As filed with the Securities and Exchange Commission on August 3, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
ZIMVIE INC.
(Exact name of registrant as specified in its charter)
Delaware | 87-2007795 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
10225 Westmoor Drive
Westminster, CO 80021
(Address of Principal Executive Offices) (Zip Code)
ZIMVIE INC. 2022 STOCK INCENTIVE PLAN
(Full title of the plan)
Heather J. Kidwell
Senior Vice President, Chief Legal, Compliance, and Human Resources Officer and Corporate Secretary
ZimVie Inc.
10225 Westmoor Drive
Westminster, Colorado 80021
(Name and address of agent for service)
(303) 443-7500
(Telephone number, including area code, of agent for service)
Copy to:
Christine G. Long
Faegre Drinker Biddle & Reath LLP
600 East 96th Street, Suite 600
Indianapolis, Indiana 46240
(317) 569-4887
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. ☐
STATEMENT PURSUANT TO GENERAL INSTRUCTION E
OF FORM S-8 REGISTRATION OF ADDITIONAL SECURITIES
ZimVie Inc. (the Registrant) filed a Registration Statement on Form S-8 (File No. 333-263069) with the Securities and Exchange Commission (the Commission) on February 28, 2022 (the Initial Registration Statement), which registered shares of the Registrants common stock, par value $0.01 per share (Common Stock), available for issuance under certain equity compensation plans of the Registrant, including the ZimVie Inc. 2022 Stock Incentive Plan, as amended (the 2022 Stock Incentive Plan). Pursuant to General Instruction E to Form S-8, the contents of the Initial Registration Statement are incorporated herein by reference.
The Registrant has filed this Registration Statement on Form S-8 (this Registration Statement) to register 3,000,000 additional shares of Common Stock under the 2022 Stock Incentive Plan, which shares represent an increase in the number of shares available for issuance under the 2022 Stock Incentive Plan that was approved by the Companys stockholders on May 12, 2023 (the Additional Shares).
This Registration Statement is hereby filed to reflect that, following the date hereof, the Additional Shares may be issued and are registered under the 2022 Stock Incentive Plan.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed by the Registrant with the Commission, are incorporated herein by reference:
| the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2022; |
| the information specifically incorporated by reference into the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2022 from its Definitive Proxy Statement on Schedule 14A filed with the Commission on March 28, 2023; |
| the Registrants Quarterly Report on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023; |
| the Registrants Current Reports on Form 8-K filed on February 22, 2023 and May 18, 2023; and |
| the description of the Registrants Common Stock contained in the Information Statement filed as Exhibit 99.1 to the Registrants Registration Statement on Form 10 filed with the Commission on February 2, 2022, as updated by the description contained in Exhibit 4.1 to the Registrants Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 31, 2022, as well as any amendment or report filed for the purpose of updating such description. |
In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), after the date of this Registration Statement (other than any such documents or portions thereof which are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items) and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents.
Any statement contained herein or 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.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 102(b)(7) of the Delaware General Corporation Law (the DGCL) permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the directors duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the
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DGCL, relating to unlawful payment of dividends or unlawful stock purchases or redemptions, or (iv) for any transaction from which the director derived an improper personal benefit. The Registrants amended and restated certificate of incorporation (the Amended and Restated Certificate of Incorporation) contains such a provision. Any amendment to or repeal of such provision will not eliminate or reduce any right or protection of a director of the Registrant in respect of any matter occurring, or any cause of action, suit or claim that, but for such provision, would accrue or arise, prior to such amendment or repeal.
Section 145 of the DGCL provides that a corporation may indemnify any current or former director, officer, employee or agent of the corporation, or any individual serving at the corporations request as a director, officer, employee or agent of another organization, who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a Proceeding) (other than an action by or in the right of the corporationa derivative action), against expenses (including attorneys fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such Proceeding, if such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys fees) incurred in connection with the defense or settlement of such actions, and the statute requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other indemnification that may be granted by any by-law, agreement, vote of stockholders or disinterested directors or otherwise.
