As filed with the Securities and Exchange Commission on December 17, 2001
Registration No. 333-
UNITED STATES
FORM S-8
CERNER CORPORATION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of
incorporation or organization)
7373
(Primary Standard
Classification Code Number)
43-1196944
(I.R.S. Employer
Identification Number)
1993 Director and Management Plan
Mitchell Laskey Employment Agreement
Saul Bloom Employment Agreement
Martin Levin Employment Agreement
Marc G. Naughton
Copies to:
CALCULATION OF REGISTRATION FEE
Vice President and Chief Financial Officer
2800 Rockcreek Parkway
North Kansas City, Missouri 64117
(816) 221-1024
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Craig L. Evans, Esq.
Stinson, Mag & Fizzell
1201 Walnut Street, Suite 2800
Kansas City, Missouri 64106
(816) 842-8600
Facsimile: (816) 691-3495
Richard A. Denmon, Esq.
Carlton Fields, P.A.
One Harbour Place, 777 S. Harbour Island Blvd.
Tampa, Florida 33602
(813) 223-7000
Facsimile: (813) 229-4133
Amount to be
Proposed maximum
Proposed maximum
Amount of
Title of securities to be registered (1)
registered
offering price per share (2)
aggregate offering price (2)
registration fee
45,000
(3)
$
49.17
$
2,212,650
$
528.82
(1)
Includes associated Rights (the Rights) to purchase one
one-thousandth of a share of Cerner Series A Preferred Stock. Until the
occurrence of certain prescribed events, the Rights are not
exercisable, are evidenced by the certificates representing Cerner
Common Stock and will be transferred only with such shares of Cerner
Common Stock.
(2)
Calculated pursuant to Rules 457(h)(1) and 457(c) based on the
average of the high and low prices reported for the Registrants
common stock on December 14, 2001 on the Nasdaq Stock Market.
Estimated solely for the purpose of calculating the registration
fee in accordance with Rule 457 under the Securities Act of 1933.
(3)
Represents the maximum number of shares of common stock that may be
offered pursuant to this registration statement, consisting of shares
issuable pursuant to the 1993 Director and Management Plan, 1993 and
2000 Incentive Stock Option Plan, the Mitchell Laskey Employment
Agreement, the Saul Bloom Employment Agreement, and the Martin Levin
Employment Agreement. In the event of a stock split, stock dividend,
or similar transaction involving the Common Stock, in order to prevent
dilution, the number of shares of common stock registered hereby shall
be automatically increased to cover the additional shares of common
stock in accordance with Rule 416 under the Securities Act of 1933.
PART II
Information Required in the Registration Statement
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by the Registrant with the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934 (the
Exchange Act) are incorporated herein by reference: (i) the Registrants
Annual Report on Form 10-K for the year ended December 30, 2000; (ii) the
Registrants Quarterly Report on Form 10-Q for the quarter ended March 31,
2001; (iii) the Registrants Quarterly Report on Form 10-Q for the quarter
ended June 30, 2001; (iv) the Registrants Quarterly Report on Form 10-Q for
the quarter ended September 29, 2001; and (v) the description of the Common
Stock of the Registrant which is contained in the Registrants Registration
Statement on Form 8-A (File No. 000-15386), including any amendments or reports
filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act subsequent to the date of this Registration
Statement and prior to the filing of a post-effective amendment which indicates
that all securities offered hereby have been sold or which deregisters all
securities offered hereby remaining unsold, shall be deemed to be incorporated
by reference herein and to be a part hereof from the date of the filing of such
reports and documents, except in no event shall any information included in any
such document in response to Item 402(i), (k) or (l) of Regulation S-K be
deemed to constitute part of this Registration Statement.
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 in any subsequently filed document which 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.
Randy D. Sims, the Registrants Vice President, Chief Legal Officer and
Secretary, has passed on the validity of the shares of Common Stock identified
above. Mr. Sims beneficially owns or has rights to acquire an aggregate of
less than 1% of the outstanding shares of Common Stock.
