As filed with the Securities and Exchange Commission on January 22, 2002
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
Symantec Corporation
Delaware | 77-0181864 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
20330 Stevens Creek Boulevard
Cupertino, California 95014
Symantec Corporation 1996 Equity Incentive Plan, as amended
Symantec Corporation 1998 Employee Stock Purchase Plan, as amended
John W. Thompson
Chief Executive Officer
20330 Stevens Creek Boulevard
Cupertino, California 95014
(408) 253-9600
Copy to:
Richard A. Peers
Heller Ehrman White & McAuliffe LLP
275 Middlefield Road
Menlo Park, California 94025-3506
Telephone: (650) 324-7000
Facsimile: (650) 324-0638
CALCULATION OF REGISTRATION FEE
Proposed | Proposed | |||||||||||||||
Maximum | Maximum | |||||||||||||||
Amount | Offering | Aggregate | Amount of | |||||||||||||
Title of Securities | to be | Price | Offering | Registration | ||||||||||||
to be Registered | Registered(1) | per Share(2) | Price | Fee | ||||||||||||
Common Stock, par value $0.001 per share |
4,304,858 | $ | 67.88 | $ | 292,213,761 | $ | 26,884 | |||||||||
(1) | Pursuant to Rule 416(a), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction. | |
(2) | Estimated solely for the purpose of computing the amount of registration fee pursuant to Rule 457(c) under the Securities Act of 1933, as amended, based on the average of the high and low prices of the Registrants Common Stock reported on the Nasdaq National Market on January 16, 2002. |
Explanatory Note. This registration statement on Form S-8 relates to the issuance of up to 4,304,858 shares of the Registrant's Common Stock, par value $0.001 (the Shares). Of the Shares, 3,600,000 are issuable under the Symantec Corporation 1996 Equity Incentive Plan, as amended, and 704,858 shares are issuable under the Symantec Corporation 1998 Employee Stock Purchase Plan, as amended, pursuant to an evergreen provision.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, which have been filed by Symantec Corporation (the Registrant) with the Securities and Exchange Commission (the Commission), are hereby incorporated by reference in this Registration Statement:
(a) | Registrants Annual Report on Form 10-K for the fiscal year ended March 30, 2001; | ||
(b) | Registrants Quarterly Report on Form 10-Q for the quarterly periods ended June 29, 2001 and September 28, 2001; | ||
(c) | Registrants Current Report on Form 8-K filed on May 1, 2001, October 18, 2001 and October 22, 2001; and | ||
(d) | The description of Registrants Common Stock contained in the Registrants Registration Statement filed with the Commission under Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description. |
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities 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
Not applicable.
Item 6. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law authorizes a court to award, or a corporations board of directors to grant, indemnity to directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of 1933, as amended (the Securities Act).
As permitted by Section 145 of the Delaware General Corporation Law, Registrants Certificate of Incorporation includes a provision that eliminates the personal liability of its directors for monetary damages for breach of fiduciary duty as a director, except for liability:
| for any breach of the directors duty of loyalty to Registrant or its stockholders; | ||
| for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law; |
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| under Section 174 of the Delaware General Corporation Law regarding unlawful dividends and stock purchases; and | ||
| for any transaction from which the director derived an improper personal benefit. |
As permitted by the Delaware General Corporation Law, Registrants bylaws provide that:
| Registrant is required to indemnify its directors and officers to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; | ||
| Registrant may indemnify its other employees and agents to the extent that it indemnifies its officers and directors, unless otherwise required by law, its certificate of incorporation, its bylaws or agreements to which it is a party; | ||
| Registrant is required to advance expenses, as incurred, to its directors and officers in connection with a legal proceeding to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; and | ||
| the rights conferred in the Bylaws are not exclusive. |
Registrant has entered into Indemnity Agreements with each of its current directors and officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in Registrants Certificate of Incorporation and to provide additional procedural protections. At present, there is no pending litigation or proceeding involving a director, officer or employee of Registrant regarding which indemnification is sought, nor is Registrant aware of any threatened litigation that may result in claims for indemnification.
Registrant maintains directors and officers liability insurance and intends to extend that coverage for public securities matters.
See also the undertakings set out in response to Item 9.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
Item | ||
No. | Description of Item | |
5.1 | Opinion of Heller Ehrman White & McAuliffe LLP | |
23.1 | Consent of Ernst & Young LLP, Independent Auditors | |
23.2 | Consent of Heller Ehrman White & McAuliffe LLP (filed as part of Exhibit 5.1) | |
24.1 | Power of Attorney (See page II-4) | |
99.1 | Symantec Corporation 1996 Equity Incentive Plan, as amended | |
99.2 | Symantec Corporation 1998 Employee Stock Purchase Plan, as amended (Incorporated by reference to the Registrant's Registration Statement on Form S-8 filed on December 19, 2000 (No. 333-52200)) |
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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;
(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; and
(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 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 15(d) of the Exchange Act that are incorporated by reference 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, Form S-8 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, 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 liability under the Securities Act, each filing of the registrants annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed 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 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 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 and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Cupertino, State of California, on this 22nd day of January, 2002.
Symantec Corporation | ||
| ||
By: | /s/ John W. Thompson | |
John W. Thompson Chairman of the Board and Chief Executive Officer |
POWER OF ATTORNEY TO SIGN AMENDMENT
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint John W. Thompson, Greg Myers and Arthur Courville, and each of them, with full power of substitution, such persons true and lawful attorneys-in-fact and agents for such person in such persons name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Registration Statement on Form S-8 and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents 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 or such person might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.
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Pursuant to the requirements of the Securities Act, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Signature | Capacity | Date | ||
/s/ John W. Thompson
John W. Thompson |
Chairman of the Board of Directors and Chief Executive Officer | January 22, 2002 | ||
/s/ Gregory Myers
Gregory Myers |
Chief Financial Officer, Senior Vice President of Finance | January 22, 2002 | ||
/s/ Tania Amochaev
Tania Amochaev |
Director | January 22, 2002 | ||
/s/ Charles M. Boesenberg
Charles M. Boesenberg |
Director | January 22, 2002 | ||
/s/ Per-Kristian Halvorsen
Per-Kristian Halvorsen |
Director | January 22, 2002 | ||
/s/ Robert S. Miller
Robert S. Miller |
Director | January 22, 2002 | ||
/s/ Bill Owens
Bill Owens |
Director | January 22, 2002 | ||
/s/ George Reyes
George Reyes |
Director | January 22, 2002 | ||
/s/ Daniel H. Schulman
Daniel H. Schulman |
Director | January 22, 2002 |
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Index to Exhibits
Item | ||
No. | Description of Item | |
5.1 | Opinion of Heller Ehrman White & McAuliffe LLP | |
23.1 | Consent of Ernst & Young LLP, Independent Auditors | |
23.2 | Consent of Heller Ehrman White & McAuliffe LLP (filed as part of Exhibit 5.1) | |
24.1 | Power of Attorney (See page II-4) | |
99.1 | Symantec Corporation 1996 Equity Incentive Plan, as amended | |
99.2 | Symantec Corporation 1998 Employee Stock Purchase Plan, as amended (Incorporated by reference to the Registrants Registration Statement on Form S-8 filed on December 19, 2000 (No. 333-52200)) |