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<P>As filed with the Securities and Exchange Commission on July 24, 2000.


<P align="right">Registration No.&nbsp;333 -

<HR size="4" noshade>





<P align="center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B><BR>
____________________________



<P align="center"><B>FORM S-8</B><BR>
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933<BR>
____________________________



<P align="center"><B>HYPERTENSION DIAGNOSTICS, INC.</B><BR>
(Exact name of registrant as specified in its charter)


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%" align="center">
<TR valign="bottom">
        <TD width="50%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2"><B>Minnesota</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
        <TD></TD>
        <TD  align="center" valign="top"><FONT size="2">
<B>41-1618036</B><BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><B>2915 Waters Road, Suite&nbsp;108<BR>
Eagan, Minnesota 55121-1562</B><BR>
(Address of Principal Executive Offices and Zip Code)<BR>
____________________________


<P align="center"><B>HYPERTENSION DIAGNOSTICS, INC.<BR>
1995 LONG-TERM INCENTIVE AND STOCK OPTION PLAN<BR>
and<BR>
HYPERTENSION DIAGNOSTICS, INC.<BR>
1998 STOCK OPTION PLAN</B>


<P align="center">(Full title of the Plans)<BR>
____________________________



<P align="center">Greg H. Guettler<BR>
President<BR>
Hypertension Diagnostics, Inc.<BR>
2915 Waters Road, Suite&nbsp;108<BR>
Eagan, Minnesota 55121-1562<BR>
(651)&nbsp;687-9999<BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)



<P align="center">Copy to:<BR>
Girard P. Miller, Esq.<BR>
Lindquist &#38; Vennum P.L.L.P.<BR>
4200 IDS Center<BR>
80 South 8th Street<BR>
Minneapolis, Minnesota 55402<BR>
Telephone: (612)&nbsp;371-3211<BR>
Facsimile: (612)&nbsp;371-3207<BR>
____________________________


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

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="31%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Proposed</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>Title of</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Maximum</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>Securities</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Amount</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Aggregate</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>to be</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>to be</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Price</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Offering</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2"><B>Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Registered</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Per Share(1)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Price(1)</B></FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2"><B>Fee</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1"></TD>
        <TD></TD>
        <TD colspan="3"><HR size="1"></TD>
        <TD></TD>
        <TD colspan="3"><HR size="1"></TD>
        <TD></TD>
        <TD colspan="3"><HR size="1"></TD>
        <TD></TD>
        <TD colspan="3"><HR size="1"></TD>
</TR>

<TR valign="bottom">
        <TD><FONT size="2">Common Stock,</FONT></TD>
        <TD></TD>
        <TD nowrap align="center" colspan="3"><FONT size="2">1,150,000 shares (2)</FONT></TD>
        <TD></TD>

<TD align="right"><FONT size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.84</FONT></TD>
      <TD align="right"><FONT size="2"></FONT></TD>
        <TD></TD>
        <TD></TD>

<TD align="right"><FONT size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,866,000</FONT></TD>
        <TD align="right"><FONT size="2"></FONT></TD>
        <TD></TD>
        <TD></TD>

<TD align="right"><FONT size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,076.62</FONT></TD>
        <TD align="right"><FONT size="2"></FONT></TD>
        <TD></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD><FONT size="2">$.01 par value</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left">(1)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Estimated solely for the purpose of determining the registration
fee pursuant to Rule&nbsp;457(c) and (h)&nbsp;and based upon the average of
the closing bid and asked prices of the Company&#146;s Common Stock on July 19,
2000 as reported on The Nasdaq SmallCap Market.</TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left">(2)</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">Includes 400,000 shares offered pursuant to the 1995 Long-Term
Incentive and Stock Option Plan (the &#147;1995 Plan&#148;), and 750,000
shares offered pursuant to the 1998 Stock Option Plan (the &#147;1998
Plan&#148;).</TD>
</TR>
</TABLE>
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<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="ex4-1.htm">1995 Long-Term Incentive and Stock Option Plan</A></TD></TR>
<TR><TD colspan="9"><A HREF="ex4-2.htm">1998 Stock Option Plan</A></TD></TR>
<TR><TD colspan="9"><A HREF="ex5-1.htm">Opinion and consent of Lindquist & Vennum P.L.L.P</A></TD></TR>
<TR><TD colspan="9"><A HREF="ex23-2.htm">Consent of Ernst & Young LLP</A></TD></TR>
</TABLE>
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<P align="left"><B>PART I</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Part I of Form&nbsp;S-8, the information required by Items 1 and 2
of Form&nbsp;S-8 is not filed as a part of this Registration Statement.

