S-8

As filed with the Securities and Exchange Commission on March 1, 2022

Registration No. 333-            

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

SERES THERAPEUTICS, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   27-4326290

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

200 Sidney Street – 4th Floor

Cambridge, MA 02139

(Address of Principal Executive Offices) (Zip Code)

 

 

Seres Therapeutics, Inc. 2015 Incentive Award Plan

Seres Therapeutics, Inc. 2015 Employee Stock Purchase Plan

(Full Title of the Plan)

Eric D. Shaff.

President and Chief Executive Officer

Seres Therapeutics, Inc.

200 Sidney Street – 4th Floor

Cambridge, MA 02139

(Name and Address of Agent for Service)

(617) 945-9626

(Telephone Number, including Area Code, of Agent for Service)

 

 

Copies to:

Peter N. Handrinos, Esq.

Latham & Watkins LLP

200 Clarendon Street

Boston, MA 02116

(617) 948-6060

 

 

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 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 is being filed for the purpose of registering an additional 400,000 shares of the common stock of Seres Therapeutics, Inc. (the “Registrant”) to be issued pursuant to the Seres Therapeutics, Inc. 2015 Employee Stock Purchase Plan (the “ESPP”) and an additional 3,675,576 shares of the Registrant’s common stock to be issued pursuant to the Seres Therapeutics, Inc. 2015 Incentive Award Plan (the “Incentive Plan,” and together with the ESPP, the “Plans”). A Registration Statement of the Registrant on Form S-8 relating to the Plans is effective.

INCORPORATION BY REFERENCE OF CONTENTS OF

REGISTRATION STATEMENTS ON FORM S-8

Except as set forth below, the contents of the Registration Statements on Form S-8 (File Nos. 333-205253 , 333-210171, 333-223514 , 333-230092, 333-236824 and 333-253776), including any amendments thereto, filed with the Securities and Exchange Commission, relating to the Plans, are incorporated by reference herein.

 

Item 8.

Exhibits.

 

Number

  

Description

    4.1    Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-37456) filed on July 1, 2015)
    4.2    Amended and Restated By-Laws of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-37456) filed on December 7, 2020)
    5.1+    Opinion of Latham & Watkins LLP, counsel to the Registrant
  23.1+    Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
  23.2+    Consent of Latham & Watkins LLP (included in Exhibit 5.1)
  24.1+    Power of attorney (included on signature pages below)
  99.1    Seres Therapeutics, Inc. 2015 Incentive Award Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Annual Report on Form 10-K (File No. 001-37456) filed on March 2, 2021)
  99.2    Seres Therapeutics, Inc. 2015 Employee Stock Purchase Plan (incorporated by reference to Exhibit 10.3 to the Registrant’s Registration Statement on Form S-1 (Reg. No. 333-204484) filed on May 27, 2015)
107+    Filing Fee Table

 

+

Filed herewith


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 Cambridge, Commonwealth of Massachusetts, on this 1st day of March, 2022.

 

SERES THERAPEUTICS, INC.
By:  

/s/ Eric D. Shaff

  Eric D. Shaff
  President and Chief Executive Officer

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Eric D. Shaff and David Arkowitz, or either of them, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to file and sign any and all amendments, including post-effective amendments, to this registration statement, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, 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 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 substitute or substitutes may lawfully do or cause to be done by virtue hereof. This power of attorney shall be governed by and construed with the laws of the State of Delaware and applicable federal securities laws.

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/ Eric D. Shaff

   President, Chief Executive Officer, Director  

March 1, 2022

Eric D. Shaff    (principal executive officer)  

/s/ David Arkowitz

David Arkowitz

   Executive Vice President, Chief Financial Officer, and Head of Business Development  

March 1, 2022

   (principal accounting officer and principal financial officer)  

/s/ Stephen Berenson

   Chairman of the Board  

March 1, 2022

Stephen Berenson     

/s/ Dennis Ausiello

   Director  

March 1, 2022

Dennis Ausiello, M.D.     

/s/ Grégory Behar

   Director  

March 1, 2022

Grégory Behar     

/s/ Paul R. Biondi

   Director  

March 1, 2022

Paul R. Biondi     

/s/ Willard H. Dere

   Director  

March 1, 2022

Willard H. Dere, M.D.     


