Securities Registration: Employee Benefit Plan (s-8)
18 August 2021 - 10:55PM
Edgar (US Regulatory)
As
filed with the Securities and Exchange Commission on August 18, 2021
Registration
No. 333-
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
S-8
REGISTRATION
STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
Houston
American Energy Corp.
(Exact
name of registrant as specified in its charter)
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Delaware
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76-0675953
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(State
or other jurisdiction of
incorporation
or organization)
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(I.R.S.
Employer
Identification
Number)
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801
Travis St., Suite 1425
Houston,
TX 77002
(713)
222-6966
(Address,
including zip code, and telephone number, including area code, of principal executive offices)
2021
Equity Incentive Plan
(full
title of the plan)
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John
Terwilliger
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with
a copy to:
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President
and Chief Executive Officer
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Houston
American Energy Corp.
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Michael
W. Sanders, Esq.
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801
Travis St., Suite 1425
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20701
Hamilton Pool Rd.
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Houston,
Texas 77002
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Dripping
Springs, Texas 78620
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(713)
222-6966
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(512)
264-2062
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(Name,
address and telephone number, including area code, of agent for service)
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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 definitions of “large accelerated filer,” “accelerated filer,” “smaller
reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large
accelerated filer
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☐
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Accelerated
filer
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☐
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Non-accelerated
filer
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☒
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Smaller
reporting company
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☒
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Emerging
growth company
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☐
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If
an emerging growth company, indicate by check market 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.
CALCULATION
OF REGISTRATION FEE
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Title of Each Class of Securities to be Registered
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Amount to be Registered(1)
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Proposed Maximum Offering Price Per Security
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Proposed Maximum Aggregate Offering Price
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Amount of Registration Fee
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Common Stock, $0.001 par value (2)
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500,000
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$
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1.59
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(3)
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$
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795,000
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$
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86.73
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Total:
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500,000
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$
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795,000
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$
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86.73
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(1)
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This
registration statement, pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), covers
an indeterminate number of additional shares of common stock with respect to the shares registered hereunder in the event of a stock
split, stock dividend or similar transaction.
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(2)
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Represents
shares of Common Stock reserved for issuance pursuant to awards granted under the Company’s 2021 Equity Incentive Plan.
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(3)
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Estimated
solely for purposes of calculating the registration fee in accordance with Rule 457(c) and 457(h)(1) under the Securities Act using
the average of the high and low price as reported on the NYSE American on August 17, 2021.
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PART
I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
This
registration statement registers shares of common stock, par value $0.001 per share, of Houston American Energy Corp., a Delaware corporation
(the “Company”), that may be issued and sold under the Company’s 2021 Equity Incentive Plan (the “Plan”).
Item
1. Plan Information.*
Item
2. Registrant Information and Employee Plan Annual Information.*
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*
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The
documents containing the information specified in Part I of Form S-8 will be sent or given to participants in the Plan as specified
by Rule 428(b)(1) of 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 of the Securities
Act. These documents and the documents incorporated by reference in this registration statement pursuant to Item 3 of Part II of
this registration statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
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PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item
3. Incorporation of Documents by Reference.
The
following documents have been previously filed by the Company with the SEC and are hereby incorporated by reference into this registration
statement as of their respective dates:
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●
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our
annual report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 1, 2021;
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●
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the
information specifically incorporated by reference into our annual report on Form 10-K for the year ended December 31, 2020 from
our definitive proxy statement on Schedule 14A filed with the SEC on April 28, 2021;
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●
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our
quarterly reports on Form 10-Q for the quarterly period ended March 31, 2021, filed with the SEC on May 17, 2021, and for the quarterly
period ended June 30, 2021, filed with the SEC on August 13, 2021;
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●
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our
current reports on Form 8-K filed with the SEC on January 27, 2021, February 3, 2021 and June 11, 2021 (in each case excluding Items
2.02 or 7.01, which have been “furnished” but not “filed” for purposes of the Exchange Act of 1934, as amended);
and
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●
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our
Registration Statement on Form 8-A, filed with the SEC on July 26, 2010, including any amendments or reports filed for the purpose
of updating the description of our common stock therein;
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All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing
of a post-effective amendment to this registration statement which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof
from the date of filing of such documents with the SEC.
Item
4. Description of Securities.
Not
applicable.
