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Symbotic Inc.

31/07/2024 | Press release | Distributed by Public on 31/07/2024 20:26

Initial Registration Statement for Employee Benefit Plan Form S 8

S-8

As filed with the Securities and Exchange Commission on July 31, 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

SYMBOTIC INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 98-1572401

(State or Other Jurisdiction of

Incorporation or Organization)

(IRS Employer

Identification No.)

200 Research Drive

Wilmington, MA 01887

Telephone: (978) 284-2800

(Address, including zip code, and telephone number, including area code, of principal executive offices)

Symbotic Inc. 2022 Omnibus Incentive Compensation Plan

Symbotic Inc. 2022 Employee Stock Purchase Plan

(Full Title of the Plan)

Corey Dufresne

Senior Vice President, General Counsel and Secretary

Symbotic Inc.

200 Research Drive

Wilmington, MA 01887

Telephone: (978) 284-2800

(Name and address, including zip code, and telephone number, including area code, of agent for service of process)

Copies to:

Robert W. Downes

Matthew B. Goodman

Sullivan & Cromwell LLP

125 Broad Street

New York, New York 10004

Tel: (212) 558-4000

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 company in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). (Check one):

Large accelerated filer Accelerated filer
Non-accelerated filer ☐ (Do not check if a smaller reporting company) 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 (the "Registration Statement") is filed by Symbotic Inc., a Delaware corporation (the "Company"), for the purpose of registering an additional 7,184,563 shares of its Class A common stock, par value $0.0001 per share (the "Class A Common Stock") issuable under the Symbotic Inc. 2022 Omnibus Incentive Compensation Plan (the "Omnibus Plan") and 1,436,911 shares of Class A Common Stock issuable under the Symbotic Inc. 2022 Employee Stock Purchase Plan ("ESPP").

The number of shares of Class A Common Stock available for grant and issuance under the Omnibus Plan is subject to an annual increase on the first day of each calendar year beginning January 1, 2023, equal to the lesser of (i) five percent of the aggregate number of shares of Class A Common Stock outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as is determined by the compensation committee of the Company's board of directors ("Compensation Committee" and such annual increase, the "OmnibusEvergreen Provision"). In addition, the number of shares of Class A Common Stock available for grant and issuance under the ESPP is subject to an annual increase on the first day of each calendar year beginning January 1, 2023, equal to the lesser of (i) one percent of the aggregate number of shares of Class A Common Stock outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as is determined by the Compensation Committee (such annual increase, the "ESPP Evergreen Provision" and together with the Omnibus Evergreen Provision, the "Evergreen Provisions").

The additional shares are securities of the same class and relate to the same Omnibus Plan and ESPP as those registered pursuant to the Company's Registration Statement on Form S-8 (FileNo. 333-266829) filed with the U.S. Securities and Exchange Commission (the "Commission") on August 12, 2022, including any filings incorporated therein and as amended from time to time (as amended, "Prior Registration Statement").

In accordance with General Instruction E of Form S-8, the contents of the Prior Registration Statement are incorporated herein by reference, and the information required by Part II of Form S-8 is omitted, except as amended or supplemented by the information set forth below.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 8.

Exhibits

Exhibit
Number

Description

  4.1 Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed with the Commission on June 13, 2022)
  4.2 Bylaws of the Company (incorporated by reference to Exhibit 3.2 of the Company's Current Report on Form 8-K filed with the Commission on June 13, 2022)
  4.3 Symbotic Inc. 2022 Omnibus Incentive Compensation Plan (incorporated by reference to Exhibit 10.5 of the Company's Current Report on Form 8-K filed with the Commission on June 13, 2022)
  4.4 Symbotic Inc. 2022 Employee Stock Purchase Plan (incorporated by reference to Exhibit 10.8 of the Company's Current Report on Form 8-K filed with the Commission on June 13, 2022)
  5.1* Opinion of Sullivan & Cromwell LLP
 23.1* Consent of Grant Thornton LLP
 23.2* Consent of Sullivan & Cromwell LLP (included as part of Exhibit 5.1)
 24.1* Power of Attorney (included on signature page)
107* Filing Fee Table
*

Filed herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the Company 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 Town of Wilmington, Commonwealth of Massachusetts on July 31, 2024.

Symbotic Inc.
By:

/s/ Carol Hibbard

Name: Carol Hibbard
Title: Chief Financial Officer and Treasurer

SIGNATURES AND POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below constitutes and appoints Corey Dufresne and Carol Hibbard, jointly and severally, his or her attorney-in-fact, with the power of substitution, for him or her, in any and all capacities, to sign any amendments (including post-effective amendments) to this Registration Statement and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, hereby ratifying and confirming all that said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated:

Signature

Title

Date

/s/ Richard B. Cohen

Richard B. Cohen

Chief Executive Officer, President and Director

(Principal Executive Officer)

July 31, 2024

/s/ Carol Hibbard

Carol Hibbard

Chief Financial Officer and Treasurer

(Principal Financial Officer)

July 31, 2024

/s/ Maria G. Freve

Maria G. Freve

Vice President and Controller

(Principal Accounting Officer)

July 31, 2024

/s/ Rollin Ford

Rollin Ford

Director July 31, 2024

/s/ Charles Kane

Charles Kane

Director July 31, 2024

/s/ Todd Krasnow

Todd Krasnow

Director July 31, 2024

/s/ Vikas J. Parekh

Vikas J. Parekh

Director July 31, 2024

/s/ Daniela Rus

Daniela Rus

Director July 31, 2024

/s/ Merline Saintil

Merline Saintil

Director July 31, 2024

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