All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered hereby have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference herein
and to be part hereof from the date of filing of such documents.
Item 4. Description of Securities.
Not
applicable.
Item 5. Interests of Named Experts
and Counsel.
The
validity of the Common Stock being registered pursuant to this Registration Statement will
be passed upon for the Registrant by its General Counsel, Conan R. Deady. As of the date
of this Registration Statement, Mr. Deady has (i) beneficial ownership of 1,586 shares of
the Registrants Common Stock and (ii) the right to receive up to 96,574 shares of
the Registrants Common Stock upon the exercise of stock options granted to him by
the Registrant, which stock options are or (in periodic installments) will become
exercisable through February 6, 2013.
Item 6. Indemnification of
Directors and Officers.
Section
145 of the General Corporation Law of the State of Delaware (the GCL), as
amended, gives Delaware corporations the power to indemnify each of their present and
former directors or officers under certain circumstances, if such person acted in good
faith and in a manner which he or she reasonably believed to be in or not opposed to the
best interests of the corporation.
Article
Ninth of the Registrants Certificate of Incorporation provides that no director of
the Registrant shall be liable for any breach of fiduciary duty, except to the extent that
the GCL prohibits the limitation of liability of directors for breach of fiduciary duty.
2
Article
Thirteenth of the Registrants Certificate of Incorporation provides that a director
or officer of the Registrant (a) shall be indemnified by the Registrant against all
expenses (including attorneys fees), judgments, fines and amounts paid in settlement
incurred in connection with any litigation or other legal proceeding (other than an action
by or in the right of the Registrant) brought against him by virtue of his position as a
director or officer of the Registrant if he acted in good faith and in a manner he
reasonably believed to be in, or not opposed to, the best interests of the Registrant and
with respect to any criminal action or proceeding, if he had no reasonable cause to
believe his conduct was unlawful and (b) shall be indemnified by the Registrant against
all expenses (including attorneys fees) and amounts paid in settlement incurred in
connection with any action by or in the right of the Registrant brought against him by
virtue of his position as a director or officer of the Registrant if he acted in good
faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests of the Registrant, except that no indemnification shall be made with respect to
any matter as to which such person shall have been adjudged to be liable to the
Registrant, unless a court determines that, despite such adjudication but in view of all
of the circumstances, he is entitled to indemnification of such expenses. Notwithstanding
the foregoing, to the extent that a director or officer has been successful, on the merits
or otherwise, including, without limitation, the dismissal of an action without prejudice,
he is required to be indemnified by the Registrant against all expenses (including
attorneys fees) incurred in connection therewith. Expenses shall be advanced to a
director or officer at his request, provided that he undertakes to repay the amount
advanced if it is ultimately determined that he is not entitled to indemnification for
such expenses.
Indemnification
is required to be made unless the Registrant determines that the applicable standard of
conduct required for indemnification has not been met. In the event of a determination by
the Registrant that the director or officer did not meet the applicable standard of
conduct required for indemnification, or if the Registrant fails to make an
indemnification payment within 60 days after such payment is claimed by such person, such
person is permitted to petition the court to make an independent determination as to
whether such person is entitled to indemnification. As a condition precedent to the right
of indemnification, the director or officer must give the Registrant notice of the action
for which indemnity is sought, and the Registrant has the right to participate in such
action or assume the defense thereof.
Article
Thirteenth of the Registrants Certificate of Incorporation further provides that the
indemnification provided therein is not exclusive, and provides that in the event that the
GCL is amended to expand the indemnification permitted to directors or officers, the
Registrant must indemnify those persons to the fullest extent permitted by such law as so
amended.
Item 7. Exemption from Registration
Claimed.
Not
applicable.
Item 8. Exhibits.
The
Exhibit Index immediately preceding the exhibits hereto is incorporated herein by
reference.
Item 9. Undertakings.
(a)
The 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:
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