Edgar Filing: L-1 IDENTITY SOLUTIONS, INC.

As filed with the Securities and Exchange Commission on May 30, 2008
Registration No. 333-_________
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________
L-1 Identity Solutions, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation or Organization)
02-08087887
(I.R.S. Employer Identification No.)

177 Broad Street Stamford, Connecticut 06901
(Address and Zip Code of Principal Executive Offices)

L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan
(Full Title of the Plan)
Mark S. Molina Executive Vice President, Chief Legal Officer & Secretary L-1 Identity Solutions, Inc. 177 Broad Street Stamford, CT (203) 504-1100
(Name, Address and Telephone Number, including area code, of Agent For Service) Copy to: Marita A. Makinen, Esq. Weil Gotshal & Manges LLP 767 Fifth Avenue New York, New York 10153
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered	Amount to be Registered(1)(2)	Proposed Maximum Offering Price Per Share(1)(3)	Proposed Maximum Aggregate Offering Price(3)	Amount of Registration Fee(4)
Common Stock, par value $0.001 per share	3,614,902	$15.61	$31,220,000	$1,226.95

(1)

The number of shares of common stock, par value $0.001 per share, of L-1 Identity Solutions, Inc. (“Common Stock”) being registered under this registration statement represents 2,000,000 shares of Common Stock issuable pursuant to awards under the L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan and, pursuant to Rule 429 under the Securities Act, 1,614,902 shares of Common Stock previously authorized for awards under the L-1 Identity Solutions, Inc. 2005 Long Term Incentive Plan that were registered on Form S-8 filed by the Company with the Securities and Exchange Commission on May 17, 2007 (registration statement No. 333-143068).

(2)

Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Common Stock which become issuable to prevent dilution resulting from stock dividends, stock splits or similar transactions in accordance with the terms of the Plan.

(3)

Estimated solely for the purpose of calculating the registration fee for the 2,000,000 shares of Common Stock not previously registered in accordance with Rules 457(h) and 457(c) of the Securities Act. The proposed maximum aggregate offering price per share and proposed maximum aggregate offering price is based on the high and low prices of the Registrant's Common Stock reported on the New York Stock Exchange on May 28, 2008.

(4)	In connection with the shares previously registered for issuance under the L-1 Identity Solutions, Inc. 2005 Long Term Incentive Plan, the registrant paid a fee of $1,170.28, a portion of which is attributable to the shares being carried forward in a combined prospectus hereunder

pursuant to Rule 429 under the Securities Act. In connection with this registration statement, the registrant is paying a fee solely on the 2,000,000 shares of Common Stock not previously registered.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1. Plan Information*

Item 2. Registrant Information and Employee Plan Annual Information*

*Information required by Part I of Form S-8 constituting the requirements of a Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act, and the Note to Part I of Form S-8. Such information is not being filed with the Securities and Exchange Commission (the “Commission”) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.

Incorporation of Documents by Reference.

L-1 Identity Solutions, Inc. (the “Company”) hereby incorporates by reference into this Registration Statement the following documents that the Company has previously filed with the Commission:

The Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007;

The Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2008;

The Company’s Current Reports on Form 8-K dated January 10, 2008, February 15, 2008 (excluding Item 2.02), March 10, 2008, March 25, 2008, May 1, 2008 and May 13, 2008 (excluding Items 2.02 and 7.01) and on Form 8-K/A dated May 9, 2008; and

The description of the Company's common stock contained in Registration Statement No. 001-33002 on Form 8-A filed with the Commission pursuant to Section 12(b) of the Exchange Act, on August 29, 2006.

All reports and other documents subsequently filed by the Registrant after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment hereto which indicates that all securities offered hereby have been sold, or which deregisters all securities remaining unsold, shall be deemed incorporated by reference into this Registration Statement and shall be a part hereof from the date of filing such reports and documents.

The Registrant is not incorporating any information furnished under Item 2.02 or 7.01 of any Current Report on Form 8-K.

For purposes of this Registration Statement, any document or any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded to the extent that a subsequently filed document or a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated herein by reference modifies or supersedes such document or such statement in such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Copies of these documents are not required to be filed with this Registration Statement.

Item 4.

Description of Securities.

Not applicable.

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Item 5.

Interests of Named Experts and Counsel.

Not applicable.

Item 6.

Indemnification of Directors and Officers.

Section 145 of the General Corporation Law of the State of Delaware permits a corporation, under specified circumstances, to indemnify its directors, officers, employees and agents against expenses (including attorneys' fees) and other liabilities actually and reasonably incurred by them as a result of any suit (other than a suit brought by or in the right of the corporation) brought against them in their capacity as such, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct was unlawful. Section 145 of the General Corporation Law of the State of Delaware also provides that directors, officers, employees and agents may also be indemnified against expenses (including attorneys' fees) incurred by them in connection with a suit brought by or in the right of the corporation if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made, unless otherwise determined by the court, if such person was adjudged liable to the corporation.

The General Corporation Law of the State of Delaware also provides that the indemnification described above shall not be deemed exclusive of other indemnification that may be granted by a corporation pursuant to its by-laws, disinterested directors' vote, stockholders' vote, agreement or otherwise.

The General Corporation Law of the State of Delaware also provides corporations with the power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation in a similar capacity for another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him or her in any such capacity, or arising out of his or her status, whether or not the corporation would have the power to indemnify him or her against such liability as described above.

