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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>As filed with the Securities and Exchange Commission on July&nbsp;28, 2011</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 65%"><B>Registration Statement No.&nbsp;333-___</B><BR>&nbsp;

</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

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

<DIV align="center" style="font-size: 18pt; margin-top: 10pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 10pt"><B>SAFEGUARD SCIENTIFICS, INC.</B>
</DIV>

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Pennsylvania</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>23-1609753</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>435 Devon Park Drive, Building 800, Wayne, PA 19087-1945</B><BR>
(Address of principal executive offices, including zip code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Employment Inducement Awards<BR>
Consisting of Non-Qualified Stock Options<BR>
Granted to Philip Moyer</B><BR>
(Full title of the plan)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Brian J. Sisko<BR>
Senior Vice President and General Counsel<BR>
Safeguard Scientifics, Inc.<BR>
435 Devon Park Drive, Building 800<BR>
Wayne, PA 19087-1945</B><BR>
(Name and Address of Agent for Service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>(610)&nbsp;293-0600</B><BR>
(Telephone Number of Agent for Service)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definition of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
(Check one):
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">Large accelerated filer <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Accelerated filer <FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Non-accelerated filer <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top" nowrap>Smaller reporting company <FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left"><B>Title of Each Class of Securities</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount to Be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left"><B>to Be Registered</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Per Share</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Price</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Fee</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, $.10 per share</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">85,000</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$18.775</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$1,595,875.00</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$185.28</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, this registration statement also
registers such additional shares as may hereinafter be offered or issued to prevent dilution
resulting from stock splits, stock dividends, recapitalizations or certain other capital
adjustments.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Calculated in accordance with Rule 457(h) under the Securities Act of 1933, based upon the
$18.775 exercise price of the stock options.</TD>
</TR>

</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






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

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;3.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Incorporation of Documents by Reference</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The following documents, as filed by Safeguard Scientifics, Inc. (the &#147;Registrant&#148;), with the
Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated by reference in this
registration statement:
</DIV>

<DIV style="margin-top: 10pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December
31, 2010.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Quarterly Reports on Form 10-Q for the quarterly periods ended
March&nbsp;31, 2011, and June&nbsp;30, 2011.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Current Reports on Form 8-K filed with the Commission January
4, 2011, May&nbsp;18, 2011 (excluding Item&nbsp;7.01 and Exhibit&nbsp;99.1 of Item&nbsp;9.01), May&nbsp;27,
2011, June&nbsp;22, 2011, and June&nbsp;28, 2011(excluding Items 7.01 and 9.01).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the common stock contained on Forms 8-A as have been filed
with the SEC and amended from time to time.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">All documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the
Exchange Act after the date of this registration statement and prior to the filing of a
post-effective amendment that indicates that all securities offered hereby have been sold or that
deregisters 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 of each such
document. Unless expressly incorporated into this registration statement, a report furnished but
not filed on Form 8-K shall not be incorporated by reference into this Registration Statement to
the extent furnished but not filed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Any statement contained in a document incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes hereof to the extent that a statement
contained herein (or in any other subsequently filed document that also is, or is deemed to be,
incorporated by reference herein) modifies or supersedes such statement. Any statement contained
in a document that is deemed to be incorporated by reference or deemed to be a part hereof after
the most recent effective date may modify or replace existing statements contained herein. Any
such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"><U>Experts</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The consolidated financial statements of Safeguard Scientifics, Inc. and subsidiaries as of
December&nbsp;31, 2010 and 2009, and for each of the years in the three-year period ended December&nbsp;31,
2010, and management&#146;s assessment of the effectiveness of internal control over financial reporting
as of December&nbsp;31, 2010, have been incorporated by reference herein in reliance upon the reports of
KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon
the authority of said firm as experts in accounting and auditing.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;4.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Description of Securities</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Not Applicable.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;5.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Interests of Named Experts and Counsel</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Not Applicable
</DIV>


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

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">



<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;6.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Indemnification of Directors and Officers</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Chapter&nbsp;17, Subchapter D of the Pennsylvania Business Corporation Law of 1988, as amended (the
&#147;PBCL&#148;), contains provisions permitting indemnification of officers and directors of a business
corporation incorporated in
Pennsylvania. Sections&nbsp;1741 and 1742 of the PBCL provide that a business corporation may indemnify
directors and officers against liabilities and expenses they may incur as such in connection with
any threatened, pending or completed civil, administrative or investigative proceeding, provided
that the particular person acted in good faith and in a manner he or she reasonably believed to be
in, or not opposed to, the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. In general, the
power to indemnify under these sections does not exist in the case of actions against a director or
officer by or in the right of the corporation if the person otherwise entitled to indemnification
shall have been adjudged to be liable to the corporation unless it is judicially determined that,
despite the adjudication of liability but in view of all the circumstances of the case, the person
is fairly and reasonably entitled to indemnification for specified expenses. Section&nbsp;1743 of the
PBCL provides that the corporation is required to indemnify directors and officers against expenses
they may incur in defending actions against them in such capacities if they are successful on the
merits or otherwise in the defense of such actions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Section&nbsp;1713 of the PBCL permits the shareholders to adopt a bylaw provision relieving a director
(but not an officer) of personal liability for monetary damages except where (i)&nbsp;the director has
breached the applicable standard of care, and (ii)&nbsp;such conduct constitutes self-dealing, willful
misconduct or recklessness. This section also provides that a director may not be relieved of
liability for the payment of taxes pursuant to any federal, state or local law or of responsibility
under a criminal statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Section&nbsp;1746 of the PBCL provides that the indemnification provisions above are not exclusive of
the right to which a person seeking indemnification may be entitled under any bylaw, agreement,
vote of shareholders or disinterested directors or otherwise, except in circumstances where the act
or failure to act giving rise to the claim for indemnification is determined by a court to have
constituted willful misconduct or recklessness.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Section&nbsp;1747 of the PBCL permits a corporation to purchase and maintain insurance on behalf of any
person who is or was a director or officer of the corporation, or is or was serving at the request
of the corporation as a representative of another corporation or other enterprise, against any
liability asserted against such person and incurred by him or her in any such capacity, or arising
out of his or her status as such, whether or not the corporation would have the power to indemnify
the person against such liability under Chapter&nbsp;17, Subchapter D of the PBCL.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Article&nbsp;IX of the Registrant&#146;s Second Amended and Restated Articles of Incorporation, as amended
(the &#147;Articles&#148;), provide that a director or officer of the Registrant shall not be personally
liable for monetary damages as such (including, without limitation, any judgment, amount paid in
settlement, penalty, punitive damages or expense of any nature (including, without limitation,
attorneys&#146; fees and disbursements) for any action taken, or any failure to take any action, unless
the director or officer has breached or failed to perform the duties of his or her office under the
Articles or the Amended and Restated By-laws (the &#147;Bylaws&#148;), of the Registrant or applicable
provisions of law and the breach or failure to perform constitutes self-dealing, willful misconduct
or recklessness.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Section&nbsp;12 of Article&nbsp;III of the Registrant&#146;s Bylaws also limits the personal liability of
directors for monetary damages for any action taken, or any failure to take any action, unless the
director has breached or failed to perform the duties of his or her office. The limitation on
monetary liability does not extend to breaches of duty constituting self-dealing, willful
misconduct or recklessness and does not relieve a director of liability for the payment of any
taxes pursuant to local, state or federal law, or liability or responsibility pursuant to any
criminal statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Article&nbsp;IX of the Registrant&#146;s Bylaws provides, except as expressly prohibited by law, an
unconditional right to indemnification for expenses and any liability paid or incurred by any
director or officer of the Registrant, or any other person designated by the board of directors as
an indemnified representative, in connection with any actual or threatened claim, action, suit or
proceeding (including derivative suits) in which he or she may be involved by reason of being or
having been a director, officer, employee or agent of the Registrant, or at Registrant&#146;s request, a
director, officer, manager, employee, agent, fiduciary or trustee of another corporation,
partnership, limited liability company, joint venture, trust, employee benefit plan or other entity
or enterprise. The Bylaws specifically authorize indemnification against both judgments and amounts
paid in settlement of derivative suits, as well as indemnification for punitive damages.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Unlike the provisions of PBCL Section&nbsp;1744, which sets forth procedures for effecting
indemnification (but consistent with Section&nbsp;1746 of the PBCL), Article&nbsp;IX of the Bylaws does not
require us to determine the availability of indemnification by first following certain prescribed
procedures. A person who has incurred an indemnifiable expense or liability has a right to be
indemnified independent of any procedures or determinations that otherwise would be required, and
that right is enforceable against us as long as indemnification is not prohibited by law. To the
extent indemnification is permitted only for a portion of a liability, the Bylaw provisions require
us to indemnify such portion. If the indemnification provided for in Article&nbsp;IX is unavailable for
any reason in respect of any liability or portion thereof, the Bylaws require us to make a
contribution toward the liability. Indemnification rights under the Bylaws do not depend upon the
approval of any future Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Section&nbsp;4 of Article&nbsp;IX of the Bylaws authorizes us to further effect or secure our indemnification
obligations by entering into indemnification agreements, maintaining insurance, creating a reserve,
trust, escrow, cash collateral or other fund or account, granting a security interest in our assets
or property, establishing a letter of credit or using any other means that may be available from
time to time. The Registrant maintains a directors&#146; and officers&#146; liability insurance policy that
affords directors and officers with insurance coverage for losses arising from claims based on
breaches of duty, negligence, error and other wrongful acts.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;7.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Exemption from Registration Claimed</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">None.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;8.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Exhibits</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">A list of exhibits filed herewith or incorporated by reference is contained in the Exhibit&nbsp;Index
immediately following the signature pages and is incorporated herein by reference.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Item&nbsp;9.</TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Undertakings</B></U>.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The undersigned Registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">(i)&nbsp;To include any prospectus required by section 10(a)(3) of the Securities Act of
1933;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in
the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than
a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation
of Registration Fee&#148; table in the effective registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">(iii)&nbsp;To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change to
such information in the registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"><I>provided</I>, <I>however</I>, that paragraph (1)(i) and (1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Registrant pursuant to
Section&nbsp;13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">(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.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">(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.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%; text-indent: 4%">The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant
to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) 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 the time shall be deemed to be the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%; text-indent: 4%">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.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><U><B>SIGNATURES</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the requirements of the Securities Act, 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 Wayne, PA on July&nbsp;28, 2011.
</DIV>

<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" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">SAFEGUARD SCIENTIFICS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter J. Boni
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Peter J. Boni&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

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

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the requirements of the Securities Act, this registration statement has been signed
below by the following persons in the capacities and on the dates indicated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Each person whose signature appears below hereby appoints Peter J. Boni and Stephen T. Zarrilli,
and each of them acting individually, as his true and lawful attorneys-in-fact, with full power of
substitution and resubstitution, with the authority to execute in the name of each such person, and
to file with the Commission, together with any exhibits thereto and other documents therewith, any
and all amendments (including post-effective amendments) to this registration statement, and any
registration statements filed pursuant to General Instruction E to Form S-8 in respect of this
registration statement and any and all amendments thereto (including post-effective amendments and
all other related documents) necessary or advisable to enable the Registrant to comply with the
Securities Act, and any rules, regulations and requirements of the Commission in respect thereof,
which amendments or registration statements may make such other changes in the registration
statement as the aforesaid attorney-in-fact executing the same deems appropriate.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Peter J. Boni
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Peter J. Boni
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and<BR>
Director (principal executive officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Stephen T. Zarrilli
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Stephen T. Zarrilli
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief Financial
Officer (principal financial and
accounting officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Julie A. Dobson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Julie A. Dobson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Andrew E. Lietz
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Andrew E. Lietz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Directors&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ George MacKenzie
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
George MacKenzie
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ George D. McClelland
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
George D. McClelland
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jack L. Messman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jack L. Messman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John J. Roberts
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John J. Roberts
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert J. Rosenthal
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert J. Rosenthal
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">July&nbsp;28, 2011</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



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

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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; margin-left: .25in; width: 7.50in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXHIBIT INDEX</B>
</DIV>

<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="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Seconded Amended and Restated Articles of Incorporation of Safeguard
Scientifics, Inc. (Incorporated by reference to Exhibit&nbsp;3.1 of the
Registrant&#146;s current report on Form&nbsp;8-K , as filed with the Commission on
October&nbsp;25, 2007)</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment to Seconded Amended and Restated Articles of Incorporation of
Safeguard Scientifics, Inc. (Incorporated by reference to Exhibit&nbsp;3.1 of the
Registrant&#146;s current report on Form&nbsp;8-K , as filed with the Commission on
August&nbsp;27, 2009)</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Statement with Respect to Shares (Incorporated by reference to Exhibit&nbsp;3.1.3
of the Registrant&#146;s registration statement on Form&nbsp;S-4 , as filed with the
Commission on December&nbsp;17, 2010)</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated By-laws of Safeguard Scientifics, Inc. (Incorporated by
reference to Exhibit&nbsp;3.1.3 of the Registrant&#146;s current report on Form&nbsp;8-K , as
filed with the Commission on October&nbsp;25, 2007)</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Morgan, Lewis &#038; Bockius LLP</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of KPMG LLP</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Counsel (included in opinion filed as Exhibit&nbsp;5.1 hereto)</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included with signature page of this Registration Statement)</DIV></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stock Option Grant Certificates dated June&nbsp;30, 2011 for stock options awarded
to Philip Moyer</DIV></TD>
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    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
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sv8
As filed with the Securities and Exchange Commission on July 28, 2011
Registration Statement No. 333-___
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SAFEGUARD SCIENTIFICS, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
23-1609753
(State of Incorporation)
(I.R.S. Employer Identification No.)
435 Devon Park Drive, Building 800, Wayne, PA 19087-1945
(Address of principal executive offices, including zip code)
Employment Inducement Awards
Consisting of Non-Qualified Stock Options
Granted to Philip Moyer
(Full title of the plan)
Brian J. Sisko
Senior Vice President and General Counsel
Safeguard Scientifics, Inc.
435 Devon Park Drive, Building 800
Wayne, PA 19087-1945
(Name and Address of Agent for Service)
(610) 293-0600
(Telephone Number of Agent for Service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definition of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
o
Accelerated filer
þ
Non-accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Proposed
Maximum
Proposed Maximum
Amount of
Title of Each Class of Securities
Amount to Be
Offering Price
Aggregate Offering
Registration
to Be Registered
Registered
(1)
Per Share
(2)
Price
(2)
Fee
(2)
Common Stock, $.10 per share
85,000
$18.775
$1,595,875.00
$185.28
(1)
Pursuant to Rule 416 under the Securities Act of 1933, this registration statement also
registers such additional shares as may hereinafter be offered or issued to prevent dilution
resulting from stock splits, stock dividends, recapitalizations or certain other capital
adjustments.
(2)
Calculated in accordance with Rule 457(h) under the Securities Act of 1933, based upon the
$18.775 exercise price of the stock options.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
The following documents, as filed by Safeguard Scientifics, Inc. (the "Registrant"), with the
Securities and Exchange Commission (the "Commission") are incorporated by reference in this
registration statement:
(1)
The Registrant's Annual Report on Form 10-K for the fiscal year ended December
31, 2010.
(2)
The Registrant's Quarterly Reports on Form 10-Q for the quarterly periods ended
March 31, 2011, and June 30, 2011.
(3)
The Registrant's Current Reports on Form 8-K filed with the Commission January
4, 2011, May 18, 2011 (excluding Item 7.01 and Exhibit 99.1 of Item 9.01), May 27,
2011, June 22, 2011, and June 28, 2011(excluding Items 7.01 and 9.01).
(4)
The description of the common stock contained on Forms 8-A as have been filed
with the SEC and amended from time to time.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act after the date of this registration statement and prior to the filing of a
post-effective amendment that indicates that all securities offered hereby have been sold or that
deregisters 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 of each such
document. Unless expressly incorporated into this registration statement, a report furnished but
not filed on Form 8-K shall not be incorporated by reference into this Registration Statement to
the extent furnished but not filed.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes hereof to the extent that a statement
contained herein (or in any other subsequently filed document that also is, or is deemed to be,
incorporated by reference herein) modifies or supersedes such statement. Any statement contained
in a document that is deemed to be incorporated by reference or deemed to be a part hereof after
the most recent effective date may modify or replace existing statements contained herein. Any
such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part hereof.
Experts
The consolidated financial statements of Safeguard Scientifics, Inc. and subsidiaries as of
December 31, 2010 and 2009, and for each of the years in the three-year period ended December 31,
2010, and management's assessment of the effectiveness of internal control over financial reporting
as of December 31, 2010, have been incorporated by reference herein in reliance upon the reports of
KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon
the authority of said firm as experts in accounting and auditing.
Item 4.
Description of Securities
.
Not Applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not Applicable
Item 6.
Indemnification of Directors and Officers
.
Chapter 17, Subchapter D of the Pennsylvania Business Corporation Law of 1988, as amended (the
"PBCL"), contains provisions permitting indemnification of officers and directors of a business
corporation incorporated in
Pennsylvania. Sections 1741 and 1742 of the PBCL provide that a business corporation may indemnify
directors and officers against liabilities and expenses they may incur as such in connection with
any threatened, pending or completed civil, administrative or investigative proceeding, provided
that the particular person acted in good faith and in a manner he or she reasonably believed to be
in, or not opposed to, the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. In general, the
power to indemnify under these sections does not exist in the case of actions against a director or
officer by or in the right of the corporation if the person otherwise entitled to indemnification
shall have been adjudged to be liable to the corporation unless it is judicially determined that,
despite the adjudication of liability but in view of all the circumstances of the case, the person
is fairly and reasonably entitled to indemnification for specified expenses. Section 1743 of the
PBCL provides that the corporation is required to indemnify directors and officers against expenses
they may incur in defending actions against them in such capacities if they are successful on the
merits or otherwise in the defense of such actions.
Section 1713 of the PBCL permits the shareholders to adopt a bylaw provision relieving a director
(but not an officer) of personal liability for monetary damages except where (i) the director has
breached the applicable standard of care, and (ii) such conduct constitutes self-dealing, willful
misconduct or recklessness. This section also provides that a director may not be relieved of
liability for the payment of taxes pursuant to any federal, state or local law or of responsibility
under a criminal statute.
Section 1746 of the PBCL provides that the indemnification provisions above are not exclusive of
the right to which a person seeking indemnification may be entitled under any bylaw, agreement,
vote of shareholders or disinterested directors or otherwise, except in circumstances where the act
or failure to act giving rise to the claim for indemnification is determined by a court to have
constituted willful misconduct or recklessness.
Section 1747 of the PBCL permits a corporation to purchase and maintain insurance on behalf of any
person who is or was a director or officer of the corporation, or is or was serving at the request
of the corporation as a representative of another corporation or other enterprise, against any
liability asserted against such person and incurred by him or her in any such capacity, or arising
out of his or her status as such, whether or not the corporation would have the power to indemnify
the person against such liability under Chapter 17, Subchapter D of the PBCL.
Article IX of the Registrant's Second Amended and Restated Articles of Incorporation, as amended
(the "Articles"), provide that a director or officer of the Registrant shall not be personally
liable for monetary damages as such (including, without limitation, any judgment, amount paid in
settlement, penalty, punitive damages or expense of any nature (including, without limitation,
attorneys' fees and disbursements) for any action taken, or any failure to take any action, unless
the director or officer has breached or failed to perform the duties of his or her office under the
Articles or the Amended and Restated By-laws (the "Bylaws"), of the Registrant or applicable
provisions of law and the breach or failure to perform constitutes self-dealing, willful misconduct
or recklessness.
Section 12 of Article III of the Registrant's Bylaws also limits the personal liability of
directors for monetary damages for any action taken, or any failure to take any action, unless the
director has breached or failed to perform the duties of his or her office. The limitation on
monetary liability does not extend to breaches of duty constituting self-dealing, willful
misconduct or recklessness and does not relieve a director of liability for the payment of any
taxes pursuant to local, state or federal law, or liability or responsibility pursuant to any
criminal statute.
Article IX of the Registrant's Bylaws provides, except as expressly prohibited by law, an
unconditional right to indemnification for expenses and any liability paid or incurred by any
director or officer of the Registrant, or any other person designated by the board of directors as
an indemnified representative, in connection with any actual or threatened claim, action, suit or
proceeding (including derivative suits) in which he or she may be involved by reason of being or
having been a director, officer, employee or agent of the Registrant, or at Registrant's request, a
director, officer, manager, employee, agent, fiduciary or trustee of another corporation,
partnership, limited liability company, joint venture, trust, employee benefit plan or other entity
or enterprise. The Bylaws specifically authorize indemnification against both judgments and amounts
paid in settlement of derivative suits, as well as indemnification for punitive damages.
Unlike the provisions of PBCL Section 1744, which sets forth procedures for effecting
indemnification (but consistent with Section 1746 of the PBCL), Article IX of the Bylaws does not
require us to determine the availability of indemnification by first following certain prescribed
procedures. A person who has incurred an indemnifiable expense or liability has a right to be
