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As filed with the Securities and Exchange Commission on February 22, 2024 Registration No. 333- | |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| |
| FORM S-8 | |
| REGISTRATION STATEMENT | |
UNDER THE SECURITIES ACT OF 1933 | |
| |
| INFORMATICA INC. | |
| (Exact name of Registrant as specified in its charter) | |
| |
| Delaware | | 61-1999534 | |
(State or other jurisdiction of
incorporation or organization) | | (I.R.S. Employer
Identification No.) | |
Informatica Inc. 2100 Seaport Boulevard Redwood City, California 94063 (650) 385-5000 | |
| (Address of principal executive offices, including zip code) | |
| |
2021 Equity Incentive Plan 2021 Employee Stock Purchase Plan | |
| (Full title of the plan) | |
| |
Amit Walia Chief Executive Officer Informatica Inc. 2100 Seaport Boulevard Redwood City, California 94063 (650) 385-5000 | |
| (Name, address and telephone number, including area code, of agent for service) | |
| |
| Copies to: | |
Jeffrey D. Saper Steven V. Bernard Andrew S. Gillman Wilson Sonsini Goodrich & Rosati, P.C. 650 Page Mill Road Palo Alto, California 94304 (650) 493-9300 | | Bradford Lewis Bridget Logterman Informatica Inc. 2100 Seaport Boulevard Redwood City, California 94063 (650) 385-5000 | |
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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 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 ☒
Non-accelerated filer (Do not check if a smaller reporting company) ☐ Emerging growth company ☐ | Accelerated filer ☐
Smaller reporting 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. ☐ | |
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EXPLANATORY NOTE
This Registration Statement on Form S-8 (the “Registration Statement”) registers additional shares of Class A common stock of Informatica Inc. (the “Registrant”) reserved for issuance under the Registrant’s 2021 Equity Incentive Plan (the “2021 Plan”) and Registrant’s 2021 Employee Stock Purchase Plan (the “2021 ESPP”). The number of shares of the Registrant’s Class A common stock available for grant and issuance under the 2021 Plan is subject to an annual increase on the first day of each fiscal year starting on January 1, 2022, by an amount equal to the least of (i) 41,072,800 shares, (ii) five percent (5%) of the outstanding shares of the Registrant’s Class A and Class B-1 common stock on the last day of the immediately preceding fiscal year or (iii) such other amount as the Registrant’s board of directors shall determine no later than the last day of the immediately preceding fiscal year. The number of shares of the Registrant’s Class A common stock available for grant and issuance under the 2021 ESPP is subject to an annual increase on the first day of each fiscal year starting on January 1, 2022, by an amount equal to the least of (i) 8,214,600 shares, (ii) one percent (1%) of the outstanding shares of the Registrant’s Class A and Class B-1 common stock on the last day of the immediately preceding fiscal year or (iii) such other amount as the Registrant’s board of directors shall determine no later than the last day of the immediately preceding fiscal year.
This Registration Statement registers an aggregate of 17,695,429 shares of Registrant’s Class A common stock consisting of (i) 14,746,191 shares of the Registrant’s Class A common stock available for grant and issuance under the 2021 Plan, all of which became available for grant and issuance on January 1, 2024 and (ii) 2,949,238 shares of the Registrant’s Class A common stock available for grant and issuance under the 2021 ESPP, all of which became available for grant and issuance on January 1, 2024.
PART I
INFORMATION REQUIRED IN THE PROSPECTUS
The information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the equity benefit plans covered by this Registration Statement as specified by Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Securities and Exchange Commission (the “Commission”):
(1) The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on February 22, 2024 pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
(2) All other reports filed by the Registrant with the Commission pursuant to Sections 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (1) above (excluding any documents or portions of documents that are furnished under Item 2.02 or Item 7.01 of a current report on Form 8-K and any exhibits included with such items); and
(3) The description of the Registrant’s Class A Common Stock contained in the Company’s Registration Statement on Form 8-A (File No. 001-40936) filed with the Commission on October 19, 2021, pursuant to Section 12(b) of the Exchange Act, as updated by the description of the Registrant’s securities contained in Exhibit 4.2 to the Registrant’s Annual Report on Form 10-K for its fiscal year ended December 31, 2021, filed with the Commission on March 24, 2022, including any amendment or report filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that 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; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration
Statement. 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 in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law authorizes a corporation’s board of directors to grant, and authorizes a court to award, indemnity to officers, directors, and other corporate agents.
The Registrant’s amended and restated certificate of incorporation contains provisions that limit the liability of its directors for monetary damages to the fullest extent permitted by Delaware law. Consequently, the Registrant’s directors will not be personally liable to the Registrant or its stockholders for monetary damages for any breach of fiduciary duties as directors, except liability for the following:
•any breach of their duty of loyalty to the Registrant or its stockholders;
•any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;
•unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or
•any transaction from which they derived an improper personal benefit.
