UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM S-8

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

GAMING PARTNERS INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

1700 Industrial Road, Las Vegas, Nevada 89102

(Address of registrant’s principal executive offices, including zip code)

 

Gaming Partners International Corporation 1994 Directors’ Stock Option Plan

(Full title of the plan)

 

David W. Grimes
Chief Financial Officer

Gaming Partners International Corporation

1700 Industrial Road
Las Vegas, Nevada 89102

(Name and address of agent for service)

 

(702) 384-2425

(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, 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.

Large Accelerated Filer  o		Accelerated Filer  o
Non-accelerated filer  o  (do not check if smaller reporting company)		Smaller reporting company  x

 

Please send copies of all correspondence to:

 

John C. Jeppsen, Esq.

KUMMER KAEMPFER BONNER RENSHAW & FERRARIO

3800 Howard Hughes Parkway

Seventh Floor

Las Vegas, Nevada 89169

(702) 792-7000

 

CALCULATION OF REGISTRATION FEE

 

Title of securities to be registered		Amount to be registered (1)		Proposed maximum offering price per share (2)			Proposed maximum aggregate offering price (2)			Amount of Registration Fee
Common Stock, $0.01 par value		300,000		$	4.15		$	1,244,080		$	48.89

(1)   Pursuant to Rule 416(a) of the Securities Act of 1933, this registration statement covers, in addition to the shares of common stock specified above, an indeterminate number of additional shares of common stock that may become issuable under the 1994 Directors’ Stock Option Plan (the “Plan”) as a result of the anti-dilution adjustment provisions of the Plan.

 

(2)   The proposed maximum offering price and maximum aggregate offering price were estimated in accordance with Rule 457(c) and Rule 457(h) under the Securities Act of 1933 based upon the average of the high and low sales prices of registrant’s common stock as reported on the Nasdaq Stock Market on July 7, 2008 and the weighted average exercise price for outstanding options not previously registered.

 

 

EXPLANATORY NOTE AND INFORMATION REQUIRED BY
GENERAL INSTRUCTION E TO FORM S-8

 

This registration statement relates to the registration of 300,000 additional shares of the common stock, par value $0.01 per share (“Common Stock”), of Gaming Partners International Corporation (“Registrant”) reserved for issuance under Registrant’s 1994 Directors’ Stock Option Plan, as amended (the “Plan”).  As permitted by General Instruction E to Form S-8, the contents of Registrant’s registration statement on Form S-8 (File No. 33-84726), filed with the Securities and Exchange Commission (“SEC”) on October 4, 1994, and the contents of Registrant’s registration statement on Form S-8 (File No. 333-114019) filed with the SEC on March 30, 2004, are incorporated herein by reference, except as the same may be modified by the information set forth herein.

 

PART II

 

INFORMATION REQUIRED IN REGISTRATION STATEMENT

 

Item 3.  Incorporation of Documents by Reference.

 

The following documents filed by Registrant with the Securities and Exchange Commission are hereby incorporated by reference:

 

(a)        Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007;

 

(b)        Registrant’s Quarterly Report on Form 10-Q for the three months ended March 31, 2008; and

 

(c)        The description of Registrant’s Common Stock contained in Registrant’s Registration Statement on Form 8-A filed March 8, 1994 (File No. 0-23588), including any amendment or report filed for the purpose of updating such description.

 

All documents subsequently filed by Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, 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 in this registration statement and to be a part hereof from the date of filing of 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 such statement is modified or superseded by a subsequently filed document which also is or is deemed to be incorporated by reference herein.  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.

 

Subsection 1 of Section 78.7502 of the Nevada Revised Statutes (the “Nevada Law”) empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or

 

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was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he is not liable pursuant to Section 78.138 of the Nevada Law or if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.  Section 78.138 of the Nevada Law provides that, with certain exceptions, a director or officer is not individually liable to the corporation or its stockholders for any damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that (i) his act or failure to act constituted a breach of his fiduciary duties as a director or officer, and (ii) his breach of those duties involved intentional misconduct, fraud or a knowing violation of law.  Registrant’s articles of incorporation contain a similar provision.

 

Subsection 2 of Section 78.7502 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in any of the capacities set forth above against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in accordance with the standards set forth above, except that no indemnification may be made in respect of any claim, issue or matter as to which such person shall have been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which such action or suit was brought or other court of competent jurisdiction determines that in view of all the circumstances of the case such person is fairly and reasonably entitled to indemnify for such expenses as the court deems proper.

 

Section 78.7502 further provides that to the extent a director or officer of a corporation has been successful in the defense of any action, suit or proceeding referred to in subsections (1) and (2) of Section 78.7502, or in the defense of any claim, issue or matter therein, the corporation shall indemnify him against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or settlement of the action or suit.

