As filed with the Securities and Exchange Commission on April 9, 2002
File No. 333-__________
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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UNUMPROVIDENT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 62-1598430
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
1 Fountain Square
Chattanooga, Tennessee 37402
(423) 755-1011
(Address, including zip code, and telephone number of Principal
Executive Offices)
UnumProvident Corporation Stock Plan of 1999
UnumProvident Corporation 401(k) Retirement Plan
(As Amended on February 15, 2002)
UnumProvident Corporation Broad-Based Stock Plan of 2001
(As Amended on February 8, 2001)
UnumProvident Corporation Broad-Based Stock Plan of 2002
UnumProvident Corporation Employee Stock Option Plan
(Full Titles of the Plans)
Susan N. Roth Copy to:
UnumProvident Corporation Michael L. Stevens
1 Fountain Square Alston & Bird LLP
Chattanooga, Tennessee 37402 One Atlantic Center
(423) 755-8913 1201 West Peachtree Street, NW
(Name, address, including zip code, and telephone Atlanta, Georgia 30309-3424
number, including area code, of agent for service) (404) 881-7970
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CALCULATION OF REGISTRATION FEE
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Title of Securities Amount to Proposed Maximum Proposed Maximum Amount of
To be Registered be Registered Offering Price Aggregate Offering Registration Fee
Per Share Price
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Common Stock,
$.10 par value per share 1,053,225 $13.7188(1) $ 14,448,983.13 $ 1,329.31
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Common Stock,
$.10 par value per share 2,790,477 $ 28.42(2) $ 79,305,356.34 $ 7,296.09
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Common Stock,
$.10 par value per share 1,952,685 $ 28.00(3) $ 54,675,180 $ 5,030.12
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Common Stock,
$.10 par value per share 1,974,425 $ 28.90(4) $ 57,060,882.40 $ 5,249.60
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Common Stock,
$.10 par value per share 16,219,188 $ 27.65 $448,460,548.20 $41,258.32
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Aggregate 23,990,000(6) $653,950,950.07 $60,163.44
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(1) Determined in accordance with Rule 457(h). Such computation is based on the
weighted average exercise price per share covering outstanding options under the
UnumProvident Corporation Employee Stock Option Plan.
(2) Determined in accordance with Rule 457(h). Such computation is based on the
weighted average exercise price per share covering outstanding options under the
UnumProvident Corporation Stock Plan of 1999.
(3) Determined in accordance with Rule 457(h). Such computation is based on the
weighted average exercise price per share covering outstanding options under the
UnumProvident Corporation Broad-Based Stock Plan of 2001 (as amended on February
8, 2001).
(4) Determined in accordance with Rule 457(h). Such computation is based on the
weighted average exercise price per share covering outstanding options under the
UnumProvident Corporation Broad-Based Stock Plan of 2002.
(5) Determined in accordance with Rule 457(h), the registration fee calculation
is based on the average of the high and low prices of the Company's Common Stock
reported on the New York Stock Exchange on April 1, 2002. Such computation is
based on the number of shares reserved but not subject to outstanding awards
under the plans and the UnumProvident Corporation 401(k) Retirement Plan (as
amended on February 15, 2002).
(6) Amount to be registered includes 1.1 million shares which may be issued
pursuant to the UnumProvident Corporation Employee Stock Option Plan; 13.5
million shares which may be issued pursuant to the UnumProvident Corporation
Stock Plan of 1999; 5.0 million shares which may be issued pursuant to the
UnumProvident Corporation 401(k) Retirement Plan (As Amended on February 15,
2002); 2.0 million shares which may be issued pursuant to the UnumProvident
Corporation Broad-Based Plan of 2001 (As Amended on February 8, 2001); and 2.39
million shares which may be issued pursuant to the UnumProvident Corporation
Broad-Based Plan of 2002, including additional shares that may be offered in
accordance with the adjustment and anti-dilution provisions of such plans.
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 401(k) Plan.
PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents constituting Part I of this Registration Statement will
be sent or given to participants in the Plans as specified by Rule 428(b)(1)
under the Securities Act of 1933, as amended. Upon written or oral request, the
Company will provide, without charge, the documents incorporated by reference in
Item 3 of Part II of this Registration Statement. The documents are incorporated
by reference in the Section 10(a) prospectus. The Company will also provide,
without charge, upon written or oral request, other documents required to be
delivered to employees pursuant to Rule 428(b). Requests for the above mentioned
information should be directed to Susan N. Roth, Corporate Secretary, at (423)
755-8913.