Any amendment to, or repeal of, these provisions will not eliminate or reduce the effect of these provisions in respect of any act, omission, or claim that occurred or arose prior to that amendment or repeal. If the Delaware General Corporation Law is amended to provide for further limitations on the personal liability of directors of corporations, then the personal liability of the Registrant’s directors will be further limited to the greatest extent permitted by the Delaware General Corporation Law.
In addition, the Registrant’s amended and restated bylaws indemnify, to the fullest extent permitted by law, any person who is or was a party or is threatened to be made a party to any action, suit, or proceeding by reason of the fact that he or she is or was one of the Registrant’s directors or officers or is or was serving at the Registrant’s request as a director or officer of another corporation, partnership, joint venture, trust, or other enterprise. The Registrant’s amended and restated bylaws provide that the Registrant may indemnify to the fullest extent permitted by law any person who is or was a party or is threatened to be made a party to any action, suit, or proceeding by reason of the fact that he or she is or was one of the Registrant’s employees or agents or is or was serving at the Registrant’s request as an employee or agent of another corporation, partnership, joint venture, trust, or other enterprise. The Registrant’s amended and restated bylaws also provide that the Registrant must advance expenses incurred by or on behalf of a director or officer in advance of the final disposition of any action or proceeding, subject to limited exceptions.
Further, the Registrant has entered into indemnification agreements with each of its directors and executive officers that may be broader than the specific indemnification provisions contained in the Delaware General Corporation Law. These indemnification agreements require the Registrant, among other things, to indemnify its directors and executive officers against liabilities that may arise by reason of their status or service. These indemnification agreements also require the Registrant to advance all expenses incurred by the directors and executive officers in investigating or defending any such action, suit, or proceeding. The Registrant believes that these agreements are necessary to attract and retain qualified individuals to serve as directors and executive officers.
The limitation of liability and indemnification provisions in the Registrant’s amended and restated certificate of incorporation, amended and restated bylaws, and the indemnification agreements that the Registrant has entered into with its directors and executive officers may discourage stockholders from bringing a lawsuit against the Registrant’s
directors and executive officers for breach of their fiduciary duties. They may also reduce the likelihood of derivative litigation against the Registrant’s directors and executive officers, even though an action, if successful, might benefit the Registrant and other stockholders. Further, a stockholder’s investment may be adversely affected to the extent that the Registrant pays the costs of settlement and damage awards against directors and executive officers as required by these indemnification provisions. At present, the Registrant is not aware of any pending litigation or proceeding involving any person who is or was one of the Registrant’s directors, officers, employees, or other agents or is or was serving at its request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, for which indemnification is sought, and the Registrant is not aware of any threatened litigation that may result in claims for indemnification.
The Registrant has obtained insurance policies under which, subject to the limitations of the policies, coverage is provided to the Registrant’s directors and executive officers against loss arising from claims made by reason of breach of fiduciary duty or other wrongful acts as a director or executive officer, including claims relating to public securities matters, and to the Registrant with respect to payments that may be made by the Registrant to these directors and executive officers pursuant to its indemnification obligations or otherwise as a matter of law.
Certain of the Registrant’s non-employee directors may, through their relationships with their employers, be insured and/or indemnified against certain liabilities incurred in their capacity as members of the Registrant’s Board of Directors.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
| | | | | | | | | | | | | | | | | | | | |
| | Incorporated by Reference | |
Exhibit
Number | Description |
Form |
File No. |
Exhibit |
Filing Date | Filed Herewith |
| 4.1 | Form of Class A common stock certificate. | S-1/A | 333-259963 | 4.1 | 10/18/2021 | |
| 4.2 | Informatica Inc. 2021 Equity Incentive Plan and related form agreements. | S-1/A | 333-259963 | 10.2 | 10/18/2021 | |
| 4.3 | Informatica Inc. 2021 Employee Stock Purchase Plan and related form agreements. | S-1/A | 333-259963 | 10.3 | 10/18/2021 | |
| 5.1 | | | | | | X |
| 23.1 | | | | | | X |
| 23.2 | | | | | | X |
| 24.1 | Power of Attorney (contained on signature page hereto). | | | | | X |
| 107.1 | | | | | | X |
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 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 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 Filing Fee Tables” 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 information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission 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) 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) It will 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 the 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 Commission 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 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, 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 Redwood City, California, on the 22nd of February, 2024.
INFORMATICA INC.
