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<P align="center" style="font-size: 10pt">As Filed With the Securities and Exchange Commission on July&nbsp;16, 2004



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



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





<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>


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<HR noshade width="26%" align="center" size="1">
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<P align="center" style="font-size: 14pt"><B>FORM S-8<BR>
REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B>


<P align="center" style="font-size: 24pt"><B>MTI TECHNOLOGY CORPORATION</B>

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


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
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<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">Delaware<BR>
<I>(State or other jurisdiction of incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">95-3601802<BR>
<I>(I.R.S. Employer Identification No.)</I></TD>
</TR>

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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">14661 Franklin Avenue, Tustin, California 92780<BR>
<I>(Address of Principal Executive Offices)</I>



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<HR noshade width="26%" align="center" size="1">
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<P align="center" style="font-size: 14pt"><B>2001 STOCK INCENTIVE PLAN</B>


<DIV align="center" style="font-size: 10pt"><I>(Full title of the plan)</I></DIV>



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<HR noshade width="26%" align="center" size="1">
<P>




<P align="center" style="font-size: 10pt">Thomas P. Raimondi, Jr.<BR>
Chairman, President and Chief Executive Officer<BR>
14661 Franklin Avenue<BR>
Tustin, California 92780<BR>
<I>(Name and address of agent for service)</I>



<P align="center" style="font-size: 10pt">(714)&nbsp;481-7800<BR>
<I>(Telephone number, including area code, of agent for service)</I>



<P align="center" style="font-size: 10pt">Copy to:<BR>
Nick E. Yocca, Esq.<BR>
Stradling Yocca Carlson &#038; Rauth, A Professional Corporation<BR>
660 Newport Center Drive, Suite&nbsp;1600, Newport Beach, California 92660



<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="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&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" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></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="center"><B>Title of Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount To Be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price Per</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></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="center"><B>To Be Registered</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered (1)(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Share (3)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price (3)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration Fee</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common Stock, $.001
par value
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1,015,008 shares
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">1.68</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">1,705,213</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">216</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>



<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="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), this Registration Statement includes an indeterminate
number of additional shares which may be offered and issued to prevent
dilution from stock splits, stock dividends or similar transactions as
provided in the Registrant&#146;s 2001 Stock Incentive Plan, which includes
shares authorized to be issued pursuant to the awards granted under the
Registrant&#146;s 2001 Non-Employee Director Option Program, (the &#147;2001 Plan&#148;).</TD>
</TR>

</TABLE>


<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="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Represents 1,015,008 additional shares of common stock that are available
for issuance under the 2001 Plan as a result of the automatic &#147;evergreen&#148;
provision contained in the 2001 Plan. An aggregate of 4,000,000 shares of
common stock</TD>
</TR>

</TABLE>

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

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


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>available for issuance under the 2001 Plan were registered on
Registration Statement on Form S-8 filed on August&nbsp;3, 2001 (Registration
No.&nbsp;333-66716). An additional 974,528 shares of common stock available
for issuance under the 2001 Plan were registered on Registration
Statement on Form S-8 filed on January&nbsp;18, 2002 (Registration No.
333-76972). An additional 987,382 shares of common stock available for
issuance under the 2001 Plan were registered on Registration Statement on
Form S-8 filed on February&nbsp;10, 2003 (Registration No.&nbsp;333-103065). An
additional 2,500,000 shares of common stock available for issuance under
the 2001 Plan were registered on Registration Statement on Form S-8 filed
on September&nbsp;23, 2003 (Registration No.&nbsp;333-109060).</TD>
</TR>

</TABLE>


<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="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee, in
accordance with Rule&nbsp;457(h), on the basis of the price of securities of
the same class, as determined in accordance with Rule&nbsp;457(c), using the
average of the high and low prices reported by the Nasdaq SmallCap Market
for the common stock on July&nbsp;12, 2004, which was $1.68 per share.
</TD>
</TR>
</TABLE>

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

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

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


</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to General Instruction E to Form S-8 under the Securities Act,
this Registration Statement is filed for the purpose of registering additional
securities of the same class as those registered under the currently effective
Registration Statements on Form S-8 (Registration Nos. 333-66716, 333-76972,
333-103065 and 333-109060), relating to the 2001 Stock Incentive Plan (the
&#147;2001 Plan&#148;) of MTI Technology Corporation (the &#147;Registrant&#148;), and the contents
of that Registration Statement, including any amendments thereto or filings
incorporated therein, are incorporated herein by this reference.

