As filed with the Securities and Exchange Commission on August 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
O-I GLASS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 22-2781933 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
One Michael Owens Way
Perrysburg, Ohio 43551-2999
(Address of Principal Executive Offices) (Zip Code)
O-I GLASS, INC. FOURTH AMENDED AND RESTATED 2017 INCENTIVE AWARD PLAN
(Full title of the plan)
| Darrow A. Abrahams | Copy to: | |
| Senior Vice President, General | Julia A. Thompson | |
| Counsel and Corporate Secretary | Latham & Watkins LLP | |
| O-I Glass, Inc. | 555 11th Street, NW | |
| One Michael Owens Way | Suite 1000 | |
| Perrysburg, Ohio 43551-2999 | Washington, DC 20004 | |
| (567) 336-5000 | (202) 637-2200 |
(Name and address of agent for service)
(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 | x | 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 (the “Registration Statement”) is being filed in order to register 6,250,000 additional shares of common stock, $0.01 par value per share (“Common Stock”), of O-I Glass, Inc. (the “Company” or the “Registrant”) that may be issued to participants pursuant to the O-I Glass, Inc. Fourth Amended and Restated 2017 Incentive Award Plan (the “Plan”). On May 9, 2023, stockholders of the Company approved an amendment and restatement of the Plan at the Company’s 2023 Annual Meeting of Share Owners, which increased the number of shares available to be granted as awards under the Plan by 6,250,000 shares.
This Registration Statement hereby incorporates by reference the contents of the Company’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission (“SEC”) on November 3, 2022 (File No. 333-268132) to the extent not modified or superseded hereby or by any subsequently filed document that is incorporated by reference herein or therein.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
| Item 1. | Plan Information. |
Not required to be filed with this Registration Statement.
| Item 2. | Registrant Information and Employee Plan Annual Information. |
Not required to be filed with this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
| Item 3. | Incorporation of Documents by Reference. |
The Company has filed the following documents with the Securities and Exchange Commission (“SEC”), which are hereby incorporated by reference in this Registration Statement:
| 1. | The Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on February 8, 2023, including portions of the Definitive Proxy Statement on Schedule 14A, filed with the SEC on March 29, 2023, specifically incorporated by reference into the Annual Report on Form 10-K; |
| 2. | The Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2023 and June 30, 2023, filed with the SEC on April 26, 2023 and August 2, 2023, respectively; |
| 3. | The Company’s Current Reports on Form 8-K filed with the SEC on May 10, 2023 and May 26, 2023; and |
| 4. | The description of the Company’s Common Stock contained in Owens-Illinois, Inc.’s Registration Statement on Form 8-A filed on December 3, 1991, as amended. |
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered 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 part of this Registration Statement from the date of the filing of such documents, except as to any portion of any document, including portions of a Current Report furnished under Items 2.02 or 7.01 of Form 8-K, that is not deemed filed under such provisions.
Any statement contained in a document incorporated or deemed to be incorporated by reference in this Registration Statement is deemed to be modified or superseded for purposes of this Registration Statement to the extent that such statement conflicts with a statement contained in this Registration Statement or in any subsequently filed document which also is or is deemed to be incorporated by reference in this Registration Statement.
| Item 8. | Exhibits. |
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 the city of Perrysburg, state of Ohio, on the 3rd day of August, 2023.
| O-I GLASS, INC. | ||
| By: | /s/ Darrow A. Abrahams | |
| Darrow A. Abrahams | ||
| Senior Vice President, General Counsel and Corporate Secretary | ||
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints jointly and severally, Andres A. Lopez, John A. Haudrich and Darrow A. Abrahams and each of them, his or her attorney-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 on Form S-8 (including post-effective amendments) 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 foregoing, 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 their 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.
