Cohu, Inc.
As filed with the Securities and Exchange Commission on May 3, 2007
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Cohu, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation or organization)
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95-1934119
(I.R.S. Employer Identification No.) |
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12367 Crosthwaite Circle, Poway, California
(Address Of Principal Executive Offices)
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92064
(Zip Code) |
Cohu, Inc. 1997 Employee Stock Purchase Plan
(Full title of the plan)
John H. Allen
Vice President, Finance and Chief Financial Officer
Cohu, Inc.
12367 Crosthwaite Circle, Poway, California 92064
(Name and address of agent for service)
(858) 848-8100
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Proposed maximum |
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Proposed maximum |
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Title of securities to |
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Amount to be |
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offering price per |
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aggregate offering |
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Amount of |
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be registered(1) |
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registered(1) |
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share(2) |
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price(2) |
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registration fee(2) |
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Common Stock,
par value $1.00 |
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400,000 |
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$17.65 |
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$7,060,000.00 |
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$ |
216.74 |
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(1) |
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Pursuant to Rule 416(a), this registration
statement also covers any additional securities that may be offered or issued
as a result of stock splits, stock dividends or similar transactions. |
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(2) |
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Estimated solely for the purpose of determining the
registration fee and calculated pursuant to Rule 457(c) and 457(h) (1) of the
Securities Act of 1933. The maximum offering price per share is based upon 85%
of the average of the high and low selling prices per share of Cohu, Inc.
Common Stock on May 1, 2007, as reported on the Nasdaq Global Select Market. |
TABLE OF CONTENTS
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Cohu, Inc. (the Company) hereby incorporates by reference in this registration statement the
following documents:
(a) The Companys latest annual report on Form 10-K filed on February 15, 2007 pursuant to
Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act),
containing audited financial statements for the Companys fiscal year ended December 30, 2006.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
end of the fiscal year covered by the document referred to in (a) above.
(c) The description of the Companys Common Stock contained in the Companys Registration
Statement on Form 8-A/A filed on December 12, 2006 under the Exchange Act, including any amendment
or report filed for the purpose of updating such description.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration
statement which indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be 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 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
Delaware law authorizes corporations to eliminate the personal liability of directors to
corporations and their stockholders for monetary damages for breach or alleged breach of the
directors duty of care. While the relevant statute does not change directors duty of care, it
enables corporations to limit available relief to equitable remedies such as injunction or
rescission. The statute has no effect on directors duty of loyalty, acts or omissions not in good
faith or involving intentional misconduct or knowing violations of law, illegal payment of
dividends and approval of any transaction from which a director derives an improper personal
benefit.
The Company has adopted provisions in its Amended and Restated Certificate of Incorporation
which eliminate the personal liability of its directors to the Company and its stockholders for
monetary damages for breach or alleged breach of their duty of care. The Bylaws of the Company
provide for
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indemnification of its directors, officers, employees and agents to the fullest extent permitted by
the General Corporation Law of the State of Delaware, the Companys state of incorporation,
including those circumstances in which indemnification would otherwise be discretionary under
Delaware Law. Section 145 of the General Corporation Law of the State of Delaware provides for
indemnification in terms sufficiently broad to indemnify such individuals, under certain
circumstances, for liabilities (including reimbursement of expenses incurred) arising under the
Securities Act of 1933.
Item 7. Exemption From Registration Claimed
Not applicable.
Item 8. Exhibits
See Exhibit Index
Item 9. Undertakings
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers of 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;
(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% 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)(l)(ii) do not apply if the
registration statement is on Form S-8, and 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 of 1933, 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.
(4) That, for the purpose of determining liability of the registrant under the Securities Act
of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant
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undertakes that in a primary offering of securities of the undersigned registrant pursuant to this
registration statement, regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the
offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the
undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing
material information about the undersigned registrant or its securities provided by or on behalf of
the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned
registrant to the purchaser.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, 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 of 1933 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 Exchange 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 Exchange 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 Poway, State of California, on May 1, 2007.
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COHU, INC.
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By: |
/s/ James A. Donahue
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James A. Donahue |
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President and Chief Executive Officer |
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POWER OF ATTORNEY
The officers and directors of Cohu, Inc. whose signatures appear below, hereby constitute and
appoint James A. Donahue and John H. Allen, and each of them, their true and lawful attorneys and
agents, with full power of substitution, each with power to act alone, to sign and execute on
behalf of the undersigned any amendment or amendments to this registration statement on Form S-8,
and each of the undersigned does hereby ratify and confirm all that each of said attorney and
agent, or their, her or his substitutes, shall 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 by the following persons in the capacities and on the dates indicated.
