As filed with the Securities and Exchange Commission on February 22, 2024
Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
Thryv Holdings, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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13-2740040
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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2200 West Airfield Drive
P.O. Box 619810
DFW Airport, Texas
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75261
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(Address of Principal Executive Offices)
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(Zip Code)
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Thryv Holdings, Inc. 2020 Incentive Award Plan
(Full title of the plan)
Joseph A. Walsh
Chairman of the Board and Chief Executive Officer
2200 West Airfield Drive
P.O. Box 619810
DFW Airport, Texas 75261
(Name and address of agent for service)
(972) 453-7000
(Telephone number, including area code, of agent for service)
with copies of communications to:
Garrett A. DeVries
Akin Gump Strauss Hauer & Feld LLP
2300 N. Field Street, Suite 1800
Dallas, Texas 75201
(214) 969-2800
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:
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Large accelerated filer ☑
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Accelerated filer ☐
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Non-accelerated filer ☐
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Smaller reporting company ☐
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Emerging Growth Company ☐
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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. ☐
EXPLANATORY NOTE
This registration statement on Form S-8 (the “Registration Statement”) is being filed by Thryv Holdings, Inc., a Delaware corporation (the “Registrant”), pursuant to General Instruction E of Form S-8
under the Securities Act to register an additional 1,759,429 shares of Common Stock for issuance in connection with awards under the 2020 Incentive Award Plan (the “2020 Plan”) pursuant to an “evergreen” provision added by the Second Amendment to the
2020 Plan as approved by the Registrant’s board of directors and stockholders on May 12, 2021 and May 18, 2021, respectively. The evergreen provision provides that the total number of shares reserved for issuance under the 2020 Plan will be
automatically increased on January 1st of each year, commencing on January 1, 2022 and ending on (and including) January 1, 2030, in an amount equal to 5% of the total number of shares of Common Stock outstanding on December 31st of the preceding year.
These shares of Common Stock issuable under the 2020 Plan are additional securities of the same class as other securities for which registration statements on Form S-8 (File Nos. 333-249002,
333-258875, 333-263626 and 333-269980) were previously filed with the United States Securities and Exchange Commission (the “Commission”) on September 24, 2020, August 17, 2021, March 16, 2022 and February 24, 2023, respectively (the “Prior
Registration Statements”). The information contained in the Prior Registration Statements is incorporated herein by reference and made part of this Registration Statement, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
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Incorporation of Documents by Reference.
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The following documents are hereby incorporated by reference in, and shall be deemed to be a part of, this Registration Statement:
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(1)
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The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the
Commission on February 22, 2024; and |
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(2)
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The description of the Registrant’s Common Stock set forth in the Registrant’s registration statement on Form
8-A (File No. 001-35895), filed with the Commission on September 21, 2020, including any amendment or report filed for the purpose of updating such description. |
In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) subsequent
to the date of the filing hereof and prior to the filing of a post‑effective amendment, which indicates that all securities offered hereunder have been sold, or which deregisters all securities then remaining unsold, are deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that no information furnished under either Item 2.02 or Item 7.01 (or any exhibits related thereto under Item 9.01) of any
Current Report on Form 8-K shall be deemed to be incorporated by reference in this Registration Statement or to be a part hereof.
The following documents are filed as part of this Registration Statement or incorporated by reference herein:
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Exhibit No.
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Description
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Thryv Holdings, Inc. 2020 Incentive Award Plan, incorporated by reference to Exhibit 4.5 to the Registrant’s Registration Statement on Form S-8 (File No. 333-249002) filed on September 24, 2020.
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First Amendment to the Thryv Holdings, Inc. 2020 Incentive Award Plan, incorporated by reference to Exhibit A to the Registrant’s Definitive Schedule 14C (File No. 001-35895) filed on June 16, 2021.
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Second Amendment to the Thryv Holdings, Inc. 2020 Incentive Award Plan incorporated by reference to Exhibit B to the Registrant’s Definitive Schedule 14C (File No. 001-35895) filed on June 16, 2021.
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Form of Certificate of Common Stock incorporated by reference from Exhibit 4.1 to the Registrant’s Registration Statement on Form S-1 (Registration No. 333-248532) filed on September 1, 2020.
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Opinion of Akin Gump Strauss Hauer & Feld LLP, as to the legality of the securities being registered hereby.
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Exhibit No.
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Description
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Consent of Grant Thornton LLP.
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Consent of Ernst & Young LLP.
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Consent of Akin Gump Strauss Hauer & Feld LLP (contained in Exhibit 5.1).
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Power of Attorney (set forth on the signature page of this Registration Statement).
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Filing Fee Table
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* 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 the City of Dallas, State of Texas, on February 22, 2024.
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THRYV HOLDINGS, INC.
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By:
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/s/ Joseph A. Walsh
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Joseph A. Walsh
Chairman of the Board and Chief Executive Officer
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Each person whose signature appears below hereby appoints Paul D. Rouse and Lesley Bolger, and each of them, his or her true and lawful attorneys-in-fact and agents with full power of substitution, for
him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments or supplements (including, without limitation, prospectus supplements, stickers and post-effective amendments) to this Registration Statement
on Form S-8, and to file the same with all exhibits thereto and all documents in connection therewith, with the 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 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 any of them, or his, her
or their substitute or 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 indicated below on February 22, 2024.
