As filed with the Securities and Exchange Commission on June 17, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
U.S. Xpress Enterprises, Inc.
(Exact name of registrant as specified in its charter)
Amended and Restated
U.S. Xpress Enterprises, Inc.
2018 Omnibus Incentive Plan
(Full title of the plan)
Nathan Harwell
Executive Vice President, Chief Legal Officer, and Secretary
U.S. Xpress Enterprises, Inc.
4080 Jenkins Road
Chattanooga, Tennessee 37421
(Name and address of agent for service)
(423) 510-3000
(Telephone number, including area code, of agent for service)
_________________________________________
Copy to:
Heidi Hornung-Scherr
Scudder Law Firm, P.C., L.L.O.
411 South 13th Street, Suite 200
Lincoln, Nebraska 68508
(402) 435-3223
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.
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
EXPLANATORY NOTE
U.S. Xpress Enterprises, Inc., a Nevada corporation (the "Company"), previously registered 3,200,000 shares of its Class A common stock, $0.01 par value per share, available for grant of awards
under the Company's 2018 Omnibus Incentive Plan (the "Omnibus Plan"). The registration of such shares of Class A common stock was filed on a Form S-8 Registration Statement filed with the Securities and Exchange Commission ("SEC") on June 18, 2018
(File Number 333-225701), in accordance with the Securities Act.
On March 20, 2020, the Compensation Committee approved the Amended and Restated 2018 Omnibus Incentive Plan (the "Amended and Restated Omnibus Plan") to, among other things, (i) increase the number
of shares of Class A common stock available for issuance thereunder to 5,750,000 shares, less shares that were granted under the Omnibus Plan after February 28, 2020 and prior to the date on which the Amended and Restated Omnibus Plan was approved
by our stockholders, (ii) implement additional changes designed to support governance best practices, (iii) provide that if an employee becomes a director (including by continuing his or her service on the Board), upon termination of such
Employee’s employment with the Company, such employee’s ceasing to be an employee of the Company would not be treated as termination for purposes of his or her outstanding awards, subject to the discretion of the Compensation Committee, (iv)
provide that the Compensation Committee has the discretion to increase or decrease the payout under any Performance Award, (v) clarify that the Compensation Committee may provide that stock options shall be deemed to be exercised at the close of
business on the scheduled expiration date if at such time the option by its terms remains exercisable and, if so exercised, would result in a payment to the holder of such option, and (vi) make such other miscellaneous, administrative and
conforming changes as are necessary. All terms used but not otherwise defined herein shall have the meanings ascribed to them in the Amended and Restated Omnibus Plan. The maximum number of shares of Class A common stock available for grant of
Awards under the Amended and Restated Omnibus Plan consists of (i) 4,784,327 new shares, plus (ii) 965,673 shares that remained available for grant as of February 28, 2020. The Amended and Restated Omnibus Plan is set to expire with respect to the
ability to grant new awards on June 8, 2028. The Amended and Restated Omnibus Plan was forwarded for stockholder approval, and on May 27, 2020, at the Company’s 2020 Annual Meeting, the Company’s stockholders approved the adoption of the Amended
and Restated Omnibus Plan.
This Registration Statement on Form S-8 (this "Registration Statement") is being filed to register 4,784,327 additional shares of Class A common stock available for issuance under the Amended and
Restated Omnibus Plan. Pursuant to General Instruction E of Form S-8, the contents of the Form S-8 Registration Statement filed with the SEC on June 18, 2018 (File Number 333-225701) is incorporated herein by reference. In accordance with the
instructional note to Part I of Form S-8 as promulgated by the SEC, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by the Company with the SEC are incorporated herein by reference:
All reports and other documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of the filing of such reports and
documents; provided, however, that the Company is not incorporating any information furnished under any of Item 2.02 or Item 7.01 (including exhibits furnished under Item 9.01 in connection with information furnished under Item 2.02 or Item 7.01)
of any current report on Form 8-K.
Any statement contained herein, or in a document all or a portion of which is 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 herein, or in any other subsequently filed document that also is or 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 8. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 City of Chattanooga, State of Tennessee, on June 17, 2020.
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Eric Fuller, Eric A. Peterson, Max Fuller, Nathan Harwell, Mark A. Scudder, and Heidi
Hornung-Scherr, and each of them, as true and lawful attorneys-in-fact and agents of the undersigned, with full power of substitution, to execute in their respective names, individually and in each capacity stated below, the Registration Statement
on Form S-8 filed herewith and any and all amendments (including post-effective amendments) to this Registration Statement as the attorney-in-fact and to file any such amendment to this Registration Statement, exhibits thereto, and documents
required in connection therewith with the Securities and Exchange Commission, granting unto said attorneys-in-fact and their substitutes full power and authority to do and perform each and every act and thing requisite and necessary to be done in
connection therewith as fully as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and their 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.