Item 6. Indemnification of Directors and Officers
(a) Section 145 of the Delaware General Corporation Law (the DGCL) (1)
gives Delaware corporations broad powers to indemnify their present and former
directors and officers and those of other enterprises, as well as certain other
persons, against expenses, judgments, fines and settlement amounts incurred by
such directors, officers or other persons in defense of any action, suit or
proceeding to which they are made parties by reason of being or having been a
director, officer, employee or agent of the corporation, or of another
enterprise at the request of the corporation, subject to specified conditions
and exclusions, (2) gives such directors, officers or other persons who are
successful in the defense of any action, suit or proceeding the right to be
indemnified, and (3) authorizes the corporation to purchase and maintain
directors and officers liability insurance. The indemnification authorized
by Section 145 of the DGCL is not exclusive of any other rights to which those
indemnified may be entitled under any bylaws, agreement, vote of shareholders
or disinterested directors, policy of insurance or otherwise.
(b) Article Tenth of the Registrants Restated Certificate of
Incorporation authorizes the Registrant to agree to indemnify any of its
directors, officers, employees or agents, and any person who serves at the
request of the Registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, to the
fullest extent permitted by the laws of the state of Delaware; provided that
the Registrant is
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not permitted to indemnify any person from or on account of such persons
conduct which was finally adjudged to have been knowingly fraudulent,
deliberately dishonest or willful misconduct.
(c) In accordance with Section 102(b)(7) of the DGCL, Article Tenth of the
Registrants Restated Certificate of Incorporation contains a provision
eliminating a directors personal liability to the Registrant or its
stockholders for monetary damages for breach of fiduciary duty as a director to
the fullest extent permitted or authorized by the laws of the state of
Delaware. Section 102(b)(7) of the DGCL prohibits the elimination or
limitation of a directors liability (1) for any breach of the directors duty
of loyalty to the Registrant or its stockholders, (2) for acts or omissions not
in good faith or which involve intentional misconduct or knowing violations of
law, (3) under Section 174 of the DGCL (relating to unlawful dividend payments
or stock redemptions or repurchases), or (4) for any transaction from which the
director derived an improper personal benefit.
(d) Section 28 of the Registrants amended and restated bylaws requires
the Registrant to indemnify any person (1) against all liabilities and expenses
actually and reasonably incurred by such person in connection with any action,
suit or proceeding (other than an action by or in the right of the Registrant)
or (2) against any amounts paid in settlement and expenses actually and
reasonably incurred by such person in an action by or in the right of the
Registrant, in either case, by reason of the fact that such person is or was
serving as a director or officer of the Registrant or as a director or officer
of another enterprise at the Registrants request; provided that (a) such
person must have acted in good faith and in a manner such person reasonably
believed to be in or not opposed to the Registrants best interests and, with
respect to any criminal action or proceeding, that such person must have had no
reasonable cause to believe such persons conduct was unlawful, and (b) the
Registrant is not required to indemnify or advance expenses to such person in
connection with an action, suit or proceeding initiated by such person unless
the initiation of such action, suit or proceeding was authorized by the
Registrants Board of Directors. Said Section 28 further provides that the
Registrant shall not indemnify any person for any liabilities or expenses
incurred by such person in connection with an action, suit or proceeding by or
in the right of the Registrant in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the Registrant,
unless and only to the extent that the court in which the action, suit or
proceeding is brought determines that the person is entitled to such indemnity.
If any person serving as a director or officer of the Registrant or as a
director or officer of another enterprise at the Registrants request is
successful on the merits or otherwise in defense of any action, suit or
proceeding referred to above, said Section 28 requires that the Registrant
indemnify such person against expenses actually and reasonably incurred by such
person in connection therewith. Prior to indemnifying a person pursuant to
Section 28 of the Registrants amended and restated bylaws, the Registrant must
determine that such person has met the specified standard of conduct required
for indemnification unless ordered by a court and except as otherwise provided
by the immediately preceding sentence. Such determination must be made by (y)
a majority vote of a quorum of the directors who were not party to the action,
suit or proceeding (or by independent legal counsel in a written opinion if so
directed by a quorum of disinterested directors or if such a quorum is not
obtainable), or (z) the stockholders. If the determination is adverse to the
person seeking to be indemnified, such person may cause the determination to be
made by a court having jurisdiction over the Registrant. The indemnification
provided by Section 28 of the Registrants amended and restated bylaws is not
exclusive of any other rights to which those seeking indemnification may be
entitled under any statute, the Registrants Restated Certificate of
Incorporation, the Registrants amended and restated bylaws, any agreement,
vote of stockholders or disinterested directors, policy of insurance or
otherwise, both as to action in their official capacities and as to action in
other capacities while holding their respective offices.
