<HTML>
<HEAD>
<TITLE>sv8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt">As filed with the Securities and Exchange Commission on August&nbsp;25, 2004


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



<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">







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

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

<DIV align="center" style="font-size: 12pt"><B>&nbsp;</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><HR size="1" noshade width="25%" align="center"></B>
</DIV>

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

<P align="center" style="font-size: 12pt"><B>REGISTRATION STATEMENT<BR>
Under<BR>
the Securities Act of 1933</B>

<P align="center" style="font-size: 12pt"><B><HR size="1" noshade width="25%" align="center"></B>

<P align="center" style="font-size: 24pt"><B>STELLENT, 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="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Minnesota</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>41-1652566</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of<BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<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"><B>7777 Golden Triangle Drive<BR>
Eden Prairie, Minnesota</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>55344</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>STELLENT, INC.<BR>
1997 DIRECTOR STOCK OPTION PLAN</B><BR>
(Full title of the plan)


<P align="center" style="font-size: 10pt"><B>Gregg A. Waldon</B><BR>
Executive Vice President, Chief Executive Officer, Secretary and Treasurer<BR>
7777 Golden Triangle Drive<BR>
Eden Prairie, Minnesota 55344<BR>
(Name and address of agent for service)


<P align="center" style="font-size: 10pt">(952)&nbsp;903-2000<BR>
(Telephone number, including area code, of agent for service)


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="25%" align="center">


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


<P align="center" style="font-size: 10pt"><B>Kris Sharpe</B><BR>
Faegre &#038; Benson LLP<BR>
2200 Wells Fargo Center<BR>
90 South Seventh Street<BR>
Minneapolis, Minnesota 55402<BR>
(612)&nbsp;766-7000


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="25%" align="center">


<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%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<TR><TD colspan="21"><hr noshade size="4"></TD></TR>
<TR style="font-size: 8pt" valign="bottom">
    <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="3"><B>Proposed</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Title of</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Securities to</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>to be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>be Registered</B><HR size="1" noshade></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registered</B><HR size="1" noshade></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Per Share (1)</B><HR size="1" noshade></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price (1)</B><HR size="1" noshade></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fee</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock, $.01 par value</DIV></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">200,000 shares</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6.68</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,336,000</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">170.00</TD>
    <TD>&nbsp;</TD>
</TR>

<TR><TD colspan="21"><hr noshade size="4"></TD></TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<P>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Estimated solely for the purpose of determining the registration fee
pursuant to the provisions of Rule 457(h) under the Securities Act of 1933
based on the average of the high and low sale prices per share of the
Registrant&#146;s Common Stock as quoted on the Nasdaq National Market on
August&nbsp;20, 2004.</TD>
</TR>

</TABLE>



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">










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

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

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








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



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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 is being filed for the purpose of
registering an additional 200,000 shares of the Registrant&#146;s Common Stock to be
issued pursuant to the Registrant&#146;s 1997 Director Stock Option Plan (Amended
and restated as of June&nbsp;2, 2004) (the &#147;Plan&#148;). The Registration Statements
previously filed with the Commission relating to the Plan (File Nos. 333-66449
and 333-102130) are incorporated by reference herein.


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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></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">Amended and Restated Articles of Incorporation (1)</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 Bylaws (2)</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">Share Rights Agreement between the Registrant and Wells
Fargo Bank, Minnesota, N.A., as Rights Agent, dated as of May&nbsp;29,
2002 (3)</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 Faegre &#038; Benson LLP as to the legality of the
shares being registered</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 Faegre &#038; Benson LLP (contained in Exhibit&nbsp;5 to
this Registration Statement)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Grant Thornton LLP</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">Powers of Attorney (included on page 2 of this Registration
Statement)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Stellent, Inc. 1997 Director Stock Option Plan (Amended and
restated as of June&nbsp;2, 2004) (4)</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated herein by reference to Exhibit&nbsp;3.1 to the Company&#146;s Current
Report on Form 8-K filed August&nbsp;30, 2001 (File No.&nbsp;0-19817).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;4.2 of the Company&#146;s Registration
Statement on Form S-8 (File No.&nbsp;333-75828).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;99.1 of the Company&#146;s Registration
Statement on Form 8-A12G filed June&nbsp;3, 2002 (File No.&nbsp;0-19817).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;B to the Company&#146;s Definitive Proxy
Statement on Schedule&nbsp;14A, filed with the Commission on July&nbsp;2, 2004 (File
No.&nbsp;0-19817).</TD>
</TR>

