As filed with the Securities and Exchange Commission on May 3, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
HANESBRANDS INC.
(Exact name of registrant as specified in its charter)
Maryland | 20-3552316 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
1000 East Hanes Mill Road
Winston-Salem, North Carolina 27105
(Address, including zip code, of registrants principal executive offices)
Hanesbrands Inc. 2020 Omnibus Incentive Plan, As Amended
(Full title of the plan)
Tracy Preston
Executive Vice President, Chief Legal and Compliance Officer & Corporate Secretary
1000 E. Hanes Mill Road
Winston-Salem, NC 27105
(336) 519-8080
(Name, 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. ☐
EXPLANATORY NOTE
Hanesbrands Inc. (the Registrant) filed a registration statement on Form S-8 with the Securities and Exchange Commission (the SEC) on May 8, 2020 (File No. 333-238100) (the Prior Registration Statement) to register under the Securities Act of 1933, as amended (the Securities Act) shares of the Registrants common stock, par value $0.01 per share (the Common Stock), issuable pursuant to the Hanesbrands Inc. 2020 Omnibus Incentive Plan (the 2020 Plan), which first became effective upon the approval by the Registrants stockholders on April 28, 2020.
On April 24, 2023, the stockholders of the Registrant approved an amendment to the 2020 Plan, effective April 24, 2023. The Registrant is filing this registration statement on Form S-8 (the Registration Statement) pursuant to and in accordance with General Instruction E of Form S-8 to register an additional 5,300,000 shares of Common Stock that may be issued pursuant to the 2020 Plan, as amended. Pursuant to General Instruction E of Form S-8, this Registration Statement incorporates by reference the contents of the Prior Registration Statement, including all attachments and exhibits thereto, except to the extent supplemented, amended or superseded by the information set forth herein.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this registration statement in accordance with 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 will be delivered to the participants in the plans covered by this registration statement as required by Rule 428(b).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed by the Registrant with the SEC pursuant to the Securities Exchange Act of 1934, as amended (the Exchange Act) are incorporated herein by reference:
a) | The Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the SEC on February 8, 2023; |
b) | The Registrants Current Reports on Form 8-K filed with the SEC on January 12, 2023 (Item 5.02 only) (as amended by the Form 8-K/A filed on January 25, 2023), February 2, 2023 (Item 1.01 only), February 6, 2023, February 10, 2023, February 10, 2023, February 14, 2023, February 15, 2023, February 27, 2023, March 7, 2023, March 13, 2023, and April 27, 2023; and |
c) | The description of the Common Stock contained in Exhibit 4.1 to the Registrants Annual Report on Form 10-K for the year ended January 2, 2021 filed with the SEC on February 12, 2021, including any amendments or reports 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 subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing such documents.
Any statement contained herein, or 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 in any subsequently filed document that 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 6. Indemnification of Directors and Officers.
The Company is a Maryland corporation. Section 2-405.2 of the Maryland General Corporation Law (the MGCL) permits a Maryland corporation to include in its charter a provision expanding or limiting the liability of its directors and officers to the corporation and its stockholders for money damages, except for liability resulting from (1) actual receipt of an improper benefit or profit in money, property or services or (2) active and deliberate dishonesty established by a judgment or other final adjudication and that is material to the cause of action adjudicated in the proceeding. The Companys charter contains a provision that eliminates directors and officers liability to the maximum extent permitted by the MGCL.
Section 2-418(d) of the MGCL requires a corporation (unless its charter provides otherwise, which the Companys charter does not) to indemnify a director of the corporation who has been successful, on the merits or otherwise, in the defense of any proceeding to which such director was made a party by reason of the directors service in that capacity. Section 2-418(b) permits a corporation to indemnify its present or former directors against judgments, penalties, fines, settlements and reasonable expenses actually incurred by the director in connection with any proceeding to which the director is made a party by reason of the directors service as a director, unless it is established that (1) the act or omission of the director was material to the matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, (2) the director actually received an improper personal benefit in money, property or services or (3) in the case of any criminal proceeding, the director had reasonable cause to believe that the act or omission was unlawful. If, however, the proceeding was one by or in the right of the corporation and the director was adjudged liable to the corporation, the corporation may not indemnify the director, unless ordered by a court and then only for expenses. The MGCL also permits a Maryland corporation to pay a directors reasonable expenses in advance of the final disposition of a proceeding to which the director is a party upon receipt by the corporation of (1) a written affirmation by the director of the directors good faith belief that the director has met the standard of conduct necessary for indemnification and (2) a written undertaking by or on behalf of the director to repay the amount advanced if it is ultimately determined that the director did not meet the necessary standard of conduct. Section 2-418 of the MGCL defines a director as any person who is or was a director of a corporation and any person who, while a director of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, limited liability company or other enterprise or employee benefit plan. Section 2-418(j)(2) of the MGCL also permits a Maryland corporation to indemnify and advance expenses to its officers, employees and agents to the extent that it may indemnify and advance expenses to its directors.
