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
ASHWORTH, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 84-1052000 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
2791 Locker Avenue West, Carlsbad, California 92008 (760) 438-6610
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)
ASHWORTH, INC.
2007 NONSTATUTORY STOCK OPTION PLAN
(Full title of the plans)
William S. Reimus, Esq.
Secretary
Ashworth, Inc.
5545 Fermi Court
Carlsbad, CA 92008
(760) 918-6000
(Name, Address and Telephone Number, Including Area Code, of Agent For Service)
COPY TO:
Ethan D. Feffer, Esq.
Sheppard, Mullin, Richter & Hampton LLP
650 Town Center Drive, 4th Floor
Costa Mesa, CA 92626
(714) 513-5100
RECENT EVENTS: DEREGISTRATION OF SHARES
This Post-Effective Amendment No. 1, filed by Ashworth, Inc. (Ashworth), relates to Ashworths Registration Statement on Form S-8 (No. 333-147649) filed with the Securities and Exchange Commission on November 27, 2007 (the Registration Statement), pursuant to which Ashworth registered the issuance of up to 200,000 shares of its common stock, $0.001 par value per share, issuable under the Ashworth, Inc. 2007 Nonstatutory Stock Option Plan.
On November 19, 2008, after completion of a tender offer (the Offer) by PHX Acquisition Corp. (Merger Sub), a wholly owned subsidiary of Taylor Made Golf Company, Inc. (Parent) for all of the shares of common stock, Merger Sub merged with and into Ashworth (the Merger). Pursuant to the Merger, each issued and outstanding share of common stock not tendered in the Offer (other than the shares of common stock owned by Merger Sub and Parent, or with respect to which the holder thereof has properly asserted appraisal rights under the Delaware General Corporation Law) was converted into the right to receive $1.90 per share in cash. The Merger became effective upon filing of a Certificate of Ownership and Merger with the Secretary of State of the State of Delaware on November 19, 2008.
As a result of the Merger and Ashworths delisting of its common stock from the Nasdaq Global Market, the termination of the registration of the common stock pursuant to Rule 12g-4(a)(1) of the Exchange Act of 1934 (the Act), and the suspension of Ashworths duty to file reports pursuant to Rule 12h-3(b)(1)(i) of the Act, the offering pursuant to the Registration Statement has been terminated. In accordance with the undertaking in Item 9 made by Ashworth in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the securities which remain unsold at the termination of the offering, Ashworth requests removal from registration of the shares registered under the Registration Statement.
Accordingly, Ashworth files this Post-Effective Amendment No. 1 to the Registration Statement to deregister the number of shares of common stock covered by the Registration Statement that remain unsold as of the date hereof.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 has been signed by the following persons on November 24, 2008 in the capacities indicated.
| ASHWORTH, INC. | ||
| By: | /s/ Mark King | |
| Mark King | ||
| President and Chief Executive Officer | ||
| Signature |
Title |
Date | ||
| /s/ Mark King Mark King |
President and Chief Executive Officer (Principal Executive Officer) |
November 24, 2008 | ||
| /s/ Klaus Flock Klaus Flock |
Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
November 24, 2008 | ||
| /s/ Frank Dassler Frank Dassler |
Director | November 24, 2008 | ||
| /s/ Harm Ohlmeyer Harm Ohlmeyer |
Director | November 24, 2008 | ||
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