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<P align="center" style="font-size: 10pt">As filed with the Securities and Exchange Commission on June&nbsp;15, 2005


<DIV align="right" style="font-size: 10pt">Registration No.&nbsp;333-&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;</DIV>



<P align="left" style="font-size: 10pt">And Post-Effective Amendment No.&nbsp;1 to each of the Form&nbsp;S-8 registration statements with file
numbers: 333-120347, 333-115098, 333-98745, 333-46618, 333-73451, 333-68373, 333-57583 and 333-25757.



<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: 18pt"><B>FORM S-8</B>


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

<P align="center" style="font-size: 24pt"><B>MIDWAY GAMES INC.</B>


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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>22-2906244</B><BR>
(I.R.S. Employer Identification No.)</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>2704 West Roscoe Street, Chicago, Illinois 60618</B><BR>
(Address, including zip code, of registrant &#146;s principal executive offices)



<DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>




<P align="center" style="font-size: 10pt"><B>2005 LONG-TERM INCENTIVE PLAN</B><BR>
(Full title of the Plan)



<DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>




<P align="center" style="font-size: 10pt">Deborah K. Fulton, Esq.<BR>
Senior Vice President, Secretary and General Counsel<BR>
Midway Games Inc.<BR>
2704 West Roscoe Street<BR>
Chicago, Illinois 60618<BR>
(773)&nbsp;961-2222<BR>
(Name and address, including zip code, and<BR>
telephone number, including area code, of agent for service)



<P align="center" style="font-size: 10pt">Copy to:



<P align="center" style="font-size: 10pt">Jeffrey N. Siegel, Esq.<BR>
Shack Siegel Katz &#038; Flaherty P.C.<BR>
530 Fifth Avenue<BR>
New York, New York 10036<BR>
(212)&nbsp;782-0700



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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<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"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>maximum aggregate</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered (1)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registered (2)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>per share (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Registration Fee (4)</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
</TR>

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                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $.01</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap colspan="3" align="center" style="border-top: 1px solid #000000">7,487,908 shares</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">9.74</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 align="left" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">72,932,223</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">0</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: 1px solid #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>

<P>
<DIV style="font-size: 3pt; width: 18%;margin-top: 16pt; border-top: 2px solid #000000">&nbsp;</DIV>
<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="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In accordance with the Third Amended and Restated Rights Agreement between the registrant and
The Bank of New York, dated as of October&nbsp;14, 2003, each share of the registrant&#146;s common
stock is accompanied by stock purchase rights. The value attributable to these rights, if
any, is reflected in the value of the common stock, and, accordingly, no separate fee is paid.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This registration statement covers up to 7,487,908 shares of the registrant&#146;s common stock
issuable under the registrant&#146;s 2005 Long-Term Incentive Plan. These shares of common stock
were previously registered under the Form S-8 registration statements, listed in the
explanatory note below, relating to pre-existing stock option plans. Pursuant to Rule&nbsp;416
under the Securities Act of 1933, this registration statement also covers an indeterminable
number of shares of common stock which may become issuable pursuant to the anti-dilution
provisions of the plan being registered on this Form S-8.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registration fee is computed, in accordance with Rule&nbsp;457(h)(1) and Rule 457(c) under the
Securities Act, based on the average of the high and low prices of the registrant&#146;s common
stock reported on the New York Stock Exchange on June&nbsp;9, 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registration fee has been reduced by $8,584.10, which amount is being offset, under Rule
457(p), against fees previously paid with the registrant&#146;s registration statements on Form
S-3, initially filed on June&nbsp;22, 2001 (File No.&nbsp;333-63642) in respect of 5,814,108 of the
shares registered in that offering which were never sold or issued in that offering and were
subsequently deregistered.</TD>
</TR>

</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted by Rule&nbsp;429 under the Securities Act of 1933, the prospectus filed together with
this registration statement is a combined resale prospectus which shall be deemed a post-effective
amendment to the registrant&#146;s registration statements numbered 333-25757, 333-57583, 333-68373,
333-73451, 333-46618 333-98745 and 333-115098 on Form S-8.


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

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

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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration statements numbered 333-25757, 333-57583, 333-68373, 333-73451, 333-46618
333-98745 and 333-115098 were filed previously with the Commission by the registrant to register
shares of its common stock, par value $.01 per share, issued or issuable (a)&nbsp;under its 1996 Stock
Option Plan, its 1998 Non-Qualified Stock Option Plan, its 1998 Stock Incentive Plan, its 1999
Stock Option Plan, its 2000 Non-Qualified Stock Option Plan, its 2002 Non-Qualified Stock Option
Plan, its 2002 Stock Option Plan and a Stock Option Agreement and Restricted Stock Agreement each
between the registrant and David F. Zucker; or (b)&nbsp;in connection with the spinoff of the registrant
from its former parent company in accordance with the antidilution provisions of the applicable
stock option plans. This registration statement is being filed: (1)&nbsp;to register the shares of
common stock issuable under the registrant&#146;s 2005 Long-Term Incentive Plan; and (2)&nbsp;to file a
prospectus as permitted by Form S-8 General Instruction C and Rule&nbsp;429 under the Securities Act of
1933 to be used for reoffers and resales by directors and executive officers of Midway of shares
issued or to be issued under the registrant&#146;s employee and director benefit plans.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant also hereby removes from registration under the following registration
statements the following number of shares that are being registered under this registration
statement: 309,308 shares under file no. 333-25757; 37,846 shares under file no. 333-57583;
296,838 shares under file no. 333-68373; 179,200 shares under file no. 333-73451; 19,025 shares
under file no. 333-46618; 242,103 shares under file no. 333-98745; and 1,025,000 shares under file
no. 333-115098. In addition, the registrant hereby removes from registration 1,072,411 shares
under file no. 333-115098 that were not issued and will not be issued to Mr.&nbsp;Zucker under the
above-mentioned Stock Option Agreement.


<P align="center" style="font-size: 10pt">-2-
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="c96019exv5.htm">Opinion of Shack Siegel Katz & Flaherty P.C.</A></TD></TR>
<TR><TD colspan="9"><A HREF="c96019exv23w2.htm">Consent of Ernst & Young LLP</A></TD></TR>
</TABLE>
</CENTER>
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<DIV align="left"><A NAME="000"></A></DIV>

<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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified by this Part&nbsp;I will be sent or given to
participants as specified by Rule&nbsp;428(b)(1) under the Securities Act.

