Securities Registration: Employee Benefit Plan (s-8)
March 19 2018 - 4:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
EXPONENT, INC.
(Exact Name of Registrant as Specified
in its Charter)
Delaware
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77-0218904
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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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149 Commonwealth Drive, Menlo Park, California
94025
(Address of Principal Executive Offices)
Exponent, Inc.
Amended and Restated 2008 Equity Incentive
Plan
Amended and Restated 2008 Employee Stock
Purchase Plan
(Full Title of the Plan)
Paul R. Johnston
Chief Executive Officer
Exponent, Inc.
149 Commonwealth Drive
Menlo Park, California 94025
(Name and Address of Agent For Service)
(650) 326-9400
(Telephone Number, Including Area Code,
of Agent For Service)
With copy to:
Timothy G. Hoxie
Jones Day
555 California Street
26th Floor
San Francisco, California 94104
Telephone: (415) 626-3939
Facsimile: (415) 875-5700
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 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
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
¨
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(Do not check if a smaller
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reporting company)
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Emerging growth company
¨
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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 13(a) of the Exchange Act.
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CALCULATION OF REGISTRATION FEE
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Title of Securities to be Registered
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Amount to be
Registered (1)
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Proposed Maximum
Offering Price
per Share (2)
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Proposed
Maximum
Aggregate
Offering Price
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Amount of
Registration
Fee (3)
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Common Stock $0.001 par value (Amended and Restated 2008 Equity Incentive Plan)
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1,100,000
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$79.45(2)
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$87,395,000
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$10,880.68
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Common Stock $0.001 par value (Amended and Restated 2008 Employee Stock Purchase Plan)
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200,000
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$75.48(3)
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$15,096,000
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$1,879.45
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Totals
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1,300,000
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N/A
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$102,491,000
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$12,760.13
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(1)
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Pursuant to Rule 416(a) under the Securities Act of 1933, as
amended, this Registration Statement also covers any additional securities that may be offered or issued in connection with any
stock split, stock dividend or similar transaction.
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(2)
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Estimated solely for the purpose of calculating the registration
fee in accordance with Rule 457(c) and Rule 457(h) under the Securities Act of 1933, as amended, and based upon the average of
high and low prices for the Registrant’s Common Stock as reported on the NASDAQ Global Select Market on March 15, 2018.
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(3)
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Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and Rule 457(h) under the Securities Act of 1933, as amended, and based upon 95% of the average of high and low sales prices for the Registrant’s Common Stock as reported on the NASDAQ Global Select Market on March 15, 2018. Under the terms of the Exponent, Inc. Amended and Restated Employee Stock Purchase Plan, shares of the Registrant’s Common Stock are purchased at 95% of the market value of Registrant’s Common Stock on the last trading date of each offering period.
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(4)
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Amount of registration fee was calculated pursuant to Section 6(b) of the Securities Act of 1933, as amended, which provides that the fee shall be $124.50 per $1,000,000 of the proposed maximum aggregate offering price of the securities proposed to be offered.
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Explanatory Note
: This Registration
Statement on Form S-8 (the “
Registration Statement
”) relates to the issuance of up to an additional 1,300,000
shares of Exponent, Inc. (the “
Registrant
”) Common Stock. Of the shares, 1,100,000 are issuable pursuant to
the Exponent, Inc. Amended and Restated 2008 Equity Incentive Plan and 200,000 are issuable pursuant to the Exponent, Inc. Amended
and Restated 2008 Employee Stock Purchase Plan.
On May 29, 2008, the Registrant filed with
the Commission a Registration Statement on Form S-8 (Commission File No. 333-151238) relating to the registration of 2,400,000
shares of Common Stock under the Exponent, Inc. 2008 Equity Incentive Plan and 400,000 shares under the Exponent, Inc. 2008 Employee
Stock Purchase Plan (such numbers including the effect of a 2:1 stock split on May 28, 2015.
On September 24, 2012, the Registrant filed
with the Commission a Registration Statement on Form S-8 (Commission File No. 333-184058) relating to the registration of 2,428,150
additional shares of Common Stock under the Exponent, Inc. 2008 Equity Incentive Plan (such numbers including the effect of a 2:1
stock split on May 28, 2015.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS
The documents containing the information
specified in this Part I will be sent or given to employees, officers, directors or others as specified by Rule 428(b)(1) under
the Securities Act of 1933. In accordance with the rules and regulations of the Securities and Exchange Commission and the instructions
to Form S-8, such documents are not being filed with the Securities and Exchange Commission either as part of this Registration
Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed or to be
filed with the Securities and Exchange Commission are hereby incorporated by reference in this Registration Statement:
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(a)
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The Registrant’s latest Annual Report on Form 10-K for the fiscal year ended December 29, 2017 filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “
Exchange Act
”), filed on February 23, 2018; and
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(b)
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The description of the Common Stock of the Registrant contained in the Registrant’s Registration Statement on Form 8-A filed on June 25, 1990, pursuant to Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description.
