<HTML>
<HEAD>
<TITLE>s-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->


<P align="center">As filed with the Securities and Exchange Commission on April&nbsp;26, 2001<BR>
Registration No.&nbsp;333-_______

<P align="center">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549

<P align="center"><B>FORM S-8</B>

<P align="center">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933

<P align="center"><B>SEDONA CORPORATION<BR>
(Exact name of registrant as specified in its charter)</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="51%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="44%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>Pennsylvania</B></FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
<B>95-4091769</B></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">(State or other jurisdiction of<BR>
Incorporation or organization)</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>

<TR valign="bottom">
        <TD align="center" valign="top">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD  align="center" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>455 South Gulph Road, Suite&nbsp;300<BR>
King of Prussia, Pennsylvania</B></FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
<B>19406</B></FONT></TD>
</TR>


<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">(Address of principal executive offices)</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
(Zip Code)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><B>SEDONA CORPORATION 2000 INCENTIVE STOCK OPTION PLAN<BR>
SEDONA CORPORATION EMPLOYEE STOCK PURCHASE PLAN<BR>
</B>(Full title of plans)

<P align="center">(Name, address and telephone<BR>
number of agent for service)<BR>
<B>Marco A. Emrich<BR>
President and Chief Executive Officer<BR>
455 South Gulph Road, Suite&nbsp;300<BR>
King of Prussia, Pennsylvania 19406<BR>
(484)&nbsp;679-2200</B>

<P align="center"><B>CALCULATION OF REGISTRATION FEE</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%" align="center">
<TR valign="bottom">
        <TD width="3%">&nbsp;</TD>
        <TD width="43%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>to be</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Aggregate</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center" colspan="2"><FONT size="2"><B>Title of Securities to be Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registered (1)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Price Per Unit (2)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering Price (2)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Fee (2)</B></FONT></TD>
</TR>

<TR valign="bottom">
        <TD colspan="2"><FONT size="2">Common Stock, $.001 par value
Employee Stock Purchase Plan</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">1,000,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">0.900</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">900,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">225.00</FONT></TD>
        <TD></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD></TD>
        <TD><FONT size="2">2000 Incentive Stock Option Plan</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">5,000,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">0.900</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">4,500,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">1,125.00</FONT></TD>
        <TD></TD>
</TR>
<TR valign="bottom">
        <TD colspan="2"></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD></TD>
</TR>
<TR valign="bottom">
        <TD colspan="2"><FONT size="2">TOTAL</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">6,000,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">0.900</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">5,400,000</FONT></TD>
        <TD></TD>
        <TD></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">1,350.00</FONT></TD>
        <TD></TD>
</TR>
<TR valign="bottom">
        <TD colspan="2"></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="4" noshade></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="4" noshade></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="4" noshade></TD>
        <TD></TD>
        <TD></TD>
        <TD></TD>
        <TD><HR size="4" noshade></TD>
        <TD></TD>
</TR>
</TABLE>
</CENTER>
<P>

<HR size="2" width="10%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left">(1)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">In addition, pursuant to Rule&nbsp;416(c) under the Securities Act of 1933,
as amended, this Registration Statement also covers an indeterminate number of
shares of Common Stock that may be offered or issued by reason of stock splits,
stock dividends or similar transactions and an indeterminate number of plan
participation interests to be offered or sold pursuant to the Employee Stock
Purchase Plan.</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(2)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Estimated solely for purposes of calculating the registration fee pursuant
to Rule&nbsp;457(c) and (h). The proposed maximum offering price per share,
proposed maximum aggregate offering price and the amount of the registration
fee are based on the average of the daily high and low sale prices of Sedona
Corporation Common Stock reported on the NASDAQ SmallCap Market on April&nbsp;23,
2001 (i.e., $0.900). Pursuant to Rule&nbsp;<br>457(h)(2), no separate registration fee
is provided for the participation interests in the Employee Stock Purchase
Plan.</TD>
</TR>
</TABLE>
<P align="center">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>




<P align="center"><B>PART I</B>

<P align="center"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required to be included in this Form&nbsp;S-8 Registration Statement
pursuant to introductory Note to Part I of Form&nbsp;S-8.