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<DIV align="left"><A NAME="001"></A></DIV>

<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>


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<DIV align="left"><A NAME="002"></A></DIV>

<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;The registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2004, its
Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2005, its Current Reports on Form 8-K
filed on May&nbsp;10, 2005, May&nbsp;11, 2005 and June&nbsp;7, 2005 and the description of its common stock and
accompanying rights contained in the Third Amendment to registrant&#146;s registration statement on Form
8-A/A (File No.&nbsp;1-12367) filed on October&nbsp;16, 2003 under Section 12(b) of the Securities Exchange
Act of 1934 (the &#147;Exchange Act&#148;), including all exhibits thereto, are incorporated herein by this
reference and made a part of this registration statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the registrant under Sections&nbsp;13(a), 13(c), 14 or 15(d) of
the Exchange Act after the effective date of this registration statement and prior to the
termination of this offering shall be deemed to be incorporated by reference into this registration
statement and to be a part hereof from the date of filing of those documents. Any statement
contained herein or in a document incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this registration statement to the
extent that a statement contained herein or in any document which 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.

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<DIV align="left"><A NAME="003"></A></DIV>

<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.

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<DIV align="left"><A NAME="004"></A></DIV>

<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;The validity of the issuance of the shares of common stock offered hereby will be passed upon
for the registrant by Shack Siegel Katz &#038; Flaherty P.C., 530 Fifth Avenue, New York, New York
10036. As of June&nbsp;14, 2005, shareholders of Shack Siegel Katz &#038; Flaherty P.C. held, in the
aggregate, 1,000 shares of common stock and options to purchase 60,000 shares of common stock.

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<DIV align="left"><A NAME="005"></A></DIV>

<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;The registrant&#146;s authority to indemnify its officers and directors is governed by the
provisions of Section&nbsp;145 of the General Corporation Law of the State of Delaware (the &#147;DGCL&#148;), by
the Amended and Restated Bylaws of the registrant (the &#147;Bylaws&#148;), by the Restated Certificate of
Incorporation, as amended, of the registrant (the &#147;Certificate of Incorporation&#148;) and by
indemnification agreements entered into with directors and officers (the &#147;Indemnity Agreements&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;145 of the DGCL, directors and officers as well as other employees and
individuals may be indemnified against expenses (including attorneys&#146; fees), judgments, fines and
amounts paid in settlement in connection with specified actions, suits or proceedings, whether
civil, criminal, administrative or investigative (other than an action by or in the right of the
corporation (a &#147;derivative action&#148;)) 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 registrant, and with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A
similar standard of care is applicable in the case of derivative actions, except that
indemnification only extends to expenses (including attorneys&#146; fees) incurred in connection with
defense or settlement of such an action and the DGCL requires court approval before there can be
any indemnification where the person seeking indemnification has been found liable to the
registrant.


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

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Certificate of Incorporation and Bylaws of the registrant provide that the registrant
shall, to the fullest extent permitted by Section&nbsp;145 of the DGCL, (i)&nbsp;indemnify any and all
persons whom it shall have power to indemnify under said section from and against any and all of
the expenses, liabilities or other matters referred to in or covered by said section, and (ii)
advance expenses related thereto to any and all said persons. The indemnification and advancement
of expenses provided for therein shall not be deemed to be exclusive of any other rights to which
those indemnified may be entitled under any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in their official capacities and as to action in another
capacity while holding such offices, and shall continue as to persons who have ceased to be
directors, officers, employees or agents and shall inure to the benefit of the heirs, executors and
administrators of such persons. In addition, the Certificate of Incorporation of the registrant
provides for the elimination of personal liability of directors of the registrant to the registrant
or its stockholders for monetary damages for breach of fiduciary duty as a director, to the fullest
extent permitted by the DGCL, as amended and supplemented.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Indemnity Agreements provide for the indemnification of officers and directors to the
fullest extent permitted by the laws of the State of Delaware and obligate the registrant to
provide the maximum protection allowed under Delaware law. In addition, the Indemnity Agreements
supplement and increase that protection.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant has purchased an insurance policy that provides coverage for losses of up to an
aggregate amount of $40&nbsp;million arising from claims made against the directors or officers for any
actual or alleged wrongful act in their capacities as directors or officers of the registrant. The
coverage only applies, however, if indemnity is not available under the provisions described above
in this Item&nbsp;6.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the registrant pursuant to the foregoing
provisions, the registrant has been informed that, in the opinion of the Commission, such
indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:42px; text-indent:-0px">None.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&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>

<!-- 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">Specimen Certificate of Common Stock, incorporated by reference to the registrant&#146;s
registration statement on Form&nbsp;S-1, as amended, effective October&nbsp;29, 1996 (File No.
333-11919).</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">Amended and Restated Certificate of Incorporation of the registrant dated October&nbsp;25,
1996, incorporated herein by reference to the Form&nbsp;S-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">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated February&nbsp;25, 1998, incorporated herein by reference to the registrant&#146;s
Registration Statement on Form&nbsp;8-A/A, Amendment No.&nbsp;1, filed on April&nbsp;20, 1998.</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">Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated August&nbsp;5, 2003, incorporated herein by reference to the Quarterly Report on
Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2003.</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">Third Amended and Restated Rights Agreement, dated as of October&nbsp;14, 2003, between the
registrant and The Bank of New York, as Rights Agent, incorporated by reference to the
Current Report on Form&nbsp;8-K filed with the SEC on October&nbsp;15, 2003.</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">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment of the Amended and Restated Certificate of Incorporation of the
registrant dated February&nbsp;17, 2004, incorporated herein by reference to the registrant&#146;s
Registration Statement on Form&nbsp;S-3, File No.&nbsp;333-113077, initially filed on February&nbsp;25,
2004.</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">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated By-laws of the registrant, incorporated herein by reference to the
registrant&#146;s Registration Statement on Form&nbsp;S-3, File No.&nbsp;333-116334, filed on June&nbsp;10,
2004.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&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>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Shack Siegel Katz &#038; Flaherty P.C., counsel for registrant.</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 Shack Siegel Katz &#038; Flaherty P.C. (contained in the opinion filed as Exhibit&nbsp;5
hereto).</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 Ernst &#038; Young LLP.</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
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (contained on the signature page hereof).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

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



<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes:</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining liability under the Securities Act of 1933, 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 <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 of 1933, each filing of the registrant&#146;s annual report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) 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 <I>bona fide </I>offering
thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 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 Act and will be governed by the
final adjudication of such issue.


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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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

<P align="left" style="font-size: 10pt"><B>RESALE PROSPECTUS</B>



<P align="center" style="font-size: 10pt"><IMG src="c96019c9601900.gif" alt="(MIDWAY LOGO)">



<P align="center" style="font-size: 10pt"><B>MIDWAY GAMES INC.</B>



<P align="center" style="font-size: 10pt"><B>3,340,192 Shares</B>



<P align="center" style="font-size: 10pt"><B>Common Stock, Par Value $.01</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We develop and publish
interactive entertainment
software for play on major
videogame systems. Our
principal executive office is
located at 2704 West Roscoe
Street, Chicago, IL 60618,
telephone no. (773)&nbsp;961-2222.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on
the New York Stock Exchange
under the symbol &#147;MWY&#148;.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our officers and directors who are
listed on pages 2 and 3 below as
&#147;selling stockholders&#148; may sell up
to the number of shares of our
common stock listed opposite their
names in the &#147;Shares Available to be
Sold&#148; column. The selling
stockholders may sell their shares
at any time after issuance, but <B>they
are not required to sell any </B>shares.
The selling stockholders acquired
or may acquire the shares &#147;available
to be sold&#148; under our employee and
director benefit plans.