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


<P><U>Item&nbsp;3. Incorporation of Documents by Reference.</U>


<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission
are hereby incorporated by reference:

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The Company&#146;s Annual Report on Form&nbsp;10-KSB for the fiscal year ended
June&nbsp;30, 1999;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The Company&#146;s Quarterly Reports on Form&nbsp;10-QSB for the quarters ended
September&nbsp;30, 1999, December&nbsp;31, 1999 and March&nbsp;31, 2000;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;The Company&#146;s 1999 Definitive Proxy Statement on Schedule&nbsp;14A;

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The Company&#146;s Current Report on Form&nbsp;8-K filed with the SEC to report
the resignation, effective April&nbsp;21, 2000, of Dennis L. Sellke as a director of
the Company; and

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;The Company&#146;s Post-Effective Amendment No.&nbsp;1 to its Registration
Statement on Form&nbsp;SB-2.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
offered have been sold or which registers all securities then remaining unsold,
shall be deemed to be incorporated by reference in this Registration Statement
and to be a part hereof from the date of filing such documents.

<P align="center">1
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<P align="left"><B><U>Item&nbsp;4. Description of Securities.</U></B>

<P>Not applicable.

<P align="left"><B><U>Item&nbsp;5. Interests of Named Experts and Counsel.</U></B>

<P>Not applicable.

<P align="left"><B><U>Item&nbsp;6. Indemnification of Directors and Officers.</U></B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws provide that the Company indemnify its officers,
directors and employees in accordance with, and to the fullest extent permitted
by, Minnesota law.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;302A.521 of the Minnesota Business Corporation Act provides that a
corporation shall indemnify any person made or threatened to be made a party to
a proceeding by reason of acts or omissions performed in their official
capacity as an officer, director, employee or agent of the corporation against
judgments, penalties, fines, including without limitation, excise taxes
assessed against such person with respect to an employee benefit plan,
settlements, and reasonable expenses, including attorneys&#146; fees and
disbursements, incurred by such person in connection with the proceeding if,
with respect to the acts or omissions of such person complained of in the
proceeding, such person (i)&nbsp;has not been indemnified by another organization or
employee benefit plan for the same expenses with respect to the same acts or
omissions; (ii)&nbsp;acted in good faith; (iii)&nbsp;received no improper personal
benefit and Minnesota Statutes, Section&nbsp;302A.255 (regarding conflicts of
interest), if applicable, has been satisfied; (iv)&nbsp;in the case of a criminal
proceeding, has no reasonable cause to believe the conduct was unlawful; and
(v)&nbsp;in the case of acts or omissions by persons in their official capacity for
the corporation, reasonably believed that the conduct was in the best interests
of the corporation, or in the case of acts or omissions by persons in their
capacity for other organizations, reasonably believed that the conduct was not
opposed to the best interests of the corporation. In addition, Section
302A.521, subd. 3, of the Minnesota Statutes requires payment or reimbursement
by the corporation, upon written request, of reasonable expenses (including
attorneys&#146; fees) incurred by a person in advance of the final disposition of a
proceeding in certain instances if a decision as to required indemnification is
made by a disinterested majority of the Board of Directors present at a meeting
at which a disinterested quorum is present, or by a designated committee of the
Board, by special legal counsel, by the shareholders or by a court.