PART II. INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents have been filed by Provident Companies, Inc. (now
UnumProvident Corporation) (the "Company") (File No. 1-11834) and the
UnumProvident Corporation 401(k) Retirement Plan (as amended on February 15,
2002 (the "401(k) Plan") with the Securities and Exchange Commission (the
"Commission") pursuant to the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and are incorporated by reference in this Registration
Statement:
(1) The Company's Annual Report on Form 10-K/A for the fiscal year ended
December 31, 2001;
(2) The 401(k) Plan's annual report on Form 11-K for the fiscal year ended
December 31, 2001;
(3) All other reports filed by the Company or the 401(k) Plan pursuant to
Section 13(a) or 15(d) of the Exchange Act since December 31, 2001; and
(4) The description of Common Stock contained in the Company's
Registration Statement filed under Section 12 of the Exchange Act, including all
amendments or reports filed for the purpose of updating such description.
All other documents subsequently filed by the Company or the 401(k) Plan
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to
the filing of a post-effective amendment to this Registration Statement that
indicates that all securities offered have been sold or that deregisters all
securities that remain unsold, shall be deemed to be incorporated by reference
in this Registration Statement and to be a part hereof from the date of filing
of such documents.
Any statement contained in a document incorporated or deemed incorporated
herein by reference shall be deemed to be modified or superseded for the purpose
of this Registration Statement to the extent that a statement contained herein
or in any subsequently filed document which also is, or is deemed to be,
incorporated herein by reference 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 4. Description of Securities. Not Applicable.
Item 5. Interests of Named Experts and Counsel. Not Applicable.
Item 6. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law provides that a
corporation may indemnify directors and officers as well as other employees and
individuals against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement in connection with specified actions, suits or
proceedings, whether civil, criminal, administrative or investigative (other
than an action by or in the right of the corporation--a "derivative action"), if
they acted in good faith and in a manner they 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 their conduct
was unlawful. A similar standard is applicable in the case of derivative
actions, except that indemnification only extends to expenses (including
attorneys' fees) actually and reasonably incurred in connection with the defense
or settlement of such action, and the statute requires court approval before
there can be any indemnification where the person seeking indemnification has
been found liable to the corporation. The statute provides that it is not
exclusive of other rights to which those seeking indemnification may be entitled
under any by-law, agreement, vote of stockholders or disinterested directors or
otherwise.
Article VIII of the Company's Amended and Restated Bylaws provides for the
indemnification of the Company's directors and officers as set forth below:
SECTION 1. Indemnification in Actions, Suits, or Proceedings Other
Than Those by or in the Right of the Corporation. Subject to Section 3 of
this Article VIII, the Corporation shall indemnify each person who is or
was, or is threatened to be made, a party to or witness in any threatened,
pending or completed action, suit, proceeding or claim, whether civil,
criminal, administrative or investigative (other than one by or in the
right of the Corporation), by reason of the fact that he is or was a
director, officer or employee of the Corporation or of Union Mutual Life
Insurance Company, a Maine mutual insurance company (the "Mutual Company"),
or is or was serving at the request of the Corporation or the Mutual
Company as a director, officer, employee or trustee of another corporation,
partnership, joint venture, trust, employee benefit plan or other
enterprise, against expenses (including attorney's fees and expenses),
judgments, fines, penalties, and amounts paid in settlement, incurred by
him in connection with defending, investigating, preparing to defend, or
being or preparing to be a witness in, such action, suit, proceeding or
claim, if he acted in good faith and in a manner he 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 his conduct was unlawful.
SECTION 2. Indemnification in Actions, Suits or Proceedings by or in
the Right of the Corporation. Subject to Section 3 of this Article VIII,
the Corporation shall indemnify each person who is or was, or is threatened
to be made, a party to or witness in any threatened, pending or completed
action, suit, proceeding or claim by or in the right of the Corporation to
procure a judgment in its favor by reason of the fact that he is or was a
director, officer or employee of the Corporation or of the Mutual Company
or is or was serving at the request of the Corporation or the Mutual
Company as a director, officer, employee or trustee of another corporation,
partnership, joint venture, trust, employee benefit plan or other
enterprise, against expenses (including attorney's fees and expenses), and,
if and to the extent permitted by applicable law, judgments, penalties and
amounts paid in settlement, incurred by him in connection with defending,
investigating, preparing to defend, or being or preparing to be a witness
in, such action, suit, proceeding or claim, if he acted in good faith and
in a manner he reasonably believed to be in or not opposed to the best
interests of the Corporation; provided, however, that no
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indemnification shall be made in respect of any such claim or any issue or
matter in any such action, suit or proceeding 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 claim,
action, suit or proceeding 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
indemnification for such expenses and amounts which the Court of Chancery
or such other court shall deem proper.
