As filed with the Securities and Exchange Commission on April 24, 2024
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
APTIV PLC
(Exact Name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrants name into English)
Jersey | 3714 | 98-1029562 | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification No.) |
Aptiv PLC 2024 Long-Term Incentive Plan
(Full title of the plan)
5 Hanover Quay,
Grand Canal Dock,
Dublin, D02 VY79,
Ireland
353-1-259-7013
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)
Joseph R. Massaro
Vice Chairman, Business Operations and Chief Financial Officer
5 Hanover Quay,
Grand Canal Dock,
Dublin, D02 VY79,
Ireland
353-1-259-7013
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Adam Kaminsky
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
+1 212 450-4000
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. ☐
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the Commission) and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated herein by reference:
(a) Annual Report of the Registrant for the year ended December 31, 2023 (Registration No. 001-35346), filed with the Commission on February 6, 2024, as amended by Form 10-K/A, filed with the Commission on March 28, 2024;
(b) All reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2023; and
(c) The description of the Registrants share capital which is contained in the Registrants Registration Statement Form 8-A filed with the Commission on November 10, 2011 (Registration No. 001-35346), including any amendments or supplements thereto.
In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of the filing of such documents.
Any statement contained 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 incorporated or 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.
Under the Registrants Memorandum and Articles of Association, the Registrant is required to indemnify every present and former officer (which term includes directors) of the Registrant out of the assets of the Registrant against any loss or liability incurred by such officer by reason of being or having been such an officer. The extent of such indemnities shall be limited in accordance with the provisions of the Companies (Jersey) Law 1991, as amended.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
* | 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;
(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; and
(iii) To include any material information with respect to the Plans 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 periodic 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.
(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 provisions referenced in Item 6 of this Registration Statement, 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 hereunder, 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 of 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.
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 Dublin, on the date of April 24, 2024.
APTIV PLC | ||||
By: | /s/ Joseph R. Massaro | |||
Name: Joseph R. Massaro | ||||
Title: Vice Chairman, Business Operations and Chief Financial Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Kevin P. Clark, Joseph R. Massaro and Katherine H. Ramundo, and each of them, individually, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead in any and all capacities, in connection with this registration statement, including to sign in the name and on behalf of the undersigned, this registration statement and any and all amendments thereto, including post-effective amendments and registrations filed pursuant to Rule 462 under the U.S. Securities Act of 1933, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto such attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, 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 his or her substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated:
Name |
Title |
Date | ||
/s/ Kevin P. Clark |
Chief Executive Officer | April 24, 2024 | ||
Kevin P. Clark | (principal executive officer) | |||
/s/ Joseph R. Massaro |
Vice Chairman, Business Operations and Chief Financial Officer | April 24, 2024 | ||
Joseph R. Massaro | (principal financial officer) | |||
/s/ Allan J. Brazier |
Vice President and Chief Accounting Officer | April 24, 2024 | ||
Allan J. Brazier | (principal accounting officer) | |||
/s/ Nancy E. Cooper |
Director | April 24, 2024 | ||
Nancy E. Cooper | ||||
/s/ Joseph L. Hooley |
Director | April 24, 2024 | ||
Joseph L. Hooley | ||||
/s/ Vasumati P. Jakkal |
Director | April 24, 2024 | ||
Vasumati P. Jakkal | ||||
/s/ Merit E. Janow |
Director | April 24, 2024 | ||
Merit E. Janow | ||||
/s/ Sean O. Mahoney |
Director | April 24, 2024 | ||
Sean O. Mahoney | ||||
/s/ Paul M. Meister |
Director | April 24, 2024 | ||
Paul M. Meister | ||||
/s/ Robert K. Ortberg |
Director | April 24, 2024 | ||
Robert K. Ortberg | ||||
/s/ Colin J. Parris |
Director | April 24, 2024 | ||
Colin J. Parris | ||||
/s/ Ana G. Pinczuk |
Director | April 24, 2024 | ||
Ana G. Pinczuk |
Exhibit 5
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Our ref Your ref |
GEC/KAT/1065189/0001/J23186267v1 |
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Aptiv PLC
13 Castle Street
St Helier
Jersey
JE1 1ES |
April 24, 2024 | |||||
Dear Sirs |
||||||
Aptiv PLC (the Company) - Registration of Securities under the US Securities Act of 1933, as amended (the Securities Act) |
1. | Background |
1.1 |
