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As filed with the Securities and Exchange Commission on April 19, 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
VENUS EXPLORATION, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 13-3299127
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
1250 N.E. LOOP 410, SUITE 1000 78209
SAN ANTONIO, TEXAS (Zip Code)
(210) 930-4900
(Address of Principal Executive Offices)
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VENUS EXPLORATION, INC.
1997 INCENTIVE PLAN,
AS AMENDED AND RESTATED
(Full title of the plan)
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EUGENE L. AMES, JR.
Chairman and Chief Executive Officer
Venus Exploration, Inc.
1250 N.E. Loop 410, Suite 1000
San Antonio, Texas 78209
(210) 930-4900
(Name and address of agent for service)
Copy to:
Will C. Jones, IV
Lindow & Treat, LLP
112 East Pecan Street, Suite 2300
San Antonio, Texas 78205
(210) 475-0650
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CALCULATION OF REGISTRATION FEE
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Proposed Proposed
maximum maximum
Amount to be offering price aggregate Amount of
Title of securities to be registered registered(1) per share(2) offering price(2) registration fee(2)
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Common Stock, $0.01 par value....... 500,000 $0.765 $382,500 $95.63
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(1) These shares represent additional shares that were added to the 1997
Incentive Plan pursuant to stockholder action taken on December 12, 2000.
The amount to be registered also includes such indeterminate number of
shares as may be issued to prevent dilution resulting from stock splits,
stock dividends or similar transactions in accordance with Rule 416
promulgated under the Securities Act of 1933.
(2) The offering price per share, the aggregate offering price and the
registration fee have each been calculated in accordance with paragraphs
(c) and (h)(1) of Rule 457 under the Securities Act of 1933 based on the
average high and low sales prices of the Common Stock as reported on the
Nasdaq SmallCap Market on April 17, 2001 ($0.765 per share).
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VENUS EXPLORATION, INC.
500,000 SHARES OF COMMON STOCK
This Registration Statement on Form S-8 is being filed for the purpose of
increasing the number of shares of common stock for which awards may be granted
under the 1997 Incentive Plan, as amended and restated, and to update and to
restate some information under Item 5. As amended, the 1997 Incentive Plan
allows the company to award up to 2,000,000 shares of its common stock. As
originally registered, the 1997 Incentive Plan had a maximum of 1,500,000 shares
of common stock.
In addition to the increase in the number of shares available under the
1997 Incentive Plan, the originally registered plan also limited the number of
shares that could be issued under the plan to 10% of the issued and outstanding
shares of the company's common stock. It also limited the number of Incentive
Stock Options that could be issued. Both limits were removed by the plan
amendments approved by the stockholders.
The original registration statement was filed on August 11, 1998, under
Registration No. 333-61193. All of the contents of Registration Statement No.
333-61193 are incorporated herein by reference and shall continue in full force
and effect.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3: INCORPORATION OF DOCUMENTS BY REFERENCE
Venus Exploration, Inc. (the "Company") hereby incorporates by
reference the following documents filed with the Securities and Exchange
Commission (the "Commission"):
(a) The Company's Annual Report on Form 10-K for its fiscal year
ended December 31, 2000;
(b) All documents subsequently filed by the Company pursuant to
Sections 13(a), 13(c), 14, and 15(d) of the Securities
Exchange Act of 1934, as amended, prior to the filing of a
post-effective amendment that indicates that all securities
offered hereunder have been sold or that deregisters all
securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from
the date such documents are filed. 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 contained herein or in any other subsequently
filed document which also is or is deemed to be incorporated
by reference in this Registration Statement modifies or
supersedes such statement; and
(c) The description of the Company's Common Stock contained in the
Company's Registration Statement on Form 8-A dated March 12,
1986.
ITEM 5: INTEREST OF NAMED EXPERTS AND COUNSEL.
Will C. Jones, IV, Of Counsel to Lindow & Treat, LLP, is married to
Elizabeth Ames Jones ("Mrs. Jones"). Mrs. Jones is the daughter of Eugene L.
