S-8 1 nsit-s8.htm S-8 nsit-s8.htm

 

As filed with the Securities and Exchange Commission on May 20, 2020

Registration No. 333-

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

INSIGHT ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or other jurisdiction of
incorporation or organization)

86-0766246

(I.R.S. Employer
Identification Number)

6820 South Harl Avenue
Tempe, Arizona 85283
(Address of principal executive offices, including zip code)

Insight Enterprises, Inc. 2020 Omnibus Plan

(Full title of the plan)

Samuel C. Cowley

Senior Vice President, General Counsel and Secretary

Insight Enterprises, Inc.
6820 South Harl Avenue
Tempe, Arizona 85283

(480) 333-3000

(Name, address and telephone number, including area code, of agent for service)

 

With a copy to:

Jeffrey E. Beck

Snell & Wilmer L.L.P.

One Arizona Center

400 East Van Buren
Phoenix, Arizona 85004

(602) 382-6000

 

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

Large accelerated filer Accelerated filer

Non-accelerated filer Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

 

 


 

 

CALCULATION OF REGISTRATION FEE

 

Title of
securities to be
registered

Amount to be
registered(1)(2)

Proposed maximum
offering price
per share(3)

Proposed maximum
aggregate

offering price(3)

Amount of
registration fee(3)

Common Stock, par value $0.01 per share

2,570,894 shares

$44.36

$114,044,858

$14,803

(1)

 

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall also cover any additional shares of the registrant’s common stock, par value $0.01 per share (“Common Stock”), that may become issuable under the Insight Enterprises, Inc. 2020 Omnibus Plan (the “Plan”) by reason of any stock dividend, stock split or similar transaction.

 

(2)

 

Represents (i) 150,000 shares of Common Stock issuable pursuant to awards under the Plan and (ii) 2,420,894 shares of Common Stock remaining under the Amended Insight Enterprises, Inc. 2007 Omnibus Plan, as of the date of stockholder approval of the Plan, which shares are available for issuance under the Plan.

 

(3)

 

Estimated solely for purposes of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act based upon the average of the high and low prices of the Common Stock, as reported on The Nasdaq Global Select Market on May 14, 2020.

 

 

 

 

 

 


 

PART I
Information Required in the Section 10(a) Prospectus

Item 1.  Plan Information.*

Item 2.  Registrant Information and Employee Plan Annual Information.*

* The documents containing the information specified in Part I of Form S-8 will be delivered to participants in the Insight Enterprises, Inc. 2020 Omnibus Plan (the “Plan”) covered by this registration statement prepared by Insight Enterprises, Inc. (the “Company”) in accordance with Form S-8 and Rule 428(b)(1) under the Securities Act of 1933, as amended (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 under the Securities Act. These 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.

 

PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

The following documents have been filed by the Company with the Commission and are hereby incorporated by reference in this registration statement:

 

 

3.

The Company’s Current Reports on Form 8-K, filed with the Commission on February 18, 2020 (with respect to Item 5.02 only), February 27, 2020 and May 18, 2020.

 

4.

The description of the Company’s common stock contained in its Registration Statement on Form 8-A, dated November 9, 1994, and any amendment or report filed for the purpose of updating such description.

All documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby 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 such documents, except as to specific sections of such documents as set forth therein.  Any statement 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 in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement.

 

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Item 4.  Description of Securities.

Not applicable.

 

Item 5.  Interests of Named Experts and Counsel.

Not applicable.

 

Item 6.  Indemnification of Directors and Officers.

Delaware General Corporation Law

 

Section 145(a) of the General Corporation Law of the State of Delaware (the “DGCL”) provides that a Delaware corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person’s conduct was unlawful.

 

     Section 145(b) of the DGCL provides that a Delaware corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in any of the capacities set forth above against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification may be made in respect to any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to be indemnified for such expenses which such court shall deem proper.

 

Section 145 further provides that to the extent a present or former director or officer of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise; and that the corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not the corporation would have the power to indemnify such person against such liability

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under such Section 145.

 

Section 102(b)(7) of the DGCL provides that a corporation may in its certificate of incorporation or an amendment thereto eliminate or limit the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except (i) for any breach of the director’s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv) for any transaction from which a director derived an improper personal benefit.