<P align="center" style="font-size: 10pt"><B>Investing in our common stock involves risks. See Risk Factors on Page 2.</B>



<DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>




<P align="center" style="font-size: 10pt"><B>Neither the Securities and Exchange Commission nor any state securities commission has<BR>
approved or disapproved of these securities or passed upon the adequacy or accuracy of this<BR>
prospectus. Any representation to the contrary is a criminal offense.</B>



<DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>




<P align="center" style="font-size: 10pt">The date of this prospectus is June&nbsp;15, 2005



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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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




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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Most of the information about us that you need to know before you invest in the shares of our
common stock that may be sold under this prospectus (the &#147;Shares&#148;) is not included, but rather is
incorporated by reference, in this prospectus. You should obtain and read the information
described under the headings &#147;Documents Incorporated by Reference&#148; and &#147;Where You Can Find More
Information&#148; in order to get all of the important information about Midway.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing in our securities involves risks. The most significant factors that make an
investment in our securities risky or speculative are discussed (a)&nbsp;under the captions &#147;Item&nbsp;1.
Business&#151;Risk Factors&#148; and &#147;Item&nbsp;7. Management&#146;s Discussion and Analysis of Financial Condition
and Results of Operations&#148; in our most recent Annual Report on Form 10-K; and (b)&nbsp;in our more
recent reports filed with the SEC that are incorporated by reference in this prospectus. These
factors, and others that are not presently known to us, may cause our operating results to vary
from anticipated results or may materially and adversely affect our business and financial
condition. If any of the unfavorable events or circumstances described in the risk factors
actually occur, our business may suffer, the trading price of our common stock and other securities
could decline, and you could lose all or part of your investment.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any of the proceeds from the sale of the common stock offered by this
prospectus, but we will receive the exercise price upon the exercise of any options by the selling
stockholders. We plan to use any such proceeds for working capital purposes.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to Shares that are available for reoffers and resales by officers and
directors of Midway Games Inc. who have acquired or may acquire Shares under our employee and
director benefit plans as described in the table below and in the footnotes to the table, including
any anti-dilution adjustment shares. The selling stockholders may resell any or all of their
Shares, when issued, subject to vesting conditions in some cases, at any time they choose while
this prospectus is effective, but <B>they are not required to sell any Shares</B>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An &#147;affiliate&#148; is defined in Rule&nbsp;405 under the Securities Act of 1933 as a &#147;person that
directly, or indirectly, through one or more intermediaries, controls or is controlled by, or is
under common control with&#148; us. Although a person&#146;s name is included in the table below, neither
that person nor we are making an admission that the named person is our &#147;affiliate.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information in the table below sets forth, for each selling stockholder, based upon
information available to us as of June&nbsp;13, 2005, the number of shares of our common stock
beneficially owned before and after a hypothetical sale of the Shares (assuming the sale by that
person of all of his or her Shares) and the percentage of the outstanding shares of common stock
beneficially owned before and after the sale of the Shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The column headed &#147;Shares Available to be Sold&#148; represents the maximum number of Shares that
could be sold under this prospectus if the holder sold all of his or her Shares and exercised all
of his or her options when vested and sold the underlying Shares. The amounts listed under &#147;Shares
Available to be Sold&#148; do not constitute commitments to sell any or all of the stated number of
Shares. The actual number of Shares to be sold, if any, shall be determined from time to time by
each selling stockholder in his or her discretion.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount and Nature</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>of Beneficial</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Available to</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Owned After</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Percent of Class (3)</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Position(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Ownership(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>be Sold(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Before Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>After Offering</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David F. Zucker, President and
Chief Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1,326,039 </TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2,477,589 </TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas E. Powell, Executive Vice
President, Chief Financial Officer
and Treasurer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">-2-
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount and Nature</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>of Beneficial</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Available to</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Owned After</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Percent of Class (3)</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Position(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Ownership(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>be Sold(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Before Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>After Offering</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Allison, Senior Vice
President&#151;Marketing and
Chief Marketing Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mark S. Beaumont, Senior Vice
President&#151;Entertainment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Matthew V. Booty, Senior Vice
President&#151;Worldwide Studios</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48,625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">106,125</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deborah K. Fulton,
Senior Vice President, Secretary
and General Counsel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81,381</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Miguel Iribarren, Vice President&#151;
Corporate Communications and
Strategic Planning</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James R. Boyle, Vice President&#151;
Finance, Controller and
Assistant Treasurer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William C. Bartholomay, Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,983</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,983</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ira S. Sheinfeld, Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116,864</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116,864</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert N. Waxman, Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 2px solid #000000">&nbsp;</DIV>
</DIV>

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

<TR valign="top">
    <TD width="3%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Less than 1%</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Shares underlying stock options are deemed to be beneficially owned if the holder of the
option has the right to acquire beneficial ownership of the
underlying shares within 60&nbsp;days of June&nbsp;13, 2005.
This column includes the following number of shares of common stock underlying stock options
calculated in this manner: 1,181,039 for Mr.&nbsp;Zucker; 65,000 for Mr.&nbsp;Powell; 50,000 for Mr.
Beaumont; 48,625 for Mr.&nbsp;Booty; 56,461 for Ms.&nbsp;Fulton; 45,000 for Mr.&nbsp;Iribarren; 15,000 for
Mr.&nbsp;Boyle; 96,613 for Mr.&nbsp;Bartholomay; 95,063 for Mr.&nbsp;Sheinfeld; and 17,000 for Mr.&nbsp;Waxman.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Includes all Shares awarded or underlying awards under employee and director benefit plans,
whether vested or not, and whether in or out of the money. In connection with our spinoff
from WMS Industries Inc. in 1998, the following number of shares of common stock were obtained
by the following persons: 683 for Ms.&nbsp;Fulton; 35,370 for Mr.&nbsp;Bartholomay; and 21,801 for Mr.
Sheinfeld. This column also includes 125,000 shares issued under a Restricted Stock Agreement
between Mr.&nbsp;Zucker and Midway dated as of May&nbsp;6, 2003, 487 shares obtained by Ms.&nbsp;Fulton under
our 1998 Stock Incentive Plan and 8,000 shares held by Mr.&nbsp;Waxman after the exercise of
director options. <B>The selling stockholders are not required to sell any of their Shares.</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Percentage calculations are based on 86,928,517 shares of our common stock outstanding as of
June&nbsp;13, 2005.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">This amount includes the shares underlying stock options noted in footnote 1 above and 72,918
shares still subject to restrictions under a Restricted Stock Agreement between Mr.&nbsp;Zucker and
Midway dated as of May&nbsp;6, 2003. The period of restriction on these shares lapses on May&nbsp;1,
2006 if Mr.&nbsp;Zucker continues to be employed by us on that date. If Mr.&nbsp;Zucker&#146;s employment
were terminated by us for &#147;cause&#148; or by Mr.&nbsp;Zucker without &#147;good reason,&#148; as these terms are
defined in the Restricted Stock Agreement, then Mr.&nbsp;Zucker would forfeit the shares for which
the restrictions had not lapsed.</TD>
</TR>

</TABLE>



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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The selling stockholders may sell the common stock only for their own accounts. The Shares
are listed on the New York Stock Exchange, subject to official notice of issuance. The selling
stockholders, their donees, transferees or other successors in interest may sell or transfer Shares
for value in one or more transactions on the New York Stock Exchange (or any successor stock
exchange), in negotiated transactions or in a combination of these methods of sale, at market
prices prevailing at the time of sale, at prices related to those market prices or at prices
otherwise negotiated.


