# EDGAR Filing Document

**Accession Number:** 0000356037
**File Stem:** 0000356037-23-000008
**Filing Date:** 2023-1
**Character Count:** 17553
**Document Hash:** 76203c877f5497e7e251246e5a14949c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000356037-23-000008.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0000356037-23-000008

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CSP INC /MA/
- **CENTRAL INDEX KEY:** 0000356037
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **IRS NUMBER:** 042441294
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269441
- **FILM NUMBER:** 23563222

**BUSINESS ADDRESS:**
- **STREET 1:** 175 CABOT STREET
- **STREET 2:** SUITE 210
- **CITY:** LOWELL
- **STATE:** MA
- **ZIP:** 01854
- **BUSINESS PHONE:** 9789545038

**MAIL ADDRESS:**
- **STREET 1:** 175 CABOT STREET
- **STREET 2:** SUITE 210
- **CITY:** LOWELL
- **STATE:** MA
- **ZIP:** 01854

As filed with the Securities and Exchange Commission on January 27, 2023

#### Registration No. 333-

#### UNITED STATES
**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

<u> </u>

**FORM S-8**

**REGISTRATION STATEMENT UNDER**

**THE SECURITIES ACT OF 1933**

<u> </u>

**CSP Inc.**

(Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| &nbsp;&nbsp;<br>**Massachusetts**<br>(State or other jurisdiction of<br>incorporation or organization) | &nbsp;&nbsp;<br>**04-2441294**<br>(I.R.S. Employer Identification No.) |
| &nbsp;&nbsp;<br>**175 Cabot Street**<br>**Lowell, Massachusetts 01854** | &nbsp;&nbsp;<br>**175 Cabot Street**<br>**Lowell, Massachusetts 01854** |

---

(Address of Principal Executive Offices, including Zip Code)

**CSP Inc.** 

**2014 Employee Stock Purchase Plan**

(Full title of the plan)

**Victor Dellovo**

**Chief Executive Officer**

**CSP Inc.**

**175 Cabot Street**

**Lowell, Massachusetts 01854**

(Name and address of agent for service)

**(978) 954-5038**

(Telephone number, including area code, 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 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 | ◻ | Accelerated filer | ◻ |
| Non-accelerated filer | 🗹<br>| Smaller reporting company | 🗹<br>|
| Emerging growth company | ☐ |  |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act ◻

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**INTRODUCTION**

This Registration Statement on Form S-8 (this "Registration Statement") is being filed to register an additional 300,000 shares of our Common Stock (the "Shares") issuable pursuant to the provisions of our 2014 Employee Stock Purchase Plan, as amended (the "Plan"). The approval of the Shares, and certain other amendments to the Plan (the "Plan Amendment"), remain subject to shareholder approval at CSP, Inc.'s upcoming 2023 Annual Meeting of Stockholders. If CSP Inc.'s shareholders do not approve the Plan Amendment at the 2023 Annual Meeting, CSP Inc. intends to withdraw this Registration Statement following such 2023 Annual Meeting of Stockholders. The earlier registration statement that we filed with the Securities and Exchange Commission (the "SEC") on July 24, 2014 (File No. 333-197608) relating to the Plan is incorporated by reference into this Registration Statement. This incorporation is made under General Instruction E of Form S-8 regarding the registration of additional securities of the same class as other securities for which there has been filed a registration statement on Form S-8 relating to the same employee benefit plan.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference**

The following documents, which have been filed by the Registrant with the SEC, are hereby incorporated by reference in this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Registrant's Annual Report on Form 10-K for the fiscal year ended September 30, 2022, filed with the SEC on December 8, 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/356037/000035603722000036/cspi-20220930x10k.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Our Definitive Proxy Statement on Schedule 14A filed on December 22, 2022](https://www.sec.gov/Archives/edgar/data/356037/000035603722000041/cspi-20230207xdef14a.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended ()"**Exchange Act**") since the end of the fiscal year covered by the Registrant's Annual Report referred to in (a) above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The description of the Registrant's Common Stock contained in the Registrant's Registration Statement on Form 8-A filed with the SEC under Section 12 of the Exchange Act (including any amendment or report filed for the purpose of updating such description).

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities 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.