By:/s/ Amit Walia
Amit Walia
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Amit Walia and Michael McLaughlin, and each of them, as such individual’s true and lawful attorneys-in fact and agents with full power of substitution and resubstitution, for them and in their name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments) on Form S-8, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as they might or could do in person, hereby ratifying and confirming all that said attorneys-in fact and agents or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on
Form S-8 has been signed by the following persons in the capacities and on the dates indicated:
| | | | | | | | | | | | | | |
| Signature | | Title | | Date |
| | |
|
|
/s/ Amit Walia Amit Walia | | Chief Executive Officer and Director (Principal Executive Officer) | | February 22, 2024 |
| | |
/s/ Michael McLaughlin Michael McLaughlin | | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | | February 22, 2024 |
| | |
/s/ Mark Pellowski Mark Pellowski | | Chief Accounting Officer (Principal Accounting Officer) | | February 22, 2024 |
| | |
/s/ Bruce Chizen Bruce Chizen | | Chair of the Board of Directors | | February 22, 2024 |
| | |
/s/ Janice Chaffin Janice Chaffin | | Director | | February 22, 2024 |
| | |
/s/ Gerald Held Gerald Held | | Director | | February 22, 2024 |
|
|
|
/s/ Ryan Lanpher Ryan Lanpher | | Director | | February 22, 2024 |
| | |
/s/ Austin Locke Austin Locke | | Director | | February 22, 2024 |
| | |
/s/ Elizabeth Rafael Elizabeth Rafael | | Director | | February 22, 2024 |
/s/ Brian Ruder Brian Ruder | | Director |
| February 22, 2024 |
/s/ Cesare Ruggiero Cesare Ruggiero | | Director | | February 22, 2024 |
/s/ Jill Ward Jill Ward | | Director |
| February 22, 2024 |
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Calculation of Filing Fee Tables
Form S-8
(Form Type)
Informatica 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 | Class A Common Stock, $0.01 par value per share, reserved for issuance pursuant to the 2021 Equity Incentive Plan | Other | 14,746,191 (2) | $34.55 (3) | $509,480,899.05 | $147.60 per $1,000,000 | $75,199.38 |
| Equity | Class A Common Stock, $0.01 par value per share, reserved for issuance pursuant to the 2021 Employee Stock Purchase Plan | Other | 2,949,238 (4) | $29.37(5) | $86,619,120.06 | $147.60 per $1,000,000 | $12,784.98 |
| Total Offering Amounts | | $596,100,019.11 | | $87,984.36 |
Total Fee Offsets(6) | | | | $– |
| Net Fee Due | | | | $87,984.36 |
(1)Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration Statement shall also cover any additional shares of the Registrant’s Class A common stock (“Class A Common Stock”) that become issuable under the 2021 Equity Incentive Plan (the “2021 Plan”) and 2021 Employee Stock Purchase Plan (the “2021 ESPP”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant’s outstanding shares of Class A Common Stock.
(2)Represents an automatic increase equal to 5% of the outstanding shares of Class A and Class B-1 Common Stock on the last day of the immediately preceding fiscal year to the number of Class A Common Stock reserved for issuance under, and which annual increase is provided for, in the 2021 Plan.
(3)Estimated in accordance with Rule 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of $34.55 per share, which is the average of the high and low sale prices of Class A Common Stock as reported on the New York Stock Market on February 15, 2024.
(4)Represents an automatic increase equal to 1% of the outstanding shares of Class A and Class B-1 Common Stock on the last day of the immediately preceding fiscal year to the number of Class A Common Stock reserved for issuance under, and which annual increase is provided for, in the 2021 ESPP.
(5)Estimated in accordance with Rule 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of 85% of $34.55 per share, which is the average of the high and low sale prices of Class A Common Stock as reported on the New York Stock Market on February 15, 2024. Pursuant to the 2021 ESPP, the purchase price of Class A Common Stock reserved for issuance thereunder will be at least 85% of the lower of the fair market value of Class A Common Stock on the Enrollment Date or the Exercise Date (as such terms are defined in the 2021 ESPP).
(6)The Registrant does not have any fee offsets.
| | | | | |
| Wilson Sonsini Goodrich & Rosati
Professional Corporation 650 Page Mill Road
Palo Alto, California 94304-1050 o: 650.493.9300
f: 650.493.6811 |
February 22, 2024
Informatica Inc.
2100 Seaport Boulevard
Redwood City, California 94063
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have examined the Registration Statement on Form S-8 (the “Registration Statement”) to be filed by Informatica Inc., a Delaware corporation (the “Company”) with the Securities and Exchange Commission on or about the date hereof, relating to the registration under the Securities Act of 1933, as amended, of an aggregate of 17,695,429 shares of the Company’s Class A common stock, par value $0.01 per share (the “Shares”), consisting of: (i) 14,746,191 Shares reserved for issuance under the 2021 Equity Incentive Plan (the “2021 Plan”) and (ii) 2,949,238 Shares reserved for issuance under the 2021 Employee Stock Purchase Plan (together with the 2021 Plan, the “Plans”).
On the basis of the foregoing, and in reliance thereon, we are of the opinion that, when issued and sold in the manner described in the Plans and pursuant to the agreements which accompany the Plans, the Shares will be legally and validly issued, fully-paid and non-assessable.
We consent to the use of this opinion as an exhibit to the Registration Statement, and further consent to the use of our name wherever appearing in the Registration Statement and any amendments thereto.
Very truly yours,
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
/s/ WILSON SONSINI GOODRICH & ROSATI, P.C.
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2021 Equity Incentive Plan and the 2021 Employee Stock Purchase Plan of Informatica Inc. of our reports dated February 22, 2024, with respect to the consolidated financial statements of Informatica Inc. and the effectiveness of internal control over financial reporting of Informatica Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
San Francisco, California
February 22, 2024
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