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As filed with the Securities and Exchange Commission on March 12, 2001
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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CONTANGO OIL & GAS COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 95-4079863
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3700 BUFFALO SPEEDWAY, SUITE 960
HOUSTON, TEXAS 77098
(address of Registrant's principal executive offices)
CONTANGO OIL & GAS COMPANY 1999 STOCK INCENTIVE PLAN, AS AMENDED
(Full title of the plan)
KENNETH R. PEAK
PRESIDENT AND CHIEF EXECUTIVE OFFICER
3700 BUFFALO SPEEDWAY, SUITE 960
HOUSTON, TEXAS 77098
(713) 960-1901
(Name and address, telephone number, including area code, of agent for service)
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Copy of all communications to:
RICHARD A. SHORTZ
MORGAN, LEWIS & BOCKIUS LLP
300 SOUTH GRAND AVENUE
TWENTY-SECOND FLOOR
LOS ANGELES, CA 90071-3132
(213) 612-2500
CALCULATION OF REGISTRATION FEE
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Proposed maximum Proposed maximum
Title of securities Amount to be Offering price Aggregate Amount of
to be registered(1) registered(1) per share(2) offering price(2) registration fee(3)
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Common Stock, $0.04 per
share par value 2,500,000 $5.047 $12,617,475 $3,155
=======================================================================================================================+
(1) This registration statement covers shares of Common Stock of the Company
("Shares"), which may be offered or sold pursuant to the Contango Oil & Gas
Company 1999 Stock Incentive Plan, as amended (the "Plan"). In addition,
pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this
registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the Plan. Pursuant to Rule 457(h)(2), no
separate registration fee is required with respect to the interests in the
Plan. This registration statement also relates to an indeterminate number
of Shares which may be issued upon stock splits, stock dividends or similar
transactions in accordance with Rule 416.
(2) With respect to awards that have previously been issued under the Plan, the
actual offering price has been used to compute the maximum offering price
pursuant to Rule 457(h)(1). For the remaining shares issuable under the
Plan, the maximum offering price is estimated pursuant to Rule 457(c) and
(h) solely for the purpose of calculating the registration fee using the
average of the high and low prices as of March 9, 2001 of the shares of our
Common Stock on the American Stock Exchange, which average was $5.4450 per
share.
(3) Calculated pursuant to Section 6(b) as follows: proposed maximum aggregate
offering price multiplied by .00025.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, as filed by Contango Oil & Gas Company (the
"Registrant") with the Securities and Exchange Commission (the "Commission"),
are hereby incorporated by reference in this Registration Statement and made a
part hereof:
(a) The Registrant's latest prospectus filed pursuant to Rule 424(b)
with the Commission in connection with the filing of the Registrant's
Registration Statement on Form SB-2 on October 25, 2000, as amended
(Registration No. 333-48588).
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act") since
the end of the fiscal year covered by the financial statements set
forth in the Registrant's Annual Report on Form 10-KSB for the fiscal
year ended June 30, 2000.
(c) The description of the Common Stock of the Registrant contained in
the Registrant's Registration Statement on Form 8-A filed with the
Commission on January 16, 2001, including any amendment thereto or
report filed for the purpose of updating such description.
All reports and other 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 to this Registration Statement which
indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by
reference herein and to be part hereof from the date of filing of such
documents. Any statement contained in any document, all or a portion of which is
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 or 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.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 102 of the Delaware General Corporation Law ("DGCL") allows a
corporation to eliminate or limit the personal liability of directors of a
corporation to the corporation or to its stockholders for monetary damages for a
breach of fiduciary duty as a director, except (i) for breach of the director's
duty of loyalty, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (iii) for certain unlawful
dividends and stock repurchases or (iv) for any transaction from which the
director derived an improper personal benefit.
Section 145 of the DGCL provides that in the case of any action other
than one by or in the right of the corporation, a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that such
person is or was a director, officer, employee
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or agent of the corporation, or is or was serving at the request of the
corporation in such capacity on behalf of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him in connection with such action if he acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best interests of
the corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful.
