As filed with the Securities and Exchange Commission on
April 22, 1997.
Registration No.
333-___________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________
TALBERT MEDICAL MANAGEMENT HOLDINGS CORPORATION
(Exact name of registrant as specified in its charter)
___________________
Delaware 33-0730363
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3540 Howard Way
Costa Mesa, California 92626-1417
(714) 436-4800
(Address of principal executive offices)
___________________
THE FHP INTERNATIONAL CORPORATION 401(K) SAVINGS PLAN
THE FHP INTERNATIONAL CORPORATION PAYSOP
(Full title of the plans)
Jack D. Massimino
Talbert Medical Management Holdings Corporation
3540 Howard Way
Costa Mesa, California 92626-1417
(Name and address of agent for service)
Telephone number, including area code, of agent for service:
(714) 436-4800
___________________
CALCULATION OF REGISTRATION FEE
Proposed Proposed
maximum maximum
Title of Amount offering aggregate Amount of
securities to be price offering registration
to be registered registered per unit price fee
Common Stock, 140,000<1>,<2> $21.50<3> $3,010,000<3> $913<3>
$0.01 par value shares
Rights to Purchase 140,000 - - -
Common Stock rights
Interests in the Plans - - - -
___________
<FN>
<1> This Registration Statement covers, in addition to the
number of shares of Common Stock and Rights stated above,
other rights to purchase or acquire the shares of Common
Stock and Rights covered by the Prospectus and, pursuant
to Rule 416(c) under the Securities Act of 1933, an
indeterminate number of shares, Rights and interests in
The FHP International Corporation 401(k) Savings Plan and
The FHP International Corporation PAYSOP which by reason
of certain events specified in the plans may become
subject to the plans.
<2> This Registration Statement also includes rights in
respect of such Common Stock pursuant to the Stockholder
Rights Agreement between the Company and American Stock
Transfer & Trust Company.
<3> Calculated pursuant to Rule 457(h).
The Exhibit Index for this Registration Statement is at
page S-5.
</FN>
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The documents containing the information specified in
Part I of Form S-8 (plan information and registrant
information) will be sent or given to optionees as specified
by Rule 428(b)(1) of the Securities Act of 1933, as amended
(the "Securities Act"). Such documents need not be filed with
the Securities and Exchange Commission (the "Commission")
either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424 of
the Securities Act. These documents, which include the
statement of availability required by Item 2 of Form S-8, and
the documents incorporated by reference in this Registration
Statement pursuant to Item 3 of Form S-8 (Part II hereof),
taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed with the Commission by
Talbert Medical Management Holdings Corporation (the
"Company") and The FHP International Corporation 401(k)
Savings Plan (formerly known as the FHP International
Corporation Employee Stock Ownership Plan, herein referred to
as the "Savings Plan" and of which the FHP International
Corporation PAYSOP (the "PAYSOP") was a part until the spin
off of the PAYSOP from the Savings Plan was effected by the
acquisition transaction of FHP International Corporation
("FHP") and PacifiCare Health Systems, Inc. ("PacifiCare"))
are incorporated herein by reference:
(a) The Company's Prospectus dated April 21, 1997 filed
with the Commission pursuant to Rule 424(b) under the
Securities Act on December 12, 1996, as amended, which
contains audited financial statements for the Company's
fiscal year ended December 31, 1996;
(b) Annual Report on Form 11-K for the FHP International
Corporation Employee Stock Ownership Plan (as the
prior version of the Savings Plan and the PAYSOP) for
the fiscal year ended December 31, 1995; and
(c) The description of the Company's Common Stock and
Rights to acquire Common Stock contained in its
Registration Statement on Form 8-A, filed with the
Commission on April 21, 1997.