<P align="center" style="font-size: 10pt">-3-
</DIV>

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

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The selling stockholders may effect transactions by selling Shares to or through
broker-dealers. Those broker-dealers may receive compensation in the form of underwriting
discounts, concessions or commissions from the selling stockholders and/or the purchasers of the
Shares for whom the broker-dealers may act as agents, which compensation may be more or less than
customary commissions. None of the selling stockholders, at the date of this prospectus, has any
agreement, arrangement or understanding with any broker or dealer to sell any of the Shares. All
selling and other expenses incurred by individual selling stockholders will be borne by those
selling stockholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each share of our common stock is sold together with stock purchase rights. These rights are
described in a registration statement on Form 8-A/A (File No.&nbsp;1-12367) which we filed with the SEC
on October&nbsp;16, 2003. See &#147;Documents Incorporated by Reference.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may terminate this offering without notice at any time.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the Shares has been passed upon by our counsel, Shack Siegel Katz &#038; Flaherty
P.C., New York, New York. As of June&nbsp;14, 2005, shareholders of Shack Siegel Katz &#038; Flaherty P.C.
held a total of 1,000 shares of common stock and options to purchase 60,000 shares of common stock.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ernst &#038; Young LLP, independent registered public accounting firm, has audited our consolidated
financial statements and schedule included in our Annual Report on Form 10-K for the year ended
December&nbsp;31, 2004, and management&#146;s assessment of the effectiveness of our internal control over
financial reporting as of December&nbsp;31, 2004, as set forth in their reports, which are incorporated
by reference in this prospectus and elsewhere in the registration statement. Our consolidated
financial statements and schedule and management&#146;s assessment are incorporated by reference in
reliance on Ernst &#038; Young LLP&#146;s reports given on their authority as experts in accounting and
auditing.


<P align="center" style="font-size: 10pt"><B>DOCUMENTS INCORPORATED BY REFERENCE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The SEC allows us to &#147;incorporate by reference&#148; into this prospectus the information that we
file with the SEC. This means that we can disclose important information to you by referring you
to those documents. Information incorporated by reference is part of this prospectus. Information
that we file at a future date with the SEC will update and supersede this information. For further
information about us and our common stock, please read the documents incorporated by reference
below.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference the documents listed below and all documents that we file in the
future with the SEC under Sections&nbsp;13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934
until the termination of this offering:


<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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our annual report on Form 10-K for the year ended December&nbsp;31, 2004;</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="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our quarterly report on Form 10-Q for the quarter ended March&nbsp;31, 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="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our current reports on Form 8-K filed with the SEC on May&nbsp;10, 2005, May&nbsp;11, 2005 and
June&nbsp;7, 2005; 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="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of our common stock and accompanying rights contained in our
registration statement on Form 8-A/A (File No.&nbsp;1-12367) filed on October&nbsp;16, 2003.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will provide to each person, including any beneficial owner, to whom this prospectus is
delivered, a copy of any or all of the information that we have incorporated by reference in this
prospectus. You may request copies of this information in writing or orally, and we will provide
it at no cost. You may contact us at our principal executive office: 2704 West Roscoe Street,
Chicago, IL 60618 (773)&nbsp;961-2222, Attention: General Counsel.


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

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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

<P align="center" style="font-size: 10pt"><B>WHERE YOU CAN FIND MORE INFORMATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have filed eight registration statements on Form S-8 with the SEC concerning the Shares:
File Nos. 333-25757, 333-57583, 333-68373, 333-73451, 333-46618 333-98745, 333-115098 and
333-&#95;&#95;&#95;(filed on June&nbsp;15, 2005). This prospectus constitutes a part of each of these
registration statements. We also file annual, quarterly and current reports, proxy statements and
other information with the SEC. You may read and copy the registration statements and any
materials that we file at the SEC&#146;s Public Reference Room at 100 F St., NE, Washington, D.C. 20549.
You may obtain information on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Our documents may also be inspected at the offices of the NYSE, 20 Broad Street,
New York, New York 10005. The SEC maintains an Internet site that contains reports, proxy and
information statements and other information about issuers, including us, that file electronically
with the SEC. The SEC&#146;s web site is located at: www.sec.gov.



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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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



<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<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 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 and Post-Effective Amendment to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Chicago, State of Illinois on
this 14th day of June, 2005.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">MIDWAY GAMES INC.</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ David F. Zucker</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David F. Zucker,</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<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 to this Registration Statement appears below hereby appoints David
F. Zucker, Thomas E. Powell and Deborah K. Fulton, and each of them acting singly, as his or her
attorney-in-fact, to sign on his behalf individually and in the capacity stated below and to file
all post-effective amendments to this Registration Statement, which amendments may make such
changes and additions to this Registration Statement as such attorney-in-fact may deem necessary or
appropriate.


<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 and
Post-Effective Amendment 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="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David F. Zucker
<HR size="1" noshade color="#000000">
David F. Zucker
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer
(Principal Executive Officer)</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Thomas E. Powell
<HR size="1" noshade color="#000000">
Thomas E. Powell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President&#151;Finance,
Treasurer and Chief Financial
Officer (Principal Financial
Officer)</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James R. Boyle
<HR size="1" noshade color="#000000">
James R. Boyle
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President&#151;Finance, Controller
and Assistant Treasurer (Principal
Accounting Officer)</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William C. Bartholomay
<HR size="1" noshade color="#000000">
William C. Bartholomay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Peter C. Brown.
<HR size="1" noshade color="#000000">
Peter C. Brown
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Joseph A. Califano, Jr.
<HR size="1" noshade color="#000000">
Joseph A. Califano, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kenneth D. Cron
<HR size="1" noshade color="#000000">
Kenneth D. Cron
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Shari E. Redstone
<HR size="1" noshade color="#000000">
Shari E. Redstone
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ira S. Sheinfeld
<HR size="1" noshade color="#000000">
Ira S. Sheinfeld
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert N. Waxman
<HR size="1" noshade color="#000000">
Robert N. Waxman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;14, 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="010"></A></DIV>

