giii_Current_Folio_S8

 

 

 

As filed with the Securities and Exchange Commission on June 25, 2019

Registration No. 333-

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

     Washington, D.C. 20549     

 

 

 

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

 

G-III APPAREL GROUP, LTD.

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)

41‑1590959
(I.R.S. Employer Identification No.)

512 Seventh Avenue
New York, New York
(Address of Principal Executive Offices)

10018
(Zip Code)

G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended

(Full title of the plan)

 

 

 

 

Morris Goldfarb, Chief Executive Officer

G-III Apparel Group, Ltd.

512 Seventh Avenue

New York, New York 10018

(Name and address of agent for service)

(212) 403-0500

(Telephone number, including area code, of agent for service)

 

 

 

 

Copy to:

Neil Gold, Esq.
Manuel G. Rivera, Esq.
Norton Rose Fulbright US LLP
1301 Avenue of the Americas
New York, New York 10019
Telephone: (212) 318-3000
Facsimile: (212) 318-3400

 

 

 

 

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. ☐

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

2,500,000 shares(3)

$27.67

$69,175,000.00

$8,384.01

 

 

 

(1)

Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement on Form S-8 (this “Registration Statement”) shall also cover an additional indeterminable number of shares of common stock which become issuable under the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (the “Plan”), by reason of any future stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number of outstanding shares of common stock.

(2)

Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act, based upon $27.67, the average of the high and low sales prices of the registrant’s common stock on the NASDAQ Global Select Market on June 24, 2019.

(3)

Additional shares of common stock authorized for issuance pursuant to awards made under the Plan as a result of a recent amendment to the Plan.

 

EXPLANATORY NOTE

 

The purpose of this Registration Statement on Form S-8 is to register an additional 2,500,000 shares of common stock, par value $0.01 per share (“Common Stock”), of G-III Apparel Group, Ltd. (the “Company”) for issuance pursuant to awards under the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (the “Plan”).  In accordance with General Instruction E of Form S-8, the contents of the Company’s Registration Statement on Form S-8 (File No. 333-205602), filed with the Securities and Exchange Commission (the “Commission”) on July 10, 2015, to register 2,500,000 shares of Common Stock for issuance pursuant to awards under such Plan, is incorporated herein by reference.  Effective June 13, 2019, the Company amended the Plan to increase the number of shares of Common Stock that may be issued under the Plan to 5,000,000 shares of Common Stock from 2,500,000 shares of Common Stock.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.            Incorporation of Documents by Reference.

The following documents and information filed with the Commission by the Company are incorporated herein by reference:

·

the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2019, filed on March 28, 2019;

·

the Company’s Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2019, filed on June 10, 2019;

·

the Company’s Current Reports on Form 8-K filed on April 23, 2019 and June 13, 2019; and

·

the description of the Company’s capital stock contained in the Company’s Form 8-K filed on November 1, 2012.

All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act of 1934, as amended, prior to the filing of a post-effective amendment indicating that all of the securities offered hereunder have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents.  Any statement contained in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes hereof to the extent that a statement contained herein or in any subsequently filed document that is also incorporated by reference herein modifies or supersedes such statement.  Any 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.

The following exhibits are filed herewith as part of this Registration Statement.

 

 

 

Exhibit
No.

    

Description

 

 

 

5.1

 

Opinion of Norton Rose Fulbright US LLP.

 

 

 

10.1

 

G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K, filed on June 13, 2019).

 

 

 

23.1

 

Consent of Norton Rose Fulbright US LLP (included in Exhibit 5.1).

 

 

 

23.2

 

Consent of Ernst & Young LLP.

 

 

 

24.1

 

Power of Attorney (included on signature page to this Registration Statement). 

 

 

 

 

 

Exhibit
No.

    

Description

 

 

 

5.1

 

Opinion of Norton Rose Fulbright US LLP.

 

 

 

10.1

 

G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K, filed on June 13, 2019).

 

 

 

23.1

 

Consent of Norton Rose Fulbright US LLP (included in Exhibit 5.1).

 

 

 

23.2

 

Consent of Ernst & Young LLP.

 

 

 

24.1

 

Power of Attorney (included on signature page to this Registration Statement).

 

 

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 New York, State of New York, on June 25, 2019.

 

 

 

 

G-III APPAREL GROUP, LTD.

