As filed with the Securities and Exchange Commission on May 22, 2019
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Lawson Products, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 36-2229304 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
8770 W. Bryn Mawr Ave., Suite 900, Chicago, Illinois 60631
(Address of Principal Executive Offices and Zip Code)
Lawson Products, Inc.
2009 Equity Compensation Plan
(Full Title of the Plan)
Neil Jenkins
Executive Vice President, Secretary and General Counsel
8770 W. Bryn Mawr Avenue, Suite 900, Chicago, Illinois 60631
Telephone: (773) 304-5050
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copy to:
Thomas A. Monson
Jenner & Block LLP
353 N. Clark Street
Chicago, IL 60654
Telephone: (312) 222-9350
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 Registered (1) |
Proposed Maximum Offering Price Per Share (2) |
Proposed Maximum Offering Price (2) |
Amount of Registration Fee (2) | ||||
Common Stock, par value $1.00 per share |
250,000 Shares | $ 38.025 | $ 9,506,250.00 | $ 1,152.16 | ||||
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|
(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement also covers such indeterminable number of additional shares of the Registrants Common Stock as may become issuable to prevent dilution in the event of stock splits, stock dividends or similar transactions. |
(2) | Computed pursuant to Rules 457(c) and (h) promulgated under the Securities Act solely for the purpose of calculating the registration fee based on the average of the high ($38.74) and low ($37.31) prices of the Registrants Common Stock as reported on the NASDAQ Global Select Market on May 17, 2019. |
EXPLANATORY NOTE
This registration statement on Form S-8 (Registration Statement) is being filed to register an additional 250,000 shares (the Shares) of Common Stock, par value $1.00 per share (Common Stock), of Lawson Products, Inc., a Delaware corporation (the Registrant), available for issuance under the Lawson Products, Inc. 2009 Equity Compensation Plan. The Shares are being registered in addition to the Common Stock previously registered for issuance on the Registrants registration statements on Form S-8 previously filed with the Securities and Exchange Commission (the Commission) on December 23, 2009 (Registration No. 333-163978 registering 500,000 shares of Common Stock) and October 10, 2014 (Registration No. 333-199243 registering 600,000 shares of Common Stock) (collectively, the Prior Registration Statements). In accordance with Section E of the General Instructions to Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference, except to the extent supplemented, amended or superseded by the information set forth herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. | Incorporation of Documents By Reference |
The following documents filed by the Registrant with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the Exchange Act), are hereby incorporated by reference into this Registration Statement:
| The Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Commission on March 4, 2019; |
| The Registrants Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 filed with the Commission on April 18, 2019; |
| The Registrants Definitive Proxy Statement on Schedule 14A filed with the Commission on March 27, 2019; |
| The Registrants Current Reports on Form 8-K filed with the Commission on January 22, 2019, March 22, 2019, April 19, 2019, May 3, 2019 and May 16, 2019; and |
| The description of the Registrants Common Stock contained in any registration statement or report filed by the Registrant under the Exchange Act, including any amendment or report filed for the purpose of updating such description. |
In addition to the foregoing, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the filing of this Registration Statement, but prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities registered hereunder have been sold or that deregisters all securities offered then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such documents. Any statement, including financial statements, 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 which 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.
Notwithstanding the foregoing, nothing in this Registration Statement shall be deemed to incorporate (i) any information provided in documents incorporated by reference herein that is described in paragraph (d)(1), (d)(2), (d)(3) or (e)(5) of Item 407 of Regulation S-K promulgated by the Commission or Item 2.02 or Item 7.01 of any Form 8-K, or that is otherwise furnished under applicable Commission rules rather than filed, or (ii) any exhibits to the extent furnished in connection with such items.
Item 8. | Exhibits |
The following exhibits are filed as part of this Registration Statement:
4.1 | Certificate of Incorporation, as amended (incorporated herein by reference to Exhibit 3(a) to the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 1988)(p) | |
4.2 | Amended and Restated By-Laws (incorporated herein by reference to Exhibit 3.1 to the Registrants Current Report on Form 8-K, filed May 19, 2017) | |
4.3 | Lawson Products, Inc. 2009 Equity Compensation Plan (incorporated herein by reference to Appendix A to the Registrants Definitive Proxy Statement on Schedule 14A, filed March 27, 2019) | |
4.4 | Amendment of Lawson Products, Inc. 2009 Equity Compensation Plan, (incorporated herein by reference to Exhibit 10.2 of the Registrants Current Report on Form 8-K filed May 3, 2019) | |
5.1 | Opinion of Jenner & Block LLP* | |
23.1 | Consent of BDO USA, LLP* | |
23.2 | Consent of Jenner & Block LLP (included in the opinion filed as Exhibit 5.1) | |
24 | Powers of Attorney (included on the signature pages hereto) |
* | Filed herewith |
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 Chicago, State of Illinois on this May 22, 2019.