<P align="center"><B>PART II</B>

<P align="center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

<P align="left"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents which have been filed by the Registrant with the
Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated herein
by reference:

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Annual Report on Form&nbsp;10-K for the fiscal year ended December
31, 2000;</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All other reports filed pursuant to Sections&nbsp;13(a) or 15(d)
of the Securities Exchange Act of 1934, as amended, (&#147;Exchange Act&#148;)
since the end of the fiscal year covered by the document referred to
in (a)&nbsp;above; and</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Description of Common Stock of the Registrant contained or
incorporated in the registration statements filed by the Registrant
under the Exchange Act, including any amendments or reports filed
for the purpose of updating such description.</TD>
</TR>
</TABLE>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant with the Commission
pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities remaining unsold,
shall be deemed to be incorporated by reference into this Registration
Statement and to be a part of this Registration Statement from the date of
filing of such documents.

<P align="left"><B>Item&nbsp;4. Description of Securities.</B>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">Not applicable.</TD>
</TR>
</TABLE>
<P align="left"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%">None.</TD>
</TR>
</TABLE>
<P align="left"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Pennsylvania Business Corporation Law of 1988, as amended (the &#147;BCL&#148;),
permits a corporation to indemnify its directors and officers against expenses
(including attorneys&#146; fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by them in connection with any pending,
threatened or completed action or proceeding, and permits such indemnification
against expenses (including attorneys&#146; fees) incurred by them in connection
with any pending, threatened or completed derivative action, if the director or
officer has acted in good faith and in a manner he or she reasonably believed
to be in, or not opposed to, the best interests of the corporation and, with
respect to any criminal proceeding, had no reasonable cause to believe his or
her conduct was unlawful. Pennsylvania law requires that a corporation
indemnify its directors and officers against expenses

<P align="center">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>



<P>(including attorneys&#146; fees) actually and reasonably incurred by them in
connection with any action or proceeding, including derivative actions, to the
extent that such person has been successful on the merits or otherwise in
defense of the action or in defense of any claim, issue or matter therein.
Furthermore, Pennsylvania law provides that expenses incurred in defending any
action or proceeding may be paid by the corporation in advance of the final
disposition upon receipt of an undertaking by or on behalf of the director or
officer to repay the amount if it is ultimately determined that the director or
officer is not entitled to be indemnified by the corporation.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In Pennsylvania, the statutory provisions for indemnification and
advancement of expenses are non-exclusive with respect to any other rights,
such as contractual rights or under a by-law or vote of shareholders or
disinterested directors, to which a person seeking indemnification or
advancement of expenses may be entitled. Such contractual or other rights may,
for example, under Pennsylvania law, provide for indemnification against
judgments, fines and amounts paid in settlement incurred by the indemnified
person in connection with derivative actions. Pennsylvania law permits such
derivative action indemnification in any case except where the act or failure
to act giving rise to the claim for indemnification is determined by a court to
have constituted willful misconduct or recklessness.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of Article&nbsp;VII of the Registrant&#146;s By-Laws require or
authorize indemnification of officers and directors in all situations in which
it is not expressly prohibited by law. At the present time, the limitations on
indemnification would be dictated by the BCL and related legislation, which
prohibit indemnification where the conduct is determined by a court to
constitute willful misconduct or recklessness. Subject to these statutory
limitations, the By-Laws specifically authorize indemnification against both
judgments and amounts paid in settlement of derivative suits. These provisions
also authorize indemnification for negligence or gross negligence and for
punitive damages and certain liabilities incurred under the federal securities
laws. The By-Laws also prohibit indemnification attributable to receipt from
the Registrant of a personal benefit to which the recipient is not legally
entitled.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the indemnification provisions of the By-Laws, a person who has
incurred an indemnifiable expense or liability would have a right to be
indemnified, and that right would be enforceable against the Registrant as long
as indemnification is not prohibited by law. To the extent indemnification is
permitted only for a portion of a liability, the By-Laws also require the
Registrant to indemnify such portion.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.03 of the By-Laws provides that the financial ability of a
person to be indemnified to repay an advance of indemnifiable expenses is not a
prerequisite to the making of the advance.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.06 of the By-Laws provides that any dispute concerning a
person&#146;s right to indemnification or advancement of expenses thereunder will be
resolved only by arbitration by three persons, each of whom is required to have
been a director or executive officer of a corporation whose shares, during at
least one year of such service, were listed on the New York Stock Exchange or
the American Stock Exchange or were quoted on the NASDAQ system. The
Registrant also is obligated to pay the expenses (including attorneys&#146; fees)
incurred by any person who is successful in the arbitration. The arbitration
provisions effectively waive the Registrant&#146;s right to have a court determine
the unavailability of indemnification in cases involving willful misconduct or
recklessness.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.07 of the By-Laws provides that in circumstances in which
indemnification is held to be unavailable, the Registrant must contribute to
the liabilities to which a director or officer may be subject in such
proportion as is appropriate to reflect the intent of the indemnification
provisions of the By-Laws. Since the foregoing provisions purport to provide
partial relief to directors and officers in circumstances in which the law or
public policy is construed to prohibit indemnification, substantial
uncertainties exist as to the enforceability of the provisions in such
circumstances.

