================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
-----------------------
VYTERIS HOLDINGS (NEVADA), INC.
(Exact name of registrant as specified in its charter)
NEVADA 84-1394211
(State or other jurisdiction (I.R.S. employer
of incorporation or organization) identification number)
13-01 Pollitt Drive
Fair Lawn, New Jersey 07410
(Address of
principal executive offices)
2005 STOCK OPTION PLAN
(Full title of the plan)
Mr. Michael McGuinness
Chief Financial Officer
Vyteris Holdings (Nevada), Inc.
13-01 Pollitt Drive
Fair Lawn, New Jersey 07410
201-703-2299
(Name, address and telephone number
of agent for service)
with a copy to
Peter H. Ehrenberg, Esq.
Anthony O. Pergola, Esq.
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, New Jersey 07068
(973) 597-2500
------------------------
CALCULATION OF REGISTRATION FEE
========================== ====================== ======================= ======================= =====================
Proposed Proposed
Title of Securities Amount to be Maximum Offering Maximum Aggregate Amount of
to be Registered Registered Price per Share (2) Offering Price (2) Registration Fee
- -------------------------- ---------------------- ----------------------- ----------------------- ---------------------
Common Stock, par value
$.001 per share (1) 2,901,902 shares (1) $1.90 $5,513,614 $650
========================== ====================== ======================= ======================= =====================
(1) Plus such additional shares of Common Stock as may be issuable from time
to time pursuant to the anti-dilution provisions of the plans.
(2) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) and (h) of the Securities Act of 1933 on the basis of
the average of the high bid and low asked price for a share of Common Stock on
the over-the-counter market as of a date within five days of the filing of this
registration statement.
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows us to "incorporate" into this Registration Statement
information we file with it in other documents. This means that we can disclose
important information to you by referring to other documents that contain that
information. The information incorporated by reference is considered to be part
of this Registration Statement, and information we file later with the SEC will
automatically update and supersede this information. We incorporate by reference
the documents listed below, except to the extent information in those documents
is different from the information contained in this Registration Statement, and
all future documents filed with the SEC under Sections 13(a), 13(c), 14 or 15(d)
of the Securities Exchange Act of 1934 until we terminate the offering of these
shares:
(a) our Annual Report on Form 10-KSB/A for the year ended
December 31, 2004, as amended on May 2, 2005;
(b) our Quarterly Report on Form 10-QSB for the quarter
ended March 31, 2005;
(c) our Quarterly Report on Form 10-QSB for the quarter
ended June 30, 2005;
(d) our proxy statement for our April 15, 2005 special
meeting of shareholders;
(e) the description of our Common Stock set forth in our
report on Form 10KSB/A filed by us with the SEC pursuant to Section 12(g) of the
Securities Exchange Act on March 17, 2005, as amended on May 2, 2005 and as
further modified by the above-mentioned proxy statement; and
(f) our Current Reports on Form 8-K filed on February 4,
2005 (as amended on February 7, 2005), February 25, 2005, April 26, 2005, May
17, 2005, June 1, 2005, June 8, 2005, June 24, 2005, July 18, 2005, July 21,
2005 and August 8, 2005.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable.
-2-
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Nevada Corporation Code grants to Vyteris Holdings the power to
indemnify the officers and directors of Vyteris Holdings, under certain
circumstances and subject to certain conditions and limitations as stated
therein, against all expenses and liabilities incurred by or imposed upon them
as a result of suits brought against them as such officers and directors if they
act in good faith and in a manner they reasonably believe to be in or not
opposed to the best interests of Vyteris Holdings and, with respect to any
criminal action or proceeding, have no reasonable cause to believe their conduct
was unlawful.
Article IX of the Vyteris Holdings Articles of Incorporation provides as
follows:
"To the fullest extent allowed by law, the directors and executive
officers of the Corporation shall be entitled to indemnification from the
Corporation for acts and omissions taking place in connection with their
activities in such capacities."
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
The Exhibits accompanying this Registration Statement are listed on the
accompanying Exhibit Index.
ITEM 9. UNDERTAKINGS
(a) The undersigned registrant hereby undertakes to file, during any
period in which offers or sales are being made, a post-effective amendment to
this registration statement 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.
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.
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.
-3-
(b) The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) 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 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 Act and will
be governed by the final adjudication of such issue.
-4-
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 Town of Fair Lawn, State of New Jersey, on this 7th day of
October, 2005.
VYTERIS HOLDINGS (NEVADA), INC.
By: /s/ Vincent De Caprio
----------------------
Vincent de Caprio
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 the
capacities indicated on this 7th day of October, 2005.
Name Capacity
- ---- --------
/s/ Vincent De Caprio President and Chief Executive Officer
- -----------------------
Vincent De Caprio
/s/ Donald F. Farley* Director
- -----------------------
Donald F. Farley
/s/ David DiGiacinto* Director
- -----------------------
David DiGiacinto
/s/ Patrick G. Lepore* Director
- -----------------------
Patrick G. LePore
/s/ Russell O. Potts * Director
- -----------------------
Russell O. Potts
/s/ Solomon Steiner* Director
- -----------------------
Solomon Steiner
/s/ Michael McGuinness Principal Accounting and Financial Officer
- -----------------------
Michael McGuinness
*By: /s/ Michael McGuinness
-----------------------
Attorney-in-fact
-5-
EXHIBIT INDEX
3.1 Articles of Incorporation (1)
3.2 By-laws, as amended (2)
5.1 Opinion of Hale Lane Peek Dennison and Howard
10.1 2005 Stock Option Plan (3)
10.2 Vyteris, Inc. 2001 Stock Option Plan (4)
23.1 Consent of Ernst & Young LLP
23.2 Consent of Hale Lane Peek Dennison and Howard is included in Exhibit
5.1.
24.1 Power of Attorney.
- -----------
(1) Incorporated by reference to Exhibit 3.1 to Amendment No. 6 to the
Registrant's Registration Statement on Form SB-2 (333-120411) filed May
11, 2005.
(2) Incorporated by reference to Exhibit 3.2 to the Registrant's
Registration Statement on Form SB-2 (333-120411) initially filed
November 12, 2004.
(3) Incorporated by reference to Exhibit 10.1 to the Registrant's Current
Report on Form 8-K dated April 26, 2005.
(4) Assumed by the Company upon consummation of the Merger transaction
contemplated by that certain Merger Agreement and Plan of Reorganization
dated as of July 8. 2004 by and among Treasure Mountain Holdings Inc.,
now know as Vyteris Holdings (Nevada), Inc., TMH Acquisition Corp and
Vyteris, Inc.
-6-