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<P ALIGN="CENTER"><FONT SIZE=2><B>As filed with the Securities and Exchange Commission on September&nbsp;17, 2001.  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>WASHINGTON, D.C. 20549  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>FORM S-8<BR>  </B></FONT><FONT SIZE=2><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=5><B>SOUTHWALL TECHNOLOGIES&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter) </FONT></P>

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<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><B>Delaware</B></FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><B>94-2251470</B></FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>(State or other jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>(I.R.S. employer identification no.)</FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><B>1029 Corporation Way, Palo Alto, California</B></FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><B>94303</B></FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>(Address of principal executive offices)</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>(Zip Code)</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><B>1998 Stock Plan for Employees and Consultants<BR>
1997 Stock Incentive Plan<BR>
1997 Employee Stock Purchase Plan<BR>  </B></FONT><FONT SIZE=2>(Full title of the plans) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Robert Freeman<BR>
Senior Vice President and Chief Financial Officer<BR>
Southwall Technologies&nbsp;Inc.<BR>
1029 Corporation Way<BR>
Palo Alto, California 94303<BR>  </B></FONT><FONT SIZE=2>(Name and address of agent for service) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>(650)&nbsp;962-9111<BR>  </B></FONT><FONT SIZE=2>(Telephone number, including area code, of agent for service) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>CALCULATION OF REGISTRATION FEE  </B></FONT></P>

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<TD WIDTH="36%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Title of securities<BR>
to be registered</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Amount<BR>
to be registered(1)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Proposed<BR>
maximum offering price<BR>
per share (2)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Proposed<BR>
maximum aggregate<BR>
offering price (2)</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1><B>Amount of<BR>
registration fee</B></FONT></TD>
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<TD WIDTH="36%" VALIGN="BOTTOM"><FONT SIZE=2><B>Common Stock, $.001 par value</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><B>850,000</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><B>$4.72</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><B>$4,012,000</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=2><B>$1,003</B></FONT></TD>
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<DT><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>This
registration statement shall also cover any additional number of shares as may be required pursuant to the plans in the event of a stock dividend, split-up of
shares, recapitalization or other similar change in the Common Stock of Southwall Technologies&nbsp;Inc.
<BR><BR></FONT></DD><DT><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Estimated
solely for the purpose of calculating the registration fee, in accordance with Rule&nbsp;457(h)(1), on the basis of the average of the high and low prices of the Common
Stock as reported on the Nasdaq National Market on September&nbsp;11, 2001. </FONT></DD></DL>
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<BR></FONT><FONT SIZE=2><B>EXPLANATORY NOTE    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This
Registration Statement has been prepared in accordance with the requirements of Form&nbsp;S-8, as amended, and relates to 850,000 shares of Common Stock, $.001 par
value per share, of Southwall Technologies&nbsp;Inc. (the "Company"). 500,000 of those shares represent the increase in the number of shares issuable under the Company's 1997 Stock Incentive Plan
(the "1997 Plan"), 50,000 of those shares represent the increase in the number of shares issuable under the Company's 1997 Employee Stock Purchase Plan (the "1997 Purchase Plan") and 300,000 of those
shares represent the increase in the number of shares issuable under the Company's 1998 Stock Option Plan for Employees and Consultants (the "1998 Plan"). The Company previously filed with the
Securities and Exchange Commission (the "Commission"), on June&nbsp;2, 2000, May&nbsp;26, 1999, October&nbsp;28, 1998, and August&nbsp;25, 1997, Registration Statements on
Form&nbsp;S-8 (File Nos. 333-38530, 333-79359, 333-662777, and 333-34287, respectively), covering an aggregate of 900,000 shares of the
Company's Common Stock then reserved for issuance under the 1997 Plan, an aggregate of 175,000 shares of the Company's Common Stock then reserved for issuance under the 1997 Purchase Plan and an
aggregate of 400,000 shares of the Company's Common Stock then reserved for issuance under the 1998 Plan. </FONT></P>

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<BR></FONT><FONT SIZE=2><B>PART II    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT  </B></FONT></P>