 

Charter and Bylaw Provisions  

 

Article VI of the Company’s Amended and Restated Bylaws generally provides that the Company shall, to the fullest extent authorized by the Delaware General Corporation Law, indemnify and hold harmless any person who was or is a party, or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan against expenses, liabilities and losses (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such person in connection therewith; provided, however, that except as provided in Section 3 of Article VI of the Company’s Amended and Restated Bylaws with respect to proceedings to enforce rights to indemnification, the Company shall indemnify any such person in connection with a proceeding (or part thereof) initiated by such person only if such proceeding or part thereof was authorized by the board of directors of the Company.

 

Article 10 of the Company’s Amended and Restated Certificate of Incorporation generally provides that to the full extent that the DGCL permits the limitation or elimination of the liability of directors, a director of the Company shall not be liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director.

 

Other

 

The Company has a policy of directors’ and officers’ liability insurance which insures directors and officers against the costs of defense, settlement or payment of a judgment under certain circumstances.

 

The Company has entered into indemnification agreements with its directors and officers for indemnification of and advancement of expenses to such persons to the full extent permitted by law and intends to execute such indemnification agreements with its future officers and directors.

 

Item 7.  Exemption From Registration Claimed.

Not applicable.

 

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Item 8.  Exhibits.

Exhibit
Number

 

Description

 

Page or Method of Filing

 

4.1

Amended and Restated Certificate of Incorporation of Insight Enterprises, Inc.

 

Incorporated by reference to Exhibit 3.1 to the Company’s Annual Report on Form 10-K filed on February 17, 2006

 

 

4.2

Certificate of Amendment of Amended and Restated Certificate of Incorporation of Insight Enterprises, Inc.

 

 

Incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on May 21, 2015

 

4.3

Amended and Restated Bylaws of Insight Enterprises, Inc.

Incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on May 21, 2015

 

 

5.1

Opinion of Snell & Wilmer L.L.P.

 

Filed herewith

 

 

23.1

Consent of KPMG LLP, Independent Registered Public Accounting Firm

 

 

Filed herewith

23.2

Consent of Snell & Wilmer L.L.P.

 

Included as part of Exhibit 5.1

 

 

24.1

Power of Attorney

 

Included on the signature page hereto

 

 

99.1

Insight Enterprises, Inc. 2020 Omnibus Plan

 

Filed herewith

 

 

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 of 1933;

 

(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 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

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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 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 (a)(1)(i) and (a)(1)(ii) above do not apply if the registration statement is on Form S-8, and 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 Securities Exchange Act of 1934 (15 U.S.C 78m or 78o(d)) that are incorporated by reference in the registration statement.

 

(2)

That, for the purpose of determining any liability under the Securities Act of 1933, 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 undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) 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.  

 

(h)

Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 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 Tempe, State of Arizona, on May 20, 2020.

INSIGHT ENTERPRISES, INC.

 

By:

/s/ Kenneth T. Lamneck

Name:

Kenneth T. Lamneck

Title:

President and Chief Executive Officer

 

 

POWER OF ATTORNEY

Each person whose signature appears below hereby constitutes and appoints Kenneth T. Lamneck, Glynis A. Bryan and Samuel C. Cowley, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her 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 any and all exhibits thereto, and other documents in connection therewith, with the Commission, and hereby grants to such 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 connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his 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/ Kenneth T. Lamneck

Kenneth T. Lamneck

President, Chief Executive Officer and Director
(principal executive officer)

May 20, 2020

/s/ Glynis A. Bryan

Glynis A. Bryan

Chief Financial Officer
(principal financial officer)

May 20, 2020

/s/ Rachael A. Bertrandt

Rachael A. Bertrandt

Global Corporate Controller
(principal accounting officer)

May 20, 2020

/s/ Timothy A. Crown

Timothy A. Crown

Chairman of the Board of Directors

May 20, 2020

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/s/ Richard E. Allen

Richard E. Allen

Director

May 20, 2020

/s/ Bruce W. Armstrong

Bruce W. Armstrong

Director

May 20, 2020

/s/ Linda Breard

Linda Breard

Director

May 20, 2020

/s/ Catherine Courage

Catherine Courage

Director

May 20, 2020

/s/ Anthony A. Ibargüen

Anthony A. Ibargüen

Director

May 20, 2020

/s/ Kathleen S. Pushor

Kathleen S. Pushor

Director

May 20, 2020

/s/ Girish Rishi

Girish Rishi

Director

May 20, 2020

 

 

 

 

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