S-8 1 a26180sv8.htm FORM S-8 Emulex Corporation
 

 
 
As Filed with the Securities and Exchange Commission on January 3, 2007
Registration No. 333-_____
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM S-8
REGISTRATION STATEMENT
Under the
SECURITIES ACT OF 1933
 
EMULEX CORPORATION
(Exact Name of Registrant as Specified in its Charter)
     
Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
  51-0300558
(IRS Employer
Identification No.)
     
3333 Susan Street
Costa Mesa, California
(Address of Principal Executive Offices)
  92626
(Zip Code)
EMULEX CORPORATION 2005 EQUITY INCENTIVE PLAN
EMULEX CORPORATION 1997 STOCK AWARD PLAN FOR NON-EMPLOYEE DIRECTORS

(Full Title of the Plans)
JAMES M. MCCLUNEY
Chief Executive Officer and President
EMULEX CORPORATION

3333 Susan Street
Costa Mesa, California 92626
(Name and Address of Agent for Service)
(714) 662-5600
(Telephone number, including area code, of agent for service)
 
Copies of Communications to:
     
RANDALL WICK
Vice President and General Counsel
EMULEX CORPORATION

3333 Susan Street
Costa Mesa, California 92626
(714) 662-5600
Fax: (714) 641-0172
  ROBERT M. STEINBERG, Esq.
JEFFER, MANGELS, BUTLER & MARMARO LLP

1900 Avenue of the Stars, Seventh Floor
Los Angeles, California 90067
(310) 203-8080
Fax: (310) 203-0567

 


 

CALCULATION OF REGISTRATION FEE
                                             
 
  Title of Securities     Amount       Proposed       Proposed       Amount of    
  to be     to be       Maximum Offering       Maximum Aggregate       Registration    
  Registered(1)     Registered(1)       Price Per Share(2)       Offering Price(2)       Fee(2)    
 
Common Stock, par value $0.10 per share, to be issued under 2005 Equity Incentive Plan
      2,609,780       $ 19.65       $ 51,282,177       $ 5,487.19    
 
Common Stock, par value $0.10 per share, to be issued under 1997 Stock Award Plan for Non-Employee Directors
      150,000       $ 19.65       $ 2,947,500       $ 315.38    
 
Total:
    2,759,780 shares               $ 54,229,677       $ 5,802.57    
 
(1)   Pursuant to Rule 416(a), also covers additional securities that may be offered as a result of stock splits, stock dividends or similar transactions. Registered securities include attached preferred stock purchase rights issuable pursuant to the Registrant’s existing Rights Plan.
(2)   Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act of 1933, as amended, solely for the purpose of calculating the total registration fee. Fee calculation is based on the average of the high and low prices for the Registrant’s common stock as reported on the New York Stock Exchange on December 28, 2006.
 
 

 


 

This Registration Statement on Form S-8 is being filed for the purpose of registering (i) 2,609,780 shares of Common Stock that may be issued pursuant to the Emulex Corporation 2005 Equity Incentive Plan, and (ii) an additional 150,000 shares of Common Stock that may be issued pursuant to the Emulex Corporation 1997 Stock Award Plan for Non-Employee Directors. Pursuant to General Instruction E of Form S-8, the Registration Statements on Form S-8 previously filed with the Commission relating to the Emulex Corporation 2005 Equity Incentive Plan (Registration Statement No. 333-133309 filed April 14, 2006) and the Emulex Corporation 1997 Stock Award Plan for Non-Employee Directors (Registration Statement No. 333-52842 filed December 28, 2000 and Registration Statement No. 333-101657 filed on December 5, 2002 ) are incorporated by reference except as revised herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
     The following documents are incorporated by this reference into this Registration Statement:
          (a) The Registrant’s Annual Report on Form 10-K for the fiscal year ended July 2, 2006, filed pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), except as to any portion of such Annual Report that is not deemed filed under such provisions;
          (b) All other reports filed by the Registrant 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-K referred to in paragraph (a) above, except as to any portion of any such report that is not deemed filed under such provisions;
          (c) The description of the Registrant’s Common Stock to be offered hereby which is contained in its Registration Statement on Form 8-A filed June 12, 2002 pursuant to Section 12 of the Exchange Act.
          (d) The description of the Registrant preferred stock purchase rights which is contained in its Registration Statement on Form 8-A filed June 12, 2002 pursuant to Section 12 of the Exchange Act.
     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 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, except as to any portion of any future annual or quarterly report to stockholders or document that is not deemed filed under such provisions. For purposes of this registration statement, any statement in a document incorporated by reference shall be deemed to be modified or superseded to the extent that a statement contained in this registration statement modifies or supersedes a statement in such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of 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.
     As permitted by Section 145 of the Delaware General Corporation Law (“Section 145”), the Registrant’s Certificate of Incorporation provides that the directors will not be liable to the Registrant or to any stockholder for monetary damages for breach of fiduciary duty as a director, to the full extent that such limitation or elimination of liability is permitted under Delaware law.

