As filed with the Securities and Exchange Commission on September 7, 2005
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
OPTICAL CABLE CORPORATION
(Exact name of registrant as specified in its charter)
| Virginia | 54-1237042 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) |
5290 Concourse Drive, Roanoke, Virginia 24019
(Address, including zip code, of registrant’s principal executive offices)
Optical Cable Corporation 2005 Stock Incentive Plan;
(Full title of the plan)
Mr. Neil D. Wilkin, Jr.
Optical Cable Corporation
5290 Concourse Drive
Roanoke, Virginia 24019
(540) 265-0690
(Name, address, including zip code, and telephone number, including area code, of agent for service)
With a copy to:
Brian M. Brown, Esq.
Woods Rogers PLC
823 East Main Street, Ste. 1200
Richmond, Virginia 23219
(804) 343-5020
CALCULATION OF REGISTRATION FEE
| Title of each Class of Securities to be Registered |
Amount to be |
Proposed Maximum Offering Price Per Share(1) |
Proposed Maximum Aggregate Offering Price |
Amount of Registration Fee | |||||||
| Common Stock |
1,000,000 | $ | 7.30 | $ | 7,300,000 | $ | 859.21 | ||||
| (1) | Calculated pursuant to Rule 457(c) of the Securities Act, based on the average of the high and low prices reported on the NASDAQ on September 6, 2005. |
PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
As permitted by the rules of the Securities and Exchange Commission (the “Commission”), this registration statement omits the information in Item 1 of Part I of Form S-8.
Item 2. Registrant Information and Employee Plan Annual Information.
As permitted by the rules of the Commission, this registration statement omits the information in Item 2 of Part I of Form S-8.
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Document by Reference.
Optical Cable Corporation (the “Company”) hereby incorporates by reference into this Registration Statement the following documents which have been filed with the Securities and Exchange Commission (the “Commission”):
| (a) | the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2004; |
| (b) | the Company’s Quarterly Report on Form 10-Q for the three months ended January 31, 2005; |
| (c) | the Company’s Quarterly Report on Form 10-Q for the three month and six month periods ended April 30, 2005; |
| (d) | the Company’s Quarterly Report on Form 10-Q for the three month and nine month periods ended July 31, 2005; |
| (e) | the Company’s Current Reports on Form 8-K filed on January 12, 2005; January 24, 2005; March 18, 2005; June 15, 2005; and August 10, 2005; and |
| (f) | Other than the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2004, the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended January 31, 2005; April 30, 2005 and July 31, 2005 and the Company’s Current Reports on Form 8-K as described in section 3(e) above, the Company did not have any other reports filed with the Commission pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), since October 31, 2004. |
| (g) | The description of our common shares and share purchase rights, all as contained in our registration statements on |
| Form 8-A filed February 12, 2003, November 1, 2001 and March 6, 1996, including any amendments or reports filed for the purpose of updating or supplementing such description. |
All documents subsequently filed by the Company 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 hereby have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the respective dates of filing of such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Article 10 of the Virginia Stock Corporation Act (the “Act”) allows, in general, for indemnification, in certain circumstances, by a corporation of any person threatened with or made a party to any action, suit, or proceeding by reason of the fact that he or she is, or was, a director, officer, employee or agent of the corporation. Indemnification is also authorized with respect to a criminal action or proceeding where the person had no reasonable cause to believe that his conduct was unlawful. Article 9 of the Act provides limitations on damages payable by officers and directors, except in cases of willful misconduct or knowing violation of criminal law or any federal or state securities law.
Optical Cable Corporation’s Articles of Incorporation provide for mandatory indemnification of our directors and officers against liability incurred by them in proceedings instituted or threatened against them by third parties, or by or on behalf of Optical Cable Corporation itself, relating to the manner in which they performed their duties unless they have been found guilty of willful misconduct or a knowing violation of the criminal law.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
Unless otherwise indicated below as being incorporated by reference to another filing of the Company with the Commission, each of the following exhibits is filed herewith:
| EXHIBIT NO. |
DESCRIPTION | |
| 3.1 | Articles of Amendment filed November 5, 2001 to the Amended and Restated Articles of Incorporation, as amended through November 5, 2001 (incorporated by reference to Exhibit 1 to the Company’s Form 8-A filed with the Commission on November 5, 2001). | |
| 3.2 | Bylaws of Optical Cable Corporation, as amended (incorporated herein by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q for the third quarter ended July 31, 2004 (file number 0-27022)). | |
| 5.1 | Opinion of Woods Rogers PLC as to the legality of the securities being registered.* | |
| 23.1 | Consent of Woods Rogers PLC (included in Exhibit 5).* | |
| 23.2 | Consent of KPMG LLP.* | |
| 24.1 | Power of attorney of Craig H. Weber.* | |
| * | Filed herewith. |
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) shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant with the Commission 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 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 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 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) | 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 Securities Act of 1933 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 Securities Act of 1933 and will be governed by the final adjudication of such issue. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 County of Roanoke, Commonwealth of Virginia, on September 7, 2005.