 

 

 

By:

/s/ Neal S. Nackman

 

 

Neal S. Nackman

 

 

Chief Financial Officer and Treasurer

 

 

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints MORRIS GOLDFARB, WAYNE S. MILLER and NEAL S. NACKMAN, and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and his name, place and stead, and 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 all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting to 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, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.

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/ Morris Goldfarb

 

Chairman of the Board and Chief Executive Officer (Principal Executive Officer)

June 25, 2019

Morris Goldfarb

 

/s/ Neal S. Nackman

 

Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)

June 25, 2019

Neal S. Nackman

 

/s/ Sammy Aaron

 

Director, Vice Chairman and President

June 25, 2019

Sammy Aaron

 

/s/ Thomas J. Brosig

 

Director

June 25, 2019

Thomas J. Brosig

 

/s/ Alan Feller

 

Director

June 25, 2019

Alan Feller

 

/s/ Jeffrey Goldfarb

 

Director

June 25, 2019

Jeffrey Goldfarb

 

/s/Victor Herrero

 

Director

June 25, 2019

Victor Herrero

 

/s/ Jeanette Nostra

 

Director

June 25, 2019

Jeanette Nostra

 

/s/ Laura Pomerantz

 

Director

June 25, 2019

Laura Pomerantz

 

/s/ Willem van Bokhorst

 

Director

June 25, 2019

Willem van Bokhorst

 

/s/ Cheryl Vitali

 

Director

June 25, 2019

Cheryl Vitali

 

/s/ Richard White

 

Director

June 25, 2019

Richard White

 

 

 

giii_Ex5_1

 

Exhibit 5.1

 

Picture 1

June 25, 2019

 

 

Norton Rose Fulbright US LLP

1301 Avenue of the Americas

New York, New York  10019-6022

United States

 

G-III Apparel Group, Ltd.
512 Seventh Avenue
New York, NY 10018

Tel +1 212 318 3000

Fax +1 212 318 3400

nortonrosefulbright.com

 

Ladies and Gentlemen:

We have acted as counsel to G-III Apparel Group, Ltd., a Delaware corporation (the “Company”), in connection with the registration under the Securities Act of 1933, as amended (the “Securities Act”), of an additional 2,500,000 shares of the Company’s common stock, par value $0.01 per share (the “Shares”), that are reserved for issuance pursuant to awards under the Company’s 2015 Long-Term Incentive Plan, as amended (the “Plan”), as described in the Company’s Registration Statement on Form S-8 (as it may subsequently be amended, the “Registration Statement”).

In connection with the foregoing, we have examined the Plan and originals or copies of such corporate records of the Company, certificates of officers of the Company and such other documents as we have deemed relevant or necessary for the purpose of rendering the opinions expressed herein. As to questions of fact material to those opinions, we have, to the extent we deemed appropriate, relied on certificates of officers of the Company. We have assumed the genuineness of all signatures on, and the authenticity of, all documents submitted to us as originals, the conformity to authentic original documents of all documents submitted to us as copies thereof, the due authorization, execution and delivery by the parties thereto other than the Company of all documents examined by us, and the legal capacity of each individual who signed any of those documents.

Based upon the foregoing, we are of the opinion that the Shares, when issued and sold in the manner referred to in the Plan and the pursuant to the award agreements entered into pursuant to the Plan, will be validly issued, fully paid and non-assessable.

The opinions expressed herein are limited exclusively to applicable federal laws of the United States of America and applicable provisions of, respectively, the Delaware Constitution, the Delaware General Corporation Law and reported judicial interpretations of such law, in each case as currently in effect, and we are expressing no opinion as to the effect of the laws of any other jurisdiction.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. This consent is not to be construed as an admission that we are a party whose consent is required to be filed with the Registration Statement under the provisions of the Securities Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

 

 

Very truly yours, 

 

/s/ Norton Rose Fulbright US LLP

 

Norton Rose Fulbright US LLP

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas.

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain regulatory information, are available at nortonrosefulbright.com.

giii_Ex23_2

Exhibit 23.2

 

Consent of Independent Registered Public Accounting Firm

 

We consent to the incorporation by reference in the Registration Statement on Form S-8 pertaining to the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan, as amended,  of our reports dated March 28, 2019, with respect to the consolidated financial statements and schedule of G-III Apparel Group, Ltd. and the effectiveness of internal control over financial reporting of G-III Apparel Group, Ltd. included in its Annual Report (Form 10-K) for the year ended January 31, 2019, filed with the Securities and Exchange Commission.

 

/s/ Ernst & Young LLP

New York, New York
June 25, 2019