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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
CHORDIANT SOFTWARE, INC.
Exact name of Registrant as specified in its charter)
Delaware |
93-1051328 |
(State of incorporation) |
(I.R.S. Employer Identification No.) |
20400 Stevens Creek Blvd., Suite #400
Cupertino, CA 95014
(Address of principal executive offices)
1999 Employee Stock Purchase Plan
1999 Non-Employee Directors' Stock Option Plan
(Full title of the Plans)
Stephen Kelly
Chordiant Software, Inc.
President and Chief Executive Officer
20400 Stevens Creek Blvd., Suite #400
Cupertino, CA 95014
(408) 517-6100
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
Copies to:
Nancy H. Wojtas, Esq.
Cooley Godward LLP
3000 El Camino Real
Palo Alto, California 94036
(650) 843-5000
CALCULATION OF REGISTRATION FEE
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 (par value $0.001 per share) |
2,059,940 |
$3.87 |
$7,971,968 |
$644.93 |
TOTAL |
2,059,940 |
$644.93 |
(1) This Registration Statement shall cover any additional shares of Common Stock which become issuable under the Plan set forth herein by reason of any stock dividend, stock split, recapitalization or any other similar transaction without receipt of consideration which results in an increase in the number of shares of the Registrant's outstanding Common Stock.
(2) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h). The price per share and aggregate offering price are based upon the shares available for future grant or purchase under the Company's 1999 Employee Stock Purchase Plan or the 1999 Non-Employee Directors' Stock Option Plan and the average of the high and low prices of the Company's Common Stock on November 19, 2003, as reported on the Nasdaq National Market (pursuant to Rule 457(c) under the Act). The following chart illustrates the calculation of the registration fee:
Securities |
Number of Securities |
Offering Price Per Share |
Aggregate Offering Price |
Common Stock available for grant under the 1999 Employee Stock Purchase Plan |
1,999,940 |
$3.87 |
$7,739,768 |
Common Stock available for grant under the 1999 Non-Employee Directors' Stock Option Plan |
60,000 |
$3.87 |
$232,200 |
Total |
2,059,940 |
$7,971,968 |
|
Registration Fees |
$644.93 |
INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed by Chordiant Software, Inc., a Delaware corporation (the "Company" or the "Registrant") with the Securities and Exchange Commission (the "Commission") are incorporated by reference into this Registration Statement:
DESCRIPTION OF SECURITIES
Not applicable
INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable
INDEMNIFICATION OF DIRECTORS AND OFFICERS
Under Section 145 of the Delaware General Corporation Law, the Company has broad powers to indemnify its directors and officers against liabilities they may incur in such capacities, including liabilities under the Securities Act.
The Registrant's Amended and Restated Certificate of Incorporation and By-laws include provisions to (i) eliminate the personal liability of its directors for monetary damages resulting from breaches of their fiduciary duty to the extent permitted by Section 102(b)(7) of the General Corporation Law of Delaware (the "Delaware Law") and (ii) require the Registrant to indemnify its Directors and officers to the fullest extent permitted by Section 145 of the Delaware Law, including circumstances in which indemnification is otherwise discretionary. Pursuant to Section 145 of the Delaware Law, a corporation generally has the power to indemnify its present and former directors, officers, employees and agents against expenses incurred by them in connection with any suit to which they are or are threatened to be made, a party by reason of their serving in such positions so long as they acted in good faith and in a manner they reasonably believed to be in or not opposed to, the best interests of the corporation and with respect to any criminal action, they had no reasonable cause to believe their conduct was unlawful. The Registrant believes that these provisions are necessary to attract and retain qualified persons as Directors and officers. These provisions do not eliminate the Directors' duty of care, and, in appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware Law. In addition, each Director will continue to be subject to liability for breach of the Director's duty of loyalty to the Registrant, for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for acts or omissions that the Director believes to be contrary to the best interests of the Registrant or its stockholders, for any transaction from which the Director derived an improper personal benefit, for acts or omissions involving a reckless disregard for the Director's duty to the Registrant or its stockholders when the Director was aware or should have been aware of a risk of serious injury to the Registrant or its stockholders, for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the Director's duty to the Registrant or its stockholders, for improper transactions between the Director and the Registrant and for improper distributions to stockholders and loans to Directors and officers. The provision also does not affect a Director's responsibilities under any other law, such as the federal securities law or state or federal environmental laws.