<P><FONT SIZE=2><B>Item 3. Incorporation by Reference.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The following documents are hereby incorporated by reference in this Registration Statement: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The
Company's Annual Report on Form&nbsp;10-K/A for the year ended December&nbsp;31, 2000, containing the Company's audited financial statements for
the fiscal year then ended filed April&nbsp;11, 2001; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The
Company's Quarterly Report on Form&nbsp;10-Q for the quarters ending April&nbsp;1, 2001 filed May&nbsp;16, 2001; and July&nbsp;1, 2001 filed
August&nbsp;8, 2001. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The
description of the Company's Common Stock contained in the Company's registration statement No.&nbsp;0-15930 on Form&nbsp;8-A filed
with the Commission on July&nbsp;6, 1987, under Section&nbsp;12 of the Securities Exchange Act of 1934 (the "1934 Act"), including any amendment or report filed for the purpose of updating such
description. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In
addition, all documents filed by the Company after the initial filing date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and prior to the filing of a post-effective amendment which indicates that all shares registered hereunder have been sold or which
de-registers all shares then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such
documents. </FONT></P>

<P><FONT SIZE=2><B>Item 4. Description of Securities  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

<P><FONT SIZE=2><B>Item 5. Interests of Named Experts and Counsel  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>


<P><FONT SIZE=2><B>Item 6. Indemnification of Officers and Directors  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law authorizes a court to award or a corporation's Board of Directors to grant indemnification to
directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the
Securities Act of 1933 (the "1933 Act"). Southwall's Bylaws provide for mandatory indemnification of its directors and permissible indemnification of officers, employees and other agents to the
maximum extent permitted by the Delaware General Corporation Law. Southwall's Certificate of Incorporation provides that, under the Delaware law, its directors shall not be liable for monetary damages
for breach of their fiduciary duty as directors to Southwall and its stockholders. This provision in the Certificate of Incorporation does not eliminate the fiduciary duty of the directors, and, in
appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware law. In addition, each director will continue to
be subject to liability for breach of the director's duty of loyalty to Southwall for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for
actions leading to improper personal benefit to the director and for payment of dividends or approval of stock repurchases or redemptions that are unlawful under Delaware law. The provision also does
not affect a director's responsibilities under any other law, such as the federal securities laws or state or federal environmental laws. Southwall has entered into Indemnification Agreements with its
officers and directors. The Indemnification Agreements provide Southwall's </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II&#150;1</FONT></P>

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<P><FONT SIZE=2>
officers and directors with further indemnification to the maximum extent permitted by the Delaware General Corporation Law. </FONT></P>

<P><FONT SIZE=2><B>Item 7. Exemption from Registration Claimed.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

<P><FONT SIZE=2><B>Item 8. Exhibits.  </B></FONT></P>

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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Instrument Defining Rights of Stockholders. Reference is made to Registrant's Registration Statement No.&nbsp;0-15930 on Form&nbsp;8-A, which is incorporated herein by reference under the Item 3(c) of this Registration
Statement.</FONT></TD>
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<TD WIDTH="6%"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Opinion and consent of Choate, Hall&nbsp;&amp; Stewart</FONT></TD>
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<TD WIDTH="6%"><FONT SIZE=2>23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Consent of PricewaterhouseCoopers LLP.</FONT></TD>
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<TD WIDTH="6%"><FONT SIZE=2>23.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Consent of Choate, Hall&nbsp;&amp; Stewart is contained in Exhibit&nbsp;5.</FONT></TD>
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<TD WIDTH="6%"><FONT SIZE=2>24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Power of Attorney. Reference is made to page II-3 of this Registration Statement.</FONT></TD>
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<P><FONT SIZE=2><B>Item 9. Undertakings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The
Company hereby undertakes: </FONT></P>

<UL>

<P><FONT SIZE=2>&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 to include any material
information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;that,
for the purpose of determining any liability under the Securities Act of 1933, as amended (the "Securities Act"), 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; and </FONT></P>

<P><FONT SIZE=2>&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. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The
Company hereby undertakes that, for purpose of determining any liability under the Securities Act, each filing of the Company's annual report pursuant to
Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant
to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company 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 Company will, unless in the opinion of 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 Securities Act and will be governed by the final adjudication of such issue. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II&#150;2</FONT></P>

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<BR></FONT><FONT SIZE=2><B>SIGNATURE    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Palo
Alto in the State of California, on September&nbsp;14, 2001. </FONT></P>

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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="64%"><FONT SIZE=2><B>Southwall Technologies&nbsp;Inc.<BR> </B></FONT><FONT SIZE=2>(Registrant)</FONT></TD>
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&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="64%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>THOMAS G. HOOD</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Thomas G. Hood<BR></FONT> <FONT SIZE=2><I>President, Chief Executive Officer, and Director</I></FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc2301_power_of_attorney"> </A>
<A NAME="toc_jc2301_2"> </A>
<BR></FONT><FONT SIZE=2><B>POWER OF ATTORNEY    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>KNOW ALL MEN BY THESE PRESENTS</B></FONT><FONT SIZE=2>, that each individual whose signature appears below constitutes and appoints
Thomas G. Hood and Robert Freeman, jointly and severally, his true and lawful attorneys-in-fact and agents with full powers of substitution, for him and in his name, place and
stead, 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
all 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 and necessary to be in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that 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 thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been signed below on September&nbsp;14, 2001 by the following persons in the capacities
indicated. </FONT></P>

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<TH WIDTH="47%" ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="50%" ALIGN="LEFT"><FONT SIZE=1><B>Capacity<BR> </B></FONT><HR NOSHADE></TH>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>THOMAS G. HOOD</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Thomas G. Hood</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2><BR>
President, Chief Executive Officer and Director<BR>
(Principal Executive Officer)</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>ROBERT FREEMAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Robert Freeman</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2><BR>
Senior Vice President and Chief Financial Officer<BR>
(Principal Financial and Accounting Officer)</FONT></TD>
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<TR VALIGN="BOTTOM">
<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>TADAHIRO MURAKAMI</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Tadahiro Murakami</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>BRUCE J. ALEXANDER</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Bruce J. Alexander</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
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<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>DR. JOSEPH B. REAGAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Dr. Joseph B. Reagan</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
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<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>WALTER C. SEDGWICK</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Walter C. Sedgwick</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
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<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>ROBERT C. STEMPEL</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Robert C. Stempel</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>II&#150;3</FONT></P>

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<FONT SIZE=2><A HREF="#toc_bc2301_1">EXPLANATORY NOTE</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_de2301_1">PART II</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_jc2301_1">SIGNATURE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_jc2301_2">POWER OF ATTORNEY</A></FONT><BR>
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{"company-data": {"conformed-name": "SOUTHWALL TECHNOLOGIES INC /DE/", "cik": "0000813619", "assigned-sic": "3081", "irs-number": "942551470", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-69486", "film-number": "1738568"}, "business-address": {"street1": "1029 CORPORATION WAY", "city": "PALO ALTO", "state": "CA", "zip": "94303", "phone": "4159629111"}}
Prepared by MERRILL CORPORATION
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As filed with the Securities and Exchange Commission on September 17, 2001.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
SOUTHWALL TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
Delaware
94-2251470
(State or other jurisdiction of incorporation or organization)
(I.R.S. employer identification no.)
1029 Corporation Way, Palo Alto, California
94303
(Address of principal executive offices)
(Zip Code)
1998 Stock Plan for Employees and Consultants
1997 Stock Incentive Plan
1997 Employee Stock Purchase Plan
(Full title of the plans)
Robert Freeman
Senior Vice President and Chief Financial Officer
Southwall Technologies Inc.
1029 Corporation Way
Palo Alto, California 94303
(Name and address of agent for service)
(650) 962-9111
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered
Amount
to be registered(1)
Proposed
maximum offering price
per share (2)
Proposed
maximum aggregate
offering price (2)
Amount of
registration fee
Common Stock, $.001 par value
850,000
$4.72
$4,012,000
$1,003
(1)
This
registration statement shall also cover any additional number of shares as may be required pursuant to the plans in the event of a stock dividend, split-up of
shares, recapitalization or other similar change in the Common Stock of Southwall Technologies Inc.
(2)
Estimated
solely for the purpose of calculating the registration fee, in accordance with Rule 457(h)(1), on the basis of the average of the high and low prices of the Common
Stock as reported on the Nasdaq National Market on September 11, 2001.
EXPLANATORY NOTE
This
Registration Statement has been prepared in accordance with the requirements of Form S-8, as amended, and relates to 850,000 shares of Common Stock, $.001 par
value per share, of Southwall Technologies Inc. (the "Company"). 500,000 of those shares represent the increase in the number of shares issuable under the Company's 1997 Stock Incentive Plan
(the "1997 Plan"), 50,000 of those shares represent the increase in the number of shares issuable under the Company's 1997 Employee Stock Purchase Plan (the "1997 Purchase Plan") and 300,000 of those
shares represent the increase in the number of shares issuable under the Company's 1998 Stock Option Plan for Employees and Consultants (the "1998 Plan"). The Company previously filed with the
Securities and Exchange Commission (the "Commission"), on June 2, 2000, May 26, 1999, October 28, 1998, and August 25, 1997, Registration Statements on
Form S-8 (File Nos. 333-38530, 333-79359, 333-662777, and 333-34287, respectively), covering an aggregate of 900,000 shares of the
Company's Common Stock then reserved for issuance under the 1997 Plan, an aggregate of 175,000 shares of the Company's Common Stock then reserved for issuance under the 1997 Purchase Plan and an
aggregate of 400,000 shares of the Company's Common Stock then reserved for issuance under the 1998 Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation by Reference.
