As filed with the Securities and Exchange Commission on November 12, 2013
Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
The Advisory Board Company
(Exact name of registrant as specified in its charter)
| Delaware | 52-1468699 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 2445 M Street, NW Washington, D.C. |
20037 | |
| (Address of Principal Executive Offices) | (Zip Code) |
The Advisory Board Company Amended and Restated 2009 Stock Incentive Plan
(Full title of the plan)
Michael T. Kirshbaum
Chief Financial Officer
The Advisory Board Company
2445 M Street, NW
Washington, D.C. 20037
(Name and address of agent for service)
(202) 266-5600
(Telephone number, including area code, of agent for service)
Copies to:
Evan R. Farber
General Counsel and Corporate Secretary
The Advisory Board Company
2445 M Street, NW
Washington, D.C. 20037
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | x | Accelerated filer | ¨ | |||
| Non-accelerated filer | ¨ (Do not check if a smaller reporting company) | Smaller reporting company | ¨ | |||
CALCULATION OF REGISTRATION FEE
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| Title of securities to be registered | Amount to be registered(1) |
Proposed maximum offering price per share(2) |
Proposed maximum aggregate offering price(2) |
Amount of registration fee | ||||
| Common Stock, $0.01 par value |
2,125,000 | $60.78 | $129,157,500 | $16,636 | ||||
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| (1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement covers, in addition to the number of shares of Common Stock, $0.01 par value, of the registrant shown in the table above, an indeterminate number of shares of Common Stock which, by reason of changes in the capitalization of the registrant and other events specified in The Advisory Board Company Amended and Restated 2009 Stock Incentive Plan, may become subject to such plan. |
| (2) | Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act, solely for purposes of calculating the registration fee, based on the average of the high and low prices per share of the Common Stock on November 7, 2013, as reported by the NASDAQ Global Select Market. |
EXPLANATORY NOTE
In accordance with General Instruction E to Form S-8, this registration statement incorporates by reference the contents of Registration Statement No. 333-162032 on Form S-8 filed by The Advisory Board Company (the “Company”) on September 21, 2009, relating to shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), issuable pursuant to The Advisory Board Company 2009 Stock Incentive Plan (as amended and restated, the “Stock Incentive Plan”), and Registration Statement No. 333-177006 on Form S-8 filed by the Company on September 26, 2011, relating to the registration of an additional 1,250,000 shares of Common Stock for issuance pursuant to the Stock Incentive Plan. This registration statement, which is being filed to register an additional 2,125,000 shares of Common Stock for issuance pursuant to the Stock Incentive Plan, consists of the facing page, this page, other required information, and required opinions, consents and other exhibits.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
| Item 3. | Incorporation of Documents by Reference. |
The Company incorporates by reference herein the following documents filed by it with the Securities and Exchange Commission (the “SEC”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), excluding any information furnished under Item 2.02 or 7.01 of any Current Report on Form 8-K, any furnished exhibit related to such information, and any other information that is furnished and not filed:
| (1) | the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013; |
| (2) | the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013 and the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013; |
| (3) | the Company’s Current Reports on Form 8-K filed with the SEC on April 8, 2013, May 9, 2013 (solely with respect to Item 8.01 thereunder), and September 10, 2013; and |
| (4) | the description of Company’s Common Stock contained in its registration statement on Form 8-A under the Exchange Act filed with the SEC on October 30, 2001, including any amendment or report filed for the purpose of updating such description. |
In addition, the Company incorporates by reference all documents filed by it pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information furnished under Item 2.02 or 7.01 of any Current Report on Form 8-K, any furnished exhibit related to such information, and any other information that is furnished and not filed, unless specifically incorporated by reference in this registration statement) subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold. All such incorporated documents shall be deemed to be a part of this registration statement from the date of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference into this registration statement shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in this registration statement or in any other subsequently filed document which also is or is deemed to be incorporated into this registration statement modifies or supersedes that statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
| Item 5. | Interests of Named Experts and Counsel. |
The legality of the shares of Common Stock being offered by this registration statement has been passed upon by Evan R. Farber, the Company’s General Counsel and Corporate Secretary. As of November 12, 2013, Mr. Farber beneficially owned 2,828 shares of Common Stock, including 2,828 shares issuable upon the exercise of stock options that are exercisable as of or within 60 days after such date, and holds options to purchase an additional 32,952 shares of Common Stock and 14,406 restricted stock units that do not vest as of or within 60 days after such date.
