As filed with the Securities and Exchange Commission on July 27, 2005
Registration No. 333-______
_________________
FORM S-8
REGISTRATION
STATEMENT
Under
THE SECURITIES ACT OF 1933
_________________
HUDSON HIGHLAND GROUP, INC. |
(Exact name of registrant as specified in its charter) |
Delaware | 59-3547281 |
(State or other jurisdiction of | (I.R.S. Employer |
incorporation or organization) | Identification No.) |
622 Third Avenue | |
New York, New York | 10017 |
(Address of principal executive offices) | (Zip Code) |
Hudson Highland Group, Inc. Long Term Incentive Plan |
(Full title of the plan) |
_________________
Latham Williams | Copy to: |
Vice President, Legal Affairs and Administration, | |
Corporate Secretary | Benjamin F. Garmer, III |
Hudson Highland Group, Inc. | Foley & Lardner LLP |
10 South Wacker Drive, Suite 2600 | 777 East Wisconsin Avenue |
Chicago, Illinois 60606 | Milwaukee, Wisconsin 53202 |
(312) 795-4216 | (414) 271-2400 |
(Name, address and 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 |
Proposed Maximum Aggregate Offering Price |
Amount of Registration Fee |
Common Stock, | 1,200,000 shares | $18.17 (2) | $21,804 | $2,567 |
$.001 par value | ||||
Preferred Stock | 1,200,000 rights | (3) | (3) | (3) |
Purchase Rights | ||||
(1) | Pursuant to Rule 416 under the Securities Act of 1933, this Registration Statement also covers an indeterminate number of additional shares of Common Stock that may become issuable as a result of stock splits, stock dividends or similar transactions pursuant to the anti-dilution provisions of the Hudson Highland Group, Inc. Long Term Incentive Plan. |
(2) | Estimated pursuant to Rule 457(c) and (h) under the Securities Act of 1933 solely for the purpose of calculating the registration fee based on the average of the high and low prices for Hudson Highland Group, Inc. Common Stock on The Nasdaq National Market on July 21, 2005. |
(3) | The value attributable to the Preferred Stock Purchase Rights is reflected in the market price of the Common Stock to which the Rights are attached. |
_________________
On April 1, 2003 and June 30, 2004, Hudson Highland Group, Inc. (the Registrant), filed Registration Statements on Form S-8 (File Nos. 333-104209 and 333-117005) to register 1,000,000 shares and 500,000 shares, respectively, of the Registrants Common Stock, par value $.001 per share (the Common Stock), issuable under the Hudson Highland Group, Inc. Long Term incentive Plan (the Incentive Plan). As a result of the two-for-one stock split of the Registrants Common Stock paid on February 25, 2005 to holders of record as of February 14, 2005 (the Stock Split) and pursuant to Rule 416 under the Securities Act of 1933, as amended, the number of shares of Common Stock registered under such Registration Statements increased to 2,503,626.
On February 28, 2005, the Board of Directors of the Registrant approved an amendment to the Incentive Plan to increase the number of shares of Common Stock available under the Incentive Plan by 1,200,000 (after taking into account the Stock Split) to 3,703,626. At the Registrants 2005 Annual Meeting of Stockholders held on May 6, 2005, the stockholders of the Registrant approved this amendment. The purpose of this Registration Statement is to register 1,200,000 additional shares of the Common Stock (and associated preferred stock purchase rights) in connection with the Incentive Plan.
Pursuant to General Instruction E of Form S-8, the contents of the Registrants Registration Statements on Form S-8 (Reg. Nos. 333-104209 and 333-117005), including the documents incorporated by reference therein, are incorporated by reference into this Registration Statement.
Item 8. | Exhibits. |
The exhibits set forth in the accompanying Exhibit Index are filed (except where otherwise indicated) with this Registration Statement.
-2-
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 New York, State of New York, on this 27th day of July, 2005.
