As filed with the Securities and Exchange Commission on February 19, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
_______________________
Omnicom Group Inc. | Omnicom Finance Holdings plc |
(Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
New York (State or other jurisdiction of incorporation or organization) | England and Wales (State or other jurisdiction of incorporation or organization) |
13-1514814 (I.R.S. Employer | Not Applicable (I.R.S. Employer |
437 Madison Avenue New York, New York 10022 (212) 415-3600 | Bankside 3, 90-100 Southwark Street London, SE1 0SW, United Kingdom +44 (0) 20-7298-7007 |
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) | (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) |
_______________________
Michael J. O’Brien, Esq.
Executive Vice President, General Counsel and Secretary
Omnicom Group Inc.
437 Madison Avenue
New York, New York 10022
(212) 415-3600
(Name, address, including zip code, and telephone number, including area code, of agent for service)
_______________________
Copy to:
Rory T. Hood, Esq.
Jones Day
250 Vesey Street
New York, New York 10281
(212) 326-3939
Fax: (212) 755-7306
Approximate date of commencement of proposed sale to the public: From time to time after this registration statement becomes effective.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box:¨
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box:ý
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.¨
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.¨
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.ý
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerý | Accelerated filer ¨ |
Non-accelerated filer¨ | Smaller reporting company ¨ |
Emerging growth company ¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.¨
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered | Amount to be Registered/Proposed Maximum Offering Price Per Unit/Proposed Maximum Aggregate Offering Price(1) | Amount of Registration Fee |
Common Stock of Omnicom Group Inc., par value $.15 per share | ||
Preferred Stock of Omnicom Group Inc., par value $1.00 per share | ||
Debt Securities of Omnicom Group Inc. | ||
Debt Securities of Omnicom Finance Holdings plc | ||
Guarantee by Omnicom Group Inc. of Debt Securities of Omnicom Finance Holdings plc | (2) (2) (2) | (2) |
Subscription Rights of Omnicom Group Inc.(3) | ||
Warrants of Omnicom Group Inc. |
(1) | An indeterminate aggregate initial offering price and number or amount of the securities of each identified class is being registered as may from time to time be sold at indeterminate prices. Separate consideration may or may not be received for securities that are issuable upon conversion of, or in exchange for, or upon exercise of, convertible or exchangeable securities. In accordance with Rules 456(b) and 457(r), the registrant is deferring payment of all of the registration fee. |
(2) | Omnicom Group Inc. will fully and unconditionally guarantee any series of Debt Securities issued by Omnicom Finance Holdings plc. Pursuant to Rule 457(n), no separate registration fee is required with respect to the guarantee. |
(3) | Rights evidencing the right to purchase common stock, preferred stock or warrants. |
OMNICOM GROUP INC. | OMNICOM FINANCE HOLDINGS PLC | |
_______________ | _______________ | |
DEBT SECURITIES | DEBT SECURITIES | |
COMMON STOCK | ||
PREFERRED STOCK | ||
GUARANTEES OF DEBT SECURITIES | ||
SUBSCRIPTION RIGHTS | ||
WARRANTS |
• | shares of its common stock, par value $.15 per share; |
• | shares of its preferred stock, par value $1.00 per share; |
• | senior or subordinated debt securities; |
• | subscription rights to purchase its common stock, preferred stock or warrants; and |
• | warrants to purchase shares of Omnicom Group Inc. common stock or preferred stock. |
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advertising | investor relations | |
branding | marketing research | |
content marketing | media planning and buying | |
corporate social responsibility consulting | merchandising and point of sale | |
crisis communications | mobile marketing | |
custom publishing | multi-cultural marketing | |
data analytics | non-profit marketing | |
database management | organizational communications | |
digital/direct marketing | package design | |
digital transformation | product placement | |
entertainment marketing | promotional marketing | |
experiential marketing | public affairs |
field marketing | public relations | |
financial/corporate business-to-business advertising | retail marketing | |
graphic arts/digital imaging | sales support | |
healthcare marketing and communications | search engine marketing | |
instore design | shopper marketing | |
interactive marketing | social media marketing | |
sports and event marketing |
• | Annual Report of Omnicom Group Inc. on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on February 11, 2020; |
• | Current Report of Omnicom Group Inc. on Form 8-K filed with the SEC on February 19, 2020; |
• | Registration Statement on Form 8-A filed pursuant to Section 12 of the Exchange Act describing Omnicom Group Inc.’s common stock, including any amendments or reports filed for the purpose of updating such description. |
437 Madison Avenue
New York, NY 10022
Attn: Corporate Secretary
(212) 415-3600
repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect our business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019. Except as required under applicable law, we do not assume any obligation to update these forward-looking statements.
