As filed with the Securities and Exchange Commission on October 1, 2001
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MDU RESOURCES GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware No. 41-0423660
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Schuchart Building
918 East Divide Avenue
P.O. Box 5650
Bismarck, North Dakota 58506-5650
(Address of principal executive offices, including zip code)
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MDU RESOURCES GROUP, INC.
401(k) RETIREMENT PLAN
(Full title of the plan)
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Martin A. White Thomas J. Igoe, Jr., Esq. Douglas C. Kane
Chairman of the Board, Thelen Reid & Priest L.L.P Executive Vice President, Chief
President and Chief Executive Officer 40 West 57th Street Administrative and
MDU Resources Group, Inc. New York, New York 10019 Corporate Development Officer
Schuchart Building (212) 603-2000 MDU Resources Group, Inc.
918 East Divide Avenue Schuchart Building
P.O. Box 5650 918 East Divide Avenue
Bismarck, North Dakota 58506-5650 P.O. Box 5650
(701) 222-7900 Bismarck, North Dakota 58506-5650
(701) 222-7900
(Name, address and telephone number, including area code, of agents for service)
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Copies to:
Elizabeth W. Powers
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
New York, NY 10019-5383
(212) 424-8000
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CALCULATION OF REGISTRATION FEE
Proposed maximum Proposed maximum
Title of securities Amount to be offering price aggregate offering Amount of
to be registered (1) registered (2) per share(3) price(3) registration fee
------------------------ ----------------------- ----------------------- ----------------------- ----------------------
Common Stock, 2,600,000 shares $ 22.76 $59,176,000 $14,794
$1.00 par value
------------------------ ----------------------- ----------------------- ----------------------- ----------------------
Preference Share 2,600,000 rights -- -- -- (4)
Purchase Rights
======================== ======================= ======================= ======================= ======================
(1) In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
registration statement also covers an indeterminate amount of interests to be
offered or sold pursuant to the plan.
(2) In addition, pursuant to Rule 416(a) under the Securities Act of 1933, this
registration statement also covers any additional securities to be offered or
issued in connection with a stock split, stock dividend or similar transaction.
(3) Determined on the basis of the average of the high and low sale price of the
common stock as reported in the consolidated reporting system on September 26,
2001, solely for the purpose of calculating the registration fee pursuant to
Rule 457(h) under the Securities Act of 1933.
(4) Since no separate consideration is paid for the preference share purchase
rights, the registration fee for such securities is included in the fee for the
common stock. The value attributable to the rights, if any, is reflected in the
market price of the common stock.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which MDU Resources Group, Inc. (the
"Company") or the MDU Resources Group, Inc. 401(k) Retirement Plan (the "Plan")
has filed with the Securities and Exchange Commission pursuant to the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), are hereby incorporated
by reference in this registration statement:
1. Annual Report on Form 10-K for the year ended December 31, 2000,
including those portions of the Annual Report to Stockholders incorporated by
reference therein.
2. Quarterly Reports on Form 10-Q for the quarters ended March 31 and
June 30, 2001.
3. Current Reports on Form 8-K, filed by the Company with the
Commission on April 25, 2001 and July 26, 2001.
4. Description of the Company's common stock contained in the
Company's registration statement on Form 8-A/A, dated March 23, 2000, and any
amendments thereto.
5. Description of the Company's preference share purchase rights
contained in the registration statement on Form 8-A/A, dated March 23, 2000, and
any amendments thereto.
6. The Plan's Annual Report on Form 11-K for the year ended December
31, 2000.
All documents subsequently filed by the Company or the Plan pursuant
to Section 13(a), 13(c), 14 or 15(d) of the Exchange 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 in this registration statement and to be part
hereof from the date of filing of such documents. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be
deemed to be modified or superseded for the purposes of this registration
statement to the extent that a statement contained herein or in any other
subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this registration statement.
Item 5. Interests of Named Experts and Counsel.
Lester H. Loble, II, Vice President, General Counsel and Secretary of
the Company, whose opinion with respect to the common stock and rights is filed
as Exhibit 5(a) hereto, is an officer of the Company and owns, as of September
26, 2001, approximately 75,419 shares of Common Stock, including shares that may
be acquired within 60 days pursuant to the exercise of stock options.
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Item 6. Indemnification of Directors and Officers.
The Company's Bylaws include the following provision:
7.07 Indemnification of Officers, Directors, Employees and Agents;
Insurance.