HUDSON HIGHLAND GROUP, INC. | |
By: /s/ Jon F. Chait | |
Jon F. Chait | |
Chairman and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature | Title | Date |
/s/ Jon F. Chait |
Chairman, Chief Executive Officer and | July 27, 2005 |
Jon F. Chait | Director (Principal Executive Officer) | |
/s/ Richard W. Pehlke |
Executive Vice President, Chief | July 27, 2005 |
Richard W. Pehlke | Financial Officer and Director | |
(Principal Financial Officer) | ||
/s/ Ralph L. O'Hara |
Vice President, Controller (Principal | July 27, 2005 |
Ralph L. O'Hara | Accounting Officer) | |
* |
Director | July 27, 2005 |
John J. Haley | ||
* |
Director | July 27, 2005 |
Jennifer Laing | ||
* |
Director | July 27, 2005 |
Nicholas G. Moore | ||
* |
Director | July 27, 2005 |
David G. Offensend | ||
* |
Director | July 27, 2005 |
Rene Schuster |
*By: | /s/
Jon F. Chait Jon F. Chait Attorney-in-fact |
S-1
EXHIBIT INDEX
Exhibit Number |
Exhibit Description |
(4.1) | Hudson Highland Group, Inc. Long Term Incentive Plan, as amended. [Incorporated by reference to Annex A to the Registrants Definitive Proxy Statement on Schedule 14A filed on March 28, 2005 (File No. 000-50129)] |
(4.2) | Rights Agreement, dated as of February 2, 2005, between the Registrant and The Bank of New York [Incorporated by reference to Exhibit 4.1 to the Registrants Registration Statement on Form 8-A filed on February 3, 2005 (File No. 000-50129)]. |
(5) | Opinion of Foley & Lardner LLP. |
(23.1) | Consent of BDO Seidman, LLP. |
(23.2) | Consent of Foley & Lardner LLP (filed as part of Exhibit (5)). |
(24) | Powers of Attorney. |
E-1
FOLEY & LARDNER LLP ATTORNEYS AT LAW | ||
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777 EAST WISCONSIN AVENUE, SUITE 3800 MILWAUKEE, WISCONSIN 53202-5306 414.271.2400 TEL 414.297.4900 FAX www.foley.com | ||
July 27, 2005 |
Highland Hudson Group, Inc.
622 Third
Avenue
New York, New York 10017
Ladies and Gentlemen:
We have acted as counsel for Hudson Highland Group, Inc., a Delaware corporation (the Company), in conjunction with the preparation of a Registration Statement on Form S-8 (the Registration Statement) to be filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the Securities Act), relating to 1,200,000 additional shares of the Companys common stock, $.001 par value (the Common Stock), and associated preferred share purchase rights (the Rights), which may be issued pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, as amended (the Plan). The terms of the Rights are as set forth in that certain Rights Agreement, dated as of February 2, 2005 (the Rights Agreement), between the Company and The Bank of New York, as Rights Agent.
As such counsel, we have examined: (i) the Plan; (ii) the Registration Statement; (iii) the Rights Agreement; (iv) the Companys Restated Certificate of Incorporation and By-Laws, as amended to date; (v) resolutions of the Companys Board of Directors relating to the Plan and the issuance of securities thereunder; and (vi) such other documents and records as we have deemed necessary to enable us to render this opinion.
Based upon the foregoing, we are of the opinion that:
1. The shares of Common Stock, when issued by the Company pursuant to the terms and conditions of the Plan and as contemplated by the Registration Statement, will be validly issued, fully paid and nonassessable and no personal liability will attach to the ownership thereof.
2. The Rights to be issued with shares of Common Stock when issued pursuant to the Rights Agreement will be validly issued.
We consent to the use of this opinion as an exhibit to the Registration Statement. In giving our consent, we do not admit that we are experts within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.
Very truly yours, | |
/s/ Foley & Lardner LLP |
BOSTON BRUSSELS CHICAGO DETROIT |
JACKSONVILLE LOS ANGELES MADISON MILWAUKEE |
NEW YORK ORLANDO SACRAMENTO SAN DIEGO |
SAN DIEGO/DEL MAR SAN FRANCISCO SILICON VALLEY TALLAHASSEE |
TAMPA TOKYO WASHINGTON, D.C. WEST PALM BEACH |
Consent of Independent Registered Public Accounting Firm
Hudson Highland Group,
Inc.