• | the title and stated value of the preferred stock; |
• | the number of shares of the preferred stock offered, the liquidation preference per share and the purchase price of the preferred stock; |
• | the dividend rate, period and/or payment date or method of calculation thereof applicable to the preferred stock; |
• | whether dividends shall be cumulative or non-cumulative and, if cumulative, the date from which dividends on the preferred stock shall accumulate; |
• | the provisions for a sinking fund, if any, for the preferred stock; |
• | the provisions for redemption, if applicable, of the preferred stock; |
• | the terms and conditions, if applicable, upon which the preferred stock will be convertible into or exchangeable for other types of securities, including the conversion price (or a manner of calculation thereof) and conversion period; |
• | voting rights, if any, of the preferred stock; |
• | whether interests in the preferred stock will be represented by depositary shares; and |
• | any other specific terms, preferences, rights, limitations or restrictions of the preferred stock. |
• | as otherwise stated in the prospectus supplement; |
• | as otherwise stated in the certificate of designation establishing such series; or |
• | as required by applicable law. |
• | may rank equally with other unsubordinated debt or may be subordinated to other debt the Issuer has or may incur; |
• | may be issued in one or more series with the same or various maturities; |
• | may be issued at a price of 100% of their principal amount or at a premium or discount; and |
• | may be represented by one or more global notes registered in the name of a designated depository’s nominee, and if so, beneficial interests in the global note will be shown on and transfers will be made only through records maintained by the designated depository and its participants. |
• | the title of the debt securities; |
• | ranking of the specific series of debt securities relative to other outstanding indebtedness, including subsidiaries’ debt; |
• | whether the debt securities will be senior or subordinated debt; |
• | if the debt securities are subordinated, the aggregate amount of outstanding indebtedness, as of a recent date, that is senior to the subordinated securities, and any limitation on the issuance of additional senior indebtedness; |
• | the percentage of the principal amount at which the debt securities will be sold and, if applicable, the method of determining the price; |
• | any limit on the aggregate principal amount of the debt securities; |
• | the maturity date or dates; |
• | the interest rate; |
• | the manner in which the amounts of payment of principal of or interest, if any, on the securities of the series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; |
• | the date or dates from which any interest will accrue, or how such date or dates will be determined, and the interest payment date or dates and any related record dates; |
• | the location where payments on the debt securities will be made; |
• | the terms and conditions on which the debt securities may be redeemed at the option of the Issuer; |
• | the terms and conditions on which the debt securities may be repurchased by the Issuer at the option of the holders thereof; |
• | any obligation of the Issuer to redeem, purchase or repay the debt securities pursuant to sinking fund provisions; |
• | any obligation of the Issuer to redeem, purchase or repay the debt securities at the option of a holder upon the happening of any event and the terms and conditions of redemption, purchase or repayment; |
• | if other than denominations of $2,000 and integral multiples of $1,000 in excess thereof, the denominations in which debt securities may be issued; |
• | whether the debt securities will be issuable as global securities; |
• | if other than the principal amount, the portion of the principal amount of the debt securities payable if the maturity is accelerated; |
• | the provisions relating to any security provided for the debt securities; |
• | any events of default not described in “Events of Default” below; |
• | the terms and conditions on which the debt securities may be exchanged or converted into common stock or preferred stock of Omnicom Group Inc.; |
• | the form and terms of any guarantee of or security for the debt securities; |
• | any depositories, interest rate calculation agents or other agents; |
• | any material provisions of the indenture described in this prospectus that do not apply to the debt securities; and |
• | any other terms of the debt securities not inconsistent with the provisions of the applicable indenture. |
• | either (a) the Issuer is the successor person or (b) the successor person is an entity organized under the laws of the United States; |
• | the successor person expressly assumes the Issuer’s obligations with respect to the debt securities and the indenture; |
• | immediately after giving effect to the transaction, no event of default, and no event which, after notice or lapse of time or both, would become an event of default, shall have occurred and be continuing; and |
• | the Issuer or the successor person has delivered to the trustee the certificates and opinions required under the indenture. |
• | to cure any ambiguity, defect or inconsistency; |
• | to comply with the indenture’s provisions regarding successor corporations; |
• | to comply with any requirements of the SEC in connection with the qualification of the indenture under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”); |
• | to provide for global securities in addition to or in place of certificated debt securities; |
• | to add to, change or eliminate any of the provisions of the indenture with respect to any series of debt securities; although no such addition, change or elimination may apply to any series of debt security created prior to the execution of such amendment and entitled to the benefit of such provision, nor may any such amendment modify the rights of a holder of any such debt security with respect to such provision, unless the amendment becomes effective only when there is no outstanding debt security of any series created prior to such amendment and entitled to the benefit of such provision; |
• | in the case of subordinated debt securities, to make any change in the provisions of the indenture relating to subordination that would limit or terminate the benefits available to any holder of senior indebtedness under such provisions (but only if each such holder of senior indebtedness consents to such change); |
• | to make any change that does not materially adversely affect in any material respect the legal rights of any holder; or |