The Companys charter authorizes it, and the Companys bylaws obligate it, to the maximum extent permitted by the MGCL, to indemnify any of the Companys present or former directors or officers or those of the Companys subsidiaries who (1) is made or threatened to be made a party to a proceeding by reason of such persons service in that capacity or (2) while a director or officer and at the Companys request, serves or served another corporation, partnership, joint venture, trust, limited liability company, employee benefit plan or any other enterprise as a director, officer, partner or trustee and who is made or threatened to be made a party to a proceeding by reason of such persons service in that capacity and to pay or reimburse that persons reasonable expenses in advance of final disposition of a proceeding. This indemnity could apply to liabilities under the Securities Act in certain circumstances.
The Companys bylaws also permit the Company, with the approval of its board of directors, to indemnify and advance expenses to (1) a person who served a predecessor in any of the capacities described above or (2) any of the Companys employees or agents, or any employee or agent of a predecessor.
The Company also maintains indemnity insurance as permitted by Section 2-418 of the MGCL, pursuant to which its officers and directors are indemnified or insured against liability or loss under certain circumstances, which may include liability or related losses under the Securities Act or the Exchange Act.
Item 8. Exhibits.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all 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 Winston-Salem, State of North Carolina, on May 3, 2023.
Hanesbrands Inc. | ||
(Registrant) | ||
By:
|
/s/ Stephen B. Bratspies | |
Name: Stephen B. Bratspies | ||
Title: Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, jointly and severally, Stephen B. Bratspies, M. Scott Lewis and Tracy M. Preston, and each one of them, his or her attorneys-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments) and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary 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 each said attorneys-in-fact, or his or her 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 on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date | ||
/s/ Stephen B. Bratspies Stephen B. Bratspies |
Chief Executive Officer and Director (Principal Executive Officer) |
May 3, 2023 | ||
/s/ M. Scott Lewis M. Scott Lewis |
Interim Chief Financial Officer, Chief Accounting Officer and Controller (Principal Financial Officer and Principal Accounting Officer) |
May 3, 2023 | ||
/s/ Cheryl K. Beebe Cheryl K. Beebe |
Director | May 3, 2023 | ||
/s/ Geralyn R. Breig Geralyn R. Breig |
Director | May 3, 2023 | ||
/s/ Mark A. Irvin Mark A. Irvin |
Director | May 3, 2023 | ||
/s/ James C. Johnson James C. Johnson |
Director | May 3, 2023 |
Signature |
Title |
Date | ||
/s/ Franck J. Moison Frank J. Moison |
Director | May 3, 2023 | ||
/s/ Robert F. Moran Robert F. Moran |
Director | May 3, 2023 | ||
/s/ Ronald L. Nelson Ronald L. Nelson |
Chairman and Director | May 3, 2023 | ||
/s/ William S. Simon William S. Simon |
Director | May 3, 2023 | ||
/s/ Ann E. Ziegler Ann E. Ziegler |
Director | May 3, 2023 |
Exhibit 5.1
750 E. PRATT STREET SUITE 900 BALTIMORE, MD 21202 T 410.244.7400 F 410.244.7742 www.Venable.com |
May 3, 2023
Hanesbrands Inc.
1000 East Hanes Mill Road
Winston Salem, NC 27105
Re: | Registration Statement on Form S-8 |
Ladies and Gentlemen:
We have served as Maryland counsel to Hanesbrands Inc., a Maryland corporation (the Company), in connection with certain matters of Maryland law arising out of the issuance of shares (the Shares) of the Companys common stock, $0.01 par value per share (the Common Stock), including up to 5,300,000 additional shares of Common Stock issuable pursuant to the Hanesbrands Inc. 2020 Omnibus Incentive Plan (the Plan), as by that certain First Amendment of Hanesbrands Inc. 2020 Omnibus Incentive Plan (the Amendment and, together with the Plan, the Amended Plan), effective as of April 24, 2023, covered by the above-referenced Registration Statement, and all amendments thereto (the Registration Statement), filed by the Company with the United States Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the 1933 Act).