All documents subsequently filed by the Company, the
Savings Plan, or the PAYSOP pursuant to Sections 13(a), 13(c),
14 or 15(d) of the Securities and Exchange Act of 1934, as
amended (the "Exchange Act"), prior to the filing of a post-
effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all
securities then remaining unsold shall be deemed to be
incorporated by reference into the prospectus and to be a part
hereof from the date of filing of such documents. Any
statement contained herein or in a document, all or a portion
of which is incorporated or deemed to be incorporated by
reference herein, shall be deemed to be modified or superseded
for 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 amended, to constitute a part
of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES
The Company's Common Stock and Rights to acquire Common
Stock are registered pursuant to Section 12 of the Exchange
Act, and, therefore, the description of the securities is
omitted.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not Applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Company's Certificate of Incorporation contains a
provision eliminating or limiting director liability for
monetary damages arising from a breach of fiduciary duty as a
director, except for liability of a director (i) for any
breach of such director's duty of loyalty to the Company or
its stockholders; (ii) for acts or omissions not in good faith
or that involve intentional misconduct or a knowing violation
of law; (iii) under the Delaware statutory provision making
directors personally liable, under a negligence standard, for
unlawful dividends or unlawful stock purchases or redemptions;
or (iv) for any transaction from which the director derived an
improper personal benefit. As a result of this provision, the
ability of the Company or a stockholder thereof to
successfully prosecute an action against a director for a
breach of his or her duty of care is limited. However, the
provision does not affect the availability of equitable
remedies such as an injunction or rescission based upon a
director's breach of his duty of care.
In addition, the Certificate of Incorporation and the
Company's Bylaws provide for mandatory indemnification rights,
subject to limited exceptions, to any person who by reason of
the fact that he or she is a director or officer of the
Company, is involved in a legal proceeding of any nature if he
or she acted in good faith and in a manner he or she
reasonably believed to be in and not opposed to the best
interests of the Company. If such legal proceeding is brought
by or in the right of the Company, no indemnification will be
made if the person is adjudged to be liable for negligence or
misconduct in the performance of his duty to the Company,
unless a court finds such person to be entitled to indemnity
despite adjudication of liability. Such indemnification
rights include reimbursement for expenses incurred by such
director or officer in advance of the final disposition of
such proceeding in accordance with the applicable provisions
of Delaware General Corporation Law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
See the attached Exhibit Index on page S-5. The FHP
International Corporation Employee Stock Ownership Plan (as
the prior version of the Savings Plan and the PAYSOP) was
submitted to the IRS on June 11, 1993. The IRS issued a
favorable determination letter dated March 10, 1994. The
undersigned registrant hereby undertakes to cause the Savings
Plan and the PAYSOP, as amended, as well as any subsequent
amendments to the IRS in a timely manner and will cause all
changes required by the IRS to be made in order to qualify the
Savings Plan and the PAYSOP.
ITEM 9. UNDERTAKINGS
(a) 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;
(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; and
(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) and
(a)(1)(ii) do not apply if the information required to be
included in a post-effective amendment by those paragraphs
is contained in periodic reports filed by the registrant
pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act that are incorporated by reference in the
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 regis-
tration 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; and
(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.
(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 Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange 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.
(h) 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 provisions described in Item 6 above, or otherwise, the
registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as
expressed in the Securities 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 Securities Act
and will be governed by the final adjudication of such issue.
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-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Costa Mesa, State of California, on
April 9, 1997.
By: /s/ Jack D. Massimino
Jack D. Massimino
Its: President, Chief
Executive Officer and
Director
POWER OF ATTORNEY
Each person whose signature appears below constitutes
and appoints Jack D. Massimino and Walter R. Stone and each of
them, his true and lawful attorney-in-fact and agent, with
full powers of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments)
to this Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent, each acting alone, full power
and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises,
as fully to all intents and purposes as he might or could do
in person, hereby ratifying and confirming all that said
attorney-in-fact and agent, or his substitute or substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of
1933, this Registration Statement has been signed below by the
following persons in the capacities and on the dates
indicated.
