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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>As filed with the Securities and Exchange Commission on February&nbsp;3, 2010</B></DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 0pt"><B>Registration No.&nbsp;333-</B></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: 12pt"><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: 12pt"><B>FORM S-8</B>
</DIV>

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

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Mistras Group, 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>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>22-3341267</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>195 Clarksville Road</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>08550</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Princeton Junction, New Jersey</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)</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: 12pt"><B>1995 Incentive Stock Option and Restricted Stock Purchase Plan<BR>
2007 Stock Option Plan<BR>
2009 Long-Term Incentive Plan</B><BR>
(Full title of the plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Michael C. Keefe<BR>
Executive Vice President and General Counsel<BR>
195 Clarksville Road, Princeton Junction, New Jersey 08550<BR>
Telephone: (609)&nbsp;716-4000</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Copies to:</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Sheldon G. Nussbaum, Esq.<BR>
Fulbright &#038; Jaworski L.L.P.<BR>
666 Fifth Avenue, New York, New York 10103<BR>
Telephone: (212)&nbsp;318-3000, Facsimile: (212)&nbsp;318-3400</B><BR>
(Name, address, and telephone number, including area code, of agent for service)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company in Rule&nbsp;12b-2 of the Exchange Act.
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="center" valign="top">Large accelerated filer <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">Accelerated filer <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD nowrap align="center">Non-accelerated filer &nbsp; <FONT face="Wingdings">&#254;</FONT><BR>
(Do not check if a smaller reporting company)</TD>
    <TD align="center">&nbsp;</TD>
    <TD nowrap align="center" valign="top">Smaller reporting company <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>

</TR>
</TABLE>
</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="58%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities to be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>registered</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered (1)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price per share</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>aggregate offering price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B></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, $0.01 par value 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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000" nowrap><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#190;</FONT>Shares issuable pursuant to
outstanding <BR>options under the 1995 Incentive Stock <BR>
Option and Restricted Stock Purchase Plan (2)</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">247,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 nowrap align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">0.38</TD>
    <TD nowrap style="border-top: 1px solid #000000">(3)</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="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">93,860.00</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">6.69</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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"><FONT style="font-family: Symbol">&#190;</FONT>Shares issuable pursuant to outstanding <BR>
options under the 2007 Stock Option Plan (2)</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">2,847,650</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 nowrap align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">12.44</TD>
    <TD nowrap style="border-top: 1px solid #000000">(3)</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">35,424,766.00</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">2,525.79</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#190;</FONT>Shares issuable pursuant to outstanding options under the 2009 Long-Term
Incentive Plan</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">35,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">14.67</TD>
    <TD nowrap style="border-top: 1px solid #000000">(3)</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="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">513,450.00</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">36.61</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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"><FONT style="font-family: Symbol">&#190;</FONT>Shares reserved for future grants under the 2009 Long-Term Incentive Plan</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">2,251,318</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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 nowrap align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">14.41</TD>
    <TD nowrap style="border-top: 1px solid #000000">(4)</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">32,441,492.38</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">2,313.08</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Total Registration Fee</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">4,882.17</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</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="23" 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: 3pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="96"></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, as amended, this Registration
Statement also covers an additional indeterminable number of shares as may be necessary to
adjust the number of shares being offered or issued pursuant to the plans as a result of stock
splits, stock dividends or similar transactions.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>No new awards will be made under the 1995 Incentive Stock Option and Restricted Stock
Purchase Plan or the 2007 Stock Option Plan.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated in accordance with Rule 457(h) under the Securities Act of 1933, as amended, solely
for the purpose of calculating the registration fee. The price per share represents the
weighted average exercise price of $0.38, $12.44 and $14.67 for outstanding options under the
1995 Incentive Stock Option and Restricted Stock Purchase Plan, the 2007 Stock Option Plan and
the 2009 Long-Term Incentive Plan, respectively.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated in accordance with Rules 457(c) and (h)&nbsp;under the Securities Act of 1933, as
amended, solely for the purpose of calculating the registration fee, based upon the average
high and low prices of the common stock on February&nbsp;1, 2010, as reported on the New York Stock
Exchange.</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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




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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mistras Group, Inc. (&#147;we,&#148; &#147;us&#148; or &#147;our&#148;) has prepared this registration statement (herein,
together with all amendments and exhibits, referred to as the &#147;Registration Statement&#148;) in
accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), to register shares of our common stock, $0.01 par value per share, issuable
under one or more of the following plans:
</DIV>

<DIV style="margin-top: 6pt">
<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="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>1995 Incentive Stock Option and Restricted Stock Purchase Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2007 Stock Option Plan; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2009 Long-Term Incentive Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Form S-8 includes a &#147;reoffer prospectus,&#148; prepared in accordance with the requirements of
Part&nbsp;I of Form S-3 under the Securities Act. Pursuant to Instruction C of Form S-8, the reoffer
prospectus may be used for reoffers or resales on a continuous or delayed basis in the future of up
to an aggregate of 2,544,000 shares issuable on exercise of options that may constitute &#147;control
securities&#148; under the Securities Act that have been acquired by the selling stockholders named in
the reoffer prospectus.
</DIV>

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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents that contain the information specified by Part&nbsp;I, Items 1 and 2, of Form S-8 have
been or will be delivered to participants in our 1995 Incentive Stock Option and Restricted Stock
Purchase Plan, 2007 Stock Option Plan and 2009 Long-Term Incentive Plan, as specified in Rule
428(b)(1) promulgated by the Securities and Exchange Commission under the Securities Act and the
instructions to Form S-8. In accordance with the rules and regulations of the Securities and
Exchange Commission and the instructions to Form S-8, such documents are not being filed with the
Securities and Exchange Commission either as part of this Registration Statement or as prospectuses
or prospectus supplements pursuant to Rule 424(b) under the Securities Act. These documents and
the documents incorporated by reference in response to Item&nbsp;3 of Part&nbsp;II of this Registration
Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of
the Securities Act. A Section 10(a) prospectus will be given to each Recipient who receives common
shares covered by this Registration Statement, in accordance with Rule&nbsp;428(b)(1) under the
Securities Act.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The reoffer prospectus referred to in the explanatory note follows this page.</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>REOFFER PROSPECTUS</B>
</DIV>


<DIV align="Center" style="font-size: 18pt; margin-top: 6pt"><B>MISTRAS GROUP, INC.</B>
</DIV>
<DIV align="center" style="font-size: 10pt">195 Clarksville Road, Princeton Junction, New Jersey 08550</DIV>



<DIV align="Center" style="font-size: 12pt; margin-top: 6pt">2,544,000 Shares of Common Stock
</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>To Be Issued Pursuant to<BR>
Outstanding Non-qualified Stock Options Under Our<BR>
1995 Incentive Stock Option and Restricted Stock Purchase Plan;<BR>
2007 Stock Option Plan; and<BR>
2009 Long-Term Incentive Plan.</B>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to an aggregate of up to 2,544,000 shares (the &#147;Shares&#148;) of
common stock, par value $0.01 per share, of Mistras Group, Inc., a Delaware corporation (&#147;we,&#148; &#147;us&#148;
or &#147;our&#148;), that may be issued to the selling stockholders named in this prospectus
(the &#147;Selling Stockholders&#148;) upon the exercise of outstanding non-qualified stock options
previously granted to these individuals pursuant to any of our 1995 Incentive Stock Option and
Restricted Stock Purchase Plan, 2007 Stock Option Plan and 2009 Long-Term Incentive Plan
(collectively, the &#147;Plans&#148;), at exercise prices ranging from $0.38 to $14.67 per share. All
Selling Stockholders are our officers or directors. See &#147;Selling Stockholders.&#148;
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Shares are &#147;restricted securities&#148; and, in some cases, &#147;control securities&#148; under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;). The Selling Stockholders, or their
donees, pledgees, transferees or other successors-in-interest, will determine when to sell all or a
portion of the Shares, and may sell all or a portion of the Shares at the then-prevailing market
price or at prices negotiated at the time of sale.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any proceeds from any sale of the Shares. We are paying the expenses
incurred in registering the Shares and the preparation of this prospectus, but all selling and
other expenses, including but not limited to any discounts, commissions and applicable transfer
taxes, incurred by the Selling Stockholders, or their donees, pledgees, transferees or other
successors-in-interest, will be borne by such persons. Any person that resells all or a portion of
the Shares pursuant to this prospectus may be deemed an &#147;underwriter&#148; within the meaning of the
Securities Act.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is traded on the New York Stock Exchange under the symbol &#147;MG.&#148; On February
1, 2010, the last reported price of our common stock on the New York Stock Exchange was $14.38 per
share.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investing in our securities involves risk. You should read carefully the risk factors we
refer to in &#147;Risk Factors&#148; in this prospectus before investing in our securities.</B>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this Prospectus is February&nbsp;3, 2010.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</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="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">Important Note Regarding Forward-Looking Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Prospectus Summary</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Risk Factors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">Use of Proceeds</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">Selling Stockholders</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">Plan of Distribution</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107">Transfer Agent</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#108">Legal Matters</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#109">Experts</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#110">Where You Can Find More Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#111">Incorporation of Certain Information by Reference</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#112">Information with Respect to the Registrant</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="y02969exv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="y02969exv23w1.htm">EX-23.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="y02969exv99w1.htm">EX-99.1</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should rely on the information contained in or incorporated by reference into this
prospectus or any prospectus supplement filed with the Securities and Exchange Commission (the
&#147;Commission&#148;). Neither we nor the Selling Stockholders have authorized any person to give any
information or to make any representations other than those contained or incorporated by reference
in this prospectus, and, if given or made, you must not rely upon such information or
representations as having been authorized. This prospectus does not constitute an offer to sell or
the solicitation of an offer to buy securities other than our shares of common stock described in
this prospectus or an offer to sell or the solicitation to buy such securities in any circumstances
in which such offer or solicitation is unlawful. You should not assume that the information we
have included in this prospectus is accurate as of any date other than the date of this prospectus
or that any information we have incorporated by reference is accurate as of any date other than the
date of the document incorporated by reference regardless of the time of delivery of this
prospectus or of any securities registered hereunder.
</DIV>
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>IMPORTANT NOTE REGARDING FORWARD LOOKING STATEMENTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus contains &#147;forward-looking statements&#148; within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about us,
including but not limited to statements about our products and services, business model, strategy
and growth opportunities, profitability and competitive position. Forward-looking statements
describe future expectations, plans, results or strategies and are generally preceded by words such
as &#147;future,&#148; &#147;planned,&#148; &#147;projected,&#148; &#147;possible,&#148; &#147;potential,&#148; or &#147;targeted,&#148; and &#147;anticipate,&#148;
&#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;predict,&#148; &#147;project,&#148; &#147;will,&#148; &#147;may,&#148; &#147;should,&#148;
&#147;could,&#148; &#147;would&#148; and other similar words and phrases. You are cautioned that such statements should
not be read as a guarantee of future performance or results, and will not necessarily be accurate
indications of the times at, or by which, such performance or results will have been achieved. Such
statements are subject to risks and uncertainties that could cause actual performance or results to
differ materially from those expressed in these statements. Important factors that could cause such
differences include, but are not limited to, those discussed in the &#147;Risk Factors&#148; section of the
final prospectus in connection with our initial public offering filed with the Commission on
October&nbsp;9, 2009, such as (i)&nbsp;the current economic downturn; (ii)&nbsp;loss of or reduction in business
with a significant customer; (iii)&nbsp;adverse change in the industries we serve, which include oil and
gas, power transmission and generation, chemical, aerospace and infrastructure; (iv)&nbsp;our ability to
manage our salary and compensation costs, particularly as to billable time; (v)&nbsp;our ability to
generate cash from operations, secure external funding for our operations and manage our liquidity
needs; (vi)&nbsp;market acceptance of our products and services; (vii)&nbsp;significant changes in the
competitive environment; (viii)&nbsp;catastrophic events that cause disruptions to our business or the
business of our customers; (ix)&nbsp;the ability to attract and train engineers, scientists, and skilled
technicians; and (x)&nbsp;any accidents or incidents involving our asset protection solutions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should consider these factors in evaluating the forward-looking statements included in
this prospectus and not place undue reliance on such statements. The forward-looking statements are
made as of the date hereof, and we undertake no obligation to update such statements as a result of
new information, future events or otherwise.
</DIV>

