As filed with the Securities and Exchange
Commission on December 20, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
WINNEBAGO INDUSTRIES, INC.
(Exact
name of registrant as specified in its charter)
|
Minnesota |
|
42-0802678 |
|
|
(State or
other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer
Identification No.) |
|
|
|
|
|
|
|
13200
Pioneer Trail, Eden Prairie, Minnesota |
|
55347 |
|
|
(Address of Principal Executive
Offices) |
|
(Zip Code) |
|
WINNEBAGO INDUSTRIES, INC. AMENDED AND RESTATED
2019 OMNIBUS INCENTIVE PLAN
WINNEBAGO INDUSTRIES,
INC. EMPLOYEE STOCK PURCHASE PLAN AS AMENDED ON MAY 17, 2023
(Full title of the plans)
Stacy L. Bogart
Senior Vice President, General Counsel, Secretary
and Corporate Responsibility
Winnebago Industries, Inc.
13200 Pioneer Trail, Eden Prairie, Minnesota
55347
(952) 829-8600
(Name,
address, and telephone number, including area code, of agent for service)
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 x |
|
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. ¨
EXPLANATORY NOTE
The shareholders of Winnebago Industries, Inc. (the “Company”
or the “Registrant”) approved the Winnebago Industries, Inc. Amended and Restated 2019 Omnibus Incentive Plan (as amended
and restated, the “2019 Plan”) and the Winnebago Industries, Inc. Employee Stock Purchase Plan as Amended on May 17, 2023
(as amended, the “ESPP”) on December 14, 2023 (the “Effective Date”).
This Registration Statement on Form S-8 is being filed with the Securities
and Exchange Commission (the “Commission”) for the purpose of registering an additional 2,400,000 shares of common stock,
$0.50 par value per share, of the Registrant (“Common Stock”) for issuance pursuant to the 2019 Plan and an additional 400,000
shares of Common Stock for issuance pursuant to the ESPP as of the Effective Date. These shares are in addition to the shares previously
registered on Registrant’s Registration Statements on Form S-8 with respect to the 2019 Plan pursuant to a Registration Statement
on Form
S-8 (No. 333-232220) and the ESPP pursuant to Registration Statement on Form
S-8 (No. 333-222261).
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I of Form
S-8 have been or will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the
“Securities Act”). These documents and the documents incorporated by reference herein 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 Registrant hereby incorporates by reference into this Registration
Statement the following documents filed with the Securities and Exchange Commission (the “Commission”):
| (1) | The Registrant’s Annual Report on Form 10-K
for the year ended August 26, 2023, including information specifically incorporated by
reference into our Annual Report from our definitive proxy statement on Schedule 14A
for our 2023 Annual Meeting of Shareholders, filed with the Commission on October 18, 2023; |
| (2) | The
Registrant’s
Quarterly Report on Form 10-Q for the quarter ended November 25, 2023; |
| (4) | The description of the Registrant’s Common Stock contained in
Exhibit
4.1 to the Registrant’s Annual Report on Form 10-K for the year ended August 26,
2023 filed with the Commission on October 18, 2023, and any amendment or report filed for
the purpose of updating such description. |
All reports and other documents filed by the Company pursuant to Sections
13(a), 13(c), 14, or 15(d) of the Exchange Act prior to the filing of a post-effective amendment that indicates that all of the shares
of Common Stock offered have been sold or that deregisters all shares of the Common Stock then remaining unsold shall be deemed to be
incorporated by reference in and a part of this Registration Statement from the date of 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 incorporated herein by reference or in any other subsequently filed document that also is or is
deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Notwithstanding the foregoing, nothing in this Registration Statement
shall be deemed to incorporate any information deemed to be furnished and not filed with the Commission and exhibits furnished in connection
with such items, including the information we disclose under Item 2.02 or Item 7.01 of any Current Report on Form 8-K that we may from
time to time furnish with the Commission.
Item 4. Description of Securities.
The Company’s Common Stock is registered under Section 12 of the
Exchange Act and, therefore, the description of securities is omitted.