SIGNATURE    TITLE   DATE

/s/ Kurt C. Graves

   Director  

March 1, 2022

Kurt C. Graves     

/s/ Richard N. Kender

   Director  

March 1, 2022

Richard N. Kender     

/s/ Meryl S. Zausner

   Director  

March 1, 2022

Meryl S. Zausner     
EX-5.1

Exhibit 5.1

 

 

LOGO

 

 

March 1, 2022

                                                                     

200 Clarendon Street

Boston, Massachusetts 02116

Tel: +1.617.948.6000 Fax: +1.617.948.6001

www.lw.com

 

FIRM / AFFILIATE OFFICES

Beijing     Moscow

Boston      Munich

Brussels      New York

Century City    Orange County

Chicago      Paris

Dubai      Riyadh

Düsseldorf     San Diego

Frankfurt     San Francisco

Hamburg     Seoul

Hong Kong     Shanghai

Houston      Silicon Valley

London       Singapore

Los Angeles     Tokyo

Madrid     Washington, D.C.

Milan           

Seres Therapeutics, Inc.

200 Sidney Street – 4th Floor

Cambridge, MA 02139

 

  Re:

Registration Statement on Form S-8; 4,075,576 shares of Seres Therapeutics, Inc. Common Stock, $0.001 par value per share

To the addressee set forth above:

We have acted as special counsel to Seres Therapeutics, Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S-8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”), relating to the issuance by the Company of up to an aggregate of 4,075,576 shares of common stock of the Company, $0.001 par value per share (the “Shares”), issuable under the Seres Therapeutics, Inc. 2015 Incentive Award Plan (the “2015 Plan”) and the Seres Therapeutics, Inc. 2015 Employee Stock Purchase Plan (together with the 2015 Plan, the “Plans”). 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 the prospectus forming a part thereof, other than as expressly stated herein with respect to the issuance 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 (the “DGCL”), and we express no opinion with respect to any other laws.


March 1, 2022

Page 2

 

LOGO

 

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 purchasers, and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plans, assuming in each case that the individual grants or awards under the Plans are duly authorized by all necessary corporate action and duly granted or awarded and exercised in accordance with the requirements of law and the Plans (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 DGCL.

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

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Seres Therapeutics, Inc. of our report dated March 1, 2022 relating to the financial statements, and the effectiveness of internal control over financial reporting, which appears in Seres Therapeutics, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2021.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

March 1, 2022

 

1

EX-FILING FEES

Exhibit 107

CALCULATION OF FILING FEE TABLE

FORM S-8

(Form Type)

SERES THERAPEUTICS, INC.

(Exact Name of Registrant as Specified in its Charter)

Table I: Newly Registered Securities

 

Plan        Security    
Type
  

        Security Class        

Title

   Fee
    Calculation    
Rule
   Amount
    Registered
(1)    
    Proposed
Maximum
  Offering Price  
Per Unit
     Maximum
    Aggregate    
Offering Price
             Fee Rate            Amount of
    Registration    
Fee
 
2015 Incentive Award Plan    Equity    Common Stock,
par value $0.001
per share
   Rule 457(c)
and 457(h)
     3,675,576 (2)    $ 7.90(4)      $ 29,037,050.40      $92.70 per
million dollars
   $ 2,691.74  
2015 Employee Stock Purchase Plan    Equity    Common Stock,
par value $0.001
per share
   Rule 457(c)
and 457(h)
     400,000 (3)    $ 7.90(4)      $ 3,160,000.00      $92.70 per
million dollars
   $ 292.94  
     Total Offering Amounts                $32,197,050.40             $2,984.68  
     Total Fee Offsets                              $—    
     Net Fee Due                              $2,984.68  

 

(1)

In accordance with Rule 416(a) under the Securities Act of 1933, as amended (“Securities Act”), this registration statement shall be deemed to cover any additional securities that may from time to time be offered or issued under the Seres Therapeutics, Inc. 2015 Incentive Award Plan (the “Incentive Plan”) and the Seres Therapeutics, Inc. 2015 Employee Stock Purchase Plan (the “ESPP”) to prevent dilution resulting from stock splits, stock dividends or similar transactions. In addition, pursuant to Rule 416(c) under the Securities Act, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the Incentive Plan and the ESPP.

(2)

Consists of 3,675,576 shares of Common Stock that may become issuable under the Incentive Plan pursuant to its terms.

(3)

Consists of 400,000 shares of Common Stock that may become issuable under the ESPP pursuant to its terms.

(4)

Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act of 1933, as amended, and based upon the average of the high and low prices of the Common Stock as reported on the Nasdaq Global Select Market on February 24, 2022.