</TABLE>


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

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

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






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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Company
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 Eden Prairie, State of Minnesota, on August&nbsp;25,
2004.

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><B>STELLENT, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000">By   /s/ Gregg A. Waldon
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">Gregg A. Waldon&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3"><I>Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

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




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned hereby appoints Robert F. Olson and Gregg A.
Waldon, and each of them (with full power to act alone), as attorneys and
agents for the undersigned, with full power of substitution, for and in the
name, place and stead of the undersigned, to sign and file with the Securities
and Exchange Commission under the Securities Act of 1933, as amended, any and
all amendments and exhibits to this Registration Statement and any and all
applications, instruments and other documents to be filed with the Securities
and Exchange Commission pertaining to the registration of the securities
covered hereby, with full power and authority to do and perform any and all
acts and things whatsoever requisite and necessary or desirable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons,
representing a majority of the Board of Directors, in the capacities indicated
on August&nbsp;25, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

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

<TR valign="bottom">
    <TD align="center" nowrap valign="top">/s/ Robert F. Olson<BR>
<HR size="1" noshade>
Robert F. Olson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board, President and Chief Executive<BR>
Officer (Principal Executive Officer and Director)</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Gregg A. Waldon<BR>
<HR size="1" noshade>
Gregg A. Waldon</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Executive Vice President, Chief Financial Officer,<BR>
Treasurer and Secretary (Principal Financial Officer<BR>
and Principal Accounting Officer)</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Kenneth H. Holec<BR>
<HR size="1" noshade>
Kenneth H. Holec</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Alan B. Menkes<BR>
<HR size="1" noshade>
Alan B. Menkes</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Philip E. Soran<BR>
<HR size="1" noshade>
Philip E. Soran</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Raymond A. Tucker<BR>
<HR size="1" noshade>
Raymond A. Tucker</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Steven C. Waldron<BR>
<HR size="1" noshade>
Steven C. Waldron</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



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

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

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


<P align="center" style="font-size: 10pt">INDEX TO EXHIBITS


<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="3%">&nbsp;</TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Method</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Filing</B><HR size="1" noshade></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">Amended and Restated Articles of Incorporation (1).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by<BR>
Reference</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 Bylaws (2).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by<BR>
Reference</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">Share Rights Agreement between the Registrant and Wells Fargo Bank,
Minnesota, N.A., as Rights Agent, dated as of May&nbsp;29, 2002 (3).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by<BR>
Reference</TD>
</TR>
<tr><td>&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 Faegre &#038; Benson LLP as to the legality of the shares
being registered.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Electronic<BR>
Transmission</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 Faegre &#038; Benson LLP (contained in Exhibit&nbsp;5 to this
Registration Statement)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<tr><td>&nbsp;</td></tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Grant Thornton LLP.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Electronic<BR>
Transmission</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">Powers of Attorney (included on page 2 of this Registration Statement)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Stellent, Inc. 1997 Director Stock Option Plan (Amended and restated as
of June&nbsp;2, 2004) (4).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by<BR>
Reference</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated herein by reference to Exhibit&nbsp;3.1 to the Company&#146;s Current
Report on Form 8-K filed August&nbsp;30, 2001 (File No.&nbsp;0-19817).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;4.2 of the Company&#146;s Registration
Statement on Form S-8 (File No.&nbsp;333-75828).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;99.1 of the Company&#146;s Registration
Statement on Form 8-A12G filed June&nbsp;3, 2002 (File No.&nbsp;0-19817).</TD>
</TR>

