sv8
Registration No. 333-__________
As filed with the Securities and Exchange Commission on November 22, 2005
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
WEYCO GROUP, INC.
(Exact name of registrant as specified in its charter)
|
|
|
WISCONSIN
(State or other jurisdiction of
incorporation or organization)
|
|
39-0702200
(I.R.S. Employer
Identification No.) |
|
|
|
333 W. Estabrook Boulevard |
|
|
P.O. Box 1188 |
|
|
Milwaukee, Wisconsin
|
|
53201 |
(Address of Principal Executive Offices)
|
|
(ZIP Code) |
WEYCO GROUP, INC.
2005 EQUITY INCENTIVE PLAN
(Full title of the plan)
|
|
|
John F. Wittkowske |
|
|
Senior Vice President, Chief Financial Officer
|
|
Copy to: |
and Secretary
|
|
Joseph D. Masterson |
WEYCO GROUP, INC.
|
|
Quarles & Brady LLP |
333 W. Estabrook Boulevard
|
|
411 East Wisconsin Avenue |
P.O. Box 1188
|
|
Milwaukee, Wisconsin 53202 |
Milwaukee, Wisconsin 53201 |
|
|
(Name and address of agent for service) |
|
|
(414) 908-1600
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proposed |
|
|
|
|
|
|
|
Title of |
|
|
|
|
|
|
|
Proposed |
|
|
|
Maximum |
|
|
|
|
|
|
|
Securities |
|
|
|
|
|
|
|
Maximum |
|
|
|
Aggregate |
|
|
|
Amount of |
|
|
|
to be |
|
|
Amount to be |
|
|
|
Offering Price |
|
|
|
Offering |
|
|
|
Registration |
|
|
|
Registered |
|
|
Registered(1) |
|
|
|
Per Share(2) |
|
|
|
Price |
|
|
|
Fee |
|
|
|
Common Stock,
$1.00 par value |
|
|
1,000,000 shares |
|
|
$ |
19.35 |
|
|
|
$ |
19,350,000 |
|
|
|
$ |
2,277.50 |
|
|
|
(1) |
|
The Plan provides for possible adjustment of the number, price and kind of shares covered by
options granted or to be granted in the event of certain capital or other changes affecting
the Registrants Common Stock. This Registration Statement therefore covers, in addition to
the above stated 1,000,000 shares, an indeterminate number of shares that may become subject
to the Plan by means of any such adjustment. |
(2) |
|
Pursuant to Rule 457(h), estimated solely for the purpose of computing the registration fee,
based upon the average of the closing bid and asked prices of the Registrants Common Stock as
reported by the NASDAQ Stock Market on November 18, 2005. |
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Information specified in Part I of Form S-8 (Items 1 and 2) will be sent or given to Plan
participants as specified by Rule 428(b)(1) under the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Weyco Group, Inc. (the Registrant) (Commission File No.
0-9068) with the Securities and Exchange Commission (the Commission) pursuant to Section 13 of
the Securities Exchange Act of 1934 (the 1934 Act) are incorporated herein by reference:
|
(a) |
|
The Registrants Annual Report on Form 10-K for the fiscal year ended December
31, 2004, as amended on Form 10-K(A); |
|
|
(b) |
|
The Registrants Quarterly Reports on Form 10-Q for the quarters ended March
31, 2005, June 30, 2005, and September 30, 2005; |
|
|
(c) |
|
The Registrants Current Report on Form 8-K dated April 7, 2005; and |
|
|
(d) |
|
The Registrants Current Report on Form 8-K dated June 12, 1992, including
specifically the description of the Registrants Common Stock in Item 5 thereof, which updates the
description of the Registrants Registration Statement on Form 10, including any
future amendment or report 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 1934 Act, prior to the filing of a post-effective amendment 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 a part hereof from the date of the
filing of such documents.
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 hereof 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 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 hereof.
Item 4. Description of Securities.
Not applicable. See Item 3(d) above.
Item 5. Interests of Named Experts and Counsel.
The legality of the shares of Common Stock registered hereunder will be passed on for the
Registrant by Quarles & Brady LLP, the Registrants legal counsel. Mr. Cory L. Nettles, a partner
in Quarles & Brady LLP, is a director of the Registrant.
Item 6. Indemnification of Directors and Officers.
The Registrant is incorporated under the Wisconsin Business Corporation Law (WBCL).
Under Section 180.0851(1) of the WBCL, the Registrant is required to indemnify a director or
officer, to the extent such person is successful on the merits or otherwise in the defense of a
proceeding, for all reasonable expenses incurred in the proceeding if such person was a party
because he or she was a director or officer of the Registrant. In all other cases, the Registrant
is required by Section 180.0851(2) of the WBCL to indemnify a director or officer against liability
incurred in a proceeding to which such person was a party because he or she was an officer or
director of the Registrant, unless it is determined that he or she breached or failed to perform a
duty owed to the Registrant and the breach or failure to perform constitutes: (i) a willful
failure to deal fairly with the Registrant or its shareholders in connection with a matter in which
the director or officer has a material conflict of interest; (ii) a violation of criminal law,
unless the director or officer had reasonable cause to believe his or her conduct was lawful or no
reasonable cause to believe his or her conduct was unlawful; (iii) a transaction from which the
director or officer derived an improper personal profit; or (iv) willful misconduct. Section
180.0858(1) of the WBCL provides that, subject to certain limitations, the mandatory
indemnification provisions do not preclude any additional right to indemnification or allowance of
expenses that a director or officer may have under the Registrants articles of incorporation,
bylaws, a written agreement or a resolution of the Board of Directors or shareholders.