(a) The Corporation shall indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in
the right of the Corporation) by reason of the fact that such
person is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other
enterprise, against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and
reasonably incurred by such person in connection with such
action, suit or proceeding if such person acted in good faith and
in a manner such person reasonably believed to be in or not
opposed to the best interests of the Corporation, and, with
respect to any criminal action or proceeding, had no reasonable
cause to believe such person's conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the
person did not act in good faith and in a manner which such
person reasonably believed to be in or not opposed to the best
interest of the Corporation, and, with respect to any criminal
action or proceeding, had reasonable cause to believe that such
person's conduct was unlawful.
(b) The Corporation shall indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the Corporation to
procure a judgment in its favor by reason of the fact that such
person is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other
enterprise against expenses (including attorneys' fees) actually
and reasonably incurred by such person in connection with the
defense or settlement of such action or suit if such person acted
in good faith and in a manner such person reasonably believed to
be in or not opposed to the best interests of the Corporation and
except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been
adjudged to be liable to the Corporation, unless and only to the
extent that the Court of Chancery or the court in which such
action or suit was brought, shall determine upon application
that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the
Court of Chancery or such other court shall deem proper.
(c) To the extent that a present or former director, officer,
employee or agent of a corporation has been successful on the
merits or otherwise in defense of any action,
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suit or proceeding referred to in subsections (a) and (b), or in
defense of any claim, issue or matter therein, such person shall
be indemnified against expenses (including attorneys' fees)
actually and reasonably incurred by such person in connection
therewith.
(d) Any indemnification under subsections (a) and (b) of this Section
(unless ordered by a court) shall be made by the Corporation only
as authorized in the specific case upon a determination that
indemnification of the present or former director, officer,
employee or agent is proper in the circumstances because such
person has met the applicable standard of conduct as set forth in
subsections (a) and (b) of this Section. Such determination shall
be made (1) by a majority vote of the directors who are not
parties to such action, suit or proceeding, even though less than
a quorum, or (2) by a committee of such directors designated by
majority vote of such directors, even though less than a quorum,
or (3) if there are no such directors, or if such directors so
direct, by independent legal counsel in a written opinion, or (4)
by the stockholders.
(e) Expenses (including attorneys' fees) incurred by a present or
former officer or director in defending any civil, criminal,
administrative or investigative action, suit or proceeding shall
be paid by the Corporation in advance of the final disposition of
such action, suit or proceeding upon receipt of an undertaking by
or on behalf of the director or officer to repay such amount if
it shall ultimately be determined that such person is not
entitled to be indemnified by the Corporation as authorized in
this Section. Once the Corporation has received the undertaking,
the Corporation shall pay the officer or director within 30 days
of receipt by the Corporation of a written application from the
officer or director for the expenses incurred by that officer or
director. In the event the Corporation fails to pay within the
30-day period, the applicant shall have the right to sue for
recovery of the expenses contained in the written application
and, in addition, shall recover all attorneys' fees and expenses
incurred in the action to enforce the application and the rights
granted in this Section 7.07. Expenses (including attorneys'
fees) incurred by other employees and agents shall be paid upon
such terms and conditions, if any, as the Board of Directors
deems appropriate.
(f) The indemnification and advancement of expenses provided by, or
granted pursuant to, the other subsections of this Section shall
not be deemed exclusive of any other rights to which those
seeking indemnity or advancement of expenses may be entitled
under any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in such person's
official capacity and as to action in another capacity while
holding such office.
(g) The Corporation may purchase and maintain insurance on behalf of
any person who is or was a director, officer, employee or agent
of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other
enterprise, against any
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liability asserted against such person and incurred by such
person in any such capacity, or arising out of such person's
status as such, whether or not the Corporation would have the
power to indemnify such person against such liability under the
provisions of this Section.
(h) For the purposes of this Section, references to "the Corporation"
include all constituent corporations absorbed in a consolidation
or merger, as well as the resulting or surviving corporation, so
that any person who is or was a director, officer, employee or
agent of such a constituent corporation or is or was serving at
the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, shall stand in the same
position under the provisions of this Section with respect to the
resulting or surviving corporation as such person would if such
person had served the resulting or surviving corporation in the
same capacity.