Article IX of the Company's Amended and Restated Certificate of Incorporation and Article V of the Company's Amended and Restated By-laws provide for mandatory indemnification of the Company's directors and officers, and permissible indemnification of its employees and other agents, to the maximum extent permitted by the General Corporation Law of the State of Delaware. The Company has also entered into indemnification agreements with its directors and officers that require the Company, among other things, to indemnify these individuals against certain liabilities that may arise by reason of their status or service as directors or officers to the fullest extent not prohibited by law.

The above discussion of the General Corporation Law of the State of Delaware and the Company's Amended and Restated Certificate of Incorporation, Amended and Restated By-laws and indemnification agreements is not intended to be exhaustive and is qualified in its entirety by such statutes, Amended and Restated Certificate of Incorporation, Amended and Restated By-laws and indemnification agreements.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

Exhibit No.		Description

3.1		Amended and Restated Certificate of Incorporation of the Registrant**

3.2		Amended and Restated Bylaws of the Registrant***

5.1		Opinion of Weil, Gotshal & Manges LLP*

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23.1		Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm*

23.2		Consent of Deloitte & Touche LLP Independent Registered Chartered Accountants, Licensed Public Accountants with respect to Bioscrypt Inc.*

23.3		Consent of BDO Seidman, LLP, Independent Registered Public Accounting Firm*

23.4		Consent of Weil, Gotshal & Manges LLP (contained in Exhibit 5.1)

24		Power of Attorney (included as part of the signature page to this Registration Statement and incorporated herein by reference).

99.1		L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan****

99.2		Form of L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan Option Award Grant Agreement*

Notes to Index of Exhibits

	*	Filed herewith.

	**	Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed on May 16, 2007.

	***	Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed on October 30, 2007.

	***	Included as an Annex to the Registrant’s definitive proxy statement on Schedule 14A filed on March 20, 2008.

Item 9. Undertakings.

(a)

The undersigned Registrant hereby undertakes:

(1)

To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

(2)

That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)

To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b)

The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or

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Section 15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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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 Stamford, State of Connecticut, on this 29th day of May, 2008.

L-1 IDENTITY SOLUTIONS, INC.

By:	/s/ James A. DePalma
	Name:	James A. DePalma
	Title:	Executive Vice President, Chief Financial Oficer and Treasurer

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints James A. DePalma and Mark S. Molina, or either of them, each acting alone, his true and lawful attorney-in-fact and agent, with full powers of substitution and resubstitution, for such person and in his name, place and stead, in any and all capacities, in connection with the Registrant’s Registration Statement on Form S-8 under the Securities Act of 1933, including to sign the Registration Statement and any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and any applicable securities exchange or securities self-regulatory body, granting unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, 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 his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

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 date indicated.

Signature	Title	Date

/s/ Robert V. LaPenta	Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer)	May 29, 2008
Robert V. LaPenta

/s/ James A. DePalma	Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)	May 29, 2008
James A. DePalma

/s/ Vincent A. D’Angelo	Senior Vice President of Finance and Chief Accounting Officer (Principal Accounting Officer)	May 29, 2008
Vincent A. D’Angelo

/s/ B.G. Beck	Director	May 29, 2008
B.G. Beck

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	Director	May 29, 2008
Denis K. Berube	Director	May 29, 2008

/s/ Milton E. Cooper	Director	May 29, 2008
Milton E. Cooper	Director	May 29, 2008

/s/ Robert S. Gelbard	Director	May 29, 2008
Robert S. Gelbard

/s/ Malcolm J. Gudis	Director	May 29, 2008
Malcolm J. Gudis

/s/ John E. Lawler	Director	May 29, 2008
John E. Lawler

/s/ Admiral James M. Loy	Director	May 29, 2008
Admiral James M. Loy

/s/ Harriet Mouchly-Weiss	Director	May 29, 2008
Harriet Mouchly-Weiss

/s/ Peter Nessen	Director	May 29, 2008
Peter Nessen

/s/ B. Boykin Rose	Director	May 29, 2008
B. Boykin Rose

/s/ George J. Tenet	Director	May 29, 2008
George J. Tenet

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EXHIBIT INDEX

Exhibit No.		Description

3.1		Amended and Restated Certificate of Incorporation of the Registrant**

3.2		Amended and Restated Bylaws of the Registrant***

5.1		Opinion of Weil, Gotshal & Manges LLP*

23.1		Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm*

23.2		Consent of Deloitte & Touche LLP Independent Registered Chartered Accountants, Licensed Public Accountants with respect to Bioscrypt Inc.*

23.3		Consent of BDO Seidman, LLP, Independent Registered Public Accounting Firm*

23.4		Consent of Weil, Gotshal & Manges LLP (contained in Exhibit 5.1)

24		Power of Attorney (included as part of the signature page to this Registration Statement and incorporated herein by reference).

99.1		L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan****

99.2		Form of L-1 Identity Solutions, Inc. 2008 Long-Term Incentive Plan Option Award Grant Agreement*

Notes to Exhibit Index

	*	Filed herewith.

	**	Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed on May 16, 2007.

	***	Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed on October 30, 2007.

	***	Included as an Annex to the Registrant’s definitive proxy statement on Schedule 14A filed on March 20, 2008.