As filed with the Securities and Exchange Commission on February 8, 2023
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
CERENCE INC.
(Exact name of registrant as specified in its charter)
Delaware | 83-4177087 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
1 Burlington Woods Drive, Suite 301A
Burlington, Massachusetts 01803
(857) 362-7300
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Cerence 2019 Equity Incentive Plan
(Full title of the plan)
Thomas Beaudoin
Chief Financial Officer
Cerence Inc.
1 Burlington Woods Drive, Suite 301A
Burlington, Massachusetts 01803
(857) 362-7300
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Jennifer Salinas
General Counsel
Cerence Inc.
1 Burlington Woods Drive, Suite 301A
Burlington, Massachusetts 01803
(857) 362-7300
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 | ☒ | 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
This Registration Statement on Form S-8 registers 1,200,528 additional shares of Common Stock under the Stock Plan which were added on January 1, 2023 as a result of an automatic annual increase provision therein. The additional shares are of the same class as other securities relating to the Stock Plan for which the Registrants registration statement filed on Form S-8 on October 2, 2019 (File No. 333-234040) is effective. The information contained in the Registrants registration statement filed on Form S-8 on October 2, 2019 (File No. 333-234040) is hereby incorporated by reference pursuant to General Instruction E.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. | Exhibits. |
See the Exhibit Index below for a list of exhibits filed as part of this registration statement on Form S-8, which Exhibit Index is incorporated herein by reference.
* | Exhibits marked with an asterisk (*) are filed herewith. |
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 Burlington, Commonwealth of Massachusetts, on February 8, 2023.
Cerence Inc. | ||
By: | /s/ Stefan Ortmanns | |
Stefan Ortmanns | ||
President and Chief Executive Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Stefan Ortmanns and Thomas Beaudoin, jointly and severally, as such persons attorneys-in-fact, each with the power of substitution, for such person in any and all capacities, to sign any amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
Signature | Title | Date | ||
/s/ Stefan Ortmanns |
Chief Executive Officer and Director | February 8, 2023 | ||
Stefan Ortmanns | (Principal Executive Officer) | |||
/s/ Thomas Beaudoin |
Chief Financial Officer and Director (Principal Financial and Principal Accounting Officer) |
February 8, 2023 | ||
Thomas Beaudoin | ||||
/s/ Arun Sarin |
Chairman of the Board | February 8, 2023 | ||
Arun Sarin | ||||
/s/ Marianne Budnik |
Director | February 8, 2023 | ||
Marianne Budnik | ||||
/s/ Sanjay Jha |
Director | February 8, 2023 | ||
Sanjay Jha | ||||
/s/ Kristi Ann Matus |
Director | February 8, 2023 | ||
Kristi Ann Matus | ||||
/s/ Alfred Nietzel |
Director | February 8, 2023 | ||
Alfred Nietzel | ||||
/s/ Doug Davis |
Director | February 8, 2023 | ||
Doug Davis |
Exhibit 5.1
February 8, 2023
Cerence Inc.
1 Burlington Woods Drive, Suite 301A
Burlington, MA 01803
Re: | Securities Being Registered under Registration Statement on Form S-8 |
We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-8 (the Registration Statement) pursuant to the Securities Act of 1933, as amended (the Securities Act), on or about the date hereof relating to an aggregate of 1,200,528 shares (the Shares) of Common Stock, $0.01 par value per share (Common Stock), of Cerence Inc., a Delaware corporation (the Company), that may be issued pursuant to the Companys 2019 Equity Incentive Plan (the Plan).
We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.
The opinion set forth below is limited to the Delaware General Corporation Law.
For purposes of the opinion set forth below, we have assumed that no event occurs that causes the number of authorized shares of Common Stock available for issuance by the Company to be less than the number of then unissued Shares.
Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, upon issuance and delivery against payment therefor in accordance with the terms of the Plan, will be validly issued, fully paid and nonassessable.
This opinion letter and the opinion it contains shall be interpreted in accordance with the Core Opinion Principles as published in 74 Business Lawyer 815 (Summer 2019).
We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.
Very truly yours, |
/s/ Goodwin Procter LLP |
GOODWIN PROCTER LLP |
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
Cerence Inc.
Burlington, Massachusetts
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated November 29, 2022, relating to the consolidated financial statements and effectiveness of Cerence Inc.s internal control over financial reporting appearing in the Companys Annual Report on Form 10-K for the year ended September 30, 2022.
/s/ BDO USA, LLP |
Boston, Massachusetts |
February 8, 2023
Exhibit 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
Cerence Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Title of Securities to be Registered |
Amount to be |
Proposed Maximum Offering Price Per Share (2) |
Proposed Offering Price |
Amount of Registration Fee | ||||
Common Stock, $0.01 par value per share | 1,200,528(3) | $28.11 | $33,746,842.08 | $3,718.91 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall be deemed to cover any additional shares of the Registrants Common Stock (Common Stock) that become issuable under the above listed plan by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the Registrants receipt of consideration that results in an increase in the number of the outstanding shares of Common Stock. |
(2) | Estimated solely for the purpose of computing the registration fee and based on the average high and low sale prices of the Common Stock as reported on the Nasdaq Global Select Market on February 6, 2023 in accordance with Rule 457(c) under the Securities Act. |
(3) | Represents an automatic increase to the number of shares of Common Stock available for issuance under the Registrants 2019 Equity Incentive Plan, or Stock Plan, in accordance with the automatic annual increase provisions of the Stock Plan, effective as of January 1, 2023. |