As filed with the Securities and Exchange Commission on May 22, 2017
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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Gentherm Incorporated
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(Exact name of Registrant as specified in its charter) |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification Number) |
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21680 Haggerty Rd., Suite 101 Northville, MI |
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(Address of principal executive offices) |
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(Zip code) |
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GENTHERM INCORPORATED 2013 EQUITY INCENTIVE PLAN |
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(Full title of the plan) |
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Daniel R. Coker President and Chief Executive Officer Gentherm Incorporated 21680 Haggerty Rd., Suite 101 Northville, MI 48167 (248) 504-0500 |
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(Name, address, including zip code, and telephone number, including area code, of agent for service) |
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Copy to: Michael S. Ben, Esq. Honigman Miller Schwartz and Cohn LLP 2290 First National Building 660 Woodward Ave. Detroit, Michigan 48226-3506 (313) 465-7316 |
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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 ☐ (Do not check if a smaller reporting company) 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(2) |
Proposed maximum aggregate offering price(2) |
Amount of registration fee |
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Common Stock, no par value |
2,000,000 |
$36.19 |
$72,380,000 |
$8,388.85 |
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(1) |
Represents shares of common stock issuable under the Gentherm Incorporated 2013 Equity Incentive Plan, as amended (the “Plan”), which Plan was approved by the registrant’s shareholders on May 16, 2013 and as amended on May 19, 2017, and, pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), an indeterminate amount of additional shares of common stock that may become issuable under the Plan by reason of certain corporate transactions or events, including any stock dividend, stock split, reorganization or any other similar transaction that affects the stock such that an adjustment is appropriate in order to prevent dilution of the rights of participants under the Plan. |
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(2) |
Estimated solely for the purpose of calculating the registration fee pursuant to paragraphs (c) and (h) of Rule 457 under the Securities Act, on the basis of the average of the high ($36.525) and low ($35.85) sales price for the common stock of the registrant as quoted on the NASDAQ Global Select Market on May18, 2017. |
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by Gentherm Incorporated, a Michigan corporation (the “Registrant”), relating to 2,000,000 shares of its common stock, no par value (the “Common Stock”), issuable to eligible employees (including officers), directors, consultants and advisors of the Registrant under the Gentherm Incorporated 2013 Equity Incentive Plan (the “Plan”). The Common Stock being registered hereunder is in addition to the (i) 1,184,422 shares of Common Stock registered on the Registrant’s Form S-8 filed on June 19, 2013 (Commission File No. 333-189442), (ii) the 8,578 shares of Common Stock registered on the Registrant’s Post-Effective Amendment No. 2 to Form S-8 filed on June 19, 2013 (Commission File No. 333-164990) and the Registrant’s Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-139868), and (iii) 2,307,000 shares of Common Stock registered on the Registrant’s Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-181975) and the Registrant’s Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-176884) (collectively, the “Prior Registration Statements”).
This Registration Statement relates to securities of the same class as that to which the Prior Registration Statements relate, and is submitted in accordance with General Instruction E to Form S-8 regarding the registration of additional securities. Pursuant to such instruction, the contents of the Prior Registration Statements are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.Exhibits.
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Exhibit No. |
Description |
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4.1 |
Restated Articles of Incorporation of Gentherm Incorporated, incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 28, 2015 |
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4.2 |
Rights Agreement, dated January 26, 2009, between the Registrant and Computershare Trust Company, N.A., incorporated herein by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the Commission on January 27, 2009, as amended by the Amendment to Rights Agreement, dated March 30, 2011, incorporated herein by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed with the Commission on March 31, 2011 |
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4.3 |
Amended and Restated Bylaws of Gentherm Incorporated, effective May 26, 2016, incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 26, 2016 |
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5.1* |
Opinion of Honigman Miller Schwartz and Cohn LLP |
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10.1 |
Amendment to Gentherm Incorporated 2013 Equity Incentive Plan, incorporated herein by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 19, 2017 |
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23.1* |
Consent of Grant Thornton LLP |
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23.2* |
Consent of Honigman Miller Schwartz and Cohn LLP (included in its opinion filed as Exhibit 5.1 to this Registration Statement) |
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24.1* |
Power of Attorney (included after the signature of the Registrant contained on Signature Pages 1-2 of this Registration Statement) |
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________
* Filed herewith
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 Northville, State of Michigan, on May 22, 2017.