New York, New York
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated March 8, 2005, relating to the consolidated financial statements, the effectiveness of Hudson Highland Group, Inc.s internal control over financial reporting and the schedule of Hudson Highland Group, Inc. appearing in the Companys Annual Report on Form 10-K for the year ended December 31, 2004.
/s/ BDO Seidman, LLP
New York, New York
July 27, 2005
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, That I
John J. Haley
hereby constitute and appoint Jon F. Chait, Richard W. Pehlke and Latham Williams, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Hudson Highland Group, Inc. (the Company) to any post-effective amendments or supplements to the Registration Statement on Form S-8 (Registration No. 333-104209), relating to the shares of common stock to be issued by the Company pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission in connection with the registration of the above-referenced shares of common stock under the Securities Act of 1933, as amended.
I hereby ratify and confirm all that said attorneys-in-fact and agents, or each of them, have done or shall lawfully do by virtue of this Power of Attorney.
WITNESS my hand this 27th day of July, 2005.
/s/ John J. Haley John J. Haley |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, That I
Jennifer Laing
hereby constitute and appoint Jon F. Chait, Richard W. Pehlke and Latham Williams, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Hudson Highland Group, Inc. (the Company) to any post-effective amendments or supplements to the Registration Statement on Form S-8 (Registration No. 333-104209), relating to the shares of common stock to be issued by the Company pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission in connection with the registration of the above-referenced shares of common stock under the Securities Act of 1933, as amended.
I hereby ratify and confirm all that said attorneys-in-fact and agents, or each of them, have done or shall lawfully do by virtue of this Power of Attorney.
WITNESS my hand this 27th day of July, 2005.
/s/ Jennifer Laing Jennifer Laing |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, That I
Nicholas G. Moore
hereby constitute and appoint Jon F. Chait, Richard W. Pehlke and Latham Williams, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Hudson Highland Group, Inc. (the Company) to any post-effective amendments or supplements to the Registration Statement on Form S-8 (Registration No. 333-104209), relating to the shares of common stock to be issued by the Company pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission in connection with the registration of the above-referenced shares of common stock under the Securities Act of 1933, as amended.
I hereby ratify and confirm all that said attorneys-in-fact and agents, or each of them, have done or shall lawfully do by virtue of this Power of Attorney.
WITNESS my hand this 27th day of July, 2005.
/s/ Nicholas G. Moore Nicholas G. Moore |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, That I
David G. Offensend
hereby constitute and appoint Jon F. Chait, Richard W. Pehlke and Latham Williams, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Hudson Highland Group, Inc. (the Company) to any post-effective amendments or supplements to the Registration Statement on Form S-8 (Registration No. 333-104209), relating to the shares of common stock to be issued by the Company pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission in connection with the registration of the above-referenced shares of common stock under the Securities Act of 1933, as amended.
I hereby ratify and confirm all that said attorneys-in-fact and agents, or each of them, have done or shall lawfully do by virtue of this Power of Attorney.
WITNESS my hand this 27th day of July, 2005.
/s/ David G. Offensend David G. Offensend |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, That I
René Schuster
hereby constitute and appoint Jon F. Chait, Richard W. Pehlke and Latham Williams, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Hudson Highland Group, Inc. (the Company) to any post-effective amendments or supplements to the Registration Statement on Form S-8 (Registration No. 333-104209), relating to the shares of common stock to be issued by the Company pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission in connection with the registration of the above-referenced shares of common stock under the Securities Act of 1933, as amended.
I hereby ratify and confirm all that said attorneys-in-fact and agents, or each of them, have done or shall lawfully do by virtue of this Power of Attorney.
WITNESS my hand this 27th day of July, 2005.
/s/ René Schuster René Schuster |