-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DQEpj1Jt1aNOqrPCBGAF51UnEU6mhmhORP7eHGvxnrOg9kycjRpqSzADZwEXZUzM feTbPeZI+CcYVL11sqCZFw== 0000912057-02-015262.txt : 20020416 0000912057-02-015262.hdr.sgml : 20020416 ACCESSION NUMBER: 0000912057-02-015262 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20020416 EFFECTIVENESS DATE: 20020416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SILICON IMAGE INC CENTRAL INDEX KEY: 0001003214 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 770517246 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-86324 FILM NUMBER: 02612331 BUSINESS ADDRESS: STREET 1: 1060 EAST ARQUES AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4086164000 MAIL ADDRESS: STREET 1: 10131 BUBB ROAD CITY: CUPERTINO STATE: CA ZIP: 95014-4976 S-8 1 a2076442zs-8.htm S-8
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As filed with the Securities and Exchange Commission on April 16, 2002

Registration No. 333-            



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


SILICON IMAGE, INC.
(Exact name of the Registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation or organization)
  77-0396307
(I.R.S. Employer Identification No.)

1060 East Arques Ave.
Sunnyvale, California 94086
(Address of principal executive offices, including zip code)

1999 Equity Incentive Plan
1999 Employee Stock Purchase Plan
Non-Plan Stock Options Granted by Registrant
(Full titles of the plans)

David D. Lee
President and Chief Executive Officer
Silicon Image, Inc.
1060 East Arques Ave.
Sunnyvale, California 94086
(408) 616-4000
(Name, address and telephone number,
including area code, of agent for service)

Copy to:
David K. Michaels, Esq.
Andrew Y. Luh, Esq.
Fenwick & West LLP
Two Palo Alto Square
Palo Alto, California 94306
(650) 494-0600
(Counsel to the Registrant)


CALCULATION OF REGISTRATION FEE


Title of securities to be registered
  Amount
to be
registered

  Proposed
maximum
offering price
per share

  Proposed
maximum
aggregate
offering price

  Amount of
registration fee


Common Stock, $0.001 par value   3,810,944 (1)   $7.86 (2)   $29,954,020   $2,756

Common Stock, $0.001 par value   750,000 (3)   $1.378 (4)   $1,033,500   $96

  Total   4,560,944             $30,987,520   $2,852

(1)
Represents an aggregate of 3,175,787 additional shares available for issuance under the 1999 Equity Incentive Plan and 635,157 additional shares available for issuance under the 1999 Employee Stock Purchase Plan.
(2)
Estimated as of April 10, 2002 pursuant to Rule 457(c) solely for the purpose of calculating the registration fee, based on the average of the high and low prices of the Registrant's common stock as reported by the Nasdaq National Market on April 10, 2002.
(3)
Represents 750,000 shares subject to outstanding non-plan options granted by the Registrant.
(4)
Represents weighted average per share exercise price for such outstanding non-plan options, calculated pursuant to Rule 457(h)(1) solely for the purpose of calculating the registration fee.





PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

        For the purposes of this registration statement, the terms "we," "our" and "us" refer to Silicon Image, Inc., a Delaware corporation.


ITEM 3.    INCORPORATION OF DOCUMENTS BY REFERENCE

        The following documents filed with the Securities and Exchange Commission (the "Commission") are incorporated herein by reference:

    (a)
    The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2001 filed with the Commission on March 29, 2002.

    (b)
    The Registrant's Current Report on Form 8-K filed with the Commission on February 11, 2002.

    (c)
    The description of the Registrant's Common Stock contained in the Registrant's Registration Statement on Form 8-A filed on July 30, 1999 under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including any 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 Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities registered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated into this registration statement by reference and to be a part hereof from the date of the filing of such documents.


ITEM 4.    DESCRIPTION OF SECURITIES.

        Not applicable.


ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.

        The validity of the issuance of the shares of common stock offered hereunder will be passed upon for the Registrant by Fenwick & West LLP of Palo Alto, California. Members of the firm of Fenwick & West LLP own an aggregate of 2,122 shares of common stock of the Registrant.


ITEM 6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS AND LIMITATION OF LIABILITY.

        Section 145 of the Delaware General Corporation Law authorizes a court to award, or a corporation's board of directors to grant, indemnity to directors and officers under certain circumstances and subject to certain limitations. The terms of Section 145 of the Delaware General Corporation Law are sufficiently broad to permit indemnification under certain circumstances for liabilities, including reimbursement of expenses incurred, arising under the Securities Act of 1933.