<!-- link1 "PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->

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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initially, an aggregate of 4,000,000 shares of common stock were available
for grant or award under the 2001 Plan, and such 4,000,000 shares were
registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on August&nbsp;3, 2001 (Registration No.&nbsp;333-66716). On
January&nbsp;1, 2002, the shares of common stock available for issuance under the
2001 Plan increased by 974,528 shares as a result of the automatic &#147;evergreen&#148;
provision contained in the 2001 Plan, and such increase was registered on the
Registration Statement on Form S-8 filed with the Securities and Exchange
Commission on January&nbsp;18, 2002 (Registration No.&nbsp;333-76972). On January&nbsp;1,
2003, the shares of common stock available for issuance under the 2001 Plan
increased by 987,382 shares as a result of the automatic &#147;evergreen&#148; provision
contained in the 2001 Plan, and such increase was registered on the
Registration Statement on Form S-8 filed with the Securities and Exchange
Commission on February&nbsp;10, 2003 (Registration No.&nbsp;333-103065). On June&nbsp;24,
2003, MTI&#146;s Board of Directors approved an increase of 2,500,000 shares of
common stock issuable under the 2001 Plan and on August&nbsp;21, 2003, MTI&#146;s
stockholders approved such increase at MTI&#146;s 2003 Annual Meeting of
Stockholders. Such increase was registered on the Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on September&nbsp;23,
2003 (Registration No.&nbsp;333-109060). On January&nbsp;1, 2004, the shares of common
stock available for issuance under the 2001 increased by 1,015,008 shares as a
result of the automatic &#147;evergreen&#148; provision contained in the 2001 Plan. This
Registration Statement on Form S-8 covers such increase of 1,015,008 shares of
common stock, issuable under the 2001 Plan, bringing the total number of shares
authorized thereunder to 9,476,918.

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->

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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are hereby incorporated by reference into this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission:


<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="4%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Annual Report on Form 10-K for the fiscal
year ended April&nbsp;3, 2004, filed on July&nbsp;1, 2004, as amended on July
15, 2004;</TD>
</TR>

</TABLE>


<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="4%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All other reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the &#147;Exchange Act&#148;), since the end of the fiscal year covered by
the Annual Report referred to in (a)&nbsp;above;</TD>
</TR>

</TABLE>


<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="4%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Registrant&#146;s common stock that is
contained in the Registrant&#146;s Registration Statement on Form 8-A
filed under Section&nbsp;12 of the Exchange Act, including any amendment
or report filed for the purpose of updating that description; and</TD>
</TR>

</TABLE>


<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="4%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All documents subsequently filed by the Registrant 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 of such
securities then remaining unsold, shall be deemed to be incorporated
herein by reference and to be a part hereof from the date of filing
of such documents, except as to any portion of any future annual or
quarterly report to stockholders or document that is not deemed
filed under such provisions. For the purposes of this registration
statement, any statement in a document incorporated by reference
shall be deemed to be modified or superseded to the extent that a
statement contained in this registration statement modifies or
supersedes a statement in such document. Any statement so modified
or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this registration statement.</TD>
</TR>