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

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<P align="left"><B><U>Item&nbsp;8. Exhibits.</U></B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibit</U>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">4.1</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Hypertension Diagnostics, Inc. 1995 Long-Term Incentive and Stock Option Plan.</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">4.2</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Hypertension Diagnostics, Inc. 1998 Stock Option Plan.</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">5.1</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Opinion and consent of Lindquist &#38; Vennum P.L.L.P.</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">23.1</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Consent of Lindquist &#38; Vennum P.L.L.P. (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">23.2</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Consent of Ernst &#38; Young LLP, independent auditors of Hypertension Diagnostics, Inc.</TD>
</TR>
<TR>
        <TD>&nbsp;</TD>
</TR>
<TR valign="top">
        <TD width="3%">&nbsp;</TD>
        <TD width="1%" align="left">24.1</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="93%"> Power of Attorney (included on signature page)</TD>
</TR>
</TABLE>
<P align="center">2
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<P align="left"><B><U>Item&nbsp;9. Undertakings.</U></B>

<P>(a)&nbsp;The undersigned registrant hereby undertakes:

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="2%" align="left">&nbsp;</TD>
        <TD width="98%">To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material
change to such information in the registration statement;</TD>
</TR>
</TABLE>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.

<P>(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

<P>(h)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers, and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer, or controlling person of the
registrant in the successful defense of any action, suit, or proceeding) is
asserted by such director, officer, or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by
it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.

<P align="center">3
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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><B>SIGNATURES</B>

<P>&nbsp;&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&nbsp;S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Eagan, State of Minnesota, on
July 24, 2000.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="50%">&nbsp;</TD>
        <TD width="50%"><FONT size="3"><B>HYPERTENSION DIAGNOSTICS, INC.</B></Font></TD>
</TR>
</TABLE>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="50%">&nbsp;</TD>
        <TD width="50%"><FONT size="3">By /s/ Greg H. Guettler<BR></font>
<B><HR noshade size="1">Greg H. Guettler, President</B><BR>
<I>(Principal executive officer)</I></TD>
</TR>
</TABLE>