• | to establish additional series of debt securities as permitted by the indenture. |
• | reduce the percentage of securities whose holders need to consent to the modification; |
• | reduce the rate or change the time of payment of interest on the securities; |
• | reduce the principal amount of or the premium, if any, on the securities; |
• | change the fixed maturity of any of the securities; |
• | reduce the amount of, or postpone the date fixed for, the payment of any sinking fund; |
• | reduce the principal amount payable upon acceleration of the maturity of any securities issued originally at a discount; |
• | in the case of any subordinated debt security or coupons appertaining thereto, make any change in the provisions of the indenture relating to subordination that adversely affects the rights of any holder under such provisions; |
• | waive a default in the payment of the principal amount of, the premium, if any, or any interest on the securities; |
• | change the currency in which any of the securities are payable; |
• | impair the right to sue for the enforcement of any payment on or after the maturity of the securities; or |
• | waive a redemption payment with respect to the securities. |
• | failure to pay required interest on any debt security of such series for 30 days; |
• | failure to pay principal, other than a scheduled installment payment, or premium, if any, on any debt security of the series when due; |
• | failure to make any required deposit of any sinking fund payment when due; |
• | failure to perform for 60 days after notice any other covenant in the applicable indenture (other than a covenant included in the applicable indenture solely for the benefit of a series of debt securities other than such series); |
• | (A) the Issuer’s failure to make any payment by the end of any applicable grace period after maturity of its indebtedness, which term as used in the applicable indenture means obligations (other than nonrecourse obligations) of the Issuer for borrowed money or evidenced by bonds, debentures, notes or similar instruments in an amount (taken together with amounts in (B)) in excess of $100 million and continuance of such failure, or (B) the acceleration of its indebtedness in an amount (taken together with the amounts in (A)) in excess of $100 million because of a default with respect to such indebtedness without such indebtedness having been discharged or such acceleration having been cured, waived, rescinded or annulled in case of (A) or (B) above, for a period of 30 days after written notice to the Issuer by the trustee or to the Issuer and the trustee by the holders of not less than 25% in aggregate principal amount of the notes then outstanding; however, if any such failure or acceleration referred to in (A) or (B) above shall cease or be cured or be waived, rescinded or annulled in accordance with the terms of the applicable debt security, then the event of default by reason thereof shall be deemed not to have occurred; |
• | certain events of bankruptcy or insolvency, whether voluntary or not; or |
• | any other event of default described in the prospectus supplement of such series of debt securities. |
• | will be deemed to have paid and satisfied its obligations on all outstanding debt securities of such series, which is known as “defeasance and discharge”; or |
• | will cease to be under any obligation, other than to pay when due the principal of, premium, if any, and interest on and any mandatory sinking fund payments in respect of such debt securities, relating to the debt securities of such series, which is known as “covenant defeasance.” |
• | may rank equally with other unsubordinated debt or may be subordinated to other debt the Issuer has or may incur; |
• | may be issued in one or more series with the same or various maturities; |
• | may be issued at a price of 100% of their principal amount or at a premium or discount; and |
• | may be represented by one or more global notes registered in the name of a designated depository’s nominee, and if so, beneficial interests in the global note will be shown on and transfers will be made only through records maintained by the designated depository and its participants. |
• | the title of the debt securities; |
• | ranking of the specific series of debt securities relative to other outstanding indebtedness, including subsidiaries’ debt; |
• | whether the debt securities will be senior or subordinated debt; |
• | if the debt securities are subordinated, the aggregate amount of outstanding indebtedness, as of a recent date, that is senior to the subordinated securities, and any limitation on the issuance of additional senior indebtedness; |
• | the percentage of the principal amount at which the debt securities will be sold and, if applicable, the method of determining the price; |
• | any limit on the aggregate principal amount of the debt securities; |
• | the maturity date or dates; |
• | the interest rate; |
• | the manner in which the amounts of payment of principal of or interest, if any, on the securities of the series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; |
• | the date or dates from which any interest will accrue, or how such date or dates will be determined, and the interest payment date or dates and any related record dates; |
• | the location where payments on the debt securities will be made; |
• | the terms and conditions on which the debt securities may be redeemed at the option of the Issuer; |
• | the terms and conditions on which the debt securities may be repurchased by the Issuer at the option of the holders thereof; |
• | any obligation of the Issuer to redeem, purchase or repay the debt securities pursuant to sinking fund provisions; |
• | any obligation of the Issuer to redeem, purchase or repay the debt securities at the option of a holder upon the happening of any event and the terms and conditions of redemption, purchase or repayment; |
• | if other than minimum denominations of $200,000 and multiples of $1,000 in excess thereof, the minimum denominations in which debt securities may be issued; |
• | whether the debt securities will be issuable as global securities; |
• | if other than the principal amount, the portion of the principal amount of the debt securities payable if the maturity is accelerated; |
• | the provisions relating to any security provided for the debt securities; |
• | any events of default not described in “Events of Default” below; |
• | the terms and conditions on which the debt securities may be exchanged or converted into common stock of Omnicom Group Inc.; |
• | the form and terms of the guarantee of the debt securities; |
• | any depositories, interest rate calculation agents or other agents; |
