As filed with the U.S. Securities and Exchange Commission on February 16, 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

 

 

Roku, Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   26-2087865

(State or other jurisdiction of

Incorporation or organization)

 

(I.R.S. Employer

Identification No.)

1173 Coleman Avenue

San Jose, California 95110

(408) 556-9040

(Address of principal executive offices) (Zip code)

Roku, Inc. 2017 Equity Incentive Plan

(Full title of the plan)

 

 

Stephen H. Kay

General Counsel and Secretary

Roku, Inc.

1173 Coleman Avenue, San Jose, California 95110

(408) 556-9040

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

 

 

Copies to:

Sarah K. Solum

Freshfields Bruckhaus Deringer US LLP

855 Main Street

Redwood City, California 94063

(650) 618-9250

 

 

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. 

 

 

 


EXPLANATORY NOTE

Roku, Inc. (the “Registrant”) is filing this Registration Statement with the Securities and Exchange Commission (the “Commission”) pursuant to General Instruction E of Form S-8. The Registrant’s 2017 Equity Incentive Plan (the “2017 Plan”) provides that the total number of shares reserved for issuance under the 2017 Plan will automatically increase on January 1st of each calendar year, from January 1, 2018 to January 1, 2027, in an amount equal to 5% of the total number of shares of the Registrant’s capital stock outstanding on the last day of the preceding year, or a lesser number of shares determined by the Registrant’s Board of Directors. Accordingly, on January 1, 2024, the number of shares of Class A common stock that may be issued upon the exercise of incentive stock options under the 2017 Plan increased by an additional 7,175,098 shares (or 5% of the outstanding shares of the Registrant’s capital stock as of December 31, 2023).

These additional shares of Class A common stock are securities of the same class as other securities for which the Registration Statements on Form S-8 (File No. 333-220701, File No. 333-223379, File No. 333-230039, File No. 333-236830, File No. 333-253638, File No. 333-262876, and File No. 333-269838 (together, the “Prior Registration Statements”)) were filed with the Commission on September 28, 2017, March 1, 2018, March 1, 2019, March 2, 2020, February 26, 2021, February 18, 2022, and February 16, 2023, respectively. Pursuant to General Instruction E to Form S-8, the contents of the Prior Registration Statements are incorporated by reference herein and made a part hereof except as modified hereby.

PART II

ITEM 3.   INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

 The following documents filed by the Registrant with the Commission are incorporated by reference into this Registration Statement:

(a) The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed on February 16, 2024, which contains audited financial statements for the Registrant’s latest fiscal year.

(b) The description of the Registrant’s Class  A common stock which is contained in a registration statement on Form 8-A filed on September 19, 2017 (File No. 001-38211) under the Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description.

(c) All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement 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 herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained 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 a statement contained herein or in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. 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 5.   INTERESTS OF NAMED EXPERTS AND COUNSEL

Not applicable.


ITEM 8.   EXHIBITS

 

 

    

Incorporated by Reference

 
Exhibit
Number 
    

Description

   Form      SEC File No.      Exhibit      Filing Date  
    4.1       Amended and Restated Certificate of Incorporation      8-K         001-38211         3.1         10/3/2017   
    4.2       Amended and Restated Bylaws      S-1/A         333-220318         3.4         9/18/2017   
    4.3       Form of Class A Common Stock Certificate      S-1/A         333-220318         4.1         9/18/2017   
    5.1*       Opinion of Freshfields Bruckhaus Deringer US LLP, counsel for the Registrant, as to the legality of the securities being registered      —         —         —         —   
   23.1*       Consent of Freshfields Bruckhaus Deringer US LLP, counsel for the Registrant (included in Exhibit 5.1)      —         —         —         —   
   23.2*       Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm      —         —         —         —   
   24.1*       Power of Attorney (included on the signature page of this Form S-8)      —         —         —         —   
   99.1       Roku, Inc. 2017 Equity Incentive Plan      S-1/A         333-220318         10.5         9/18/2017   
   107*       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 the City of San Jose, State of California, on this 16th day of February, 2024.

 

ROKU, INC.
By:  

 /s/ Dan Jedda

 

 Dan Jedda

 Chief Financial Officer

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Anthony Wood and Dan Jedda, and each of them, as his or her true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in their name, place or stead, 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 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 and on the dates indicated.