(e) The Registrant has entered into indemnification agreements with the
Registrants directors, Clifford W. Illig, Neal L. Patterson, Michael E.
Herman, Jeff C. Goldsmith, Ph.D., Gerald E. Bisbee, Jr., Ph.D., William B.
Neaves, Ph.D., Nancy-Ann DeParle and John C. Danforth, which, among other
things, (a) confirm the present indemnity permitted under the DGCL, (b) provide
that, in addition, the directors shall be indemnified to the fullest possible
extent permitted by law against all expenses (including attorneys fees),
judgments, fines, and settlement amounts, paid or incurred by them in any
action or proceeding, including any action by or in the right of the
Registrant, on account of their services as a director of the Registrant or as
a director of any subsidiary of the Registrant or as a director, officer,
employee or agent of any other company or enterprise when they are serving in
such capacities at the request of the Registrant, and (c) provide procedures
for notification and defense of a claim. However, no indemnity will be
provided to any director on account of conduct that is adjudged to be knowingly
fraudulent, deliberately dishonest or willful misconduct. The indemnification
agreements also provide that the Registrant will advance the expenses of
defending an action, lawsuit or other proceeding to the indemnified director
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before the matter is disposed of if the indemnitee agrees to repay any
such advances to the Registrant if it is later determined that he or she was
not entitled to indemnification.
(f) Section 28 of the Registrants amended and restated bylaws permits the
Registrant to insure any person against any liability incurred by such person
by reason of the fact that such person is or was serving as a director or
officer of the Registrant or as a director or officer of another enterprise at
the Registrants request, whether or not the Registrant would have the power to
indemnify such person under the provisions described above. The Registrant has
obtained directors and officers liability insurance for each of its directors
and executive officers which (subject to certain limits and deductibles) (i)
insures such persons against loss arising from certain claims made against them
by reason of such persons being a director or officer, and (ii) insures the
Registrant against loss which it may be required or permitted to pay as
indemnification due such persons for certain claims. Such insurance may
provide coverage for certain matters as to which the Registrant may not be
permitted by law to provide indemnification.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following Exhibits are filed herewith or incorporated herein by
reference:
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Item 9. Undertakings.
A. The undersigned Registrant hereby undertakes:
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
Securities Exchange Act of 1934, and, where applicable, each filing of an
employee benefit plans 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, 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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Exhibit
Number
Description
4.1
Restated Certificate of Incorporation, as amended through June 29,
1996 (filed as Exhibit 3(i) to Registrants Quarterly Report on Form
10-Q for the quarter ended June 29, 1996, and incorporated herein by
reference)
4.2
Amended and Restated Bylaws of Registrant, as amended (filed as
Exhibit 4.2 to Registrants Registration Statement on
Form S-8 File No. 333-70170 filed on September
26, 2001, and incorporated herein by reference)
4.3
Amended and Restated Rights Agreement, dated as of March 12, 1999,
between Cerner Corporation and UMB Bank, N.A., as Rights Agent, which
includes the Form of II-4 5 Certificate of Designation, Preferences
and Rights of Series A Preferred Stock of Cerner Corporation, as
Exhibit A, and the Form of Rights Certificate, as Exhibit B (filed as
an exhibit to Registrants current report on Form 8-A/A dated March
31, 1999 and incorporated herein by reference)
4.4
Specimen Stock Certificate (filed as Exhibit 4(a) to Registrants
Registration Statement on Form S-8 (File No. 333-15156), and
incorporated herein by reference)
5.1
Opinion of Randy D. Sims, Esq.
23.1
Consent of KPMG LLP.
23.2
Consent of Randy D. Sims, Esq. (contained in Exhibit 5.1)
24.1
Power of Attorney included on Page II-6 of this Registration Statement.
(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 this registration statement (or the
most recent post-effective amendment thereto) which, individually
or in the aggregate, represent a fundamental change in the
information set forth in the 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 (1)(i) and (1)(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
Registrant pursuant to Section 13 or Section 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.
