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<DIV align="center" style="font-size: 10pt">As filed with the
Securities and Exchange Commission on March 15, 2005</DIV>



<DIV align="right" style="font-size: 10pt">Registration Statement No.&nbsp;333- ________</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>


<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B></DIV>



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">



<P align="center" style="font-size: 18pt"><B>FORM S-8</B>



<DIV align="center" style="font-size: 12pt">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</DIV>



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">



<P align="center" style="font-size: 24pt"><B>INSTEEL INDUSTRIES, INC.</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


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    <TD align="center" valign="top"><B>NORTH CAROLINA</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>56-0674867</B></TD>
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<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
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<P align="center" style="font-size: 10pt"><B>1373 Boggs Drive<BR>
Mount Airy, North Carolina 27030<BR>
(336)&nbsp;786-2141</B><BR>
(Address, including zip code, and telephone number, including area code, of principal executive offices)



<P align="center" style="font-size: 10pt"><B>2005 EQUITY INCENTIVE PLAN<BR>
OF INSTEEL INDUSTRIES, INC.</B><BR>
(Full title of the plan)



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">



<P align="center" style="font-size: 10pt"><B>Howard O. Woltz, Jr.<BR>
Chairman of the Board<BR>
Insteel Industries, Inc.<BR>
1373 Boggs Drive<BR>
Mount Airy, North Carolina 27030<BR>
(336)&nbsp;786-2141</B><BR>
(Name, address and telephone number, including area code, of agent for service)



<P align="center" style="font-size: 10pt">With copies to:<BR>
<B>Andrew A. Gerber, Esq.<BR>
Hunton &#038; Williams LLP<BR>
101 South Tryon Street, Suite&nbsp;3500<BR>
Charlotte, North Carolina 28280<BR>
(704)&nbsp;378-4700<BR>
(704)&nbsp;378-4890 (Fax)</B>



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<P align="center" style="font-size: 10pt">CALCULATION OF REGISTRATION FEE


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    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
   <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed maximum</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed maximum</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
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    <TD nowrap align="center"> Title of securities</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount to be</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">offering price</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">aggregate offering</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
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   <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>
     <TD nowrap align="center"> to be registered</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">registered<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">per share<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">price<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">registration fee<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
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    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, no par value per share</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="3" nowrap align="center" style="border-top: 1px solid #000000">885,000 shares</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="2" align="center" style="border-top: 1px solid #000000">$16.48</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="2" align="center" style="border-top: 1px solid #000000">$14,584,800</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="2" align="center" style="border-top: 1px solid #000000">$1,716.63</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
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    <TD width="1%" nowrap align="left">(1)&nbsp;&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended, the number
of shares of common stock registered hereunder includes such indeterminate number of
additional shares of common stock as may be offered or issued in the future to prevent
dilution resulting from stock splits, stock dividends or similar transactions.</TD>
</TR>

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    <TD width="1%" nowrap align="left">(2)&nbsp;&nbsp;</TD>
    <TD>Estimated solely for the purpose of computing the registration fee. This amount was
calculated pursuant to Rule 457(h) under the Securities Act of 1933, as amended, on the basis
of $16.48 per share, which was the average of the high and low sales prices of the common
stock on the NASDAQ National Market on March&nbsp;11, 2005.</TD>
</TR>

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<P>

<P align="center" style="font-size: 10pt">1
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<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>



<P align="left" style="font-size: 10pt"><B>Item&nbsp;1. Plan Information.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required to be filed with the Securities and Exchange Commission (the &#147;Commission&#148;).


<P align="left" style="font-size: 10pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required to be filed with the Commission.