Item
5. Interests of Named Experts and Counsel.
The
validity of the securities being offered hereby will be passed upon for us by Michael W. Sanders, Attorney at Law. Michael W. Sanders,
Attorney at Law owns stock options to purchase 8,000 shares of our common stock.
Item
6. Indemnification of Directors and Officers.
Section
145 of the Delaware General Corporation Law authorizes a corporation to indemnify its directors and officers against liabilities arising
out of actions, suits and proceedings to which they are made or threatened to be made a party by reason of the fact of their prior or
current service to the Company as a director or officer. The indemnity may cover expenses (including attorneys’ fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by the director or officer in connection with any such action,
suit or proceeding. Section 145 permits corporations to pay expenses (including attorneys’ fees) incurred by directors and officers
in advance of the final disposition of such action, suit or proceeding. In addition, Section 145 provides that a corporation has the
power to purchase and maintain insurance on behalf of its directors and officers against any liability asserted against them and incurred
by them in their capacity as a director or officer, or arising out of their status as such, whether or not the corporation would have
the power to indemnify the director or officer against such liability under Section 145.
Our
certificate of incorporation provides that, to the fullest extent permitted by the Delaware General Corporation Law, (1) a director shall
not be personally liable to Houston American Energy Corp. or its stockholders for monetary damages for breach of fiduciary duty as a
director, and (2) we shall indemnify any director or officer made a party to an action or proceeding, whether criminal, civil, administrative
or investigative, by reason of the fact of such person’s current or prior service as a director or officer of Houston American
Energy Corp., any predecessor of Houston American Energy or any other enterprise per Houston American Energy’s or any predecessor
to Houston American Energy’s request.
Our
amended and restated bylaws provide that (a) we shall indemnify our directors and officers against any judgments, penalties (including
excise taxes), fines, amounts paid in settlement and reasonable expenses (including court costs and attorneys’ fees) actually and
reasonably incurred in connection with any proceeding, whether civil, criminal, administrative or investigative, arising by reason of
the fact that such person is or was an agent of the corporation, subject to certain limited exceptions, (b) we shall advance expenses
incurred by any director or officer prior to the final disposition of any proceeding to which the director or officer was or is or is
threatened to be made a party promptly following a request therefore, subject to certain limited exceptions, and (c) the rights conferred
in our bylaws are not exclusive.
We
have also obtained an insurance policy covering our directors and officers with respect to certain liabilities, including liabilities
arising under the Securities Act of 1933.
Item
7. Exemption from Registration Claimed.
Not
applicable.
Item
8. Exhibits.
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;
(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 this 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 Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration
Fee” table in the effective registration statement;
(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 paragraphs (i) and (ii) above do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d)
of the Exchange Act that are incorporated by reference in this registration statement.
(2)
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.
(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 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 Exchange Act (and, where applicable, each filing
of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in
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 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 SEC
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 as to 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, 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 Houston, Texas, on August 18, 2021.
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HOUSTON
AMERICAN ENERGY CORP.
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By:
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/s/
John Terwilliger
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John
Terwilliger
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President
and Chief Executive Officer
(Principal
Executive Officer)
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SIGNATURES
AND POWER OF ATTORNEY
Each
of the undersigned officers and directors of Houston American Energy Corp., a Delaware corporation, hereby constitutes and appoints John
Terwilliger as his true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, in his name and on
his behalf, to sign in any and all capacities this registration statement and any and all amendments (including post-effective amendments)
and exhibits to this registration statement, and to file any and all applications and other documents relating thereto with the Securities
and Exchange Commission, with full power and authority to perform and do any and all acts and things whatsoever which such attorney or
substitute may deem necessary or advisable to be performed or done in connection with any or all of the above-described matters, as fully
as each of the undersigned could do if personally present and acting, hereby ratifying and approving all acts of any such attorney or
substitute.
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.
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Name
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Position
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Date
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/s/
John Terwilliger
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Chief
Executive Officer and President
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August
18, 2021
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John
Terwilliger
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(Principal
Executive Officer and Principal Financial Officer)
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/s/
Stephen Hartzell
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Director
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August
18, 2021
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Stephen
Hartzell
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/s/
R. Keith Grimes
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Director
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August
18, 2021
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R.
Keith Grimes
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/s/
James Schoonover
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Director
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August
18, 2021
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James
Schoonover
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