<P align="center">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>



<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.10 of the By-Laws also contains provisions stating that the
indemnification rights thereunder are not exclusive of any other rights to
which the person may be entitled under any statute, agreement, vote of
shareholders or disinterested directors or other arrangement.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All future directors and officers of the Registrant automatically would be
entitled to the protections of the indemnification provisions of the By-Laws at
the time they assume office.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pennsylvania law permits a corporation to purchase and maintain insurance
on behalf of any director or officer of the corporation against any liability
asserted against the director or officer and incurred in such capacity, whether
or not the corporation would have the power to indemnify the director or
officer against such liability. The directors and officers of the Registrant
are covered as insureds under a directors&#146; and officers&#146; liability insurance
policy.

<P align="left"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</TD>
</TR>
</TABLE>
<P align="left"><B>Item&nbsp;8. Exhibits.</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%" align="center">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>EXHIBIT</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>NUMBER</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="left"><FONT size="2"><B>DESCRIPTION</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"><HR size="1"></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Articles of Incorporation (incorporated by reference to the
Registrant&#146;s Current Report on Form&nbsp;8-K, dated June&nbsp;15, 1992)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Amendment to the Articles of Incorporation (incorporated by
reference to the Registrant&#146;s Annual Report on Form&nbsp;10-K for the
fiscal year ended December&nbsp;31, 1995)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.3</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
By-Laws (incorporated by reference to the Registrant&#146;s Current
Report on Form&nbsp;8-K, dated June&nbsp;15, 1992)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.4</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
2000 Incentive Stock Option Plan (filed as Appendix&nbsp;A to the
Registrant&#146;s Definitive Proxy Materials dated May&nbsp;17, 2000 and
incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.5</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Employee Stock Purchase Plan (filed as Appendix&nbsp;B to the
Registrant&#146;s Definitive Proxy Materials dated May&nbsp;17, 2000 and
incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">5.0</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Opinion of Piper Marbury Rudnick &#38; Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered under this Registration Statement</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Consent of Counsel (contained in Exhibit&nbsp;5.0)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Consent of Independent Auditors (filed herewith)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.0</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Power of Attorney (filed herewith)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left"><B>Item&nbsp;9. Undertakings.</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&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:</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of
the Securities Act of 1933;</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information
set forth in this Registration Statement;</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;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.</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraphs (l)(i) and (l)(ii) above do not apply if the information
required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed by the Registrant pursuant to
Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that
are incorporated by reference in this Registration Statement.</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any 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.</TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD>&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.</TD>
</TR>
</TABLE>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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&nbsp;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&nbsp;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.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 Securities and Exchange
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">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>



<P align="center"><B>SIGNATURES</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of King of Prussia, Commonwealth of Pennsylvania,
on the 23rd day of April, 2001.