<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>



<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insteel Industries, Inc. (the &#147;Company&#148; or the &#147;Registrant&#148;) hereby incorporates by reference
into this registration statement the following documents filed with the Commission by the Company:


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.&nbsp;&nbsp;</TD>
    <TD>Annual Report, as amended, on Form 10-K/A for the fiscal year ended October&nbsp;2, 2004, as
filed with the Commission on February&nbsp;24, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.&nbsp;&nbsp;</TD>
    <TD>Quarterly Report on Form 10-Q for the fiscal quarter ended January&nbsp;1, 2005, as filed
with the Commission on February&nbsp;24, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.&nbsp;&nbsp;</TD>
    <TD>Current Reports on Form 8-K, as filed with the Commission on January&nbsp;7, February&nbsp;15
(Item&nbsp;4.02), February&nbsp;18, and March&nbsp;9, 2005, respectively;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.&nbsp;&nbsp;</TD>
    <TD>Proxy Statement on Schedule&nbsp;14A relating to the 2005 Annual Meeting of the
Shareholders, as filed with the Commission on January&nbsp;13, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.&nbsp;&nbsp;</TD>
    <TD>The description of the Company&#146;s common stock, no par value, contained in the Company&#146;s
registration statement on Form 8-A, as filed with the Commission on November&nbsp;4, 1992, and
any amendment or report filed subsequent thereto for the purpose of updating such
description; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">f.&nbsp;&nbsp;</TD>
    <TD>The description of the Company&#146;s Rights Agreement dated April&nbsp;27, 1999, between the
Company and First Union National Bank, contained in Exhibit&nbsp;99.1 to the Company&#146;s
Registration Statement on Form 8-A, as filed with the Commission on May&nbsp;7, 1999.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 or
15(d) of the Securities Exchange Act of 1934 (the &#147;1934 Act&#148;) and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby 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 shall be deemed to be modified or superseded
to the extent that a statement contained in a subsequently filed document that is, or is deemed to
be, incorporated by reference herein modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement. 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 other subsequently
filed document that is or is deemed to be incorporated by reference herein, modifies or supersedes
such statement.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">2
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections&nbsp;55-8-51 through 55-8-57 of the North Carolina Business Corporation Act (the &#147;NCBCA&#148;)
and the Articles of Incorporation and Bylaws of the Company provide for indemnification of the
registrant&#146;s directors and officers in a variety of circumstances, which may include liabilities
under the Securities Act of 1933, as amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mandatory Statutory Indemnification. Under the NCBCA, a North Carolina corporation must
indemnify a director or officer who is wholly successful on the merits or otherwise in defending a
proceeding in which he was involved by virtue of his being a director or officer of the
corporation. This mandatory indemnification covers reasonable expenses and attorneys&#146; fees.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permissive Statutory Indemnification. A North Carolina corporation may, but is not required by
statute to, indemnify its directors and officers who conduct themselves in good faith and meet a
reasonable belief test regarding the challenged conduct. If he was acting in his official capacity,
the director or officer must have believed the challenged conduct was in the corporation&#146;s best
interest; if he was acting otherwise, he must have reasonably believed his conduct was not opposed
to the corporation&#146;s best interest. Notwithstanding those tests, however, statutory indemnification
is prohibited where the individual is held liable to the corporation or where he is held liable on
the basis of an improperly received personal benefit.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Court-Ordered Indemnification. A director or officer may enforce his or her right to mandatory
indemnification and, if the court determines the individual is entitled to the mandatory
indemnification, the court must also order the corporation to pay the reasonable expenses incurred
to enforce the right, including counsel fees. The statutes authorize the court to provide
indemnification in any case regardless of whether the individual has met the tests applicable to
permissive indemnification upon a finding that the individual &#147;is fairly and reasonably entitled to
indemnification in view of all the relevant circumstances.&#148; &#091;55-8-54(2) of the NCBCA&#093; This relief
is limited to reasonable expenses when there is liability to the corporation by the individual.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voluntary Indemnification. Notwithstanding the limits on statutory indemnification, a North
Carolina corporation may voluntarily agree to indemnify its directors and officers by provisions in
the articles of incorporation, the bylaws, a contract or a resolution of the Board of Directors
against any liability, subject to the limitation that an individual cannot be indemnified on
account of his activities which were at the time taken known or believed by him to be clearly in
conflict with the best interests of the corporation. A North Carolina corporation may also obtain
insurance to protect its directors and officers from personal liability.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws provide that any person who is or was a director or officer of the
Company or any of its subsidiaries and any person who at the request of the Company serves or has
served as an officer or director (or in any position of similar authority) of any other corporation
or other enterprise, including as an individual trustee under any employee benefit plan, will be
reimbursed and indemnified against liability and expenses incurred by that person in connection
with any action, suit or proceeding arising out of that person&#146;s status as a director or officer
unless (i)&nbsp;such liability or expense will be paid by insurance or (ii)&nbsp;that person&#146;s acts or
omissions were known or believed by him or her to be clearly in conflict with the best interests of
the Company. The Company has purchased insurance covering indemnification of its directors and
officers.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">3
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits.</B>


