Securities Registration: Employee Benefit Plan (s-8)
03 May 2019 - 7:31AM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on May 2, 2019
Registration
No. 333-
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
S-8
REGISTRATION STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
DELPHI TECHNOLOGIES PLC
(Exact name of registrant as specified in its charter)
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Jersey
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98-1367514
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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One Angel Court
10th Floor
London, EC2R
7HJ
United Kingdom
(Address of Principal Executive Offices)
Nonqualified Stock Option Inducement Agreement
(Full title of the plan)
James Harrington
One
Angel Court
10th Floor
London, EC2R 7HJ
United
Kingdom
011-44-020-305-74300
(Name, address and telephone number, including area code,
of agent for service)
Copy to:
Robert W. Boyle
Vice
President, Corporate and Securities
Delphi Technologies PLC
5825 Innovation Drive
Troy, Michigan 48098-2815
(313)
614-0520
Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, 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.
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Large accelerated filer
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☒
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Accelerated filer
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☐
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Non-accelerated
filer
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☐
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Smaller reporting company
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☐
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Emerging growth company
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☐
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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
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Amount
to be
Registered
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Proposed
Maximum
Offering Price
Per Share
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Proposed
Maximum
Aggregate
Offering Price
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Amount of
Registration Fee
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Ordinary Shares, par value $0.01 per share
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1,006,077(1)(2)
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$15.06(3)
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$15,151,519.62(3)
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$1,836.36
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(1)
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Represents ordinary shares, par value $0.01 per share (
Ordinary Shares
), of Delphi
Technologies PLC (the
Registrant
) issuable upon vesting and exercise of a stock option inducement grant by the Registrant to Richard F. Dauch under the Nonqualified Stock Option Inducement Agreement dated January 7,
2019.
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(2)
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Pursuant to Rule 416 of the Securities Act of 1933, as amended (the
Securities Act
),
this Registration Statement also covers any additional Ordinary Shares that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
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(3)
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Estimated solely for the purposes of determining the amount of the registration fee, pursuant to paragraph
(h) of Rule 457 under the Securities Act, based on the stock option exercise price.
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EXPLANATORY NOTE
This Registration Statement registers the offer and sale of 1,006,077 Ordinary Shares, which may be issued pursuant to the stock option inducement grant made
to Richard F. Dauch, the Companys Chief Executive Officer, in accordance with the terms of the Nonqualified Stock Option Inducement Agreement by and between the Registrant and Richard F. Dauch, dated January 7, 2019, in reliance on the
employment inducement award exemption under the New York Stock Exchange Listed Company Manual Rule 303A.08.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
As permitted by the rules of the Securities and Exchange Commission (the
Commission
), this Registration Statement omits the
information specified in Part I of
Form S-8.
The documents containing the information specified in Part I will be delivered to the Registrants Chief Executive Officer as required by
Rule 428(b) promulgated under the Securities Act. Such documents are not being filed with the Commission as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. Such
documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, 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.
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Incorporation of Documents by Reference.
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The Registrant is subject to the informational and reporting requirements of Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as
amended (the
Exchange Act
). The following documents, which are on file with the Commission, are incorporated into this Registration Statement by reference (in each case excluding any information furnished pursuant to
Item 2.02 or Item 7.01 on any Current Report
on Form 8-K):
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(a)
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The Registrants Annual Report on
Form
10-K
for the fiscal year ended December 31, 2018, filed on February
21, 2019, including the information incorporated by reference from our
Definitive Proxy
Statement filed on March 15, 2019
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(b)
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The Registrants Quarterly Report on Form
10-Q
for the quarterly
period ended March 31, 2019, filed on May 2, 2019;
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(c)
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The Registrants Current Report on
Form
8-K
filed on January 7, 2019 and Current Report on
Form 8-K
filed on April 29, 2019; and
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(d)
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The description of the Ordinary Shares contained in the Registrants Information Statement, filed as
Exhibit 99.1 to the Registration Statement on
Form 10
, initially filed on June 9, 2017, as amended by Amendment No. 1 filed on
August 11, 2017, Amendment No. 2 filed on September 7, 2017, Amendment No. 3 filed on October 16, 2017, Amendment No. 4 filed on November 3, 2017 and Amendment No. 5 filed on November 13, 2017, including
any amendment or report filed for the purpose of updating such description.
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All documents filed by the Registrant with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the effective date of this Registration Statement and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or
that deregisters all securities then remaining unsold, will be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents; provided, however, that documents or information
deemed to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this Registration Statement. Any statement contained in any document incorporated or deemed to be incorporated by
reference herein will 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 that also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as modified or superseded, to constitute a part of this Registration Statement.
Item 4.
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Description of Securities.
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Not applicable.
Item 5.
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Interests of Named Experts and Counsel.
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Not applicable.
Item 6.
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Indemnification of Directors and Officers.
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Under the Registrants memorandum and articles of association, the Registrant is required to indemnify every present and former director, officer or
employee of the Registrant out of the assets of the Registrant against any loss or liability incurred by such person by reason of being or having been such a director, officer or employee. Further, the Registrants directors may approve the
Registrants purchase or maintenance of such insurance as is permitted by law for any director, officer or employee or former director, officer or employee of the Registrant in respect of any liability that would otherwise attach to such
director, officer or employee or former director, officer or employee. The extent of such indemnities shall be limited in accordance with the provisions of the Companies (Jersey) Law 1991, as amended.
Item 7.
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Exemption from Registration Claimed.
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Not applicable.
Exhibits.
(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
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 (a)(1)(i) and (a)(1)(ii) of this section 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 undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Registrants annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plans
annual report pursuant to 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 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.
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 London, United Kingdom, on May 2, 2019.
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DELPHI TECHNOLOGIES PLC
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By:
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/s/ James D. Harrington
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Name:
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James D. Harrington
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Title:
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Senior Vice President, General Counsel, Secretary and Chief Compliance Officer
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Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons
in the capacities indicated on May 2, 2019.
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Signature
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Title
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/s/ Richard F. Dauch
Richard F. Dauch
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Richard F. Dauch
(Principal Executive Officer)
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/s/ Vivid Sehgal
Vivid Sehgal
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Chief Financial Officer
(Principal Financial Officer)
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/s/ Jeffrey M. Sesplankis
Jeffrey Sesplankis
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Chief Accounting Officer
(Principal Accounting Officer)
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/s/ Timothy M. Manganello
Timothy M. Manganello
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Chairman of the Board of Director
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/s/ Robin J. Adams
Robin J. Adams
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Director
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/s/ Joseph S. Cantie
Joseph S. Cantie
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Director
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/s/ Nelda J. Connors
Nelda J. Connors
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Director
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/s/ Gary L. Cowger
Gary L. Cowger
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Director
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/s/ David S. Haffner
David S. Haffner
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Director
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/s/ Dr. Helmut Leube
Dr. Helmut Leube
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Director
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/s/ Hari N. Nair
Hari N. Nair
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Director
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/s/ MaryAnn Wright
MaryAnn Wright
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Director
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