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THE EXHIBIT INDEX IS ON PAGE 7
As filed with the Securities and Exchange Commission on ______
Registration No. 33-_________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
____________________
ALEX. BROWN INCORPORATED
(Exact name of registrant as specified in its charter)
Maryland 52-1434118
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
135 East Baltimore Street
Baltimore, Maryland 21202
(Address of Principal Executive Offices) (Zip Code)
____________________
1995 NON-EMPLOYEE DIRECTOR STOCK PURCHASE PLAN
(Full title of the plan)
____________________
Robert F. Price
Secretary and General Counsel
Alex. Brown Incorporated
135 East Baltimore Street
Baltimore, Maryland 21202
(410) 727-1700
(Name, address and telephone number,
including area code, of agent for service)
____________________
CALCULATION OF REGISTRATION FEE
Title of Proposed Proposed
securities Amount maximum maximum
to be to be offering aggregate Amount of
registered registered price per unit offering price registration fee
Common Stock
(par value
$.10 per
share) 150,000 $40.25 $6,037,500 $2,081.90 (1)
(1) Pursuant to Rule 457 (h), the proposed maximum aggregate offering
price and amount of registration fee are based upon the average of the high and
low prices reported in the consolidated reporting system on May 19, 1995.
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PART II
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed by the registrant are incorporated herein by
reference: (a) registrant's latest annual report filed pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended
(the "1934 Act") or the registrant's latest prospectus filed pursuant to Rule
424(b) under the Securities Act of 1933, as amended (the "1933 Act") that
contains audited financial statements for the registrant's latest fiscal year
for which such statements have been filed; (b) all other reports filed pursuant
to Section 13(a) or 15(d) of the 1934 Act since the end of the fiscal year
covered by the annual report or prospectus referred to in (a) above; (c) the
description of the Common Stock of the registrant contained in a registration
statement filed under the 1934 Act, including any amendment or report filed for
the purpose of updating such description.
All documents subsequently filed by the registrant pursuant to Section
13(a), 13(c), 14 and 15(d) of the 1934 Act, prior to the filing of a post-
effective amendment which indicates that all securities offered have been sold
or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part thereof from the date of
filing of such documents.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
At the time of the issuance of the Opinion of Counsel, Robert F. Price was
employed as Secretary and General Counsel of the registrant and held, directly
or indirectly, 37,690 shares of the Common Stock of the registrant as well as
options to purchase an additional 12,900 shares and debentures convertible into
an additional 25,975 shares.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Directors and officers of the registrant are indemnified under Section 2-
418 of the Corporations and Associations Article of the Annotated Code of
Maryland, and under Article Eight, Section Eight of the registrant's charter.
As permitted under Subsection (k) of Section 2-418 of the Corporations and
Associations Article of the Annotated Code of Maryland, the registrant has
purchased and maintains insurance on behalf of its directors and officers
against any liability asserted against such directors and officers in their
capacities as such whether or not the registrant would have the power to
indemnify such persons under the provisions of the Maryland law governing
indemnification.
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Item 9. UNDERTAKINGS
Rule 415 Offering.
(1) The undersigned registrant hereby undertakes 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) The undersigned registrant hereby undertakes that, for the purpose
of determining any liability under the Securities Act of 1933, each such post-
effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
(3) The undersigned registrant hereby undertakes 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.
Filing Incorporating Subsequent Exchange Act Documents by Reference.
The undersigned registrant hereby undertakes that, for the purposes of
determining any liability under the 1933 Act, each filing of the registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act (and,
where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the 1934 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.
Incorporated Annual and Quarterly Reports.
The undersigned registrant hereby undertakes to deliver or cause to be
delivered with the prospectus, to each person to whom the prospectus is sent or
given, the latest annual report to security holders that is incorporated by
reference in the prospectus and furnished pursuant to and meeting the
requirements of Rule 14a-3 or Rule 14c-3 under the 1934 Act; and, where interim
financial information required to be presented by Article 3 of Regulation S-X
are not set forth in the prospectus, to deliver, or cause to be delivered to
each person to whom the prospectus is sent or given, the latest quarterly
report that is specifically incorporated by reference in the prospectus to
provide such interim financial information.
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Filing of Registration Statement on Form S-8.
Insofar as indemnification for liabilities arising under the 1933 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 Securities and Exchange Commission such
indemnification is against public policy as expressed in the 1933 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 1933 Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the 1933 Act, the registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Baltimore, and the State of Maryland, on this 8th day of May 1995.
ALEX. BROWN INCORPORATED
By: s/ A. B. Krongard
Chairman of the Board
Pursuant to the requirements of the 1933 Act, this registration statement
has been signed below by the following persons who comprise a majority of the
Board of the registrant, in the capacities and on the date indicated.
Name Title Date
s/ A. B. Krongard Chief Executive Officer May 8, 1995
A. B. Krongard and Director
s/ May A. Shattuck President; Chief May 8, 1995
Mayo A. Shattuck III Operating Officer
and Director
s/ Beverly L. Wright Treasurer; Chief May 15, 1995
Beverly L. Wright Financial Officer
s/ Lee A. Ault Director May 10, 1995
Lee A. Ault
s/ Neil R. Austrian Director May 8, 1995
Neil R. Austrian
s/ Thomas C. Barry Director May 17, 1995
Thomas C. Barry
s/ Benjamin H. Griswold Director May 15, 1995
Benjamin H. Griswold IV
s/ Donald B. Hebb, Jr. Director May 9, 1995
Donald B. Hebb, Jr.
s/ Steven Muller Director May 8, 1995
Steven Muller, Ph.D
s/ David M. Norman Director May 8, 1995
David M. Norman
s/ Frank E. Richardson Director May 10, 1995
Frank E. Richardson
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EXHIBIT INDEX
Exhibit Number Description Page
4 1995 Non-Employee Director Stock Purchase Plan 8
5 Opinion of Robert F. Price (contains 11
Consent of Counsel) relating to the 1995
Non-Employee Director Stock Purchase Plan
23.1 Consent of Counsel (contained in Exhibit 5) 11
23.2 Consent of KPMG Peat Marwick LLP relating to the 12
1995 Non-Employee Director Stock Purchase Plan