The Registrant has entered into indemnity agreements with each of its Directors and executive officers that require the Registrant to indemnify such persons against expenses, judgments, fines, settlements and other amounts incurred (including expenses of a derivative action) in connection with any proceeding, whether actual or threatened, to which any such person may be made a party by reason of the fact that such person is or was a Director or an executive officer of the Registrant or any of its affiliated enterprises, provided that such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful. The indemnification agreements also set forth certain procedures that will apply in the event of a claim for indemnification thereunder.
The Registrant has an insurance policy covering the officers and Directors of the Registrant with respect to certain liabilities, including liabilities arising under the Securities Act or otherwise.
EXEMPTION FROM REGISTRATION CLAIMED
Not applicable
EXHIBITS
Exhibit Number |
|
4.1(1) |
Amended and Restated Certificate of Incorporation of Registrant |
4.2(1) |
Amended and Restated Bylaws of Registrant |
4.3(1) |
Specimen Stock Certificate |
4.4(1) |
1999 Non-Employee Directors' Stock Option Plan |
4.5(1) |
1999 Employee Stock Purchase Plan |
5.1 |
Opinion of Cooley Godward LLP. |
23.1 |
Consent of PricewaterhouseCoopers LLP |
23.3 |
Consent of Cooley Godward LLP (Reference is made to Exhibit 5.1) |
24.1 |
Power of Attorney (Reference is made to Signature Page) |
(1) Filed as an exhibit to the Form S-1 Registration Statement (No. 333-92187), as amended through the date hereof and incorporated herein by reference.
UNDERTAKINGS
Provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the issuer pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Cupertino, State of California, on November 20, 2003.
Chordiant Software, Inc.
By: /s/ Stephen Kelly
Stephen Kelly
President and Chief Executive Officer
POWER OF ATTORNEY
Know All Persons By These Presents, that each person whose signature appears below constitutes and appoints Stephen Kelly and Michael J. Shannahan, and each or any one of them, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his 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 the same, with all exhibits thereto, and other 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 in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes or substitute, 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 and on the dates indicated.
Signature |
Title |
Date |
/s/ Stephen Kelly Stephen Kelly |
Chief Executive Officer , President, Director (Principal Executive Officer) |
November 20, 2003 |
/s/ Samuel T. Spadafora Samuel T. Spadafora |
Chairman of the Board, Director |
November 20, 2003 |
/s/ Michael J. Shannahan Michael J. Shannahan |
Chief Financial Officer and Secretary (Principal Financial and Accounting Officer) |
November 20, 2003 |
/s/David R. Springett David R. Springett |
Director |
November 20, 2003 |
George Reyes |
Director |
November 20, 2003 |
/s/William Raduchel William Raduchel |
Director |
November 20, 2003 |
R. Andrew Eckert |
Director |
November 20, 2003 |
EXHIBIT INDEX
Exhibit Number |
|
4.1(1) |
Amended and Restated Certificate of Incorporation of Registrant |
4.2(1) |
Amended and Restated Bylaws of Registrant |
4.3(1) |
Specimen Stock Certificate |
4.4(1) |
1999 Non-Employee Directors' Stock Option Plan |
4.5(1) |
1999 Employee Stock Purchase Plan |
5.1 |
Opinion of Cooley Godward LLP |
23.1 |
Consent of PricewaterhouseCoopers LLP |
23.3 |
Consent of Cooley Godward LLP (Reference is made to Exhibit 5.1) |
24.1 |
Power of Attorney (Reference is made to Signature Page) |
(1) Filed as an exhibit to the Form S-1 Registration Statement (No. 333-92187), as amended through the date hereof and incorporated herein by reference.