| Item 8. | Exhibits. |
The Company herewith files or incorporates by reference the exhibits identified below:
| Exhibit |
Description | |
| 4.1 | Restated Certificate of Incorporation of the Company. Incorporated by reference to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. | |
| 4.2 | Amended and Restated Bylaws of the Company. Incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed with the SEC on November 14, 2007. | |
| 4.3 | Form of Common Stock Certificate. Incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-1/A filed with the SEC on October 29, 2001. | |
| 4.4 | The Advisory Board Company Amended and Restated 2009 Stock Incentive Plan. Incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement filed on Schedule 14A with the SEC on July 26, 2013. | |
| 5.1* | Opinion of Evan R. Farber, General Counsel of the Company, regarding the validity of the securities registered hereby. | |
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| Exhibit |
Description | |
| 23.1* | Consent of Evan R. Farber (contained in Exhibit 5.1). | |
| 23.2* | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm, regarding the financial statements of the Company. | |
| 24.1* | Power of Attorney (included on the signature page of this registration statement). | |
| * | Filed herewith. |
| 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;
(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)(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 15(d) of the Securities Exchange Act of 1934 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.
(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 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.
(h) 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.
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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 Washington, District of Columbia, on this 12th day of November, 2013.
| THE ADVISORY BOARD COMPANY | ||||
| By: | /s/ Robert W. Musslewhite | |||
| Name: | Robert W. Musslewhite | |||
| Title: | Chief Executive Officer and Director (Duly Authorized Officer) | |||
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Robert W. Musslewhite, Michael T. Kirshbaum and Evan R. Farber, and each of them, as such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, from such person and in each person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement or any registration statement relating to this registration statement under Rule 462 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, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done 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 or any of them, or his, her or their 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 by the following persons in the capacities indicated and on the date indicated.
| Name |
Title |
Date | ||
| /s/ Robert W. Musslewhite Robert W. Musslewhite |
Chief Executive Officer and Chairman of the Board (Principal Executive Officer) | November 12, 2013 | ||
| /s/ Michael T. Kirshbaum Michael T. Kirshbaum |
Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer) | November 12, 2013 | ||
| /s/ Frank J. Williams Frank J. Williams |
Vice Chairman | November 12, 2013 | ||
| /s/ Sanju K. Bansal Sanju K. Bansal |
Director | November 12, 2013 | ||
| /s/ David L. Felsenthal David L. Felsenthal |
Director | November 12, 2013 | ||
| /s/ Peter J. Grua Peter J. Grua |
Director | November 12, 2013 | ||
| /s/ Nancy Killefer Nancy Killefer |
Director | November 12, 2013 | ||
3
| Name |
Title |
Date | ||
| /s/ Kelt Kindick Kelt Kindick |
Lead Director | November 12, 2013 | ||
| /s/ Mark R. Neaman Mark R. Neaman |
Director | November 12, 2013 | ||
| /s/ Leon D. Shapiro Leon D. Shapiro |
Director | November 12, 2013 | ||
| /s/ LeAnne M. Zumwalt LeAnne M. Zumwalt |
Director | November 12, 2013 | ||
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EXHIBIT INDEX
| Exhibit |
Description | |
| 4.1 | Restated Certificate of Incorporation of the Company. Incorporated by reference to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. | |
| 4.2 | Amended and Restated Bylaws of the Company. Incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed with the SEC on November 14, 2007. | |
| 4.3 | Form of Common Stock Certificate. Incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-1/A filed with the SEC on October 29, 2001. | |
| 4.4 | The Advisory Board Company Amended and Restated 2009 Stock Incentive Plan. Incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement filed on Schedule 14A with the SEC on July 26, 2013. | |
| 5.1* | Opinion of Evan R. Farber, General Counsel of the Company, regarding the validity of the securities registered hereby. | |
| 23.1* | Consent of Evan R. Farber (contained in Exhibit 5.1). | |
| 23.2* | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm, regarding the financial statement of the Company. | |
| 24.1* | Power of Attorney (included on the signature page of this registration statement). | |
| * | Filed herewith. |