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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&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>

<!-- 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">Specimen Certificate of Common Stock, incorporated by reference to the registrant&#146;s
registration statement on Form&nbsp;S-1, as amended, effective October&nbsp;29, 1996 (File No.
333-11919).</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">Amended and Restated Certificate of Incorporation of the registrant dated October&nbsp;25,
1996, incorporated herein by reference to the Form&nbsp;S-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">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated February&nbsp;25, 1998, incorporated herein by reference to the registrant&#146;s
Registration Statement on Form&nbsp;8-A/A, Amendment No.&nbsp;1, filed on April&nbsp;20, 1998.</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">Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated August&nbsp;5, 2003, incorporated herein by reference to the Quarterly Report on
Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2003.</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">Third Amended and Restated Rights Agreement, dated as of October&nbsp;14, 2003, between the
registrant and The Bank of New York, as Rights Agent, incorporated by reference to the
Current Report on Form&nbsp;8-K filed with the SEC on October&nbsp;15, 2003.</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">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment of the Amended and Restated Certificate of Incorporation of the
registrant dated February&nbsp;17, 2004, incorporated herein by reference to the registrant&#146;s
Registration Statement on Form&nbsp;S-3, File No.&nbsp;333-113077, initially filed on February&nbsp;25,
2004.</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">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated By-laws of the registrant, incorporated herein by reference to the
registrant&#146;s Registration Statement on Form&nbsp;S-3, File No.&nbsp;333-116334, filed on June&nbsp;10,
2004.</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
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Shack Siegel Katz &#038; Flaherty P.C., counsel for registrant.</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 Shack Siegel Katz &#038; Flaherty P.C. (contained in the opinion filed as Exhibit&nbsp;5
hereto).</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 Ernst &#038; Young LLP.</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
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (contained on the signature page hereof).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

