As filed with the Securities and Exchange Commission on February 22, 2008

Registration No. 333

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

 

REGISTRATION STATEMENT

Under

The Securities Act of 1933

 

 

PROS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

3100 MAIN STREET, SUITE 900

HOUSTON, TEXAS 77002

 (Address of principal executive offices) (Zip Code)

 

 

PROS HOLDINGS, INC.

2007 EQUITY INCENTIVE PLAN

 (Full title of the Plan(s))

 

 

ALBERT E. WINEMILLER

CHIEF EXECUTIVE OFFICER AND PRESIDENT

PROS HOLDINGS, INC.

3100 MAIN STREET, SUITE 900

HOUSTON, TEXAS 77002

 (Name and address of agent for service)

(713) 335-5151

(Telephone number, including area code, of agent for service)

 

 

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
2007 Equity Incentive Plan Common Stock, $0.001 par value		900,000		$14.75		$13,275,000		$521.71

(1)          This Registration Statement shall also cover any additional shares of Common Stock which become issuable under the PROS Holdings, Inc. 2007 Equity Incentive Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant’s receipt of consideration which results in an increase in the number of the outstanding shares of Registrant’s Common Stock.

 

(2)          Calculated solely for purposes of this offering under Rule 457(h) of the Securities Act of 1933, as amended.  As to shares under the 2007 Equity Incentive Plan, the price is based on the average of the high and low selling price per share of Registrant’s Common Stock on February 21, 2008 as reported by the New York Stock Exchange.

 

PART II

 

Information Required in the Registration Statement

 

Item 3.             Incorporation of Documents by Reference

 

                                                PROS Holdings, Inc. (the “Registrant”) hereby incorporates by reference into this Registration Statement the following documents previously filed with the Securities and Exchange Commission (the “Commission”):

 

(a)                                  The Registrant’s latest Annual Report on Form 10-K containing audited financial statements for the fiscal year ended December 31, 2007, filed with the Commission on February 22, 2008.

 

(b)                                 All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”) since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and

 

(c)                                  The Registrant’s Registration Statement No. 001-33554 on Form 8-A filed with the Commission on June 21, 2007 pursuant to Section 12(b) of the 1934 Act, in which there is described the terms, rights and provisions applicable to the Registrant’s outstanding Common Stock.

 

                                                All reports and definitive proxy or information statements filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act after 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 de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents.

 

Item 4.             Description of Securities

 

                                                The class of securities to be offered is registered under Section 12 of the 1934 Act.

 

Item 5.             Interests of Named Experts and Counsel

 

                                                The validity of the Shares of Common Stock offered hereby will be passed upon by DLA Piper US LLP, Austin, Texas, counsel to the Registrant.

 

Item 6.             Indemnification of Directors and Officers

 

                                                Section 102(b) of the Delaware General Corporation Law authorizes a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach or alleged breach of the director’s “duty of care.”  While this statute does not change directors’ duty of care, it enables corporations to limit available relief to equitable remedies such as injunction or rescission.  The statute has no effect on a director’s duty of loyalty or liability for acts or omissions not in good faith or involving intentional misconduct or knowing violations of law, illegal payment of dividends or stock redemptions or repurchases, or for any transaction from which the director derives an improper personal benefit.  As permitted by the statute, the Registrant has adopted provisions in its certificate of incorporation that eliminate to the fullest extent permissible under Delaware law the personal liability of its directors to the Registrant and its stockholders for monetary damages for breach or alleged breach of their duty of care.  The Registrant’s certificate of incorporation eliminates the personal liability of each of its directors for monetary damages resulting from any breach of his fiduciary duty as a director, except for liability:

 

·                  for any breach of the director’s duty of loyalty to the Registrant or its stockholders;

·                  for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law;

·                  under Section 174 of the Delaware General Corporation Law regarding unlawful dividends, stock purchases and redemptions; or

·                  for any transaction from which the director derived an improper personal benefit.

 

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                                                Section 145 of the Delaware General Corporation Law provides that a corporation may indemnify directors and officers as well as other individuals against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a director, officer, employee or agent to the Registrant. The Delaware General Corporation Law provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise.

 

                                                The Registrant’s bylaws provide that:

 

·                  the Registrant is required to indemnify its directors and officers, subject to limited exceptions in which such directors or officers are adjudged to be liable to the Registrant;

·                  the Registrant is required to advance expenses, as incurred, to its directors and officers in connection with a legal proceeding to the fullest extent permitted by the Delaware General Corporation Law, subject to limited exceptions; and

·                  the rights conferred in the bylaws are not exclusive.

