As filed with the Securities and Exchange Commission on January 17, 2024

Registration No. 333-                

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

Under

THE SECURITIES ACT OF 1933

 

 

SINCLAIR, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   92-1076143

(State or other jurisdiction of

Incorporation or organization)

 

(I.R.S. Employer

Identification No.)

10706 Beaver Dam Road

Hunt Valley, Maryland 21030

(Address of principal executive office, zip code)

1998 Employee Stock Purchase Plan

(Full title of the plan)

 

 

 

David D. Smith

Executive Chairman

Sinclair, Inc.

10706 Beaver Dam Road

Hunt Valley, Maryland 21030

Telephone: (410) 568-1500

 

Copy to:

 

Jeffrey B. Grill, Esq.

Pillsbury Winthrop Shaw Pittman LLP

1200 Seventeenth Street, N.W.

Washington, D.C. 20036

(202) 663-8000

(Name, address and telephone

number 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 definitions of “large accelerated filer,” “accelerated filer,” “small reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

 

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.  ☐

The Registration Statement shall become effective upon filing in accordance with Rule 462 under the Securities Act.

 

 

 


PART I

INFORMATION REQUIRED IN THE PROSPECTUS

Explanatory Note and General Instruction E Information

This Registration Statement on Form S-8 is being filed for the purpose of registering an additional 1,283,783 shares of Class A Common Stock to be issued pursuant to Sinclair, Inc.’s (the “Registrant” or the “Company”) 1998 Employee Stock Purchase Plan, as amended.

The Company is the successor issuer to Sinclair Broadcast Group, LLC (formerly known as Sinclair Broadcast Group, Inc., the “Predecessor”) pursuant to Rule 414 under the Securities Act of 1933, as amended (the “Securities Act”), and Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Predecessor’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission (the “Commission”) on December 23, 1997 (File No. 333-43047), November 10, 2005 (File No. 333-129615), February 11, 2016 (File No. 333-209476), June 29, 2021 (File No. 333-257503), and June 9, 2022 (File No. 333-265508) and the Company’s Post-Effective Amendment to Registration Statement on Form S-8 filed with the Commission on June 1, 2023 (File No. 333-43047-01), June 1, 2023 (File No. 333-129615-01), June 1, 2023 (File No. 333-209476-01), June 1, 2023 (File No. 333-257503-01), June 1, 2023 (File No. 333-265508-01), excluding reports that the Registrant or the Predecessor filed with the Commission that were incorporated into the Registration Statements on Form S-8 in order to maintain current information about the Registrant or the Predecessor, are hereby incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8.

The document(s) containing the information required by Item 1 of Form S-8 and the statement of availability of registrant information and any other information required by Item 2 of Form S-8 have been sent or given to participants as specified by Rule 428 under the Securities Act. In accordance with Rule 428 and the requirements of Part I of Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. The Registrant will maintain a file of such documents in accordance with the provisions of Rule 428. Upon request, the Registrant shall furnish the Commission or its staff a copy or copies of all of the documents included in such file.


PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference

The following documents and information previously filed with the Commission by the Registrant are incorporated by reference herein.

 

  (a)

The Predecessor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed on March 1, 2023.

 

  (b)

The Predecessor’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023 on May 10, 2023.

 

  (c)

The Predecessor and Registrant’s Quarterly Report on Form  10-Q for the fiscal quarter ended June 30, 2023, filed on August 9, 2023.

 

  (d)

The Predecessor and Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023, filed on November 9, 2023.

 

  (e)

The Predecessor and Registrant’s Current Reports on Form 8-K, filed on July  21, 2023, June  21, 2023, and June 1, 2023.

 

  (f)

The Predecessor’s Current Reports on Form  8-K, filed on May  24, 2023, May  19, 2023, April  3, 2023, and February 10, 2023.

 

  (g)

The description of the Predecessor’s capital stock contained in Exhibit 4.4 to the Predecessor’s Annual Report on Form 10-K filed with the Commission on March 1, 2023.

In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act of 1934, as amended (excluding any portions thereof furnished by the Registrant, including but not limited to information furnished under Item 2.02 and Item 7.01 and any exhibits relating to Item 2.02 or Item 7.01 furnished under Item 9.01 of Form 8-K and any certification required by 18 U.S.C. § 1350), on or after the date of this Registration Statement, 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 in this Registration Statement or in a document incorporated by reference in this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in this Registration Statement or in any subsequently filed document that is deemed to be incorporated by reference in this Registration Statement modifies or supersedes such statement.

