S-8 1 ds8.htm FORM S-8 FOR IBSS Prepared by R.R. Donnelley Financial -- Form S-8 for IBSS
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM S-8
 
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
 

 
Integrated Business Systems and Services, Inc.
(Exact Name of Registrant as Specified in its Charter)
 

 
South Carolina
 
57-0910139
(State or Other Jurisdiction of
Incorporation or Organization)
 
(IRS Employer
Identification No.)
 
Suite 228, 115 Atrium Way
Columbia, South Carolina
 
29223
(Zip Code)
(Address of Principal Executive Offices)
   
 
Integrated Business Systems and Services, Inc. 2001 Stock Incentive Plan
Integrated Business Systems and Services, Inc. Stock Option Plan
Coffin Communications Group Restricted Stock Grant
Strat@com Restricted Stock Grant
Stock Option Agreement with William S. McMaster
Stock Option Agreement with Roger A. Kazanowski
 
(Full Title of the Plans)
 
William S. McMaster
Chief Financial Officer
Suite 228, 115 Atrium Way
Columbia, South Carolina 29223
(803) 736-5595
(Name and Address, Telephone Number, Including Area Code, of Agent for Service)
 

 
CALCULATION OF REGISTRATION FEE
 

Title of Each Class
of Securities to
be Registered
  
Amount to be
Registered(1)
    
Proposed Maximum Offering Price
Per Share(2)
  
Proposed Maximum Aggregate Offering
Price(2)
    
Amount of Registration Fee









Common Stock, no par value(3)
  
934,398
    
$
3.30
  
$
3,083,513
    
$
283









Common Stock, no par value(3)
  
25,602
    
$
  .56
  
$
14,337
    
$
1









Common Stock, no par value(4)
  
388,847
    
$
  .77
  
$
299,412
    
$
28









Common Stock, no par value(4)
  
811,153
    
$
  .56
  
$
454,246
    
$
42









Common Stock, no par value(5)
  
23,448
    
$
1.45
  
$
33,400
    
$
3









Common Stock, no par value(6)
  
11,336
    
$
1.33
  
$
15,077
    
$
1









Common Stock, no par value(7)
  
50,002
    
$
6.00
  
$
300,012
    
$
28









Common Stock, no par value(8)
  
75,000
    
$
  .97
  
$
72,750
    
$
7









Total
  
2,319,786
    
$
1.84
  
$
4,272,747
    
$
393

 
(1)
 
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this registration statement also registers such indeterminate number of additional shares as may become issuable under the plan in connection with share splits, share dividends and similar transactions.
(2)
 
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h)(1) under the Securities Act of 1933, as amended, based on the exercise prices of outstanding options and, with respect to shares not subject to outstanding options, based on the average of the bid and ask prices for the Registrant’s Common Stock on June 5, 2002 as reported on the Over-the-Counter Bulletin Board.
(3)
 
Includes 934,398 shares issuable pursuant to options granted under the Integrated Business Systems and Services, Inc. (“IBSS”) 1997 Stock Option Plan and 25,602 shares for issuance under that plan.
(4)
 
Includes 388,847 shares issuable pursuant to options granted under the Integrated Business Systems and Services, Inc. (“IBSS”) 2001 Stock Option Plan and 811,153 shares for issuance under that plan.
(5)
 
Shares included in the Coffin Communications Group Restricted Stock Grant.
(6)
 
Shares included in the Strat@com Restricted Stock Grant.
(7)
 
Shares included in the Stock Option Agreement with William S. McMaster.
(8)
 
Shares included in the Stock Option Agreement with Roger A. Kazanowski.