 

Section 78.751 of the Nevada Law provides that the articles of incorporation, the bylaws or an agreement made by the corporation may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by the corporation.  Registrant’s articles of incorporation and bylaws require Registrant to make such payment of expenses in advance upon receipt of such an undertaking.

 

Section 78.751 of the Nevada Law requires the corporation to obtain a determination that any discretionary indemnification is proper under the circumstances.  Such a determination must be made by either Registrant’s stockholders; its board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding; or under certain circumstances by independent legal counsel.  Section 78.751 also provides that the indemnification provided for by Section 78.7502 and the advancement of expenses authorized pursuant to Section 78.751 shall not be deemed exclusive or exclude any other rights to which the indemnified party may be entitled except that indemnification unless ordered by a court pursuant to Section 78.7502 may not be made on or behalf of any officer or director if a final adjudication establishes that his acts or omissions involved intentional

 

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misconduct, fraud or a knowing violation of the law and was material to the cause of action for which indemnification is sought.  The scope of indemnification under the statute shall continue as to directors, officers, employees or agents who have ceased to hold such positions, and to the benefit of their heirs, executors and administrators.

 

Section 78.752 of the Nevada Law empowers the corporation to purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him or incurred by him in any such capacity or arising out of his status as such whether or not the corporation would have the power to indemnify him against such liabilities and expenses.

 

Registrant has provided for indemnification to the fullest extent permitted by the provisions of Nevada Law in its articles of incorporation and bylaws.  In addition, Registrant has contractually agreed to indemnify each present and former director of Registrant as of the closing date of its combination with Bourgogne et Grasset (the “Combination”) against any claim arising out of or pertaining to any matter existing or occurring at or prior to the closing date of the Combination, whether asserted or claimed prior to, at or after such closing date, to the fullest extent permitted under Nevada law and its articles of incorporation or bylaws then in effect.  Registrant also maintains a directors’ and officers’ liability insurance policy.  Registrant has agreed to maintain for a period of six years after the Combination a directors’ and officers’ liability insurance policy covering those persons who were covered as of the date of the Combination.

 

Item 8.  Exhibits.

 

The following exhibits are filed as a part of this registration statement:

 

4.01		1994 Directors’ Stock Option Plan, as amended.
5.01		Opinion of Kummer Kaempfer Bonner Renshaw & Ferrario as to the legality of the Common Stock being registered.
23.01		Consent of Moss Adams LLP
23.02		Consent of Kummer Kaempfer Bonner Renshaw & Ferrario (contained in Exhibit 5.01).
24.01		Power of Attorney (contained on the signature page hereto).

 

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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 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 Las Vegas, State of Nevada, on July 8, 2008.

 

	GAMING PARTNERS INTERNATIONAL CORPORATION
	By:	/s/ Gerard P. Charlier
		Gerard P. Charlier
		President and Chief Executive Officer

 

 

POWER OF ATTORNEY

 

The undersigned directors and officers of Gaming Partners International Corporation hereby appoint Laura McAllister Cox and David W. Grimes, and either of them, as attorney-in-fact for the undersigned, with full power of substitution, for and in the name, place and stead of the undersigned, to sign and file with the Securities and Exchange Commission under the Securities Act of 1933 any and all amendments and exhibits to this registration statement and any and all applications and other documents to be filed with the Securities and Exchange Commission pertaining to the registration of the securities covered hereby, with full power and authority to do and perform any and all acts and things whatsoever requisite and necessary or desirable, hereby ratifying and confirming all that 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 date indicated.

 

Signature		Title		Date
/s/ Gerard P. Charlier		Chairman of the Board of Directors, President and Chief Executive Officer		July 8, 2008
Gerard P. Charlier		(Principal Executive Officer)
/s/ David W. Grimes		Chief Financial Officer		July 8, 2008
David W. Grimes		(Principal Financial and Accounting
		Officer)
/s/ Martin A. Berkowitz		Director		July 8, 2008
Martin A. Berkowitz

 

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Signature		Title		Date
		Director
Elisabeth Carrette
/s/ Eric P. Endy		Director		July 8, 2008
Eric P. Endy
/s/ Charles R. Henry		Director		July 8, 2008
Charles R. Henry
/s/ Robert J. Kelly		Director		July 8, 2008
Robert J. Kelly
		Director
Alain Thieffry

 

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Exhibit Number		Description
4.01		1994 Directors’ Stock Option Plan, as amended.
5.01		Opinion of Kummer Kaempfer Bonner Renshaw & Ferrario re: legality of the securities being registered
23.01		Consent of Moss Adams LLP
23.02		Consent of Kummer Kaempfer Bonner Renshaw & Ferrario (contained in Exhibit 5.01).
24.01		Power of Attorney (contained on the signature page hereto).

 

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