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

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Incorporated by reference to Exhibit&nbsp;B to the Company&#146;s Definitive Proxy
Statement on Schedule&nbsp;14A, filed with the Commission on July&nbsp;2, 2004 (File
No.&nbsp;0-19817).</TD>
</TR>

</TABLE>



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

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "c87785sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 24824}]
{"company-data": {"conformed-name": "STELLENT INC", "cik": "0000867347", "assigned-sic": "7372", "irs-number": "411652566", "state-of-incorporation": "MN", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-118544", "film-number": "04996405"}, "business-address": {"street1": "7777 GOLDEN TRIANGLE DRIVE", "street2": ".", "city": "EDEN PRAIRIE", "state": "MN", "zip": "55344", "phone": "9529032000"}, "mail-address": {"street1": "7777 GOLDEN TRIANGLE DRIVE", "street2": ".", "city": "EDEN PRAIRIE", "state": "MN", "zip": "55344"}, "former-company": [{"former-conformed-name": "INTRANET SOLUTIONS INC", "date-changed": "19960808"}, {"former-conformed-name": "MACGREGOR SPORTS & FITNESS INC", "date-changed": "19930328"}, {"former-conformed-name": "VIDA VENTURES LTD /MN/", "date-changed": "19600201"}]}
sv8
As filed with the Securities and Exchange Commission on August 25, 2004
Registration
No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
the Securities Act of 1933
STELLENT, INC.
(Exact name of Registrant as specified in its charter)
Minnesota
41-1652566
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
7777 Golden Triangle Drive
Eden Prairie, Minnesota
55344
(Address of principal executive offices)
(Zip Code)
STELLENT, INC.
1997 DIRECTOR STOCK OPTION PLAN
(Full title of the plan)
Gregg A. Waldon
Executive Vice President, Chief Executive Officer, Secretary and Treasurer
7777 Golden Triangle Drive
Eden Prairie, Minnesota 55344
(Name and address of agent for service)
(952) 903-2000
(Telephone number, including area code, of agent for service)
copy to:
Kris Sharpe
Faegre & Benson LLP
2200 Wells Fargo Center
90 South Seventh Street
Minneapolis, Minnesota 55402
(612) 766-7000
CALCULATION OF REGISTRATION FEE
Proposed
Title of
Amount
Maximum
Proposed Maximum
Amount of
Securities to
to be
Offering Price
Aggregate Offering
Registration
be Registered
Registered
Per Share (1)
Price (1)
Fee
Common Stock, $.01 par value
200,000 shares
$
6.68
$
1,336,000
$
170.00
(1)
Estimated solely for the purpose of determining the registration fee
pursuant to the provisions of Rule 457(h) under the Securities Act of 1933
based on the average of the high and low sale prices per share of the
Registrant's Common Stock as quoted on the Nasdaq National Market on
August 20, 2004.
STELLENT, INC.
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed for the purpose of
registering an additional 200,000 shares of the Registrant's Common Stock to be
issued pursuant to the Registrant's 1997 Director Stock Option Plan (Amended
and restated as of June 2, 2004) (the "Plan"). The Registration Statements
previously filed with the Commission relating to the Plan (File Nos. 333-66449
and 333-102130) are incorporated by reference herein.
EXHIBITS
Exhibit
Description
4.1
Amended and Restated Articles of Incorporation (1)
4.2
Amended and Restated Bylaws (2)
4.3
Share Rights Agreement between the Registrant and Wells
Fargo Bank, Minnesota, N.A., as Rights Agent, dated as of May 29,
2002 (3)
5
Opinion of Faegre & Benson LLP as to the legality of the
shares being registered
23.1
Consent of Faegre & Benson LLP (contained in Exhibit 5 to
this Registration Statement)
23.2
Consent of Grant Thornton LLP
24
Powers of Attorney (included on page 2 of this Registration
Statement)
99
