Blueprint
As filed with the Securities and Exchange Commission on December
28, 2016
Registration No. 333-_______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PEDEVCO CORP.
(Exact
name of registrant as specified in its charter)
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Texas
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22-3755993
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(State
or other jurisdiction of incorporation or
organization)
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(I.R.S.
Employer Identification No.)
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4125 Blackhawk Plaza Circle, Suite 201
Danville, California 94506
(Address
of principal executive offices)
PEDEVCO Corp. 2012 Equity Incentive Plan (as amended)
(Full
title of the plans)
Michael L. Peterson
Chief Executive Officer
PEDEVCO Corp.
4125 Blackhawk Plaza Circle, Suite 201
Danville, California 94506
(Name
and address of agent for service)
(855) 733-3826
(Telephone
number, including area code, of agent for service)
Copy to:
David M. Loev, Esq.
John S. Gillies, Esq.
The Loev Law Firm, PC
6300 West Loop South, Suite 280
Bellaire, Texas 77401
Telephone: (713) 524-4110
Facsimile: (713) 524-4122
Indicate
by check mark ( ) whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer,
or a smaller reporting company. See the definitions of
“large accelerated
filer,” “accelerated filer” and
“smaller reporting
company” in Rule 12b-2 of the Exchange Act. (Check
one):
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☐ Large
accelerated filer
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☐ Accelerated
filer
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☐
Non-accelerated filer
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☑ Smaller
reporting company
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(Do not
check if a smaller reporting company)
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CALCULATION OF REGISTRATION FEE
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Title
of securities to be registered
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Amount
to be
Registered(1)(2)
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Proposed
maximum offering price per share
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Proposed
maximum aggregate offering price
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Amount
of
registration
fee
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Common Stock, par
value $0.001 per share
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5,000,000
shares
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$0.11(3)
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$550,000
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$63.75
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Total
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5,000,000
shares
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$550,000
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$63.75
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(1)
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This
Registration Statement on Form S-8 relates to the 2012 Equity
Incentive Plan, as amended (the “2012 Plan”) of PEDEVCO
CORP. (the “Registrant” or the “Company”).
An aggregate of 15,000,000 shares of the Registrant’s common
stock, par value $0.001 per share (the “Common Stock”)
have been or may be issued under the 2012 Plan. Of the 15,000,000
shares, 2,000,000 shares were previously registered (the
“First Previously Registered Shares”) under the
Securities Act of 1933, as amended (the “Securities
Act”) pursuant to the Registrant’s Registration
Statement on Form S-8 (File No. 333-192002); an additional
5,000,000 shares (including certain shares of restricted Common
Stock and shares issuable upon exercise of options, each issued to
employees of the Registrant) were previously registered (the
“Second Previously Registered Shares”), pursuant to the
Registrant’s Registration Statement on Form S-8 (File No.
333-201098) and an additional 3,000,000 shares were previously
registered (the “Third Previously Registered Shares”,
and together with the First Previously Registered Shares and Second
Previously Registered Shares, the “Previously Registered
Shares”) pursuant to the Registrant’s Registration
Statement on Form S-8 (File No. 333-207529). The Registrant
previously paid the registration fee for the Previously Registered
Shares. Registered in this Registration Statement are an additional
5,000,000 shares of Common Stock reserved for future issuance under
the 2012 Plan, the offer and sale of which are being registered
herein.
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(2)
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Pursuant to Rule
416 under the Securities Act, this Registration Statement also
covers any additional shares of common stock of the Registrant that
become issuable pursuant to awards by reason of any stock dividend,
stock split, recapitalization or other similar transaction that
results in an increase in the number of the outstanding shares of
common stock of the Registrant.
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(3)
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Calculated solely
for purposes of this offering under Rules 457(c) and 457(h) of the
Securities Act, on the basis of the average of the high and low
selling prices per share of the Registrant’s common stock on
December 23, 2016, as reported on the NYSE MKT.
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EXPLANATORY NOTE
PEDEVCO
Corp. (the “Registrant”) previously
filed a Registration Statement on Form S-8 on October 31, 2013
(File No. 333-192002)(the “First Prior Registration
Statement”), relating to the Registrant’s 2012
Equity Incentive Plan (the “2012 Plan”), the Pacific
Energy Development Corp. 2012 Equity Incentive Plan (the
“2012 PEDCO
Plan”) and certain options granted pursuant to written
stock option agreements (the “Option Agreements”).
Under the First Prior Registration Statement, the Registrant
registered an aggregate of 2,118,386 shares of common stock, par
value $0.001 per share (“Common Stock”) to be
offered and sold under the 2012 Plan, the 2012 PEDCO Plan or the
Option Agreements, as applicable.