(i) For purposes of this Section, references to "other enterprises"
shall include employee benefit plans; references to "fines" shall
include any excise taxes assessed on a person with respect to any
employee benefit plan; and references to "serving at the request
of the Corporation" shall include any service as a director,
officer, employee or agent of the Corporation which imposes
duties on, or involves services by, such director, officer,
employee or agent with respect to an employee benefit plan, its
participant or beneficiaries; and a person who acted in good
faith and in a manner such person reasonably believed to be in
the interest of the participants and beneficiaries of an employee
benefit plan shall be deemed to have acted in a manner "not
opposed to the best interests of the Corporation" as referred to
in this Section.
(j) The indemnification and advancement of expenses provided by, or
granted pursuant to, this Section shall, unless otherwise
provided when authorized or ratified, continue as to a person who
has ceased to be a director, officer, employee or agent and shall
inure to the benefit of the heirs, executors and administrators
of such a person.
Section 145 of the General Corporation Law of the State of Delaware
provides for indemnification of the Company's directors and officers in a
variety of circumstances, which may include liabilities under the Securities Act
of 1933. The Company maintains liability insurance protecting it, as well as its
directors and officers, against liability by reason of their being or having
been directors or officers.
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Item 8. Exhibits.
*4(a) Restated Certificate of Incorporation of the Company, as amended
to date, filed as Exhibit 3(a) to the Company's Quarterly Report
on Form 10-Q for the quarter ended June 30, 1999, in File No.
1-3480.
4(b) Bylaws of the Company, as amended to date.
*4(c) Rights Agreement, dated as of November 12, 1998, between the
Company and Norwest Bank Minnesota, N.A., filed as Exhibit 4.1 to
Form 8-A on November 12, 1998, in File No. 1-3480.
*4(d) Indenture of Mortgage, dated as of May 1, 1939, as restated in
the Forty-fifth Supplemental Indenture, dated as of April 21,
1992, and the Forty-sixth through Forty-ninth Supplements thereto
between the Company and The New York Trust Company (The Bank of
New York, successor Corporate Trustee) and A.C. Downing (Douglas
J. MacInnes, successor Co-Trustee), filed as Exhibit 4(a) in
Registration No. 33-66682; and Exhibits 4(e), 4(f), and 4(g) in
Registration No. 33-53896; and Exhibit 4(c)(i) in Registration
No. 333-49472.
5(a) Opinion of Lester H. Loble, II, Esq., General Counsel to the
Company.
5(b) Opinion of LeBoeuf, Lamb, Greene & MacRae, L.L.P., counsel to the
Company.
23(a) Consent of Arthur Andersen LLP.
23(b) Consent of Lester H. Loble, II, Esq. (contained in opinion filed
as Exhibit 5(a) hereto).
23(c) Consent of LeBoeuf, Lamb, Greene & MacRae, L.L.P. (contained in
opinion filed as Exhibit 5(b) hereto).
24 Power of Attorney (see signature pages).
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*Incorporated herein by reference as indicated.
The Company will submit or has submitted the Plan and any amendment thereto to
the Internal Revenue Service (the "IRS") in a timely manner and has made or will
make all changes required by the IRS in order to qualify the Plan, as amended,
under Section 401 of the Internal Revenue Code.
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Item 9. Undertakings.
The undersigned registrant 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 of 1933;
(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 Commission pursuant to Rule 424(b), if, in the aggregate, the
changes in volume and price represent no more than a 20 percent 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 (1)(i) and (1)(ii) do not apply if
the registration statement is on Form S-3, Form S-8 or Form F-3, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Securities and Exchange Commission by the registrant pursuant to section 13 or
section 15(d) of the Securities Exchange Act of 1934, that are incorporated by
reference in the registration statement.
(2) 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) 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 purposes of determining any liability under the
Securities Act of 1933, 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
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securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the provisions described under Item 6
above, 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 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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POWER OF ATTORNEY
Each director and/or officer of the registrant whose signature appears
below hereby appoints the agents for service named on the cover of this
registration statement, and each of them severally, as his attorney-in-fact to
sign in his name and behalf, in any and all capacities stated below, and to file
with the Securities and Exchange Commission, any and all amendments, including
post-effective amendments, to this registration statement, and the registrant
hereby also appoints each such agent for service as its attorney-in-fact with
the authority to sign and file any such amendments in its name and behalf.
SIGNATURES
The Registrant. 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-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Bismarck, State of North Dakota, on the 28th day
of September, 2001.
MDU RESOURCES GROUP, INC.
