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The Registrant requests that the Registration Statement become effective
immediately upon filing pursuant to Securities Act Rule 462.
As filed with the Securities and Exchange Commission on May 23, 1995.
No.__________________
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
REXON INCORPORATED
(Exact Name of Issuer as Specified in its Charter)
Delaware 95-4317481
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(State or other jurisdiction of I.R.S. Employer Identification No.)
incorporation or organization)
One Progress Plaza, Suite 2110
St. Petersburg, Florida 33701
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(Address of principal executive office)
1992 STOCK OPTION PLAN
(Full Title of the Plan)
Robert C. Genesi, Chairman of the Board
Rexon Incorporated
One Progress Plaza, Suite 2110
St. Petersburg, Florida 33701
(Name and Address of Agent for Service)
(813) 896-9609
(Telephone Number, Including Area Code, of Agent for Service)
Copy to:
Kriston D. Qualls, Esq.
Graven Perry Block Brody & Qualls
523 West Sixth Street, Suite 1130
Los Angeles, California 90014
(213) 680-9770
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CALCULATION OF REGISTRATION FEE
Proposed Maximum Proposed Maximum
Title of Securities Amount to be Offering Price Per Aggregate Offering Amount of
to be Registered Registered(1) Share Price Registration Fee
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Common Stock 580,500 sh(2) $ NA (2) $ N/A (2) $ 0 (2)
99,655 sh(3) $ 4.37(3) $ 435,990(3) $ 150.34(3)
600,345 sh(4) $ 5.16(4) $3,097,780(4) $1,068.20(4)
------- ---------- ---------
1,280,500 sh $3,533,770 $1,218.54
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(1) Plus, in accordance with Rule 416(a), such indeterminate number of
shares as may become subject to options under the 1992 Stock Option
Plan (the "Plan") as a result of the adjustment provisions therein.
(2) Such shares have been previously registered and a registration fee
has been paid.
(3) The registration fee for 99,655 shares of Common Stock issuable upon
exercise of options which may be granted in the future was estimated
solely for the purpose of determining the amount of the registration
fee, based upon the last sale price of Registrant's Common Stock of $4
3/8 on the NASDAQ National Market System on May 17, 1995.
(4) The registration fee for 600,345 shares of Common Stock issuable upon
exercise of outstanding options under the Plan was calculated pursuant
to Rule 457(h), using the prices at which such options may be
exercised.
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
Registration Statement also covers an indeterminate amount of interests to be
offered or sold pursuant to the 1992 Stock Option Plan.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information*.
Item 2. Registrant Information and Employee Plan Annual Information*.
* Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from the Registration Statement in accordance
with Rule 428 under the Securities Act of 1933 and the Note to Part I
of Form S-8.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by Registrant with the Securities and
Exchange Commission are incorporated by reference in the Registration
Statement:
(1) Registrant's Report on Form 10-K for its fiscal year ended
October 2, 1994;
(2) Registrant's Quarterly Reports on Form 10-Q for the quarter
ended January 1, 1995 and April 2, 1995;
(3) Registrant's Proxy Statement, dated January 24, 1995,
concerning the 1995 Annual Meeting of Stockholders held March
16, 1995.
In addition, all documents subsequently filed by Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
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.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Counsel for Registrant, Graven Perry Block Brody & Qualls, A
Professional Corporation, has rendered an opinion to the effect that the
Registrant's shares of Common Stock covered by this Registration Statement will
be duly and validly issued, fully paid and non-assessable upon issuance.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The By-Laws of the Company provide for the indemnification of
directors and officers to the fullest extent permitted by the Delaware General
Corporation Law.
Section 145 of the Delaware General Corporation Law authorizes
indemnification when a person is made a party to any proceeding by reason of
the fact that such person is or was a director, officer, employee or agent of
the corporation, or is or was so serving at the request of the corporation in
such capacity for another corporation, and if such person acted in good faith
and in a manner reasonably believed to be in, or not opposed to, the best
interest
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of the corporation. With respect to any criminal proceeding, such person must
have had no reasonable cause to believe the conduct was unlawful. If it is
determined that the conduct of such person meets these standards, such person
may be indemnified for expenses incurred and amounts paid in such proceedings
if actually and reasonably incurred in connection therewith.