<TABLE cellspacing="0" border="0" cellpadding="0" width="35%" align="center">
<TR valign="bottom">
        <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">SEDONA CORPORATION</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By: <U>/s/  Marco A. Emrich&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marco A. Emrich<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman of the Board and<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Administrator of the Employee Stock Purchase Plan has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of King of Prussia, Commonwealth of Pennsylvania
on the 18th day of April, 2001.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="35%" align="center">
<TR valign="bottom">
        <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">SEDONA CORPORATION<BR>
EMPLOYEE STOCK PURCHASE PLAN</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By: <U>/s/  David S. Hirsch&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;David S. Hirsch<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Member of Compensation Committee</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Form&nbsp;S-8
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="34%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>Signature</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center"><FONT size="2"><B>Title</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center"><FONT size="2"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"><HR size="1"></TD>
</TR>

<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">/s/ Marco A. Emrich</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
Chief Executive Officer and
</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">April&nbsp;23, 2001</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">Marco A. Emrich</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
President</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
(Principal Executive Officer)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">/s/ William K. Williams</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
Chief Financial Officer and
</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">April&nbsp;23, 2001</FONT></TD>
</TR>

<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">William K. Williams</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
Vice President</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
(Principal Financial and Accounting Officer)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A majority of the Board of Directors (R.&nbsp;Barry Borden, Marco A. Emrich,
David S. Hirsch, Michael A. Mulshine, Laurence L. Osterwise, James C. Sargent,
Robert M. Shapiro)

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%" align="center">
<TR valign="bottom">
        <TD width="36%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="27%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="27%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">/s/ Michael A. Mulshine</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
As Attorney-in-Fact
</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">April&nbsp;23, 2001</FONT></TD>
</TR>

<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
        <TD></TD>
        <TD nowrap align="center"></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="left" valign="top"><FONT size="2">Michael A. Mulshine</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center">&nbsp;
<!-- PAGEBREAK -->
<P><HR noshade><P>