Item 5. Interests of Named Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
The Company is subject to Minnesota Statutes Chapter 302A, the Minnesota
Business Corporation Act (the “Corporation Act”). Section 302A.521 of the Corporation Act provides in substance that
the Company must indemnify a person, including an officer or director, who is made or threatened to be made a party to a proceeding by
reason of the former or present official capacity of the person against judgments, penalties, fines, including, without limitation, excise
taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable expenses, including attorneys’
fees and disbursements, incurred by such person in connection with the proceeding, if certain criteria are met. These criteria, all of
which must be met by the person seeking indemnification, are (i) that such person has not been indemnified by another organization
or employee benefit plan for the same judgments, penalties, fines, including, without limitation, excise taxes assessed against the person
with respect to an employee benefit plan, settlements, and reasonable expenses, including attorneys’ fees and disbursements, incurred
by the person in connection with the proceeding with respect to the same acts or omissions; (ii) that such person must have acted
in good faith; (iii) that no improper personal benefit was obtained by such person and such person satisfied certain statutory conflicts
of interest provisions, if applicable; (iv) that in the case of a criminal proceeding, such person had no reasonable cause to believe
that the conduct was unlawful; and (v) that, in the case of acts or omissions occurring in such person’s performance in an
official capacity, such person must have acted in a manner such person reasonably believed was in the best interests of the corporation
or, in certain limited circumstances, not opposed to the best interests of the corporation. In addition, Section 302A.521, Subdivision
3, requires payment by the Company, upon written request, of reasonable expenses in advance of final disposition in certain instances.
A decision as to required indemnification is made by a majority of the disinterested board of directors present at a meeting at which
a disinterested quorum is present, or by a designated committee of disinterested directors, by special legal counsel, by the disinterested
shareholders, or by a court.
The Company also maintains a director and officer insurance policy to
insure its directors and officers against certain liabilities.
Item 7. Exemption from Registration Claimed.
Not applicable. No securities are to be re-offered or resold
pursuant to this Registration Statement.
Item 8. Exhibits.
Item 9. Undertakings.
A. The Company 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; |
| (ii) | To reflect in the prospectus any facts or events arising after
the effective date of the 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 the Registration Statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the |
| | low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no
more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation
of Registration Fee” table in the effective Registration Statement; and |
| (iii) | 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; |
provided, however, that paragraphs (A)(1)(i) and (A)(1)(ii)
do not apply if the Registration Statement is on Form S-8 and the information required to be included in a post-effective amendment by
those paragraphs is contained in reports filed with or furnished to the Securities and Exchange Commission by the Company pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.
| (2) | That, for the purpose of determining any liability under the Securities
Act of 1933, 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 Company hereby undertakes that, for purposes of determining any liability
under the Securities Act of 1933, each filing of the Company’s annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of
the Securities Exchange Act of 1934) that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the securities offered
herein, 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 of 1933 may be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company 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 of 1933 and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment by
the Company of expenses incurred or paid by a director, officer or controlling person of
the Company 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 Company 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 of 1933 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 Eden
Prairie, State of Minnesota, on December 20, 2023.
|
|
WINNEBAGO
INDUSTRIES, INC. |
|
|
|
|
|
|
|
|
By: |
/s/
Stacy L. Bogart |
|
|
|
Stacy
L. Bogart |
|
|
|
Senior
Vice President, General Counsel, Secretary and Corporate Responsibility |
|
SIGNATURES AND
POWER OF ATTORNEY
The undersigned director and/or officer of Winnebago Industries, Inc.,
a Minnesota corporation (the “Company”), does hereby make, constitute and appoint Michael J. Happe, Bryan L. Hughes and Stacy
L. Bogart, and each of them, his or her true and lawful attorneys-in-fact, with full power of substitution, for the undersigned and in
his or her name, place and stead, to sign and affix the undersigned’s name as director and/or officer of the Company to a Registration
Statement or Registration Statements, on Form S-8 or other applicable form, and all amendments (including post-effective amendments)
thereto, to be filed by the Company with the Securities and Exchange Commission (the “SEC”), in connection with the registration
under the Securities Act of 1933, as amended, of shares of Common Stock or other securities proposed to be issued or sold by the Company
pursuant to the Winnebago Industries, Inc. Amended and Restated 2019 Omnibus Incentive Plan and the Winnebago Industries, Inc. Employee
Stock Purchase Program and to file the same with the SEC, granting unto these attorneys-in-fact, full power and authority to do and perform
any and all acts necessary or incidental to the performance and execution of the powers herein expressly granted.
Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on December 20, 2023.
SIGNATURE |
|
TITLE |
|
|
|
/s/
Michael J. Happe |
|
Chief
Executive Officer, President and Director |
Michael
J. Happe |
|
(Principal
Executive Officer) |
|
|
|
/s/
Bryan L. Hughes |
|
Senior
Vice President, Chief Financial Officer |
Bryan
L. Hughes |
|
(Principal
Financial and Accounting Officer) |
|
|
|
/s/
Sara E. Armbruster |
|
Director |
Sara E.
Armbruster |
|
|
|
|
|
/s/
Christopher J. Braun |
|
Director |
Christopher
J. Braun |
|
|
|
|
|
/s/
Kevin E. Bryant |
|
Director |
Kevin
E. Bryant |
|
|
|
|
|
/s/
William C. Fisher |
|
Director |
William
C. Fisher |
|
|
|
|
|
/s/
Staci L. Kroon |
|
Director |
Staci
L. Kroon |
|
|
|
|
|
/s/
David W. Miles |
|
Director |
David
W. Miles |
|
|
|
|
|
/s/
Richard D. Moss |
|
Director |
Richard
D. Moss |
|
|
/s/
John M. Murabito |
Director |
John M.
Murabito |
|
|
|
/s/
Jacqueline D. Woods |
Director |
Jacqueline
D. Woods |
|
Exhibit 5.1
Faegre Drinker Biddle & Reath LLP
2200 Wells Fargo Center, 90 South Seventh Street
Minneapolis, Minnesota 55402-3901
Phone +1 612 766 7000
Fax +1 612 766 1600
December 20, 2023
Winnebago Industries, Inc.
13200 Pioneer Trail
Eden Prairie, Minnesota 55347
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel to Winnebago Industries,
Inc., a Minnesota corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange
Commission (the “Commission”) of the Company’s Registration Statement on Form S-8 (the “Registration Statement”)
under the Securities Act of 1933, as amended (the “Act”), registering the offer and sale of up to (i) an additional 2,400,000
shares of the Company’s Common Stock, $.50 par value per share (the “2019 Plan Shares”), which may be issued pursuant
to the Winnebago Industries, Inc. 2019 Amended and Restated Omnibus Incentive Plan (as amended and restated, the “2019 Plan”),
and (ii) an additional 400,000 shares of the Company’s Common Stock, $.50 par value per share (the “ESPP Shares” and,
together with the 2019 Shares, the “Shares”), which may be issued pursuant to the Winnebago Industries, Inc. Employee Stock
Purchase Program as Amended on May 17, 2023 (as amended, the “ESPP” and, together with the 2019 Plan, the “Plans”).
For purposes of this opinion letter, we have examined
the Plans, the Registration Statement, the Articles of Incorporation, as currently in effect, and the Bylaws, as currently in effect,
of the Company, the resolutions of the Company’s board of directors authorizing the issuance of the Shares and such corporate and
other records, agreements, instruments, certificates of public officials and documents as we have deemed necessary as a basis for the
opinions hereinafter expressed and have made such examination of statutes as we have deemed relevant and necessary in connection with
the opinions hereinafter expressed. As to facts material to this opinion letter, we have relied upon certificates, statements, or representations
of public officials, of officers and representatives of the Company and of others, without any independent verification thereof.