<DIV align="center">
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    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Articles of Incorporation of the Company, as amended, which are incorporated
by reference to Exhibit&nbsp;3.1 of the Company&#146;s Current Report on Form&nbsp;8-K, dated May&nbsp;3,
1988.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment to the Restated Articles of Incorporation of the Company, which
are incorporated by reference to Exhibit&nbsp;3.1 to the Company&#146;s Quarterly Report on Form
10-Q for the quarter ended April&nbsp;3, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bylaws of the Company, as last amended April&nbsp;26, 1999, which are incorporated by
reference to Exhibit&nbsp;3.2 to the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended April&nbsp;3, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights Agreement, dated April&nbsp;27, 1999, between the Company and First Union National
Bank, which is incorporated by reference to Exhibit&nbsp;99.1 to the Company&#146;s Registration
Statement on Form&nbsp;8-A filed with the Commission on May&nbsp;7, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen of Common Stock Certificate (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Hunton &#038; Williams LLP as to the legality of the securities being
registered (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Hunton &#038; Williams LLP (included in the opinion filed as Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Grant Thornton LLP (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on signature page).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned registrant hereby undertakes:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;To file, during any period in which offers or sales are made, a post-effective amendment to
this registration statement;


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)&nbsp;&nbsp;</TD>
    <TD>To include any prospectus required by Section
10(a)(3) of the Securities Act;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or
events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20
percent change in the maximum aggregate offering price set forth in the
&#147;Calculation of Registration Fee&#148; table in the effective registration
statement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)&nbsp;&nbsp;</TD>
    <TD>To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change in such information in
the registration statement;</TD>
</TR>

</TABLE>


<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><U>provided</U>, <U>however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.


<P align="center" style="font-size: 10pt">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;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 <U>bona</U> <U>fide</U> offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to
Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the 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 <U>bona</U> <U>fide</U> offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;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
provisions described under Item&nbsp;6 above, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange 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.


<P align="center" style="font-size: 10pt">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Mount Airy, state of North Carolina,
on this 14th day of March, 2005.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="58%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>INSTEEL INDUSTRIES, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ H. O. Woltz III
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">H. O. Woltz III&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt"><B>POWER OF ATTORNEY</B>




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
person whose signature appears below hereby appoints Gary D. Kniskern, as their
attorney-in-fact, to sign in their name and on their behalf, in any and all capacities stated
below, and to file with the Securities and Exchange Commission, any and all amendments, including
post-effective amendments, to this registration statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 dates indicated:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"> <B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">/s/ Howard O. Woltz, Jr.
<HR size="1" noshade color="#000000">
Howard O. Woltz, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Chairman of the Board
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ H. O. Woltz III
<HR size="1" noshade color="#000000">
H. O. Woltz III</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
President, Chief Executive
Officer and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Michael C. Gazmarian
<HR size="1" noshade color="#000000">
Michael C. Gazmarian</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Chief Financial Officer
(and principal financial
and accounting officer)
and Treasurer
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Louis E. Hannen
<HR size="1" noshade color="#000000">
Louis E. Hannen</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;12, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Frances H. Johnson
<HR size="1" noshade color="#000000">
Frances H. Johnson</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Charles B. Newsome
<HR size="1" noshade color="#000000">
Charles B. Newsome</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ Gary L. Pechota
<HR size="1" noshade color="#000000">
Gary L. Pechota</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ W. Allen Rogers II
<HR size="1" noshade color="#000000">
W. Allen Rogers II</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ William J. Shields
<HR size="1" noshade color="#000000">
William J. Shields</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ C. Richard Vaughn
<HR size="1" noshade color="#000000">
C. Richard Vaughn</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;14, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><U><B>EXHIBIT INDEX</B></U>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Articles of Incorporation of the Company, as amended, which are incorporated
by reference to Exhibit&nbsp;3.1 of the Company&#146;s Current Report on Form&nbsp;8-K, dated May&nbsp;3,
1988.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment to the Restated Articles of Incorporation of the Company, which
are incorporated by reference to Exhibit&nbsp;3.1 of the Company&#146;s Quarterly Report on Form
10-Q for the quarter ended April&nbsp;3, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bylaws of the Company, as last amended April&nbsp;26, 1999, which are incorporated by
reference to Exhibit&nbsp;3.2 to the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended April&nbsp;3, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights Agreement, dated April&nbsp;27, 1999, between the Company and First Union National
Bank, which is incorporated by reference to Exhibit&nbsp;99.1 to the Company&#146;s Registration
Statement on Form&nbsp;8-A filed with the Commission on May&nbsp;7, 1999.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen of Common Stock Certificate (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Hunton &#038; Williams LLP as to the legality of the securities being
registered (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Hunton &#038; Williams LLP (included in the opinion filed as Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Grant Thornton LLP (filed herewith).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on signature page).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">7
</DIV>