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All documents subsequently filed by the
Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information deemed to be furnished
and not filed with the Commission) and prior to the termination of the offering of the securities offered hereby shall be deemed
to be incorporated by reference into this Registration Statement and to be a part hereof from the respective dates 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 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 shall not be deemed, except as so modified or superseded, to constitute
a part of this Registration Statement.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers
Article VII of the Amended and Restated
Bylaws of Exponent, Inc. provides that the Registrant shall, to the maximum extent and in the manner permitted by the General Corporation
Law of Delaware, indemnify any person against expenses (including attorney’s fees), judgments, fines, and amounts paid in
settlement actually and reasonably incurred in connection with any threatened, pending, or completed action, suit, or proceeding
in which such person was or is a party or is threatened to be made a party by reason of the fact that such person is or was a director
or officer of the Registrant.
The Registrant is required to indemnify
a director or officer in connection with any action, suit, or proceeding initiated by such director or officer only if the initiation
of such action, suit, or proceeding by the director or officer was authorized by the board of Directors of the Registrant.
The Registrant will pay the expenses incurred
by a director or officer of the Registrant entitled to indemnification in defending any action, suit, or proceeding in advance
of its final disposition; provided that payment of expenses incurred by a director or officer of the Registrant will be repaid
if it is determined that the director or officer is not entitled to be indemnified.
The right conferred on any person by these
Articles shall not be exclusive of any other rights, which such person may have or hereafter acquired under any statute, provision
of the Registrant’s Certificate of Incorporation, these bylaws, agreement, vote of the stockholders or disinterested directors.
The Registrant may purchase and maintain
insurance on behalf of any person who is or was a director or officer, for any liability asserted against him or her and incurred
by him or her in any such capacity, or arising out of his or her status as such, whether or not the Registrant would have the power
to indemnify him or her against such liability under the provisions of the General Corporation Law of Delaware.
In addition, each executive officer and
director is a party to a written agreement for the indemnification of and advancement of expenses to these persons to the fullest
extent permitted by law.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
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, as amended (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 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) do not
apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Securities and Exchange Commission by the Registrant pursuant to Section 13 or 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 liability under the Securities Act, each filing of the Registrant’s annual report pursuant
to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s 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 Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities 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 Securities Act and will be governed
by the final adjudication of such issue.
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 Menlo Park, State of California, on March 19, 2018.
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EXPONENT, INC.
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By:
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/s/ Richard L. Schlenker
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Richard L. Schlenker, Jr.
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Executive Vice President, Chief Financial Officer and Corporate Secretary
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POWER OF ATTORNEY
Each person whose signature appears below
constitutes and appoints Paul R. Johnston and Richard L. Schlenker his or her true and lawful attorneys-in-fact and agents, each
acting alone, with full power of substitution and resubstitution, for him or her and in his name, place and stead, in any and all
capacities, to sign any or all amendments (including post effective amendments) to the Registration Statement, and to sign any
registration statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant
to Rule 462(b) under the Securities Act of 1933, as amended, and all post effective amendments thereto, and to file the same, with
all exhibits thereto, and all 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 and about the premises, 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, each acting alone, or his or her 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 has been signed below by the following persons in their respective capacities and on the
dates indicated.
Signature
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Title
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Date
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/s/ Paul R. Johnston
Paul R. Johnston, Ph.D.
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Chief Executive Officer and Director
(Principal Executive Officer)
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March 19, 2018
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/s/ Richard L. Schlenker
Richard L. Schlenker, Jr.
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Executive Vice President, Chief Financial Officer and Corporate
Secretary
(Principal Financial and Accounting Officer)
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March 19, 2018
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/s/ Michael R. Gaulke
Michael R. Gaulke
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Chairman of the Board of Directors
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March 19, 2018
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/s/ Carol Lindstrom
Carol Lindstrom
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Director
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March 19, 2018
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/s/ Karen A. Richardson
Karen A. Richardson
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Director
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March 19, 2018
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/s/ John B. Shoven
John B. Shoven
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Director
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March 19, 2018
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/s/ Debra L. Zumwalt,
Debra L. Zumwalt
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Director
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March 19, 2018
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