AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 1, 1999
REGISTRATION NO. 33-___________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
--------------
HEILIG-MEYERS COMPANY
(Exact name of registrant as specified in its charter)
Virginia 54-0558861
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
12560 West Creek Parkway,
Richmond, Virginia 23238
(Address of principal executive offices) (Zip Code)
HEILIG-MEYERS COMPANY
EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
Paige H. Wilson
Senior Vice President, Treasurer and Secretary
Heilig-Meyers Company
12560 West Creek Parkway
Richmond, Virginia 23238
Telephone: (804) 784-7554
(Name, address and telephone number, including
area code, of agent for service)
CALCULATION OF REGISTRATION FEE
- ------------------------------------------------------------------------------------------------------------------------
Title of Proposed Maximum Proposed Maximum
Securities to Amount to be Offering Aggregate Amount of
be Registered Registered Price Per Share (1) Offering Price(1) Registration Fee
- ------------------------------------------------------------------------------------------------------------------------
Common
Stock, $ 2.00
par value 960,000 $7.0625 $6,780,000 $1884.84
shares
Rights to Purchase
Preferred Stock, 960,000 (2) (2) (2)
Series A, par value
$10.00
- ------------------------------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of determining the registration fee and
based, pursuant to Rule 457(c) and (h)(1) under the Securities Act of 1933, on
the average of the high and low per share sales price of the registrant's Common
Stock as reported on the New York Stock Exchange on June 25, 1999.
(2) The Rights to Purchase Preferred Stock will be attached to and trade with
shares of the Common Stock of the Company. Value attributable to such rights, if
any, will be reflected in the market price of the shares of Common Stock. No fee
is required pursuant to Section 6(b) of the Securities Act of 1933 and 17 C.F.R.
ss.230.236.
1
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The purpose of this Registration Statement is to register 960,000
additional shares of Common Stock, $2.00 par value, ("Common Stock"), of
Heilig-Meyers Company (the "Company") upon the exercise of stock options granted
or to be granted pursuant to the Heilig-Meyers Company Employee Stock Purchase
Plan. The Registrant hereby incorporates by reference all information included
in its Form S-8 Registration Statement No. 33-43791 filed with the Commission on
November 5, 1991 which should be read in conjunction with the information
contained herein.
The Company hereby incorporates by reference into this Registration
Statement the following documents which have been filed with the Securities and
Exchange Commission (the "Commission"):
(a) The Company's Annual Report on Form 10-K for the fiscal year ended
February 28, 1999.
(b) The Company's Form 8-K filed June 17, 1999.
(c) The description of the Common Stock contained in the Registration
Statement on Form 8-A filed with the Commission on April 26, 1983 (File
No. 1-8484), as amended by amendments on Form 8, filed with the
Commission on April 9, 1985, February 23, 1988, September 20, 1989,
July 31, 1990, August 6, 1992, July 28, 1994 and the amendment on Form
8-A/A dated February 19, 1998, respectively (File No. 1-8484); and
(d) The description of the Rights to Purchase Preferred Stock, Series A
contained in the Registration Statement on Form 8-A filed with the
Commission on February 19, 1998 (File No. 1-8484).
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of 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 such securities then remaining unsold, shall
be deemed to be incorporated by reference in this Registration Statement and to
be part hereof from the respective dates of filing of such documents.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The laws of the Commonwealth of Virginia pursuant to which the Company
is incorporated permit it to indemnify its officers and directors against
certain liabilities arising by reason of the fact that the person is or was a
director, officer, employee or agent of the Company. The Articles of
Incorporation of the Company provide for the indemnification of each director
and officer (including former directors and officers and each person who may
have served at the request of the Comany as a director or officer of any other
legal entity and, in all cases, his heirs, executors and administrators) against
liabilities (including expenses) reasonably incurred by him in connection with
any actual or threatened action suit or proceeding to which he may be made a
party by reason of his being or having been a director or officer of the
Company, except in relation to any action, suit or proceeding in which he has
been adjudged liable because of willful misconduct or a knowing violation of
criminal law.
The Company has purchased directors' and officers' liability insurance,
and company reimbursement insurance which covers all directors and officers of
the Company and its subsidiaries.
ITEM 8. EXHIBITS
Exhibit
Number Description
4.1 Registrant's Restated Articles of Incorporation, as
amended, filed as Exhibit 3(a) to Registrant's
Annual Report on Form 10-K for the fiscal year ended
February 28, 1998 are incorporated herein by this reference.
4.2 Registrant's Amended and Restated Bylaws, as amended, filed as
Exhibit 4.2 to Registrant's Registration Statement on Form S-8
(No: 333-81743).
2
5.1 Opinion of McGuire, Woods, Battle & Boothe LLP.
23.1 Consent of Deloitte & Touche LLP
23.2 Consent of McGuire, Woods, Battle & Boothe LLP (included as
part of Exhibit 5.1).
24.1 Power of Attorney (see signature page).
99.1 Heilig-Meyers Employee Stock Purchase Plan Amendment and
Restatement effective as of January 1, 1993.
99.2 First Amendment to the Heilig-Meyers Company Employee Stock
Purchase Plan effective as of June 16, 1999.
ITEM 9. UNDERTAKINGS
The undersigned registrant hereby undertakes:
(a) (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;
(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 with or
furnished to the Commission by the registrant pursuant to Section 13 or Section
15(d) of the Exchange Act 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.
(b) 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 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.
(c) 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 foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the 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 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.
(d) 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
3
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 Exchange Act; and, where
interim financial information required to be presented by Article 3 of
Regulation S-X is 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.
4
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 Richmond, Commonwealth of Virginia, on June 30, 1999.
HEILIG-MEYERS COMPANY
By: /s/ William C. DeRusha June 30, 1999
---------------------------------
William C. DeRusha
Chairman of the Board, Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below hereby appoints William C.
DeRusha and Roy B. Goodman, or any of them, his true and lawful attorney-in-fact
to sign on his behalf, as an individual and in the capacity stated below, any
amendment or post- effective amendment to this registration statement which said
attorney-in-fact may deem appropriate or necessary.
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.
/s/ Roy B. Goodman June 30, 1999
- ---------------------------------------
Roy B. Goodman
Senior Vice President
and Chief Financial Officer (Principal Financial Officer)
/s/ William J. Dieter June 30, 1999
- ---------------------------------------
William J. Dieter
Senior Vice President, Accounting
and Chief Accounting Officer (Principal Accounting Officer)
/s/ Alexander Alexander June 30, 1999
- ---------------------------------------
Alexander Alexander
Director
/s/ Robert L. Burrus, Jr. June 30, 1999
- ---------------------------------------
Robert L. Burrus, Jr.
Director
/s/ Beverly E. Dalton June 30, 1999
- ---------------------------------------
Beverly E. Dalton
Director
/s/ Charles A. Davis June 30, 1999
- ---------------------------------------
Charles A. Davis
Director
/s/ Benjamin F. Edwards III June 30, 1999
- ---------------------------------------
Benjamin F. Edwards III
Director
5
/s/ Lawrence N. Smith June 30, 1999
- ---------------------------------------
Lawrence N. Smith
Director
/s/ Eugene P. Trani June 30, 1999
- ---------------------------------------
Eugene P. Trani
Director
/s/ L. Douglas Wilder June 30, 1999
- ---------------------------------------
L. Douglas Wilder
Director
6