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<TITLE>AMBASSADORS INTERNATIONAL, INC.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

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    <TD width="44%">&nbsp;</TD>
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    <TD valign="top"><FONT size="2">As filed with the Securities
Exchange Commission on April&nbsp;3, 2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Registration No.&nbsp;333-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
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<P align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
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<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
</FONT>
</DIV>

<P align="center"><FONT size="5">FORM S-8
</FONT>

<P align="center"><FONT size="3">REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933
</FONT>

<P align="center"><FONT size="6"><B>AMBASSADORS INTERNATIONAL, INC.</B>
</FONT>

<DIV align="center"><FONT size="2">(Exact Name of Registrant as Specified in its Charter)
</FONT>
</DIV>

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    <TD valign="top" align="center"><FONT size="2">Delaware</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
91-1688605</FONT></TD>
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<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">(State or other Jurisdiction of Incorporation or Organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(I.R.S. Employer Identification No.)</FONT></TD>
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<P align="center"><FONT size="2">1071 Camelback Street<BR>
Newport Beach, California 92660<BR>
(949)&nbsp;759-5900
</FONT>

<P align="center"><FONT size="2">(Address, Including Zip Code, and<BR>
Telephone Number, Including Area Code,<BR>
of Registrant&#146;s Principal Executive Offices)
</FONT>

<P align="center"><FONT size="2">AMENDED AND RESTATED 1995 EQUITY PARTICIPATION PLAN
</FONT>

<P align="center"><FONT size="2">(Full Title of the Plan)
</FONT>

<P align="center"><FONT size="2">John A. Ueberroth<BR>
Chief Executive Officer and President<BR>
1071 Camelback Street<BR>
Newport Beach, California 92660<BR>
(949)&nbsp;759-5900
</FONT>

<P align="center"><FONT size="2">(Name, Address, Including Zip Code and<BR>
Telephone Number, Including Area Code,<BR>
of Agent for Service)
</FONT>

<P align="center"><FONT size="2">Copies to:<BR>
Gerald M. Chizever, Esq.<BR>
Donald G. Johnson, Jr., Esq.<BR>
Richman, Mann, Chizever, Phillips &#038; Duboff<BR>
9601 Wilshire Boulevard, Penthouse<BR>
Beverly Hills, California 90210<BR>
(310)&nbsp;274-8300<BR>
(310)&nbsp;274-2831 (fax)
</FONT>

