A more thorough explanation:

Definition: Form S-8 is a registration statement required by the Securities and Exchange Commission (SEC) for companies that want to issue securities as part of an employee benefit plan. This form is used when companies want to offer stock to employees as part of an incentive plan, profit-sharing plan, bonus, option, or similar security-based compensation.

For a company to be eligible to file Form S-8, they must have filed their periodic reports in the last 12 months. The form is simpler than most registration statements because issuers can incorporate their periodic reports by reference. The issuer only needs to send a prospectus to the employees who benefit from the plan, which can be sent after the issuer files the Form S-8. The form is also not subject to review by the SEC, meaning it is effective immediately.

ABC Corporation wants to offer stock options to their employees as part of their compensation package. To do this, they must file a Form S-8 with the SEC. The form will allow them to issue securities as part of their employee benefit plan without having to go through the full registration process.

Another example is XYZ Corporation, which wants to offer shares of stock to their employees as part of a profit-sharing plan. They must file a Form S-8 to register the securities with the SEC and comply with federal securities laws.

These examples illustrate how companies can use Form S-8 to issue securities as part of their employee benefit plans without having to go through the full registration process. This saves time and money for the company and allows them to offer attractive compensation packages to their employees.