As filed with the Securities and Exchange Commission on March 27, 2019
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.
(Exact name of registrant as specified in its charter)
Maryland | 46-1347456 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
1906 Towne Centre Blvd, Suite 370 Annapolis, Maryland |
21401 | |
(Address of principal executive offices) | (Zip code) |
2013 Hannon Armstrong Sustainable Infrastructure Capital, Inc. Equity Incentive Plan
(Full title of the plan)
Steven Chuslo, Esq.
Executive Vice President and General Counsel
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
1906 Towne Centre Blvd, Suite 370
Annapolis, MD 21401
(410) 571-9860
(Name and address, including zip code, and telephone number, including area code, of agent for service)
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. ☐
CALCULATION OF REGISTRATION FEE
| ||||||||
Title of Securities to be Registered | Amount to be |
Proposed Maximum Offering Price per Share(2) |
Proposed Offering Price |
Amount of Registration Fee(3) | ||||
Common Stock, $0.01 par value per share |
1,973,753 | $25.11 | $49,560,938 | $6,007 | ||||
| ||||||||
|
(1) | The maximum number of shares of Common Stock, par value $0.01 per share (the Common Stock), issuable under the 2013 Hannon Armstrong Sustainable Infrastructure Capital, Inc. Equity Incentive Plan, as amended (the Plan) is equal to 7.5% of the shares of Common Stock issued and outstanding from time to time on a fully diluted basis. The Amount to be Registered hereunder represents 7.5% of the shares of Common Stock issued and outstanding on a fully diluted basis as of March 27, 2019 minus 2,055,277 shares of Common stock previously registered on the Registration Statement on Form S-8 filed on August 4, 2016 (File No. 333-212913) and 1,214,286 shares of Common Stock previously registered on the Registration Statement on Form S-8 filed on April 23, 2013 (File No. 333-188070). In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended, (the Securities Act), this registration statement also covers an additional indeterminate amount of shares to be offered or sold pursuant to the Plan and shares that may become issuable under the Plan by reason of certain corporate transactions or events, including any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the registrants outstanding shares of Common Stock. |
(2) | Represents the average of the high and the low sale prices of the Common Stock on the New York Stock Exchange on March 22, 2019. |
(3) | Computed in accordance with Rule 457(h) under the Securities Act. |
EXPLANATORY NOTE
The 2013 Hannon Armstrong Sustainable Infrastructure Capital, Inc. Equity Incentive Plan, as amended (the Plan) provides for grants of equity-based awards up to an aggregate of 7.5% of the issued and outstanding shares of common stock, par value $0.01 per share (Common Stock), of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the Company), from time to time, on a fully diluted basis (assuming, if applicable, the exercise of all outstanding options and the conversion of all warrants and convertible securities, including limited partnership units issued by our operating partnership subsidiary, Hannon Armstrong Sustainable Infrastructure, L.P., a Delaware limited partnership, and limited partnership profit interests, into shares of Common Stock), at the time of the award. The Company initially registered 1,214,286 shares of Common Stock for issuance under the Plan pursuant to the Registration Statement on Form S-8 (File No. 333-188070) filed with the Securities and Exchange Commission (the SEC) on April 23, 2013, based on the number of shares of Common Stock issued and outstanding on a fully diluted basis as of such date. The Company then registered 2,055,277 shares of Common Stock for issuance under the Plan pursuant to the Registration Statement on Form S-8 (File No. 333-212913) filed with the SEC on August 4, 2016 (together the Prior Registration Statements), based on the number of shares of Common Stock issued and outstanding on a fully diluted basis as of such date. The Registrant is filing this Registration Statement on Form S-8 to register an additional 1,973,753 shares of Common Stock for issuance under the Plan, based on the number of shares of Common Stock issued and outstanding, on a fully diluted basis, as of March 27, 2019.
In accordance with General Instruction E of Form S-8, the contents of the Prior Registration Statements are hereby incorporated by reference in this Registration Statement on Form S-8, except to the extent supplemented, amended or superseded by the information set forth herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Annapolis, in the State of Maryland, on March 27, 2019.
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. | ||
By: | /s/ Jeffrey A. Lipson | |
Name: | Jeffrey A. Lipson | |
Title: | Chief Financial Officer and Executive Vice President |
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints Jeffrey W. Eckel and Jeffrey A. Lipson, and each of them, with full power to act without the other, as such persons true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign this Registration Statement, and any and all amendments thereto (including post-effective amendments), and to file the same, with exhibits and schedules thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing necessary or desirable to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signatures |
Title |
Date | ||||
By: | /s/ Jeffrey W. Eckel Jeffrey W. Eckel |
Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) | March 27, 2019 | |||
By: | /s/ Jeffrey A. Lipson Jeffrey A. Lipson |
Chief Financial Officer and Executive Vice President (Principal Financial Officer) |
March 27, 2019 | |||
By: | /s/ Charles Melko Charles Melko |
Chief Accounting Officer and Senior Vice President (Principal Accounting Officer) |
March 27, 2019 | |||
By: | /s/ Rebecca B. Blalock Rebecca B. Blalock |
Director | March 27, 2019 | |||
By: | /s/ Teresa M. Brenner Teresa M. Brenner |
Director | March 27, 2019 | |||
By: | /s/ Mark J. Cirilli Mark J. Cirilli |
Director | March 27, 2019 | |||
By: | /s/ Charles M. ONeil Charles M. ONeil |
Director | March 27, 2019 |
Signatures |
Title |
Date | ||||
By: | /s/ Richard J. Osborne Richard J. Osborne |
Director | March 27, 2019 | |||
By: | /s/ Steven G. Osgood Steven G. Osgood |
Director | March 27, 2019 |