Section 180.0859 of the WBCL provides that it is the public policy of the State of Wisconsin
to require or permit indemnification, allowance of expenses and insurance to the extent required or
permitted under Sections 180.0850 to 180.0858 of the WBCL for any liability incurred in connection
with a proceeding involving a federal or state statute, rule or regulation regulating the offer,
sale or purchase of securities.
Section 180.0828 of the WBCL provides that, with certain exceptions, a director is not liable
to a corporation, its shareholders, or any person asserting rights on behalf of the corporation or
its shareholders, for damages, settlements, fees, fines, penalties or other monetary liabilities
arising from a breach of, or failure to perform, any duty resulting solely from his or her status
as a director, unless the person asserting liability proves that the breach or failure to perform
constitutes any of the four exceptions to mandatory indemnification under Section 180.0851(2)
referred to above.
Under Section 180.0833 of the WBCL, directors of the Registrant against whom claims are
asserted with respect to the declaration of an improper dividend or other distribution to
shareholders to which they assented are entitled to contribution from other directors who assented
to such distribution and from shareholders who knowingly accepted the improper distribution, as
provided therein.
Article VIII of the Registrants Bylaws contains provisions that generally parallel the
indemnification provisions of the WBCL and cover certain procedural matters not dealt with in the
WBCL. The Registrant is insured against certain liabilities which it may incur by reason of
Article VIII of its Bylaws. In addition, officers and directors are insured, at the Registrants
expense, against certain liabilities which might arise out of their employment and which might not
be subject to indemnification under the Bylaws.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
See Exhibit Index following Signatures page in this Registration Statement, which Exhibit
Index is incorporated herein by reference.
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 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; |
|
|
(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) do not apply if the Registration
Statement is on Form S-3 or Form S-8, information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed 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 purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrants 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 plans annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the 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) Reference is made to the indemnification provisions referred to in Item 6 of this
Registration Statement.
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.
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 Milwaukee, State of Wisconsin, on November 22, 2005.
|
|
|
|
|
|
|
WEYCO GROUP, INC. |
|
|
(Registrant) |
|
|
|
|
|
|
|
By
|
|
/s/ John F. Wittkowske |
|
|
|
|
John F. Wittkowske |
|
|
|
|
Senior Vice President, Chief Financial Officer |
|
|
|
|
and Secretary |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Thomas W. Florsheim, Jr., John W. Florsheim and John F. Wittkowske, and each of them, 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 any and all amendments
(including post-effective amendments) to this Registration Statement, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, and any other 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, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents or any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date indicated.*
|
|
|
Signature
|
|
Title |
|
|
|
/s/ Thomas W. Florsheim Jr.
|
|
Chairman of the Board and |
Thomas W. Florsheim, Jr.
|
|
Chief Executive Officer |
|
|
(Principal Executive Officer) |
|
|
|
/s/ John W. Florsheim
|
|
President and Chief Operating Officer |
John W. Florsheim
|
|
and Director |
|
|
|
/s/ John F. Wittkowske
|
|
Senior Vice President, Chief Financial Officer |
John F. Wittkowske
|
|
and Secretary |
|
|
|
/s/ Robert Feitler
|
|
Director |
Robert Feitler |
|
|
|
|
|
/s/ Cory L. Nettles
|
|
Director |
|
|
|
Cory L. Nettles |
|
|
*Each of these signatures is affixed as of November 22, 2005.
WEYCO GROUP, INC.
(the Registrant)
(Commission File No. 0-9068)
EXHIBIT INDEX
TO
FORM S-8 REGISTRATION STATEMENT
|
|
|
|
|
|
|
Exhibit |
|
|
|
Incorporated Herein |
|
Filed |
Number |
|
Description |
|
by Reference To |
|
Herewith |
|
|
|
|
|
|
|
4.1
|
|
Article III & VI of the Articles of
|
|
Exhibit 3.1 to the Registrants |
|
|
|
|
Incorporation of WEYCO Group,
|
|
Form 10-K, as amended, for |
|
|
|
|
Inc., as restated August 29,
|
|
the fiscal year ended |
|
|
|
|
1961, and last amended
|
|
December 31, 2004 |
|
|
|
|
February 16, 2005 |
|
|
|
|
|
|
|
|
|
|
|
4.2
|
|
Articles II, V, VI and X of the
|
|
Exhibit 4.2 to the |
|
|
|
|
Bylaws of WEYCO Group, Inc., as
|
|
Registrants Form S-8 |
|
|
|
|
revised January 21, 1991 and
|
|
Registration Statement |
|
|
|
|
amended November 3, 1992
|
|
dated May 1, 1996 |
|
|
|
|
and January 8, 1996 |
|
|
|
|
|
|
|
|
|
|
|
5
|
|
Opinion of Quarles & Brady LLP
|
|
|
|
X |
|
|
|
|
|
|
|
23.1
|
|
Consent of Deloitte & Touche LLP
|
|
|
|
X |
|
|
|
|
|
|
|
23.2
|
|
Consent of Quarles & Brady LLP
|
|
|
|
Contained in |
|
|
|
|
|
|
Opinion filed |
|
|
|
|
|
|
as Exhibit 5 |
|
|
|
|
|
|
|
24
|
|
Powers of Attorney
|
|
|
|
Signatures Page |
|
|
|
|
|
|
to this |
|
|
|
|
|
|
Registration Statement |
|
|
|
|
|
|
|
99
|
|
WEYCO Group, Inc.
|
|
Appendix C to the |
|
|
|
|
2005 Equity Incentive Plan
|
|
Registrants Proxy Statement |
|
|
|
|
|
|
Schedule 14A for the annual |
|
|
|
|
|
|
meeting of shareholders held |
|
|
|
|
|
|
on April 26, 2005 |
|
|