EXPLANATORY NOTE/DEREGISTRATION OF SECURITIES
PASSUR Aerospace, Inc., a New York corporation (“PASSUR” or the “Company”), with its fiscal year ending October 31st, 2022, is filing these post-effective amendments (the “Post-Effective Amendments”) to the following Registration Statements on Form S-8 (the “Registration Statements”), which have been previously filed with the Securities and Exchange Commission (the “SEC”), to deregister and any all shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), registered but unsold or otherwise unissued under each such Registration Statement as of the date hereof:
1.Registration Statement No. 333-236244, filed with the SEC on February 4, 2020, registering 5,000,000 shares of Common Stock issuable under the PASSUR Aerospace, Inc. 2019 Stock Incentive Plan.
2.Registration Statement No. 333-217672, filed with the SEC on May 4, 2017, registering 1,500,000 shares of Common Stock issuable under the PASSUR Aerospace, Inc. 2009 Stock Incentive Plan.
3.Registration Statement No. 333-208590, filed with the SEC on December 17, 2015, registering 500,000 shares of Common Stock issuable under the PASSUR Aerospace, Inc. 2009 Stock Incentive Plan.
4.Registration Statement No. 333-172472, filed with the SEC on February 25, 2011, registering 500,000 shares of Common Stock issuable under the PASSUR Aerospace, Inc. 2009 Stock Incentive Plan.
5.Registration Statement No. 333-161791, filed with the SEC on September 8, 2009, registering 500,000 shares of Common Stock issuable under the PASSUR Aerospace, Inc. 2009 Stock Incentive Plan.
On November 1, 2022, the Company announced its intention to apply for the voluntary deregistration from the reporting requirements under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with the SEC. In connection with the Company’s voluntary decision to deregister, the Company has terminated any and all offerings pursuant to the Registration Statements. Accordingly, this filing is made pursuant to an undertaking made by the Company in Part II of each Registration Statement to remove from registration by means of a post-effective amendment any securities that had been registered for issuance but remain unsold at the termination of each offering. The Company, by filing these Post-Effective Amendments, hereby terminates the effectiveness of the Registration Statements and removes from registration any and all securities registered but unsold or otherwise unissued under the Registration Statements as of the date hereof.
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints Brian G. Cook and Allison O’Neill, and each of them, his or her true and lawful attorneys-in-fact and agents, each acting alone, with full power of substitution and re-substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign these Post-Effective Amendments to the Registration Statements on Form S-8, including any amendments or supplements hereto, and to file the same, with all exhibits thereto and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto each of said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite, necessary and appropriate to be done with respect to these Post-Effective Amendments to the Registration Statements on Form S-8 or any amendments or supplements hereto, as fully to all intents and purposes as he or she might or could do in person, and hereby ratifies and confirms all said attorneys-in-fact and agents, and each of them, or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act, these Post-Effective Amendments to the Registration Statements on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Signature
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/s/ Brian G. Cook
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| President, Chief Executive Officer and Director
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| November 1, 2022
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Brian G. Cook
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| (Principal Executive Officer)
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/s/ Allison O’Neill
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| Executive Vice President of Finance and Administration
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| November 1, 2022
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Allison O’Neill
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| (Principal Financial and Accounting Officer)
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/s/ G.S. Beckwith Gilbert
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| Non-Executive Chairman of the Board and Director
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| November 1, 2022
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G.S. Beckwith Gilbert
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/s/ Michael Hulley
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| Director
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| November 1, 2022
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Michael Hulley
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/s/ Kurt J. Ekert
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| Director
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| November 1, 2022
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Kurt J. Ekert
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/s/ Paul L. Graziani
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| Director
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| November 1, 2022
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Paul L. Graziani
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/s/ Richard L. Haver
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| Director
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| November 1, 2022
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Richard L. Haver
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/s/ Ronald V. Rose
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| Director
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| November 1, 2022
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Ronald V. Rose
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/s/ Robert M. Stafford
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| Director
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| November 1, 2022
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Robert M. Stafford
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/s/ Michael Schumaecker
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| Director
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| November 1, 2022
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Michael Schumaecker
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