Stellent, Inc. 1997 Director Stock Option Plan (Amended and
restated as of June 2, 2004) (4)
(1)
Incorporated herein by reference to Exhibit 3.1 to the Company's Current
Report on Form 8-K filed August 30, 2001 (File No. 0-19817).
(2)
Incorporated by reference to Exhibit 4.2 of the Company's Registration
Statement on Form S-8 (File No. 333-75828).
(3)
Incorporated by reference to Exhibit 99.1 of the Company's Registration
Statement on Form 8-A12G filed June 3, 2002 (File No. 0-19817).
(4)
Incorporated by reference to Exhibit B to the Company's Definitive Proxy
Statement on Schedule 14A, filed with the Commission on July 2, 2004 (File
No. 0-19817).
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
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 Eden Prairie, State of Minnesota, on August 25,
2004.
STELLENT, INC.
By   /s/ Gregg A. Waldon
Gregg A. Waldon
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
POWERS OF ATTORNEY
Each of the undersigned hereby appoints Robert F. Olson and Gregg A.
Waldon, and each of them (with full power to act alone), as attorneys and
agents for the undersigned, with full power of substitution, for and in the
name, place and stead of the undersigned, to sign and file with the Securities
and Exchange Commission under the Securities Act of 1933, as amended, any and
all amendments and exhibits to this Registration Statement and any and all
applications, instruments and other documents to be filed with the Securities
and Exchange Commission pertaining to the registration of the securities
covered hereby, with full power and authority to do and perform any and all
acts and things whatsoever requisite and necessary or desirable.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons,
representing a majority of the Board of Directors, in the capacities indicated
on August 25, 2004.
Signature
Title
/s/ Robert F. Olson
Robert F. Olson
Chairman of the Board, President and Chief Executive
Officer (Principal Executive Officer and Director)
/s/ Gregg A. Waldon
Gregg A. Waldon
Executive Vice President, Chief Financial Officer,
Treasurer and Secretary (Principal Financial Officer
and Principal Accounting Officer)
/s/ Kenneth H. Holec
Kenneth H. Holec
Director
/s/ Alan B. Menkes
Alan B. Menkes
Director
/s/ Philip E. Soran
Philip E. Soran
Director
/s/ Raymond A. Tucker
Raymond A. Tucker
Director
/s/ Steven C. Waldron
Steven C. Waldron
Director
2
INDEX TO EXHIBITS
Method
Exhibit
Description
of Filing
4.1
Amended and Restated Articles of Incorporation (1).
Incorporated by
Reference
4.2
Amended and Restated Bylaws (2).
Incorporated by
Reference
4.3
Share Rights Agreement between the Registrant and Wells Fargo Bank,
Minnesota, N.A., as Rights Agent, dated as of May 29, 2002 (3).
Incorporated by
Reference
5
Opinion of Faegre & Benson LLP as to the legality of the shares
being registered.
Electronic
Transmission
23.1
Consent of Faegre & Benson LLP (contained in Exhibit 5 to this
Registration Statement)
23.2
Consent of Grant Thornton LLP.
Electronic
Transmission
24
Powers of Attorney (included on page 2 of this Registration Statement)
99
Stellent, Inc. 1997 Director Stock Option Plan (Amended and restated as
of June 2, 2004) (4).
Incorporated by
Reference
(1)
Incorporated herein by reference to Exhibit 3.1 to the Company's Current
Report on Form 8-K filed August 30, 2001 (File No. 0-19817).
(2)
Incorporated by reference to Exhibit 4.2 of the Company's Registration
Statement on Form S-8 (File No. 333-75828).
(3)
Incorporated by reference to Exhibit 99.1 of the Company's Registration
Statement on Form 8-A12G filed June 3, 2002 (File No. 0-19817).
(4)
Incorporated by reference to Exhibit B to the Company's Definitive Proxy
Statement on Schedule 14A, filed with the Commission on July 2, 2004 (File
No. 0-19817).