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

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="102"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The following is only a summary. We urge you to read the entire prospectus, including
the more detailed consolidated financial statements, notes to the consolidated financial statements
and other information included herein or incorporated herein by reference from our other filings
with the Commission. Investing in our securities involves risks. Therefore, please carefully
consider the risk factors described in our filings with the Commission, including those disclosed
under &#147;Risk Factors&#148; in our prospectus filed with the Commission pursuant to Rule&nbsp;</I><I>424(b)(4)</I><I> under
the Securities Act on October&nbsp;9, 2009, before deciding to invest in our common stock. In this
prospectus, our fiscal years, which end on May&nbsp;31, are identified according to the calendar year in
which they end (e.g., the fiscal year ended May&nbsp;31, 2009 is referred to as &#147;fiscal 2009&#148;), and
unless otherwise specified or the context otherwise requires, &#147;Mistras,&#148; &#147;we,&#148; &#147;us&#148; and &#147;our&#148; refer
to Mistras Group, Inc. and its consolidated subsidiaries and their predecessors.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Business</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a leading global provider of technology-enabled asset protection solutions used to
evaluate the structural integrity of critical energy, industrial and public infrastructure. We
combine industry-leading products and technologies, expertise in mechanical integrity (MI)&nbsp;and
non-destructive testing (NDT)&nbsp;services and proprietary data analysis software to deliver a
comprehensive portfolio of customized solutions, ranging from routine inspections to complex,
plant-wide asset integrity assessments and management. These mission critical solutions enhance our
customers&#146; ability to extend the useful life of their assets, increase productivity, minimize
repair costs, comply with governmental safety and environmental regulations, manage risk and avoid
catastrophic disasters. Given the role our services play in ensuring the safe and efficient
operation of infrastructure, we have historically provided a majority of our services to our
customers on a regular, recurring basis. We serve a global customer base of companies with
asset-intensive infrastructure, including companies in the oil and gas, fossil and nuclear power,
public infrastructure, chemicals, aerospace and defense, transportation, primary metals and
metalworking, pharmaceuticals and food processing industries. As of December&nbsp;31, 2009, we had
approximately 2,150 employees, including 29 Ph.D.&#146;s and more than 100 other degreed engineers and
highly-skilled, certified technicians, in 68 offices across 15 countries. We have established
long-term relationships as a critical solutions provider to many leading companies, including
American Electric Power, Bayer, Bechtel, BP, Chevron, Dow Chemical, Duke Energy, DuPont, Embraer,
ExxonMobil, First Energy, General Electric, Pfizer, Rio Tinto Alcan, Rolls Royce, Shell, The Boeing
Company and Valero, and to various federal, state and local governmental infrastructure and defense
authorities, including the departments of transportation of several states.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our asset protection solutions have evolved over time as we have combined the disciplines of
NDT, MI services and data analysis software to provide value to our customers. The foundation of
our business is NDT, which is the examination of assets without impacting the future usefulness or
impairing the integrity of these assets. The ability to inspect infrastructure assets and not
interfere with their operating performance makes NDT a highly attractive alternative to many
traditional intrusive inspection techniques, which may require dismantling equipment or shutting
down a plant, refinery, mill or site. Our MI services are a systematic engineering-based approach
to developing best practices for ensuring the on-going integrity and safety of equipment and
industrial facilities. MI services involve conducting an inventory of infrastructure assets,
developing and implementing inspection and maintenance procedures, training personnel in executing
these procedures and managing inspections, testing and assessments of customer assets. By assisting
customers in implementing MI programs we enable them to identify gaps between existing and desired
practices, find and track deficiencies and degradations to be corrected and establish quality
assurance standards for fabrication, engineering and installation of infrastructure assets. We
believe our MI services improve plant safety and reliability and regulatory compliance, and in so
doing reduce maintenance costs. Our solutions also incorporate comprehensive data analysis from our
proprietary asset protection software to provide customers with detailed, integrated and
cost-effective solutions that rate the risks of alternative maintenance approaches and recommend
actions in accordance with consensus industry codes and standards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a global asset protection leader, we provide a comprehensive range of solutions that
includes traditional outsourced NDT inspection services, advanced asset protection solutions, such
as MI services, and a proprietary portfolio of both hardware and software products and systems for
capturing and analyzing inspection data in real-time. Our solutions are targeted to optimize the
safety and operational performance of infrastructure-intensive
</DIV>

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

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">industries during the design, fabrication, maintenance, inspection and retirement phases of
the asset&#146;s life. Since inception, we have increased our capabilities and the size of our customer
base through the development of applied technologies and managed support services, organic growth
and the successful and seamless integration of acquired companies. These acquisitions have provided
us with additional products, technologies, resources and customers that have enhanced our
sustainable competitive advantages over our competition.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We generated revenues of $209.1&nbsp;million, $152.3&nbsp;million and $122.2&nbsp;million and adjusted EBITDA
of $31.1&nbsp;million, $28.1&nbsp;million and $19.2&nbsp;million for fiscal 2009, 2008 and 2007, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Industry</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset protection is a large and rapidly growing industry that consists of NDT inspection, MI
services and inspection data warehousing and analysis. NDT plays a crucial role in assuring the
operational and structural integrity of critical infrastructure without compromising the usefulness
of the tested materials or equipment. The evolution of NDT services, in combination with broader
industry trends and regulatory requirements, has made NDT an integral and increasingly outsourced
part of many asset-intensive industries. Well-publicized industrial and public infrastructure
failures and accidents have also raised the level of awareness of regulators, as well as owners and
operators, of the benefits that asset protection can provide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe the following key dynamics drive the growth of the asset protection industry:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Extending the Useful Life of Aging Infrastructure. </I>The prohibitive cost and
challenge of building new infrastructure has resulted in the significant aging of
existing infrastructure and caused companies to seek ways to extend the useful life
of existing assets. Because aging infrastructure requires relatively higher levels
of maintenance and repair, as well as more frequent, extensive and ongoing testing,
companies and public authorities are increasing spending to ensure the operational
and structural integrity of existing infrastructure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Outsourcing of Non-Core Activities and Technical Resource Constraints. </I>While
some of our customers have historically performed NDT services in-house, the
increasing sophistication and automation of NDT programs, together with a
decreasing supply of skilled professionals and stricter governmental regulations,
has led many companies and public authorities to outsource NDT to providers that
have the necessary technical product portfolio, engineering expertise, technical
workforce and proven track record of results-oriented performance to effectively
meet their increasing requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Increasing Asset and Capacity Utilization. </I>Due to high energy prices, high
repair and replacement costs and the limited construction of new infrastructure,
existing infrastructure in some of our target markets is being used at higher
capacities, causing increased stress and fatigue that accelerate deterioration. In
order to sustain high capacity utilization rates, customers are increasingly using
asset protection solutions to efficiently ensure the integrity and safety of their
assets. Implementation of asset protection solutions can lead to increased
productivity as a result of reduced maintenance-related downtime.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Increasing Corrosion from Low-Quality Inputs. </I>High commodities prices and
increasing energy demands have led to the use of lower grade inputs and feedstock,
such as low-grade coal or petroleum, in the refinery and power generation
processes. These lower grade inputs can rapidly corrode the infrastructure they
come into contact with, which in turn increases the need for asset protection
solutions to identify such corrosion and enable infrastructure owners to
proactively combat the problems caused by such corrosion.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Increasing Use of Advanced Materials. </I>Customers in our target markets are
increasingly utilizing advanced materials and other unique technologies in the
manufacturing and construction of new infrastructure and aerospace applications. As
a result, they require advanced testing, assessment and maintenance technologies to
protect these assets. We believe that demand for NDT solutions</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>will increase as companies and public authorities continue to use these advanced
materials, not only during the operating phase of the lifecycle of their assets, but
also during the design and construction phases by incorporating technologies such as
embedded sensors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Meeting Safety Regulations. </I>Owners and operators of infrastructure assets
increasingly face strict government regulations and safety requirements. Failure to
meet these standards can result in significant financial liabilities, increased
scrutiny by the Occupational Safety &#038; Health Administration (OSHA)&nbsp;and other
regulators, higher insurance premiums and tarnished corporate brand value. As a
result, these owners and operators are seeking highly reliable asset protection
suppliers with a proven track record of providing asset protection services,
products and systems to assist them in meeting these increasingly stringent
regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Expanding Addressable End-Markets. </I>Advances in NDT sensor technology and asset
protection software systems, and the continued emergence of new technologies, are
creating increased demand for asset protection solutions in applications where
existing techniques were previously ineffective. Further, we expect increased
demand in relatively new markets, such as the pharmaceutical and food processing
industries, where infrastructure is only now aging to a point where significant
maintenance is required.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Expanding Addressable Geographies. </I>We believe that a substantial driver of
incremental demand will come from international markets, as companies and
governments in these markets build and maintain infrastructure and applications
that require the use of asset protection solutions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Competitive Strengths</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe the following competitive strengths contribute to our being a leading provider of
asset protection solutions and will allow us to further capitalize on growth opportunities in our
industry:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Single Source Provider for Asset Protection Solutions Worldwide. </I>We believe we
are the only company with a comprehensive portfolio of proprietary and integrated
asset protection solutions, including services, products and systems worldwide,
which positions us to be the leading single source provider for a customer&#146;s asset
protection requirements. In addition, collaboration between our services teams and
product design engineers generates enhancements to our services, products and
systems, which provide a source of competitive advantage compared to companies that
provide only NDT services or NDT products.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Long-Standing Trusted Provider to a Diversified and Growing Customer Base. </I>By
providing critical and reliable NDT services, products and systems for more than 30
years and expanding our asset protection solutions, we have become a trusted
partner to a large and growing customer base across numerous
infrastructure-intensive industries globally. Seven of our top 10 customers by
fiscal 2009 revenues have used our solutions for at least 10&nbsp;years. We leverage our
strong relationships to sell additional solutions to our existing customers while
also attracting new customers. As asset protection is increasingly recognized by
our customers as a strategic advantage, we believe our reputation and history of
successful execution are key competitive differentiators.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Repository of Customer-Specific Inspection Data. </I>Our enterprise software
solutions enable us to capture and store our customers&#146; testing and inspection data
in a centralized database. As a result, we have accumulated large amounts of
proprietary information that allows us to provide our customers with value-added
services, such as benchmarking, predictive maintenance, inspection scheduling, data
analytics and regulatory compliance. We believe our ability to provide these
customized products and services, along with the high cost of switching to an
alternative vendor, provide us with significant competitive advantages.</TD>
</TR>




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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Proprietary Products, Software and Technology Packages. </I>We have developed
systems that have become the cornerstone of several unique NDT applications. These
proprietary products allow us to efficiently and effectively provide unique
solutions to our customers&#146; complex applications, resulting in a significant
competitive advantage. In addition to the proprietary products and systems that we
sell to customers on a stand-alone basis, we also develop a range of proprietary
sensors, instruments, systems and software used exclusively by our Services
segment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Deep Domain Knowledge and Extensive Industry Experience. </I>We are an industry
leader in developing advanced asset protection solutions, including acoustic
emission (AE)&nbsp;testing for non-intrusive on-line monitoring of storage tanks and
pressure vessels, bridges and transformers, portable corrosion mapping, ultrasonic
testing (UT)&nbsp;systems, on-line plant asset integrity management with sensor fusion,
enterprise software solutions for plant-wide and fleet-wide inspection data
archiving and management, advanced and thick composites inspection and ultrasonic
phased array inspection of thick wall boilers. In addition, many of the members of
our team have been instrumental in developing the testing standards followed by
international standards-setting bodies, such as the American Society of
Non-Destructive Testing and comparable associations in other countries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Collaborating with Our Customers. </I>Our asset protection solutions have
historically been designed in response to our customers&#146; unique performance
specifications and are supported by our proprietary technologies. Our sales and
engineering teams work closely with our customers&#146; research and design staff during
the design phase of our products in order to incorporate our products into
specified infrastructure projects. As a result, we believe that our close,
collaborative relationships with our customers provide us a significant competitive
advantage.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Experienced Management Team. </I>Our management team has a track record of
leadership in NDT, averaging over 20&nbsp;years experience in the industry. These
individuals also have extensive experience in growing businesses organically and in
acquiring and integrating companies, which we believe is important to facilitate
future growth in the fragmented asset protection industry.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Growth Strategy</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our growth strategy emphasizes the following key elements:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Continue to Develop Technology-Enabled Asset Protection Services, Products and
Systems. </I>We intend to maintain and enhance our technological leadership by
continuing to invest in the internal development of new services, products and
systems. Our highly trained team of Ph.D.&#146;s, engineers and highly-skilled,
certified technicians have been instrumental in developing numerous significant NDT
standards, and we believe their knowledge base will enable us to innovate a wide
range of new asset protection solutions more rapidly than our competition.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Increase Revenues from Our Existing Customers. </I>Many of our customers are
multinational corporations with asset protection requirements from multiple
divisions at multiple locations across the globe. Currently, we capture a
relatively small portion of their overall expenditures on these solutions. We
believe our superior services, products and systems, combined with the trend of
outsourcing asset protection solutions to a small number of trusted service
providers, positions us to significantly expand both the number of divisions and
locations that we serve as well as the types of solutions we provide.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Add New Customers in Existing Target Markets. </I>Our current customer base
represents a small fraction of the total number of companies in our target markets.
Our scale, scope of products and services and expertise in creating
technology-enabled solutions have allowed us to build a reputation for high quality
and has increased customer awareness about us and our asset protection solutions.
We intend to continue to leverage our competitive strengths to win new business as</TD>
</TR>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customers in our existing target markets continue to seek a single source and
trusted provider of advanced asset protection solutions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Expand Our Customer Base into New End Markets. </I>We believe we have significant
opportunities to rapidly expand our customer base in relatively new end markets,
including the maritime shipping, wind turbine and other alternative energy and
natural gas transportation industries and the market for public infrastructure,
such as highways and bridges. The expansion of our addressable markets is being
driven by the increased recognition and adoption of asset protection services,
products and systems and new NDT technologies enabling further applications to
address additional end-market needs and aging infrastructure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Continue to Capitalize on Acquisitions. </I>We intend to continue employing a
disciplined acquisition strategy to broaden, complement and enhance our product and
service offerings, add new customers and certified personnel, expand our sales
channels, supplement our internal development efforts and accelerate our expected
growth. We believe the market for asset protection solutions is highly fragmented
with a large number of potential acquisition opportunities. We have a proven
ability to integrate complementary businesses, as demonstrated by the success of
our past acquisitions. We believe we have improved the operational performance and
profitability of our acquired businesses by successfully integrating and selling
our suite of comprehensive asset protection solutions to the customers of these
acquired businesses.</TD>
</TR>

</TABLE>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to the resale by the Selling Stockholders of up to 2,544,000 shares of
common stock issuable upon the exercise of options to purchase common stock. The Selling
Stockholders may sell the Shares from time to time at prevailing market prices. Except for the
aggregate purchase price of the options exercised by the Selling Stockholders in connection with
the sale of the Shares, we will not receive any proceeds from the sale of the Shares by the Selling
Stockholders.
</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="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common Stock Offered by Selling Stockholders
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2,544,000 shares</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Offering Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Selling Stockholders and
any of their donees,
pledgees, assignees and
successors-in-interest may
sell any or all of their
Shares on any stock exchange,
market or trading facility on
which the securities are
traded or in private
transactions. The sales may
be at fixed or negotiated
prices.</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common Stock Outstanding at February&nbsp;1, 2010
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26,458,778 shares</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Use of Proceeds
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Except for the aggregate
purchase price of the options
exercised by the Selling
Stockholders in connection
with the sale of Shares, we
will not receive any proceeds
from the sale of the Shares
by the Selling Stockholders.</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">NYSE Symbol
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MG</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Corporate information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our principal executive offices are located at 195 Clarksville Road, Princeton
Junction, NJ 08550, and our telephone number at that address is (609)&nbsp;716-4000. Our website is
located at <I>www.mistrasgroup.com</I>. Information on, or accessible through, our website is not a part
of, and is not incorporated into, this prospectus.
</DIV>

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

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="103"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An investment in our securities involves a high degree of risk. Before making an investment
decision, we urge you to carefully consider the risks incorporated by reference in this prospectus,
including those risks described under &#147;Risk Factors&#148; in our prospectus filed with the Commission
pursuant to Rule&nbsp;424(b)(4) under the Securities Act on October&nbsp;9, 2009 and in our quarterly report
on Form 10-Q for the quarter ended August&nbsp;31, 2009 filed with the Commission on October&nbsp;30, 2009,
which are incorporated by reference in this prospectus, and which may be amended, supplemented or
superseded from time to time by other reports we file with the Commission pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Securities and Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;). For more information, see &#147;Where You Can Find More Information.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional risks, including those that related to any particular securities we offer, may be
included in the applicable prospectus supplement or free writing prospectus which we have
authorized, or which may be incorporated by reference into this prospectus or such prospectus
supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business, financial condition, results of operations and cash flows could be materially
adversely affected by any of these risks. The market or trading price of our securities could
decline due to any of these risks. Additional risks not presently known to us or that we currently
deem immaterial may also impair our business and operations or cause the price of our securities to
decline.
</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any proceeds from the sale of the Shares by the Selling Stockholders.
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to Shares that are being registered for reoffers and resales by
Selling Stockholders who may acquire Shares pursuant to any of the Plans. The Selling Shareholders
may resell any or all of the Shares at any time while this prospectus is current.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The table below shows the number of shares of common stock beneficially owned by each Selling
Stockholder as of February&nbsp;1, 2010. Beneficial ownership is determined in accordance with the
rules of the Commission, is based upon 26,458,778 shares outstanding as of February&nbsp;1,
2010, and generally includes voting or investment power with respect to securities. Options to
purchase shares of common stock that are currently exercisable or exercisable as of or within 60
days after February&nbsp;1, 2010 are deemed to be outstanding and to be beneficially owned by the person
holding such options for the purpose of computing the percentage ownership of such person but are
not treated as outstanding for the purpose of computing the percentage ownership of any other
person. After the resale of all Shares that may be so offered for resale pursuant to this
prospectus, and assuming no other changes in beneficial ownership of our common stock after the
date of this prospectus, Dr.&nbsp;Vahaviolos would own 42.8% of our common stock and all other Selling
Stockholders would own less than 1% of our common stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive officers, directors or others who may be deemed to be our &#147;affiliates&#148; as defined in
Rule&nbsp;144 under the Securities Act who acquire common stock under the Plans may be added to the list
of Selling Stockholders and the Shares to be sold may be increased or decreased by the use of a
prospectus supplement filed with the Commission. The inclusion in the table of the individuals
named therein shall not be deemed to be an admission that any such individuals are our
&#147;affiliates.&#148; In addition, certain unnamed non-affiliates, each of whom holds less than the lesser
of 1,000 shares or one percent of the Shares issuable under the Plans, may use this prospectus for
reoffers and resales of Shares up to that amount.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B><BR>
<B>Beneficially</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offered for</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Owned After the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Selling Stockholder</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Position (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Resale (2)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Resale (3)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sotirios J. Vahaviolos</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Chairman, President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap valign="top">11,336,763</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,950,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,336,763</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Paul &#147;Pete&#148; Peterik</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap valign="top">164,500                 </TD>
    <TD>(4)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">227,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ralph L. Genesi</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Group Executive Vice President, Marketing and Sales</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap valign="top">2,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Lange</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Group Executive Vice President, Services</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap valign="top">424,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">424,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael C. Keefe</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Executive Vice President, General Counsel and Secretary</TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>All Selling Stockholders are our employees and/or directors. The positions of officers and directors are specifically described.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes Shares subject to vested and unvested options issued under the Plans.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Assumes that all Shares offered for resale pursuant to this prospectus are sold.</TD>
</TR>

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

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 2,000 shares beneficially owned by spouse that were purchased pursuant to a directed share program established by the underwriters of our
initial public offering and 162,500 shares underlying fully vested and exercisable options.</TD>
</TR>
</TABLE>

<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Shares are being registered on behalf of the Selling Stockholders. We will receive no
proceeds from this offering. As used herein, &#147;Selling Stockholders&#148; includes donees, pledges,
transferees or other successors-in-interest selling Shares received after the date of this
prospectus from a named Selling Stockholder as a gift, pledge or other non-sale transfer.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The decision to exercise options for Shares, or to sell any Shares, is within the discretion
of the holders thereof, subject generally to our policies affecting the timing and manner of sale
of common stock by certain individuals. There can be no assurance that any of the options will be
exercised or any Shares will be sold by the Selling Stockholders.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders may sell Shares from time to time as follows (if at all):</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to or through underwriters, brokers or dealers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>directly to one or more other purchasers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>through agents on a best-efforts basis; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>otherwise through a combination of any of these methods of sale.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Selling Stockholders sell Shares through underwriters, dealers, brokers or agents,
those underwriters, dealers, brokers or agents may receive compensation in the form of discounts,
concessions or commissions from the Selling Stockholders and/or the purchasers of the Shares.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Shares may be sold from time to time:</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in one or more transactions at a fixed price or prices, which may be
changed;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at market prices prevailing at the time of sale;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at prices related to prevailing market prices;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at varying prices determined at the time of sale; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at negotiated prices.</TD>
</TR>
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These sales may be effected:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in transactions on any national securities exchange or quotation
service on which our common stock may be listed or quoted at the time of sale;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in transactions in the over-the-counter market;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in block transactions in which the broker or dealer so engaged will
attempt to sell the shares of common stock as agent but may position and resell a
portion of the block as principal to facilitate the transaction, or in crosses, in
which the same broker acts as an agent on both sides of the trade;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in transactions otherwise than on exchanges or services or in the
over-the-counter market;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>through the writing of options; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>through other types of transactions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with sales of common stock or otherwise, the Selling Stockholders may enter into
hedging transactions with brokers-dealers or others, who may in turn engage in short sales of the
common stock in the course of hedging the positions they assume. The Selling Stockholders may, to
the extent permissible by law, sell short the common stock and may deliver this prospectus in
connection with short sales and use the Shares covered by the prospectus to cover these short
sales. In addition, any Shares covered by this prospectus that qualify for sale pursuant to Rule
144 or any other available exemption from registration under the Securities Act may be sold under
Rule&nbsp;144 or another available exemption. There can be no assurance that the Selling Stockholders
will sell any or all of the Shares offered by them hereunder or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the time a particular offering of shares of common stock is made, a prospectus supplement,
if required, will be distributed which will set forth the aggregate amount of shares of common
stock being offered and the terms of the offering, including the name or names of any underwriters,
dealers, brokers or agents, if any, and any discounts, commissions or concessions allowed or
reallowed to be paid to brokers or dealers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders and any underwriters, dealers, brokers or agents who participate in
the distribution of the Shares may be deemed to be &#147;underwriters&#148; within the meaning of the
Securities Act and any profits on the sale of the Shares by them and any discounts, commissions or
concessions received by any underwriters, dealers, brokers or agents may be deemed to be
underwriting discounts and commissions under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders and any other person participating in a distribution of the Shares
will be subject to applicable provisions of the Exchange Act and the rules and regulations under
the Exchange Act, including, without limitation, Regulation&nbsp;M which may limit the timing of
purchases and sales of Shares by the Selling Stockholders and any other person participating in the
distribution. Furthermore, Regulation&nbsp;M under the Exchange Act may restrict the ability of any
person engaged in a distribution of the Shares to engage in market-making activities with respect
to the Shares being distributed for a period of up to five business days prior to the commencement
of the distribution. All of the foregoing may affect the marketability of the Shares and the
ability of any person or entity to engage in market-making activities with respect to the Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All expenses incurred in connection with the registration of the Shares, including printer&#146;s
and accounting fees and the fees, disbursements and expenses of our counsel, will be borne by us.
Commissions and discounts, if any, attributable to the sales of the Shares will be borne by the
Selling Stockholders. The Selling Stockholders may agree to indemnify any broker-dealer or agent
that participates in transactions involving sales of the Shares against certain liabilities,
including liabilities arising under the Securities Act.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transfer agent and registrar for our common stock is American Stock Transfer &#038; Trust
Company, located at 59 Maiden Lane, New York, New York 10038.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="108"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The legal validity of the securities will be passed upon for us by Fulbright &#038; Jaworski
L.L.P., New York, New York.
</DIV>
<DIV align="left">
<A name="109"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements incorporated in this prospectus by reference to the prospectus filed
with the Commission pursuant to Rule 424(b) under the Securities Act on October&nbsp;9, 2009, relating
to our registration statement on Form S-1 (File No.&nbsp;333-151559) have been so incorporated in
reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting
firm, given on the authority of said firm as experts in auditing and accounting.
</DIV>
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WHERE YOU CAN FIND MORE INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are subject to the information requirements of the Exchange Act, and, in accordance
therewith, files reports, proxy statements and other information with the Commission. The reports,
proxy statements and other information filed by us with the Commission can be inspected and copied
at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C. 20549.
Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. In addition, reports, proxy materials and other information concerning us may be
inspected at the offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
Additionally, the Commission maintains an Internet site that contains reports, proxy and
information statements and other information regarding registrants that file electronically with
the Commission and that is located at <I>www.sec.gov</I>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus constitutes part of a registration statement on Form S-8 filed on the date
hereof by us with the Commission under the Securities Act. This prospectus does not contain all of
the information set forth in this Registration Statement, certain parts of which are omitted in
</DIV>
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed heretofore by us with the Commission are hereby incorporated in
this prospectus by reference:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our prospectus filed with the Commission pursuant to Rule 424(b) under the
Securities Act on October&nbsp;9, 2009, relating to our registration statement on Form
S-1 (File No.&nbsp;333-151559) and which includes audited financial statements for the
years ended May&nbsp;31, 2009, May&nbsp;31, 2008 and May&nbsp;31, 2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our current reports on Form 8-K filed with the Commission on October&nbsp;20, 2009,
October&nbsp;27, 2009, December&nbsp;18, 2009 and January&nbsp;8, 2010 (except for portions of
such reports which were deemed to be furnished and not filed);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our quarterly reports on Form 10-Q for the quarters ended August&nbsp;31, 2009 and
November&nbsp;30, 2009 filed with the Commission on October&nbsp;30, 2009 and January&nbsp;12,
2010, respectively;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our common stock contained in our registration statement on
Form 8-A (File No.&nbsp;001-34481) filed with the Commission on October&nbsp;5, 2009,
pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended,
including any amendment or report filed for the purpose of updating such
description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and other documents subsequently filed by us pursuant to Section&nbsp;13(a), 13(c), 14
or 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the Registration
Statement of which this
</DIV>

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

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">prospectus forms a part which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference in this prospectus and to be a part hereof from their respective dates of
filing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of this prospectus to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such earlier
statement. Any statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information relating to us contained in this prospectus should be read together with the
information in the documents incorporated by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby undertakes to provide without charge to each person to whom a copy of this
prospectus has been delivered, upon the written or oral request of any such person, a copy of any
and all of the documents referred to above which have been or may be incorporated in this
prospectus by reference, other than exhibits to such documents which are not specifically
incorporated by reference into such documents. Requests for such copies should be directed to
Mistras Group, Inc., Attention: Michael Keefe, 195 Clarksville Road Princeton Junction, New Jersey
08550, (609)&nbsp;716-4128.
</DIV>
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION WITH RESPECT TO THE REGISTRANT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information pertaining to our company required to be disclosed in this Registration
Statement is incorporated by reference from the documents listed as incorporated by reference
above. Such documents are being delivered with this prospectus. See &#147;Risk Factors&#148; and
&#147;Incorporation of Certain Information by Reference.&#148;
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">2,544,000 SHARES
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>MISTRAS GROUP, INC.</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">COMMON STOCK
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">PROSPECTUS
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">FEBRUARY&nbsp;3, 2010
</DIV>






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

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




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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant, hereby incorporates by reference into this Registration Statement the
following documents and information previously filed with the Commission:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Our prospectus filed with the Commission pursuant to Rule 424(b) under the
Securities Act on October&nbsp;9, 2009, relating to our registration statement on Form S-1 (File
No.&nbsp;333-151559) and which includes audited financial statements for our latest fiscal year;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Our current reports on Form 8-K filed with the Commission on October&nbsp;20, 2009,
October&nbsp;27, 2009, December&nbsp;18, 2009 and January&nbsp;8, 2010 (except for portions of such reports
which were deemed to be furnished and not filed);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Our quarterly reports on Form 10-Q for the quarters ended August&nbsp;31, 2009 and
November&nbsp;30, 2009 filed with the Commission on October&nbsp;30, 2009 and January&nbsp;12, 2010,
respectively;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The description of our common stock contained in our registration statement on
Form 8-A (File No.&nbsp;001-34481) filed with the Commission on October&nbsp;5, 2009, pursuant to
Section 12(b) of the Securities Exchange Act of 1934, as amended, including any amendment or
report filed for the purpose of updating such description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by us pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934, as amended (other than Current Reports on Form 8-K furnished pursuant to
Item&nbsp;2.02 or Item&nbsp;7.01 of Form 8-K, including any exhibits included with such information, unless
otherwise indicated therein), subsequent to the date of this Registration Statement and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold
or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in this Registration Statement or in a document incorporated or deemed
to be incorporated herein by reference shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that a statement contained herein or in any subsequently
filed document which also is, or is deemed to be, incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5. Interest of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(a) of the Delaware General Corporation Law provides that a Delaware corporation
may indemnify any person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the registrant) by
reason of the fact that the person is or was a director, officer, employee or agent of the
registrant, or is or was serving at the request of the registrant as a director, officer, employee
or agent of another corporation or enterprise, against expenses (including attorneys&#146; fees),
judgments, fines and amounts paid in
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">settlement actually and reasonably incurred by the person in connection with such action, suit
or proceeding if the person acted in good faith and in a manner the person reasonably believed to
be in or not opposed to the best interests of the registrant, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe the person&#146;s conduct was unlawful.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(b) provides that a Delaware corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or completed action or suit by
or in the right of the registrant to procure a judgment in its favor by reason of the fact that
such person acted in any of the capacities set forth above, against expenses (including attorneys&#146;
fees) actually and reasonably incurred by the person in connection with the defense or settlement
of such action or suit if the person acted under standards similar to those discussed above, except
that no indemnification may be made in respect of any claim, issue or matter as to which such
person shall have been adjudged to be liable to the registrant unless and only to the extent that
the court in which such action or suit was brought shall determine that despite the adjudication of
liability, such person is fairly and reasonably entitled to be indemnified for such expenses which
the court shall deem proper.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 further provides that to the extent a director or officer of a corporation has
been successful in the defense of any action, suit or proceeding referred to in subsections (a)&nbsp;and
(b)&nbsp;or in the defense of any claim, issue or matter therein, such person shall be indemnified
against expenses (including attorneys&#146; fees) actually and reasonably incurred by such person in
connection therewith; that indemnification provided for by Section&nbsp;145 shall not be deemed
exclusive of any other rights to which the indemnified party may be entitled; and that the
registrant may purchase and maintain insurance on behalf of a director or officer of the registrant
against any liability asserted against such person or incurred by such person in any such capacity
or arising out of such person&#146;s status as such whether or not the registrant would have the power
to indemnify such person against such liabilities under Section&nbsp;145.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s second amended and restated certificate of incorporation provides that, to
the fullest extent permitted by the Delaware General Corporation Law, as the same exists or
hereafter may be amended, a director of the registrant shall not be personally liable to the
registrant or its stockholders for monetary damages for the breach of any fiduciary duty as a
director. The registrant&#146;s amended and restated bylaws provide that the registrant shall indemnify
any director or officer of the registrant, and may indemnify any other person, who (a)&nbsp;was or is a
party or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the registrant) by reason of the fact that the person (or the legal representative of
such person) is or was a director, officer, employee or agent of the registrant, or is or was
serving at the request of the registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against expenses (including
attorneys&#146; fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred
by the person in connection with such action, suit or proceeding if the person acted in good faith
and in a manner the person reasonably believed to be in or not opposed to the best interests of the
registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to
believe the person&#146;s conduct was unlawful, and (b)&nbsp;was or is a party or is threatened to be made a
party to any threatened, pending or completed action or suit by or in the right of the registrant
to procure a judgment in its favor by reason of the fact that the person is or was a director,
officer, employee or agent of the registrant, or is or was serving at the request of the registrant
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise against expenses (including attorneys&#146; fees) actually and reasonably incurred
by the person in connection with the defense or settlement of such action or suit if the person
acted in good faith and in a manner the person reasonably believed to be in or not opposed to the
best interests of the registrant and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be liable to the
registrant unless and only to the extent that the Delaware Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the Delaware Court of Chancery or such other court
shall deem proper. Section&nbsp;102(b)(7) of the Delaware General Corporation Law provides that a
certificate of incorporation may contain a provision eliminating or limiting the personal liability
of a director to the registrant or its stockholders for monetary damages for breach of fiduciary
duty as a director, provided that such provision shall not eliminate or limit the liability of a
director: (i)&nbsp;for any breach of the director&#146;s duty of loyalty to the registrant or its
stockholders; (ii)&nbsp;for acts or omissions not in good faith or which involve intentional misconduct
or a knowing
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">violation of law; (iii)&nbsp;under Section&nbsp;174 of the Delaware General Corporation Law; or (iv)&nbsp;for
any transaction from which the director derived an improper personal benefit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the registrant has entered into indemnification agreements, with its directors
and executive officers which would require the registrant, among other things, to indemnify them
against certain liabilities which may arise by reason of their status.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant maintains directors&#146; and officers&#146; liability insurance for its officers and
directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to Item&nbsp;9 below for the registrant&#146;s undertakings with respect to
indemnification for liabilities arising under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8. Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information required by this item is set forth on the exhibit index that follows the
signature page of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9. Undertakings.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of
1933;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date
of this 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 this 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&nbsp;percent 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: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not
previously disclosed in this Registration Statement or any material change to such
information in this Registration Statement;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Provided, however</I>, that the registrant undertakes no obligation to make the filings described in
paragraphs (a)(1)(i) and (a)(1)(ii) above if the information required to be included in a
post-effective amendment by those paragraphs is contained in 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 this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(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
13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing
of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities Exchange
Act of 1934) that is incorporated by reference in this 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(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
provisions described under Item&nbsp;6 above, 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 of 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>







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</DIV>

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

<DIV align="left">
<A name="118"></A>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Princeton Junction, New Jersey, on February&nbsp;3, 2010.</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">MISTRAS GROUP, 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/ Michael C. Keefe
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Michael C. Keefe&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" nowrap><I>Executive Vice President, General Counsel<BR>
and Secretary</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<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>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Mistras Group, Inc., hereby severally constitute
and appoint Dr.&nbsp;Sotirios J. Vahaviolos, Mr.&nbsp;Paul Peterik and Mr.&nbsp;Michael C. Keefe, and each of them
singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution in each of them for him and in his name,
place and stead, and in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, 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, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in and about the
premises, as full to all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents or any of them, or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" 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 align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Sotirios J. Vahaviolos</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Sotirios J. Vahaviolos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman,
President, Chief
Executive Officer<br>
(<I>Principal
Executive Officer</I>)
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Paul Peterik</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Paul Peterik
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Financial
Officer<br>(<I>Principal
Financial and
Accounting Officer</I>)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Elizabeth Burgess</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Elizabeth Burgess
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Daniel M. Dickinson</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Daniel M. Dickinson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">James J. Forese</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James J. Forese
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Richard H. Glanton</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Richard H. Glanton
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Michael J. Lange</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael J. Lange
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">Manuel N. Stamatakis</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Manuel N. Stamatakis
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>February&nbsp;3, 2010</B></TD>
</TR>
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="119"></A>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><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="7%">&nbsp;</TD>
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    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
</TR>

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<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen certificate evidencing shares of common stock</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Fulbright &#038; Jaworski L.L.P. regarding legality of securities being registered</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel (contained in Exhibit&nbsp;5.1)</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included as part of signature page to this Registration Statement)</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1995 Incentive Stock Option and Restricted Stock Purchase Plan</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2007 Stock Option Plan and forms of agreements thereunder</TD>
</TR>
<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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2009 Long-Term Incentive Plan and forms of agreements thereunder</TD>
</TR>
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    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to exhibits filed with the Registrant&#146;s Registration Statement on
Form S-1, as amended (Registration No.&nbsp;333-151559), as declared effective on October&nbsp;7, 2009.</TD>
</TR>
</TABLE>

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sv8
Table of Contents
As filed with the Securities and Exchange Commission on February 3, 2010
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Mistras Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
22-3341267
(State or other jurisdiction
(I.R.S. Employer Identification No.)
of incorporation or organization)
195 Clarksville Road
08550
Princeton Junction, New Jersey
(Zip Code)
(Address of Principal Executive Offices)
1995 Incentive Stock Option and Restricted Stock Purchase Plan
2007 Stock Option Plan
2009 Long-Term Incentive Plan
(Full title of the plan)
Michael C. Keefe
Executive Vice President and General Counsel
195 Clarksville Road, Princeton Junction, New Jersey 08550
Telephone: (609) 716-4000
Copies to:
Sheldon G. Nussbaum, Esq.
Fulbright & Jaworski L.L.P.
666 Fifth Avenue, New York, New York 10103
Telephone: (212) 318-3000, Facsimile: (212) 318-3400
(Name, address, and telephone number, including area code, 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 in Rule 12b-2 of the Exchange Act.
Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
þ
(Do not check if a smaller reporting company)
Smaller reporting company
o
Title of securities to be
Amount to be
Proposed maximum
Proposed maximum
Amount of
registered
registered (1)
offering price per share
aggregate offering price
registration fee
Common Stock, $0.01 par value per share
¾
Shares issuable pursuant to
outstanding
options under the 1995 Incentive Stock
Option and Restricted Stock Purchase Plan (2)
247,000
$
0.38
(3)
$
93,860.00
$
6.69
¾
Shares issuable pursuant to outstanding
options under the 2007 Stock Option Plan (2)
2,847,650
$
12.44
(3)
$
35,424,766.00
$
2,525.79
¾
Shares issuable pursuant to outstanding options under the 2009 Long-Term
Incentive Plan
35,000
$
14.67
(3)
$
513,450.00
$
36.61
¾
Shares reserved for future grants under the 2009 Long-Term Incentive Plan
2,251,318
$
14.41
(4)
$
32,441,492.38
$
2,313.08
Total Registration Fee
$
4,882.17
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, this Registration
Statement also covers an additional indeterminable number of shares as may be necessary to
adjust the number of shares being offered or issued pursuant to the plans as a result of stock
splits, stock dividends or similar transactions.
(2)
No new awards will be made under the 1995 Incentive Stock Option and Restricted Stock
Purchase Plan or the 2007 Stock Option Plan.
(3)
Estimated in accordance with Rule 457(h) under the Securities Act of 1933, as amended, solely
for the purpose of calculating the registration fee. The price per share represents the
weighted average exercise price of $0.38, $12.44 and $14.67 for outstanding options under the
1995 Incentive Stock Option and Restricted Stock Purchase Plan, the 2007 Stock Option Plan and
the 2009 Long-Term Incentive Plan, respectively.
(4)
Estimated in accordance with Rules 457(c) and (h) under the Securities Act of 1933, as
amended, solely for the purpose of calculating the registration fee, based upon the average
high and low prices of the common stock on February 1, 2010, as reported on the New York Stock
Exchange.
Table of Contents
EXPLANATORY NOTE
Mistras Group, Inc. ("we," "us" or "our") has prepared this registration statement (herein,
together with all amendments and exhibits, referred to as the "Registration Statement") in
accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended (the
"Securities Act"), to register shares of our common stock, $0.01 par value per share, issuable
under one or more of the following plans:
•
1995 Incentive Stock Option and Restricted Stock Purchase Plan;
•
2007 Stock Option Plan; and
•
2009 Long-Term Incentive Plan.
This Form S-8 includes a "reoffer prospectus," prepared in accordance with the requirements of
Part I of Form S-3 under the Securities Act. Pursuant to Instruction C of Form S-8, the reoffer
prospectus may be used for reoffers or resales on a continuous or delayed basis in the future of up
to an aggregate of 2,544,000 shares issuable on exercise of options that may constitute "control
securities" under the Securities Act that have been acquired by the selling stockholders named in
the reoffer prospectus.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Documents that contain the information specified by Part I, Items 1 and 2, of Form S-8 have
been or will be delivered to participants in our 1995 Incentive Stock Option and Restricted Stock
Purchase Plan, 2007 Stock Option Plan and 2009 Long-Term Incentive Plan, as specified in Rule
428(b)(1) promulgated by the Securities and Exchange Commission under the Securities Act and the
instructions to Form S-8. In accordance with the rules and regulations of the Securities and
Exchange Commission and the instructions to Form S-8, such documents are not being filed with the
Securities and Exchange Commission either as part of this Registration Statement or as prospectuses
or prospectus supplements pursuant to Rule 424(b) under the Securities Act. These documents and
the documents incorporated by reference in response to Item 3 of Part II of this Registration
Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of
the Securities Act. A Section 10(a) prospectus will be given to each Recipient who receives common
shares covered by this Registration Statement, in accordance with Rule 428(b)(1) under the
Securities Act.
The reoffer prospectus referred to in the explanatory note follows this page.
i
Table of Contents
REOFFER PROSPECTUS
MISTRAS GROUP, INC.
195 Clarksville Road, Princeton Junction, New Jersey 08550
2,544,000 Shares of Common Stock
To Be Issued Pursuant to
Outstanding Non-qualified Stock Options Under Our
1995 Incentive Stock Option and Restricted Stock Purchase Plan;
2007 Stock Option Plan; and
2009 Long-Term Incentive Plan.
This prospectus relates to an aggregate of up to 2,544,000 shares (the "Shares") of
common stock, par value $0.01 per share, of Mistras Group, Inc., a Delaware corporation ("we," "us"
or "our"), that may be issued to the selling stockholders named in this prospectus
(the "Selling Stockholders") upon the exercise of outstanding non-qualified stock options
previously granted to these individuals pursuant to any of our 1995 Incentive Stock Option and
Restricted Stock Purchase Plan, 2007 Stock Option Plan and 2009 Long-Term Incentive Plan
(collectively, the "Plans"), at exercise prices ranging from $0.38 to $14.67 per share. All
Selling Stockholders are our officers or directors. See "Selling Stockholders."
The Shares are "restricted securities" and, in some cases, "control securities" under the
Securities Act of 1933, as amended (the "Securities Act"). The Selling Stockholders, or their
donees, pledgees, transferees or other successors-in-interest, will determine when to sell all or a
portion of the Shares, and may sell all or a portion of the Shares at the then-prevailing market
price or at prices negotiated at the time of sale.
We will not receive any proceeds from any sale of the Shares. We are paying the expenses
incurred in registering the Shares and the preparation of this prospectus, but all selling and
other expenses, including but not limited to any discounts, commissions and applicable transfer
taxes, incurred by the Selling Stockholders, or their donees, pledgees, transferees or other
successors-in-interest, will be borne by such persons. Any person that resells all or a portion of
the Shares pursuant to this prospectus may be deemed an "underwriter" within the meaning of the
Securities Act.
Our common stock is traded on the New York Stock Exchange under the symbol "MG." On February
1, 2010, the last reported price of our common stock on the New York Stock Exchange was $14.38 per
share.
Investing in our securities involves risk. You should read carefully the risk factors we
refer to in "Risk Factors" in this prospectus before investing in our securities.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.
The date of this Prospectus is February 3, 2010.
Important Note Regarding Forward-Looking Statements
1
Prospectus Summary
2
Risk Factors
7
Use of Proceeds
7
Selling Stockholders
7
Plan of Distribution
8
Transfer Agent
9
Legal Matters
10
Experts
10
Where You Can Find More Information
10
Incorporation of Certain Information by Reference
10
Information with Respect to the Registrant
11
EX-5.1
EX-23.1
EX-99.1
You should rely on the information contained in or incorporated by reference into this
prospectus or any prospectus supplement filed with the Securities and Exchange Commission (the
"Commission"). Neither we nor the Selling Stockholders have authorized any person to give any
information or to make any representations other than those contained or incorporated by reference
in this prospectus, and, if given or made, you must not rely upon such information or
representations as having been authorized. This prospectus does not constitute an offer to sell or
the solicitation of an offer to buy securities other than our shares of common stock described in
this prospectus or an offer to sell or the solicitation to buy such securities in any circumstances
in which such offer or solicitation is unlawful. You should not assume that the information we
have included in this prospectus is accurate as of any date other than the date of this prospectus
or that any information we have incorporated by reference is accurate as of any date other than the
date of the document incorporated by reference regardless of the time of delivery of this
prospectus or of any securities registered hereunder.
IMPORTANT NOTE REGARDING FORWARD LOOKING STATEMENTS
This prospectus contains "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about us,
including but not limited to statements about our products and services, business model, strategy
and growth opportunities, profitability and competitive position. Forward-looking statements
describe future expectations, plans, results or strategies and are generally preceded by words such
as "future," "planned," "projected," "possible," "potential," or "targeted," and "anticipate,"
"believe," "estimate," "expect," "intend," "plan," "predict," "project," "will," "may," "should,"
"could," "would" and other similar words and phrases. You are cautioned that such statements should
not be read as a guarantee of future performance or results, and will not necessarily be accurate
indications of the times at, or by which, such performance or results will have been achieved. Such
statements are subject to risks and uncertainties that could cause actual performance or results to
differ materially from those expressed in these statements. Important factors that could cause such
differences include, but are not limited to, those discussed in the "Risk Factors" section of the
final prospectus in connection with our initial public offering filed with the Commission on
October 9, 2009, such as (i) the current economic downturn; (ii) loss of or reduction in business
with a significant customer; (iii) adverse change in the industries we serve, which include oil and
gas, power transmission and generation, chemical, aerospace and infrastructure; (iv) our ability to
manage our salary and compensation costs, particularly as to billable time; (v) our ability to
generate cash from operations, secure external funding for our operations and manage our liquidity
needs; (vi) market acceptance of our products and services; (vii) significant changes in the
competitive environment; (viii) catastrophic events that cause disruptions to our business or the
business of our customers; (ix) the ability to attract and train engineers, scientists, and skilled
technicians; and (x) any accidents or incidents involving our asset protection solutions.
You should consider these factors in evaluating the forward-looking statements included in
this prospectus and not place undue reliance on such statements. The forward-looking statements are
made as of the date hereof, and we undertake no obligation to update such statements as a result of
new information, future events or otherwise.
1
Table of Contents
PROSPECTUS SUMMARY
The following is only a summary. We urge you to read the entire prospectus, including
the more detailed consolidated financial statements, notes to the consolidated financial statements
and other information included herein or incorporated herein by reference from our other filings
with the Commission. Investing in our securities involves risks. Therefore, please carefully
consider the risk factors described in our filings with the Commission, including those disclosed
under "Risk Factors" in our prospectus filed with the Commission pursuant to Rule
424(b)(4)
under
the Securities Act on October 9, 2009, before deciding to invest in our common stock. In this
prospectus, our fiscal years, which end on May 31, are identified according to the calendar year in
which they end (e.g., the fiscal year ended May 31, 2009 is referred to as "fiscal 2009"), and
unless otherwise specified or the context otherwise requires, "Mistras," "we," "us" and "our" refer
to Mistras Group, Inc. and its consolidated subsidiaries and their predecessors.
Our Business
We are a leading global provider of technology-enabled asset protection solutions used to
evaluate the structural integrity of critical energy, industrial and public infrastructure. We
combine industry-leading products and technologies, expertise in mechanical integrity (MI) and
non-destructive testing (NDT) services and proprietary data analysis software to deliver a
comprehensive portfolio of customized solutions, ranging from routine inspections to complex,
plant-wide asset integrity assessments and management. These mission critical solutions enhance our
customers' ability to extend the useful life of their assets, increase productivity, minimize
repair costs, comply with governmental safety and environmental regulations, manage risk and avoid
catastrophic disasters. Given the role our services play in ensuring the safe and efficient
operation of infrastructure, we have historically provided a majority of our services to our
customers on a regular, recurring basis. We serve a global customer base of companies with
asset-intensive infrastructure, including companies in the oil and gas, fossil and nuclear power,
public infrastructure, chemicals, aerospace and defense, transportation, primary metals and
metalworking, pharmaceuticals and food processing industries. As of December 31, 2009, we had
approximately 2,150 employees, including 29 Ph.D.'s and more than 100 other degreed engineers and
highly-skilled, certified technicians, in 68 offices across 15 countries. We have established
long-term relationships as a critical solutions provider to many leading companies, including
American Electric Power, Bayer, Bechtel, BP, Chevron, Dow Chemical, Duke Energy, DuPont, Embraer,
ExxonMobil, First Energy, General Electric, Pfizer, Rio Tinto Alcan, Rolls Royce, Shell, The Boeing
Company and Valero, and to various federal, state and local governmental infrastructure and defense
authorities, including the departments of transportation of several states.
Our asset protection solutions have evolved over time as we have combined the disciplines of
NDT, MI services and data analysis software to provide value to our customers. The foundation of
our business is NDT, which is the examination of assets without impacting the future usefulness or
impairing the integrity of these assets. The ability to inspect infrastructure assets and not
interfere with their operating performance makes NDT a highly attractive alternative to many
traditional intrusive inspection techniques, which may require dismantling equipment or shutting
down a plant, refinery, mill or site. Our MI services are a systematic engineering-based approach
to developing best practices for ensuring the on-going integrity and safety of equipment and
industrial facilities. MI services involve conducting an inventory of infrastructure assets,
developing and implementing inspection and maintenance procedures, training personnel in executing
these procedures and managing inspections, testing and assessments of customer assets. By assisting
customers in implementing MI programs we enable them to identify gaps between existing and desired
practices, find and track deficiencies and degradations to be corrected and establish quality
assurance standards for fabrication, engineering and installation of infrastructure assets. We
believe our MI services improve plant safety and reliability and regulatory compliance, and in so
doing reduce maintenance costs. Our solutions also incorporate comprehensive data analysis from our
proprietary asset protection software to provide customers with detailed, integrated and
cost-effective solutions that rate the risks of alternative maintenance approaches and recommend
actions in accordance with consensus industry codes and standards.
As a global asset protection leader, we provide a comprehensive range of solutions that
includes traditional outsourced NDT inspection services, advanced asset protection solutions, such
as MI services, and a proprietary portfolio of both hardware and software products and systems for
capturing and analyzing inspection data in real-time. Our solutions are targeted to optimize the
safety and operational performance of infrastructure-intensive
2
Table of Contents
industries during the design, fabrication, maintenance, inspection and retirement phases of
the asset's life. Since inception, we have increased our capabilities and the size of our customer
base through the development of applied technologies and managed support services, organic growth
and the successful and seamless integration of acquired companies. These acquisitions have provided
us with additional products, technologies, resources and customers that have enhanced our
sustainable competitive advantages over our competition.
We generated revenues of $209.1 million, $152.3 million and $122.2 million and adjusted EBITDA
of $31.1 million, $28.1 million and $19.2 million for fiscal 2009, 2008 and 2007, respectively.
Our Industry
Asset protection is a large and rapidly growing industry that consists of NDT inspection, MI
services and inspection data warehousing and analysis. NDT plays a crucial role in assuring the
operational and structural integrity of critical infrastructure without compromising the usefulness
of the tested materials or equipment. The evolution of NDT services, in combination with broader
industry trends and regulatory requirements, has made NDT an integral and increasingly outsourced
part of many asset-intensive industries. Well-publicized industrial and public infrastructure
failures and accidents have also raised the level of awareness of regulators, as well as owners and
operators, of the benefits that asset protection can provide.
We believe the following key dynamics drive the growth of the asset protection industry:
•
Extending the Useful Life of Aging Infrastructure.
The prohibitive cost and
challenge of building new infrastructure has resulted in the significant aging of
existing infrastructure and caused companies to seek ways to extend the useful life
of existing assets. Because aging infrastructure requires relatively higher levels
of maintenance and repair, as well as more frequent, extensive and ongoing testing,
companies and public authorities are increasing spending to ensure the operational
and structural integrity of existing infrastructure.
•
Outsourcing of Non-Core Activities and Technical Resource Constraints.
While
some of our customers have historically performed NDT services in-house, the
increasing sophistication and automation of NDT programs, together with a
decreasing supply of skilled professionals and stricter governmental regulations,
has led many companies and public authorities to outsource NDT to providers that
have the necessary technical product portfolio, engineering expertise, technical
workforce and proven track record of results-oriented performance to effectively
meet their increasing requirements.
•
Increasing Asset and Capacity Utilization.
Due to high energy prices, high
repair and replacement costs and the limited construction of new infrastructure,
existing infrastructure in some of our target markets is being used at higher
capacities, causing increased stress and fatigue that accelerate deterioration. In
order to sustain high capacity utilization rates, customers are increasingly using
asset protection solutions to efficiently ensure the integrity and safety of their
assets. Implementation of asset protection solutions can lead to increased
productivity as a result of reduced maintenance-related downtime.
•
Increasing Corrosion from Low-Quality Inputs.
High commodities prices and
increasing energy demands have led to the use of lower grade inputs and feedstock,
such as low-grade coal or petroleum, in the refinery and power generation
processes. These lower grade inputs can rapidly corrode the infrastructure they
come into contact with, which in turn increases the need for asset protection
solutions to identify such corrosion and enable infrastructure owners to
proactively combat the problems caused by such corrosion.
•
Increasing Use of Advanced Materials.
Customers in our target markets are
increasingly utilizing advanced materials and other unique technologies in the
manufacturing and construction of new infrastructure and aerospace applications. As
a result, they require advanced testing, assessment and maintenance technologies to
protect these assets. We believe that demand for NDT solutions
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will increase as companies and public authorities continue to use these advanced
materials, not only during the operating phase of the lifecycle of their assets, but
also during the design and construction phases by incorporating technologies such as
embedded sensors.
•
Meeting Safety Regulations.
Owners and operators of infrastructure assets
increasingly face strict government regulations and safety requirements. Failure to
meet these standards can result in significant financial liabilities, increased
scrutiny by the Occupational Safety & Health Administration (OSHA) and other
regulators, higher insurance premiums and tarnished corporate brand value. As a
result, these owners and operators are seeking highly reliable asset protection
suppliers with a proven track record of providing asset protection services,
products and systems to assist them in meeting these increasingly stringent
regulations.
•
Expanding Addressable End-Markets.
Advances in NDT sensor technology and asset
protection software systems, and the continued emergence of new technologies, are
creating increased demand for asset protection solutions in applications where
existing techniques were previously ineffective. Further, we expect increased
demand in relatively new markets, such as the pharmaceutical and food processing
industries, where infrastructure is only now aging to a point where significant
maintenance is required.
•
Expanding Addressable Geographies.
We believe that a substantial driver of
incremental demand will come from international markets, as companies and
governments in these markets build and maintain infrastructure and applications
that require the use of asset protection solutions.
Our Competitive Strengths
We believe the following competitive strengths contribute to our being a leading provider of
asset protection solutions and will allow us to further capitalize on growth opportunities in our
industry:
•
Single Source Provider for Asset Protection Solutions Worldwide.
We believe we
are the only company with a comprehensive portfolio of proprietary and integrated
asset protection solutions, including services, products and systems worldwide,
which positions us to be the leading single source provider for a customer's asset
protection requirements. In addition, collaboration between our services teams and
product design engineers generates enhancements to our services, products and
systems, which provide a source of competitive advantage compared to companies that
provide only NDT services or NDT products.
•
Long-Standing Trusted Provider to a Diversified and Growing Customer Base.
By
providing critical and reliable NDT services, products and systems for more than 30
years and expanding our asset protection solutions, we have become a trusted
partner to a large and growing customer base across numerous
infrastructure-intensive industries globally. Seven of our top 10 customers by
fiscal 2009 revenues have used our solutions for at least 10 years. We leverage our
strong relationships to sell additional solutions to our existing customers while
also attracting new customers. As asset protection is increasingly recognized by
our customers as a strategic advantage, we believe our reputation and history of
successful execution are key competitive differentiators.
•
Repository of Customer-Specific Inspection Data.
Our enterprise software
solutions enable us to capture and store our customers' testing and inspection data
in a centralized database. As a result, we have accumulated large amounts of
proprietary information that allows us to provide our customers with value-added
services, such as benchmarking, predictive maintenance, inspection scheduling, data
analytics and regulatory compliance. We believe our ability to provide these
customized products and services, along with the high cost of switching to an
alternative vendor, provide us with significant competitive advantages.
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•
Proprietary Products, Software and Technology Packages.
We have developed
systems that have become the cornerstone of several unique NDT applications. These
proprietary products allow us to efficiently and effectively provide unique
solutions to our customers' complex applications, resulting in a significant
competitive advantage. In addition to the proprietary products and systems that we
sell to customers on a stand-alone basis, we also develop a range of proprietary
sensors, instruments, systems and software used exclusively by our Services
segment.
•
Deep Domain Knowledge and Extensive Industry Experience.
We are an industry
leader in developing advanced asset protection solutions, including acoustic
emission (AE) testing for non-intrusive on-line monitoring of storage tanks and
pressure vessels, bridges and transformers, portable corrosion mapping, ultrasonic
testing (UT) systems, on-line plant asset integrity management with sensor fusion,
enterprise software solutions for plant-wide and fleet-wide inspection data
archiving and management, advanced and thick composites inspection and ultrasonic
phased array inspection of thick wall boilers. In addition, many of the members of
our team have been instrumental in developing the testing standards followed by
international standards-setting bodies, such as the American Society of
Non-Destructive Testing and comparable associations in other countries.
•
Collaborating with Our Customers.
Our asset protection solutions have
historically been designed in response to our customers' unique performance
specifications and are supported by our proprietary technologies. Our sales and
engineering teams work closely with our customers' research and design staff during
the design phase of our products in order to incorporate our products into
specified infrastructure projects. As a result, we believe that our close,
collaborative relationships with our customers provide us a significant competitive
advantage.
•
Experienced Management Team.
Our management team has a track record of
leadership in NDT, averaging over 20 years experience in the industry. These
individuals also have extensive experience in growing businesses organically and in
acquiring and integrating companies, which we believe is important to facilitate
future growth in the fragmented asset protection industry.
Our Growth Strategy
Our growth strategy emphasizes the following key elements:
•
Continue to Develop Technology-Enabled Asset Protection Services, Products and
Systems.
We intend to maintain and enhance our technological leadership by
continuing to invest in the internal development of new services, products and
systems. Our highly trained team of Ph.D.'s, engineers and highly-skilled,
certified technicians have been instrumental in developing numerous significant NDT
standards, and we believe their knowledge base will enable us to innovate a wide
range of new asset protection solutions more rapidly than our competition.
•
Increase Revenues from Our Existing Customers.
Many of our customers are
multinational corporations with asset protection requirements from multiple
divisions at multiple locations across the globe. Currently, we capture a
relatively small portion of their overall expenditures on these solutions. We
believe our superior services, products and systems, combined with the trend of
outsourcing asset protection solutions to a small number of trusted service
providers, positions us to significantly expand both the number of divisions and
locations that we serve as well as the types of solutions we provide.
•
Add New Customers in Existing Target Markets.
Our current customer base
represents a small fraction of the total number of companies in our target markets.
Our scale, scope of products and services and expertise in creating
technology-enabled solutions have allowed us to build a reputation for high quality
and has increased customer awareness about us and our asset protection solutions.
We intend to continue to leverage our competitive strengths to win new business as
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customers in our existing target markets continue to seek a single source and
trusted provider of advanced asset protection solutions.
•
Expand Our Customer Base into New End Markets.
We believe we have significant
opportunities to rapidly expand our customer base in relatively new end markets,
including the maritime shipping, wind turbine and other alternative energy and
natural gas transportation industries and the market for public infrastructure,
such as highways and bridges. The expansion of our addressable markets is being
driven by the increased recognition and adoption of asset protection services,
products and systems and new NDT technologies enabling further applications to
address additional end-market needs and aging infrastructure.
•
Continue to Capitalize on Acquisitions.
We intend to continue employing a
disciplined acquisition strategy to broaden, complement and enhance our product and
service offerings, add new customers and certified personnel, expand our sales
channels, supplement our internal development efforts and accelerate our expected
growth. We believe the market for asset protection solutions is highly fragmented
with a large number of potential acquisition opportunities. We have a proven
ability to integrate complementary businesses, as demonstrated by the success of
our past acquisitions. We believe we have improved the operational performance and
profitability of our acquired businesses by successfully integrating and selling
our suite of comprehensive asset protection solutions to the customers of these
acquired businesses.
THIS OFFERING
This prospectus relates to the resale by the Selling Stockholders of up to 2,544,000 shares of
common stock issuable upon the exercise of options to purchase common stock. The Selling
Stockholders may sell the Shares from time to time at prevailing market prices. Except for the
aggregate purchase price of the options exercised by the Selling Stockholders in connection with
the sale of the Shares, we will not receive any proceeds from the sale of the Shares by the Selling
Stockholders.
Common Stock Offered by Selling Stockholders
2,544,000 shares
Offering Price
The Selling Stockholders and
any of their donees,
pledgees, assignees and
successors-in-interest may
sell any or all of their
Shares on any stock exchange,
market or trading facility on
which the securities are
traded or in private
transactions. The sales may
be at fixed or negotiated
prices.
Common Stock Outstanding at February 1, 2010
26,458,778 shares
Use of Proceeds
Except for the aggregate
purchase price of the options
exercised by the Selling
Stockholders in connection
with the sale of Shares, we
will not receive any proceeds
from the sale of the Shares
by the Selling Stockholders.
NYSE Symbol
MG
Corporate information
Our principal executive offices are located at 195 Clarksville Road, Princeton
Junction, NJ 08550, and our telephone number at that address is (609) 716-4000. Our website is
located at
www.mistrasgroup.com
. Information on, or accessible through, our website is not a part
of, and is not incorporated into, this prospectus.
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RISK FACTORS
An investment in our securities involves a high degree of risk. Before making an investment
decision, we urge you to carefully consider the risks incorporated by reference in this prospectus,
including those risks described under "Risk Factors" in our prospectus filed with the Commission
pursuant to Rule 424(b)(4) under the Securities Act on October 9, 2009 and in our quarterly report
on Form 10-Q for the quarter ended August 31, 2009 filed with the Commission on October 30, 2009,
which are incorporated by reference in this prospectus, and which may be amended, supplemented or
superseded from time to time by other reports we file with the Commission pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Securities and Exchange Act of 1934, as amended (the "Exchange
Act"). For more information, see "Where You Can Find More Information."
Additional risks, including those that related to any particular securities we offer, may be
included in the applicable prospectus supplement or free writing prospectus which we have
authorized, or which may be incorporated by reference into this prospectus or such prospectus
supplement.
Our business, financial condition, results of operations and cash flows could be materially
adversely affected by any of these risks. The market or trading price of our securities could
decline due to any of these risks. Additional risks not presently known to us or that we currently
deem immaterial may also impair our business and operations or cause the price of our securities to
decline.
USE OF PROCEEDS
We will not receive any proceeds from the sale of the Shares by the Selling Stockholders.
SELLING STOCKHOLDERS
This prospectus relates to Shares that are being registered for reoffers and resales by
Selling Stockholders who may acquire Shares pursuant to any of the Plans. The Selling Shareholders
may resell any or all of the Shares at any time while this prospectus is current.
The table below shows the number of shares of common stock beneficially owned by each Selling
Stockholder as of February 1, 2010. Beneficial ownership is determined in accordance with the
rules of the Commission, is based upon 26,458,778 shares outstanding as of February 1,
2010, and generally includes voting or investment power with respect to securities. Options to
purchase shares of common stock that are currently exercisable or exercisable as of or within 60
days after February 1, 2010 are deemed to be outstanding and to be beneficially owned by the person
holding such options for the purpose of computing the percentage ownership of such person but are
not treated as outstanding for the purpose of computing the percentage ownership of any other
person. After the resale of all Shares that may be so offered for resale pursuant to this
prospectus, and assuming no other changes in beneficial ownership of our common stock after the
date of this prospectus, Dr. Vahaviolos would own 42.8% of our common stock and all other Selling
Stockholders would own less than 1% of our common stock.
Executive officers, directors or others who may be deemed to be our "affiliates" as defined in
Rule 144 under the Securities Act who acquire common stock under the Plans may be added to the list
of Selling Stockholders and the Shares to be sold may be increased or decreased by the use of a
prospectus supplement filed with the Commission. The inclusion in the table of the individuals
named therein shall not be deemed to be an admission that any such individuals are our
"affiliates." In addition, certain unnamed non-affiliates, each of whom holds less than the lesser
of 1,000 shares or one percent of the Shares issuable under the Plans, may use this prospectus for
reoffers and resales of Shares up to that amount.
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Shares
Shares
Shares
Beneficially
Beneficially
Offered for
Owned After the
Selling Stockholder
Position (1)
Owned
Resale (2)
Resale (3)
Sotirios J. Vahaviolos
Chairman, President and Chief Executive Officer
11,336,763
1,950,000
11,336,763
Paul "Pete" Peterik
Chief Financial Officer
164,500
(4)
227,500
2,000
Ralph L. Genesi
Group Executive Vice President, Marketing and Sales
2,000
162,500
2,000
Michael J. Lange
Group Executive Vice President, Services
424,000
169,000
424,000
Michael C. Keefe
Executive Vice President, General Counsel and Secretary
—
35,000
—
(1)
All Selling Stockholders are our employees and/or directors. The positions of officers and directors are specifically described.
(2)
Includes Shares subject to vested and unvested options issued under the Plans.
(3)
Assumes that all Shares offered for resale pursuant to this prospectus are sold.
(4)
Represents 2,000 shares beneficially owned by spouse that were purchased pursuant to a directed share program established by the underwriters of our
initial public offering and 162,500 shares underlying fully vested and exercisable options.
PLAN OF DISTRIBUTION
The Shares are being registered on behalf of the Selling Stockholders. We will receive no
proceeds from this offering. As used herein, "Selling Stockholders" includes donees, pledges,
transferees or other successors-in-interest selling Shares received after the date of this
prospectus from a named Selling Stockholder as a gift, pledge or other non-sale transfer.
The decision to exercise options for Shares, or to sell any Shares, is within the discretion
of the holders thereof, subject generally to our policies affecting the timing and manner of sale
of common stock by certain individuals. There can be no assurance that any of the options will be
exercised or any Shares will be sold by the Selling Stockholders.
The Selling Stockholders may sell Shares from time to time as follows (if at all):
•
to or through underwriters, brokers or dealers;
•
directly to one or more other purchasers;
•
through agents on a best-efforts basis; or
•
otherwise through a combination of any of these methods of sale.
If the Selling Stockholders sell Shares through underwriters, dealers, brokers or agents,
those underwriters, dealers, brokers or agents may receive compensation in the form of discounts,
concessions or commissions from the Selling Stockholders and/or the purchasers of the Shares.
The Shares may be sold from time to time:
•
in one or more transactions at a fixed price or prices, which may be
changed;
•
at market prices prevailing at the time of sale;
•
at prices related to prevailing market prices;
•
at varying prices determined at the time of sale; or
•
at negotiated prices.
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These sales may be effected:
•
in transactions on any national securities exchange or quotation
service on which our common stock may be listed or quoted at the time of sale;
•
in transactions in the over-the-counter market;
•
in block transactions in which the broker or dealer so engaged will
attempt to sell the shares of common stock as agent but may position and resell a
portion of the block as principal to facilitate the transaction, or in crosses, in
which the same broker acts as an agent on both sides of the trade;
•
in transactions otherwise than on exchanges or services or in the
over-the-counter market;
•
through the writing of options; or
•
through other types of transactions.
In connection with sales of common stock or otherwise, the Selling Stockholders may enter into
hedging transactions with brokers-dealers or others, who may in turn engage in short sales of the
common stock in the course of hedging the positions they assume. The Selling Stockholders may, to
the extent permissible by law, sell short the common stock and may deliver this prospectus in
connection with short sales and use the Shares covered by the prospectus to cover these short
sales. In addition, any Shares covered by this prospectus that qualify for sale pursuant to Rule
144 or any other available exemption from registration under the Securities Act may be sold under
Rule 144 or another available exemption. There can be no assurance that the Selling Stockholders
will sell any or all of the Shares offered by them hereunder or otherwise.
At the time a particular offering of shares of common stock is made, a prospectus supplement,
if required, will be distributed which will set forth the aggregate amount of shares of common
stock being offered and the terms of the offering, including the name or names of any underwriters,
dealers, brokers or agents, if any, and any discounts, commissions or concessions allowed or
reallowed to be paid to brokers or dealers.
The Selling Stockholders and any underwriters, dealers, brokers or agents who participate in
the distribution of the Shares may be deemed to be "underwriters" within the meaning of the
Securities Act and any profits on the sale of the Shares by them and any discounts, commissions or
concessions received by any underwriters, dealers, brokers or agents may be deemed to be
underwriting discounts and commissions under the Securities Act.
The Selling Stockholders and any other person participating in a distribution of the Shares
will be subject to applicable provisions of the Exchange Act and the rules and regulations under
the Exchange Act, including, without limitation, Regulation M which may limit the timing of
purchases and sales of Shares by the Selling Stockholders and any other person participating in the
distribution. Furthermore, Regulation M under the Exchange Act may restrict the ability of any
person engaged in a distribution of the Shares to engage in market-making activities with respect
to the Shares being distributed for a period of up to five business days prior to the commencement
of the distribution. All of the foregoing may affect the marketability of the Shares and the
ability of any person or entity to engage in market-making activities with respect to the Shares.
All expenses incurred in connection with the registration of the Shares, including printer's
and accounting fees and the fees, disbursements and expenses of our counsel, will be borne by us.
Commissions and discounts, if any, attributable to the sales of the Shares will be borne by the
Selling Stockholders. The Selling Stockholders may agree to indemnify any broker-dealer or agent
that participates in transactions involving sales of the Shares against certain liabilities,
including liabilities arising under the Securities Act.
TRANSFER AGENT
The transfer agent and registrar for our common stock is American Stock Transfer & Trust
Company, located at 59 Maiden Lane, New York, New York 10038.
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LEGAL MATTERS
The legal validity of the securities will be passed upon for us by Fulbright & Jaworski
L.L.P., New York, New York.
EXPERTS
The financial statements incorporated in this prospectus by reference to the prospectus filed
with the Commission pursuant to Rule 424(b) under the Securities Act on October 9, 2009, relating
to our registration statement on Form S-1 (File No. 333-151559) have been so incorporated in
reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting
firm, given on the authority of said firm as experts in auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the information requirements of the Exchange Act, and, in accordance
therewith, files reports, proxy statements and other information with the Commission. The reports,
proxy statements and other information filed by us with the Commission can be inspected and copied
at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C. 20549.
Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. In addition, reports, proxy materials and other information concerning us may be
inspected at the offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
Additionally, the Commission maintains an Internet site that contains reports, proxy and
information statements and other information regarding registrants that file electronically with
the Commission and that is located at
www.sec.gov
.
This prospectus constitutes part of a registration statement on Form S-8 filed on the date
hereof by us with the Commission under the Securities Act. This prospectus does not contain all of
the information set forth in this Registration Statement, certain parts of which are omitted in
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed heretofore by us with the Commission are hereby incorporated in
this prospectus by reference:
•
Our prospectus filed with the Commission pursuant to Rule 424(b) under the
Securities Act on October 9, 2009, relating to our registration statement on Form
S-1 (File No. 333-151559) and which includes audited financial statements for the
years ended May 31, 2009, May 31, 2008 and May 31, 2007;
•
Our current reports on Form 8-K filed with the Commission on October 20, 2009,
October 27, 2009, December 18, 2009 and January 8, 2010 (except for portions of
such reports which were deemed to be furnished and not filed);
•
Our quarterly reports on Form 10-Q for the quarters ended August 31, 2009 and
November 30, 2009 filed with the Commission on October 30, 2009 and January 12,
2010, respectively;
•
The description of our common stock contained in our registration statement on
Form 8-A (File No. 001-34481) filed with the Commission on October 5, 2009,
pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended,
including any amendment or report filed for the purpose of updating such
description.
All reports and other documents subsequently filed by us pursuant to Section 13(a), 13(c), 14
or 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the Registration
Statement of which this
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prospectus forms a part which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference in this prospectus and to be a part hereof from their respective dates of
filing.
Any statement contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of this prospectus to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such earlier
statement. Any statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this prospectus.
The information relating to us contained in this prospectus should be read together with the
information in the documents incorporated by reference.
We hereby undertakes to provide without charge to each person to whom a copy of this
prospectus has been delivered, upon the written or oral request of any such person, a copy of any
and all of the documents referred to above which have been or may be incorporated in this
prospectus by reference, other than exhibits to such documents which are not specifically
incorporated by reference into such documents. Requests for such copies should be directed to
Mistras Group, Inc., Attention: Michael Keefe, 195 Clarksville Road Princeton Junction, New Jersey
08550, (609) 716-4128.
INFORMATION WITH RESPECT TO THE REGISTRANT
The information pertaining to our company required to be disclosed in this Registration
Statement is incorporated by reference from the documents listed as incorporated by reference
above. Such documents are being delivered with this prospectus. See "Risk Factors" and
"Incorporation of Certain Information by Reference."
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2,544,000 SHARES
MISTRAS GROUP, INC.
COMMON STOCK
PROSPECTUS
FEBRUARY 3, 2010
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. Incorporation of Documents by Reference.
The Registrant, hereby incorporates by reference into this Registration Statement the
following documents and information previously filed with the Commission:
(i) Our prospectus filed with the Commission pursuant to Rule 424(b) under the
Securities Act on October 9, 2009, relating to our registration statement on Form S-1 (File
No. 333-151559) and which includes audited financial statements for our latest fiscal year;
(ii) Our current reports on Form 8-K filed with the Commission on October 20, 2009,
October 27, 2009, December 18, 2009 and January 8, 2010 (except for portions of such reports
which were deemed to be furnished and not filed);
(iii) Our quarterly reports on Form 10-Q for the quarters ended August 31, 2009 and
November 30, 2009 filed with the Commission on October 30, 2009 and January 12, 2010,
respectively;
(iv) The description of our common stock contained in our registration statement on
Form 8-A (File No. 001-34481) filed with the Commission on October 5, 2009, pursuant to
Section 12(b) of the Securities Exchange Act of 1934, as amended, including any amendment or
report filed for the purpose of updating such description.
All documents filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934, as amended (other than Current Reports on Form 8-K furnished pursuant to
Item 2.02 or Item 7.01 of Form 8-K, including any exhibits included with such information, unless
otherwise indicated therein), subsequent to the date of this Registration Statement and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold
or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of filing of such documents.
Any statement contained in this Registration Statement or in a document incorporated or deemed
to be incorporated herein by reference shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that a statement contained herein or in any subsequently
filed document which also is, or is deemed to be, incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
ITEM 4. Description of Securities.
Not applicable.
ITEM 5. Interest of Named Experts and Counsel.
Not applicable.
ITEM 6. Indemnification of Directors and Officers.
Section 145(a) of the Delaware General Corporation Law provides that a Delaware corporation
may indemnify any person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the registrant) by
reason of the fact that the person is or was a director, officer, employee or agent of the
registrant, or is or was serving at the request of the registrant as a director, officer, employee
or agent of another corporation or enterprise, against expenses (including attorneys' fees),
judgments, fines and amounts paid in
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settlement actually and reasonably incurred by the person in connection with such action, suit
or proceeding if the person acted in good faith and in a manner the person reasonably believed to
be in or not opposed to the best interests of the registrant, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe the person's conduct was unlawful.
Section 145(b) provides that a Delaware corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or completed action or suit by
or in the right of the registrant to procure a judgment in its favor by reason of the fact that
such person acted in any of the capacities set forth above, against expenses (including attorneys'
fees) actually and reasonably incurred by the person in connection with the defense or settlement
of such action or suit if the person acted under standards similar to those discussed above, except
that no indemnification may be made in respect of any claim, issue or matter as to which such
person shall have been adjudged to be liable to the registrant unless and only to the extent that
the court in which such action or suit was brought shall determine that despite the adjudication of
liability, such person is fairly and reasonably entitled to be indemnified for such expenses which
the court shall deem proper.
Section 145 further provides that to the extent a director or officer of a corporation has
been successful in the defense of any action, suit or proceeding referred to in subsections (a) and
(b) or in the defense of any claim, issue or matter therein, such person shall be indemnified
against expenses (including attorneys' fees) actually and reasonably incurred by such person in
connection therewith; that indemnification provided for by Section 145 shall not be deemed
exclusive of any other rights to which the indemnified party may be entitled; and that the
registrant may purchase and maintain insurance on behalf of a director or officer of the registrant
against any liability asserted against such person or incurred by such person in any such capacity
or arising out of such person's status as such whether or not the registrant would have the power
to indemnify such person against such liabilities under Section 145.
The registrant's second amended and restated certificate of incorporation provides that, to
the fullest extent permitted by the Delaware General Corporation Law, as the same exists or
hereafter may be amended, a director of the registrant shall not be personally liable to the
registrant or its stockholders for monetary damages for the breach of any fiduciary duty as a
director. The registrant's amended and restated bylaws provide that the registrant shall indemnify
any director or officer of the registrant, and may indemnify any other person, who (a) was or is a
party or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the registrant) by reason of the fact that the person (or the legal representative of
such person) is or was a director, officer, employee or agent of the registrant, or is or was
serving at the request of the registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against expenses (including
attorneys' fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred
by the person in connection with such action, suit or proceeding if the person acted in good faith
and in a manner the person reasonably believed to be in or not opposed to the best interests of the
registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to
believe the person's conduct was unlawful, and (b) was or is a party or is threatened to be made a
party to any threatened, pending or completed action or suit by or in the right of the registrant
to procure a judgment in its favor by reason of the fact that the person is or was a director,
officer, employee or agent of the registrant, or is or was serving at the request of the registrant
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise against expenses (including attorneys' fees) actually and reasonably incurred
by the person in connection with the defense or settlement of such action or suit if the person
acted in good faith and in a manner the person reasonably believed to be in or not opposed to the
best interests of the registrant and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be liable to the
registrant unless and only to the extent that the Delaware Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the Delaware Court of Chancery or such other court
shall deem proper. Section 102(b)(7) of the Delaware General Corporation Law provides that a
certificate of incorporation may contain a provision eliminating or limiting the personal liability
of a director to the registrant or its stockholders for monetary damages for breach of fiduciary
duty as a director, provided that such provision shall not eliminate or limit the liability of a
director: (i) for any breach of the director's duty of loyalty to the registrant or its
stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct
or a knowing
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violation of law; (iii) under Section 174 of the Delaware General Corporation Law; or (iv) for
any transaction from which the director derived an improper personal benefit.
In addition, the registrant has entered into indemnification agreements, with its directors
and executive officers which would require the registrant, among other things, to indemnify them
against certain liabilities which may arise by reason of their status.
The registrant maintains directors' and officers' liability insurance for its officers and
directors.
Reference is made to Item 9 below for the registrant's undertakings with respect to
indemnification for liabilities arising under the Securities Act.
ITEM 7. Exemption from Registration Claimed.
Not Applicable.
ITEM 8. Exhibits.
The information required by this item is set forth on the exhibit index that follows the
signature page of this Registration Statement.
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:
(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 this 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 this 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 percent 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 this Registration Statement or any material change to such
information in this Registration Statement;
Provided, however
, that the registrant undertakes no obligation to make the filings described in
paragraphs (a)(1)(i) and (a)(1)(ii) above if the information required to be included in a
post-effective amendment by those paragraphs is contained in 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 this 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.
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(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 (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange
Act of 1934) that is incorporated by reference in this 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
provisions described under Item 6 above, 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 of 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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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Princeton Junction, New Jersey, on February 3, 2010.
MISTRAS GROUP, INC.
By:
/s/ Michael C. Keefe
Michael C. Keefe
Executive Vice President, General Counsel
and Secretary
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POWER OF ATTORNEY
We, the undersigned officers and directors of Mistras Group, Inc., hereby severally constitute
and appoint Dr. Sotirios J. Vahaviolos, Mr. Paul Peterik and Mr. Michael C. Keefe, and each of them
singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution in each of them for him and in his name,
place and stead, and in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, 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, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in and about the
premises, as full to all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents or any of them, or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
Sotirios J. Vahaviolos
Sotirios J. Vahaviolos
Chairman,
President, Chief
Executive Officer
(
Principal
Executive Officer
)
and Director
February 3, 2010
Paul Peterik
Paul Peterik
Chief Financial
Officer
(
Principal
Financial and
Accounting Officer
)
February 3, 2010
Elizabeth Burgess
Elizabeth Burgess
Director
February 3, 2010
Daniel M. Dickinson
Daniel M. Dickinson
Director
February 3, 2010
James J. Forese
James J. Forese
Director
February 3, 2010
Richard H. Glanton
Richard H. Glanton
Director
February 3, 2010
Michael J. Lange
Michael J. Lange
Director
February 3, 2010
Manuel N. Stamatakis
Manuel N. Stamatakis
Director
February 3, 2010
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EXHIBIT INDEX
Exhibit No.
Exhibit Description
4.1*
Specimen certificate evidencing shares of common stock
5.1
Opinion of Fulbright & Jaworski L.L.P. regarding legality of securities being registered
23.1
Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm
23.2
Consent of Counsel (contained in Exhibit 5.1)
24.1
Power of Attorney (included as part of signature page to this Registration Statement)
99.1
1995 Incentive Stock Option and Restricted Stock Purchase Plan
99.2*
2007 Stock Option Plan and forms of agreements thereunder
99.3*
2009 Long-Term Incentive Plan and forms of agreements thereunder
*
Incorporated by reference to exhibits filed with the Registrant's Registration Statement on
Form S-1, as amended (Registration No. 333-151559), as declared effective on October 7, 2009.