| OPTICAL CABLE CORPORATION | ||||
| Date: September 7, 2005 |
By: | /s/ NEIL D. WILKIN, JR. | ||
| Neil D.Wilkin, Jr. Chairman of the Board of Directors, President and Chief Executive Officer | ||||
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
| Date: September 7, 2005 | /s/ NEIL D. WILKIN, JR. | |
| Neil D. Wilkin, Jr. Chairman of the Board of Directors, President and Chief Executive Officer (Principal Executive Officer) | ||
| Date: September 7, 2005 | /s/ TRACY G. SMITH | |
| Tracy G. Smith Vice President and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | ||
| Date: September 7, 2005 | /s/ LUKE J. HUYBRECHTS | |
| Luke J. Huybrechts Senior Vice President of Operations and Director | ||
| Date: September 7, 2005 | /s/ RANDALL H. FRAZIER | |
| Randall H. Frazier Director | ||
| Date: September 7, 2005 | /s/ JOHN M. HOLLAND | |
| John M. Holland Director | ||
| Date: September 7, 2005 | /s/ CRAIG H. WEBER* | |
| Craig H. Weber Director | ||
| Date: September 7, 2005 | /s/ JOHN B. WILLIAMSON, III | |
| John B. Williamson, III Director | ||
| */s/ TRACY G. SMITH |
| Tracy G. Smith, as attorney-in-fact for Craig H. Weber |
Exhibit Index
The following exhibits are filed herewith as part of, or incorporated by reference in, this Registration Statement:
| EXHIBIT NO. |
DESCRIPTION | |
| 3.1 | Articles of Amendment filed November 5, 2001 to the Amended and Restated Articles of Incorporation, as amended through November 5, 2001 (incorporated by reference to Exhibit 1 to the Company’s Form 8-A filed with the Commission on November 5, 2001). | |
| 3.2 | Bylaws of Optical Cable Corporation, as amended (incorporated herein by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q for the third quarter ended July 31, 2004 (file number 0-27022)). | |
| 5.1 | Opinion of Woods Rogers PLC as to the legality of the securities being registered.* | |
| 23.1 | Consent of Woods Rogers PLC (included in Exhibit 5).* | |
| 23.2 | Consent of KPMG LLP.* | |
| 24.1 | Power of attorney of Craig H. Weber.* | |
| * | Filed herewith. |
EXHIBIT 5.1
September 7, 2005
Optical Cable Corporation
5290 Concourse Drive
Roanoke, Virginia 24019
RE: Registration Statement on Form S-8
Gentlemen:
We refer to the Registration Statement on Form S-8 (the “Registration Statement”) to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), on behalf of Optical Cable Corporation (the “Company”), relating to (1) 1,000,000 common shares of the Company, no par value, to be offered pursuant to the Optical Cable Corporation’s 2005 Stock Incentive Plan (the “Plan”).
We have examined copies, certified or otherwise identified to our satisfaction, of the Plan and such corporate records and other documents as we have considered necessary or appropriate for the purposes of this opinion and have made such inquiries of officers and representatives of the Company as to factual matters as we have considered relevant and necessary as a basis for this opinion. Based on the foregoing, we are of the opinion that the Plan’s common shares have been validly authorized and, when issued or sold in accordance with the terms of the Plan, will be legally issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. This consent is not to be construed as an admission that we are persons whose consent is to be filed with the Registration Statement under the provisions of the Securities Act.
| Very truly yours, | ||||
| /s/ Woods Rogers PLC | ||||
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
The Board of Directors
Optical Cable Corporation
We consent to the use of our report dated December 17, 2004, with respect to the balance sheets of Optical Cable Corporation as of October 31, 2004 and 2003, and the related statements of operations, shareholders’ equity, and cash flows for each of the years in the three-year period ended October 31, 2004, incorporated by reference herein.
/s/ KPMG LLP
Roanoke, Virginia
September 7, 2005
Exhibit 24.1
POWER OF ATTORNEY
The undersigned director of Optical Cable Corporation, a Virginia corporation (the “Corporation”), hereby constitutes and appoints Neil D. Wilkin, Jr. and Tracy G. Smith as the undersigned’s true and lawful attorneys-in-fact, with full power and authority to act, either jointly or separately, in the name of the undersigned and on behalf of the undersigned in connection with its offering and registration of 1,000,000 Company common shares (the “Securities Matters”). Without limiting the scope of the foregoing, the undersigned acknowledges and agrees that each attorney-in-fact named above shall have the authority to take all of the following actions: (1) to execute, in the name of the undersigned, registration statements and other documents (including any amendments) relating to the Securities Matters; (2) to file such documents, on behalf of the undersigned, with the United States Securities and Exchange Commission and with state securities commissions; and (3) to perform any and all other acts that are necessary or appropriate to accomplish the foregoing.
Effective Date: September 6, 2005
| /s/ Craig H. Weber |
| Craig H. Weber |