Signature Title Date
/s/ Jack D. Massimino President, Chief Executive April 9, 1997
Jack D. Massimino Officer (Principal Executive
Officer) and Director
/s/ Walter R. Stone Vice President, Finance and April 9, 1997
Walter R. Stone Treasurer (Principal Financial
and Accounting Officer)
/s/ Jack R. Anderson Director April 17, 1997
Jack R. Anderson
/s/Richard M. Burdge, Sr. Director April 10, 1997
Richard M. Burdge, Sr.
/s/ Jeffrey M. Folick Director April 9, 1997
Jeffrey M. Folick
/s/ Warner Heineman Director April 9, 1997
Warner Heineman
Director April _, 1997
Van B. Honeycutt
/s/ Alan R. Hoops Director April 9, 1997
Alan R. Hoops
/s/ Robert W. Jamplis Director April 9, 1997
Robert W. Jamplis, M.D.
/s/ Robert C. Maxson Director April 9, 1997
Robert C. Maxson
Director April _, 1997
Westcott W. Price III
THE SAVINGS PLAN. Pursuant to the requirements of the
Securities Act of 1933, The FHP International Corporation
401(k) Savings Plan has duly caused this Registration
Statement on Form S-8 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of
Cypress, State of California, on April 9, 1997.
THE FHP INTERNATIONAL CORPORATION
401(K) SAVINGS PLAN
By: The FHP International Corporation
401(k) Savings Plan Committee
By: /s/ Coy Baugh
Coy Baugh
By: /s/ Judy Ehrenreich
Judy Ehrenreich
By: /s/ Jeffrey Kuehn
Jeffrey Kuehn
By: /s/ Wanda Lee
Wanda Lee
THE PAYSOP. Pursuant to the requirements of the
Securities Act of 1933, The FHP International Corporation
PAYSOP has duly caused this Registration Statement on Form S-8
to be signed on its behalf by the undersigned, thereunto duly
authorized, in the city of Cypress, State of California, on
April 9, 1997.
THE FHP INTERNATIONAL CORPORATION
PAYSOP
By: The FHP International Corporation
PAYSOP Committee
By: /s/ Coy Baugh
Coy Baugh
By: /s/ Judy Ehrenreich
Judy Ehrenreich
By: /s/ Jeffrey Kuehn
Jeffrey Kuehn
By: /s/ Wanda Lee
Wanda Lee
EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
4.1 1993 Amendment to the FHP International
Corporation Employee Stock Ownership Plan
(amending and restating the FHP International
Corporation Employee Stock Ownership Plan
in its entirety).
4.2 1994-1 Amendment to the FHP International
Corporation Employee Stock Ownership Plan.
4.3 1994-2 Amendment to the FHP International
Corporation Employee Stock Ownership Plan.
4.4 1995-1 Amendment to the FHP International
Corporation Employee Stock Ownership Plan.
4.5 1996-1 Amendment to the FHP International
Corporation Employee Stock Ownership Plan.
4.6 Resolutions of the Board of Directors
of FHP International Corporation (amending
the FHP International Corporation Employee
Stock Ownership Plan, establishing The
FHP International Corporation PAYSOP and
renaming the remainder of the FHP International
Corporation Employee Stock Ownership Plan
as "The FHP International Corporation 401(k)
Savings Plan").
4.7 Resolutions of the Board of Directors of FHP
International Corporation (amending The FHP
International Corporation 401(k) Savings Plan
and The FHP International Corporation PAYSOP).
4.8 Form of Specimen Certificate for registrant's
Common Stock.
4.9 Form of Specimen Certificate for Subscription
Agreement representing rights to purchase shares of
registrant's Common Stock.
5. Opinion of Company Counsel (opinion re legality).
23.1 Consent of Deloitte & Touche LLP, as Independent
Public Accountants.
23.2 Consent of Deloitte & Touche LLP, as Independent
Public Accountants.
23.3 Consent of Company Counsel (included in Exhibit 5).
24. Power of Attorney (included in this
Registration Statement under "Signatures").