As
Filed with the Securities and Exchange Commission on July 27, 2010
Registration
No.: 333-____
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
_____________
FORM
S-8
REGISTRATION
STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
_____________
PERVASIP
CORP.
(Exact
Name of Registrant as Specified in its Charter)
New
York
13-2511270
(State
or Other Jurisdiction of Incorporation or
Organization) (I.R.S.
EmployerIdentification No.)
75 South Broadway, Suite 400 White Plains, New
York 10601
(Address
of Principal Executive
Offices)
(Zip Code)
2010
EQUITY INCENTIVE PLAN
(Full
Title of the Plan(s))
Paul
H. Riss
Chief
Executive Officer
Pervasip
Corp.
75
South Broadway, Suite 400
White
Plains, New York 10601
(Name and
Address of Agent for Service)
(914)
620-1500
(Telephone
Number, Including Area Code, of Agent for Service)
Copy
To:
Eric
M. Hellige, Esq.
Pryor
Cashman LLP
7
Times Square
New
York, New York 10036
(212)
421-4100
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. (Check one):
Large
accelerated filer [
] Accelerated
filer [
]
Non-accelerated
filer [
] Smaller
Reporting Company [X]
(Do not check if a smaller reporting
company)
CALCULATION
OF REGISTRATION FEE
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Proposed
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Proposed
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Maximum
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Maximum
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Offering
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Aggregate
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Title
of Each Class of
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Amount
to
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Price
Per
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Offering
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Amount
of
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Securities
to be Registered
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be
Registered*
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Share**
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Price
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Registration
Fee
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Common
Stock, $.10 par value
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5,000,000
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$0.073
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$365,000
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$26.02
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________________
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*
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Pursuant
to Rule 416(a), this registration statement also covers any additional
securities that may be offered or issued in connection with any stock
split, stock dividend or similar
transaction.
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**
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Estimated
solely for the purpose of calculating the registration fee and computed in
accordance with Rule 457(c) under the Securities Act of 1933, upon the
basis of the average of the bid and asked price per share of the
registrant’s common stock as reported on the Over the Counter Bulletin
Board on July 23, 2010.
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PART
I
INFORMATION
REQUIRED IN THE SECTION 10(A) PROSPECTUS
The documents containing the
information specified in Part I of this registration statement on Form S-8 (this
“Registration Statement”) will be sent or given to participants in the 2010
Equity Incentive Plan of Pervasip Corp., which are covered by this Registration
Statement as specified by Rule 428(b)(1) promulgated under the Securities Act of
1933, as amended (the “Securities Act”). Such documents need not be filed with
the Securities and Exchange Commission (the “SEC”) either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 promulgated under the Securities Act. These documents and the documents
incorporated by reference in this Registration Statement pursuant to Item 3 of
Part II hereof, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item
3. Incorporation
of Documents by Reference.
The SEC allows us to “incorporate by
reference” into this Registration Statement the information we have filed with
the SEC. The information we incorporate by reference herein is an important part
of this Registration Statement. Any statement in a document we have filed with
the SEC prior to the date of this Registration Statement and which is
incorporated by reference herein will be considered to be modified or superseded
to the extent a statement contained in this Registration Statement or any other
subsequently filed document that is incorporated by reference herein modifies or
supersedes that statement. The modified or superseded statement will not be
considered to be a part of this Registration Statement, except as modified or
superseded. Unless expressly incorporated into this Registration Statement, a
report furnished but not filed on Form 8-K shall not be incorporated by
reference into this Registration Statement.
The following documents are hereby
incorporated by reference in this Registration Statement:
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(1)
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The
description of our common stock contained in our Registration Statement on
Form S-3, filed with the SEC on January 12, 2000, including any
amendment or report filed for the purpose of updating such
information;
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(2)
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Our
Annual Report on Form 10-K for the fiscal year ended November 30, 2009,
filed with the SEC on March 15,
2010;
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(3)
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Our
Quarterly Reports on Form 10-Q for the fiscal quarters ended February 28,
2010, and May 31, 2010 filed with the SEC on April 15, 2010 and July 15,
2010 respectively;
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(4)
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All
other reports filed by us pursuant to Section 13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934, as amended, after the date of this
Registration Statement but prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all
securities offered hereby have been sold or with deregisters all
securities then remaining
unsold.
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Item
4. Description
of Securities.
Not applicable.
Item
5. Interests
of Named Experts and Counsel.
Not applicable.
Item
6. Indemnification
of Directors and Officers.
Reference
is made to Sections 721 through 725 of the Business Corporation Law of the State
of New York (the “BCL”), which provides for indemnification of directors and
officers of New York corporations under certain circumstances.
Section
722 of the BCL provides that a corporation may indemnify directors and officers
as well as other employees and individuals against judgments, fines, amounts
paid in settlement and reasonable expenses, including attorneys’ fees, in
connection with actions or proceedings, whether civil or criminal (other than an
action by or in the right of the corporation, a “derivation action”), if 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 or proceeding, had no reasonable cause to believe their conduct
was unlawful. A similar standard is applicable in the case of
derivative actions, except that indemnification only extends to amounts paid in
settlement and reasonable expenses (including attorneys’ fees) incurred in
connection with the defense or settlement of such actions, and the statute does
not apply in respect of a threatened action, or a pending action that is settled
or otherwise disposed of, and requires court approval before there can be any
indemnification where the person seeking indemnification has been found liable
to the corporation. Section 721 of the BCL provides that Article 7 of
the BCL is not exclusive of other indemnification that may be granted by a
corporation’s certificate of incorporation, disinterested director vote,
shareholders vote, agreement or otherwise.
