As filed with the Securities and Exchange Commission on August 13, 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
Gentherm Incorporated
(Exact name of registrant as specified in its charter)
Michigan | 95-4318554 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) | |
21680 Haggerty Rd., Suite 101 Northville, MI |
48167 | |
(Address of principal executive offices) | (Zip code) |
GENTHERM INCORPORATED
2013 EQUITY INCENTIVE PLAN
(Full title of the plan)
Phillip Eyler
President and Chief Executive Officer
Gentherm Incorporated
21680 Haggerty Rd.
Northville, MI 48167
(248) 504-0500
(Name and address and telephone number, including area code, of agent for service)
Copies to: |
Wayne Kauffman, Esq. Vice President and General Counsel Gentherm Incorporated 21680 Haggerty Rd. Northville, MI 48167 (248) 504-0500 |
Michael S. Ben, Esq. Honigman LLP 2290 First National Building 660 Woodward Ave. Detroit, Michigan 48226-3506 (313) 465-7316 |
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 |
Proposed maximum offering price per share(2) |
Proposed offering price(2) |
Amount of registration fee | ||||
Common Stock, no par value |
2,450,000 | $42.395 | $103,867,750 | $13,482.03 | ||||
| ||||||||
|
(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 registrants shareholders on May 16, 2013, amended on May 19, 2017 and further amended on May 21, 2020. Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall also cover 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 so that an adjustment is appropriate in order to prevent dilution of the rights of participants under the Plan. |
(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 ($42.89) and low ($41.90) sales price for the common stock of the registrant as quoted on The Nasdaq Global Select Market on August 7, 2020. |
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by Gentherm Incorporated, a Michigan corporation (the Registrant), relating to 2,450,000 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, as amended (the Plan). The Common Stock being registered hereunder is in addition to the (i) 1,184,422 shares of Common Stock registered on the Registrants Form S-8 filed on June 19, 2013 (Commission File No. 333-189442), (ii) the 8,578 shares of Common Stock registered on the Registrants Post-Effective Amendment No. 2 to Form S-8 filed on June 19, 2013 (Commission File No. 333-164990) and the Registrants Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-139868), (iii) 2,307,000 shares of Common Stock registered on the Registrants Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-181975) and the Registrants Post-Effective Amendment No. 1 to Form S-8 filed on June 19, 2013 (Commission File No. 333-176884) and (iv) 2,000,000 shares of Common Stock registered on the Registrants Form S-8 filed on May 22, 2017 (Commission File No. 333-218155) (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 3. | Incorporation of Documents by Reference. |
Pursuant to General Instruction E to Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference.
The following documents filed with the U.S. Securities and Exchange Commission (the Commission) by the Registrant also are hereby incorporated herein by reference:
(a) | the Registrants Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Commission on February 20, 2020 (including information specifically incorporated by reference therein from the Registrants Proxy Statement filed with the Commission on April 21, 2020, as supplemented by the Registrants Proxy Statement Supplement filed with the Commission on May 5, 2020); |
(b) | the Registrants Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the Commission on May 7, 2020, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the Commission on August 4, 2020; |
(c) | the Registrants Current Reports on Form 8-K filed with the Commission on January 21, 2020, January 31, 2020 (together with the Current Report on Form 8-K/A filed with the Commission on February 26, 2020), March 26, 2020, April 8, 2020, April 21, 2020, May 26, 2020, June 22, 2020 and June 25, 2020; and |
(d) | the description of the Registrants Common Stock under the caption Description of Securities on pages 37 through 38 of the Prospectus included in our registration statement on Form SB-2 (File No. 33-61702-LA) effective June 10, 1993, as filed with the Commission pursuant to the Securities Act and incorporated by reference into our initial registration statement on Form 8-A filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the Exchange Act), as amended by the description of the Common Stock contained in Exhibit 4 to the Registrants Annual Report on Form 10-K for the year ended December 31, 2019, and as further amended by any subsequent amendment or report filed for the purpose of updating such description. |
In addition, all documents the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the filing of this Registration Statement, and prior to the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or which deregisters all securities covered hereby then remaining unsold, are incorporated herein by reference and are a part hereof from the date of filing of such documents.