• | if the debt securities will be issued in the form of one or more book-entry securities, the name of the depository or its nominee and the circumstances under which the book-entry security may be transferred or exchanged to someone other than the depository or its nominee; |
• | any material provisions of the indenture described in this prospectus that do not apply to the debt securities; |
• | any listing on a securities exchange; |
• | the currency or currencies in which payment of the principal of, premium, if any, and interest on, the debt securities shall be payable; and |
• | any other terms of the debt securities not inconsistent with the provisions of the applicable indenture. |
• | if there is an amendment to, or change in, the laws, regulations, rulings or treaties of the United Kingdom, the United States or other jurisdiction in which Omnicom Finance Holdings or Omnicom Group Inc. or, in each case, any successor thereof (including a successor person formed by a consolidation with Omnicom Finance Holdings or Omnicom Group Inc., into which Omnicom Finance Holdings or Omnicom Group Inc. is merged, or that acquires or leases all or substantially all of the property and assets of Omnicom Finance Holdings or Omnicom Group Inc.) may be incorporated, organized, or otherwise resident for tax purposes, or engaged in business for tax purposes, as applicable, or any political subdivision thereof or therein having the power to tax, or any jurisdiction from or through which payment is made by or on behalf of Omnicom Finance Holdings or Omnicom Group Inc. (a “Taxing Jurisdiction”), or any change in the application or official interpretation of such laws, regulations, rulings or treaties, including any action taken by, or a change in published administrative practice of, a taxing authority or a holding by a court of competent jurisdiction, regardless of whether such action, change or holding is with respect to Omnicom Finance Holdings or Omnicom Group Inc.; |
• | as a result of such amendment or change, Omnicom Finance Holdings or Omnicom Group Inc. becomes, or there is a substantial probability that Omnicom Finance Holdings or Omnicom Group Inc. will become, obligated to pay Additional Amounts as defined below in “Payment of Additional Amounts,” on the next payment date with respect to the debt securities of such series (but, in the case of the guarantor, only if the payment giving rise to such requirement cannot be made by Omnicom Finance Holdings); |
• | the obligation to pay Additional Amounts cannot be avoided through Omnicom Finance Holdings’ or Omnicom Group Inc.’s commercially reasonable measures, including, for the avoidance of doubt, the appointment of a new paying agent, but not including substitution of the obligor of the debt securities; |
• | Omnicom Finance Holdings delivers to the trustee: |
• | a certificate of Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, stating that the obligation to pay Additional Amounts cannot be avoided by Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, taking commercially reasonable measures available to it; and |
• | a written opinion of independent tax counsel to Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, of recognized standing to the effect that Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, has, or there is a substantial probability that it will become obligated, to pay Additional Amounts as a result of a change, amendment, official interpretation or application described above; and |
• | following the delivery of the certificate and opinion described in the previous bullet point, Omnicom Finance Holdings provides notice of redemption not less than 30 days, but not more than 60 days, prior to the date of redemption. The notice of redemption cannot be given more than 60 days before the earliest date on which Omnicom Finance Holdings or Omnicom Group Inc. would otherwise be, or there is a substantial probability that it would otherwise be, required to pay Additional Amounts. |
• | any Taxes that are imposed or withheld solely because such holder (or the beneficial owner for whose benefit such holder holds such debt securities) or a fiduciary, settlor, beneficiary, member, shareholder or other equity owner of, or possessor of a power over, such holder (or beneficial owner) if such holder (or beneficial owner) is an estate, trust, partnership, limited liability company, corporation or other entity: |
• | is or was present or engaged in, or is or was treated as present or engaged in, a trade or business in the Taxing Jurisdiction or has or had a permanent establishment in the Taxing Jurisdiction (in each case, other than the mere fact of ownership of such debt securities, without another presence or business in such Taxing Jurisdiction); |
• | has or had any present or former connection (other than the mere fact of ownership of such debt securities) with the Taxing Jurisdiction imposing such Taxes, including being or having been a national citizen or resident thereof, being treated as being or having been a resident thereof or being or having been physically present therein; |
• | (in relation to payments by the guarantor only) is or was a personal holding company, a passive foreign investment company, a controlled foreign corporation, a foreign private foundation or other foreign tax exempt organization or corporation that has accumulated earnings to avoid United States federal income tax; or |
• | (in relation to payments by the guarantor only) actually or constructively owns or owned 10% or more of the total combined voting power of all classes of stock of Omnicom Group Inc. within the meaning of Section 871(h)(3) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”); |
• | Taxes imposed on any holder that is not the sole beneficial owner of the debt securities, or a portion thereof, or that is a fiduciary or partnership, but only to the extent that a beneficiary or settlor with respect to the fiduciary, a beneficial owner or member of the partnership would not have been entitled to the payment of an Additional Amount had the beneficiary, settlor, beneficial owner, or member received directly its beneficial or distributive share of the payment; |
• | any estate, inheritance, gift, sales, transfer, excise, personal property or similar Taxes imposed with respect to the debt securities, except as otherwise provided in the indenture; |
• | any Taxes imposed solely as a result of the presentation of such debt securities (where presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever is later, except to the extent that the beneficiary or holder thereof would have been entitled to the payment of Additional Amounts had the debt securities been presented for payment on any date during such 30-day period; |