<P align="center"><B>EXHIBIT INDEX</B>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%" align="center">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>EXHIBIT</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>NUMBER</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="left"><FONT size="2"><B>DESCRIPTION</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD nowrap align="center"><HR size="1"></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Articles of Incorporation (incorporated by reference to the
Registrant&#146;s Current Report on Form&nbsp;8-K, dated June&nbsp;15, 1992)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Amendment to the Articles of Incorporation (incorporated by
reference to the Registrant&#146;s Annual Report on Form&nbsp;10-K for the
fiscal year ended December&nbsp;31, 1995)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.3</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
By-Laws (incorporated by reference to the Registrant&#146;s Current
Report on Form&nbsp;8-K, dated June&nbsp;15, 1992)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.4</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
2000 Incentive Stock Option Plan (filed as Appendix&nbsp;A to the
Registrant&#146;s Definitive Proxy Materials dated May&nbsp;17, 2000 and
incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.5</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Employee Stock Purchase Plan (filed as Appendix&nbsp;B to the
Registrant&#146;s Definitive Proxy Materials dated May&nbsp;17, 2000 and
incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">5.0</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Opinion of Piper Marbury Rudnick &#38; Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered under this Registration Statement</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Consent of Counsel (contained in Exhibit&nbsp;5.0)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Consent of Independent Auditors (filed herewith)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.0</FONT></TD>
        <TD></TD>
        <TD  align="left" valign="top"><FONT size="2">
Power of Attorney (filed herewith)</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center">&nbsp;
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "w48368s-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 39298}]
{"company-data": {"conformed-name": "SEDONA CORP", "cik": "0000764843", "assigned-sic": "7372", "irs-number": "954091769", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-59780", "film-number": "1614844"}, "business-address": {"street1": "649 NORTH LEWIS ROAD", "city": "LIMERICK", "state": "PA", "zip": "19468", "phone": "6104953003"}, "mail-address": {"street1": "649 NORTH LEIWS RD STE 220", "city": "LIMERICK", "state": "PA", "zip": "19008"}, "former-company": [{"former-conformed-name": "SCAN GRAPHICS INC", "date-changed": "19920703"}, {"former-conformed-name": "CAPTIVE VENTURE CAPITAL INC", "date-changed": "19870519"}]}
s-8
As filed with the Securities and Exchange Commission on April 26, 2001
Registration No. 333-_______
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SEDONA CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania
95-4091769
(State or other jurisdiction of
Incorporation or organization)
(I.R.S. Employer Identification No.)
455 South Gulph Road, Suite 300
King of Prussia, Pennsylvania
19406
(Address of principal executive offices)
(Zip Code)
SEDONA CORPORATION 2000 INCENTIVE STOCK OPTION PLAN
SEDONA CORPORATION EMPLOYEE STOCK PURCHASE PLAN
(Full title of plans)
(Name, address and telephone
number of agent for service)
Marco A. Emrich
President and Chief Executive Officer
455 South Gulph Road, Suite 300
King of Prussia, Pennsylvania 19406
(484) 679-2200
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Amount
Maximum
Maximum
Amount of
to be
Offering
Aggregate
Registration
Title of Securities to be Registered
Registered (1)
Price Per Unit (2)
Offering Price (2)
Fee (2)
Common Stock, $.001 par value
Employee Stock Purchase Plan
1,000,000
$
0.900
$
900,000
$
225.00
2000 Incentive Stock Option Plan
5,000,000
$
0.900
$
4,500,000
$
1,125.00
TOTAL
6,000,000
$
0.900
$
5,400,000
$
1,350.00
(1)
In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
as amended, this Registration Statement also covers an indeterminate number of
shares of Common Stock that may be offered or issued by reason of stock splits,
stock dividends or similar transactions and an indeterminate number of plan
participation interests to be offered or sold pursuant to the Employee Stock
Purchase Plan.
(2)
Estimated solely for purposes of calculating the registration fee pursuant
to Rule 457(c) and (h). The proposed maximum offering price per share,
proposed maximum aggregate offering price and the amount of the registration
fee are based on the average of the daily high and low sale prices of Sedona
Corporation Common Stock reported on the NASDAQ SmallCap Market on April 23,
2001 (i.e., $0.900). Pursuant to Rule
457(h)(2), no separate registration fee
is provided for the participation interests in the Employee Stock Purchase
Plan.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Not required to be included in this Form S-8 Registration Statement
pursuant to introductory Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents which have been filed by the Registrant with the
Securities and Exchange Commission (the "Commission") are incorporated herein
by reference:
(a) Annual Report on Form 10-K for the fiscal year ended December
31, 2000;
(b) All other reports filed pursuant to Sections 13(a) or 15(d)