</BODY>
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sv8
Table of Contents
As filed with the Securities and Exchange Commission on June 15, 2005
Registration No. 333-________
And Post-Effective Amendment No. 1 to each of the Form S-8 registration statements with file
numbers: 333-120347, 333-115098, 333-98745, 333-46618, 333-73451, 333-68373, 333-57583 and 333-25757.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
MIDWAY GAMES INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
22-2906244
(I.R.S. Employer Identification No.)
2704 West Roscoe Street, Chicago, Illinois 60618
(Address, including zip code, of registrant 's principal executive offices)
2005 LONG-TERM INCENTIVE PLAN
(Full title of the Plan)
Deborah K. Fulton, Esq.
Senior Vice President, Secretary and General Counsel
Midway Games Inc.
2704 West Roscoe Street
Chicago, Illinois 60618
(773) 961-2222
(Name and address, including zip code, and
telephone number, including area code, of agent for service)
Copy to:
Jeffrey N. Siegel, Esq.
Shack Siegel Katz & Flaherty P.C.
530 Fifth Avenue
New York, New York 10036
(212) 782-0700
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed
Title of securities
Amount to be
offering price
maximum aggregate
Amount of
to be registered (1)
registered (2)
per share (3)
offering price (3)
Registration Fee (4)
Common Stock, par value $.01
7,487,908 shares
$
9.74
$
72,932,223
$
0
(1)
In accordance with the Third Amended and Restated Rights Agreement between the registrant and
The Bank of New York, dated as of October 14, 2003, each share of the registrant's common
stock is accompanied by stock purchase rights. The value attributable to these rights, if
any, is reflected in the value of the common stock, and, accordingly, no separate fee is paid.
(2)
This registration statement covers up to 7,487,908 shares of the registrant's common stock
issuable under the registrant's 2005 Long-Term Incentive Plan. These shares of common stock
were previously registered under the Form S-8 registration statements, listed in the
explanatory note below, relating to pre-existing stock option plans. Pursuant to Rule 416
under the Securities Act of 1933, this registration statement also covers an indeterminable
number of shares of common stock which may become issuable pursuant to the anti-dilution
provisions of the plan being registered on this Form S-8.
(3)
The registration fee is computed, in accordance with Rule 457(h)(1) and Rule 457(c) under the
Securities Act, based on the average of the high and low prices of the registrant's common
stock reported on the New York Stock Exchange on June 9, 2005.
(4)
The registration fee has been reduced by $8,584.10, which amount is being offset, under Rule
457(p), against fees previously paid with the registrant's registration statements on Form
S-3, initially filed on June 22, 2001 (File No. 333-63642) in respect of 5,814,108 of the
shares registered in that offering which were never sold or issued in that offering and were
subsequently deregistered.
As permitted by Rule 429 under the Securities Act of 1933, the prospectus filed together with
this registration statement is a combined resale prospectus which shall be deemed a post-effective
amendment to the registrant's registration statements numbered 333-25757, 333-57583, 333-68373,
333-73451, 333-46618 333-98745 and 333-115098 on Form S-8.
Table of Contents
EXPLANATORY NOTE
Registration statements numbered 333-25757, 333-57583, 333-68373, 333-73451, 333-46618
333-98745 and 333-115098 were filed previously with the Commission by the registrant to register
shares of its common stock, par value $.01 per share, issued or issuable (a) under its 1996 Stock
Option Plan, its 1998 Non-Qualified Stock Option Plan, its 1998 Stock Incentive Plan, its 1999
Stock Option Plan, its 2000 Non-Qualified Stock Option Plan, its 2002 Non-Qualified Stock Option
Plan, its 2002 Stock Option Plan and a Stock Option Agreement and Restricted Stock Agreement each
between the registrant and David F. Zucker; or (b) in connection with the spinoff of the registrant
from its former parent company in accordance with the antidilution provisions of the applicable
stock option plans. This registration statement is being filed: (1) to register the shares of
common stock issuable under the registrant's 2005 Long-Term Incentive Plan; and (2) to file a
prospectus as permitted by Form S-8 General Instruction C and Rule 429 under the Securities Act of
1933 to be used for reoffers and resales by directors and executive officers of Midway of shares
issued or to be issued under the registrant's employee and director benefit plans.
The registrant also hereby removes from registration under the following registration
statements the following number of shares that are being registered under this registration
statement: 309,308 shares under file no. 333-25757; 37,846 shares under file no. 333-57583;
296,838 shares under file no. 333-68373; 179,200 shares under file no. 333-73451; 19,025 shares
under file no. 333-46618; 242,103 shares under file no. 333-98745; and 1,025,000 shares under file
no. 333-115098. In addition, the registrant hereby removes from registration 1,072,411 shares
under file no. 333-115098 that were not issued and will not be issued to Mr. Zucker under the
above-mentioned Stock Option Agreement.
-2-
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
Opinion of Shack Siegel Katz & Flaherty P.C.
Consent of Ernst & Young LLP
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified by this Part I will be sent or given to
participants as specified by Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2004, its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, its Current Reports on Form 8-K
filed on May 10, 2005, May 11, 2005 and June 7, 2005 and the description of its common stock and
accompanying rights contained in the Third Amendment to registrant's registration statement on Form
8-A/A (File No. 1-12367) filed on October 16, 2003 under Section 12(b) of the Securities Exchange
Act of 1934 (the "Exchange Act"), including all exhibits thereto, are incorporated herein by this
reference and made a part of this registration statement.
All documents subsequently filed by the registrant under Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act after the effective date of this registration statement and prior to the
termination of this offering shall be deemed to be incorporated by reference into this registration
statement and to be a part hereof from the date of filing of those documents. Any statement
contained herein or in a document incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this registration statement to the
extent that a statement contained herein or in any document which 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.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The validity of the issuance of the shares of common stock offered hereby will be passed upon
for the registrant by Shack Siegel Katz & Flaherty P.C., 530 Fifth Avenue, New York, New York
10036. As of June 14, 2005, shareholders of Shack Siegel Katz & Flaherty P.C. held, in the
aggregate, 1,000 shares of common stock and options to purchase 60,000 shares of common stock.
Item 6. Indemnification of Directors and Officers.
The registrant's authority to indemnify its officers and directors is governed by the
provisions of Section 145 of the General Corporation Law of the State of Delaware (the "DGCL"), by
the Amended and Restated Bylaws of the registrant (the "Bylaws"), by the Restated Certificate of
Incorporation, as amended, of the registrant (the "Certificate of Incorporation") and by
indemnification agreements entered into with directors and officers (the "Indemnity Agreements").
Under Section 145 of the DGCL, directors and officers as well as other employees and
individuals may be indemnified against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement in connection with specified actions, suits or proceedings, whether
civil, criminal, administrative or investigative (other than an action by or in the right of the
corporation (a "derivative action")) 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 registrant, and with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A
similar standard of care is applicable in the case of derivative actions, except that
indemnification only extends to expenses (including attorneys' fees) incurred in connection with
defense or settlement of such an action and the DGCL requires court approval before there can be
any indemnification where the person seeking indemnification has been found liable to the
registrant.
-3-
Table of Contents
The Certificate of Incorporation and Bylaws of the registrant provide that the registrant
shall, to the fullest extent permitted by Section 145 of the DGCL, (i) indemnify any and all
persons whom it shall have power to indemnify under said section from and against any and all of
the expenses, liabilities or other matters referred to in or covered by said section, and (ii)
advance expenses related thereto to any and all said persons. The indemnification and advancement
of expenses provided for therein shall not be deemed to be exclusive of any other rights to which
those indemnified may be entitled under any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in their official capacities and as to action in another
capacity while holding such offices, and shall continue as to persons who have ceased to be
directors, officers, employees or agents and shall inure to the benefit of the heirs, executors and
administrators of such persons. In addition, the Certificate of Incorporation of the registrant
provides for the elimination of personal liability of directors of the registrant to the registrant
or its stockholders for monetary damages for breach of fiduciary duty as a director, to the fullest
extent permitted by the DGCL, as amended and supplemented.
The Indemnity Agreements provide for the indemnification of officers and directors to the
fullest extent permitted by the laws of the State of Delaware and obligate the registrant to