 

                                                In addition, the Registrant is entering into indemnity agreements with each of its current directors and officers. These agreements provide for the indemnification of the Registrant’s officers and directors for all expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were agents of the Registrant. At present, there is no pending litigation or proceeding involving a director, officer or employee of the Registrant regarding which indemnification is sought, nor is the Registrant aware of any threatened litigation that may result in claims for indemnification.

 

                                                The Registrant also has obtained directors’ and officers’ insurance to cover its directors, officers and some of the Registrant’s employees for liabilities, including coverage for public securities matters.

 

                                                Reference is made to the underwriting agreement filed as Exhibit 1.1 to Registrant’s Registration Statement on Form S-1 (Registration No. 333-141884), as amended, pursuant to which the underwriters have agreed to indemnify the Registrant’s officers and directors against certain liabilities under the Securities Act.

 

Item 7.             Exemption from Registration Claimed

 

                                                Not applicable.

 

Item 8.             Exhibits

 

Number		Exhibit
4		Instruments Defining Rights of Stockholders. Reference is made to Registrant’s (i) Registration Statement No. 001-33554 on Form 8-A which is incorporated herein by reference pursuant to Item 3(c).
5.1		Opinion and consent of DLA Piper US LLP.
23.1		Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
23.2		Consent of DLA Piper US LLP is contained in Exhibit 5.
24.1		Power of Attorney. Reference is made to page II-4 of this Registration Statement.
99.1		2007 Equity Incentive Plan (which is incorporated herein by reference to Exhibit 10.3 to the Registration Statement on Form S-1 (Registration No. 333-141884), as amended).

 

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 of 1933 Act, as amended (the “1933 Act”), (ii) to reflect in the

 

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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 plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall not apply if the information required to be included in a post-effective amendment by those clauses 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 1934 Act that are incorporated by reference into this Registration Statement; (2) that for the purpose of determining any liability under the 1933 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 (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 Registrant’s 2007 Equity Incentive Plan.

 

                                                B.                                     The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act that is incorporated by reference into 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 1933 Act may be permitted to directors, officers, or controlling persons of the Registrant pursuant to the indemnification provisions summarized in Item 6 or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the 1933 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 1933 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, 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 Houston, State of Texas on this 22nd day of February, 2008.

 

	PROS HOLDINGS, INC.
	By:	/s/ Albert E. Winemiller
		Albert E. Winemiller
		Chief Executive Officer and President

 

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POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS:

 

                                                That the undersigned officers and directors of PROS Holdings, Inc., a Delaware corporation, do hereby constitute and appoint Albert E. Winemiller and Charles H. Murphy, and each of them, the lawful attorneys-in-fact and agents with full power of substitution, each with power to act alone, and authority to do any and all acts and things and to execute any and all instruments which said attorneys and agents, and any one of them, determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement.  Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby ratifies and confirms that all said attorneys and agents, or any one of them, shall do or cause to be done by virtue hereof.  This Power of Attorney may be signed in several counterparts.

 

                                                Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on February 22, 2008.

 

Signature		Title
/s/ Albert E. Winemiller		Chief Executive Officer, President and Director
Albert E. Winemiller		(Principal Executive Officer)
/s/ Charles H. Murphy		Executive Vice President and Chief Financial Officer
Charles H. Murphy		(Principal Financial Officer)
/s/ Ronald Woestemeyer		Executive Vice President, Strategic Business Planning
Ronald Woestemeyer		and Director
/s/ Kurt R. Jaggers		Director
Kurt R. Jaggers
/s/ Harry S. Gruner		Director
Harry S. Gruner
/s/ Mariette M. Woestemeyer		Director
Mariette M. Woestemeyer
/s/ Greg B. Petersen		Director
Greg B. Petersen
/s/ Timothy V. Williams		Director
Timothy V. Williams

 

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EXHIBIT INDEX

 

Number		Exhibit
4		Instruments Defining Rights of Stockholders. Reference is made to Registrant’s (i) Registration Statement No. 000-29823 on Form 8-A which is incorporated herein by reference pursuant to Item 3(c) and (ii) 2007 Equity Incentive Plan (which is incorporated herein by reference to Exhibit 10.3 to the Registration Statement on Form S-1 (Registration No. 333-141884), as amended).
5.1		Opinion and consent of DLA Piper US LLP.
23.1		Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
23.2		Consent of DLA Piper US LLP is contained in Exhibit 5.
24.1		Power of Attorney. Reference is made to page II-4 of this Registration Statement.
99.1		2007 Equity Incentive Plan (which is incorporated herein by reference to Exhibit 10.3 to the Registration Statement on Form S-1 (Registration No. 333-141884), as amended).