Additionally, the
Registrant previously filed Registration Statements on Form
S-8 on December 19, 2014 (File No. 333-201098)(the
“Second Prior
Registration Statement”) and October 20, 2015 (File
No. 333-207529)(the “Third Prior Registration
Statement” and together with the First Prior
Registration Statement and Second Prior Registration Statement, the
“Prior Registration
Statements”), relating to the registration of (a) an
additional 6,255,000 shares of Common Stock reserved for future
issuance under the 2012 Plan (3,255,000 shares under the Second
Prior Registration Statement and 3,000,000 shares under the Third
Prior Registration Statement); (b) 1,670,000 restricted shares of
Common Stock previously issued under the 2012 Plan (all under the
Second Prior Registration Statement); and (c) 175,000 shares of
Common Stock issuable upon the exercise of outstanding options
granted under the 2012 Plan (all under the Second Prior
Registration Statement).
This
Registration Statement relates to securities of the same class as
to which the Prior Registration Statements relate. As such, and as
permitted by Instruction E of Form S-8, the contents of the
First Prior Registrant Statement filed by the Registrant on
Form S-8 on October 31, 2013, are incorporated herein by
reference and made a part of this Registration Statement, except
for Items 3, 7, 8 and 9 of Part II which are being updated by this
Registration Statement. In addition, all exhibits required by
General Instruction E of Form S-8 are filed as exhibits
hereto.
The
Board of Directors of the Registrant approved an amendment (the
“Amendment”) to the 2012
Equity Incentive Plan of the Registrant on October 21, 2016 to
increase the number of shares available for the grant of awards
under the 2012 Equity Incentive Plan by 5,000,000 shares. The
Amendment was subject to stockholder approval. On December 28,
2016, the Amendment was approved by stockholders at the
Registrant’s annual meeting of stockholders. The Registrant
has filed this Registration Statement to register under the
Securities Act of 1933, as amended, an additional 5,000,000
shares of Common Stock reserved for future issuance under the 2012
Plan, the offer and sale of which are being registered
herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
We have
filed the following documents with the Securities and Exchange
Commission (the “Commission”), each of
which is incorporated herein by reference:
(a) Our
Annual Report on Form 10-K for the fiscal year ended December 31,
2015, filed with the SEC on March 29, 2016 (the “Annual
Report”);
(b) Our
Quarterly Reports on Form 10-Q for the fiscal quarters ended March
31, 2016, June 30, 2016 and September 30, 2016, filed with the SEC
on May 19, 2016, August 11, 2016 and November 9, 2016,
respectively;
(c) Our
Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission on November 8,
2016;
(d) Our
Current Reports on Forms 8-K (other than information furnished
rather than filed) filed with the SEC on February 4, 2016, March 2,
2016, March 11, 2016, March 31, 2016, April 13, 2016, April 27,
2016, May 17, 2016, September 29, 2016, October 21, 2016, and
November 9, 2016; and
(e) The
description of our common stock contained in our Registration
Statement on Form 8-A/A, filed with the SEC on September 5, 2013
(File No. 001-35922) pursuant to Section 12(b) of the Exchange Act,
including any amendment or report filed for the purpose of updating
such description.
All
documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
as amended, after the date of filing this Registration Statement
and prior to such time as the Company files a post-effective
amendment to this Registration Statement 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 in this Registration Statement and to be
a part hereof from the date of filing of such documents, except for
the documents, or portions thereof, that are “furnished” rather than
filed with the SEC.
Any
statement contained in a document incorporated or deemed to be
incorporated herein by reference shall be deemed to be modified or
superseded for the purpose of this Registration Statement to the
extent that a statement contained herein or in any subsequently
filed document which is also, or is deemed to be, incorporated
herein by reference 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 7. Exemption from Registration Claimed.
Not
applicable.
Item 8. Exhibits
See
Exhibit Index.
Item 9. Undertakings
(a) The
Company hereby undertakes:
(1) To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration
statement:
(i) To
include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933;
(ii) To
reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form
of prospectus filed with the Commission pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth
in the “Calculation
of Registration Fee” table in the effective
registration statement; and
(iii)
To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement
or any material change to such information in the registration
statement.
However,
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished
to the Commission by the Company pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in this registration statement.
(2)
That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof; and
(3) To
remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the
termination of the offering.