In our examination, we have assumed: (i) the legal
capacity of all natural persons; (ii) the genuineness of all signatures; (iii) the authenticity of all documents submitted to us as originals;
(iv) the conformity to original documents of all documents submitted to us as certified, conformed, photostatic or facsimile copies; (v)
the authenticity of the originals of such latter documents; (vi) the truth, accuracy and completeness of the information, representations
and warranties contained in the records, documents, instruments, certificates and records we have reviewed; and (vii) the absence of any
undisclosed modifications to the agreements and instruments reviewed by us.
Based on and subject to the foregoing and to the
other qualifications, assumptions and limitations set forth herein, we are of the opinion that all necessary corporate action on the part
of the Company has been taken to authorize the issuance and sale of the Shares to be issued in accordance with the applicable Plan and
that, when (a) the Shares have been issued and sold as contemplated in the Registration Statement and related prospectus and in accordance
with the applicable Plan, and (b) the consideration for the Shares specified in the applicable Plan has been received by the Company,
the Shares will be validly issued, fully paid and nonassessable.
We are admitted to the practice of law in the State
of Minnesota.
This opinion speaks only as of the date the Registration
Statement becomes effective under the Act, and we assume no obligation to revise or supplement this opinion thereafter. This opinion is
limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein.
We hereby consent to the filing of this opinion as
an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are within the category of persons whose
consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Yours very truly,
|
FAEGRE DRINKER BIDDLE & REATH LLP |
|
|
|
|
|
|
|
|
By: |
/s/ Amy C. Seidel |
|
|
|
Amy C. Seidel |
|
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
We consent to the incorporation by reference in this Registration Statement
on Form S-8 of our reports dated October 18, 2023, relating to the financial statements of Winnebago Industries, Inc. and the effectiveness
of Winnebago Industries, Inc.’s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Winnebago
Industries, Inc. for the year ended August 26, 2023.
/s/ Deloitte & Touch LLP
Minneapolis, Minnesota
December 20, 2023
Exhibit 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
WINNEBAGO INDUSTRIES, INC.
(Exact Name of Registrant as Specified
in its Charter)
Table 1: Newly Registered Securities
Security
Type |
Security
Class Title |
Fee
Calculation
Rule |
Amount
Registered(1) |
Proposed
Maximum
Offering
Price Per
Unit |
Maximum
Aggregate
Offering Price |
Fee Rate |
Amount of
Registration
Fee |
Equity |
Common Stock, par value $0.50 per share |
457(c) and 457(h) |
2,400,000 (2) |
$68.72(4) |
$164,928,000 |
0.00014760 |
$24,343.38 |
Equity |
Common Stock, par value $0.50 per share |
457(c) and 457(h) |
400,000 (3) |
$68.72(4) |
$27,488,000 |
0.00014760 |
$4,057.23 |
Total Offering Amounts |
|
$192,416,000 |
|
$28,400.61 |
Total Fee Offsets |
|
|
|
$0 |
Net Fee Due |
|
|
|
$28,400.61 |
| (1) | Pursuant to Rule 416(a) under the Securities Act of 1933,
as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Common Stock that
become issuable under the Winnebago Industries, Inc. Amended and Restated 2019 Omnibus Incentive Plan (as amended and restated, the “2019
Plan”) and the Winnebago Industries, Inc. Employee Stock Purchase Program as Amended on May 17, 2023 (as amended, the “ESPP”)
by reason of any stock split, stock dividend or other similar transaction effected without the receipt of consideration which results
in an increase in the number of shares of outstanding Common Stock. |
| (2) | Represents shares of Common Stock registered pursuant to the 2019 Plan. |
| (3) | Represents shares of Common Stock registered pursuant to the ESPP. |
| (4) | Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and
Rule 457(h) of the Securities Act. The proposed maximum offering price per share is calculated on the basis of $68.72,
the average of the high and low price of the Company’s common stock on December 13, 2023,
as reported on the New York Stock Exchange, which is within five business days prior to filing this Registration Statement. |
Winnebago Industries (NYSE:WGO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Winnebago Industries (NYSE:WGO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024