In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the Documents):
1. The Registration Statement and the related form of prospectus included therein in the form in which it was transmitted to the Commission under the 1933 Act;
2. The charter of the Company (the Charter), certified by the State Department of Assessments and Taxation of Maryland (the SDAT);
3. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;
4. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;
5. Resolutions adopted by the Board of Directors of the Company (the Board) relating to, among other matters, the issuance of the Shares (the Resolutions), certified as of the date hereof by an officer of the Company;
6. The Amended Plan;
Hanesbrands Inc.
May 3, 2023
Page 2
7. The Companys Current Report on Form 8-K, filed with the Commission on April 27, 2023, reporting the approval by the stockholders of the Amendment;
8. A certificate executed by an officer of the Company, dated as of the date hereof; and
9. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.
In expressing the opinion set forth below, we have assumed the following:
1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.
2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.
3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such partys obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.
4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.
5. Upon the issuance of any Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.
6. Each option, award, right or other security exercisable or exchangeable for a Share pursuant to the Plans (each, an Award) will be duly authorized and validly granted in accordance with the Amended Plan, and each Award will be exercised or exchanged in accordance with the terms of the Amended Plan and such Award, including any option or award agreement entered into in connection therewith.
Hanesbrands Inc.
May 3, 2023
Page 3
Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:
1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT.
2. The issuance of the Shares pursuant to Amended Plan the has been duly authorized and, when and to the extent issued and delivered by the Company in accordance with the Registration Statement, the Amended Plan, the Resolutions and any other resolutions adopted by the Board or a duly authorized committee thereof relating thereto, the Shares will be validly issued, fully paid and nonassessable.
The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning United States federal law or the laws of any other jurisdiction. We express no opinion as to the applicability or effect of federal or state securities laws, including the securities laws of the State of Maryland, or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of any judicial decision which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.
The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.
Hanesbrands Inc.
May 3, 2023
Page 4
This opinion is being furnished to you for submission to the Commission as an exhibit to the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the 1933 Act.
Very truly yours, |
/s/ Venable LLP |
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S -8 of Hanesbrands Inc. of our report dated February 7, 2023 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Hanesbrands Inc.s Annual Report on Form 10-K for the year ended December 31, 2022.
/s/ PricewaterhouseCoopers LLP
Greensboro, North Carolina
May 3, 2023
1
EXHIBIT 107
Calculation of Filing Fee Tables
Form S-8
(Form Type)
Hanesbrands Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type | Security Class Title |
Fee Rule |
Amount Registered |
Proposed Maximum Offering Price Per |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration | |||||||
Equity | Common Stock, $0.01 par value per share | Other | 5,300,000 | $5.19 | $27,507,000 | $110.20 per $1,000,000 | $3,031.27 | |||||||
Total Offering Amounts | $27,507,000 | $3,031.27 | ||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $3,031.27 |
The amount registered reflected in Table 1 above represents the maximum number of additional shares of common stock, par value $0.01 per share (the Common Stock), of Hanesbrands Inc., a Maryland corporation (the Company) issuable pursuant to the Hanesbrands Inc. 2020 Omnibus Incentive Plan, as amended (the Plan) being registered on the Registration Statement on Form S-8 (the Registration Statement) to which this exhibit relates. Pursuant to Rule 416 of the Securities Act of 1933 (the Securities Act), the Registration Statement also covers such additional shares of Common Stock as may become issuable pursuant to the anti-dilution provisions of the Plan. The proposed maximum offering price per unit and the maximum aggregate offering price in Table 1 above are estimated solely for the purposes of determining the amount of the registration fee, pursuant to paragraphs (c) and (h) of Rule 457 under the Securities Act, on the basis of the average of the high ($5.29) and low ($5.09) sale prices of Common Stock on the New York Stock Exchange on May 1, 2023, which is a date within five business day prior to filing.
Table 2: Fee Offset Claims and Sources
Registrant or Filer Name |
Form or Filing Type |
File Number |
Initial Filing Date |
Filing Date |
Fee Offset Claimed |
Security Type Associated with Fee Offset Claimed |
Security Title Associated with Fee Offset Claimed |
Unsold Securities Associated with Fee Offset Claimed |
Unsold Aggregate Offering Amount Associated with Fee Offset Claimed |
Fee Paid with Fee Offset Source | ||||||||||||
Rule 457(p) | ||||||||||||||||||||||
Fee Offset Claims | ||||||||||||||||||||||
Fee Offset Sources |
The Registrant is not relying on Rule 457(p) under the Securities Act to offset any of the filing fee due with respect to the Registration Statement to which this exhibit relates, so no information is provided under this Table 2.
Minimum 15 minutes delayed. Source: LSEG