Article
XII of our by-laws provides that we may indemnify our officers and directors to
the fullest extent permitted under the BCL
Section
402(b) of the BCL provides that a corporation’s certificate of incorporation may
include a provision that eliminates or limits the personal liability of the
corporation’s directors to the corporation or its shareholders for damages for
any breach of a director’s duty, provided that such provision does not eliminate
or limit (1) the liability of any director if a judgment or other final
adjudication adverse to the director establishes that the director’s acts or
omissions were in bad faith or involved intentional misconduct or a knowing
violation of law or that the director personally gained a financial
profit or other advantage to which the director was not legally entitled or that
the director’s acts violated Section 719 of the BCL; or (2) the liability of any
director for any act or omission prior to the adoption of a provision authorized
by Section 402(b) of the BCL. Article Sixth of our Certificate of
Incorporation, as amended, provides that no director of our company shall be
liable to our company or our shareholders for any breach of duty in
such capacity except as provided in Section 402(b) of the BCL.
Any
amendment to or repeal of our Certificate of Incorporation or by-laws shall not
adversely affect any right or protection of a director or officer of our company
for or with respect to any acts or omissions of such director or officer
occurring prior to such amendment or repeal.
We
maintain directors’ and officers’ insurance which, subject to certain
exclusions, insures our directors and officers against certain losses which
arise out of any neglect or breach of duty (including, but not limited to, any
error, misstatement, act, or omission) by the directors or officers in the
discharge of their duties, and insures us against amounts which we have paid or
may become obligated to pay as indemnification to our directors and/or officers
to cover such losses.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933, as
amended (the “Securities Act”), may be permitted to directors, officers or
persons controlling our company pursuant to the foregoing, we have been informed
that in the opinion of the SEC such indemnification is against public policy as
expressed in the Securities Act and is therefore unenforceable.
Item
7. Exemption
from Registration Claimed.
Not applicable.
Item
8. Exhibits.
Exhibit
No.
Description
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4.1
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Form
of common stock certificate (incorporated by reference to Exhibit 4.1 to
our Registration Statement on Form S-8 filed with the SEC on March 24,
2008).
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4.2
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2010
Equity Incentive Plan.
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5.1 Opinion
of Pryor Cashman LLP (regarding validity of common stock being
registered).
23.1 Consent
of Pryor Cashman LLP (included as part of Exhibit 5.1).
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23.2
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Consent
of Nussbaum Yates Berg Klein & Wolpow,
LLP
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Item
9. Undertakings.
The undersigned registrant hereby
undertakes:
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(1)
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to
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement 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;
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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; and
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(3)
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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.
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The
undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant’s annual
report pursuant to Section 13(a) or Section 15(d) of the annual report pursuant
to Section 15(d) of the Exchange Act 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.
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 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 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, 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 Securities
Act and will be governed by the final adjudication of such
issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, as amended, we certify that
we have reasonable grounds to believe that we meet all the requirements for
filing on Form S-8 and have duly caused this registration statement to be signed
on our behalf by the undersigned, thereunto duly authorized, in White Plains,
State of New York on this 27th day of July, 2010.
PERVASIP
CORP.
By: /s/ Paul H.
Riss
Paul
H. Riss
Chairman
of the Board
KNOW ALL BY THESE PRESENTS, that each
person whose signature appears below hereby constitutes and appoints Paul H.
Riss, his attorney-in-fact and agent, with full power of substitution and
resubstitution for him in any and all capacities, to sign any or all amendments
or post-effective amendments to this registration statement, and to file the
same, with exhibits thereto and other documents in connection herewith or in
connection with the registration of the offered securities under the Securities
Exchange Act of 1934, as amended, with the Securities and Exchange Commission,
granting unto such attorney-in-fact and agent full power to do and perform each
and every act and thing requisite and necessary in connection with such matters
and hereby ratifying and confirming all that each of such attorneys-in-fact and
agents or his or her substitutes may 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.
Signature Title Date
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/s/Paul H.
Riss
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Chairman
of the Board and Chief Executive Officer (principal executive officer and
principal financial officer)
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July
27, 2010
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/s/ Greg M
Cooper
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Director
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July
27, 2010
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/s/ Cherian
Mathai
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Director
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July
27, 2010
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/s/ Mark
Richards
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Director
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July
27, 2010
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/s/ Scott
Widham
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Director
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July
27, 2010
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EXHIBIT
INDEX
Exhibit
No. Description
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4.1
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Form
of common stock certificate (incorporated by reference to Exhibit 4.1 to
our Registration Statement on Form S-8 filed with the SEC on March 24,
2008).
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4.2
2010 Equity Incentive Plan.
5.1
Opinion of Pryor Cashman LLP (regarding validity of common stock being
registered).
23.1 Consent
of Pryor Cashman LLP (included as part of Exhibit 5.1).
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23.2
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Consent
of Nussbaum Yates Berg Klein & Wolpow,
LLP
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