 

Name

  

Title

 

Date

/s/ Anthony Wood

Anthony Wood

  

President, Chief Executive Officer and Chairman

(Principal Executive Officer)

  February 16, 2024

/s/ Dan Jedda

Dan Jedda

  

Chief Financial Officer

(Principal Financial Officer)

  February 16, 2024

/s/ Matthew Banks

Matthew Banks

  

Vice President, Corporate Controller and Chief Accounting Officer

(Principal Accounting Officer)

  February 16, 2024

/s/ Ravi Ahuja

Ravi Ahuja

   Director   February 16, 2024

/s/ Jeffrey Blackburn

Jeffrey Blackburn

   Director   February 16, 2024

/s/ Mai Fyfield

Mai Fyfield

   Director   February 16, 2024

/s/ Jeffrey Hastings

Jeffrey Hastings

   Director   February 16, 2024

/s/ Laurie Simon Hodrick

Laurie Simon Hodrick

   Director   February 16, 2024

/s/ Gina Luna

Gina Luna

   Director   February 16, 2024

/s/ Ray Rothrock

Ray Rothrock

   Director   February 16, 2024

 

Exhibit 5.1

 

 

Roku, Inc.

1173 Coleman Ave.

San Jose, CA 95110

  

LOGO

 

Silicon Valley

 

855 Main Street

Redwood City, CA 94063

 

T +1 (650) 618-9250

 

freshfields.us

February 16, 2024

Ladies and Gentlemen:

Roku, Inc., a Delaware corporation (the Company), has filed with the Securities and Exchange Commission a Registration Statement on Form S-8 (the Registration Statement) for the purpose of registering under the Securities Act of 1933, as amended (the Securities Act), 7,175,098 shares of its Class A common stock, par value $0.0001 per share (the Securities), to be issued under the Company’s 2017 Equity Incentive Plan (the 2017 EIP).

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

Based upon the foregoing, and subject to the additional assumptions and qualifications set forth below, we advise you that, in our opinion, as of the date hereof, the Securities have been duly authorized and, when and to the extent issued, delivered and paid for in accordance with the 2017 EIP, the Securities will be validly issued, fully paid and non-assessable.

We are members of the Bars of the States of New York and California and the foregoing opinion is limited to the General Corporation Law of the State of Delaware.

 

LOGO

Freshfields Bruckhaus Deringer is an international legal practice operating through Freshfields Bruckhaus Deringer US LLP, Freshfields Bruckhaus Deringer LLP, Freshfields Bruckhaus Deringer (a partnership registered in Hong Kong), Freshfields Bruckhaus Deringer Law office, Freshfields Bruckhaus Deringer Foreign Law Office, Studio Legale associato a Freshfields Bruckhaus Deringer, Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB, Freshfields Bruckhaus Deringer Rechtsanwälte PartG mbB and other associated entities and undertakings. For further regulatory information please refer to www.freshfields.com/support/legal-notice.


2|2

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

Very truly yours,

/s/ Freshfields Bruckhaus Deringer US LLP

 

LOGO

Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated February 16, 2024 relating to the financial statements of Roku, Inc. and subsidiaries (the “Company”) and the effectiveness of the Company’s internal control over financial reporting, appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2023.

 

/s/ DELOITTE & TOUCHE LLP
San Jose, California
February 16, 2024

 

Exhibit 107

Calculation of Filing Fee Table

Form S-8

(Form Type)

Roku, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

 

Security Type    Security Class Title    Fee Calculation
Rule
     Amount
Registered(1)(2)
    

Proposed Maximum

Offering Price Per Unit(3)

   

Maximum Aggregate

Offering Price

    Fee Rate     Amount of
Registration Fee
 

Equity

   Class A Common Stock,

par value $0.0001 per
share, Roku, Inc. 2017
Equity Incentive Plan

    Other        7,175,098      $ 89.60     $ 642,888,781     $ 0.00014760     $ 94,891.00  

Total Offering Amount

 

           $ 642,888,781                

Total Fees Previously Paid

 

                              

Total Fee Offsets

 

                              

Net Fee Due

 

                           $ 94,891.00  

 

(1)

Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Class A common stock of Roku, Inc. (the “Registrant”) that become issuable under the Registrant’s 2017 Equity Incentive Plan (the “2017 Plan”) by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected that results in an increase to the number of outstanding shares of the Registrant’s Class A common stock.

(2)

Represents 7,175,098 additional shares of Class A common stock available for issuance as a result of the annual automatic increase on January 1, 2024 under the 2017 Plan.

(3)

Estimated in accordance with Rule 457(c) and 457(h) of the Securities Act solely for purpose of calculating the registration fee on the basis of $89.60, the average of the high and low prices of the Registrant’s Class A common stock as reported on The Nasdaq Global Select Market on February 14, 2024.


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