GENTHERM INCORPORATED
By: /s/ Daniel R. Coker
Daniel R. Coker
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Daniel R. Coker and Barry G. Steele as his or her true and lawful attorneys-in-fact and agents with full power of substitution, severally, for him or her in any and all capacities, to sign the Registration Statement on Form S-8 of Gentherm Incorporated, and any or all amendments (including post-effective amendments thereto), which relates to the registration and issuance of the Common Stock pursuant to the Gentherm Incorporated 2013 Equity Incentive Plan, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents 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 for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his, her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
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SIGNATURE |
TITLE |
DATE |
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/s/ Daniel R. Coker |
Director, President |
May 22, 2017 |
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Daniel R. Coker |
and Chief Executive Officer |
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/s/ Barry G. Steele |
Chief Financial Officer |
May 22, 2017 |
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Barry G. Steele |
(Principal Financial Officer and Principal Accounting Officer) |
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/s/ Francois J. Castaing |
Director, Chairman of the Board |
May 22, 2017 |
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Francois J. Castaing |
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/s/ Lewis Booth |
Director |
May 22, 2017 |
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Lewis Booth |
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/s/ Sophie Desormiere |
Director |
May 22, 2017 |
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Sophie Desormiere |
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/s/ Maurice E.P. Gunderson |
Director |
May 22, 2017 |
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Maurice E.P. Gunderson |
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/s/ Yvonne Hao |
Director |
May 22, 2017 |
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Yvonne Hao |
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[SIGNATURE PAGE TO REGISTRATION STATEMENT]
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/s/ Ronald Hundzinski |
Director |
May 22, 2017 |
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Ronald Hundzinski |
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/s/ Byron Shaw |
Director |
May 22, 2017 |
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Byron Shaw |
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[SIGNATURE PAGE TO REGISTRATION STATEMENT]
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Exhibit No. |
Description |
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4.1 |
Restated Articles of Incorporation of Gentherm Incorporated, incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 28, 2015 |
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4.2 |
Rights Agreement, dated January 26, 2009, between the Registrant and Computershare Trust Company, N.A., incorporated herein by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the Commission on January 27, 2009, as amended by the Amendment to Rights Agreement, dated March 30, 2011, incorporated herein by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed with the Commission on March 31, 2011 |
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4.3 |
Amended and Restated Bylaws of Gentherm Incorporated, effective May 26, 2016, incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 26, 2016 |
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5.1* |
Opinion of Honigman Miller Schwartz and Cohn LLP |
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10.1 |
Amendment to Gentherm Incorporated 2013 Equity Incentive Plan, incorporated herein by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the Commission on May 19, 2017 |
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23.1* |
Consent of Grant Thornton LLP |
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23.2* |
Consent of Honigman Miller Schwartz and Cohn LLP (included in its opinion filed as Exhibit 5.1 to this Registration Statement) |
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24.1* |
Power of Attorney (included after the signature of the Registrant contained on Signature Pages 1-2 of this Registration Statement) |
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________
* Filed herewith
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Honigman Honigman Miller Schwartz and Cohn LLP Attorneys and Counselors |
Exhibit 5.1
(313) 465-7000 Fax: (313) 465-8000 www.honigman.com |
May 22, 2017
Gentherm Incorporated
21680 Haggerty Road, Suite 101
Northville, MI 48167
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RE: |
Registration Statement on Form S-8 |
Ladies and Gentlemen:
We have acted as counsel to Gentherm Incorporated, a Michigan corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) of a Registration Statement on Form S-8 (the “Registration Statement”) for the registration under the Securities Act of 1933, as amended (the “Securities Act”), of a maximum of 2,000,000 shares of the Company’s common stock, no par value (the “Common Stock”), to be issued pursuant to awards under the Gentherm Incorporated 2013 Equity Incentive Plan, as amended (the “Plan”).
Based upon our examination of such documents and other matters as we deem relevant, we are of the opinion that the shares of Common Stock to be offered by the Company under the Plan pursuant to the Registration Statement are duly authorized and, when issued and sold by the Company in accordance with the Plan and the awards thereunder, will be validly issued, fully paid and non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we are within the category of persons whose consent is required by Section 7 of the Securities Act or the rules and regulations promulgated thereunder by the Commission.
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Very truly yours, |
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/s/ HONIGMAN MILLER SCHWARTZ AND COHN LLP |
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c: |
MKB/GLS/RZK |
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2290 First National Building • 660 Woodward Avenue ∙ Detroit, Michigan 48226-3506 Detroit ∙ Ann Arbor ∙ Bloomfield Hills ∙ Chicago ∙ Grand Rapids Kalamazoo ∙ Lansing |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We have issued our reports dated February 23, 2017 with respect to the consolidated financial statements, schedule and internal control over financial reporting of Gentherm Incorporated included in the Annual Report on Form 10-K for the year ended December 31, 2016, which are incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned reports in this Registration Statement.
/s/ GRANT THORNTON LLP
Southfield, Michigan
May 22, 2017