• | any Taxes imposed or withheld solely as a result of the failure of such holder or any other person to comply with applicable certification, information, documentation or other reporting requirements concerning the nationality, residence, or identity of such holder or connection with any Taxing Jurisdiction by such holder, if such compliance is required by statute, regulation, ruling or administrative practice of the relevant Taxing Jurisdiction or by any applicable tax treaty to which the relevant Taxing Jurisdiction is a party as a precondition to relief or exemption from such Taxes; |
• | any Taxes that are payable by any method other than withholding or deduction by Omnicom Finance Holdings or Omnicom Group Inc. or any paying agent from payments in respect of such debt securities; |
• | any Taxes required to be withheld by any paying agent from any payment in respect of any debt securities if such payment can be made without such withholding by at least one other paying agent; |
• | any withholding or deduction required pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, official interpretations thereof, any intergovernmental agreement, or any law, rule, guidance or administrative practice implementing an intergovernmental agreement entered into in connection with such sections of the Code; or |
• | any combination of the above conditions. |
• | will make such withholding or deduction of Taxes; |
• | will remit the full amount of Taxes so deducted or withheld to the relevant Taxing Jurisdiction in accordance with all applicable laws; |
• | will use its commercially reasonable efforts to obtain from each Taxing Jurisdiction imposing such Taxes certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld; and |
• | upon request, will make available to the holders of the debt securities, within 90 days after the date the payment of any Taxes so deducted or withheld is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by Omnicom Finance Holdings or Omnicom Group Inc. or if, notwithstanding Omnicom Finance Holdings’ or Omnicom Group Inc.’s efforts to obtain such receipts, the same are not obtainable, other evidence of such payments. |
• | either (a) the Issuer or Omnicom Group Inc., as applicable, is the successor person or (b) the successor person is an entity organized under the laws of (i) in the case of the Issuer, the United Kingdom, any member country of the European Union or the United States or (ii) in the case of Omnicom Group Inc., the United States; |
• | the successor person expressly assumes (a) in the case of the Issuer, the Issuer’s obligations with respect to the debt securities and the indenture or (b) in the case of Omnicom Group Inc., Omnicom Group Inc.’s obligations with respect to its guarantee of the debt securities and the indenture; |
• | immediately after giving effect to the transaction, no event of default, and no event which, after notice or lapse of time or both, would become an event of default, shall have occurred and be continuing; and |
• | the Issuer or Omnicom Group Inc., as applicable, or the successor person has delivered to the trustee the certificates and opinions required under the indenture. |
• | to cure any ambiguity, defect or inconsistency; |
• | to comply with the indenture’s provisions regarding successor corporations; |
• | to comply with any requirements of the SEC in connection with the qualification of the indenture under the Trust Indenture Act; |
• | to provide for global securities in addition to or in place of certificated debt securities; |
• | to add to, change or eliminate any of the provisions of the indenture with respect to any series of debt securities; although no such addition, change or elimination may apply to any series of debt security created prior to the execution of such amendment and entitled to the benefit of such provision, nor may any such amendment modify the rights of a holder of any such debt security with respect to such provision, unless the amendment becomes effective only when there is no outstanding debt security of any series created prior to such amendment and entitled to the benefit of such provision; |
• | in the case of subordinated debt securities, to make any change in the provisions of the indenture relating to subordination that would limit or terminate the benefits available to any holder of senior indebtedness under such provisions (but only if each such holder of senior indebtedness consents to such change); |
• | to secure the debt securities of any series or any guarantee thereof; |
• | to add an additional guarantor of any series of debt securities; |
• | to add to the Issuer’s or the guarantor’s covenants or obligations under the indenture for the protection of the holders of the debt securities or surrender any right, power or option conferred by the indenture on the Issuer or the guarantor of the debt securities; |
• | to make any change that does not materially adversely affect in any material respect the legal rights of any holder; or |
• | to establish additional series of debt securities as permitted by the indenture. |
• | reduce the percentage of securities whose holders need to consent to the modification; |
• | reduce the rate or change the time of payment of interest on the securities; |
• | reduce the principal amount of or the premium, if any, on the securities; |
• | change the fixed maturity of any of the securities; |
• | reduce the amount of, or postpone the date fixed for, the payment of any sinking fund; |
• | reduce the principal amount payable upon acceleration of the maturity of any securities issued originally at a discount; |
• | in the case of any subordinated debt security or coupons appertaining thereto, make any change in the provisions of the indenture relating to subordination that adversely affects the rights of any holder under such provisions; |
• | waive a default in the payment of the principal amount of, the premium, if any, or any interest on the securities; |
• | change the currency in which any of the securities are payable; |
• | impair the right to sue for the enforcement of any payment on or after the maturity of the securities; |
• | release Omnicom Group Inc. from its obligations in respect of the guarantee of any series of debt securities or modify Omnicom Group Inc.’s obligations thereunder other than in accordance with the provisions of the indenture; or |
• | waive a redemption payment with respect to the securities. |
• | failure to pay required interest on any debt security of such series for 30 days; |
• | failure to pay principal, other than a scheduled installment payment, or premium, if any, on any debt security of the series when due; |