</TABLE>

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

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

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


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



</TABLE>

<!-- link2 "Item&nbsp;8. Exhibits." -->

<P align="left" style="font-size: 10pt">Item&nbsp;8. 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="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MTI Technology Corporation 2001 Stock Incentive Plan
(incorporated by reference to Appendix&nbsp;C of the Registrant&#146;s
definitive Proxy Statement for its 2003 Annual Meeting of
Stockholders, filed July&nbsp;15, 2003).</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Stradling Yocca Carlson &#038; Rauth.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Stradling Yocca Carlson &#038; Rauth (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm &#150; Grant Thornton LLP.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm &#150; KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page to the Registration Statement).</TD>
</TR>

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</TABLE>
</DIV>



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

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

<!-- link2 "SIGNATURES" -->

<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 to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Tustin, State of California, on the 16th day of
July, 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">MTI Technology Corporation<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ TODD SCHAEFFER
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">Todd Schaeffer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">Chief Financial Officer and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

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




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned directors and officers of MTI Technology Corporation,
do hereby make, constitute and appoint Thomas P. Raimondi, Jr. and Todd
Schaeffer, and each of them acting individually, our true and lawful
attorneys-in-fact and agents, with power to act without any other and with full
power of substitution, to do any and all acts and things in our name and behalf
in our capacities as directors and officers, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, or any
related Registration Statement that is to be effective upon filing pursuant to
Rule 462(b) under the Securities Act of 1933, as amended, and to file the same,
with exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite or necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that each of said attorneys-in-fact
and agents, or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="20%">&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>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</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="middle">/s/ THOMAS P. RAIMONDI<BR>
<HR size="1" noshade>
Thomas P. Raimondi, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman, President
and Chief Executive
Officer (Principal
Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ TODD SCHAEFFER<BR>
<HR size="1" noshade>
Todd Schaeffer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chief Financial
Officer and Secretary
(Principal Financial
and Accounting
Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ FRANZ L. CRISTIANI<BR>
<HR size="1" noshade>
Franz L. Cristiani</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ VAL KREIDEL<BR>
<HR size="1" noshade>
Val Kreidel</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ DARCY G. MOTT<BR>
<HR size="1" noshade>
Darcy G. Mott</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ MICHAEL PEHL<BR>
<HR size="1" noshade>
Michael Pehl</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ JOHN REPP<BR>
<HR size="1" noshade>
John Repp</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ KENT D. SMITH<BR>
<HR size="1" noshade>
Kent D. Smith</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>


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


<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="middle">/s/ RALPH J. YARRO, III<BR>
<HR size="1" noshade>
Ralph J. Yarro, III</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 16, 2004</TD>
</TR>

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



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

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

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


<P align="center" style="font-size: 10pt"><B>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="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number</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 align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix&nbsp;C of the Registrant&#146;s definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July&nbsp;15, 2003).</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Stradling Yocca Carlson &#038; Rauth.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Stradling Yocca Carlson &#038; Rauth (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm &#150; Grant Thornton LLP.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm &#150; KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page to the Registration Statement).</TD>
</TR>

