AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION NOVERMBER 27, 1998
REGISTRATION NO. 333-
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
--------------------------------
NORSTAN, INC.
(Exact name of registrant as specified in charter)
Minnesota 41-0835746
(State or other jurisdiction
of incorporation or organization) (I.R.S. employer
identification number)
5101 SHADY OAK ROAD
MINNETONKA, MINNESOTA 55343
(612) 352-4000
(Address, including zip code, and telephone number, including area code, of
registrants' principal executive offices)
------------------------------------------------------------------
NORSTAN, INC. 1995 LONG-TERM INCENTIVE PLAN
------------------------------------------------------------------
MR. KENNETH S. MACKENZIE
NORSTAN, INC.
5101 SHADY OAK ROAD
MINNETONKA, MINNESOTA 55343
(612) 352-4000
COPY TO:
PHILIP J. TILTON, ESQ.
MASLON EDELMAN BORMAN & BRAND, LLP
3300 NORWEST CENTER
MINNEAPOLIS, MINNESOTA 55402-4140
(612) 672-8200
CALCULATION OF REGISTRATION FEE
- --------------------------------------------------------------------------------------------------
TITLE OF EACH CLASS OF PROPOSED MAXIMUM PROPOSED MAXIMUM
SECURITIES AMOUNT TO BE OFFERING PRICE AGGREGATE OFFERING AMOUNT OF
TO BE REGISTERED REGISTERED PER SHARE PRICE(1) REGISTRATION FEE
- --------------------------------------------------------------------------------------------------
common stock, par value
$.10 per share 1,200,000 $16.00 $19,200,000 $5,337.60
- --------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee in
accordance with Rule 457 of the Securities Act based upon a $16.00 per share
average of high and low sales prices of the Registrant's common stock on the
Nasdaq National Market on November 20, 1998.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by the Registrant with the Securities and
Exchange Commission are incorporated herein by reference and made a part hereof:
(1) the contents of Registration Statement on Form S-8 No. 33-62971, filed
on September 27, 1995; and
(2) The description of the Company's common stock contained in the
Company's registration statement on Form 8-A filed pursuant to Section 12 of the
Exchange Act and all amendments thereto and reports filed 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 then remaining unsold, shall be deemed
to be incorporated by reference in this Registration Statement and to be part
hereof from the date of filing of such documents.
Item 8. EXHIBITS.
5. Opinion of Maslon Edelman Borman & Brand, LLP.
23(1) Consent of Arthur Andersen LLP.
23(2) Consent of Maslon Edelman Borman & Brand, LLP (contained in Exhibit 5).
II-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 registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of Plymouth, State of Minnesota, on November 24, 1998.
NORSTAN, INC.
By: /s/ David R. Richard
--------------------------
David R. Richard
Its: Chief Executive Officer
(Principal Executive Officer)
By: /s/ Kenneth S. MacKenzie
--------------------------
Kenneth S. MacKenzie
Its: Chief Financial Officer
(Principal Financial and Accounting Officer)
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below on the 24th day of November,
1998 by the following persons in the capacities indicated:
Signature Title
------------------------------- -------------------------------------------
/s/ Paul Baszucki
----------------------------
Paul Baszucki Chairman of the Board and Director
/s/ Richard Cohen
----------------------------
Richard Cohen Vice Chairman of the Board and Director
II-2
/s/ David R. Richard
----------------------------
David R. Richard President, Chief Executive Officer and
Director
/s/ Constance M. Levi
----------------------------
Constance M. Levi Director
/s/ Gerald D. Pint
----------------------------
Gerald D. Pint Director
/s/ Herbert F. Trader
----------------------------
Herbert F. Trader Director
II-3