As filed with the Securities and Exchange Commission on August 2, 2002 Registration No. 333-54502 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT Under The Securities Act of 1933 -------------- BQX LTD. (f/k/a APW LTD.) (Exact name of Registrant as specified in its charter) -------------- BERMUDA 04-2576375 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Clarendon House, 2 Church Street P.O. Box 666 Hamilton HM CX, Bermuda N22 W23685 Ridgeview Parkway West Waukesha, Wisconsin 53188-1013 (Address of principal executive offices) (Zip Code) -------------- APW LTD. 2001 OUTSIDE DIRECTORS' STOCK OPTION PLAN (Full title of the plan) -------------- Richard D. Carroll Copy to: Vice President and Chief Financial Officer ANTHONY W. ASMUTH III, ESQ. APW Ltd. Quarles & Brady LLP Clarendon House, 2 Church Street 411 East Wisconsin Avenue P.O. Box 666 Milwaukee, WI 53202 Hamilton HM CX, Bermuda N22 W23685 Ridgeview Parkway West Waukesha, Wisconsin 53188-1013 (Name and address of agent for service) (262) 523-7600 (Telephone number, including area code, of agent for service) CALCULATION OF REGISTRATION FEE - ------------------------------------------------------------------------------------------------------------- Proposed maximum Proposed maximum Title of Securities to be Amount to be offering price per aggregate offering Amount of registered registered share price registration fee - ------------------------------------------------------------------------------------------------------------- N/A* N/A* N/A* N/A* N/A* - -------------------------------------------------------------------------------------------------------------- *This Amendment is being filed to terminate the Registration Statement and deregister shares and the Preferred Stock Purchase Rights attached to the shares issued pursuant to the Registrant's Rights Agreement. POST-EFFECTIVE AMENDMENT: DEREGISTRATION OF SHARES This Post-Effective Amendment No. 1 to Registration Statement on Form S-8 (No. 333-54502) is being filed to deregister the remaining 200,000 shares of Common Stock, par value $0.01 per share and associated Preferred Stock Purchase Rights ("Common Stock"), of APW Ltd. covered by the Registration Statement on Form S-8 ("Registration Statement"). The Registration Statement was for 200,000 shares of Common Stock which were offered under the APW Ltd. 2001 Outside Directors' Stock Option Plan. An aggregate of 0 shares of Common Stock covered by the Registration Statement were issued thereunder. On May 16, 2002, APW Ltd. and its wholly-owned subsidiary, Vero Electronics, Inc., filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York ("Bankruptcy Court"). The Joint Plan of Reorganization of APW Ltd. and Vero Electronics, Inc., as modified, which was confirmed by the Bankruptcy Court on July 23, 2002 but entered on July 24, 2002, provides for the cancellation of all of the shares of Common Stock covered by the Registration Statement on its effective date. 1 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 Post-Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Village of Pewaukee, State of Wisconsin, on August 1, 2002. BQX LTD. (f/k/a APW LTD.) (Registrant) Date: August 1, 2002 By: /s/ Richard D. Carroll --------------------------------- Name: Richard D. Carroll Title: Vice President and Chief Financial Officer Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated as of the 1st day of August, 2002. Signature Title --------- ----- /s/ Richard G. Sim * Chairman of the Board, President and - ----------------------------------------------- Chief Executive Officer Richard G. Sim /s/ Richard D. Carroll Vice President and Chief Financial Officer - ----------------------------------------------- (Principal Financial Officer) Richard D. Carroll /s/ Todd A. Adams Controller - ----------------------------------------------- (Principal Accounting Officer) Todd A. Adams /s/ Bruno d'Avanzo Director - ----------------------------------------------- Bruno d'Avanzo /s/ W. Peter A. Douglas * Director - ----------------------------------------------- W. Peter A. Douglas /s/ John Ziemniak * Director - ----------------------------------------------- John Ziemniak /s/ John J. McDonough * Director - ----------------------------------------------- John J. McDonough *By Todd A. Adams, by Power of Attorney S-1