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



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

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "a00320sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 29699}]
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sv8
As Filed With the Securities and Exchange Commission on July 16, 2004
Registration No. 333- _____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington. D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
MTI TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
95-3601802
(I.R.S. Employer Identification No.)
14661 Franklin Avenue, Tustin, California 92780
(Address of Principal Executive Offices)
2001 STOCK INCENTIVE PLAN
(Full title of the plan)
Thomas P. Raimondi, Jr.
Chairman, President and Chief Executive Officer
14661 Franklin Avenue
Tustin, California 92780
(Name and address of agent for service)
(714) 481-7800
(Telephone number, including area code, of agent for service)
Copy to:
Nick E. Yocca, Esq.
Stradling Yocca Carlson & Rauth, A Professional Corporation
660 Newport Center Drive, Suite 1600, Newport Beach, California 92660
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of Securities
Amount To Be
Offering Price Per
Aggregate Offering
Amount Of
To Be Registered
Registered (1)(2)
Share (3)
Price (3)
Registration Fee
Common Stock, $.001
par value
1,015,008 shares
$
1.68
$
1,705,213
$
216
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the
"Securities Act"), this Registration Statement includes an indeterminate
number of additional shares which may be offered and issued to prevent
dilution from stock splits, stock dividends or similar transactions as
provided in the Registrant's 2001 Stock Incentive Plan, which includes
shares authorized to be issued pursuant to the awards granted under the
Registrant's 2001 Non-Employee Director Option Program, (the "2001 Plan").
(2)
Represents 1,015,008 additional shares of common stock that are available
for issuance under the 2001 Plan as a result of the automatic "evergreen"
provision contained in the 2001 Plan. An aggregate of 4,000,000 shares of
common stock
1
available for issuance under the 2001 Plan were registered on
Registration Statement on Form S-8 filed on August 3, 2001 (Registration
No. 333-66716). An additional 974,528 shares of common stock available
for issuance under the 2001 Plan were registered on Registration
Statement on Form S-8 filed on January 18, 2002 (Registration No.
333-76972). An additional 987,382 shares of common stock available for
issuance under the 2001 Plan were registered on Registration Statement on
Form S-8 filed on February 10, 2003 (Registration No. 333-103065). An
additional 2,500,000 shares of common stock available for issuance under
the 2001 Plan were registered on Registration Statement on Form S-8 filed
on September 23, 2003 (Registration No. 333-109060).
(3)
Estimated solely for the purpose of calculating the registration fee, in
accordance with Rule 457(h), on the basis of the price of securities of
the same class, as determined in accordance with Rule 457(c), using the
average of the high and low prices reported by the Nasdaq SmallCap Market
for the common stock on July 12, 2004, which was $1.68 per share.
2
Pursuant to General Instruction E to Form S-8 under the Securities Act,
this Registration Statement is filed for the purpose of registering additional
securities of the same class as those registered under the currently effective
Registration Statements on Form S-8 (Registration Nos. 333-66716, 333-76972,
333-103065 and 333-109060), relating to the 2001 Stock Incentive Plan (the
"2001 Plan") of MTI Technology Corporation (the "Registrant"), and the contents
of that Registration Statement, including any amendments thereto or filings
incorporated therein, are incorporated herein by this reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Initially, an aggregate of 4,000,000 shares of common stock were available
for grant or award under the 2001 Plan, and such 4,000,000 shares were
registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on August 3, 2001 (Registration No. 333-66716). On
January 1, 2002, the shares of common stock available for issuance under the
2001 Plan increased by 974,528 shares as a result of the automatic "evergreen"
provision contained in the 2001 Plan, and such increase was registered on the
Registration Statement on Form S-8 filed with the Securities and Exchange
Commission on January 18, 2002 (Registration No. 333-76972). On January 1,
2003, the shares of common stock available for issuance under the 2001 Plan
increased by 987,382 shares as a result of the automatic "evergreen" provision
contained in the 2001 Plan, and such increase was registered on the
Registration Statement on Form S-8 filed with the Securities and Exchange
Commission on February 10, 2003 (Registration No. 333-103065). On June 24,
2003, MTI's Board of Directors approved an increase of 2,500,000 shares of
common stock issuable under the 2001 Plan and on August 21, 2003, MTI's