If such a proceeding is brought by or on behalf of the corporation
(i.e., a derivative suit), such person may be indemnified against expenses
actually and reasonably believed to be in, or not opposed to, the best
interests of the corporation. There can be no indemnification with respect to
any matter as to which such person is adjudged to be liable to the corporation
for negligence or misconduct in the performance of his or her duty; however, a
court may, even in such case, allow indemnification of such expenses as the
court deems proper. Where such person is successful in any such proceeding, he
or she is entitled to be indemnified against expenses actually and reasonable
incurred by him or her. In all other cases, indemnification is made by the
corporation upon determination by it that indemnification of such person is
proper because such person has met the applicable standard of conduct.
The Delaware General Corporation Law permits a Delaware corporation to
include in its Certificate of Incorporation a provision eliminating or limiting
the liability of directors for monetary damages arising from breaches of their
fiduciary duty. The only limitations imposed under the statute are that the
provisions may not eliminate or limit a director's liability (i) for any breach
of the director's duty of loyalty to the corporation or its stockholders, (ii)
for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii) for any transaction from which a director
derived an improper personal benefit, or (iv) for the payment of unlawful
dividends, stock purchases or redemptions. The Company's Certificate of
Incorporation contains a provision eliminating the liability of the Company's
directors for breaches of their fiduciary duty, subject to the limitations
imposed by statute as described above. The provisions do not limit or
otherwise affect the personal liability of a director for violation of Federal
Securities Law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
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ITEM 8. EXHIBITS.
The following Exhibits are filed as a part of this Registration
Statement:
4.1 1992 Stock Option Plan.
4.2 Amendment to 1992 Stock Option Plan.
5.1 Opinion of Graven Perry Block Brody & Qualls.
23.1 Consent of Deloitte & Touche LLP.
23.2 Consent of Graven Perry Block Brody & Qualls (included in
Option of Graven Perry Block Brody & Qualls filed as Exhibit
5.1 herein).
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 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 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;
(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 this
Registration Statement:
Provided however, that paragraphs (A)(1)(i) and (A)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this 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 remains
unsold at the termination of the offering.
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(B) The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act of 1933, each
filing of Registrant's annual report pursuant to Section 13(a) or Section 15(d)
of the Securities Exchange Act of 1934 (and, where applicable, each filing of
an employee benefit plan's annual report 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 herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(C) (1) 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 a copy of Registrant's annual report to
shareholders for its last fiscal year, unless such employee otherwise has
received a copy of such report, in which case Registrant shall state in the
Prospectus that it will promptly furnish, without charge, a copy of such report
on written request of the employee. If the last fiscal year of Registrant has
ended within 120 days prior to the use of the Prospectus, the annual report of
Registrant for the preceding fiscal year may be so delivered, but within such
120-day period the annual report for the last fiscal year will be furnished to
each such employee.
(2) The undersigned Registrant hereby undertakes to
transmit or cause to be transmitted to all employees participating in the Plan
who do not otherwise receive such material as shareholders of Registrant, at
the time and in the manner such material is sent to its shareholders, copies of
all reports, proxy statements and other communications distributed to its
shareholders generally.
(D) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of Registrant pursuant to the foregoing provisions, or otherwise,
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 Registrant
of expenses incurred or paid by a director, officer or controlling person of
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, 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, the Registrant, Rexon Incorporated, 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 St. Petersburg,
State of Florida, on the 15th day of May, 1995.
REXON INCORPORATED
By /s/ ROBERT C. GENESI
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Robert C. Genesi,
Chairman of the Board
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POWER OF ATTORNEY
The officers and directors of Rexon Incorporated, whose signatures
appear below, hereby constitute and appoint Robert C. Genesi and Irvin R.
Reuling, and each of them, their true and lawful attorneys and agents, with
full power of substitution, each with power to act alone, to sign and execute
on behalf of the undersigned any amendment or amendments to this Registration
Statement on Form S-8, and each of the undersigned does hereby ratify and
confirm all that said attorney and agent, or his or their substitutes, shall do
or cause to be done by virtue hereof.
________________________________________________________
Pursuant to the requirement of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
Signature Title Date
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/s/ Robert C. Genesi Chairman of the Board, Director and Chief May 15, 1995
------------------------------- Executive Officer
Robert C. Genesi
/s/ Henry Oberle Director and President May 15, 1995
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Henry Oberle
/s/ Irvin R. Reuling Director and Chief Financial Officer May 15, 1995
-------------------------------- (Principal Financial and Accounting Officer)
Irvin R. Reuling
__________________________ Director May ___, 1995
Stanley D. Czerwinski
/s/ Charles E. Moran Director May 1, 1995
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Charles E. Moran
/s/ Kanwal S. Rekhi Director May 15, 1995
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Kanwal S. Rekhi
/s/ Edmund H. Shea, Jr. Director May 5, 1995
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Edmund H. Shea, Jr.
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