-----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, F1x+MfmMGH3oAsy2BRpx/A6OurCk6+YDoLZs02C3Zn1z6jG/NpJWgkEaRoA7iedN eNc/vcBpg/aiFWiEKQuj4w== 0001158957-04-000240.txt : 20041216 0001158957-04-000240.hdr.sgml : 20041216 20041216164812 ACCESSION NUMBER: 0001158957-04-000240 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20041216 DATE AS OF CHANGE: 20041216 EFFECTIVENESS DATE: 20041216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL ISOTOPES INC CENTRAL INDEX KEY: 0001038277 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 742763837 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-121335 FILM NUMBER: 041208772 BUSINESS ADDRESS: STREET 1: 4137 COMMERCE CIRCLE CITY: IDAHO FALLS STATE: ID ZIP: 83401 BUSINESS PHONE: 2085245300 MAIL ADDRESS: STREET 1: 4137 COMMERCE CIRCLE CITY: IDAHO FALLS STATE: ID ZIP: 83401 S-8 1 forms8121604.txt INTERNATIONAL ISOTOPES INC. S-8 Registration No. 333- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTERNATIONAL ISOTOPES INC. ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) Texas 74-2763837 ------------------------------- ------------------- (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) Steve T. Laflin, President 4137 Commerce Circle, Idaho Falls, Idaho 83401 (208) 524-5300 ------------------------------------------------------------- (Address and Telephone Number of Principal Executive Offices, Including Zip Code) International Isotopes Inc. Employee Stock Purchase Plan ---------------------------- (Full Title of the Plan) Curtis Ashmos 3400 JP Morgan Chase Tower 600 Travis Houston, Texas 77002-3095 (713) 226-1200 ------------------------------------------------------------------------------- (Name, Address and Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE ----------------------------------------------------------------------------------------- Proposed Maximum Proposed Maximum Amount of Title of Securities Amount to be Offering Price Aggregate Registration to be Registered Registered (1) Per Share (2) Offering Price (2) Fee (2) ------------------- ---------------- ---------------- ------------------ ------------ Common Stock, $.01 2,000,000 shares $0.11 $220,000 $25.89 ------------------- ---------------- ---------------- ------------------ ------------
(1) Together with an indeterminate number of additional shares which may be necessary to adjust the number of shares reserved for issuance pursuant to such plan as the result of any future stock split, dividend or similar adjustment of the Company's outstanding common stock. (2) Estimated in accordance with Rule 457(h) under the Securities Act of 1933, as amended, (the "Act") solely for purposes of calculating the registration fee, based on the closing sales price reported on the OTC Bulletin Board on December 15, 2004. PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of Documents by Reference. The documents set forth below are incorporated by reference in this Registration Statement. All documents subsequently filed by International Isotopes Inc. (the "Company") pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (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. (1) The Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2003. (2) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Annual Report on Form 10-KSB described in (1) above. (3) The description of the Common Stock that is contained in the Company's Registration Statement on Form 8-A dated August 1, 1997, filed pursuant to Section 12 of the Exchange Act, and all amendments thereto and reports which have been filed for the purpose of updating such description. Item 4. Description of Securities. Not Applicable. Item 5. Interests of Named Experts and Counsel. Not Applicable. Item 6. Indemnification of Directors and Officers. As permitted by the Texas Business Corporation Act ("TBCA"), the Company's Restated Articles of Incorporation provide that the Company will indemnify its officers, directors, employees and agents to the fullest extent permitted by the TBCA against actions that may arise against them in such capacities, and to advance expenses in connection with any such actions. Registrant's Restated Articles of Incorporation provides that directors of the Company will not be personally liable to Registrant or its stockholders for monetary damages for any act or omission in his capacity as a director except as authorized under the TBCA. The TBCA provides that a corporation may indemnify a person who was, is, or is threatened to be made a named defendant in a proceeding because such person is or was a director if it is determined in accordance with the provisions of the TBCA that the person (i) conducted himself in good faith, (ii) reasonably believed, in the case of conduct in his official capacity as director, that his conduct was in the corporation's best interests or, in other cases, that his conduct at least was not opposed to the corporation's interests and (iii) in the case of any criminal proceeding, had no reasonable cause to believe his conduct was unlawful. A director may not be indemnified with respect to a proceeding in which the person is found liable on the basis that personal benefit was improperly received by him, whether or not the benefit resulted from an action taken in the person's official capacity, or in which the person is found liable to the corporation. Officers, employees and agents of a corporation are entitled to be indemnified by the corporation as, and to the same extent provided for, directors of the corporation. 2 Registrant carries directors' and officers' liability insurance with an aggregate policy limit of $2,000,000. Item 7. Exemption from Registration Claimed. Not Applicable. Item 8. Exhibits. 3.1 Restated Articles of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company' Registration Statement on Form SB-2 (Registration No. 333-26269)). 3.2 Articles of Amendment to Restated Articles of Incorporation (incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form S-8 (Registration No. 333-108776) 3.3 Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form SB-2 (Registration No. 333-26269)). 