Item 8. Exhibits

 

Exhibit No.   

Description

  4.1    Articles of Amendment and Restatement of Sinclair, Inc., effective June  1, 2023 (Incorporated by reference from Exhibit 3.1 to Registrant’s Current Report on Form 8-K filed on June 1, 2023.)
  4.2    Amended and Restated Bylaws of Sinclair, Inc., effective June  1, 2023 (Incorporated by reference from Exhibit 3.2 to Registrant’s Current Report on Form 8-K filed on June 1, 2023.)
  4.3    1998 Employee Stock Purchase Plan (incorporated by reference to Appendix A to the Predecessor’s Definitive Proxy Statement on Schedule 14A filed on April 29, 2021).
  5.1    Opinion of Pillsbury Winthrop Shaw Pittman LLP (filed herewith).
23.1    Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm (filed herewith).
23.2    Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit 5.1).
24.1    Power of Attorney (filed herewith).
107.1    Filing Fee Table (filed herewith).


SIGNATURES

Pursuant to the requirements of the Securities Act, 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 Hunt Valley, Maryland, on the 17th day of January, 2024.

 

SINCLAIR, INC.
By  

/s/ Christopher S. Ripley

  Christopher S. Ripley
  President and Chief Executive Officer

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

SIGNATURE        TITLE    DATE

/s/ Christopher S. Ripley

              President and Chief Executive Officer (Principal Executive Officer)    January 17, 2024
Christopher S. Ripley     

/s/ Lucy A. Rutishauser*

     Executive Vice President and Chief Financial Officer (Principal Financial Officer)    January 17, 2024
Lucy A. Rutishauser     

/s/ David R. Bochenek*

     Senior Vice President, Chief Accounting Officer (Principal Accounting Officer)    January 17, 2024
David R. Bochenek     

/s/ David D. Smith*

     Executive Chairman, Chairman of the Board and Director    January 17, 2024
David D. Smith     

/s/ Frederick G. Smith*

     Director    January 17, 2024
Frederick G. Smith        

/s/ J. Duncan Smith*

     Director    January 17, 2024
J. Duncan Smith        

/s/ Robert E. Smith*

     Director    January 17, 2024
Robert E. Smith        

/s/ Laurie R. Beyer*

     Director    January 17, 2024
Laurie R. Beyer        

/s/ Benjamin S. Carson, Sr.*

     Director    January 17, 2024
Benjamin S. Carson, Sr.        

/s/ Howard E. Friedman*

     Director    January 17, 2024
Howard E. Friedman        

/s/ Benson E. Legg*

     Director    January 17, 2024
Benson E. Legg        


/s/ Daniel C. Keith*

   Director       January 17, 2024
Daniel C. Keith         

 

*   By:  

/s/ Christopher S. Ripley

  Name:   Christopher S. Ripley
  Title:   Attorney-in-Fact

EXHIBIT 5.1

Pillsbury Winthrop Shaw Pittman LLP

1200 Seventeenth Street, N.W.

Washington, DC 20036

January 17, 2024

Sinclair, Inc.

10706 Beaver Dam Road

Hunt Valley, Maryland 21030

 

  Re:

Registration Statement on Form S-8

Ladies and Gentlemen:

We are acting as special securities counsel for Sinclair, Inc., a Maryland corporation (the “Company”), in connection with the Registration Statement on Form S-8 (the “Registration Statement”) relating to the registration under the Securities Act of 1933 (the “Act”) of 1,283,783 shares of Class A Common Stock, par value $0.01 per share (the “Shares”), issuable pursuant to the Company’s 1998 Employee Stock Purchase Plan (the “Plan”).

We have reviewed and are familiar with such corporate proceedings and other matters as we have deemed necessary for this opinion. On the basis of the assumptions and subject to the qualifications and limitations set forth herein, we are of the opinion that the Shares have been duly authorized and, when issued and sold in accordance with the Plan, will be validly issued, fully paid and nonassessable.