of the Securities Exchange Act of 1934, as amended, ("Exchange Act")
since the end of the fiscal year covered by the document referred to
in (a) above; and
(c) Description of Common Stock of the Registrant contained or
incorporated in the registration statements filed by the Registrant
under the Exchange Act, including any amendments or reports filed
for the purpose of updating such description.
All documents subsequently filed by the Registrant with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities remaining unsold,
shall be deemed to be incorporated by reference into this Registration
Statement and to be a part of this Registration Statement from the date of
filing of such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
The Pennsylvania Business Corporation Law of 1988, as amended (the "BCL"),
permits a corporation to indemnify its directors and officers against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by them in connection with any pending,
threatened or completed action or proceeding, and permits such indemnification
against expenses (including attorneys' fees) incurred by them in connection
with any pending, threatened or completed derivative action, if the director or
officer has acted in good faith and in a manner he or she reasonably believed
to be in, or not opposed to, the best interests of the corporation and, with
respect to any criminal proceeding, had no reasonable cause to believe his or
her conduct was unlawful. Pennsylvania law requires that a corporation
indemnify its directors and officers against expenses
(including attorneys' fees) actually and reasonably incurred by them in
connection with any action or proceeding, including derivative actions, to the
extent that such person has been successful on the merits or otherwise in
defense of the action or in defense of any claim, issue or matter therein.
Furthermore, Pennsylvania law provides that expenses incurred in defending any
action or proceeding may be paid by the corporation in advance of the final
disposition upon receipt of an undertaking by or on behalf of the director or
officer to repay the amount if it is ultimately determined that the director or
officer is not entitled to be indemnified by the corporation.
In Pennsylvania, the statutory provisions for indemnification and
advancement of expenses are non-exclusive with respect to any other rights,
such as contractual rights or under a by-law or vote of shareholders or
disinterested directors, to which a person seeking indemnification or
advancement of expenses may be entitled. Such contractual or other rights may,
for example, under Pennsylvania law, provide for indemnification against
judgments, fines and amounts paid in settlement incurred by the indemnified
person in connection with derivative actions. Pennsylvania law permits such
derivative action indemnification in any case except where the act or failure
to act giving rise to the claim for indemnification is determined by a court to
have constituted willful misconduct or recklessness.
The provisions of Article VII of the Registrant's By-Laws require or
authorize indemnification of officers and directors in all situations in which
it is not expressly prohibited by law. At the present time, the limitations on
indemnification would be dictated by the BCL and related legislation, which
prohibit indemnification where the conduct is determined by a court to
constitute willful misconduct or recklessness. Subject to these statutory
limitations, the By-Laws specifically authorize indemnification against both
judgments and amounts paid in settlement of derivative suits. These provisions
also authorize indemnification for negligence or gross negligence and for
punitive damages and certain liabilities incurred under the federal securities
laws. The By-Laws also prohibit indemnification attributable to receipt from
the Registrant of a personal benefit to which the recipient is not legally
entitled.
Under the indemnification provisions of the By-Laws, a person who has
incurred an indemnifiable expense or liability would have a right to be
indemnified, and that right would be enforceable against the Registrant as long
as indemnification is not prohibited by law. To the extent indemnification is
permitted only for a portion of a liability, the By-Laws also require the
Registrant to indemnify such portion.
Section 7.03 of the By-Laws provides that the financial ability of a
person to be indemnified to repay an advance of indemnifiable expenses is not a
prerequisite to the making of the advance.
Section 7.06 of the By-Laws provides that any dispute concerning a
person's right to indemnification or advancement of expenses thereunder will be
resolved only by arbitration by three persons, each of whom is required to have
been a director or executive officer of a corporation whose shares, during at
least one year of such service, were listed on the New York Stock Exchange or
the American Stock Exchange or were quoted on the NASDAQ system. The
Registrant also is obligated to pay the expenses (including attorneys' fees)
incurred by any person who is successful in the arbitration. The arbitration
provisions effectively waive the Registrant's right to have a court determine
the unavailability of indemnification in cases involving willful misconduct or
recklessness.
Section 7.07 of the By-Laws provides that in circumstances in which
indemnification is held to be unavailable, the Registrant must contribute to
the liabilities to which a director or officer may be subject in such
