S-8 1 d596972ds8.htm S-8 S-8

As filed with the Securities and Exchange Commission on September 25, 2013

Registration No. 333-        

 

 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

ACASTI PHARMA INC.

(Exact name of Registrant as specified in its charter)

 

 

 

Québec   2863   Not Applicable

(Province or Other Jurisdiction

of Incorporation or Organization)

 

(Primary Standard Industrial Classification)

Code Number (if applicable))

 

(I.R.S. Employer Identification Number

(if applicable)

545 Promenade de Centropolis

Suite 100

Laval, Québec

Canada H7T 0A3

(450) 687-2262

(Address and telephone number of Registrant’s principal executive offices)

ACASTI PHARMA INC. STOCK OPTION PLAN

ACASTI PHARMA INC. EQUITY INCENTIVE PLAN

(Full title of the plans)

CT Corporation System

111 Eighth Avenue, New York, New York 10011

(212) 894-8700

(Name, address, (including zip code) and telephone number (including area code) of agent for service in the United States)

 

 

Copies to:

Jean-Daniel Bélanger

Acasti Pharma Inc.

545 Promenade de Centropolis, Suite 100

Laval, Québec

Canada H7T 0A3

(450) 687-2262

 

Sandra Cohen

Osler, Hoskin & Harcourt LLP

620 Eighth Avenue – 36th Floor

New York, New York 10018

(212) 867-5800

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer   ¨    Accelerated filer   x
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)    Smaller reporting company   ¨

 

 

 


CALCULATION OF REGISTRATION FEE

 

 

Title of each class of securities

to be registered

 

Amount

to be

registered

 

Proposed

maximum

offering price

per share

 

Proposed

maximum

aggregate

offering price

  Amount of
registration fee

Deferred Compensation Obligations(1)

  US$5,000,000   100%   US$5,000,000   US$682.00(2)

Common Shares, without nominal or par value

  3,229,554(3)   US$2.53   US$8,170,772   US$1,114.50(4)

Common Shares, without nominal or par value

  4,954,750   US$1.53(5)   US$7,580,768   US$1,034.02(5)

Common Shares, without nominal or par value

  2,500,000(6)   US$2.53   US$6,325,000   US$862.73(4)

Total:

              US$3693.25

 

 

(1) The Deferred Compensation Obligations being registered are general unsecured obligations of Acasti Pharma Inc. (the “Registrant”) to pay deferred compensation in the future, which may in whole or in part consist of its common shares, in accordance with the terms of the Registrant’s Equity Incentive Plan (the “EIP”). The amount to be registered represents the dollar amount of the compensation generally expected in the future that may be deferred by eligible participants and deemed invested in accordance with the EIP.
(2) The amount registered is based upon an estimate of the amount of compensation to be deferred by participants under the EIP, estimated to be US$5,000,000 for the EIP, and is estimated solely for purposes of calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933, as amended (the “Securities Act”).
(3) Represents 3,229,554 shares of common stock of the Registrant that may be granted under the Registrant’s Stock Option Plan (the “SOP” and together with the EIP, the “Plans”). In addition, pursuant to Rule 416(a) under the Securities Act, this Registration Statement also registers such additional common shares as may be offered or issued under the SOP to prevent dilution from stock splits, stock dividends, or similar transactions which result in an increase in the number of the outstanding common shares issuable pursuant to awards.
(4) For the purposes of computing the registration fee only. Pursuant to Rules 457(c) and 457(h) of the Securities act, the Proposed Maximum Offering Price is based upon the average of the high and low prices per share of the common shares as reported on The NASDAQ Stock Market on September 20, 2013.
(5) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(h) under the Securities Act based upon the weighted average exercise price of the options outstanding under the SOP of Cdn$1.57 at an exchange rate of Cdn$1.00 = U.S.$0.9721, the Bank of Canada noon day exchange rate for the Canadian dollar on September 20, 2013.
(6) Represents 2,500,000 shares of common stock of the Registrant that may be granted under the EIP. In addition, pursuant to Rule 416(a) under the Securities Act, this Registration Statement also registers such additional common shares as may be offered or issued under the EIP to prevent dilution from stock splits, stock dividends, or similar transactions which result in an increase in the number of the outstanding common shares issuable pursuant to awards.


PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1. Plan Information

The documents containing information specified in Part I of Form S-8 will be sent or given to employees of the Registrant participating under the Registrant’s Equity Incentive Plan, dated June 27, 2013 and the Registrant’s Stock Option Plan, dated October 8, 2008 (together, the “Plans”) as specified by Rule 428(b)(1) of the Securities Act. Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the “Commission”) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. Those documents and the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

Item 2. Registrant Information and Employee Plan Annual Information

Upon written or oral request, any of the documents incorporated by reference in Item 3 of Part II of this Registration Statement (which documents are incorporated by reference in the Section 10(a) prospectus), other documents required to be delivered to eligible participants pursuant to Rule 428(b) or additional information about the Plans are available without charge. Requests should be directed to Acasti Pharma Inc. at 545 Promenade du Centropolis, Suite 100, Laval, Québec, Canada H7T 0B3 (telephone: (450) 687-2262).

 

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PART II

INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference

The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”):

 

1. the Registrant’s Annual Report on Form 40-F for the fiscal year ended February 28, 2013 (the “Form 40-F”);

 

2. each of the Registrant’s Report of Foreign Private Issuer on Form 6-K filed with the Commission on (i) July 15, 2013 relating to the Registrant’s interim financial statements and MD&A for the three-month period ended May 31, 2013 and (ii) August 13, 2013; and

 

3. the description of the Registrant’s Common Shares contained under the heading “Description of Capital Structure” in Exhibit 99.1 to the Form 40-F, including any amendment or report filed for the purpose of updating such description.