The opinions set forth in this letter are limited to the law of the State of Maryland as in effect on the date hereof.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

Very truly yours,

/s/ Pillsbury Winthrop Shaw Pittman LLP

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 Sinclair, Inc. of our report dated March 1, 2023 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Sinclair Broadcast Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2022.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

January 17, 2024

Exhibit 24.1

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Christopher S. Ripley and David R. Bochenek and each of them, his true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign the Registration Statement on Form S-8 to which this power of attorney is filed as an exhibit, and any and all amendments thereto, and to file the same, with 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, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents, or his substitute or substitutes may lawfully do or cause to be done by virtue hereof.

 

SIGNATURE    TITLE   DATE

/s/ Christopher S. Ripley

Christopher S. Ripley

   President, and Chief Executive Officer (Principal Executive Officer)   November 8, 2023

/s/ Lucy A. Rutishauser

Lucy A. Rutishauser

   Executive Vice President and Chief Financial Officer (Principal Financial Officer)   November 8, 2023

/s/ David R. Bochenek

David R. Bochenek

   Senior Vice President, Chief Accounting Officer (Principal Accounting Officer)   November 8, 2023

/s/ David D. Smith

David D. Smith

   Executive Chairman, Chairman of the Board and Director   November 8, 2023

/s/ Frederick G. Smith

Frederick G. Smith

   Director   November 8, 2023

/s/ J. Duncan Smith

J. Duncan Smith

   Director   November 8, 2023

/s/ Robert E. Smith

Robert E. Smith

   Director   November 4, 2023

/s/ Laurie R. Beyer

Laurie R. Beyer

   Director   November 8, 2023

/s/ Benjamin S. Carson, Sr.

Benjamin S. Carson, Sr.

   Director   November 9, 2023

/s/ Howard E. Friedman

Howard E. Friedman

   Director   November 8, 2023

/s/ Benson E. Legg

Benson E. Legg

   Director   November 8, 2023

/s/ Daniel C. Keith

Daniel C. Keith

   Director   November 8, 2023

Exhibit 107

CALCULATION OF FILING FEE TABLE

FORM S-8

(Form Type)

SINCLAIR, INC.

(Exact Name of Registrant as Specified in its Charter)

Table I: Newly Registered Securities

 

                 
     Security
Type
  Security Class Title   Fee
Calculation
Rule
  Amount
Registered (1)
  Proposed
Maximum
Offering
Price Per
Unit (2)
 

Maximum

Aggregate
Offering Price

  Fee Rate   Amount of
Registration
Fee
                 
Fees to be Paid   Equity  

Class A Common Stock, par

value $0.01 per share

 

Rule 457(h) and

Rule 457(c)

  1,283,783(3)   $11.42   $14,660,801.86   0.0001476   $2,163.93
                 

Fees Previously

Paid

                 
           
    Total Offering Amounts     $14,660,801.86     $2,163.93
           
    Total Fees Previously Paid        
           
    Total Fee Offsets        
           
    Net Fee Due           $2,163.93
(1)

Pursuant to Rule 416(a) under the Securities Act of 1933 (the “Securities Act”), this Registration Statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend, recapitalization or any other similar transaction effected without receipt of consideration, which results in an increase in the number of the Registrant’s outstanding shares of Class A Common Stock. 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 employee benefit plans described herein.

(2)

Estimated solely for the purpose of calculating the registration fee, based on the average ($13.43 per share) of the high ($13.73 per share) and low ($13.13 per share) prices of Sinclair, Inc. Class A Common Stock on the NASDAQ Stock Market’s Global Select Market on January 9, 2024, which date is within five business days prior to filing this Registration Statement, in accordance with Rule 457(h) and Rule 457(c), multiplied by 85%, which is the percentage of the price per share applicable to purchases under the Registrant’s 1998 Employee Stock Purchase Plan (the “Plan”).

(3)

Represents an aggregate 1,283,783 increase in the number of shares reserved for issuance under the Plan, including 687,718 shares that were automatically added to the shares reserved for issuance on January 1, 2023 and 596,065 shares that were automatically added to the shares reserved for issuance on January 1, 2024 pursuant to an “evergreen” provision contained in the Plan. Pursuant to such provision, the number of shares reserved for issuance under the Plan automatically increases on January 1 of each year, starting on January 1, 2022 and continuing through January 1, 2031, by the lesser of (i) 1,000,000 shares, (ii) 1.5% of the outstanding shares on the immediately preceding December 31st, or (iii) a lesser amount determined by the Company’s Board of Directors or Compensation Committee of the Board of Directors.

 


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