By: /s/ Martin A. White
--------------------------------
Martin A. White
Chairman of the Board, President
and Chief Executive 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 date indicated.
Signature Title Date
/s/ Martin A. White Chairman of the Board, Chief September 28, 2001
-------------------------------------------- Executive Officer and
Martin A. White Director
(Chairman of the Board, President
and Chief Executive Officer)
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Signature Title Date
/s/ Douglas C. Kane Chief Administrative and September 28, 2001
------------------------------------------- Corporate Development
Douglas C. Kane Officer and Director
(Executive Vice President, Chief
Administrative and Corporate
Development Officer)
/s/ Warren L. Robinson Chief Financial Officer September 28, 2001
-------------------------------------------
Warren L. Robinson
(Executive Vice President,
Treasurer and Chief Financial
Officer)
/s/ Vernon A. Raile Chief Accounting Officer September 28, 2001
-------------------------------------------
Vernon A. Raile
(Vice President, Controller and
Chief Accounting Officer)
/s/ Bruce Albertson Director September 28, 2001
-------------------------------------------
Bruce Albertson
/s/ Thomas Everist Director September 28, 2001
-------------------------------------------
Thomas Everist
/s/ Dennis W. Johnson Director September 28, 2001
-------------------------------------------
Dennis W. Johnson
/s/ Robert L. Nance Director September 28, 2001
-------------------------------------------
Robert L. Nance
/s/ John L. Olson Director September 28, 2001
-------------------------------------------
John L. Olson
/s/ Harry J. Pearce Director September 28, 2001
-------------------------------------------
Harry J. Pearce
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Signature Title Date
/s/ Homer A. Scott, Jr. Director September 28, 2001
-------------------------------------------
Homer A. Scott, Jr.
/s/ Joseph T. Simmons Director September 28, 2001
-------------------------------------------
Joseph T. Simmons
/s/ Sister Thomas Welder, O.S.B. Director September 28, 2001
-------------------------------------------
Sister Thomas Welder, O.S.B.
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POWER OF ATTORNEY
The Plan hereby appoints the agents for service named on the cover of
this registration statement, and each of them severally, as its attorney-in-fact
to sign in its name and behalf and to file with the Securities and Exchange
Commission, any and all amendments including post-effective amendments, to this
registration statement.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Act of 1933,
the MDU Resources Group, Inc. 401(k) Retirement Plan Committee has duly caused
this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Bismarck, State of North Dakota, on
the 28th day of September, 2001.
MDU RESOURCES GROUP, INC.
401(k) RETIREMENT PLAN
By: /s/ Douglas C. Kane
----------------------------------
Douglas C. Kane, Chairman
MDU Resources Group, Inc.
401(k) Retirement Plan Committee
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EXHIBIT INDEX
*4(a) Restated Certificate of Incorporation of the Company,
filed as Exhibit 3(a) to the Company's Quarterly
Report on Form 10-Q for the quarter ended June 30,
1999, in File No. 1-3480.
4(b) Bylaws of the Company, as amended to date.
*4(c) Rights Agreement, dated as of November 12, 1998,
between the Company and Norwest Bank Minnesota,
N.A., filed as Exhibit 4.1 to Form 8-A on November
12, 1998, in File No. 1-3480.
*4(d) Indenture of Mortgage, dated as of May 1, 1939, as
restated in the Forty-fifth Supplemental Indenture,
dated as of April 21, 1992, and the Forty-sixth
through Forty-ninth Supplements thereto between the
Company and The New York Trust Company (The
Bank of New York, successor Corporate Trustee) and
A.C. Downing (Douglas J. MacInnes, successor Co-
Trustee), filed as Exhibit 4(a) in Registration No. 33-
66682; and Exhibits 4(e), 4(f), and 4(g) in Registration
No. 33-53896; and Exhibit 4(c)(i) in Registration No.
333-49472.
5(a) Opinion of Lester H. Loble, II, Esq., General Counsel
to the Company.
5(b) Opinion of LeBoeuf, Lamb, Greene & MacRae,
L.L.P., counsel to the Company.
23(a) Consent of Arthur Andersen LLP.
23(b) Consent of Lester H. Loble, II, Esq. (contained in
opinion filed as Exhibit 5(a) hereto).
23(c) Consent of LeBoeuf, Lamb, Greene & MacRae,
L.L.P. (contained in opinion filed as Exhibit 5(b)
hereto).
24 Power of Attorney (see signature pages).