SECTION 3. Authorization of Indemnification. (a) Any indemnification
under this Article VIII (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 person seeking indemnification is proper in the
circumstances because he has met the applicable standard of conduct set
forth in Section 1 or 2 of this Article VIII, as the case may be. Such
determination (and determinations under Sections 5 and 6 of this Article
VIII) shall be made (i) by the Board of Directors by a majority vote of a
quorum consisting of directors who were not parties to the action, suit,
proceeding or claim with respect to which indemnification is sought
("disinterested directors"), or (ii) if such a quorum is not obtainable, or
if a quorum of disinterested directors so directs, in a written opinion of
independent legal counsel chosen by the Board of Directors, or (iii) by the
stockholders; provided, however, that if a Change in Control (as defined in
this Section 3) has occurred and the person seeking indemnification so
requests, such determination (and determination under Sections 5 and 6 of
this Article VIII) shall be made in a written opinion rendered by
independent legal counsel chosen by the person seeking indemnification and
not reasonably objected to by the Board of Directors (whose fees and
expenses shall be paid by the Corporation). To the extent, however, that a
director, officer, employee or trustee or former director, officer,
employee or trustee has been successful on the merits or otherwise in
defense of any action, suit, proceeding or claim described above, or in
defense of any claim, issue or matter therein, he shall be indemnified
against expenses (including attorney's fees and expenses) incurred by him
in connection therewith, without the necessity of authorization in the
specific case.
(b) For purposes of the proviso to the second sentence of Section
3(a), "independent legal counsel" shall mean legal counsel other than an
attorney, or a firm having associated with it an attorney, who has been
retained by or who has performed services for the Corporation, the Mutual
Company or the person seeking indemnification within the previous three
years.
(c) A "Change in Control" shall mean a change in control of the
Corporation of a nature that would be required to be reported in response
to Item 5(f) of Schedule 14A of Regulation 14A promulgated under the Act,
whether or not the Corporation is then subject to such reporting
requirement; provided that, without limitation, such a change in control
shall be deemed to have occurred if (i) any "person" (as such term is used
in sections 13(d) and 14(d) of the Act) is or becomes the "beneficial
owner" (as defined in Rule 13d-3 under the Act), directly or indirectly, of
securities of the Corporation representing 35% or more of the combined
voting power of the Corporation's then outstanding securities without the
prior approval of at least two-thirds of the members of the Board of
Directors in office immediately prior to such acquisition, or (ii) the
Corporation is a party to a merger, consolidation, sale of assets or other
reorganization, or proxy contest, as a consequence of which members of the
Board of Directors in office immediately prior to such transaction or event
constitute less than a majority of the Board
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of Directors thereafter, or (iii) during any period of two consecutive
years, individuals who at the beginning of such period constituted the
Board of Directors (including for this purpose any new director whose
election or nomination for election by the Corporation's stockholders was
approved by a vote of at least two-thirds of the directors then still in
office who were directors at the beginning of the period) cease for any
reason to constitute at least a majority of the Board of Directors.
SECTION 4. Good Faith Defined, Etc. (a) For purposes of any
determination under Section 3 of this Article VIII, a person shall be
deemed to have acted in good faith and in a manner he reasonably believed
to be in or not opposed to the best interests of the Corporation, or, with
respect to any criminal action or proceeding, to have had no reasonable
cause to believe his conduct was unlawful, if such person relied on the
records or books of account of the Corporation, the Mutual Company or
another enterprise, or on information supplied to him by the officers of
the Corporation, the Mutual Company or another enterprise, or on
information or records given or reports made to the Corporation, the Mutual
Company or another enterprise by an independent certified public accountant
or by an appraiser or other expert selected with reasonable care by the
Corporation, the Mutual Company or another enterprise. The term "another
enterprise" as used in this Section 4(a) shall mean any other corporation
or any partnership, joint venture, trust, employee benefit plan or other
enterprise of which such person is or was serving at the request of the
Corporation or the Mutual Company as a director, officer, employee or
trustee.
(b) The termination of any action, suit, proceeding or claim by
judgment, order, settlement, conviction, or upon a plea of noel contender
or its equivalent, shall not, of itself, create a presumption that the
person did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Corporation,
or, with respect to any criminal action or proceeding, that he had no
reasonable cause to believe that his conduct was unlawful.
