As filed with the Securities and Exchange Commission on November 1, 2018
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SYNAPTICS INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware | 77-0118518 | |
(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
1251 McKay Drive
San Jose, California 95131
(Address of Principal Executive Offices) (Zip Code)
AMENDED AND RESTATED 2010 INCENTIVE COMPENSATION PLAN
AMENDED AND RESTATED 2010 EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
Wajid Ali
Senior Vice President and Chief Financial Officer
1251 McKay Drive
San Jose, California 95131
(Name and address of agent for service)
(408) 904-1100
(Telephone number, including area code, of agent for service)
Copies to:
John McFarland Senior Vice President, General Counsel and Secretary Synaptics Incorporated 1251 McKay Drive San Jose, California 95131 Tel: (408) 904-1100 Fax: (408) 904-1110 |
Micheal J. Reagan, Esq. W. Stuart Ogg, Esq. Jones Day 1755 Embarcadero Road Palo Alto, CA 94303 Tel: (650) 739-3939 Fax: (650) 739-3900 |
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. (Check one):
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
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Title of Securities to be Registered | Amount to be Registered(1) |
Proposed Maximum Offering Price Per Share(4) |
Proposed Maximum Offering Price(4) |
Amount of Registration Fee(4) | ||||
Common Stock, par value $0.001 per share |
1,400,000(2) | $36.16 | $50,624,000.00 | $6,135.63 | ||||
Common Stock, par value $0.001 per share |
206,798(3) | $36.16 | $7,477,815.68 | $906.32 | ||||
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(1) | Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall be deemed to cover an indeterminate number of additional shares of common stock, par value $0.001 per share (the Common Stock), of Synaptics Incorporated (the Registrant) that may become issuable under the Registrants Amended and Restated 2010 Incentive Compensation Plan (as amended, the 2010 Plan) and the Amended and Restated 2010 Employee Stock Purchase Plan (as amended, the 2010 ESPP) in the event the number of outstanding shares of the Registrant is increased by reason of any stock dividend, stock split, recapitalization, merger, consolidation or reorganization or similar transaction. |
(2) | Represents additional shares of Common Stock issuable under the 2010 Plan. |
(3) | Represents additional shares of Common Stock issuable under the 2010 ESPP. |
(4) | Determined solely for purposes of calculating the registration fee pursuant to Rule 457(c) and (h). The proposed maximum offering price per share, proposed maximum aggregate offering price and the amount of the registration fee are based on $36.16, which is the average of the high and low prices for the Registrants Common Stock as reported on the Nasdaq Global Select Market on October 29, 2018. |
EXPLANATORY NOTE
Synaptics Incorporated, a Delaware corporation (the Registrant) is filing this Registration Statement to register an additional 1,400,000 shares of its common stock, par value $0.001 per share (Common Stock), for issuance under the Registrants Amended and Restated 2010 Incentive Compensation Plan (as amended, the 2010 Plan) and an additional 206,798 shares of Common Stock for issuance under the Registrants Amended and Restated 2010 Employee Stock Purchase Plan (as amended, the 2010 ESPP). The 2010 Plan was amended by the Registrants Compensation Committee of the Registrants Board of Directors on July 31, 2018 and by the Registrants Board of Directors on October 15, 2018, to increase the number of shares of Common Stock authorized for issuance thereunder by 1,400,000 shares and the 2010 ESPP was amended by the Registrants Board of Directors on September 12, 2018 to increase the number of shares of Common Stock authorized for issuance thereunder by 100,000 shares. The amendments to the 2010 Plan and to the 2010 ESPP were approved by the Registrants stockholders on October 30, 2018. The additional 106,798 shares of Common Stock registered hereby represent a portion of the increase in shares authorized for issuance under the 2010 ESPP (pursuant to the terms of its evergreen provision) that were not previously registered under the Registration Statements on Form S-8 referenced below.
This Registration Statement is being filed for the purpose of increasing the number of securities of the same class as other securities for which a Registration Statement on Form S-8 relating to the same benefit plans are effective pursuant to the terms of and amendments to the 2010 Plan and the 2010 ESPP described above. The Registrant previously registered shares of its Common Stock for issuance under the 2010 Plan under the following registration statements: a Registration Statement on Form S-8 filed with the Securities and Exchange Commission (SEC) on November 5, 2010 (File No. 333-170401); a Registration Statement on Form S-8 filed with the SEC on January 21, 2014 (File No. 333-193470); a Registration Statement on Form S-8 filed with the SEC on December 7, 2016 (File No. 333-214950); and a Registration Statement on Form S-8 filed with the SEC on November 15, 2017 (File No. 333-221585). The Registrant previously registered shares of its Common Stock for issuance under the 2010 ESPP under the following registration statements: a Registration Statement on Form S-8 filed with the Securities and Exchange Commission (SEC) on November 5, 2010 (File No. 333-170401) and a Registration Statement on Form S-8 filed with the SEC on January 21, 2014 (File No. 333-193470). Pursuant to General Instruction E to Form S-8, this Registration Statement hereby incorporates by reference the contents of the Registration Statements referenced above with respect to the shares of common stock registered under the 2010 Plan and the 2010 ESPP, except to the extent supplemented or amended or superseded by the information set forth or incorporated herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. | Exhibits. |
Exhibit No. |
Description | |
5.1 | ||
10.3 | Amended and Restated 2010 Incentive Compensation Plan, as amended (1) | |
10.25(a) | Amended and Restated 2010 Employee Stock Purchase Plan, as amended (1) | |
23.1 | ||
23.2 | Consent of KPMG LLP, the Registrants independent registered public accounting firm* | |
24.1 | Power of Attorney (included on the signature page) |
* | Filed herewith. |
(1) | Incorporated by Reference to the Registrants Current Report on Form 8-K as filed with the SEC on November 1, 2018. |
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 San Jose, State of California, on November 1, 2018.