• | failure to make any required deposit of any sinking fund payment when due; |
• | failure to perform for 60 days after notice any other covenant in the applicable indenture (other than a covenant included in the applicable indenture solely for the benefit of a series of debt securities other than such series); |
• | (A) the Issuer’s or Omnicom Group Inc.’s failure to make any payment by the end of any applicable grace period after maturity of their respective indebtedness, which term as used in this clause means obligations (other than nonrecourse obligations) of the Issuer or Omnicom Group Inc., as applicable, for borrowed money or evidenced by bonds, debentures, notes or similar instruments in an amount (taken together with amounts in (B)) in excess of $100 million and continuance of such failure, or (B) the acceleration of their respective indebtedness in an amount (taken together with the amounts in (A)) in excess of $100 million because of a default with respect to such indebtedness without such indebtedness having been discharged or such acceleration having been cured, waived, rescinded or annulled in case of (A) or (B) above, for a period of 30 days after written notice to the Issuer and Omnicom Group Inc. by the trustee or to the Issuer, Omnicom Group Inc. and the trustee by the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series; however, if any such failure or acceleration referred to in (A) or (B) above shall cease or be cured or be waived, rescinded or annulled in accordance with the terms of the applicable indebtedness, then the event of default by reason thereof shall be deemed not to have occurred; |
• | Omnicom Group Inc.’s guarantee applicable to the debt securities of that series ceases to be in full force and effect or is declared null and void or Omnicom Group Inc. denies that it has any further liability under its guarantee of such debt securities to the holders of debt securities of that series, or has given notice to such effect (other than by reason of the release of such guarantee in accordance with the indenture), and such condition shall have continued for a period of 30 days after written notice has been given to the Issuer and Omnicom Group Inc. by the trustee or to the Issuer, Omnicom Group Inc. and the trustee by the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series; |
• | certain events of bankruptcy or insolvency, whether voluntary or not; or |
• | any other event of default described in the prospectus supplement of such series of debt securities. |
• | will be deemed to have paid and satisfied their obligations on all outstanding debt securities of such series, which is known as “defeasance and discharge”; or |
• | will cease to be under any obligation, other than to pay when due the principal of, premium, if any, and interest on and any mandatory sinking fund payments in respect of such debt securities, relating to the debt securities of such series, which is known as “covenant defeasance.” |
• | the title of such subscription rights; |
• | the securities for which such subscription rights are exercisable; |
• | the exercise price for such subscription rights; |
• | the number of such subscription rights issued to each stockholder; |
• | the extent to which such subscription rights are transferable; |
• | if applicable, a discussion of the material United States federal income tax considerations applicable to the issuance or exercise of such subscription rights; |
• | the date on which the right to exercise such subscription rights shall commence, and the date on which such rights shall expire (subject to any extension); |
• | the extent to which such subscription rights include an over-subscription privilege with respect to unsubscribed securities; |
• | if applicable, the material terms of any standby underwriting or other purchase arrangement that we may enter into in connection with the subscription rights offering; and |
• | any other terms of such subscription rights, including terms, procedures and limitations relating to the exchange and exercise of such subscription rights. |
• | the title of the warrants; |
• | the securities for which the warrants are exercisable; |
• | the price or prices at which the warrants will be issued; |
• | the number of warrants issued with each share of common stock or preferred stock; |
• | any provisions for adjustment of the number or amount of shares of common stock or preferred stock receivable upon exercise of the warrants or the exercise price of the warrants; |
• | if applicable, the date on and after which the warrants and the related common stock or preferred stock will be separately transferable; |
• | the date on which the right to exercise the warrants shall commence, and the date on which the right shall expire; |
• | the maximum or minimum number of warrants which may be exercised at any time; |
• | if applicable, a discussion of the material United States federal income tax considerations applicable to the exercise of the warrants; and |
• | any other terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants. |
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution
The following table sets forth the costs and expenses payable by the registrant in connection with the sale of the securities being registered hereby:
Amount to be Paid | ||
Registration Fee | $ * | |
Printing and Engraving Fees | + | |
Legal Fees And Expenses | + | |
Trustee Fees and Expenses | + | |
Accounting Fees and Expenses | + | |
Miscellaneous Expenses | + | |
TOTAL | + |
* | Deferred in reliance upon Rules 456(b) and 457(r). | |
+ | Estimated expenses are not presently known. The applicable prospectus supplement will set forth the estimated aggregate amount of expenses payable with respect to any offering of securities. |
Item 15. Indemnification of Directors and Officers.
Omnicom Group Inc.
Omnicom Group Inc.’s restated certificate of incorporation contains a provision limiting the liability of directors (except for approving statutorily prohibited dividends, share repurchases or redemptions, distributions of assets on dissolution or loans to directors) to acts or omissions determined by a judgment or other final adjudication to have been in bad faith, involving intentional misconduct or a knowing violation of the law, or resulting in personal gain to which the director was not legally entitled. Omnicom Group Inc.’s by-laws provide that an officer or director will be indemnified against any costs or liabilities, including attorney’s fees and amounts paid in settlement with Omnicom Group Inc.’s consent in connection with any claim, action or proceeding to the fullest extent permitted by the New York Business Corporation Law, or the NYBCL.