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 herein, or in any subsequently filed document, which also is or is deemed to be incorporated by reference herein, modifies or supersedes such prior statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute part of this Registration Statement.
Item 8. | Exhibits. |
Exhibit |
Description | |
4.1 | Second Amended and Restated Articles of Incorporation of Gentherm Incorporated, incorporated herein by reference to Exhibit 3.2 to the Registrants Current Report on Form 8-K filed with the Commission on March 5, 2018 | |
4.2 | Amended and Restated Bylaws of Gentherm Incorporated, incorporated herein by reference to Exhibit 3.1 to the Registrants Current Report on Form 8-K filed with the Commission on May 26, 2016 | |
4.3 | Gentherm Incorporated 2013 Equity Incentive Plan, incorporated herein by reference to Appendix A to the Registrants Definitive Proxy Statement on Schedule 14A filed with the Commission on April 22, 2013 | |
4.4 | Amendment to Gentherm Incorporated 2013 Equity Incentive Plan, incorporated herein by reference to Exhibit 10.2 to the Registrants Current Report on Form 8-K filed with the Commission on May 19, 2017 | |
4.5 | Second Amendment to Gentherm Incorporated 2013 Equity Incentive Plan, incorporated herein by reference to Exhibit 10.1 to the Registrants Current Report on Form 8-K filed with the Commission on May 26, 2020 | |
5.1* | Opinion of Honigman LLP | |
23.1* | Consent of Grant Thornton LLP | |
23.2* | Consent of Honigman LLP (included in its opinion filed as Exhibit 5.1 to this Registration Statement) | |
24.1* | Power of Attorney (included after the signature of the Registrant contained in this Registration Statement) |
* | Filed herewith |
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 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 August 13, 2020.
GENTHERM INCORPORATED |
By: | /s/ PHILLIP EYLER |
Phillip Eyler | ||
President and Chief Executive Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Phillip Eyler and Matteo Anversa 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.
SIGNATURE |
TITLE |
DATE | ||
/s/ PHILLIP EYLER |
Director, President | August 13, 2020 | ||
Phillip Eyler | and Chief Executive Officer (Principal Executive Officer) |
|||
/s/ MATTEO ANVERSA |
Executive Vice President, Chief Financial Officer | August 13, 2020 | ||
Matteo Anversa | and Treasurer (Principal Financial Officer) |
|||
/s/ JENNIFER ZOLDOS |
Chief Accounting Officer | August 13, 2020 | ||
Jennifer Zoldos | (Principal Accounting Officer) | |||
/s/ SOPHIE DESORMIÈRE |
Director | August 13, 2020 | ||
Sophie Desormière | ||||
/s/ YVONNE HAO |
Director | August 13, 2020 | ||
Yvonne Hao | ||||
/s/ DAVID HEINZMANN |
Director | August 13, 2020 | ||
David Heinzmann |
[SIGNATURE PAGE TO S-8 REGISTRATION STATEMENT]
/s/ RONALD HUNDZINSKI |
Director | August 13, 2020 | ||
Ronald Hundzinski | ||||
/s/ CHARLES KUMMETH |
Director | August 13, 2020 | ||
Charles Kummeth | ||||
/s/ BYRON SHAW II |
Director | August 13, 2020 | ||
Byron Shaw II | ||||
/s/ JOHN STACEY |
Director | August 13, 2020 | ||
John Stacey |
[SIGNATURE PAGE TO S-8 REGISTRATION STATEMENT]
Exhibit 5.1
HONIGMAN |
(313) 465-7000 |
August 13, 2020
Gentherm Incorporated
21680 Haggerty Road
Northville, MI 48167
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 2,450,000 shares of the Companys 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 with the Commission as Exhibit 5.1 to the Registration Statement. In giving such consent, we do not 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.
Very truly yours, |
/s/ HONIGMAN LLP |
c: MKB/MZE/RZK
Honigman LLP 2290 First National Building 660 Woodward Avenue Detroit, Michigan 48226-3506
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We have issued our reports dated February 20, 2020 with respect to the consolidated financial statements and internal control over financial reporting of Gentherm Incorporated included in the Annual Report on Form 10-K for the year ended December 31, 2019, 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
August 13, 2020