 


 

     Also as permitted by Section 145, the Registrant’s Bylaws provide that the Registrant will indemnify its directors and officers to the full extent permitted under Delaware law. Pursuant to the Bylaws and Section 145, the Registrant will indemnify each director and officer against any liability incurred in connection with any action, suit, proceeding or investigation in which he may be involved by reason of serving in such capacity at the request of the Registrant.
     Each director and officer is also entitled to indemnification against costs and expenses (including attorneys’ fees) incurred in defending or investigating any action, suit, proceeding or investigation in which he may be involved by reason of serving in such capacity at the request of the Registrant. The Bylaws and indemnity agreements entered into between the Registrant and each of its directors permit the Registrant to advance funds to a director or officer for such costs and expenses (including attorneys’ fees) in certain circumstances. Notwithstanding the foregoing, no advance shall be made by the Registrant if a determination is reasonably and promptly made by the Board by a majority vote of a quorum of disinterested directors, or (if such a quorum is not obtainable or, even if obtainable, a quorum of disinterested directors so directs) by independent legal counsel, that based upon the facts known to the Board or counsel at the time such determination is made: (i) the director or officer acted in bad faith or deliberately breached his duty to the Registrant or its stockholders; and (ii) as a result of such actions by the director or officer, it is more likely than not that it will ultimately be determined that such director or officer is not entitled to indemnification.
     The indemnification and advancement of expenses provided by the Bylaws and any indemnity agreements are not exclusive of any other rights to which a director or officer seeking indemnification or advancement of expenses may be entitled under the Bylaws, indemnity agreements, any vote of stockholders or disinterested directors or otherwise. The indemnification and advancement of expenses provided by the Bylaws and the indemnity agreements continue as to a person who has ceased to be a director or officer and inure to the benefit of the heirs, executors and administrators of such a person.
     The Registrant has purchased a directors’ and officers’ liability insurance policy insuring directors and officers of the Registrant against any liability asserted against such person and incurred by such person in any such capacity, whether or not the Registrant would have the power to indemnify such person against such liability under the Bylaws or any indemnity agreement.
Item 7. Exemption from Registration Claimed
     Not Applicable.
Item 8. Exhibits
     The Exhibits to this Registration Statement are listed in the Index to Exhibits which is incorporated herein by this reference.
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 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; and
                  (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 this 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 by the Registrant pursuant to Section 13 or 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; and
          (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 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 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference into 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 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.

 


 

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 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 Costa Mesa, State of California, on the 3rd day of January, 2007.
         
  EMULEX CORPORATION
 
 
  By:   /s/ James M. McCluney   
    James M. McCluney, Chief Executive Officer and   
    President   
 
POWER OF ATTORNEY
     KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints James M. McCluney and Michael J. Rockenbach, jointly and severally, his attorneys-in-fact, each with the power of substitution, for him in any and all capacities, to sign any amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
     Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
         
SIGNATURE   TITLE   DATE
/s/ James M. McCluney
 
JAMES M. MCCLUNEY
  Chief Executive Officer, President and Director (Principal Executive Officer)   January 3, 2007
 
       
/s/ Paul F. Folino
 
PAUL F. FOLINO
  Executive Chairman of the Board and Director   January 3, 2007
 
       
/s/ Fred B. Cox
 
FRED B. COX
  Chairman Emeritus of the Board and Director   January 3, 2007
 
       
/s/ Michael J. Rockenbach
 
MICHAEL J. ROCKENBACH
  Chief Financial Officer (Principal Financial Officer and Accounting Officer)   January 3, 2007
 
       
/s/ Michael P. Downey
 
MICHAEL P. DOWNEY
  Director    January 3, 2007

 


 

         
SIGNATURE   TITLE   DATE
/s/ Bruce C. Edwards
 
BRUCE C. EDWARDS
  Director    January 3, 2007
 
       
/s/ Robert H. Goon
 
ROBERT H. GOON
  Director    January 3, 2007
 
       
/s/ Don M. Lyle
 
DON M. LYLE
  Director    January 3, 2007
 
       
/s/ Dean A. Yoost
 
DEAN A. YOOST
  Director    January 3, 2007

 


 

INDEX TO EXHIBITS
     
Exhibit    
Number   Description
5.1
  Opinion of Jeffer, Mangels, Butler & Marmaro LLP as to legality of securities being registered.
23.1
  Consent of Independent Registered Public Accounting Firm.
23.2
  Consent of Ernst & Young LLP, Independent Auditors.
23.3
  Consent of Jeffer, Mangels, Butler & Marmaro LLP (reference is made to Exhibit 5.1).
24.1
  Power of Attorney (contained on page II-2).
99.1
  Emulex Corporation 2005 Equity Incentive Plan, as amended (incorporated by reference to Appendix A to the Registrant’s Proxy Statement for its Annual Meeting of Stockholders held on November 30, 2006).
99.2
  Emulex Corporation 1997 Stock Award Plan for Non-Employee Directors (incorporated by reference to Appendix B to the Registrant’s Proxy Statement for its Annual Meeting of Stockholders held on November 30, 2006).