(c) References in this Article VIII to "penalties" include any excise
taxes assessed on a person with respect to an employee benefit plan;
references in this Article VIII to "serving at the request of the
Corporation or the Mutual Company" include any service as a director,
officer or employee or former director, officer or employee of the
Corporation or the Mutual Company which imposes duties on, or involves
services by, such person with respect to an employee benefit plan or its
participants or beneficiaries; and a person who acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best
interests of the participants or beneficiaries of such an employee benefit
plan shall be deemed to have acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
Corporation.
(d) The provisions of this Section 4 shall not be deemed to be
exclusive or to limit in any way the circumstances in which a person may be
deemed to have met the applicable standard of conduct set forth in Section
1 or 2 of this Article VIII, as the case may be.
SECTION 5. Right to Indemnification upon Application; Procedure upon
Application; Etc. Except as otherwise provided in the proviso to Section 2
of this Article VIII:
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(a) Any indemnification under Section 1 or 2 of this Article VIII
shall be made no later than 45 days after receipt by the Corporation of the
written request of the director, officer, employee or trustee or former
director, officer, employee or trustee unless a determination is made
within said 45-day period in accordance with Section 3 of this Article VIII
that such person has not met the applicable standard of conduct set forth
in Section 1 or 2 of this Article VIII.
(b) The right to indemnification under Section 1 or 2 of this Article
VIII or advances under Section 6 of this Article VIII shall be enforceable
by the director, officer, employee or trustee or former director, officer,
employee or trustee in any court of competent jurisdiction. Following a
Change in Control, the burden of proving that indemnification is not
appropriate shall be on the Corporation. Neither the absence of any prior
determination that indemnification is proper in the circumstances, nor a
prior determination that indemnification is not proper in the
circumstances, shall be a defense to the action or create a presumption
that the director, officer, employee or trustee or former director,
officer, employee or trustee has not met the applicable standard of
conduct. The expenses (including attorney's fees and expenses) incurred by
the director, officer, employee or trustee or former director, officer,
employee or trustee in connection with successfully establishing his right
to indemnification, in whole or in part, in any such action (or in any
action or claim brought by him to recover under any insurance policy or
policies referred to in Section 9 of this Article VIII) shall also be
indemnified by the Corporation.
(c) If any person is entitled under any provision of this Article VIII
to indemnification by the Corporation for some or a portion of expenses,
judgments, fines, penalties or amounts paid in settlement incurred by him,
but not, however, for the total amount thereof, the Corporation shall
nevertheless indemnify such person for the portion of such expenses,
judgments, fines, penalties and amounts to which he is entitled.
SECTION 6. Expenses Payable in Advance. Expenses (including attorney's
fees and expenses) incurred by a director, officer, employee or trustee or
a former director, officer, employee or trustee in defending,
investigating, preparing to defend, or being or preparing to be a witness
in, a threatened or pending action, suit, proceeding or claim against him,
whether civil or criminal, may be paid by the Corporation in advance of the
final disposition of such action, suit, proceeding or claim upon receipt by
the Corporation of a written request therefor and a written undertaking by
or on behalf of the director, officer, employee or trustee or former
director, officer, employee or trustee to repay such amounts if it shall be
determined in accordance with Section 3 of this Article VIII that he is not
entitled to be indemnified by the Corporation; provided, however, that if
he seeks to enforce his rights in a court of competent jurisdiction
pursuant to Section 5(b) of this Article VIII, said undertaking to repay
shall not be applicable or enforceable unless and until there is a final
court determination that he is not entitled to indemnification as to which
all rights of approval have been exhausted or have expired.
SECTION 7. Certain Persons Not Entitled to Indemnification.
Notwithstanding any other provision of this Article VIII, no person shall
be entitled to indemnification under this Article VIII or to advances under
Section 6 of this Article VIII with respect to any action, suit, proceeding
or claim brought or made by him against the Corporation or the Mutual
Company, other than an action, suit, proceeding or claim seeking, or
defending such person's right to, indemnification and/or expense advances
pursuant to this Article VIII or otherwise.