| Signature | Title | Date | ||
| /s/ Andres A. Lopez | President and Chief Executive Officer (Principal Executive Officer) and Director | August 3, 2023 | ||
| Andres A. Lopez | ||||
| /s/ John A. Haudrich | Senior Vice President and Chief Financial Officer (Principal Financial Officer; Principal Accounting Officer) | August 3, 2023 | ||
| John A. Haudrich | ||||
| /s/ John H. Walker | Chairman of the Board | August 3, 2023 | ||
| John H. Walker | ||||
| /s/ Samuel R. Chapin | Director | August 3, 2023 | ||
| Samuel R. Chapin | ||||
| /s/ David V. Clark, II | Director | August 3, 2023 | ||
| David V. Clark, II | ||||
| /s/ Gordon J. Hardie | Director | August 3, 2023 | ||
| Gordon J. Hardie | ||||
| /s/ John Humphrey | Director | August 3, 2023 | ||
| John Humphrey | ||||
| /s/ Alan J. Murray | Director | August 3, 2023 | ||
| Alan J. Murray | ||||
| /s/ Hari N. Nair | Director | August 3, 2023 | ||
| Hari N. Nair | ||||
| /s/ Catherine I. Slater | Director | August 3, 2023 | ||
| Catherine I. Slater | ||||
| /s/ Carol A. Williams | Director | August 3, 2023 | ||
| Carol A. Williams |
Exhibit 5.1
 |
555 Eleventh Street, N.W., Suite 1000 | |
| FIRM / AFFILIATE OFFICES | ||
| Austin | Milan | |
August 3, 2023
|
Beijing | Munich |
| Boston | New York | |
| Brussels | Orange County | |
| Century City | Paris | |
| Chicago | Riyadh | |
| Dubai | San Diego | |
| Düsseldorf | San Francisco | |
| Frankfurt | Seoul | |
| Hamburg | Shanghai | |
O-I Glass, Inc. |
Hong Kong | Silicon Valley |
| Houston | Singapore | |
| London | Tel Aviv | |
| Los Angeles | Tokyo | |
| Madrid | Washington, D.C. | |
One Michael Owens Way
Perrysburg, Ohio 43551-2999
Attention: Darrow A. Abrahams
| Re: | Registration Statement on Form S-8; 6,250,000 shares of common stock, $0.01 par value per share |
Ladies and Gentlemen:
We have acted as special counsel to O-I Glass, Inc., a Delaware corporation (the “Company”), in connection with the proposed issuance of up to 6,250,000 shares of common stock, $0.01 par value per share (the “Shares”), to be issued pursuant to the O-I Glass, Inc. Fourth Amended and Restated 2017 Incentive Award Plan (the “Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on August 3, 2023 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issue of the Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.
August 3, 2023
Page 2
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the recipient and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plan, assuming in each case that the individual grants or awards under the Plan are duly authorized by all necessary corporate action and duly granted or awarded and exercised in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the General Corporation Law of the State of Delaware.
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
| Sincerely, | |
| /s/ Latham & Watkins LLP |
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the O-I Glass, Inc. Fourth Amended and Restated 2017 Incentive Award Plan of our reports dated February 8, 2023, with respect to the consolidated financial statements and schedule of O-I Glass, Inc. and the effectiveness of internal control over financial reporting of O-I Glass, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Toledo, Ohio
August 3, 2023
Exhibit 107
CALCULATION OF FILING FEES TABLE
FORM S-8
(Form Type)
O-I GLASS, INC.
(Exact name of registrant as specified in its charter)
Table 1: Newly Registered Securities
| Security Type | Security Class Title | Fee Rule | Amount Registered(1) | Proposed Maximum Offering Price Per Share(2) | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | |||||||||||||||||
| Equity | Common Stock, $0.01 par value per share | Other | 6,250,000 | $ | 23.26 | $ | 145,375,000 | 0.00011020 | $ | 16,020.33 | ||||||||||||||
| Total Offering Amounts | $ | 145,375,000 | $ | 16,020.33 | ||||||||||||||||||||
| Total Fee Offsets | — | |||||||||||||||||||||||
| Net Fee Due | $ | 16,020.33 | ||||||||||||||||||||||
| (1) | This Registration Statement registers 6,250,000 additional shares of common stock, $0.01 par value per share (“Common Stock”), of O-I Glass, Inc. (the “Registrant”) that may be issued to participants pursuant to the O-I Glass, Inc. Fourth Amended and Restated 2017 Incentive Award Plan (the “Plan”). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall also cover any additional shares of common stock of the Registrant that become issuable under the Plan by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the Registrant’s receipt of consideration which would increase the number of outstanding shares of common stock. |
| (2) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under the Securities Act. The Proposed Maximum Offering Price Per Share is based on the average of the high and the low price of Common Stock as reported on the New York Stock Exchange on July 28, 2023. |