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 Kansas City, State of Missouri, on December 17, 2001.
We, the undersigned officers and directors of Cerner Corporation, hereby
severally constitute Neal L. Patterson, Clifford W. Illig, Marc G. Naughton and
Randy D. Sims and each of them singly, our true and lawful attorneys with full
power to them, and each of them singly, to sign for us and in our names in the
capacities indicated below the Registration Statement filed herewith and any
and all amendments to said Registration Statement, and generally to do all such
things in our name and behalf in our capacities as officers and directors to
enable Cerner Corporation to comply with the provisions of the Securities Act
of 1933, as amended, and all requirements of the Securities and Exchange
Commission, hereby ratifying and confirming our signatures as they may be
signed by our said attorneys, or any of them, to said Registration Statement
and any and all amendments thereto.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below by the following persons in the
capacities and on the dates indicated:
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II-7
CERNER CORPORATION
(Registrant)
By: /s/ Marc G. Naughton
Marc G. Naughton
Vice President and
Chief Financial Officer
Signature
Title
Date
/s/ Neal L. Patterson
Neal L. Patterson
Chairman of the Board, Chief
Executive Officer
(Principal Executive Officer)
12-17-01
/s/ Clifford W. Illig
Clifford W. Illig
Vice Chairman and Director
12-17-01
/s/ Marc G. Naughton
Marc G. Naughton
Vice President and Chief
Financial Officer (Principal
Financial and Accounting Officer)
12-17-01
/s/ Gerald E. Bisbee, Jr.
Gerald E. Bisbee, Jr.
Director
12-17-01
/s/ John C. Danforth
John C. Danforth
Director
12-17-01
/s/ Jeff C. Goldsmith
Jeff C. Goldsmith
Director
12-17-01
Signature
Title
Date
/s/ Michael E. Herman
Michael E. Herman
Director
12-17-01
/s/ William B. Neaves
William B. Neaves
Director
12-17-01
/s/ Nancy-Ann DeParle
Nancy-Ann DeParle
Director
12-17-01
EXHIBIT INDEX
Exhibit Number
Description
Opinion of Randy D. Sims, Esq.
Consent of KPMG LLP.
II-8
Exhibit 5.1
December 17, 2001
Cerner Corporation
2800 Rockcreek Parkway
North Kansas City, MO 64117
Ladies and Gentlemen:
Reference is made to the Registration Statement on Form S-8 (the Registration Statement) of Cerner Corporation, a Delaware corporation (the Company), to be filed with the Securities and Exchange Commission (SEC) on or about December 17, 2001 for the purpose of registering under the Securities Act of 1933, as amended, 45,000 shares of Common Stock, par value $.01 per share (Common Stock), of the Company, proposed to be issued pursuant to the 1993 Director and Management Plan, the 1993 Incentive Stock Option Plan, the 2000 Incentive Stock Option Plan, the Mitchell Laskey Employment Agreement, the Saul Bloom Employment Agreement, and the Martin Levin Employment Agreement (the Plans).
As Vice President and Chief Legal Officer of the Company, I am of the opinion, based upon my examination of the law and pertinent documents, that all necessary corporate action has been taken to authorize the issuance of the aforesaid shares of Common Stock under the Plans and all such shares of Common Stock, when issued pursuant to the Plans, will be legally issued, fully paid and nonassessable.
I hereby consent to the filing of this opinion with the SEC as an Exhibit to the Registration Statement and to the reference to my name under the heading Interests of Named Experts and Counsel in the Registration Statement.
Very truly yours,
/s/ Randy D. Sims
Randy D. Sims
Vice President and Chief Legal Officer
Exhibit 23.1
Accountants Consent
The Board of Directors
We consent to the incorporation by reference in the Registration
Statement on Form S-8 of Cerner Corporation of our reports, dated
January 31, 2001, relating to the consolidated balance sheets of Cerner
Corporation and subsidiaries as of December 30, 2000 and January 1,
2000, and the related consolidated statements of operations, changes in
equity, and cash flows and the related schedule for each of the years in
the three-year period ended December 30, 2000, which reports appear in
the 2000 Annual Report on Form 10-K of Cerner Corporation and are
incorporated herein by reference.
Kansas City, Missouri
Cerner Corporation: