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THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING
SUBMITTED PURSUANT TO RULE 901(D) OF REGULATION S-T.
As filed with the Securities and Exchange Commission on January 29, 1996
Registration No. _______
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
--------------------------
CARTER-WALLACE, INC.
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(Exact name of registrant as specified in its charter)
Delaware 13-498653
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1345 Avenue of the Americas
New York, New York 10105
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(Address of Principal (Zip Code)
Executive Offices)
Carter-Wallace, Inc. 1996 Long-Term Incentive Plan
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(Full title of the plan)
Corporation Trust Center
1209 Orange Street
Wilmington, Delaware 19801
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(Name and address of agent for service)
(302) 658-7581
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(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
================================================================================
Proposed Proposed Amount
Title of maximum maximum of
securities Amount offering aggregate regis-
to be to be price per offering tration
registered registered share(1) price(1) fee
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Common Stock,
par value $1.00 4,500,000 shs. $12.4375 $55,968,750 $19,299.57
per share
================================================================================
(1) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457 of the Securities Act of 1933, as amended, and
based on the average of the high and low prices on the New York Stock
Exchange on January 24, 1996.
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PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated in this registration statement
(the "Registration Statement") by reference:
(a) The Annual Report of Carter-Wallace, Inc. (the "Company") on Form
10-K for the annual period ended March 31, 1995;
(b) (i) The Quarterly Report of the Company on Form 10-Q for the
quarterly period ended June 30, 1995; and
(ii) The Quarterly Report of the Company on Form 10-Q for the
quarterly period ended September 30, 1995.
(c) The description of the Company's common stock contained in the
Company's registration statement under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), with respect to that stock filed with the
Commission, including any amendments or reports filed for the purpose of
updating that description.
All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c) and 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 a part of the
Registration Statement from the date of filing of such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Company is incorporated under the laws of Delaware. Section 145 of
the Delaware General Corporation Law generally provides that the Company is
empowered to indemnify against expenses (including attorneys' fees), judgments,
fines and amounts paid in settlement in connection with specified actions, suits
or proceedings, any person who is made a party to any threatened, pending or
completed action, suit or proceeding by reason of the fact
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that he is or was a director, officer, employee or agent of the Company or is or
was serving, at the request of the Company, in any of such capacities of another
corporation or other enterprise, if such director, officer, employee or agent
acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe his conduct was
unlawful. A similar standard is applicable in the case of derivative actions,
except that indemnification only extends to expenses (including attorneys' fees)
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 adjudged to be liable to the
Company. The statute provides that it is not exclusive of other indemnification
that may be granted by the Company's by-laws, disinterested directors' vote,
stockholder vote, agreement or otherwise.
Article SIXTH of the By-Laws of the Company provides, in pertinent
part, as follows:
Indemnification. (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 he 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 him in connection with such action,
suit or proceeding if he acted in good faith and in a manner he
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 no reasonable cause to believe his 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 he 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 his conduct was unlawful.
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(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 he 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 him in connection with the defense
or settlement of such action or suit if he acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best
interest of the Corporation and except that no indemnification shall be
made in respect to 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 of Delaware 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 of
Delaware or such other court shall deem proper.
(c) To the extent that a director, officer, employee or agent of the
Corporation has been successful on the merits or otherwise in defense
of any action, suit or proceeding referred to in Sections 6.1(a) or
6.1(b), or in defense of any claim, issue or matter therein, he shall
be indemnified against expenses (including attorneys' fees) actually
and reasonably incurred by him in connection therewith.
(d) Any indemnification under these Sections 6.1(a) or 6.1(b) (unless
ordered by the Court), shall be made by the Corporation only as
authorized in the specific case upon a determination that
indemnification of the director, officer, employee or agent is proper
in the circumstances because he has met the applicable standards of
conduct set forth in Sections 6.1(a) and 6.1(b). Such determination
shall be made (1) by the Board of Directors by a majority vote of a
quorum consisting of directors who were not parties to such action,
suit or proceeding, or (2) if such quorum is not
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obtainable, or, even if obtainable a quorum of disinterested directors
so directs, by independent legal counsel in a written opinion, or (3)
by the stockholders.
(e) Expenses incurred in defending a civil or criminal action, suit or
proceeding may be paid by the Corporation in advance of the final
disposition of such action, suit or proceeding upon the receipt of an
undertaking by or on behalf of the director, officer, employee or agent
to repay such amount if it shall ultimately be determined that he is
not entitled to be indemnified by the Corporation as authorized by this
Section 6.1.