We have acted as the Companys Jersey legal advisers in connection with the registration of a registration statement on Form S-8 dated April 24, 2024 (the Registration Statement) relating to the Aptiv PLC 2024 Long-Term Incentive Plan (the Plan). |
1.2 |
Under the Plan, the Company may from time to time grant awards, including in respect of Plan Shares (as defined below), to eligible employees, non-employee directors, consultants and other advisors of the Company or one of its subsidiaries (each, an award holder), and to provide such persons incentives and rewards for performance and/or service. |
1.3 |
The Company has asked us to provide this Opinion in connection with the registration of the Plan Shares under the Securities Act. |
2. | Documents Examined |
2.1 |
We have examined all such documents as we have considered necessary or advisable for the purpose of giving this Opinion, including the following:- |
2.1.1 |
a draft of the Registration Statement in the form in which it is to be filed with the US Securities and Exchange Commission; |
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Aptiv PLC
April 24, 2024
Page 2
2.1.2 |
a copy of the written resolutions of the board of directors of the Company passed on January 31, 2024; |
2.1.3 |
the Companys certificate of incorporation and memorandum and articles of association as in force as at the date hereof; and |
2.1.4 |
a consent to issue shares dated January 1, 2017 issued to the Company by the Jersey Financial Services Commission under the Control of Borrowing (Jersey) Order 1958. |
2.2 |
For the purposes of this Opinion, we have, with the Companys consent, relied upon certificates and other assurances of directors and other officers of the Company as to matters of fact, without having independently verified such factual matters. |
2.3 |
For the purposes of this Opinion, we have not: |
2.3.1 |
examined any other document relating to the Plan or the Plan Shares (including, without limitation, any document incorporated by reference in, or otherwise referred to in, the Registration Statement); and |
2.3.2 |
undertaken any exercise that is not described in this Opinion and, in particular, we have not conducted any searches or enquiries in relation to the Company at any public office or registry in Jersey. |
2.4 |
In this Opinion: |
2.4.1 |
non-assessable means, in relation to any Plan Shares, that no further sum shall be payable by a holder of those Plan Shares in respect of the purchase price of those Plan Shares pursuant to an award made under the Plan; and |
2.4.2 |
Plan Shares means an aggregate of 9,880,000 ordinary shares of $0.01 each in the capital of the Company which are to be issued or transferred to an award holder pursuant to, or in connection with, an award made or to be made under the Plan. |
2.5 |
In this Opinion, headings are for convenience only and do not affect its interpretation. |
3. |
Assumptions |
3.1 |
For the purposes of giving this Opinion we have assumed:- |
3.1.1 |
that the rules of the Plan have been properly adopted by the Company and that the Plan has been, and will at all times be, (i) operated in accordance with its rules and (ii) legal, valid, binding and enforceable in accordance with its terms; |
1065189/0001/J23186267v1 |
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Aptiv PLC
April 24, 2024
Page 3
3.1.2 |
that the Companys board of directors (or a duly authorised committee thereof or a duly authorised person or persons appointed by the board of directors as an administrator in respect of the Plan): |
(a) |
will duly authorise and grant all future awards relating to Plan Shares; and |
(b) |
will resolve to satisfy all future awards relating to Plan Shares, |
in a manner consistent with the boards or committees or administrators (as the case may be) fiduciary duties and in accordance with the rules of the Plan and the Companys articles of association;
3.1.3 |
that a meeting of the Companys shareholders has been, or will be, duly convened and held at which it was, or will be, resolved to approve the Plan; |
3.1.4 |
that a meeting of the Companys board of directors (or a duly authorised committee thereof or a duly authorised person or persons appointed by the board of directors as an administrator in respect of the Plan) has been, or will be, duly convened and held at which it was, or will be, resolved to allot and issue, or (where applicable) approve the transfer of, the Plan Shares to the relevant award holder; |
3.1.5 |
that no allotment and issue of Plan Shares will result in: |
(a) |
a breach of any authority to allot ordinary shares conferred on the directors of the Company by the shareholders of the Company; or |
(b) |
a breach of any pre-emptive or anti-dilution provision in the Companys memorandum and articles of association; or |
(c) |
the number of shares reserved for issue under the Plan being exceeded; or |
(d) |
the authorised share capital of the Company being exceeded; |
3.1.6 |
that all Plan Shares have been, or will be, duly allotted and issued and (where applicable) transferred, in accordance with the Companys articles of association; |
3.1.7 |
that prior consent of the Jersey Financial Services Commission pursuant to Article 4 of the Control of Borrowing (Jersey) Order 1958 (the COBO Law) will be obtained in connection with the issuance of awards under the Plan to persons who do not fall within the categories of persons set out at Article 6(1) of the COBO Law; |
3.1.8 |