<P align="left"><B>POWER OF ATTORNEY</B>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned officers and/or directors of Hypertension Diagnostics,
Inc. hereby constitute and appoint James S. Murphy and Greg H. Guettler, or
either of them, with power to act one without the other, our true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for us and in our stead, in any and all capacities to sign any
and all amendments (including post-effective amendments) to this Registration
Statement and all documents relating thereto, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, full power and authority to do and perform each and every act and thing
necessary or advisable to be done in and about the premises, as fully to all
intents and purposes as they might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below on the 24 day of July&nbsp;2000, by
the following persons in the capacities indicated.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" align="center">
<TR valign="bottom">
        <TD width="46%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="51%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><U>Signature</U></TD>
        <TD></TD>
        <TD  align="left" valign="top">
<U>Title</U></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ Kenneth W. Brimmer<BR>
<HR noshade size="1">Kenneth W. Brimmer</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Chairman of the Board of Directors</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ Greg H. Guettler<BR>
<HR noshade size="1">Greg H. Guettler</TD>
        <TD></TD>
        <TD  align="left" valign="top">
President and Director<BR>
<I>(Principal executive officer)</I></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ Charles F. Chesney<BR>
<HR noshade size="1">Charles F. Chesney, D.V.M., Ph.D., R.A.C</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Executive Vice President,Chief Technology Officer,<BR>
Secretary and Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ James S. Murphy<BR>
<HR noshade size="1">James S. Murphy</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Senior Vice President, Finance and Administration,<BR>
and Chief Financial Officer<BR>
<I>(Principal financial officer)</I></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ Jay N. Cohn<BR>
<HR noshade size="1">Jay N. Cohn, M.D.</TD>
        <TD></TD>
        <TD  align="left" valign="top">
Director</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
        <TD valign="top">/s/ Melville R. Bois<BR>
<HR noshade size="1">Melville R. Bois</TD>
        <TD></TD>
        <TD  align="left" valign="top">Director</TD>
</TR>
</TABLE>
</CENTER>
<P align="center">4
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</HTML>
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{"company-data": {"conformed-name": "HYPERTENSION DIAGNOSTICS INC /MN", "cik": "0001058828", "assigned-sic": "3841", "irs-number": "411618036", "state-of-incorporation": "MN", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-42114", "film-number": "677855"}, "business-address": {"street1": "2915 WATERS ROAD SUITE 108", "street2": "612-687-9999", "city": "EAGAN", "state": "MN", "zip": "55121-1562", "phone": "6126879999"}}
s-8
Table of Contents
As filed with the Securities and Exchange Commission on July 24, 2000.
Registration No. 333 -
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
____________________________
HYPERTENSION DIAGNOSTICS, INC.
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of
incorporation or organization)
41-1618036
(I.R.S. Employer
Identification No.)
2915 Waters Road, Suite 108
Eagan, Minnesota 55121-1562
(Address of Principal Executive Offices and Zip Code)
____________________________
HYPERTENSION DIAGNOSTICS, INC.
1995 LONG-TERM INCENTIVE AND STOCK OPTION PLAN
and
HYPERTENSION DIAGNOSTICS, INC.
1998 STOCK OPTION PLAN
(Full title of the Plans)
____________________________
Greg H. Guettler
President
Hypertension Diagnostics, Inc.
2915 Waters Road, Suite 108
Eagan, Minnesota 55121-1562
(651) 687-9999
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copy to:
Girard P. Miller, Esq.
Lindquist & Vennum P.L.L.P.
4200 IDS Center
80 South 8th Street
Minneapolis, Minnesota 55402
Telephone: (612) 371-3211
Facsimile: (612) 371-3207
____________________________
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title of
Maximum
Maximum
Securities
Amount
Offering
Aggregate
to be
to be
Price
Offering
Registration
Registered
Registered
Per Share(1)
Price(1)
Fee
Common Stock,
1,150,000 shares (2)
$         6.84
$         7,866,000
$         2,076.62
$.01 par value
(1)
Estimated solely for the purpose of determining the registration
fee pursuant to Rule 457(c) and (h) and based upon the average of
the closing bid and asked prices of the Company's Common Stock on July 19,
2000 as reported on The Nasdaq SmallCap Market.
(2)
Includes 400,000 shares offered pursuant to the 1995 Long-Term
Incentive and Stock Option Plan (the "1995 Plan"), and 750,000
shares offered pursuant to the 1998 Stock Option Plan (the "1998
Plan").
TABLE OF CONTENTS
SIGNATURES
1995 Long-Term Incentive and Stock Option Plan
1998 Stock Option Plan
Opinion and consent of Lindquist & Vennum P.L.L.P
Consent of Ernst & Young LLP
PART I
Pursuant to Part I of Form S-8, the information required by Items 1 and 2
of Form S-8 is not filed as a part of this Registration Statement.
PART II
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange Commission
are hereby incorporated by reference:
1. The Company's Annual Report on Form 10-KSB for the fiscal year ended
June 30, 1999;
2. The Company's Quarterly Reports on Form 10-QSB for the quarters ended
September 30, 1999, December 31, 1999 and March 31, 2000;
3. The Company's 1999 Definitive Proxy Statement on Schedule 14A;