(b) The
undersigned hereby undertakes that, for the purposes of determining
any liability under the Securities Act, each filing of the
Company’s annual report pursuant to Section 13(a) or Section
15(d) of the Securities Exchange Act of 1934 (and, where
applicable, each filing of an employee benefit plan’s annual
report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in this registration
statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the
opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by
the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any
action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being
registered, our company will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, 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 Danville, California, on
December 28, 2016.
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PEDEVCO CORP.
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By: /s/ Michael L. Peterson
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Michael
L. Peterson
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Chief
Executive Officer
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(Principal
Executive Officer)
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By:/s/ Gregory Overholtzer
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Gregory
Overholtzer
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Chief
Financial Officer
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(Principal
Financial and Accounting Officer)
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KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Michael L. Peterson and Gregory
Overholtzer, as his true and lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution for him/her and
in his/her name, place and stead, in any and all capacities, to
sign any and all amendments (including post-effective amendments)
to this Registration Statement, and any subsequent registration
statements pursuant to Rule 462 of the Securities Act of 1933 and
to file the same, with all exhibits 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 requisite and necessary to be done in and about the premises,
as fully to all intents and purposes as he/she might or could do in
person, hereby ratifying and confirming all that each of said
attorney-in-fact or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in
the capacities and on the dates indicated.
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Signature
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Title
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Date
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By: /s/ Michael L. Peterson
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President
and Chief Executive Officer
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December
28, 2016
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Michael
L. Peterson
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(Principal
Executive Officer)
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By: /s/ Gregory Overholtzer
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Chief
Financial Officer
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December
28, 2016
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Gregory
Overholtzer
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(Principal
Financial and Accounting Officer)
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By: /s/ Frank C. Ingriselli
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Chairman
of the Board of Directors
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December
28, 2016
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Frank C.
Ingriselli
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By: David Z. Steinberg
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Director
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December
28, 2016
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David
Z. Steinberg
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By: Adam McAfee
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Director
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December
28, 2016
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Adam
McAfee
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By: Elizabeth P. Smith
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Director
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December
28, 2016
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Elizabeth P.
Smith
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EXHIBIT INDEX
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Exhibit No.
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Description
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4.1
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PEDEVCO
Corp. 2012 Equity Incentive Plan, as amended (included with this
registration statement)
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4.2
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PEDEVCO
Corp. 2012 Equity Incentive Plan - Form of Restricted Shares Grant
Agreement (1)
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4.3
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PEDEVCO
Corp. 2012 Equity Incentive Plan - Form of Stock Option Agreement
(1)
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4.4
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Pacific
Energy Development Corp. 2012 Equity Incentive Plan
(1)
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4.5
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Pacific
Energy Development Corp. 2012 Plan - Form of Restricted Shares
Grant Agreement (1)
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4.6
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Pacific
Energy Development Corp. 2012 Plan - Form of Stock Option Agreement
(1)
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4.7
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Pacific
Energy Development Corp. - Form of Restricted Shares Grant
Agreement (1)
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4.8
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Pacific
Energy Development Corp. - Form of Stock Option Agreement
(1)
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4.9
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Consultant
Stock Option Agreement, dated October 7, 2011, entered into by and
between Michael L. Peterson and the Registrant (1)
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4.10
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Employee
Stock Option Agreement, dated October 7, 2011, entered into by and
between Valentina Babichev and the Registrant (1)
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4.11
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Consultant
Stock Option Agreement, dated October 7, 2011, entered into by and
between Y.M. Shum and the Registrant (1)
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4.12
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Consultant
Stock Option Agreement, dated October 7, 2011, entered into by and
between Kathleen Cole and the Registrant (1)
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4.13
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Employee
Stock Option Agreement, dated June 18, 2012, entered into by and
between Frank C. Ingriselli and the Registrant (1)
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4.14
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Employee
Stock Option Agreement, dated June 18, 2012, entered into by and
between Michael L. Peterson and the Registrant (1)
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4.15
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Employee
Stock Option Agreement, dated June 18, 2012, entered into by and
between Clark R. Moore and the Registrant (1)
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5.1
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Opinion
of The Loev Law Firm, PC (included with this registration
statement)
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23.1
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Consent
of GBH CPAs, PC (included with this registration
statement)
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23.2
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Consent
of South Texas Reservoir Alliance LLC (included with this
registration statement)
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23.3
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Consent
of The Loev Law Firm, PC (included in the opinion filed as Exhibit
5.1)
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24.1
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Power
of Attorney (included on the signature page of this registration
statement)
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(1)
Previously filed on October 31, 2013, as an exhibit to the
Registrant’s Form S-8 Registration Statement and incorporated
herein by reference.