</BODY>
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{"company-data": {"conformed-name": "INSTEEL INDUSTRIES INC", "cik": "0000764401", "assigned-sic": "3310", "irs-number": "560674867", "state-of-incorporation": "NC", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-123325", "film-number": "05681174"}, "business-address": {"street1": "1373 BOGGS DR", "city": "MOUNT AIRY", "state": "NC", "zip": "27030", "phone": "9107862141"}, "mail-address": {"street1": "1373 BOGGS DRIVE", "city": "MOUNT AIRY", "state": "NC", "zip": "27030"}, "former-company": {"former-conformed-name": "EXPOSAIC INDUSTRIES INC", "date-changed": "19880511"}}
Insteel Industries, Inc.
As filed with the
Securities and Exchange Commission on March 15, 2005
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
INSTEEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
NORTH CAROLINA
56-0674867
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
1373 Boggs Drive
Mount Airy, North Carolina 27030
(336) 786-2141
(Address, including zip code, and telephone number, including area code, of principal executive offices)
2005 EQUITY INCENTIVE PLAN
OF INSTEEL INDUSTRIES, INC.
(Full title of the plan)
Howard O. Woltz, Jr.
Chairman of the Board
Insteel Industries, Inc.
1373 Boggs Drive
Mount Airy, North Carolina 27030
(336) 786-2141
(Name, address and telephone number, including area code, of agent for service)
With copies to:
Andrew A. Gerber, Esq.
Hunton & Williams LLP
101 South Tryon Street, Suite 3500
Charlotte, North Carolina 28280
(704) 378-4700
(704) 378-4890 (Fax)
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of securities
Amount to be
offering price
aggregate offering
Amount of
to be registered
registered
(1)
per share
(2)
price
(2)
registration fee
(2)
Common Stock, no par value per share
885,000 shares
$16.48
$14,584,800
$1,716.63
(1)
Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended, the number
of shares of common stock registered hereunder includes such indeterminate number of
additional shares of common stock as may be offered or issued in the future to prevent
dilution resulting from stock splits, stock dividends or similar transactions.
(2)
Estimated solely for the purpose of computing the registration fee. This amount was
calculated pursuant to Rule 457(h) under the Securities Act of 1933, as amended, on the basis
of $16.48 per share, which was the average of the high and low sales prices of the common
stock on the NASDAQ National Market on March 11, 2005.
1
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
Not required to be filed with the Securities and Exchange Commission (the "Commission").
Item 2. Registrant Information and Employee Plan Annual Information.
Not required to be filed with the Commission.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Insteel Industries, Inc. (the "Company" or the "Registrant") hereby incorporates by reference
into this registration statement the following documents filed with the Commission by the Company:
a.
Annual Report, as amended, on Form 10-K/A for the fiscal year ended October 2, 2004, as
filed with the Commission on February 24, 2005;
b.
Quarterly Report on Form 10-Q for the fiscal quarter ended January 1, 2005, as filed
with the Commission on February 24, 2005;
c.
Current Reports on Form 8-K, as filed with the Commission on January 7, February 15
(Item 4.02), February 18, and March 9, 2005, respectively;
d.
Proxy Statement on Schedule 14A relating to the 2005 Annual Meeting of the
Shareholders, as filed with the Commission on January 13, 2005;
e.
The description of the Company's common stock, no par value, contained in the Company's
registration statement on Form 8-A, as filed with the Commission on November 4, 1992, and
any amendment or report filed subsequent thereto for the purpose of updating such
description; and
f.
The description of the Company's Rights Agreement dated April 27, 1999, between the
Company and First Union National Bank, contained in Exhibit 99.1 to the Company's
Registration Statement on Form 8-A, as filed with the Commission on May 7, 1999.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Securities Exchange Act of 1934 (the "1934 Act") and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby 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 shall be deemed to be modified or superseded
to the extent that a statement contained in a subsequently filed document that is, or is deemed to