4. The Company's Current Report on Form 8-K filed with the SEC to report
the resignation, effective April 21, 2000, of Dennis L. Sellke as a director of
the Company; and
5. The Company's Post-Effective Amendment No. 1 to its Registration
Statement on Form SB-2.
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
offered have been sold or which registers all securities then remaining unsold,
shall be deemed to be incorporated by reference in this Registration Statement
and to be a part hereof from the date of filing such documents.
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Table of Contents
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Company's Bylaws provide that the Company indemnify its officers,
directors and employees in accordance with, and to the fullest extent permitted
by, Minnesota law.
Section 302A.521 of the Minnesota Business Corporation Act provides that a
corporation shall indemnify any person made or threatened to be made a party to
a proceeding by reason of acts or omissions performed in their official
capacity as an officer, director, employee or agent of the corporation against
judgments, penalties, fines, including without limitation, excise taxes
assessed against such person with respect to an employee benefit plan,
settlements, and reasonable expenses, including attorneys' fees and
disbursements, incurred by such person in connection with the proceeding if,
with respect to the acts or omissions of such person complained of in the
proceeding, such person (i) has not been indemnified by another organization or
employee benefit plan for the same expenses with respect to the same acts or
omissions; (ii) acted in good faith; (iii) received no improper personal
benefit and Minnesota Statutes, Section 302A.255 (regarding conflicts of
interest), if applicable, has been satisfied; (iv) in the case of a criminal
proceeding, has no reasonable cause to believe the conduct was unlawful; and
(v) in the case of acts or omissions by persons in their official capacity for
the corporation, reasonably believed that the conduct was in the best interests
of the corporation, or in the case of acts or omissions by persons in their
capacity for other organizations, reasonably believed that the conduct was not
opposed to the best interests of the corporation. In addition, Section
302A.521, subd. 3, of the Minnesota Statutes requires payment or reimbursement
by the corporation, upon written request, of reasonable expenses (including
attorneys' fees) incurred by a person in advance of the final disposition of a
proceeding in certain instances if a decision as to required indemnification is
made by a disinterested majority of the Board of Directors present at a meeting
at which a disinterested quorum is present, or by a designated committee of the
Board, by special legal counsel, by the shareholders or by a court.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
4.1
Hypertension Diagnostics, Inc. 1995 Long-Term Incentive and Stock Option Plan.
4.2
Hypertension Diagnostics, Inc. 1998 Stock Option Plan.
5.1
Opinion and consent of Lindquist & Vennum P.L.L.P.
23.1
Consent of Lindquist & Vennum P.L.L.P. (included in Exhibit 5.1)
23.2
Consent of Ernst & Young LLP, independent auditors of Hypertension Diagnostics, Inc.
24.1
Power of Attorney (included on signature page)
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Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material
change to such information in the registration statement;
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(h) Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers, and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer, or controlling person of the
registrant in the successful defense of any action, suit, or proceeding) is
asserted by such director, officer, or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by
it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
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Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Eagan, State of Minnesota, on
July 24, 2000.
HYPERTENSION DIAGNOSTICS, INC.
By /s/ Greg H. Guettler
Greg H. Guettler, President
(Principal executive officer)
POWER OF ATTORNEY
The undersigned officers and/or directors of Hypertension Diagnostics,
Inc. hereby constitute and appoint James S. Murphy and Greg H. Guettler, or
either of them, with power to act one without the other, our true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for us and in our stead, in any and all capacities to sign any
and all amendments (including post-effective amendments) to this Registration
Statement and all documents relating thereto, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, full power and authority to do and perform each and every act and thing
necessary or advisable to be done in and about the premises, as fully to all
intents and purposes as they might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or their substitutes,
may lawfully 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 on the 24 day of July 2000, by
the following persons in the capacities indicated.
Signature
Title
/s/ Kenneth W. Brimmer
Kenneth W. Brimmer
Chairman of the Board of Directors
/s/ Greg H. Guettler
Greg H. Guettler
President and Director
(Principal executive officer)
/s/ Charles F. Chesney
Charles F. Chesney, D.V.M., Ph.D., R.A.C
Executive Vice President,Chief Technology Officer,
Secretary and Director
/s/ James S. Murphy
James S. Murphy
Senior Vice President, Finance and Administration,
and Chief Financial Officer
(Principal financial officer)
/s/ Jay N. Cohn
Jay N. Cohn, M.D.
Director
/s/ Melville R. Bois
Melville R. Bois
Director
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