Ames, Jr., Chairman of the Board, Chief Executive Officer and a significant
stockholder of the Company, and the sister to John Y. Ames, President and a
director of the Company. Mrs. Jones also owns 262,373 shares of the Company's
common stock. Mrs. Jones's shares are no longer subject to the terms of the
Voting Trust Agreement.
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ITEM 8: EXHIBITS
Exhibit No. Exhibit
4.1* Venus Exploration 1997 Incentive Plan, as amended and
restated on December 12, 2000 (incorporated by reference
to the Company's Annual Report on Form 10-K for the year
ended December 31, 2000)
5.1 Opinion of Lindow & Treat, LLP with respect to validity of
issuance of securities (filed herewith)
23.1 Consent of KPMG LLP (filed herewith)
23.2 Consent of Ryder Scott Company (filed herewith)
23.3 Consent of Lindow & Treat, LLP (included in Exhibit 5.1).
24.1 Power of Attorney of the directors (included on the
signature page of the Registration Statement No.
333-61193)
* Incorporated herein by reference.
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SIGNATURES AND POWER OF ATTORNEY
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 San Antonio, State of Texas, on the 18th day of
April, 2001.
VENUS EXPLORATION, INC.
By: /s/ E.L. AMES, JR.
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E.L. Ames, Jr.
Chairman 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 on
behalf of the Registrant in the capacities and on the dates indicated:
Signature Title Date
- --------- ----- ----
/s/ E.L. AMES, JR. Chairman, Chief Executive April 18, 2001
- -------------------------------------------- Officer and Director
E.L. Ames, Jr.
o President, Chief Operating April 18, 2001
- -------------------------------------------- Officer and Director
John Y. Ames
o Director April 18, 2001
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J.C. Anderson
o Director April 18, 2001
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Martin A. Bell
o Director April 18, 2001
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James W. Gorman
o Director April 18, 2001
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Jere W. McKenny
o Director April 18, 2001
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John H. Pinkerton
o By : /s/ E.L. Ames, Jr.
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E.L. Ames, Jr., Attorney-in-fact
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints each of Eugene L. Ames, Jr., and John Y.
Ames, his true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign, execute and file with the Securities and
Exchange Commission and any state securities regulatory board or commission any
documents relating to the proposed issuance and registration of the securities
offered pursuant to this Registration Statement on Form S-8 under the Securities
Act of 1933, including any amendment or amendments relating thereto (and any
additional Registration Statement related hereto permitted by Rule 462(b)
promulgated under the Securities Act of 1933, including any amendment or
amendments relating thereto), with all exhibits and any and all documents
required to be filed with respect thereto with any regulatory authority,
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 and about the premises in order to effectuate the same
as fully to all intents and purposes as he might or could do if personally
present, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or either of them, or their or his substitute or substitutes, may
lawfully do or cause to be done.
/s/ MICHAEL E. LITTLE Director April 18, 2001
- --------------------------------------------
Michael E. Little
/s/ P. MARK STARK Chief Financial Officer April 18, 2001
- -------------------------------------------- (Principal Financial Officer)
P. Mark Stark
/S/ TERRY F. HARDEMAN Treasurer and April 18, 2001
- -------------------------------------------- Chief Accounting Officer
Terry F. Hardeman (Principal Accounting Officer)
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INDEX TO EXHIBIT
EXHIBIT
NUMBER DESCRIPTIONS
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4.1* Venus Exploration 1997 Incentive Plan, as amended and
restated on December 12, 2000 (incorporated by reference
to the Company's Annual Report on Form 10-K for the year
ended December 31, 2000)
5.1 Opinion of Lindow & Treat, LLP with respect to validity of
issuance of securities (filed herewith)
23.1 Consent of KPMG LLP (filed herewith)
23.2 Consent of Ryder Scott Company (filed herewith)
23.3 Consent of Lindow & Treat, LLP (included in Exhibit 5.1).
24.1 Power of Attorney of the directors (included on the
signature page of the Registration Statement No.
333-61193)
* Incorporated herein by reference.