be, incorporated by reference herein modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement. 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 other subsequently
filed document that is or is deemed to be incorporated by reference herein, modifies or supersedes
such statement.
Item 4. Description of Securities.
Not applicable.
2
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Sections 55-8-51 through 55-8-57 of the North Carolina Business Corporation Act (the "NCBCA")
and the Articles of Incorporation and Bylaws of the Company provide for indemnification of the
registrant's directors and officers in a variety of circumstances, which may include liabilities
under the Securities Act of 1933, as amended.
Mandatory Statutory Indemnification. Under the NCBCA, a North Carolina corporation must
indemnify a director or officer who is wholly successful on the merits or otherwise in defending a
proceeding in which he was involved by virtue of his being a director or officer of the
corporation. This mandatory indemnification covers reasonable expenses and attorneys' fees.
Permissive Statutory Indemnification. A North Carolina corporation may, but is not required by
statute to, indemnify its directors and officers who conduct themselves in good faith and meet a
reasonable belief test regarding the challenged conduct. If he was acting in his official capacity,
the director or officer must have believed the challenged conduct was in the corporation's best
interest; if he was acting otherwise, he must have reasonably believed his conduct was not opposed
to the corporation's best interest. Notwithstanding those tests, however, statutory indemnification
is prohibited where the individual is held liable to the corporation or where he is held liable on
the basis of an improperly received personal benefit.
Court-Ordered Indemnification. A director or officer may enforce his or her right to mandatory
indemnification and, if the court determines the individual is entitled to the mandatory
indemnification, the court must also order the corporation to pay the reasonable expenses incurred
to enforce the right, including counsel fees. The statutes authorize the court to provide
indemnification in any case regardless of whether the individual has met the tests applicable to
permissive indemnification upon a finding that the individual "is fairly and reasonably entitled to
indemnification in view of all the relevant circumstances." [55-8-54(2) of the NCBCA] This relief
is limited to reasonable expenses when there is liability to the corporation by the individual.
Voluntary Indemnification. Notwithstanding the limits on statutory indemnification, a North
Carolina corporation may voluntarily agree to indemnify its directors and officers by provisions in
the articles of incorporation, the bylaws, a contract or a resolution of the Board of Directors
against any liability, subject to the limitation that an individual cannot be indemnified on
account of his activities which were at the time taken known or believed by him to be clearly in
conflict with the best interests of the corporation. A North Carolina corporation may also obtain
insurance to protect its directors and officers from personal liability.
The Company's Bylaws provide that any person who is or was a director or officer of the
Company or any of its subsidiaries and any person who at the request of the Company serves or has
served as an officer or director (or in any position of similar authority) of any other corporation
or other enterprise, including as an individual trustee under any employee benefit plan, will be
reimbursed and indemnified against liability and expenses incurred by that person in connection
with any action, suit or proceeding arising out of that person's status as a director or officer
unless (i) such liability or expense will be paid by insurance or (ii) that person's acts or
omissions were known or believed by him or her to be clearly in conflict with the best interests of
the Company. The Company has purchased insurance covering indemnification of its directors and
officers.
Item 7. Exemption from Registration Claimed.
Not applicable.
3
Item 8. Exhibits.
Exhibit No.
Description
4.1
Restated Articles of Incorporation of the Company, as amended, which are incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K, dated May 3,
1988.
4.2
Articles of Amendment to the Restated Articles of Incorporation of the Company, which
are incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form
10-Q for the quarter ended April 3, 1999.
4.3
Bylaws of the Company, as last amended April 26, 1999, which are incorporated by
reference to Exhibit 3.2 to the Company's Quarterly Report on Form 10-Q for the quarter
ended April 3, 1999.
4.4
Rights Agreement, dated April 27, 1999, between the Company and First Union National
Bank, which is incorporated by reference to Exhibit 99.1 to the Company's Registration
Statement on Form 8-A filed with the Commission on May 7, 1999.
4.5
Specimen of Common Stock Certificate (filed herewith).
5.1
Opinion of Hunton & Williams LLP as to the legality of the securities being
registered (filed herewith).
23.1
Consent of Hunton & Williams LLP (included in the opinion filed as Exhibit 5.1).
23.2
Consent of Grant Thornton LLP (filed herewith).
24.1
Powers of Attorney (included on signature page).
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
1. To file, during any period in which offers or sales are made, a post-effective amendment to
this registration statement;
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or
events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20
percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration
statement;
(iii)
To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change in such information in
the registration statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.
4
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 15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the 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
provisions described under Item 6 above, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange 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.
5
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 Mount Airy, state of North Carolina,
on this 14th day of March, 2005.
INSTEEL INDUSTRIES, INC.
By:
/s/ H. O. Woltz III
H. O. Woltz III
President and Chief Executive Officer
POWER OF ATTORNEY
Each
person whose signature appears below hereby appoints Gary D. Kniskern, as their
attorney-in-fact, to sign in their name and on their behalf, in any and all capacities stated
below, and to file with the Securities and Exchange Commission, any and all amendments, including
post-effective amendments, to this registration statement.
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 dates indicated:
Signature
Title
Date
/s/ Howard O. Woltz, Jr.
Howard O. Woltz, Jr.
Chairman of the Board
March 14, 2005
/s/ H. O. Woltz III
H. O. Woltz III
President, Chief Executive
Officer and Director
March 14, 2005
/s/ Michael C. Gazmarian
Michael C. Gazmarian
Chief Financial Officer
(and principal financial
and accounting officer)
and Treasurer
March 14, 2005
/s/ Louis E. Hannen
Louis E. Hannen
Director
March 12, 2005
/s/ Frances H. Johnson
Frances H. Johnson
Director
March 14, 2005
/s/ Charles B. Newsome
Charles B. Newsome
Director
March 14, 2005
/s/ Gary L. Pechota
Gary L. Pechota
Director
March 14, 2005
/s/ W. Allen Rogers II
W. Allen Rogers II
Director
March 14, 2005
/s/ William J. Shields
William J. Shields
Director
March 14, 2005
/s/ C. Richard Vaughn
C. Richard Vaughn
Director
March 14, 2005
6
EXHIBIT INDEX
Exhibit No.
Description
4.1
Restated Articles of Incorporation of the Company, as amended, which are incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K, dated May 3,
1988.
4.2
Articles of Amendment to the Restated Articles of Incorporation of the Company, which
are incorporated by reference to Exhibit 3.1 of the Company's Quarterly Report on Form
10-Q for the quarter ended April 3, 1999.
4.3
Bylaws of the Company, as last amended April 26, 1999, which are incorporated by
reference to Exhibit 3.2 to the Company's Quarterly Report on Form 10-Q for the quarter
ended April 3, 1999.
4.4
Rights Agreement, dated April 27, 1999, between the Company and First Union National
Bank, which is incorporated by reference to Exhibit 99.1 to the Company's Registration
Statement on Form 8-A filed with the Commission on May 7, 1999.
4.5
Specimen of Common Stock Certificate (filed herewith).
5.1
Opinion of Hunton & Williams LLP as to the legality of the securities being
registered (filed herewith).
23.1
Consent of Hunton & Williams LLP (included in the opinion filed as Exhibit 5.1).
23.2
Consent of Grant Thornton LLP (filed herewith).
24.1
Powers of Attorney (included on signature page).
7