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Signature |
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Date |
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/s/ Charles A. Schwan
Charles A. Schwan
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Chairman of the Board, Director
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May 1, 2007 |
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/s/ James A. Donahue
James A. Donahue
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President, Chief Executive Officer and Director (Principal
Executive Officer)
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May 1, 2007 |
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/s/ John H. Allen
John H. Allen
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Vice President, Finance and Chief Financial Officer,
(Principal
Financial and Accounting Officer)
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May 1, 2007 |
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/s/ James W. Barnes
James W. Barnes
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Director
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May 1, 2007 |
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/s/ Harry L. Casari
Harry L. Casari
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Director
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May 1, 2007 |
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/s/ Robert L. Ciardella
Robert L. Ciardella
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Director
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May 1, 2007 |
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/s/ Harold Harrigian
Harold Harrigian
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Director
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May 1, 2007 |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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4.1
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Amended and Restated Certificate of Incorporation of Cohu, Inc. incorporated herein by
reference to Exhibit 3.1(a) from the Cohu, Inc. Form 10-Q for the quarterly period ended
June 30, 1999. |
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4.1(a)
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Certificate of Amendment of Amended and Restated Certificate of Incorporation of Cohu,
Inc. incorporated herein by reference from the Cohu, Inc. Form S-8 filed with the Securities
and Exchange Commission on June 30, 2000, Exhibit 4.1(a). |
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4.2
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Amended and Restated Bylaws of Cohu, Inc. incorporated herein by reference to Exhibit 3.2
from the Cohu, Inc. Report on Form 8-K filed with the Securities and Exchange Commission on
December 12, 1996. |
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4.3
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Amended and Restated Rights Agreement dated November 10, 2006, between Cohu, Inc. and
Mellon Investor Services, LLC, as Amended and Restated Rights agent, incorporated herein by
reference from the Cohu, Inc. Report on Form 8-K filed with the Securities and Exchange
Commission on November 13, 2006, Exhibit 99.1. |
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5.1
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Opinion re legality. |
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23.1
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Consent of Counsel (included in Exhibit 5.1). |
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23.2
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Consent of Independent Registered Public Accounting Firm. |
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Power of Attorney (included in signature page to this registration statement). |
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99.1
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Cohu, Inc. 1997 Employee Stock Purchase Plan, as amended, incorporated by reference from
the Cohu, Inc. Report on Form 8-K filed with the Securities and Exchange Commission on May
10, 2006, Exhibit 10.2*. |
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* |
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Management contract or compensatory plan or agreement |
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Exhibit 5.1
EXHIBIT 5.1
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DLA Piper US LLP |
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4365 Executive Drive, Suite 1100 |
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San Diego, California 92121-2133 |
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www.dlapiper.com |
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O 858.677.1400 |
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F 858.677.1401 |
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W www.dlapiper.com |
May 2, 2007
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
As legal counsel for Cohu, Inc., a Delaware corporation (the Company), we are rendering this
opinion in connection with the registration under the Securities Act of 1933, as amended, of up to
400,000 shares of the Common Stock, $1.00 par value (the Registration Statement), of the Company
which may be issued pursuant to the exercise of options and other awards granted under the Cohu,
Inc. 1997 Employee Stock Purchase Plan (the Plan).
We have examined all instruments, documents and records which we deemed relevant and necessary for
the basis of our opinion hereinafter expressed. In such examination, we have assumed the
genuineness of all signatures and the authenticity of all documents submitted to us as originals
and the conformity to the originals of all documents submitted to us as copies. We express no
opinion concerning any law other than the law of the State of California, the corporation laws of
the State of Delaware and the federal law of the United States. As to matters of Delaware
corporation law, we have based our opinion solely upon our examination of such laws and the rules
and regulations of the authorities administering such laws, all as reported in standard, unofficial
compilations. We have not obtained opinions of counsel licensed to practice in jurisdictions other
than the State of California.
Based on such examination, we are of the opinion that the 400,000 shares of Common Stock which may
be issued under the Plan are duly authorized shares of the Companys Common Stock, and, when issued
against receipt of the consideration therefor in accordance with the provisions of the Plan, will
be validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion
as an exhibit to the Registration Statement referred to above and the use of our name wherever it
appears in said Registration Statement.
Very truly yours,
/s/ DLA Piper US LLP
DLA Piper US LLP
Exhibit 23.2
EXHIBIT 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to
the Cohu, Inc. 1997 Employee Stock Purchase Plan of our reports dated February 7, 2007, with
respect to the consolidated financial statements and schedule of Cohu, Inc., Cohu, Inc.
managements assessment of the effectiveness of internal control over financial reporting, and the
effectiveness of internal control over financial reporting of Cohu, Inc., included in its Annual
Report (Form 10-K) for the year ended December 30, 2006, filed with the Securities and Exchange
Commission.
/s/ ERNST & YOUNG LLP
San Diego, California
May 1, 2007