As filed with the Securities and Exchange Commission on June 15, 2020.
Registration No. 333-233573
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post-Effective Amendment No. 1
TO
Form S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
HEALTHEQUITY, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 52-2383166 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
| 15 W. Scenic Pointe Dr., Suite 100 Draper, Utah |
84020 | |
| (Address of Principal Executive Offices) | (Zip Code) |
HealthEquity, Inc. 2014 Equity Incentive Plan
(Full title of the plan)
Jon Kessler
President and Chief Executive Officer
15 W. Scenic Pointe Dr., Ste. 100
Draper, Utah 84020
(Name and address of agent for service)
(801) 727-1000
(Telephone number, including area code, of agent for service)
Copies to:
Steven
Gartner, Esq.
Michael A. Katz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh
Avenue
New York, New York 10019
(212) 728-8000
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. ¨
DEREGISTRATION OF SECURITIES
HealthEquity, Inc. (the “Company”) is filing this Post-Effective Amendment to the registration statement on Form S-8 (Registration No. 333-233573) (the “Registration Statement”) to withdraw and remove from registration 5,255,027 unissued and unsold shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) that were originally registered under the Registration Statement.
On August 30, 2019, pursuant to the Agreement and Plan of Merger, dated June 26, 2019, by and among the Company, WageWorks, Inc. (“WageWorks”), and Pacific Merger Sub Inc., a wholly owned subsidiary of the Company (“Merger Sub”), Merger Sub merged with and into WageWorks, with WageWorks being the surviving corporation and continuing as a wholly owned subsidiary of the Company. The Registration Statement registered an additional 5,255,027 shares of Common Stock, issuable under the HealthEquity, Inc. 2014 Equity Incentive Plan, as amended and restated (the “Plan”), in accordance with, and subject to the terms and conditions of, an exception under Rule 5635(c)(3) of the NASDAQ Market Rules and Regulations (“Rule 5635(c)(3)”), which additional shares of Common Stock represented the remaining number of shares of common stock, par value $0.001 per share, of WageWorks that were available for issuance under the WageWorks, Inc. Amended and Restated 2010 Equity Incentive Plan.
Pursuant to an exception under Rule 5635(c)(3), shares that are available for grant under a pre-existing shareholder approved plan of an issuer that is acquired in an acquisition or merger, may be used (after appropriate adjustment of the number of shares to reflect the transaction) by the listed acquiring company for certain post-transaction grants, either under the pre-existing plan or another plan, provided that, among other things, the time during which those shares are available for grants is not extended beyond the period when they would have been available under the pre-existing plan, absent the transaction.
The Company has not issued any of the 5,255,027 shares of Common Stock registered under the Registration Statement, and as of May 26, 2020, the shares registered on the Registration Statement were no longer available for issuance, as the time had passed under the pre-existing plan during which the shares would have been available for grants. As a result, the Company cannot issue the 5,255,027 shares of Common Stock registered under the Registration Statement. In accordance with undertakings made by the Company in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the securities that remain unsold at the termination of the offering, the Company hereby removes from registration the securities of the Company registered but unsold under the Registration Statement as of the date hereof.
SIGNATURES
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 Post-Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Draper, State of Utah, on June 15, 2020.
| HEALTHEQUITY, INC. | ||
| By: | /s/ Darcy Mott | |
| Name: | Darcy Mott | |
| Title: | EVP and Chief Financial Officer | |
No other person is required to sign this Post-Effective Amendment No. 1 to the Registration Statement in reliance on Rule 478 of the Securities Act of 1933, as amended.