Omnicom Group Inc. has entered into indemnification agreements with each of its executive officers, directors and certain other employees. Under the indemnification agreements, Omnicom Group Inc. agrees to indemnify the indemnitee to the fullest extent permitted by applicable law if the indemnitee is made, or is threatened to be made, a party to any proceeding (including a proceeding by or in the right of Omnicom Group Inc. to procure a judgment in its favor) against all expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such expenses, judgments, fines, penalties and amounts paid in settlement) actually and necessarily incurred by indemnitee in connection with the proceeding. In addition, to the extent that the indemnitee is, by reason of his corporate status, a witness in any proceeding to which the indemnitee is not a party, Omnicom Group Inc. agrees to indemnify and hold harmless the indemnitee against all expenses actually and necessarily incurred by him or on his behalf in connection therewith. Omnicom Group Inc. also agrees, to the extent the Company maintains liability insurance applicable to agents of Omnicom Group Inc. or of any other enterprise which such agent serves at the request of Omnicom Group Inc., the indemnitee will be covered by such policies in accordance with its or their terms to the maximum extent of the coverage available for any such agent under such policy or policies.
Section 721 of the NYBCL provides that, in addition to indemnification provided in Article 7 of the NYBCL, a corporation may indemnify a director or officer by a provision contained in the certificate of incorporation or by-laws or by a duly authorized resolution of its shareowners or directors or by agreement, provided that no indemnification may be made to or on behalf of any director or officer if a judgment or other final adjudication adverse to the director or officer establishes that his acts were committed in bad faith or were the result of active and
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deliberate dishonesty and material to the cause of action, or that such director or officer personally gained in fact a financial profit or other advantage to which he was not legally entitled.
Section 722(a) of the NYBCL provides that a corporation may indemnify a director or officer made, or threatened to be made, a party to any action other than a derivative action, whether civil or criminal, against judgments, fines, amounts paid in settlement and reasonable expenses, including attorneys’ fees, actually and necessarily incurred as a result of such action or proceeding or any appeal therein, if such director or officer acted in good faith, for a purpose which he reasonably believed to be in, or not opposed to, the best interests of the corporation and, in criminal actions or proceedings, in addition, had no reasonable cause to believe that his conduct was unlawful.
Section 722(c) of the NYBCL provides that a corporation may indemnify a director or officer, made or threatened to be made a party in a derivative action, against amounts paid in settlement and reasonable expenses, including attorneys’ fees, actually and necessarily incurred by him in connection with the defense or settlement of such action or in connection with an appeal therein if such director or officer acted in good faith, for a purpose which he reasonably believed to be in, or not opposed to, the best interests of the corporation, except that no indemnification will be available under Section 722(c) of the NYBCL in respect of a threatened or pending action which is settled or otherwise disposed of, or any claim as to which such director or officer shall have been adjudged liable to the corporation, unless and only to the extent that the court in which the action was brought, or, if no action was brought, any court of competent jurisdiction, determines, upon application, that, in view of all the circumstances of the case, the director or officer is fairly and reasonably entitled to indemnity for such portion of the settlement amount and expenses as the court deems proper.
Section 723 of the NYBCL specifies the manner in which payment of indemnification under Section 722 of the NYBCL or indemnification permitted under Section 721 of the NYBCL may be authorized by the corporation. It provides that indemnification may be authorized by the corporation. It provides that indemnification by a corporation is mandatory in any case in which the director or officer has been successful, whether on the merits or otherwise, in defending an action. In the event that the director or officer has not been successful or the action is settled, indemnification must be authorized by the appropriate corporate action as set forth in Section 723.
Section 724 of the NYBCL provides that, upon application by a director or officer, indemnification may be awarded by a court to the extent authorized. Section 722 and Section 723 of the NYBCL contain certain other miscellaneous provisions affecting the indemnification of directors and officers.
Section 726 of the NYBCL authorizes the purchase and maintenance of insurance to indemnify (1) a corporation for any obligation which it incurs as a result of the indemnification of directors and officers under the provisions of Article 7 of the NYBCL, (2) directors and officers in instances in which they may be indemnified by the corporation under the provisions of Article 7 of the NYBCL, and (3) directors and officers in instances in which they may not otherwise be indemnified by the corporation under the provisions of Article 7 of the NYBCL, provided the contract of insurance covering such directors and officers provides, in a manner acceptable to the New York State Superintendent of Insurance, for a retention amount and for co-insurance.
Omnicom Group Inc. has purchased liability insurance for its officers and directors as permitted by Section 726 of the NYBCL.