5
SECTION 8. Non-Exclusivity and Survival of Indemnification. The
provisions of this Article VIII shall not be deemed exclusive of any other
rights to which the person seeking indemnification or expense advances may
be entitled under any agreement, contract, or vote of stockholders or
disinterested directors, or pursuant to the direction (howsoever embodied)
of any court of competent jurisdiction, or otherwise, both as to action in
his official capacity and as to action in another capacity while holding
such office. Except as otherwise provided in Section 7 of this Article
VIII, but notwithstanding any other provision of this Article VIII, it is
the policy of the Corporation that indemnification of and expense advances
to the persons specified in Sections 1 and 2 of this Article VIII shall be
made to the fullest extent permitted by law, and, accordingly, in the event
of any change in law, by legislation or otherwise, permitting greater
indemnification of and/or expense advances to any such person, the
provisions of this Article VIII shall be construed so as to require such
greater indemnification and/or expense advances. The provisions of this
Article VIII shall not be deemed to preclude the indemnification of any
person who is not specified in Section I or 2 of this Article VIII but whom
the Corporation has the power to indemnify under the provisions of the
General Corporation Law of the State of Delaware or otherwise. The
provisions of this Article VIII shall continue as to a person who has
ceased to be a director, officer, employee or trustee and shall inure to
the benefit of the heirs, executors and administrators of such person.
SECTION 9. Insurance. The Corporation may purchase and maintain at its
expense insurance on behalf of any person who is or was a director, officer
or employee of the Corporation or the Mutual Company or is or was serving
at the request of the Corporation or the Mutual Company as a director,
officer, employee or trustee of another corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise against any
liability or expense asserted against or incurred by him in any such
capacity, or arising out of his status as such, whether or not the
Corporation would have the power or the obligation to indemnify him against
such liability or expense under the provisions of this Article VIII or the
provisions of Section 145 of the General Corporation Law of the State of
Delaware. The Company shall not be obligated under this Article VIII to
make any payment in connection with any claim made against any person if
and to the extent that such person has actually received payment therefor
under any insurance policy or policies.
SECTION 10. Successors; Meaning of "Corporation". This Article VIII
shall be binding upon and enforceable against any direct or indirect
successor by purchase, merger, and consolidation or otherwise to all or
substantially all of the business and/or assets of the Corporation. For
purposes of this Article VIII, but subject to the provisions of any
agreement relating to any merger or consolidation of the kind referred to
in clause (i) below or of any agreement relating to the acquisition of any
corporation of the kind referred to in clause (ii) below, references to
"the Corporation" shall include (i) any constituent corporation (including
any constituent of a constituent) absorbed in a consolidation or merger
with the Corporation which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers and
employees, so that any person who is or was a director, officer or employee
of such constituent corporation, or is or was serving at the request of
such constituent corporation as a director, officer, employee or trustee of
another corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise, shall stand in the same position under the
provisions of this Article VIII with respect to the Corporation as he would
have
6
with respect to such constituent corporation if its separate existence had
continued; and (ii) any corporation of which at least a majority of the
voting power (as represented by its outstanding stock having voting power
generally in the election of directors) is owned directly or indirectly by
the Corporation.
SECTION 11. Severability. The provisions of this Article VIII shall be
severable in the event that any provision hereof (including any provision
within a single section, subsection, clause, paragraph or sentence) is held
invalid, void or otherwise unenforceable on any ground by any court of
competent jurisdiction. In the event of any such holding, the remaining
provisions of this Article VIII shall continue in effect and be enforceable
to the fullest extent permitted by law.
In addition, pursuant to the authority of Delaware law, the Restated
Certificate of Incorporation of the Company provides as follows:
No director shall be personally liable to the Corporation or any of its
stockholders for monetary damages for any breach of fiduciary duty as a
director, except for liability (i) for any breach of the director's duty of
loyalty to the Corporation or its stockholders, (ii) for acts or omissions
not in good faith or which involve intentional misconduct or a knowing
violation of law, (iii) pursuant to Section 174 of the Delaware General
Corporation Law or (iv) for any transaction from which the director derived
an improper personal benefit.
Insofar as indemnification for liabilities arising under the Securities Act
of 1933, as amended may be permitted to directors, officers or persons
controlling the Registrant pursuant to the foregoing provisions, the Registrant
has been informed 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.
The Company also maintains insurance on its directors and officers, which
covers liabilities under federal securities laws.
Item 7. Exemption from Registration Claimed. Not Applicable.
Item 8. Exhibits
The exhibits listed in the Exhibit Index are filed as part of this
Registration Statement. In lieu of the opinion of counsel or determination
letter contemplated by Item 601(b)(5) of Regulation S-K, the undersigned
registrant hereby undertakes that it will submit or has submitted the 401(k)
Plan and any amendment thereto to the Internal Revenue Service ("IRS") in a
timely manner and has made or will make all changes required by the IRS in order
to qualify the 401(k) Plan under Section 401 of the Internal Revenue Code of
1986, as amended.