provide the maximum protection allowed under Delaware law. In addition, the Indemnity Agreements
supplement and increase that protection.
The registrant has purchased an insurance policy that provides coverage for losses of up to an
aggregate amount of $40 million arising from claims made against the directors or officers for any
actual or alleged wrongful act in their capacities as directors or officers of the registrant. The
coverage only applies, however, if indemnity is not available under the provisions described above
in this Item 6.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the registrant pursuant to the foregoing
provisions, the registrant has been informed that, in the opinion of the Commission, such
indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.
Item 7. Exemption from Registration Claimed.
None.
Item 8. Exhibits.
Exhibit No.
Description
4.1
Specimen Certificate of Common Stock, incorporated by reference to the registrant's
registration statement on Form S-1, as amended, effective October 29, 1996 (File No.
333-11919).
4.2
Amended and Restated Certificate of Incorporation of the registrant dated October 25,
1996, incorporated herein by reference to the Form S-1.
4.3
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated February 25, 1998, incorporated herein by reference to the registrant's
Registration Statement on Form 8-A/A, Amendment No. 1, filed on April 20, 1998.
4.4
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated August 5, 2003, incorporated herein by reference to the Quarterly Report on
Form 10-Q for the quarter ended June 30, 2003.
4.5
Third Amended and Restated Rights Agreement, dated as of October 14, 2003, between the
registrant and The Bank of New York, as Rights Agent, incorporated by reference to the
Current Report on Form 8-K filed with the SEC on October 15, 2003.
4.6
Certificate of Amendment of the Amended and Restated Certificate of Incorporation of the
registrant dated February 17, 2004, incorporated herein by reference to the registrant's
Registration Statement on Form S-3, File No. 333-113077, initially filed on February 25,
2004.
4.7
Amended and Restated By-laws of the registrant, incorporated herein by reference to the
registrant's Registration Statement on Form S-3, File No. 333-116334, filed on June 10,
2004.
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Exhibit No.
Description
5
Opinion of Shack Siegel Katz & Flaherty P.C., counsel for registrant.
23.1
Consent of Shack Siegel Katz & Flaherty P.C. (contained in the opinion filed as Exhibit 5
hereto).
23.2
Consent of Ernst & Young LLP.
24
Power of Attorney (contained on the signature page hereof).
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 liability under the Securities Act of 1933, 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 of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) 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.
h. Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 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 Act and will be governed by the
final adjudication of such issue.
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RESALE PROSPECTUS
MIDWAY GAMES INC.
3,340,192 Shares
Common Stock, Par Value $.01
We develop and publish
interactive entertainment
software for play on major
videogame systems. Our
principal executive office is
located at 2704 West Roscoe
Street, Chicago, IL 60618,
telephone no. (773) 961-2222.
Our common stock is listed on
the New York Stock Exchange
under the symbol "MWY".
Our officers and directors who are
listed on pages 2 and 3 below as
"selling stockholders" may sell up
to the number of shares of our
common stock listed opposite their
names in the "Shares Available to be
Sold" column. The selling
stockholders may sell their shares
at any time after issuance, but
they
are not required to sell any
shares.
The selling stockholders acquired
or may acquire the shares "available
to be sold" under our employee and
director benefit plans.
Investing in our common stock involves risks. See Risk Factors on Page 2.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the adequacy or accuracy of this
prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus is June 15, 2005
Table of Contents
ABOUT THIS PROSPECTUS
Most of the information about us that you need to know before you invest in the shares of our
common stock that may be sold under this prospectus (the "Shares") is not included, but rather is
incorporated by reference, in this prospectus. You should obtain and read the information
described under the headings "Documents Incorporated by Reference" and "Where You Can Find More
Information" in order to get all of the important information about Midway.
RISK FACTORS
Investing in our securities involves risks. The most significant factors that make an
investment in our securities risky or speculative are discussed (a) under the captions "Item 1.
Business—Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations" in our most recent Annual Report on Form 10-K; and (b) in our more
recent reports filed with the SEC that are incorporated by reference in this prospectus. These
factors, and others that are not presently known to us, may cause our operating results to vary
from anticipated results or may materially and adversely affect our business and financial
condition. If any of the unfavorable events or circumstances described in the risk factors
actually occur, our business may suffer, the trading price of our common stock and other securities
could decline, and you could lose all or part of your investment.
USE OF PROCEEDS
We will not receive any of the proceeds from the sale of the common stock offered by this
prospectus, but we will receive the exercise price upon the exercise of any options by the selling
stockholders. We plan to use any such proceeds for working capital purposes.
SELLING STOCKHOLDERS
This prospectus relates to Shares that are available for reoffers and resales by officers and
directors of Midway Games Inc. who have acquired or may acquire Shares under our employee and
director benefit plans as described in the table below and in the footnotes to the table, including
any anti-dilution adjustment shares. The selling stockholders may resell any or all of their
Shares, when issued, subject to vesting conditions in some cases, at any time they choose while
this prospectus is effective, but
they are not required to sell any Shares
.
An "affiliate" is defined in Rule 405 under the Securities Act of 1933 as a "person that
directly, or indirectly, through one or more intermediaries, controls or is controlled by, or is
under common control with" us. Although a person's name is included in the table below, neither
that person nor we are making an admission that the named person is our "affiliate."
The information in the table below sets forth, for each selling stockholder, based upon
information available to us as of June 13, 2005, the number of shares of our common stock
beneficially owned before and after a hypothetical sale of the Shares (assuming the sale by that
person of all of his or her Shares) and the percentage of the outstanding shares of common stock
beneficially owned before and after the sale of the Shares.
The column headed "Shares Available to be Sold" represents the maximum number of Shares that
could be sold under this prospectus if the holder sold all of his or her Shares and exercised all
of his or her options when vested and sold the underlying Shares. The amounts listed under "Shares
Available to be Sold" do not constitute commitments to sell any or all of the stated number of
Shares. The actual number of Shares to be sold, if any, shall be determined from time to time by
each selling stockholder in his or her discretion.
Amount and Nature
Shares
Shares Beneficially
of Beneficial
Available to
Owned After
Percent of Class (3)
Name and Position(s)
Ownership(1)
be Sold(2)
Offering
Before Offering
After Offering
David F. Zucker, President and
Chief Executive Officer
1,326,039
(4)
2,477,589
(4)
20,000
1.5
%
*
Thomas E. Powell, Executive Vice
President, Chief Financial Officer
and Treasurer
65,500
112,500
500
*
*
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Amount and Nature
Shares
Shares Beneficially
of Beneficial
Available to
Owned After
Percent of Class (3)
Name and Position(s)
Ownership(1)
be Sold(2)
Offering
Before Offering
After Offering
Steven M. Allison, Senior Vice
President—Marketing and
Chief Marketing Officer
0
63,750
0
0
%
0
%
Mark S. Beaumont, Senior Vice
President—Entertainment
50,000
110,000
0
*
0
%
Matthew V. Booty, Senior Vice
President—Worldwide Studios
48,625
106,125
0
*
0
%
Deborah K. Fulton,
Senior Vice President, Secretary
and General Counsel
57,631
81,381
0
*
0
%
Miguel Iribarren, Vice President—
Corporate Communications and
Strategic Planning
45,000
80,000
0
*
0
%
James R. Boyle, Vice President—
Finance, Controller and
Assistant Treasurer
15,000
35,000
0
*
0
%
William C. Bartholomay, Director
141,983
131,983
10,000
*
*
Ira S. Sheinfeld, Director
116,864
116,864
0
*
0
%
Robert N. Waxman, Director
25,000
25,000
0
*
0
%
*
Less than 1%
(1)
Shares underlying stock options are deemed to be beneficially owned if the holder of the
option has the right to acquire beneficial ownership of the
underlying shares within 60 days of June 13, 2005.
This column includes the following number of shares of common stock underlying stock options
calculated in this manner: 1,181,039 for Mr. Zucker; 65,000 for Mr. Powell; 50,000 for Mr.
Beaumont; 48,625 for Mr. Booty; 56,461 for Ms. Fulton; 45,000 for Mr. Iribarren; 15,000 for
Mr. Boyle; 96,613 for Mr. Bartholomay; 95,063 for Mr. Sheinfeld; and 17,000 for Mr. Waxman.
(2)
Includes all Shares awarded or underlying awards under employee and director benefit plans,
whether vested or not, and whether in or out of the money. In connection with our spinoff
from WMS Industries Inc. in 1998, the following number of shares of common stock were obtained
by the following persons: 683 for Ms. Fulton; 35,370 for Mr. Bartholomay; and 21,801 for Mr.