The Amended and Restated Certificate of Incorporation provides that each person who was or is made a party or is threatened to be made a party to or is involved in any Proceeding, by reason of the fact that such person, or a person of whom such person is the legal representative, is or was a director or officer of the Registrant or, while a director or officer of the Registrant, is or was serving at the request of the Registrant as a director, officer, employee or agent of another organization, including service with respect to employee benefit plans, will be indemnified and held harmless by the Registrant to the fullest extent authorized by the DGCL, as the same exists or may thereafter be amended to provide broader indemnification rights than authorized prior to such amendment. The Registrant will indemnify such persons against all expense, liability and loss (including attorneys fees, judgments, fines and amounts paid in settlement, and excise taxes or penalties arising under the Employee Retirement Income Security Act of 1974, as in effect from time to time) reasonably incurred or suffered by such person in connection therewith if the following standards are met:
| such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the Registrants best interests; and |
| with respect to any criminal action or proceeding, such person had no reasonable cause to believe his or her conduct was unlawful. |
Section 145 of the DGCL also permits a corporation to pay expenses of defense incurred by a director or officer in defending a Proceeding in advance of the final disposition of such Proceeding upon receipt (in the case of a current director or officer) of an undertaking to repay any amounts advanced if it is ultimately determined that such director or officer is not entitled to be indemnified by the corporation. The Amended and Restated Certificate of Incorporation contains such a provision.
Such rights are not exclusive of any other right which any person may have or thereafter acquire under any statute, any provision of the Amended and Restated Certificate of Incorporation or the Registrants amended and restated bylaws (the Amended and Restated Bylaws), or any vote of stockholders or disinterested directors or otherwise. The Amended and Restated Certificate of Incorporation also specifically authorizes the Registrant to maintain insurance and to grant similar indemnification rights, and rights to have the Registrant pay the expenses incurred in defending any Proceeding in advance of its final disposition, to its employees or agents.
The Registrant has entered into indemnification agreements with each of its directors and officers that provide the Registrants directors and officers with further indemnification and advancement of expenses, to the maximum extent permitted by law.
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In addition, the Registrant has a directors and officers liability policy that insures against certain liabilities, including liabilities under the Securities Act, subject to applicable retentions.
The foregoing descriptions of certain provisions of the DGCL and the Amended and Restated Certificate of Incorporation and the Amended and Restated Bylaws, which are filed as Exhibits 4.1 and 4.2, respectively, to this Registration Statement, and the arrangements referred to above, do not purport to be complete and are qualified in their entirety by reference thereto.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
See the Exhibit Index immediately preceding the signature page hereto, which is incorporated herein by reference.
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. |
(ii) | To reflect in the prospectus any facts or events arising after the effective date of this 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 this 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 this Registration Statement or any material change to such information in this 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 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 this 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. |
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(B) | The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, 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 this 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 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. |
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EXHIBIT INDEX
* | Filed herewith |
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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 Westminster, State of Colorado, on August 3, 2023.
ZIMVIE INC. | ||
By: | /s/ Vafa Jamali | |
Vafa Jamali | ||
President and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in their respective capacities and on the respective dates indicated opposite their names. Each person whose signature appears below hereby authorizes each of Vafa Jamali and Heather Kidwell, each with full power of substitution, to execute in the name and on behalf of such person any amendment (including any post-effective amendment) to this Registration Statement and to file the same, with exhibits thereto, and other documents in connection therewith, making such changes in this Registration Statement as the Registrant deems appropriate, and appoints each of Vafa Jamali and Heather Kidwell, each with full power of substitution, attorney-in-fact to sign any amendment (including any post-effective amendment) to this Registration Statement and to file the same, with exhibits thereto, and other documents in connection therewith.
Signature |
Title |
Date | ||
/s/ Vafa Jamali Vafa Jamali |
President, Chief Executive Officer and Director (Principal Executive Officer) | August 3, 2023 | ||
/s/ Richard Heppenstall |
Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer) |
August 3, 2023 | ||
Richard Heppenstall | ||||
/s/ Sandra Schneider Sandra Schneider |
Chief Accounting Officer (Principal Accounting Officer) | August 3, 2023 | ||
/s/ Vinit Asar Vinit Asar |
Director | August 3, 2023 | ||
/s/ Sally Crawford Sally Crawford |
Director | August 3, 2023 | ||
/s/ David King David King |
Director | August 3, 2023 | ||
/s/ Richard Kuntz, M.D. |
Director | August 3, 2023 | ||
Richard Kuntz, M.D. | ||||
/s/ Karen Matusinec Karen Matusinec |
Director | August 3, 2023 |
Exhibit 5.1
Faegre Drinker Biddle & Reath LLP
600 East 96th Street, Suite 600
Indianapolis, Indiana 46240
+1 317 569 9600 main
+1 317 569 4800 fax
August 3, 2023
ZimVie Inc.