<P align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE
</FONT>

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    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
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    <TD nowrap align="center"><FONT size="1"><B>Title of Each Class</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>of Securities to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price per</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate Offering</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>Registered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Share (2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Price (2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration Fee (3)</B></FONT></TD>
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    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
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    <TD valign="top"><FONT size="2">Common Stock</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
800,000</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">8.50</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">6,800,000</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">550.12</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
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    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Plus such indeterminate number of additional shares of Common Stock as may
be required in the event of a stock dividend, reverse stock split or
combination of shares, recapitalization or other change in the Company&#146;s
capital stock.</FONT></TD>
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<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Estimated solely to determine the registration fee. Based on the average
of the high and low sales prices per share of Common Stock of the Company with
respect to shares of Common Stock remaining to be granted under the Plan.</FONT></TD>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Calculated pursuant to Rule&nbsp;457(a) and Rule&nbsp;457(c), based upon the average
of the high and low prices of the Common Stock on the Nasdaq National Market on
March&nbsp;13, 2003, which was $8.50.</FONT></TD>
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">INTRODUCTION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">INCORPORATION BY REFERENCE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">POWER OF ATTORNEY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a88977exv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a88977exv23w2.txt">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="a88977exv23w3.txt">EXHIBIT 23.3</A></TD></TR>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "INTRODUCTION" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>INTRODUCTION</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form&nbsp;S-8 is filed by Ambassadors
International, Inc., a Delaware corporation (the &#147;Company&#148; or the
&#147;Registrant&#148;), relating to 800,000 shares of its Common Stock, par value $.01
per share (the &#147;Common Stock&#148;), issuable to eligible employees of the Company
and its subsidiaries under the Ambassadors International, Inc. Amended and
Restated 1995 Equity Participation Plan (the &#147;Plan&#148;). Registrant has
previously filed two registration statements on Form&nbsp;S-8 with respect to the
Common Stock issuable under the Plan, one filed with the Securities and
Exchange Commission on October&nbsp;4, 1996, File No.&nbsp;333-13405, pursuant to which
Registrant registered 600,000 shares of Common Stock, and one filed with the
Securities and Exchange Commission on June&nbsp;18, 1999, File No.&nbsp;333-81023,
pursuant to which Registrant registered 800,000 shares of Common Stock. The
number of shares of Common Stock issuable under the Plan has been increased
from 1,400,000 shares to 2,200,000 shares, and Registrant is filing this
Registration Statement for the registration of the additional 800,000 shares.
</FONT>
<!-- link1 "INCORPORATION BY REFERENCE" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>INCORPORATION BY REFERENCE</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant hereby incorporates by reference its Registration Statement on
Form&nbsp;S-8 filed with the Securities and Exchange Commission on June&nbsp;18, 1999,
Registration No.&nbsp;333-81023.
</FONT>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">&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 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 Newport Beach, California, as of April&nbsp;1, 2003.
</FONT>
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<TD>&nbsp;</td>
    <TD valign="top"><FONT size="2">AMBASSADORS INTERNATIONAL, INC</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
<TD>&nbsp;</td>
    <TD valign="top"><FONT size="2">By:   /s/ John A. Ueberroth</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
<TD>&nbsp;</td>
<TD><FONT size="2">   <HR align="left" size="1" width="100%" noshade>
John A. Ueberroth,<BR>
President and Chief Executive Officer</font></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "POWER OF ATTORNEY" -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned hereby constitutes and appoints Messrs.&nbsp;John A.
Ueberroth and Timothy T. Fogarty, and each of them, as his or her
attorneys-in-fact and agents, with full power of substitution and
resubstitution for him or her in any and all capacities, to sign any and all
amendments or post-effective amendments to this Registration Statement, and to
file the same, with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto each of
such attorneys-in-fact and agents full power and authority to do and perform
each and every act and thing requisite and necessary in connection with such
matters and hereby ratifying and confirming all that each of such
attorneys-in-fact and agents or his substitutes may do or cause to be done by
virtue hereof.
</FONT>
<P align="left"><FONT size="2">&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 in the
capacities indicated.
</FONT>
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    <TD width="10%">&nbsp;</TD>
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    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>April 1,2003</B></FONT></TD>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
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<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ John A. Ueberroth<HR align="left" size="1" width="100%" noshade>
John A. Ueberroth</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
President and Chief Executive Officer<BR>(Principal Executive Officer) and<BR>
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" nowrap valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Peter V.Ueberroth<BR>
<HR align="left" size="1" width="100%" noshade>
Peter V.Ueberroth</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chairman of the Board of Directors
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Timothy T. Fogarty<BR>
<HR align="left" size="1" width="100%" noshade>
Timothy T. Fogarty</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chief Financial Officer<BR>
(Principal Financial and Accounting<BR>
Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ James L.Easton<BR>
<HR align="left" size="1" width="100%" noshade>
James L. Easton</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Rafer L.Johnson<BR>
<HR align="left" size="1" width="100%" noshade>
Rafer L. Johnson</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ John C.Spence<BR>
<HR align="left" size="1" width="100%" noshade>
John C. Spence</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Richard D.C.Whilden<BR>
<HR align="left" size="1" width="100%" noshade>
Richard D.C. Whilden</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Brigitte M.Bren<BR>
<HR align="left" size="1" width="100%" noshade>
Brigitte M. Bren</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Joseph J.Ueberroth<BR>
<HR align="left" size="1" width="100%" noshade>
Joseph J. Ueberroth</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">April 1, 2003</FONT></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
</FONT>