indemnified independent of any procedures or determinations that otherwise would be required, and
that right is enforceable against us as long as indemnification is not prohibited by law. To the
extent indemnification is permitted only for a portion of a liability, the Bylaw provisions require
us to indemnify such portion. If the indemnification provided for in Article IX is unavailable for
any reason in respect of any liability or portion thereof, the Bylaws require us to make a
contribution toward the liability. Indemnification rights under the Bylaws do not depend upon the
approval of any future Board of Directors.
Section 4 of Article IX of the Bylaws authorizes us to further effect or secure our indemnification
obligations by entering into indemnification agreements, maintaining insurance, creating a reserve,
trust, escrow, cash collateral or other fund or account, granting a security interest in our assets
or property, establishing a letter of credit or using any other means that may be available from
time to time. The Registrant maintains a directors' and officers' liability insurance policy that
affords directors and officers with insurance coverage for losses arising from claims based on
breaches of duty, negligence, error and other wrongful acts.
Item 7.
Exemption from Registration Claimed
.
None.
Item 8.
Exhibits
.
A list of exhibits filed herewith or incorporated by reference is contained in the Exhibit Index
immediately following the signature pages and is incorporated herein by reference.
Item 9.
Undertakings
.
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of
1933;
(ii) To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in
the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than
a 20% change in the maximum aggregate offering price set forth in the "Calculation
of Registration Fee" table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change to
such information in the registration statement;
provided
,
however
, that paragraph (1)(i) and (1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference 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.
The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) 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 the time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the Registrant pursuant to
the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the Registrant in
the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and will be
governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Wayne, PA on July 28, 2011.
SAFEGUARD SCIENTIFICS, INC.
By:
/s/ Peter J. Boni
Peter J. Boni
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act, this registration statement has been signed
below by the following persons in the capacities and on the dates indicated.
Each person whose signature appears below hereby appoints Peter J. Boni and Stephen T. Zarrilli,
and each of them acting individually, as his true and lawful attorneys-in-fact, with full power of
substitution and resubstitution, with the authority to execute in the name of each such person, and
to file with the Commission, together with any exhibits thereto and other documents therewith, any
and all amendments (including post-effective amendments) to this registration statement, and any
registration statements filed pursuant to General Instruction E to Form S-8 in respect of this
registration statement and any and all amendments thereto (including post-effective amendments and
all other related documents) necessary or advisable to enable the Registrant to comply with the
Securities Act, and any rules, regulations and requirements of the Commission in respect thereof,
which amendments or registration statements may make such other changes in the registration
statement as the aforesaid attorney-in-fact executing the same deems appropriate.
Signature
Title
Date
/s/ Peter J. Boni
Peter J. Boni
President, Chief Executive Officer and
Director (principal executive officer)
July 28, 2011
/s/ Stephen T. Zarrilli
Stephen T. Zarrilli
Senior Vice President and Chief Financial
Officer (principal financial and
accounting officer)
July 28, 2011
/s/ Julie A. Dobson
Julie A. Dobson
Director
July 28, 2011
/s/ Andrew E. Lietz
Andrew E. Lietz
Chairman of the Board of Directors
July 28, 2011
/s/ George MacKenzie
George MacKenzie
Director
July 28, 2011
/s/ George D. McClelland
George D. McClelland
Director
July 28, 2011
/s/ Jack L. Messman
Jack L. Messman
Director
July 28, 2011
/s/ John J. Roberts
John J. Roberts
Director
July 28, 2011
/s/ Robert J. Rosenthal
Robert J. Rosenthal
Director
July 28, 2011
EXHIBIT INDEX
Exhibit Number
Description
4.1
Seconded Amended and Restated Articles of Incorporation of Safeguard
Scientifics, Inc. (Incorporated by reference to Exhibit 3.1 of the
Registrant's current report on Form 8-K , as filed with the Commission on
October 25, 2007)
4.2
Amendment to Seconded Amended and Restated Articles of Incorporation of
Safeguard Scientifics, Inc. (Incorporated by reference to Exhibit 3.1 of the
Registrant's current report on Form 8-K , as filed with the Commission on
August 27, 2009)
4.3
Statement with Respect to Shares (Incorporated by reference to Exhibit 3.1.3
of the Registrant's registration statement on Form S-4 , as filed with the
Commission on December 17, 2010)
4.4
Amended and Restated By-laws of Safeguard Scientifics, Inc. (Incorporated by
reference to Exhibit 3.1.3 of the Registrant's current report on Form 8-K , as
filed with the Commission on October 25, 2007)
5.1
†
Opinion of Morgan, Lewis & Bockius LLP
23.1
†
Consent of KPMG LLP
23.2
†
Consent of Counsel (included in opinion filed as Exhibit 5.1 hereto)
24.1
†
Power of Attorney (included with signature page of this Registration Statement)
99.1
†
Stock Option Grant Certificates dated June 30, 2011 for stock options awarded
to Philip Moyer
†
Filed herewith