proportion as is appropriate to reflect the intent of the indemnification
provisions of the By-Laws. Since the foregoing provisions purport to provide
partial relief to directors and officers in circumstances in which the law or
public policy is construed to prohibit indemnification, substantial
uncertainties exist as to the enforceability of the provisions in such
circumstances.
Section 7.10 of the By-Laws also contains provisions stating that the
indemnification rights thereunder are not exclusive of any other rights to
which the person may be entitled under any statute, agreement, vote of
shareholders or disinterested directors or other arrangement.
All future directors and officers of the Registrant automatically would be
entitled to the protections of the indemnification provisions of the By-Laws at
the time they assume office.
Pennsylvania law permits a corporation to purchase and maintain insurance
on behalf of any director or officer of the corporation against any liability
asserted against the director or officer and incurred in such capacity, whether
or not the corporation would have the power to indemnify the director or
officer against such liability. The directors and officers of the Registrant
are covered as insureds under a directors' and officers' liability insurance
policy.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
EXHIBIT
NUMBER
DESCRIPTION
4.1
Articles of Incorporation (incorporated by reference to the
Registrant's Current Report on Form 8-K, dated June 15, 1992)
4.2
Amendment to the Articles of Incorporation (incorporated by
reference to the Registrant's Annual Report on Form 10-K for the
fiscal year ended December 31, 1995)
4.3
By-Laws (incorporated by reference to the Registrant's Current
Report on Form 8-K, dated June 15, 1992)
4.4
2000 Incentive Stock Option Plan (filed as Appendix A to the
Registrant's Definitive Proxy Materials dated May 17, 2000 and
incorporated herein by reference)
4.5
Employee Stock Purchase Plan (filed as Appendix B to the
Registrant's Definitive Proxy Materials dated May 17, 2000 and
incorporated herein by reference)
5.0
Opinion of Piper Marbury Rudnick & Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered under this Registration Statement
23.1
Consent of Counsel (contained in Exhibit 5.0)
23.2
Consent of Independent Auditors (filed herewith)
24.0
Power of Attorney (filed herewith)
Item 9. Undertakings.
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:
(i) To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information
set forth in this Registration Statement;
(iii) To include any material information with respect to the
plan of distribution not previously disclosed in the Registration
Statement or any material change to such information in the
Registration Statement.
Paragraphs (l)(i) and (l)(ii) above do not apply if the information
required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed by the Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that
are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any 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.
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.
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 Securities and Exchange
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.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of King of Prussia, Commonwealth of Pennsylvania,
on the 23rd day of April, 2001.
SEDONA CORPORATION
By:
/s/  Marco A. Emrich
Marco A. Emrich
Chairman of the Board and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Administrator of the Employee Stock Purchase Plan has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of King of Prussia, Commonwealth of Pennsylvania
on the 18th day of April, 2001.
SEDONA CORPORATION
EMPLOYEE STOCK PURCHASE PLAN
By:
/s/  David S. Hirsch
David S. Hirsch
Member of Compensation Committee
Pursuant to the requirements of the Securities Act of 1933, this Form S-8
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
Signature
Title
Date
/s/ Marco A. Emrich
Chief Executive Officer and
April 23, 2001
Marco A. Emrich
President
(Principal Executive Officer)
/s/ William K. Williams
Chief Financial Officer and
April 23, 2001
William K. Williams
Vice President
(Principal Financial and Accounting Officer)
A majority of the Board of Directors (R. Barry Borden, Marco A. Emrich,
David S. Hirsch, Michael A. Mulshine, Laurence L. Osterwise, James C. Sargent,
Robert M. Shapiro)
/s/ Michael A. Mulshine
As Attorney-in-Fact
April 23, 2001
Michael A. Mulshine
EXHIBIT INDEX
EXHIBIT
NUMBER
DESCRIPTION
4.1
Articles of Incorporation (incorporated by reference to the
Registrant's Current Report on Form 8-K, dated June 15, 1992)
4.2
Amendment to the Articles of Incorporation (incorporated by
reference to the Registrant's Annual Report on Form 10-K for the
fiscal year ended December 31, 1995)
4.3
By-Laws (incorporated by reference to the Registrant's Current
Report on Form 8-K, dated June 15, 1992)
4.4
2000 Incentive Stock Option Plan (filed as Appendix A to the
Registrant's Definitive Proxy Materials dated May 17, 2000 and
incorporated herein by reference)
4.5
Employee Stock Purchase Plan (filed as Appendix B to the
Registrant's Definitive Proxy Materials dated May 17, 2000 and
incorporated herein by reference)
5.0
Opinion of Piper Marbury Rudnick & Wolfe LLP, counsel for the
Registrant, regarding the legal validity of the shares of Common
Stock being registered under this Registration Statement
23.1
Consent of Counsel (contained in Exhibit 5.0)
23.2
Consent of Independent Auditors (filed herewith)
24.0
Power of Attorney (filed herewith)