The following documents are hereby incorporated by reference in this Registration Statement:
(a) The
Company's Annual Report on Form 10-K/A for the year ended December 31, 2000, containing the Company's audited financial statements for
the fiscal year then ended filed April 11, 2001;
(b) The
Company's Quarterly Report on Form 10-Q for the quarters ending April 1, 2001 filed May 16, 2001; and July 1, 2001 filed
August 8, 2001.
(c) The
description of the Company's Common Stock contained in the Company's registration statement No. 0-15930 on Form 8-A filed
with the Commission on July 6, 1987, under Section 12 of the Securities Exchange Act of 1934 (the "1934 Act"), including any amendment or report filed for the purpose of updating such
description.
In
addition, all documents filed by the Company after the initial filing date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and prior to the filing of a post-effective amendment which indicates that all shares registered hereunder have been sold or which
de-registers all shares then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Officers and Directors
Section 145 of the Delaware General Corporation Law authorizes a court to award or a corporation's Board of Directors to grant indemnification to
directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the
Securities Act of 1933 (the "1933 Act"). Southwall's Bylaws provide for mandatory indemnification of its directors and permissible indemnification of officers, employees and other agents to the
maximum extent permitted by the Delaware General Corporation Law. Southwall's Certificate of Incorporation provides that, under the Delaware law, its directors shall not be liable for monetary damages
for breach of their fiduciary duty as directors to Southwall and its stockholders. This provision in the Certificate of Incorporation does not eliminate the fiduciary duty of the directors, and, in
appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware law. In addition, each director will continue to
be subject to liability for breach of the director's duty of loyalty to Southwall for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for
actions leading to improper personal benefit to the director and for payment of dividends or approval of stock repurchases or redemptions that are unlawful under Delaware law. The provision also does
not affect a director's responsibilities under any other law, such as the federal securities laws or state or federal environmental laws. Southwall has entered into Indemnification Agreements with its
officers and directors. The Indemnification Agreements provide Southwall's
II–1
officers and directors with further indemnification to the maximum extent permitted by the Delaware General Corporation Law.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4
Instrument Defining Rights of Stockholders. Reference is made to Registrant's Registration Statement No. 0-15930 on Form 8-A, which is incorporated herein by reference under the Item 3(c) of this Registration
Statement.
5
Opinion and consent of Choate, Hall & Stewart
23.1
Consent of PricewaterhouseCoopers LLP.
23.2
Consent of Choate, Hall & Stewart is contained in Exhibit 5.
24
Power of Attorney. Reference is made to page II-3 of this Registration Statement.
Item 9. Undertakings
(a) The
Company hereby undertakes:
(1) To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to include any material
information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
(2) that,
for the purpose of determining any liability under the Securities Act of 1933, as amended (the "Securities Act"), 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; and
(3) to
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering.
(b) The
Company hereby undertakes that, for purpose of determining any liability under the Securities Act, each filing of the Company's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant
to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company 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 Company will, unless in the opinion of 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 Securities Act and will be governed by the final adjudication of such issue.
II–2
SIGNATURE
Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Palo
Alto in the State of California, on September 14, 2001.
Southwall Technologies Inc.
(Registrant)
By:
/s/
THOMAS G. HOOD
Thomas G. Hood
President, Chief Executive Officer, and Director
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS
, that each individual whose signature appears below constitutes and appoints
Thomas G. Hood and Robert Freeman, jointly and severally, his true and lawful attorneys-in-fact and agents with full powers of substitution, for him and in his name, place and
stead, 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
all 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 and necessary to be in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that 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 thereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been signed below on September 14, 2001 by the following persons in the capacities
indicated.
Name
Capacity
/s/
THOMAS G. HOOD
Thomas G. Hood
President, Chief Executive Officer and Director
(Principal Executive Officer)
/s/
ROBERT FREEMAN
Robert Freeman
Senior Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
/s/
TADAHIRO MURAKAMI
Tadahiro Murakami
Director
/s/
BRUCE J. ALEXANDER
Bruce J. Alexander
Director
/s/
DR. JOSEPH B. REAGAN
Dr. Joseph B. Reagan
Director
/s/
WALTER C. SEDGWICK
Walter C. Sedgwick
Director
/s/
ROBERT C. STEMPEL
Robert C. Stempel
Director
II–3
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EXPLANATORY NOTE
PART II
SIGNATURE
POWER OF ATTORNEY