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Item 9. Undertakings
(a) The undersigned Company 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 this 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
this 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% change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in
this Registration Statement;
(iii) To include any material information with respect to the
plan of distribution not previously disclosed in this Registration
Statement or any material change to such information in this Registration
Statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above 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 Company
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference in this 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 being 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) The undersigned Company hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Company'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 this
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 Company pursuant to the foregoing provisions, or otherwise, the
Company 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
8
the payment by the Company of expenses incurred or paid by a director, officer
or controlling person of the Company 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 Company 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.
(signatures on following page)
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SIGNATURES
The Registrant. Pursuant to the requirements of the Securities Act of 1933,
the Company 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 Chattanooga, State of Tennessee, on April 8,
2002.
UNUMPROVIDENT CORPORATION:
By: /s/ J. Harold Chandler
----------------------------------
J. Harold Chandler
Chairman, President and
Chief Executive Officer
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints F. Dean Copeland or Susan N. Roth as his/her true
and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution to do any and all acts and things and execute, for him/her and in
his/her name, place and stead, in any and all capacities, to sign any or all
amendments (including post-effective amendments) to this Registration Statement,
and to file the same, with all exhibits thereto and all such other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorneys-in-fact and agents, and each of them, 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/she might
or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their 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 by the following persons in the
capacities and on the date indicated.
Signatures Title Date
---------- ----- ----
/s/ J. Harold Chandler Chairman, President and March 12, 2002
---------------------- --------------
J. Harold Chandler Chief Executive Officer
(principal executive officer)
/s/ Thomas R. Watjen Executive Vice President- March 12, 2002
-------------------- --------------
Thomas R. Watjen Finance and Risk Management
(principal financial officer)
/s/ Robert C. Greving Senior Vice President - Finance April 5, 2002
--------------------- -------------
Robert C. Greving (principal accounting officer)
/s/ William L. Armstrong Director April 5, 2002
------------------------ -------------
William L. Armstrong
/s/ Ronald E. Goldsberry Director March 16, 2002
------------------------ --------------
Ronald E. Goldsberry
/s/ Hugh O. Maclellan, Jr. Director April 5, 2002
-------------------------- -------------
Hugh O. Maclellan, Jr.
/s/ A. S. MacMillan, Jr. Director March 13, 2002
------------------------ --------------
A. S. MacMillan, Jr.
/s/ George J. Mitchell Director April 5, 2002
---------------------- -------------
George J. Mitchell
11
/s/ James L. Moody, Jr. Director April 5, 2002
----------------------- -------------
James L. Moody, Jr.
/s/ Cynthia A. Montgomery Director April 5, 2002
------------------------- -------------
Cynthia A. Montgomery
/s/ C. William Pollard Director March 15, 2002
---------------------- --------------
C. William Pollard
/s/ Lawrence R. Pugh Director April 5, 2002
-------------------- -------------
Lawrence R. Pugh
/s/ Lois D. Rice Director April 5, 2002
---------------- -------------
Lois D. Rice
/s/ John W. Rowe Director April 5, 2002
---------------- -------------
John W. Rowe
/s/ Burton E. Sorensen Director April 5, 2002
---------------------- -------------
Burton E. Sorensen
12
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the UnumProvident Corporation 401(k)
Retirement Plan constitutes and appoints F. Dean Copeland or Susan N. Roth as
its true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution to do any and all acts and things and execute,
for it and in its name, place and stead, in any and all capacities, to sign any
or all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto and all such other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, and each of them, 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 it might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents or any of them, or their substitutes, may
lawfully do or cause to be done by virtue hereof.
The 401(k) Plan. Pursuant to the requirements of the Securities Act of
1933, the trustees (or such other persons who administer the employee benefit
plan) have duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Portland, State of
Maine, on April 2, 2002.
UNUMPROVIDENT CORPORATION 401(K) RETIREMENT PLAN
By: /s/ Linda A. Levesque
---------------------------------------
Name: Linda A. Levesque
-------------------------------------
Title: Plan Administrator
13
EXHIBIT INDEX
TO
REGISTRATION STATEMENT ON FORM S-8
Exhibit Description
------- -----------
Number
------
5.1 Opinion of Alston & Bird LLP
23.1 Consent of Alston & Bird LLP (included in Exhibit 5.1)
23.2 Consent of Ernst & Young LLP
24.1 Powers of Attorney (included on signature pages of this
Registration Statement)
14