SYNAPTICS INCORPORATED | ||
By: |
/s/ Richard A. Bergman | |
Richard A. Bergman | ||
President and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Richard A. Bergman and Wajid Ali and each or either of them, as his or her true and lawful attorney-in-fact and agent, 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 to this registration statement on Form S-8, including any and all post-effective amendments and amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, 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 attorney-in-fact and agent, or their or his or her substitutes or substitute, 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 on Form S-8 has been signed below by the following persons on behalf of Synaptics Incorporated and in the capacities and on the dates indicated:
Title |
Date | |||
/s/ Richard A. Bergman | President, Chief Executive Officer and Director (Principal Executive Officer) | November 1, 2018 | ||
Richard A. Bergman |
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/s/ Wajid Ali | Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | November 1, 2018 | ||
Wajid Ali |
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/s/ Francis F. Lee | Chairman of the Board | November 1, 2018 | ||
Francis F. Lee |
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/s/ Jeffrey D. Buchanan | Director | November 1, 2018 | ||
Jeffrey D. Buchanan |
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/s/ Nelson C. Chan | Director | November 1, 2018 | ||
Nelson C. Chan |
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/s/ Keith B. Geeslin | Director | November 1, 2018 | ||
Keith B. Geeslin |
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/s/ Russell J. Knittel | Director | November 1, 2018 | ||
Russell J. Knittel |
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/s/ Richard L. Sanquini | Director | November 1, 2018 | ||
Richard L. Sanquini |
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/s/ James L. Whims | Director | November 1, 2018 | ||
James L. Whims |
Exhibit 5.1
SILICON VALLEY OFFICE 1755 EMBARCADERO ROAD PALO ALTO, CALIFORNIA 94303
TELEPHONE: +1.650.739.3939 FACSIMILE: +1.650.739.3900
November 1, 2018
Synaptics Incorporated
1251 McKay Drive
San Jose, California 95131
Re: Registration Statement on Form S-8 Filed by Synaptics Incorporated
Ladies and Gentlemen:
We have acted as counsel for Synaptics Incorporated, a Delaware corporation (the Company), in connection with the Companys Amended and Restated 2010 Incentive Compensation Plan (as amended, the Plan) and the Companys Amended and Restated 2010 Employee Stock Purchase Plan (as amended, the ESPP). In connection with the opinion expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of such opinion.
Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that (i) the additional 1,400,000 shares (the Plan Shares) of common stock, par value $0.001 per share, of the Company (Common Stock) that may be issued or delivered and sold pursuant to the Plan and the authorized forms of stock option, restricted stock or other applicable award agreements thereunder (the Award Agreements) will be, when issued or delivered and sold in accordance with the Plan and the Award Agreements, validly issued, fully paid and nonassessable, provided that the consideration for the Plan Shares is at least equal to the stated par value thereof; and (ii) the additional 206,798 shares (the ESPP Shares) of Common Stock that may be issued or delivered and sold pursuant to the ESPP will be, when issued or delivered and sold in accordance with the ESPP, validly issued, fully paid and nonassessable, provided that the consideration for the ESPP Shares is at least equal to the stated par value thereof.
The opinion expressed herein is limited to the General Corporation Law of the State of Delaware, as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction on the opinion expressed herein. In addition, we have assumed that the resolutions authorizing the Company to issue or deliver and sell the Plan Shares and ESPP Shares pursuant to the Plan and the Award Agreements, and the ESPP, respectively, will be in full force and effect at all times at which the Plan Shares and ESPP Shares are issued or delivered and sold by the Company, and that the Company will take no action inconsistent with such resolutions. In rendering the opinion above, we have assumed that each award under the Plan will be approved by the Board of Directors of the Company or an authorized committee of the Board of Directors.
ALKHOBAR AMSTERDAM ATLANTA BEIJING BOSTON BRISBANE BRUSSELS CHICAGO CLEVELAND COLUMBUS DALLAS
DETROIT DUBAI DÜSSELDORF FRANKFURT HONG KONG HOUSTON IRVINE JEDDAH LONDON LOS ANGELES MADRID
MEXICO CITY MIAMI MILAN MINNEAPOLIS MOSCOW MUNICH NEW YORK PARIS PERTH PITTSBURGH RIYADH
SAN DIEGO SAN FRANCISCO SÃO PAULO SHANGHAI SILICON VALLEY SINGAPORE SYDNEY TAIPEI TOKYO WASHINGTON
November 1, 2018
Page 2
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement on Form S-8 filed by the Company to effect the registration of the Shares under the Securities Act of 1933 (the Act). In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
Very truly yours,
/s/ Jones Day
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
The Board of Directors
Synaptics Incorporated:
We consent to the use of our report dated August 24, 2018, with respect to the consolidated balance sheets of Synaptics Incorporated as of June 30, 2018 and June 24, 2017, and the related consolidated statements of operations, comprehensive income/(loss), stockholders equity and cash flows for each of the years in the three-year period ended June 30, 2018, and the related notes (collectively, the consolidated financial statements), and the effectiveness of internal control over financial reporting as of June 30, 2018, incorporated herein by reference.
/s/ KPMG LLP
Santa Clara, California
November 1, 2018
This website contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for our most recent fiscal year, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this filing.