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Signature
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Title
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Chairman of the Board, Chief Executive Officer and Director
(Principal Executive Officer)
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Joseph A. Walsh
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Chief Financial Officer, Executive Vice President and Treasurer
(Principal Financial Officer and Principal Accounting Officer)
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Paul D. Rouse
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Director
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Amer Akhtar
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Director
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Bonnie Kintzer
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Director
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Ryan O’Hara
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Director
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John Slater
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Director
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Lauren Vaccarello
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Director
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Heather Zynczak
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February 22, 2024
Thryv Holdings, Inc.
2200 West Airfield Drive
P.O. Box 619810
DFW Airport, Texas 75261
Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as special counsel to Thryv Holdings, Inc., a Delaware corporation (the “Company”), in connection with a Registration
Statement on Form S-8 of the Company (the “Registration Statement”), being filed on the date hereof with the Securities and Exchange Commission under the Securities Act of 1933, as amended
(the “Act”), relating to the proposed issuance of up to 1,759,429 shares (the “Shares”) of the Company’s common stock, par value
$0.01 per share (“Common Stock”), authorized for issuance pursuant to the automatic increase provision of the Company’s 2020 Incentive Award Plan (as amended to date, the “Plan”). This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act.
We have examined originals or certified copies of such corporate records of the Company and other certificates and documents of officials of the Company, public officials and others as we have deemed
appropriate for purposes of this letter. We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents
of all copies submitted to us as conformed, certified or reproduced copies. We have also assumed that (i) the certificates for the Shares will conform to the specimen thereof filed as an exhibit to the Registration Statement and upon issuance will
have been duly countersigned by the transfer agent and duly registered by the registrar for the Common Stock or, if uncertificated, valid book-entry notations for the issuance of the Shares in uncertificated
form will have been duly made in the share register of the Company, (ii) each award agreement setting forth the terms of each award granted pursuant to the Plan is consistent with the Plan
and has been duly authorized and validly executed and delivered by the parties thereto, and (iii) at the time of each issuance of Shares, there will be sufficient shares of Common Stock authorized for issuance under the Company’s certificate of
incorporation that have not otherwise been issued or reserved or committed for issuance, and (iv) the price per share paid for Shares issued pursuant to the Plan is not less than the par value of the Shares. As to various questions of fact relevant
to this letter, we have relied, without independent investigation, upon certificates of public officials and certificates of officers of the Company, all of which we assume to be true, correct and complete.
Based upon the foregoing, and subject to the assumptions, exceptions, qualifications and limitations stated herein, we are of the opinion that when the Shares have been issued and delivered upon
payment therefor in accordance with the terms of the Plan and applicable award agreement, the Shares will be duly authorized, validly issued, fully paid and non-assessable.
The opinions and other matters in this letter are qualified in their entirety and subject to the following:
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We express no opinion as to the laws of any jurisdiction other than the General Corporation Law of the State of Delaware.
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This opinion letter is limited to the matters expressly stated herein and no opinion is to be inferred or implied beyond the opinion expressly set forth herein. We undertake no, and hereby disclaim any, obligation to make any inquiry
after the date hereof or to advise you of any changes in any matter set forth herein, whether based on a change in the law, a change in any fact relating to the Company or any other person or any other circumstance.
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We hereby consent to the filing of this opinion as an exhibit 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 and the rules and regulations thereunder.
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Very truly yours,
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/s/ Akin Gump Strauss Hauer & Feld LLP
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AKIN GUMP STRAUSS HAUER & FELD LLP
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Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We have issued our reports dated February 22, 2024 with respect to the consolidated financial statements and internal control over financial reporting of Thryv Holdings, Inc. included in the Annual Report on Form 10-K
for the year ended December 31, 2023, which are incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned reports in this Registration Statement.
/s/ GRANT THORNTON LLP
Dallas, Texas
February 22, 2024
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) to register an additional 1,759,429 shares of common stock filed on February 22, 2024 pertaining to the Thryv Holdings, Inc. 2020 Incentive Award Plan of our
report dated March 15, 2022 (except Note 17, as to which the date is February 23, 2023), with respect to the consolidated financial statements of Thryv Holdings, Inc. and Subsidiaries included in its Annual Report (Form 10-K) for the year ended
December 31, 2023, filed with the Securities and Exchange Commission.
/s/ ERNST & YOUNG LLP
Dallas, Texas
February 22, 2024
Calculation of Filing Fee Tables
Form S-8
(Form Type)
Thryv Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
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Security
Type
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Security Class
Title
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Fee Calculation
Rule
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Amount Registered
(1)
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Proposed
Maximum
Offering Price
Per Unit
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Maximum
Aggregate
Offering
Price
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Fee
Rate
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Amount of
Registration Fee
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Fees to Be Paid
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Equity
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Common Stock, $0.01 par value per share(1)
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Other
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1,759,429 (2)
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$21.20 (3)
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$37,299,894.80(3)
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0.00014760
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$5,505.46
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Total Offering Amounts
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$37,299,894.80
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$5,505.46
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Total Fees Previously Paid
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–
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Total Fee Offsets
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–
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Net Fees Due
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$5,505.46
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| (1) |
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this registration statement shall be deemed to cover any additional securities that may become issuable under
the Thryv Holdings, Inc. 2020 Incentive Award Plan (the “2020 Plan”) by reason of any stock split, stock dividend, recapitalization or similar transaction.
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| (2) |
Consists of additional shares of common stock issuable under the 2020 Plan pursuant to the terms of the 2020 Plan.
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| (3) |
Estimated solely for the purpose of calculating the registration fee in accordance with Rules 457(c) and 457(h) under the Securities Act. The maximum offering price per share and
maximum aggregate offering price are based on a price of $21.20, which was the average of the high and low sales prices per share of Common Stock reported on the Nasdaq stock market on February 20, 2024.
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