Unless expressly incorporated into this Registration Statement, a report furnished on Form 8-K prior or subsequent to the date hereof shall not be incorporated by reference into this Registration Statement, except as to specific sections of such statements as set forth therein. 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 in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement.

**Item 8.** **Exhibits.**

The following is a list of exhibits filed as part of this Registration Statement.

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**Exhibit**

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| | |
|:---|:---|
| **Number** | **Exhibit** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 [<u>Articles of Organization of the Company and amendments thereto (Incorporated by reference to Exhibit 3.1 to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2007, as filed with the Commission on December 26, 2007)</u>](http://www.sec.gov/Archives/edgar/data/356037/000119312507271436/dex31.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 [<u>By-Laws of the Company (Incorporated by reference to Exhibit 3.2 to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2012, as filed with the Commission on December 20, 2012)</u>](http://www.sec.gov/Archives/edgar/data/356037/000143774912013044/ex3-2.htm)

5.1\* [Opinion of ArentFox Schiff LLP](cspi-20230127xex5d1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 [CSP Inc. 2014 Employee Stock Purchase Plan, as amended (incorporated herein by reference to Exhibit A to the Registrant's Definitive Proxy Statement on Schedule 14A, as filed with the SEC on December 22, 2022)](https://www.sec.gov/Archives/edgar/data/356037/000035603722000041/cspi-20230207xdef14a.htm)

23.1\* [<u>Consent of RSM US LLP</u>](cspi-20230127xex23d1.htm)

23.2\* [Consent of ArentFox Schiff LLP (included within Exhibit 5.1)](cspi-20230127xex5d1.htm)

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| | |
|:---|:---|
| 24.1\* | [<u>Power of Attorney (included with signature pages)</u>](#Section_3) |

---

107\* [Filing Fee Table](cspi-20230127xexfilingfees.htm)

____________

\*Filed herewith

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the town of Lowell, Commonwealth of Massachusetts on January 27, 2023.

CSP INC.

By: <u>/s/ Gary Levine</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Gary Levine

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Chief Financial Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-8 has been signed below by the following persons in the capacities and on the dates indicated.

Each person, in so signing, also hereby makes, constitutes and appoints Victor Dellovo and Gary Levine, and each of them, each acting alone, his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities in connection with this Registration Statement on Form S-8, including without limiting the generality of the foregoing, to sign the Registration Statement, including any and all stickers and post-effective amendments to the Registration Statement, and to sign any and all additional registration statements that are filed pursuant to Rule 462(b) under the Securities Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the SEC 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute(s), may lawfully do or cause to be done by virtue hereof.

---

| | | |
|:---|:---|:---|
| <u>Signature</u><br>| <u>Title</u><br>| <u>Date</u><br>|
| <br><u>/s/ Victor Dellovo</u><br>Victor Dellovo<br>| Chief Executive Officer and President (Chief Executive Officer, President and Director)<br>| January 27, 2023<br>|
| <br><u>/s/ Gary Levine</u><br>Gary Levine<br>| <br>Chief Financial Officer<br>(Chief Financial Officer)<br>| January 27, 2023<br>|
| <br><u>/s/ Mike Newbanks</u><br>Mike Newbanks<br>| <br>Vice President of Finance<br>(Chief Accounting Officer)<br>| January 27, 2023<br>|
| <br><u>/s/ C. Shelton James</u><br>C. Shelton James<br>| Director<br>| January 27, 2023<br>|
| <u>/s/ Raymond Charles Blackmon</u><br>Raymond Charles Blackmon<br>| Director<br>| January 27, 2023<br>|
| <br><u>/s/ Marilyn T. Smith</u><br>Marilyn T. Smith<br>| Director<br>| January 27, 2023<br>|
| <br><u>/s/ Izzy Azeri</u><br>Izzy Azeri<br>| Director<br>| January 27, 2023<br>|

---

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## Exhibit 5.1

Exhibit 5.1

#### ArentFox Schiff LLP
Prudential Tower<br>800 Boylston Street<br>Boston, MA 02199

617.973.6100**main**

617.367.2315**fax**

afslaw.com

![A picture containing text, clipart Description automatically generated](cspi-20230127xex5d1002.jpg)

January 27, 2023

The Board of Directors

CSP Inc.