        As permitted by the Delaware General Corporation Law, the Registrant's 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 director's duty of loyalty to the Registrant or its stockholders;

    for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law;

2


    under section 174 of the Delaware General Corporation Law regarding unlawful dividends and stock purchases; or

    for any transaction from which the director derived an improper personal benefit.

        As permitted by the Delaware General Corporation Law, the Registrant's bylaws provide that:

    the Registrant is required to indemnify its directors and officers to the fullest extent permitted by the Delaware General Corporation Law, subject to certain very limited exceptions;

    the 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 certain very limited exceptions; and

    the rights conferred in the bylaws are not exclusive.

        In addition, the Registrant has entered into indemnity agreements with each of its current directors and officers. These agreements provide for the indemnification of officers and directors for all expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were agents of the Registrant.

        The Registrant has also obtained directors' and officers' insurance to cover its directors, officers and some of its employees for certain liabilities, including public securities matters.

        The Underwriting Agreement relating to the Registrant's initial public offering, effected pursuant to a Registration Statement on Form S-1 (File No. 333-83665), declared effective October 5, 1999 (the "Form S-1"), provides for indemnification by the underwriters of the Registrant and its directors and officers for certain liabilities under the Securities Act of 1933, or otherwise.

        Reference is made to the following documents regarding relevant indemnification provisions described above and elsewhere herein:

    1.
    Form of Underwriting Agreement (incorporated by reference to Exhibit 1.01 to the Form S-1).

    2.
    Second Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.03 to the Form S-1).

    3.
    Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.05 to the Form S-1).

    4.
    Form of Indemnity Agreement entered into between the Registrant and its directors and officers (incorporated by reference to Exhibit 10.01 to the Form S-1).


ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.

        Not applicable.

3




ITEM 8.    EXHIBITS.

4.01 Second Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.03 to the Form S-1).

4.02

Certificate of Amendment of Second Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.04 to the Registrant's Quarterly Report on Form 10-Q filed with the Commission on August 14, 2001).

4.03

Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.05 to the Form S-1).

4.04

Form of Specimen Certificate for the Registrant's common stock (incorporated by reference to Exhibit 4.01 to the Form S-1).

4.05

Third Amended and Restated Investors Rights Agreement dated July 29, 1998 among the Registrant and certain stockholders named therein (incorporated by reference to Exhibit 4.04 to the Form S-1).

4.06

1999 Equity Incentive Plan of the Registrant, as amended, and related forms of stock option agreements and stock option exercise agreements (incorporated by reference to Exhibit 4.05 to the the Registrant's Registration Statement on Form S-8 filed with the Commission on May 18, 2001).

4.07

1999 Employee Stock Purchase Plan of the Registrant and related enrollment form, notice of suspension and notice of withdrawal (incorporated by reference to Exhibit 10.04 to the Form S-1).

4.08

Non-Plan Stock Option Agreement with Robert Gargus, dated October 30, 2001 and related form of non-plan stock option exercise agreement (incorporated by reference to Exhibit 10.41 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 29, 2002).

4.09

Non-Plan Stock Option Agreement with Hyun Jong Shin, dated November 6, 2001 and related form of non-plan stock option exercise agreement (incorporated by reference to Exhibit 10.42 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 29, 2002).

5.01

Opinion of Fenwick & West LLP.

23.01

Consent of Fenwick & West LLP (included in Exhibit 5.01).

23.02

Consent of Independent Accountants.

24.01

Power of Attorney (see page 6).


ITEM 9.    UNDERTAKINGS.

        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:

    (a)
    to include any prospectus required by Section 10(a)(3) of the Securities Act;

    (b)
    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,

4


        individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and

      (c)
      to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to the information in the registration statement;

      provided, however, that paragraphs (1)(a) and (1)(b) above do not apply if 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 Registrant pursuant to Section 13 or Section 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 post-effective amendment shall be deemed to be a new registration statement relating to the securities offered in the registration statement, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of those securities.

    (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.

        The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered in the registration statement, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of those securities.

        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 provisions discussed in Item 6 hereof, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission this indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. If a claim for indemnification against these 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 the director, officer or controlling person in connection with the securities being registered under this registration statement, 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 indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of this issue.

5



SIGNATURES

        Pursuant to the requirements of the Securities Act, the Registrant, Silicon Image, Inc., 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 Sunnyvale, State of California, on this April 16, 2002.

    SILICON IMAGE, INC.