Section 145 of the DGCL provides that in the case of an action by or in
the right of a corporation to procure a judgment in its favor, a corporation may
indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action or suit by reason of the fact
that such person is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation in such
capacity on behalf of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorneys' fees) actually and
reasonably incurred by him in connection with the defense or settlement of such
action or suit if he acted under standards similar to those set forth in the
preceding paragraph, except that no indemnification may be made in respect of
any action or claim as to which such person shall have been adjudged to be
liable to the corporation unless and only to the extent a court determines that
such person is fairly and reasonably entitled to indemnification.
The Certificate of Incorporation and Bylaws of the Company provide for
indemnification of the officers and directors of the Company to the fullest
extent permitted by applicable law. Applicable law permits indemnification for
all matters (including those asserted in derivative actions) except for those
determined by a court to have constituted willful misconduct or recklessness.
The Company has obtained directors' and officers' liability insurance.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The following is a list of exhibits filed as part of this Registration
Statement.
Exhibit
Number Exhibit
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5.1 Opinion and consent of Morgan, Lewis & Bockius LLP, counsel to
the Company
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Counsel (included as part of Exhibit 5.1)
24.1 Power of Attorney (reference is made to page II-4 of this
Registration Statement)
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
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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) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent 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) of this
section do not apply if 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 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 the purpose
of determining any liability under the Securities Act of 1933, each filing of
the Registrant's annual report pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (and each filing of the Plan's respective annual
reports pursuant to Section 15(d) of the Securities Exchange Act of 1934) 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 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 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 Act 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, 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 Houston, state of Texas
on this 12th day of March, 2001.
CONTANGO OIL & GAS COMPANY
By: /s/ Kenneth R. Peak
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Kenneth R. Peak
President, Chief Executive Officer,
Chief Financial Officer, and Secretary
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
That the undersigned directors of Contango Oil & Gas Company, a
Delaware corporation, do hereby constitute and appoint Kenneth R. Peak, the
lawful attorney-in-fact and agent, with full power and authority to do any and
all acts and things and to execute any and all instruments which said attorney
and agent determines may be necessary or advisable or required to enable said
corporation to comply with the Securities Act of 1933, as amended, and any rules
or regulations or requirements of the Commission in connection with this
Registration Statement. Without limiting the generality of the foregoing power
and authority, the powers granted include the power and authority to sign the
names of the undersigned in the capacities indicated below to this Registration
Statement, to any and all amendments, both pre-effective and post-effective, and
supplements to this Registration Statement and to any and all instruments or
documents filed as a part of or in conjunction with this Registration Statement
or to amendments or supplements thereof, and each of the undersigned hereby
ratifies and confirms all that said attorney and agent shall do or cause to be
done by virtue hereof. This Power of Attorney may be signed in several
counterparts.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of
Attorney as of the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities and on the date indicated.
Signature Capacity Date
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/s/ Kenneth R. Peak President, Chief Executive Officer, March 12, 2001
- -------------------------------- Chief Financial Officer, Secretary,
Kenneth R. Peak and Director
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/s/ John B. Juneau Director March 12, 2001
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John B. Juneau
/s/ Joseph J. Romano Director March 12, 2001
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Joseph J. Romano
/s/ Darrell W. Williams Director March 12, 2001
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Darrell W. Williams
/s/ Robert J. Zahradnik
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Robert J. Zahradnik Director March 12, 2001
/s/ Jay D. Brehmer Director March 12, 2001
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Jay D. Brehmer
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EXHIBIT INDEX
Exhibit No. Exhibit
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5.1 Opinion and consent of Morgan, Lewis & Bockius LLP, counsel to
the Company
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Counsel (included as part of Exhibit 5.1)
24.1 Power of Attorney (reference is made to page II-4 of this
Registration Statement)