In addition, all documents subsequently filed by the Registrant pursuant to Section 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 covered hereby then remaining unsold, shall be deemed to be incorporated by reference in, and to be part of, this Registration Statement from the filing date of each such document.

Any statement, including financial statements, contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Unless expressly incorporated into this Registration Statement, a report furnished on Form 6-K prior or subsequent to the date hereof shall not be incorporated by reference into this Registration Statement.

Item 4. Description of Securities

Not applicable.

Item 5. Interests of Named Experts and Counsel

Not applicable.

Item 6. Indemnification of Directors and Officers

Under the Business Corporations Act (Québec) (the “Act”), except in respect of an action by or on behalf of the Registrant to procure a judgment in its favor, the Registrant shall indemnify against all costs, charges and expenses reasonably incurred by its mandatory (which covers directors and officers) prosecuted by a third person for an act done in the exercise of his duties and shall pay damages, if any, resulting from that act, unless such mandatory has committed a grievous offence or a personal offence separable from the exercise of his duties. However, in a penal or criminal proceeding, the Registrant shall indemnify against all costs, charges and expenses reasonably incurred by its mandatory if he had reasonable grounds to believe that his conduct was in conformity with the law. The Registrant may, with the approval of the court, assume the expenses of its mandatory if, having prosecuted him for an act done in the exercise of his duties, it loses its case. If the Registrant wins its case only in part, the court may determine the amount of the expenses it shall assume.

 

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In addition, the By-laws of the Registrant provide in effect for the indemnification by the Registrant of each director and officer of the Registrant to the fullest extent permitted by applicable law.

The Registrant has purchased insurance for the benefit of all directors and officers of the Registrant and its subsidiaries against liability incurred by them in such capacity.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the U.S. Securities and Exchange 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 following exhibits have been filed as part of this Registration Statement.

 

Exhibit
Number

  

Description

  4.1    Articles of Incorporation of Acasti Pharma Inc.
  4.2    By-laws of Acasti Pharma Inc.
  4.3    Advance Notice By-law of Acasti Pharma Inc.
  4.4    Acasti Pharma Inc. Equity Incentive Plan, dated June 27, 2013
  4.5    Acasti Pharma Inc. Stock Option Plan, dated October 8, 2008
  5.1    Opinion of Osler, Hoskin & Harcourt LLP
23.1    Consent of KPMG LLP
23.2    Consent of Osler, Hoskin & Harcourt LLP (included in Exhibit 5.1)
24.1    Power of attorney (included on signature page hereto)

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. Notwithstanding the foregoing, any increase or decrease in volume of the 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; and

 

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(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) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the 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 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 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 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 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 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 of 1933, 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 Laval, Province of Québec, Canada, on this 25th day of September, 2013.

 

ACASTI PHARMA INC.
By:  

/s/ Xavier Harland

Name:   Xavier Harland
Title:   Chief Financial Officer (Principal Financial and Accounting Officer)


POWERS OF ATTORNEY

Each person whose signature appears below constitutes and appoints Henri Harland, Xavier Harland and Jean-Daniel Belanger, or any of them, his true and lawful attorneys-in-fact and agents, each of whom may act alone, with full powers of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments to this Registration Statement, including post-effective amendments, and to file the same, with all exhibits thereto, and other documents and in connection therewith, with the U.S. 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, and hereby ratifies and confirms all his said attorneys-in-fact and agents or any of them or his substitute or substitutes may lawfully do or cause to be done by virtue hereof. This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on the dates indicated.

 

Signature    Title   Date

/s/ Henri Harland

     September 25, 2013
Henri Harland   

President, Chief Executive Officer and Director

(Principal Executive Officer)

 

/s/ Xavier Harland

     September 25, 2013
Xavier Harland    Chief Financial Officer (Principal Financial and Accounting Officer)  

/s/ Ronald Denis

     September 25, 2013
Ronald Denis    Director and Chairman of the Board  

/s/ Jean-Claude Debard

     September 25, 2013
Jean-Claude Debard    Director  

/s/ Harlan W. Waksal

     September 25, 2013
Harlan W. Waksal    Director  

/s/ Valier Boivin

     September 25, 2013
Valier Boivin    Director  


AUTHORIZED REPRESENTATIVE

Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, as amended, the undersigned has signed this Registration Statement, solely in the capacity of the duly authorized representative of Acasti Pharma Inc. in the United States, in the City of New York, State of New York, on September 25, 2013.

 

CT Corporation System

(Authorized Representative)

By:  

/s/ JoAn Tolosa

Name:   JoAn Tolosa
Title:   Assistant Secretary


EXHIBIT INDEX

 

Exhibit
Number

  

Description

  4.1    Articles of Incorporation of Acasti Pharma Inc.
  4.2    By-laws of Acasti Pharma Inc.
  4.3    Advance Notice By-law of Acasti Pharma Inc.
  4.4    Acasti Pharma Inc. Equity Incentive Plan, dated June 27, 2013
  4.5    Acasti Pharma Inc. Stock Option Plan, dated October 8, 2008
  5.1    Opinion of Osler, Hoskin & Harcourt LLP
23.1    Consent of KPMG LLP
23.2    Consent of Osler, Hoskin & Harcourt LLP (included in Exhibit 5.1)