 

 

By:

/s/ David D. Lee

David D. Lee
Chief Executive Officer


POWER OF ATTORNEY

        KNOW ALL PERSONS BY THESE PRESENTS that each individual whose signature appears below constitutes and appoints David D. Lee and Robert G. Gargus, and each of them, his true and lawful attorneys-in-fact and agents with full power of substitution, 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 on Form S-8, and to file the same with all exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, 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 his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

        Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

Signature
  Title
  Date

 

 

 

 

 
/s/ David D. Lee
David D. Lee
  President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)   April 16, 2002

/s/ Robert G. Gargus

Robert G. Gargus

 

Vice President, Finance and Administration and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

 

April 16, 2002

/s/ David A. Hodges

David A. Hodges

 

Director

 

April 16, 2002

/s/ Keith McAuliffe

Keith McAuliffe

 

Director

 

April 16, 2002

              

Andrew S. Rappaport

 

Director

 

 

/s/ Ronald V. Schmidt

Ronald V. Schmidt

 

Director

 

April 16, 2002

/s/ Douglas C. Spreng

Douglas C. Spreng

 

Director

 

April 16, 2002

6



EXHIBIT INDEX

Exhibit
Number

  Exhibit
Title

4.01   Second Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.03 to the Form S-1).

4.02

 

Certificate of Amendment of Second Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.04 to the Registrant's Quarterly Report on Form 10-Q filed with the Commission on August 14, 2001).

4.03

 

Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.05 to the Form S-1).

4.04

 

Form of Specimen Certificate for the Registrant's common stock (incorporated by reference to Exhibit 4.01 to the Form S-1).

4.05

 

Third Amended and Restated Investors Rights Agreement dated July 29, 1998 among the Registrant and certain stockholders named therein (incorporated by reference to Exhibit 4.04 to the Form S-1).

4.06

 

1999 Equity Incentive Plan of the Registrant, as amended, and related forms of stock option agreements and stock option exercise agreements (incorporated by reference to Exhibit 4.05 to the the Registrant's Registration Statement on Form S-8 filed with the Commission on May 18, 2001).

4.07

 

1999 Employee Stock Purchase Plan of the Registrant and related enrollment form, notice of suspension and notice of withdrawal (incorporated by reference to Exhibit 10.04 to the Form S-1).

4.08

 

Non-Plan Stock Option Agreement with Robert Gargus, dated October 30, 2001 and related form of non-plan stock option exercise agreement (incorporated by reference to Exhibit 10.41 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 29, 2002).

4.09

 

Non-Plan Stock Option Agreement with Hyun Jong Shin, dated November 6, 2001 and related form of non-plan stock option exercise agreement (incorporated by reference to Exhibit 10.42 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 29, 2002).

5.01

 

Opinion of Fenwick & West LLP.

23.01

 

Consent of Fenwick & West LLP (included in Exhibit 5.01).

23.02

 

Consent of Independent Accountants.

24.01

 

Power of Attorney (see page 6).

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PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
SIGNATURES
POWER OF ATTORNEY
EXHIBIT INDEX
EX-5.01 3 a2076442zex-5_01.htm EX-5.01
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Exhibit 5.01

[Letterhead of Fenwick & West LLP]

April 16, 2002

Silicon Image, Inc.
1060 East Arques Ave.
Sunnyvale, California 94086

Ladies and Gentlemen:

        At your request, we have examined the registration statement on Form S-8 (the "Registration Statement") to be filed by you with the Securities and Exchange Commission (the "SEC") on or about April 16, 2002, under the Securities Act of 1933, as amended, in order to register an aggregate of 4,560,944 shares of your Common Stock (the "Stock"). The shares of Stock consist of: (1) 3,175,787 additional shares available for issuance under your 1999 Equity Incentive Plan (the "1999 Plan"); (2) 635,157 additional shares available for issuance under your 1999 Employee Stock Purchase Plan (the "1999 Purchase Plan"); and (3) 750,000 additional shares available for issuance under certain Non-Plan Stock Option Agreements dated October 31, 2001 and November 6, 2001 between you and Robert Gargus and Hyun Jong (John) Shin, respectively (collectively, "Non-Plan Agreements").