175 Cabot Street

Lowell, Massachusetts 01854

Gentlemen:

We have acted as counsel to CSP Inc., a Massachusetts corporation (the "**Company**"), with respect to the Company's Registration Statement on Form S-8, filed by the Company with the Securities and Exchange Commission in connection with the registration under the Securities Act of 1933, as amended, of 300,000 shares of the Company's Common Stock, par value $0.01 per share (the "**Shares**") issuable pursuant to the 2014 Employee Stock Purchase Plan (the "**2014 Plan**"), as amended by those certain amendments to the 2014 Plan as described in the Definitive Proxy Statement of the Company as filed with the SEC on December 22, 2022 (the "**Plan Amendment**", and with the 2014 Plan, "**2014 Employee Stock Purchase Plan**").

We have examined and relied upon the originals or copies of such records, agreements, documents and other instruments and have made such inquiries of such officers and representatives of the Company as we have deemed relevant and necessary as the basis for the opinions set forth. In such examination, we have assumed, without independent verification, the genuineness of all signatures (whether original or photostatic), the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, and the conformity to original documents of all documents submitted to us as certified or photostatic copies. We have assumed, without independent verification, the accuracy of the relevant facts stated therein. We have also assumed that, prior to the sale of any Shares to which the Registration Statement relates, appropriate action will be taken to register and qualify such Shares for sale, to the extent necessary, under any applicable state securities laws.

The opinions expressed in this letter concern only the effect of the laws of the Massachusetts Business Corporation Act as currently in effect, and we express no opinion on the law of any other jurisdiction. We assume no obligation to supplement this letter if any of the applicable laws change in any manner.

Based on the foregoing, we are of the opinion that the Shares, subject to the approval of the Plan Amendment by stockholders of the Company at the 2023 Annual Meeting of Stockholders, when issued or delivered and paid for in accordance with the terms of the 2014 Employee Stock Purchase Plan, will be validly issued, fully paid and nonassessable.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to all references to our firm in the Registration Statement. In giving this consent, we do not hereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the General Rules and Regulations thereunder.

Very truly yours,

/s/ ArentFox Schiff LLP

ArentFox Schiff LLP

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## Exhibit 23.1

Exhibit 23.1

**Consent of Independent Registered Public Accounting Firm** 

We consent to the incorporation by reference in this Registration Statement on Form S-8 of CSP Inc. of our report dated December 8, 2022, relating to the consolidated financial statements, appearing in the Annual Report on Form 10-K of CSP Inc. for the year ended September 30, 2022.

/s/ RSM US LLP

Miami, Florida

January 27, 2023

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## Ex-Filing

Exhibit 107

**Calculation of Filing Fee Table**

**FORM S-8**

**(Form Type)**

**CSP, Inc.**

(Exact Name of Registrant as Specified in its Charter)

**Newly Registered Securities**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation<br>Rule** | **Amount<br>Registered(1)** | **Proposed<br>Maximum<br>Offering<br>Price Per<br>Unit (2)** | **Maximum<br>Aggregate<br>Offering Price (2)** | **Fee Rate** | **Amount of<br>Registration<br>Fee(2)** | **Amount of<br>Registration<br>Fee(2)** |
| Equity (1) | Common Stock, $0.01<br>par value per share | Rule 457(c) and<br>Rule 457(h) | 300000 | $11.015 | $3304500 | 0.00011020 | $ | 364.16  |
| **Total Offering Amount** | **Total Offering Amount** | **Total Offering Amount** | **Total Offering Amount** |  | $3304500 |  |  | $364.16  |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  |  |  |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  |  | $364.16 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) This Registration Statement covers shares of Common Stock of CSP Inc., par value $0.01 per share ("Common Stock"), which may be offered or sold pursuant to the CSP Inc. 2014 Employee Stock Purchase Plan, as amended. This Registration Statement shall also cover any additional shares of Common Stock that may be issued upon stock splits, stock dividends or similar transactions in accordance with Rule 416(c) under the Securities Act of 1933.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Pursuant to Rule 457(c) and (h) of the Securities Act of 1933 solely for the purpose of calculating the amount of the proposed maximum offering price per share, the proposed maximum aggregate offering price and the amount of the registration fee are based on (a) the average of the high and low sales prices per share of CSP Inc. Common Stock on January 25, 2023, as reported on the Nasdaq Global Market with respect to the 300,000 shares of Common Stock issuable under 2014 Employee Stock Purchase Plan, as amended, registered herein.

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