 
PART I
 
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
 
This Registration Statement on Form S-8 relates to the shares of common stock, no par value per share, of Integrated Business Systems and Services, Inc. (the “Company”) issuable pursuant to the terms of the following benefit plans, agreements or arrangements:
 
Shares

  
Description

960,000
  
Integrated Business Systems and Services, Inc. 1997 Stock Option Plan (the “1997 Plan”).
1,200,000
  
Integrated Business Systems and Services, Inc. 2001 Stock Incentive Plan (the “2001 Plan”).
23,448
  
Coffin Communications Group Restricted Stock Grant 2
11,336
  
Strat@com Restricted Stock Grant
50,002
  
Stock Option Agreement with William S. McMaster
75,000
  
Stock Option Agreement with Roger A. Kazanowski
 
A prospectus regarding each of the 2001 Plan and the 1997 Plan and meeting the requirements of Section 10(a) of the Securities Act of 1933, as amended (the “Securities Act”), will be distributed as specified by Rule 428(b) of the Securities Act.
 
PART II
 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
Item 3.    Incorporation of Documents by Reference.
 
The following documents, filed by the Registrant with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:
 
(a)  The Registrant’s Annual Report filed with the Commission on Form 10-KSB dated December 31, 2001.
 
(b)  The Registrant’s Quarterly Report filed with the Commission on Form 10-QSB dated March 31, 2002.
 
(c)  The description of the common stock, no par value, of the Registrant contained in the Registrant’s Registration Statement on Form 8-A filed with the Commission on April 16, 1998 (File no. 0-24031), including any amendment or report filed for the purpose of updating such description.
 
In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities

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offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into 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.
 
As permitted by the South Carolina Business Corporations Act of 1988, as amended, the Registrant’s Amended and Restated Articles of Incorporation provide that a director of the Registrant shall not be personally liable to the Registrant or any of its shareholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director’s duty of loyalty to the Registrant or its shareholders, (ii) for acts or omissions not in good faith or which involve gross negligence, intentional misconduct or a knowing violation of law, (iii) for any unlawful distribution as set forth in the Code of Laws of South Carolina or (iv) for any transaction from which the director derived an improper personal benefit. These provisions may have the effect in certain circumstances of reducing the likelihood of derivative litigation against directors. While these provisions eliminate the right to recover monetary damages from directors except in limited circumstances, rights to seek injunctive or other non-monetary relief is not eliminated.
 
The Registrant’s Bylaws set forth certain indemnification provisions as a contractual right of the Registrant’s directors, officers and agents.
 
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the arrangements described above, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
 
Item 7.    Exemption from Registration Claimed.
 
Not applicable.
 
Item 8.    Exhibits.
 
The exhibits listed on the Exhibit Index to this Registration Statement are incorporated herein by reference.
 
Item 9.    Undertakings.
 
(a)  Rule 415 Offerings.    The undersigned Registrant hereby undertakes:

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(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 the Registration Statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective 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 (i) and (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 subparagraphs 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)  Incorporation of Subsequent Exchange Act Documents.    The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s 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 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)  Indemnification of Management and Control Persons.    Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and

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controlling persons of the Registrant pursuant to the provisions described in Item 6, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in such 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.

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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 City of Columbia, State of South Carolina, on June 5, 2002.
 
INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.
By:
 
/s/    GEORGE E. MENDENHALL        

   
George E. Mendenhall,
Chairman of the Board 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.
 
Signature

  
Title

 
Date

/s/    GEORGE E. MENDENHALL

George E. Mendenhall
  
Chairman of the Board and Chief Executive Officer
 
June 5, 2002
/s/    STUART E. MASSEY

Stuart E. Massey
  
Executive Vice President and Director
 
June 5, 2002
/s/    WILLIAM S. MCMASTER

William S. McMaster
  
Chief Financial Officer and General Counsel (principal financial and accounting officer)
 
June 5, 2002
/s/    CARL JOSEPH BERGER, JR.

Carl Joseph Berger, Jr.
  
Director
 
June 5, 2002

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EXHIBIT INDEX
 
Exhibit Number

  
Description

  5.1
  
—Opinion of Nexsen Pruet Jacobs & Pollard, LLP.
23.1
  
—Consent of Scott McElveen, LLP.
23.2
  
—Consent of Nexsen Pruet Jacobs & Pollard, LLP (included in their opinion filed as Exhibit 5.1)

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