10225 Westmoor Drive
Westminster, Colorado 80021
Re: ZimVie Inc. Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel to ZimVie Inc., a Delaware corporation (the Company), in connection with the preparation and filing with the Securities and Exchange Commission (the Commission) of the Companys Registration Statement on Form S-8 (the Registration Statement) under the Securities Act of 1933, as amended (the Act), registering the offer and sale of up to 3,000,000 additional shares of the Companys common stock, par value $0.01 per share (the Shares), pursuant to the ZimVie Inc. 2022 Stock Incentive Plan, as amended (the Plan).
For purposes of this opinion letter, we have examined the Plan, the Registration Statement, the Companys Amended and Restated Certificate of Incorporation, as currently in effect, the Companys Amended and Restated Bylaws, as currently in effect, and the resolutions of the Companys board of directors authorizing the issuance of the Shares. We have also examined a certificate of the Secretary of the Company dated the date hereof (the Certificate) and originals, or copies certified or otherwise authenticated to our satisfaction, of such corporate and other records, agreements, instruments, certificates of public officials and documents as we have deemed necessary as a basis for the opinions hereinafter expressed and have made such examination of law as we have deemed relevant and necessary in connection with the opinions hereinafter expressed. As to facts material to this opinion letter, we have relied upon certificates, statements or representations of public officials, of officers and representatives of the Company (including the Certificate) and of others, without any independent verification thereof.
In our examination, we have assumed: (i) the legal capacity of all natural persons; (ii) the genuineness of all signatures, including electronic signatures; (iii) the authenticity of all documents submitted to us as originals; (iv) the conformity to original documents of all documents submitted to us as certified, conformed, photostatic or facsimile copies; (v) the authenticity of the originals of such latter documents; (vi) the truth, accuracy and completeness of the information, representations and warranties contained in the agreements, documents, instruments, certificates and records we have reviewed; and (vii) the absence of any undisclosed modifications to the agreements and instruments reviewed by us.
Based upon and subject to the foregoing and to the other qualifications, assumptions and limitations set forth herein, we are of the opinion that all necessary corporate action on the part of the Company has been taken to authorize the issuance and sale of the Shares to be issued in accordance with the Plan and that, when (a) the Shares have been issued and sold as contemplated in the Registration Statement and related prospectus and in accordance with the Plan and any applicable award agreement, and (b) where applicable, the consideration for the Shares specified in the Plan and any applicable award agreement has been received by the Company, the Shares will be validly issued, fully paid and nonassessable.
We do not express any opinion herein with respect to the laws of any jurisdiction other than, subject to the limitations and assumptions contained herein, the General Corporation Law of the State of Delaware.
This opinion letter speaks only as of the date the Registration Statement becomes effective under the Act, and we assume no obligation to revise or supplement this opinion letter thereafter. This opinion letter is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein.
We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Very truly yours, | ||
FAEGRE DRINKER BIDDLE & REATH LLP | ||
By: | /s/ Christine G. Long | |
Christine G. Long, Partner |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of ZimVie Inc. of our report dated March 1, 2023 relating to the financial statements, which appears in ZimVie Inc.s Annual Report on Form 10-K for the year ended December 31, 2022.
/s/ PricewaterhouseCoopers LLP |
Denver, Colorado |
August 3, 2023 |
Exhibit 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
ZimVie Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type | Security Class Title |
Fee Rule |
Amount Registered (1) |
Proposed Offering Unit (2) |
Maximum Aggregate Offering Price (2) |
Fee Rate |
Amount of Registration | |||||||
Equity | Common Stock, $0.01 par value per share, to be issued pursuant to the ZimVie Inc. 2022 Stock Incentive Plan |
Other(2) | 3,000,000 | $12.795 | $38,385,000.00 | 0.00011020 | $4,230.03 | |||||||
Total Offering Amounts | | $38,385,000.00 | | $4,230.03 | ||||||||||
Total Fee Offsets | | | | | ||||||||||
Net Fee Due | | | | $4,230.03 |
(1) | This registration statement covers shares of common stock, par value $0.01 per share (Common Stock), of ZimVie Inc. (the Registrant) authorized for issuance under the ZimVie Inc. 2022 Stock Incentive Plan, as amended (the Plan) and, pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), any additional shares of Common Stock of the Registrant as may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions in accordance with the anti-dilution provisions of the Plan. |
(2) | The proposed maximum offering price per unit, the maximum aggregate offering price and the amount of registration fee are estimated solely for the purpose of calculating the registration fee and are computed in accordance with Rule 457(c) and (h) under the Securities Act using the average of the high and low prices of shares of Common Stock as reported by the Nasdaq Global Select Market on July 28, 2023. |