stockholders approved such increase at MTI's 2003 Annual Meeting of
Stockholders. Such increase was registered on the Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on September 23,
2003 (Registration No. 333-109060). On January 1, 2004, the shares of common
stock available for issuance under the 2001 increased by 1,015,008 shares as a
result of the automatic "evergreen" provision contained in the 2001 Plan. This
Registration Statement on Form S-8 covers such increase of 1,015,008 shares of
common stock, issuable under the 2001 Plan, bringing the total number of shares
authorized thereunder to 9,476,918.
Item 3. Incorporation of Documents by Reference.
There are hereby incorporated by reference into this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission:
(a)
The Registrant's Annual Report on Form 10-K for the fiscal
year ended April 3, 2004, filed on July 1, 2004, as amended on July
15, 2004;
(b)
All other reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), since the end of the fiscal year covered by
the Annual Report referred to in (a) above;
(c)
The description of the Registrant's common stock that is
contained in the Registrant's Registration Statement on Form 8-A
filed under Section 12 of the Exchange Act, including any amendment
or report filed for the purpose of updating that description; and
(d)
All documents subsequently filed by the Registrant 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 of such
securities then remaining unsold, shall be deemed to be incorporated
herein by reference and to be a part hereof from the date of filing
of such documents, except as to any portion of any future annual or
quarterly report to stockholders or document that is not deemed
filed under such provisions. For the purposes of this registration
statement, any statement in a document incorporated by reference
shall be deemed to be modified or superseded to the extent that a
statement contained in this registration statement modifies or
supersedes a statement in such document. Any statement so modified
or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this registration statement.
3
Item 8. Exhibits.
4.1.
MTI Technology Corporation 2001 Stock Incentive Plan
(incorporated by reference to Appendix C of the Registrant's
definitive Proxy Statement for its 2003 Annual Meeting of
Stockholders, filed July 15, 2003).
5.1
Opinion of Stradling Yocca Carlson & Rauth.
23.1
Consent of Stradling Yocca Carlson & Rauth (included in Exhibit 5.1).
23.2
Consent of Independent Registered Public Accounting Firm – Grant Thornton LLP.
23.3
Consent of Independent Registered Public Accounting Firm – KPMG LLP.
24.1
Power of Attorney (included on the signature page to the Registration Statement).
4
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 to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Tustin, State of California, on the 16th day of
July, 2004.
MTI Technology Corporation
By:
/s/ TODD SCHAEFFER
Todd Schaeffer
Chief Financial Officer and Secretary
POWER OF ATTORNEY
We, the undersigned directors and officers of MTI Technology Corporation,
do hereby make, constitute and appoint Thomas P. Raimondi, Jr. and Todd
Schaeffer, and each of them acting individually, our true and lawful
attorneys-in-fact and agents, with power to act without any other and with full
power of substitution, to do any and all acts and things in our name and behalf
in our capacities as directors and officers, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, or any
related Registration Statement that is to be effective upon filing pursuant to
Rule 462(b) under the Securities Act of 1933, as amended, and to file the same,
with exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite or necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that each of said attorneys-in-fact
and agents, or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ THOMAS P. RAIMONDI
Thomas P. Raimondi, Jr.
Chairman, President
and Chief Executive
Officer (Principal
Executive Officer)
July 16, 2004
/s/ TODD SCHAEFFER
Todd Schaeffer
Chief Financial
Officer and Secretary
(Principal Financial
and Accounting
Officer)
July 16, 2004
/s/ FRANZ L. CRISTIANI
Franz L. Cristiani
Director
July 16, 2004
/s/ VAL KREIDEL
Val Kreidel
Director
July 16, 2004
/s/ DARCY G. MOTT
Darcy G. Mott
Director
July 16, 2004
/s/ MICHAEL PEHL
Michael Pehl
Director
July 16, 2004
/s/ JOHN REPP
John Repp
Director
July 16, 2004
/s/ KENT D. SMITH
Kent D. Smith
Director
July 16, 2004
/s/ RALPH J. YARRO, III
Ralph J. Yarro, III
Director
July 16, 2004
5
EXHIBIT INDEX
Exhibit
Number
Description
4.1
MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix C of the Registrant's definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July 15, 2003).
5.1
Opinion of Stradling Yocca Carlson & Rauth.
23.1
Consent of Stradling Yocca Carlson & Rauth (included in Exhibit 5.1).
23.2
Consent of Independent Registered Public Accounting Firm – Grant Thornton LLP.
23.3
Consent of Independent Registered Public Accounting Firm – KPMG LLP.
24.1
Power of Attorney (included on the signature page to the Registration Statement).
6