4.1 Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form SB-2 (Registration No. 333-26269)). 5.1 Opinion of Locke Liddell & Sapp LLP. 23.1 Consent of Hansen, Barnett & Maxwell. 23.2 Consent of Locke Liddell & Sapp LLP (included in Exhibit 5.1). 24 Power of Attorney (included as part of Signature page). 99.1 International Isotopes Inc. Employee Stock Purchase Plan. 3 Item 9. Undertakings. The Company herein 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 this 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 this Registration Statement; (iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in the Registration Statement; Provided, however, that paragraphs (1) (i) and (1)(ii) 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 Securities and Exchange Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this 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. (4) That, for purposes of determining any liability under the Securities Act, each filing of the Company's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this 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. (5) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company 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 Company of expenses incurred or paid by a director, officer or controlling person of the Company 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 Company 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. 4 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, the Company 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 Idaho Falls, State of Idaho on December 15, 2004. INTERNATIONAL ISOTOPES INC. By: /S/ Steve T. Laflin ------------------------------------- Steve T. Laflin President and Chief Executive Officer Each person whose signature appears below hereby constitutes and appoints Steve T. Laflin and Dr. Ralph M. Richart, each of them or any one of them, as 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 all other documents in connection therewith, with the Securities and Exchange Commission and any state or other securities authority, granting unto said attorneys-in-fact and agents and each of them or any of them, full power and authority to do and perform each and every act in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, 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 of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated. Signature Title Date --------------------------- ---------------------------- ----------------- /S/ Dr. Ralph M. Richart Chairman of the Board December 15, 2004 --------------------------- of Directors Dr. Ralph M. Richart President, Chief Executive Officer, Chief Financial Officer, Director (Principal Executive Officer and /S/ Steve T. Laflin Principal Financial and --------------------------- Accounting Officer) December 15, 2004 Steve T. Laflin /S/ Christopher Grosso Director December 15, 2004 --------------------------- Christopher Grosso 5
EX-5 2 exhibit5-1s8121604.txt EXHIBIT 5.1 LEGAL OPINION EXHIBIT 5.1 (512) 305-4716 December 15, 2004 International Isotopes Inc. 4137 Commerce Circle Idaho Falls, Idaho 83401 Re: Registration of 2,000,000 shares of Common Stock pursuant to a Registration Statement on Form S-8 Gentlemen: We have acted as counsel for International Isotopes Inc., a Texas corporation (the "Company"), in connection with the registration under the Securities Act of 1933, as amended (the `Securities Act"), pursuant to a Registration Statement on Form S-8 (the "Registration Statement") of 2,000,000 shares of Common Stock, $.01 par value, of the Company ("Common Stock") to be issued to employees of the Company pursuant to the Company's Employee Stock Purchase Plan. We have made such inquires and examined such documents as we have considered necessary or appropriate for the purpose of giving the opinions hereinafter set forth. We have assumed the genuineness and authenticity of all signatures on all original documents, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies and the due authorization, execution, delivery or recordation of all documents where due authorization, execution or recordation are prerequisites to the effectiveness thereof. Based upon the foregoing, having regard for such legal considerations as we deem relevant, and assuming, with respect to the shares of Common Stock issued under the Plan (i) the receipt of proper consideration for the issuance thereof in excess of the par value thereof, (ii) the availability of a sufficient number of shares of Common Stock authorized by the Company's Articles of Incorporation then in effect, (iii) compliance with the terms of the Plan, and (iv) no change occurs in applicable law or the pertinent facts, we are of the opinion that the 2,000,000 shares of Common Stock that may be issued and sold by the Company from time to time under the Plan, as described in the Registration Statement, will, upon issuance and delivery against payment therefor, be duly authorized and legally issued, fully paid and nonassessable. International Isotopes Inc. December 15, 2004 Page 2 We hereby consent to the filing of this opinion with the Securities and Exchange Commission as an exhibit to the Registration Statement. By so consenting, we do not thereby admit that our firm's consent is required by Section 7 of the Securities Act. Very truly yours, LOCKE LIDDELL & SAPP LLP /s/ Locke Liddell & Sapp LLP CRA/bsh EX-23 3 exhibit23-1s8121604.txt EXHIBIT 23.1 CONSENT OF EXPERTS EXHIBIT 23.1 HANSEN, BARNETT & MAXWELL A Professional Corporation Registered with the Public Company CERTIFIED PUBLIC ACCOUNTANTS Accounting Oversight Board 5 Triad Center, Suite 750 Salt Lake City, UT 84180-1128 Phone: (801) 532-2200 Fax: (801) 532-7944 www.hbmcpas.com CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTING FIRM To the Board of Directors International Isotopes Inc. We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 6, 2004, relating to the consolidated financial statements of International Isotopes Inc. (the "Company"), appearing in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2003. HANSEN, BARNETT & MAXWELL Salt Lake City, Utah December 13, 2004
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