------- Director
John A. (Ian) Craig
* 7/26/02
- ----------------------------------- Director
Richard (Dick) J. Currie, C.M.
* 7/26/02
- ----------------------------------- Director
R. Fraser Elliott, C.M., Q.C
* 7/26/02
- ----------------------------------- Director
H. Garfield Emerson, Q.C.
* 7/26/02
- ----------------------------------- Director
Anthony S. Fell
* 7/26/02
- ----------------------------------- Director
The Honourable James A. Grant,
P.C., Q.C.
- ----------------------------------- Director
James F. Hankinson
* 7/26/02
- ----------------------------------- Director
E. Randolph (Randy) Jayne II
* 7/26/02
- ----------------------------------- Director
James W. McCutcheon, Q.C.
- ----------------------------------- Director
George K. Petty
* 7/26/02
- ----------------------------------- Executive Vice President, Chief
Paul G. Renaud Financial Officer and Secretary
(Principal Financial Officer and
Principal Accounting Officer)
- ----------------------------------- Director
Lawrence N. Stevenson
* 7/26/02
- ----------------------------------- Chairman of the Board of Directors
Lynton R. Wilson
*By: /s/ Paul G. Renaud 7/26/02
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Paul G. Renaud
(Attorney-in-fact)
CAE Inc. Employee Stock Purchase Plan. Pursuant to the
requirements of the Securities Act, the trustee (or other persons who administer
the employee benefit plan) has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Montreal, Province of Quebec, Country of Canada, on this 26th day of July,
2002.
CAE INC. EMPLOYEE STOCK PURCHASE PLAN
By: /s/ Genevieve Faribault
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Name: Genevieve Faribault
Title: Secretary for Standard Life
Assurance Company
AUTHORIZED REPRESENTATIVE
Pursuant to the requirements of Section 6(a) of the Securities
Act of 1933, as amended, the Authorized Representative has duly caused this
Registration Statement to be signed on its behalf by the undersigned, solely in
its capacity as the duly authorized representative of CAE Inc. in the United
States, in the City of Toronto, Province of Ontario, Country of Canada, on this
26th day of July, 2002.
CAE (US) INC.
(Authorized U.S. Representative)
By: /s/ Paul G. Renaud
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Name: Paul G. Renaud
Title: Director
Exhibit Index
Exhibit
Number Description
4.1* Registrant's Articles of Amalgamation.
4.2* Registrant's By-laws.
4.3* Registrant's Amended and Restated Shareholder Rights Plan Agreement
dated June 14, 2000 and Assignment of Agencies Agreement dated
January 15, 2001.
4.4* CAE Inc. Employee Stock Purchase Plan.
4.5* CAE Inc. Employee Stock Option Plan (as Amended and Restated).
5.1* Consent of Stikeman Elliot as to the Legality of the Common Shares.**
23.1* Consent of PricewaterhouseCoopers LLP, Montreal, Quebec.
23.2* Consent of Stikeman Elliot (contained in Exhibit 5.1).
24.1* Powers of Attorney.
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* Filed herewith.
** The Common Shares registered on this Registration Statement with respect to
the CAE Inc. Employee Stock Purchase Plan are not original issuance securities.
Pursuant to Item 8(a) of Part II of Form S-8, an opinion of counsel as to the
legality of the Common Shares with respect to such plan is not required.