that the transferee of any Plan Share will have: (i) the capacity, power and authority; (ii) taken all necessary action; and (iii) obtained or made all necessary agreements, approvals, authorisations, consents, filings, licences, registrations and qualifications (whether as a matter |
1065189/0001/J23186267v1 |
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Aptiv PLC
April 24, 2024
Page 4
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of any law or regulation applicable to it or as a matter of any agreement binding on it), to become the registered holder of that Plan Share in accordance with all applicable laws; |
3.1.9 |
that all Plan Shares have been, or will be, duly allotted and issued and (where applicable) transferred, in accordance with the Companys articles of association; |
3.1.10 |
the authenticity, accuracy, completeness and conformity to original documents of all copy documents and certificates of officers of the Company examined by us; |
3.1.11 |
that the signatures on all documents examined by us are the genuine signatures of persons authorised to execute or certify such documents; |
3.1.12 |
the accuracy and completeness in every respect of all certificates and other assurances of directors or other officers of the Company given to us for the purposes of giving this Opinion and that (where relevant) such certificates would be accurate if they had been given as of the date hereof; |
3.1.13 |
that there is no provision of the law or regulation of any jurisdiction other than Jersey which would have any adverse implication in relation to the opinion expressed hereunder; and |
3.1.14 |
that no Plan Share shall be issued at a discount to its par value. |
4. |
Opinion |
As a matter of Jersey law and based on, and subject to, the assumptions and limitations set out in this Opinion, we are of the opinion that, in relation to the Plan Shares to be allotted and issued, or transferred, to an award holder under the Plan in settlement of the award holders award, upon the:
4.1 |
receipt in full by the Company of all amounts payable by the award holder under the Plan in respect of the award holders award; and |
4.2 |
entry of the name of the award holder as the holder of those Plan Shares in the Companys register of members, |
those Plan Shares will be validly issued, fully paid and non-assessable.
5. |
Qualification |
This Opinion is subject to any matter of fact not disclosed to us.
6. |
Governing Law, Limitations, Benefit and Disclosure |
6.1 |
This Opinion shall be governed by and construed in accordance with the laws of Jersey and is limited to the matters expressly stated herein. |
1065189/0001/J23186267v1 |
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Aptiv PLC
April 24, 2024
Page 5
6.2 |
This Opinion is limited to matters of Jersey law and practice as at the date hereof and we have made no investigation and express no opinion with respect to the law or practice of any other jurisdiction. |
6.3 |
We assume no obligation to advise you (or any other person who may rely on this Opinion in accordance with this paragraph), or undertake any investigations, as to any legal developments or factual matters arising after the date of this Opinion that might affect the opinions expressed herein. |
6.4 |
We consent to the filing of a copy of this Opinion as Exhibit 5 and 23.2 to the Registration Statement. In giving this consent, we do not admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations promulgated by the US Securities and Exchange Commission under the Securities Act. |
Yours faithfully
/s/ Carey Olsen Jersey LLP
1065189/0001/J23186267v1 |
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Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Aptiv PLC 2024 Long-Term Incentive Plan of our reports dated February 6, 2024, with respect to the consolidated financial statements and schedule of APTIV PLC and the effectiveness of internal control over financial reporting of APTIV PLC included in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Detroit, Michigan
April 24, 2024
Exhibit 107.1
Calculation of Filing Fee Tables
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
APTIV PLC
(Exact Name of Registrant as Specified in Its Charter)
Table 1: Newly Registered Securities
Security Type | Security Class Title (1) |
Fee Calculation Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit (2) |
Maximum Aggregate Offering Price (2) |
Fee Rate |
Amount of Registration Fee (3) | |||||||
Equity | Ordinary Shares, par value $0.01 per share | Rule 457(c) and Rule 457(h) | 9,880,000 | $69.46 | $686,264,800 | 0.0001476 | $101,292.69 | |||||||
Total Offering Amounts | $686,264,800 | $101,292.69 | ||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $101,292.69 |
(1) | This Registration Statement on Form S-8 covers ordinary shares, par value $0.01 per share (Ordinary Shares), of Aptiv PLC (the Registrant) authorized for issuance under the Aptiv PLC 2024 Long-Term Incentive Plan (the 2024 LTIP Plan) and pursuant to Rule 416(a) under the Securities Act, any additional Ordinary Shares that may become issuable under the 2024 LTIP Plan by reason of any stock split, stock dividend or similar transaction involving the Ordinary Shares. |
(2) | Computed pursuant to Rules 457(c) and 457(h) under the Securities Act, solely for purposes of computing the registration fee, based on the average of the high and low prices reported for a share on the New York Stock Exchange on April 19, 2024, rounded up to the nearest cent. |
(3) | Rounded up to the nearest cent. |