Sheinfeld. This column also includes 125,000 shares issued under a Restricted Stock Agreement
between Mr. Zucker and Midway dated as of May 6, 2003, 487 shares obtained by Ms. Fulton under
our 1998 Stock Incentive Plan and 8,000 shares held by Mr. Waxman after the exercise of
director options.
The selling stockholders are not required to sell any of their Shares.
(3)
Percentage calculations are based on 86,928,517 shares of our common stock outstanding as of
June 13, 2005.
(4)
This amount includes the shares underlying stock options noted in footnote 1 above and 72,918
shares still subject to restrictions under a Restricted Stock Agreement between Mr. Zucker and
Midway dated as of May 6, 2003. The period of restriction on these shares lapses on May 1,
2006 if Mr. Zucker continues to be employed by us on that date. If Mr. Zucker's employment
were terminated by us for "cause" or by Mr. Zucker without "good reason," as these terms are
defined in the Restricted Stock Agreement, then Mr. Zucker would forfeit the shares for which
the restrictions had not lapsed.
PLAN OF DISTRIBUTION
The selling stockholders may sell the common stock only for their own accounts. The Shares
are listed on the New York Stock Exchange, subject to official notice of issuance. The selling
stockholders, their donees, transferees or other successors in interest may sell or transfer Shares
for value in one or more transactions on the New York Stock Exchange (or any successor stock
exchange), in negotiated transactions or in a combination of these methods of sale, at market
prices prevailing at the time of sale, at prices related to those market prices or at prices
otherwise negotiated.
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Table of Contents
The selling stockholders may effect transactions by selling Shares to or through
broker-dealers. Those broker-dealers may receive compensation in the form of underwriting
discounts, concessions or commissions from the selling stockholders and/or the purchasers of the
Shares for whom the broker-dealers may act as agents, which compensation may be more or less than
customary commissions. None of the selling stockholders, at the date of this prospectus, has any
agreement, arrangement or understanding with any broker or dealer to sell any of the Shares. All
selling and other expenses incurred by individual selling stockholders will be borne by those
selling stockholders.
Each share of our common stock is sold together with stock purchase rights. These rights are
described in a registration statement on Form 8-A/A (File No. 1-12367) which we filed with the SEC
on October 16, 2003. See "Documents Incorporated by Reference."
We may terminate this offering without notice at any time.
LEGAL MATTERS
The validity of the Shares has been passed upon by our counsel, Shack Siegel Katz & Flaherty
P.C., New York, New York. As of June 14, 2005, shareholders of Shack Siegel Katz & Flaherty P.C.
held a total of 1,000 shares of common stock and options to purchase 60,000 shares of common stock.
EXPERTS
Ernst & Young LLP, independent registered public accounting firm, has audited our consolidated
financial statements and schedule included in our Annual Report on Form 10-K for the year ended
December 31, 2004, and management's assessment of the effectiveness of our internal control over
financial reporting as of December 31, 2004, as set forth in their reports, which are incorporated
by reference in this prospectus and elsewhere in the registration statement. Our consolidated
financial statements and schedule and management's assessment are incorporated by reference in
reliance on Ernst & Young LLP's reports given on their authority as experts in accounting and
auditing.
DOCUMENTS INCORPORATED BY REFERENCE
The SEC allows us to "incorporate by reference" into this prospectus the information that we
file with the SEC. This means that we can disclose important information to you by referring you
to those documents. Information incorporated by reference is part of this prospectus. Information
that we file at a future date with the SEC will update and supersede this information. For further
information about us and our common stock, please read the documents incorporated by reference
below.
We incorporate by reference the documents listed below and all documents that we file in the
future with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934
until the termination of this offering:
•
our annual report on Form 10-K for the year ended December 31, 2004;
•
our quarterly report on Form 10-Q for the quarter ended March 31, 2005;
•
our current reports on Form 8-K filed with the SEC on May 10, 2005, May 11, 2005 and
June 7, 2005; and
•
the description of our common stock and accompanying rights contained in our
registration statement on Form 8-A/A (File No. 1-12367) filed on October 16, 2003.
We will provide to each person, including any beneficial owner, to whom this prospectus is
delivered, a copy of any or all of the information that we have incorporated by reference in this
prospectus. You may request copies of this information in writing or orally, and we will provide
it at no cost. You may contact us at our principal executive office: 2704 West Roscoe Street,
Chicago, IL 60618 (773) 961-2222, Attention: General Counsel.
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Table of Contents
WHERE YOU CAN FIND MORE INFORMATION
We have filed eight registration statements on Form S-8 with the SEC concerning the Shares:
File Nos. 333-25757, 333-57583, 333-68373, 333-73451, 333-46618 333-98745, 333-115098 and
333-___(filed on June 15, 2005). This prospectus constitutes a part of each of these
registration statements. We also file annual, quarterly and current reports, proxy statements and
other information with the SEC. You may read and copy the registration statements and any
materials that we file at the SEC's Public Reference Room at 100 F St., NE, Washington, D.C. 20549.
You may obtain information on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Our documents may also be inspected at the offices of the NYSE, 20 Broad Street,
New York, New York 10005. The SEC maintains an Internet site that contains reports, proxy and
information statements and other information about issuers, including us, that file electronically
with the SEC. The SEC's web site is located at: www.sec.gov.
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Table of Contents
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 and Post-Effective Amendment to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Chicago, State of Illinois on
this 14th day of June, 2005.
MIDWAY GAMES INC.
By:
/s/ David F. Zucker
David F. Zucker,
Chief Executive Officer
Power of Attorney
Each person whose signature to this Registration Statement appears below hereby appoints David
F. Zucker, Thomas E. Powell and Deborah K. Fulton, and each of them acting singly, as his or her
attorney-in-fact, to sign on his behalf individually and in the capacity stated below and to file
all post-effective amendments to this Registration Statement, which amendments may make such
changes and additions to this Registration Statement as such attorney-in-fact may deem necessary or
appropriate.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement and
Post-Effective Amendment has been signed by the following persons in the capacities and on the
dates indicated.
Signature
Date
Title
/s/ David F. Zucker
David F. Zucker
June 14, 2005
President and Chief Executive Officer
(Principal Executive Officer)
/s/ Thomas E. Powell
Thomas E. Powell
June 14, 2005
Executive Vice President—Finance,
Treasurer and Chief Financial
Officer (Principal Financial
Officer)
/s/ James R. Boyle
James R. Boyle
June 14, 2005
Vice President—Finance, Controller
and Assistant Treasurer (Principal
Accounting Officer)
/s/ William C. Bartholomay
William C. Bartholomay
June 14, 2005
Director
/s/ Peter C. Brown.
Peter C. Brown
June 14, 2005
Director
/s/ Joseph A. Califano, Jr.
Joseph A. Califano, Jr.
June 14, 2005
Director
/s/ Kenneth D. Cron
Kenneth D. Cron
June 14, 2005
Director
/s/ Shari E. Redstone
Shari E. Redstone
June 14, 2005
Director
/s/ Ira S. Sheinfeld
Ira S. Sheinfeld
June 14, 2005
Director
/s/ Robert N. Waxman
Robert N. Waxman
June 14, 2005
Director
Table of Contents
EXHIBIT INDEX
Exhibit No.
Description
4.1
Specimen Certificate of Common Stock, incorporated by reference to the registrant's
registration statement on Form S-1, as amended, effective October 29, 1996 (File No.
333-11919).
4.2
Amended and Restated Certificate of Incorporation of the registrant dated October 25,
1996, incorporated herein by reference to the Form S-1.
4.3
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated February 25, 1998, incorporated herein by reference to the registrant's
Registration Statement on Form 8-A/A, Amendment No. 1, filed on April 20, 1998.
4.4
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the
registrant dated August 5, 2003, incorporated herein by reference to the Quarterly Report on
Form 10-Q for the quarter ended June 30, 2003.
4.5
Third Amended and Restated Rights Agreement, dated as of October 14, 2003, between the
registrant and The Bank of New York, as Rights Agent, incorporated by reference to the
Current Report on Form 8-K filed with the SEC on October 15, 2003.
4.6
Certificate of Amendment of the Amended and Restated Certificate of Incorporation of the
registrant dated February 17, 2004, incorporated herein by reference to the registrant's
Registration Statement on Form S-3, File No. 333-113077, initially filed on February 25,
2004.
4.7
Amended and Restated By-laws of the registrant, incorporated herein by reference to the
registrant's Registration Statement on Form S-3, File No. 333-116334, filed on June 10,
2004.
5
Opinion of Shack Siegel Katz & Flaherty P.C., counsel for registrant.
23.1
Consent of Shack Siegel Katz & Flaherty P.C. (contained in the opinion filed as Exhibit 5
hereto).
23.2
Consent of Ernst & Young LLP.
24
Power of Attorney (contained on the signature page hereof).