        In rendering this opinion, we have examined the following:

    (1)
    the Registration Statement, together with the exhibits filed as part thereof or incorporated therein by reference (including without limitation the 1999 Plan, the 1999 Purchase Plan, the Non-Plan Agreements and the agreements and documents related thereto) and the prospectuses prepared in connection therewith;

    (2)
    your Second Amended and Restated Certificate of Incorporation (filed with the Secretary of State of Delaware on October 12, 1999), Certificate of Amendment of Second Amended and Restated Certificate of Incorporation (filed with the Secretary of State of Delaware on June 25, 2001) and Restated Bylaws;

    (3)
    the minutes of meetings and actions by written consent of the stockholders and Board of Directors that are contained in your minute books and in the minute books of Silicon Image, Inc., a California corporation (the "Predecessor"), that are in our possession;

    (4)
    a Management Certificate executed by you, addressed to us and dated of even date herewith, which contains certain factual and other representations (including without limitation representations as to the number of outstanding shares of capital stock, number of shares of capital stock subject to outstanding options and warrants, number of other convertible securities or rights outstanding and number of shares of capital stock reserved for issuance pursuant to the 1999 Plan, 1999 Purchase Plan, Non-Plan Agreements, 1995 Equity Incentive Plan of your predecessor, CMD Technology Inc. 1999 Stock Incentive Plan previously assumed by you, Silicon Communication Lab, Inc. 1999 Stock Option Plan previously assumed by you, and other options granted outside your option plans or the option plans of your predecessor, in each case as of April    , 2002); and

    (6)
    a certificate from your transfer agent as to the number of outstanding shares of your capital stock as of April 10, 2002.

        In our examination of documents for purposes of this opinion, we have assumed, and express no opinion as to, the genuineness of all signatures on original documents, the authenticity and completeness of all documents submitted to us as originals and the conformity to originals and completeness of all documents submitted to us as copies. We have also assumed that the certificates representing the Stock will be, when issued, properly signed by your authorized officers or their agents.



        We are admitted to practice law in the State of California, and we express no opinion herein with respect to the application or effect of the laws of any jurisdiction other than the existing laws of the United States of America and the State of California and the Delaware General Corporation Law.

        Based upon the foregoing, it is our opinion that:

    (1)
    the 3,175,787 additional shares of Stock that may be issued and sold by you upon (i) the exercise of stock options, (ii) the purchase of restricted stock or (iii) awards of stock bonuses, that have been or may be granted or awarded by you under the 1999 Plan, when issued, sold and delivered in accordance with the 1999 Plan, the stock option grant and exercise agreements, restricted stock purchase agreements and stock bonus agreements entered into or to be entered into thereunder, and in the manner and for the consideration referred to in the Form S-8 prospectus associated with the 1999 Plan and the Registration Statement, will be validly issued, fully paid and non-assessable;

    (2)
    the 635,157 additional shares of Stock that may be issued and sold by you upon the exercise of purchase rights granted or to be granted under the 1999 Purchase Plan, when issued, sold and delivered in accordance with the 1999 Purchase Plan, stock purchase and other agreements entered into or to be entered into thereunder, and in the manner and for the consideration referred to in the Form S-8 prospectus associated with the 1999 Purchase Plan and the Registration Statement, will be validly issued fully paid and non-assessable; and

    (3)
    the 750,000 additional shares of stock that may be issued by you upon the exercise of purchase rights granted under the Non-Plan Agreements and other agreements to be entered into thereunder, and in the manner and for the consideration referred to in the Form S-8 prospectus associated with the Non-Plan Agreements and the Registration Statement, will be validly issued, fully paid and non-assessable.

        We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us, if any, in the Registration Statement, the prospectus constituting a part thereof and any amendments thereto. This opinion speaks only as of its date and we assume no obligation to update this opinion should circumstances change after the date hereof. This opinion is intended solely for use in connection with issuance and sale of the Stock subject to the Registration Statement and is not to be relied upon for any other purpose. We assume no obligation to advise you of any fact, circumstance, event or change in the law or the facts that may hereafter be brought to our attention whether or not such occurrence would affect or modify the opinions expressed herein.

    Very truly yours,

 

 

/s/ Fenwick & West LLP

 

 

FENWICK & WEST LLP

2




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EX-23.02 4 a2076442zex-23_02.htm EX-23.02
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Exhibit 23.02


CONSENT OF INDEPENDENT ACCOUNTANTS

        We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated January 24, 2002, except as to Note 11, which is as of February 26, 2002, relating to the financial statements of Silicon Image, Inc., which appears in Silicon Image, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2001.

  
/s/ PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

San Jose, California
April 15, 2002




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CONSENT OF INDEPENDENT ACCOUNTANTS
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