<CENTER>
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    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
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    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Exhibit Description</B></FONT></TD>
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    <TD valign="top"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Legal Opinion of Richman, Mann, Chizever, Phillips &#038; Duboff</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Richman, Mann, Chizever, Phillips &#038; Duboff (contained in Exhibit&nbsp;5.1)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of PricewaterhouseCoopers LLP (independent accountants)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP (independent auditors)</FONT></TD>
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    <TD valign="top"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (contained on signature page hereto)</FONT></TD>
</TR>
</TABLE>
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AMBASSADORS INTERNATIONAL, INC.
Table of Contents
As filed with the Securities
Exchange Commission on April 3, 2003
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
AMBASSADORS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
91-1688605
(State or other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification No.)
1071 Camelback Street
Newport Beach, California 92660
(949) 759-5900
(Address, Including Zip Code, and
Telephone Number, Including Area Code,
of Registrant's Principal Executive Offices)
AMENDED AND RESTATED 1995 EQUITY PARTICIPATION PLAN
(Full Title of the Plan)
John A. Ueberroth
Chief Executive Officer and President
1071 Camelback Street
Newport Beach, California 92660
(949) 759-5900
(Name, Address, Including Zip Code and
Telephone Number, Including Area Code,
of Agent for Service)
Copies to:
Gerald M. Chizever, Esq.
Donald G. Johnson, Jr., Esq.
Richman, Mann, Chizever, Phillips & Duboff
9601 Wilshire Boulevard, Penthouse
Beverly Hills, California 90210
(310) 274-8300
(310) 274-2831 (fax)
CALCULATION OF REGISTRATION FEE
Title of Each Class
Proposed Maximum
Proposed Maximum
of Securities to be
Amount to be
Offering Price per
Aggregate Offering
Amount of
Registered
Registered (1)
Share (2)
Price (2)
Registration Fee (3)
Common Stock
800,000
$
8.50
$
6,800,000
$
550.12
(1)
Plus such indeterminate number of additional shares of Common Stock as may
be required in the event of a stock dividend, reverse stock split or
combination of shares, recapitalization or other change in the Company's
capital stock.
(2)
Estimated solely to determine the registration fee. Based on the average
of the high and low sales prices per share of Common Stock of the Company with
respect to shares of Common Stock remaining to be granted under the Plan.
(3)
Calculated pursuant to Rule 457(a) and Rule 457(c), based upon the average
of the high and low prices of the Common Stock on the Nasdaq National Market on
March 13, 2003, which was $8.50.
TABLE OF CONTENTS
INTRODUCTION
INCORPORATION BY REFERENCE
SIGNATURES
POWER OF ATTORNEY
EXHIBIT INDEX
EXHIBIT 5.1
EXHIBIT 23.2
EXHIBIT 23.3
Table of Contents
INTRODUCTION
This Registration Statement on Form S-8 is filed by Ambassadors
International, Inc., a Delaware corporation (the "Company" or the
"Registrant"), relating to 800,000 shares of its Common Stock, par value $.01
per share (the "Common Stock"), issuable to eligible employees of the Company
and its subsidiaries under the Ambassadors International, Inc. Amended and
Restated 1995 Equity Participation Plan (the "Plan"). Registrant has
previously filed two registration statements on Form S-8 with respect to the
Common Stock issuable under the Plan, one filed with the Securities and
Exchange Commission on October 4, 1996, File No. 333-13405, pursuant to which
Registrant registered 600,000 shares of Common Stock, and one filed with the
Securities and Exchange Commission on June 18, 1999, File No. 333-81023,
pursuant to which Registrant registered 800,000 shares of Common Stock. The
number of shares of Common Stock issuable under the Plan has been increased
from 1,400,000 shares to 2,200,000 shares, and Registrant is filing this
Registration Statement for the registration of the additional 800,000 shares.
INCORPORATION BY REFERENCE
Registrant hereby incorporates by reference its Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on June 18, 1999,
Registration No. 333-81023.
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 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 Newport Beach, California, as of April 1, 2003.
AMBASSADORS INTERNATIONAL, INC
By:   /s/ John A. Ueberroth
John A. Ueberroth,
President and Chief Executive Officer
Table of Contents
POWER OF ATTORNEY
Each of the undersigned hereby constitutes and appoints Messrs. John A.
Ueberroth and Timothy T. Fogarty, and each of them, as his or her
attorneys-in-fact and agents, with full power of substitution and
resubstitution for him or her in any and all capacities, to sign any and all
amendments or post-effective amendments to this Registration Statement, and to
file the same, with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto each of
such attorneys-in-fact and agents full power and authority to do and perform
each and every act and thing requisite and necessary in connection with such
matters and hereby ratifying and confirming all that each of such
attorneys-in-fact and agents or his substitutes may do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated.
Signature
Title
April 1,2003
/s/ John A. Ueberroth
John A. Ueberroth
President and Chief Executive Officer
(Principal Executive Officer) and
Director
April 1, 2003
/s/ Peter V.Ueberroth
Peter V.Ueberroth
Chairman of the Board of Directors
April 1, 2003
/s/ Timothy T. Fogarty
Timothy T. Fogarty
Chief Financial Officer
(Principal Financial and Accounting
Officer)
April 1, 2003
/s/ James L.Easton
James L. Easton
Director
April 1, 2003
/s/ Rafer L.Johnson
Rafer L. Johnson
Director
April 1, 2003
/s/ John C.Spence
John C. Spence
Director
April 1, 2003
/s/ Richard D.C.Whilden
Richard D.C. Whilden
Director
April 1, 2003
/s/ Brigitte M.Bren
Brigitte M. Bren
Director
April 1, 2003
/s/ Joseph J.Ueberroth
Joseph J. Ueberroth
Director
April 1, 2003
Table of Contents
EXHIBIT INDEX
Exhibit
Number
Exhibit Description
5.1
Legal Opinion of Richman, Mann, Chizever, Phillips & Duboff
23.1
Consent of Richman, Mann, Chizever, Phillips & Duboff (contained in Exhibit 5.1)
23.2
Consent of PricewaterhouseCoopers LLP (independent accountants)
23.3
Consent of Ernst & Young LLP (independent auditors)
24.1
Power of Attorney (contained on signature page hereto)