(f) The indemnification and advancement of expenses provided by or
granted pursuant to the provisions of this Section 6.1 shall not be
deemed exclusive of any other rights to which those seeking
indemnification or advancement of expenses may be entitled under any
by-law, agreement, vote of stockholders or disinterested directors or
otherwise, both as to action in his official capacity and as to action
in another capacity while holding such office.
(g) The indemnification and advancement of expenses provided by, or
granted pursuant to, this Section 6.1 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 person.
Section 6.2. Indemnification Insurance. The Corporation shall have
power to 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 liability asserted
against him and incurred by him in any such capacity, or arising out of
his status as such, whether or not the Corporation would have the power
to indemnify him against such liability under applicable law.
As permitted by Sections 102 and 145 of the Delaware General
Corporation Law, the Company's amended Certificate of Incorporation eliminates a
director's
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liability to the Company or its stockholders for monetary damages for breach of
fiduciary duty as a director, except to the extent that the Delaware General
Corporation Law does not permit such liability to be eliminated or limited.
The Company has insurance to indemnify its directors and officers
against liabilities incurred as a result of serving in such capacity.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
Exhibit
Number Exhibit
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4(a) Certificate of Incorporation,
as amended, of the Company.
Incorporated herein by
reference to Exhibit 3.1 of
the Company's Annual Report on
Form 10-K for the fiscal year
ended March 31, 1992.
(b) By-laws of the Company, as
amended. Incorporated
herein by reference to
Exhibit 3.2 of the
Company's Annual Report on
Form 10-K for the fiscal
year ended March 31, 1993.
(c) Carter-Wallace, Inc. 1996
Long-Term Incentive Plan.
5 Opinion of Whitman Breed
Abbott & Morgan re: legality,
including consent of such
counsel.
23(a) Consent of KPMG Peat Marwick
LLP.
(b) The consent of Whitman
Breed Abbott & Morgan is
contained in the opinion
filed as Exhibit 5 to this
Registration Statement.
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ITEM 9. UNDERTAKINGS.
(a) The 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, as amended (the "Securities Act");
(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 hereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth 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) 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 15(d) of the Exchange Act that are incorporated by reference in
this 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 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) The Company hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company's
annual report pursuant to Section 13(a) or 15(d) of the Exchange Act 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.
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(c) Insofar as indemnification for liabilities arising under
the Securities Act may be permitted to directors, officers and persons
controlling the Company pursuant to the foregoing provisions, or otherwise, the
Company 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 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 Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
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 on Form S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on this 18th day of
January, 1996.
CARTER-WALLACE, INC.
By:/s/ Henry H. Hoyt, Jr.
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Chairman of the Board and
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Daniel J. Black, Ralph Levine and
Paul A. Veteri, and each of them, his true and lawful attorneys-in-fact and
agents with full power 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 on Form
S-8, and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
such attorneys-in-fact and agents 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 they 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 on Form S-8 has been
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signed below by the following persons in the capacities indicated on this 18th
day of January, 1996.
Name Title
---- -----
/s/ Henry H. Hoyt, Jr. Chairman of the Board, Chief
- ---------------------- Executive Officer and Director
Henry H. Hoyt, Jr.
/s/ Daniel J. Black Chief Operating Officer and
- ---------------------- Director
Daniel J. Black
/s/ Ralph Levine Vice President, Secretary,
- ---------------------- General Counsel and Director
Ralph Levine
/s/ Paul A. Veteri Vice President, Finance, Chief
- ---------------------- Financial Officer and Director
Paul A. Veteri
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EXHIBIT INDEX
Sequentially
Exhibit
Numbered
Number Exhibit
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4(a) Certificate of Incorporation,
as amended, of the Company.
Incorporated herein by
reference to Exhibit 3.1 of
the Company's Annual Report on
Form 10-K for the fiscal year
ended March 31, 1992.
(b) By-laws of the Company,
as amended. Incorporated
herein by reference to Exhibit
3.2 of the Company's Annual
Report on Form 10-K for the
fiscal year ended March 31,
1993.
(c) Carter-Wallace, Inc. Long-Term
Incentive Plan.
5 Opinion of Whitman Breed Abbott &
Morgan re: legality, including
consent of such counsel.
23(a) Consent of KPMG Peat Marwick LLP.
(b) The consent of Whitman Breed
Abbott & Morgan is contained in
the opinion filed as Exhibit 5
to this Registration Statement.
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