Omnicom Finance Holdings plc
Omnicom Finance Holdings’ articles of association provide that, each of its directors and officers (other than an auditor) are entitled to be indemnified by Omnicom Finance Holdings against any liability incurred by or attaching to such director or officer in the actual or proposed execution and discharge of his or her duties, the exercise or purported exercise of his or her powers or otherwise in relation to his or her duties, powers or office. Omnicom Finance Holdings’ articles of association also provide that it may purchase and maintain insurance for or for the benefit of any persons who are or were at any time its directors, officers or employees against any liability incurred by such persons in respect of any act or omission in the actual or purported exercise of their powers and/or otherwise in relation to Omnicom Finance Holdings, and, to such extent as may be permitted by law, otherwise to indemnify or to exempt any such person against or from any such liability. However, in the case of a director, such indemnity does not extend to any indemnity rendered void by the Companies Act 2006. The Companies Act 2006 generally
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renders void an indemnity for a director against any liability attaching to him or her in connection with any negligence, default, breach of duty or breach of trust in relation to the company of which he or she is a director. Omnicom Finance Holdings maintains liability insurance for its directors and officers through the Omnicom Group Inc. global policy.
Item 16. Exhibits.
The exhibits to this registration statement are listed in the exhibit index, which appears elsewhere herein and is incorporated herein by reference.
Item 17. Undertakings.
(a) Each of the undersigned registrants 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;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply 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 SEC 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, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.
(2) That, for the purpose of determining any liability under 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.
(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.
(4) That, for the purpose of determining liability under the Securities Act to any purchaser:
(A) | Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and | |
(B) | Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the |
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offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date. |
(5) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the 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 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 registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
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EXHIBIT INDEX
* | To be filed by amendment or as an exhibit to a document to be incorporated by reference herein in connection with an offering of the offered securities. |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on February 19, 2020.
OMNICOM GROUP INC. | |||
By: | /s/ Philip J. Angelastro | ||
Name: | Philip J. Angelastro | ||
Title: | Executive Vice President and Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated. Each person whose signature appears below does hereby constitute and appoint John D. Wren and Michael J. O’Brien, and each of them, with full powers of substitution, his or her true and lawful attorneys-in-fact and agents to do any and all acts and things and to execute any and all instruments which said attorneys-in-fact and agents may deem necessary or advisable to enable the registrant to comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission in respect thereof, in connection with the registration under said Act of securities registered pursuant hereto, including specifically, but without limitation thereof, power and authority to sign his or her name, in any and all capacities set forth beneath his or her name, to any amendment to this registration statement in respect of said securities and to any documents filed as part of or in connection with this registration statement or amendments thereto; and the undersigned does hereby ratify and confirm all that said attorneys-in-fact and agents shall do or cause to be done by virtue hereof.
Signature | Title | Date |
/s/ John D. Wren John D. Wren | Chairman and Chief Executive Officer and Director (Principal Executive Officer) | February 19, 2020 |
/s/ Philip J. Angelastro Philip J. Angelastro | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | February 19, 2020 |
/s/ Andrew L. Castellaneta Andrew L. Castellaneta | Senior Vice President, Chief Accounting Officer (Principal Accounting Officer) | February 19, 2020 |
/s/ Alan R. Batkin Alan R. Batkin | Director | February 19, 2020 |
/s/ Mary C. Choksi Mark C. Choksi | Director | February 19, 2020 |
/s/ Robert C. Clark Robert C. Clark | Director | February 19, 2020 |
/s/ Leonard S. Coleman, Jr. Leonard S. Coleman, Jr. | Director | February 19, 2020 |
/s/ Susan S. Denison Susan S. Denison | Director | February 19, 2020 |
/s/ Ronnie S. Hawkins Ronnie S. Hawkins | Director | February 19, 2020 |
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Signature | Title | Date |
/s/ Deborah J. Kissire Deborah J. Kissire | Director | February 19, 2020 |
/s/ Gracia C. Martore Gracia C. Martore | Director | February 19, 2020 |
/s/ Linda Johnson Rice Linda Johnson Rice | Director | February 19, 2020 |
/s/ Valerie M. Williams Valerie M. Williams | Director | February 19, 2020 |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Omnicom Finance Holdings plc certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of London, England, on February 19, 2020.
OMNICOM FINANCE HOLDINGS PLC | |||
By: | /s/ Stephen Medhurst | ||
Name: | Stephen Medhurst | ||
Title: | Director |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated. Each person whose signature appears below does hereby constitute and appoint Stephen Medhurst and Anthony Phipkin, and each of them, with full powers of substitution, his or her true and lawful attorneys-in-fact and agents to do any and all acts and things and to execute any and all instruments which said attorneys-in-fact and agents may deem necessary or advisable to enable the registrant to comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission in respect thereof, in connection with the registration under said Act of securities registered pursuant hereto, including specifically, but without limitation thereof, power and authority to sign his or her name, in any and all capacities set forth beneath his or her name, to any amendment to this registration statement in respect of said securities and to any documents filed as part of or in connection with this registration statement or amendments thereto; and the undersigned does hereby ratify and confirm all that said attorneys-in-fact and agents shall do or cause to be done by virtue hereof.
Signature | Title | Date |
/s/ Stephen Medhurst Stephen Medhurst | Director (Principal Executive Officer and Principal Financial Officer) | February 19, 2020 |
/s/ Anthony Phipkin Anthony Phipkin | Director (Principal Accounting Officer) | February 19, 2020 |
/s/ Philip J. Angelastro Philip J. Angelastro | Authorized Representative in the United States | February 19, 2020 |
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