LAWSON PRODUCTS, INC. | ||
By: | /s/ Ronald J. Knutson | |
Ronald J. Knutson | ||
Executive Vice President and Chief Financial Officer |
POWER OF ATTORNEY
Each person whose individual signature appears below hereby authorizes Ronald J. Knutson and Neil Jenkins, and each of them, with full power of substitution and full power to act without the other, as his or her true and lawful attorney-in-fact and agent to act for him or her in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file this Registration Statement, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same 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-facts and agents, or any of them, 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 has been signed by the following persons in the capacities indicated on May 22, 2019.
Signature | Title | |
/s/ Michael G. DeCata |
President and Chief Executive Officer and Director (Principal Executive Officer) | |
Michael G. DeCata | ||
/s/ Ronald J. Knutson |
Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | |
Ronald J. Knutson | ||
/s/ Andrew B. Albert |
Director | |
Andrew B. Albert | ||
/s/ I. Steven Edelson |
Director | |
I. Steven Edelson | ||
/s/ Charles D. Hale |
Director | |
Charles D. Hale | ||
/s/ Lee S. Hillman |
Director | |
Lee S. Hillman | ||
/s/ J. Bryan King |
Director | |
J. Bryan King | ||
/s/ Mark F. Moon |
Director | |
Mark F. Moon |
Exhibit 5.1
CHICAGO LONDON LOS ANGELES NEW YORK WASHINGTON, DC |
May 22, 2019
Lawson Products, Inc.
8770 W. Bryn Mawr Avenue, Suite 900
Chicago, Illinois 60631
Re: Registration of Securities on Form S-8
Ladies and Gentlemen:
We have acted as special counsel to Lawson Products, Inc. (the Company) in connection with the Registration Statement on Form S-8 (the Registration Statement) being filed under the Securities Act of 1933, as amended (the Act), on or about the date of this letter to register 250,000 shares of common stock, $1.00 par value per share (the Shares), of the Company pursuant to the Lawson Products, Inc. 2009 Equity Compensation Plan (as amended, the Plan).
We are familiar with the Registration Statement and the exhibits thereto. We have also examined originals or copies, certified or otherwise, of such other documents, certificates, evidence of corporate action and instruments, as we have deemed necessary or advisable for the purpose of rendering this opinion, including (i) the corporate and organizational documents of the Company, including the by-laws and the certificate of incorporation of the Company; (ii) the Plan; and (iii) minutes or other records of the corporate proceedings of the Company with respect to the Plan and registration and issuance of the Shares.
For purposes of this opinion, we have assumed the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity of the originals of all documents submitted to us as copies. We have also assumed the legal capacity of all natural persons, the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company. We have not independently established or verified any facts relevant to the opinion expressed herein, but have relied upon (i) statements and representations of officers and other representatives of the Company and others as to factual matters material to this opinion and (ii) factual information we have obtained from such other sources as we have deemed reasonable.
Based upon and subject to the foregoing qualifications, assumptions and limitations and the further limitations set forth below, it is our opinion that the Shares covered by the Registration Statement have been duly authorized and, when issued and delivered in accordance with the Plan and the applicable award agreements, will be validly issued, fully paid and nonassessable.
Our opinion expressed above is based exclusively on the General Corporation Law of the State of Delaware (including the statutory provisions, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting the foregoing).
Our advice on any legal issue addressed in this letter represents our opinion as to how that issue would be resolved were it to be considered by the highest court in the jurisdiction which enacted such law. The manner in which any particular issue would be treated in any actual court case would depend in part on facts and circumstances particular to the case, and this letter is not intended to guarantee the outcome of any legal dispute which may arise in the future.
We hereby consent to the use of our name in the Registration Statement and to filing of this opinion with the Securities and Exchange Commission (the Commission) as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission.
353 NORTH CLARK STREET CHICAGO ILLINOIS 60654-3456 |
WWW.JENNER.COM |
Lawson Products, Inc.
Page 2
May 22, 2019
We do not find it necessary for the purposes of this opinion, and accordingly we do not purport to cover herein, the application of the securities or Blue Sky laws of the various states to the issuance and sale of the Shares. This opinion is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein. We assume no obligation to revise or supplement this opinion should the General Corporation Law of the State of Delaware be changed by legislative action, judicial decision or otherwise.
Very truly yours, |
/s/ Jenner & Block LLP |
Jenner & Block LLP |
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
Lawson Products, Inc.
Chicago, Illinois
We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 of our reports dated March 4, 2019, relating to the consolidated financial statements, the effectiveness of Lawson Products Inc.s internal control over financial reporting, and schedule of Lawson Products, Inc. appearing in the Companys Annual Report on Form 10-K for the year ended December 31, 2018.
/s/ BDO USA, LLP
Chicago, Illinois
May 22, 2019