S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans
Published on April 29, 2005
As filed with the Securities and Exchange Commission on April 29, 2005
Registration No. 333-
The Prospectus forming a part of this Registration Statement is a combined Prospectus under Rule 429 of the General Rules and Regulations under the Securities Act of 1933 and relates to this Registration Statement, and Registration Statement No. 33-21506 on Form S-8 relating to Ball Corporations 1988 Stock Option and Stock Appreciation Rights Plan, the 1993 Stock Option Plan and to Registration No. 333-26361 on Form S-8 relating to Ball Corporations 1997 Stock Incentive Plan.
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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
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BALL CORPORATION
(Exact name of issuer as specified in its charter)
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Indiana |
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35-0160610 |
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(State or other jurisdiction of |
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(I.R.S. Employer |
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incorporation or organization) |
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Identification No.) |
10 Longs Peak Drive, Broomfield, Colorado 80021-2510
(Address of Principal Executive Offices)
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1988 STOCK OPTION AND STOCK APPRECIATION RIGHTS PLAN
1993 STOCK OPTION PLAN
1997 STOCK INCENTIVE PLAN
2005 STOCK AND CASH INCENTIVE PLAN
(Full Title of the Plan)
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CT Corporation System, 1675 Broadway, Suite 1200, Denver, Colorado 80202
(Name and address of agent for service)
Telephone number, including area code, of agent for service (303) 629-2500
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CALCULATION OF REGISTRATION FEE
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Title of Each Class of |
Amount to be |
Proposed Maximum |
Proposed Maximum |
Amount |
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Common Stock |
8,000,000 shares |
$39.435 |
$315,480,000 |
$37,132 |
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(*) |
Each share of Ball Corporation Common Stock includes a right (Ball Right) to purchase Series A Junior Participating Preferred Stock of Ball or, under certain circumstances, Ball Common Stock, cash, property or other securities of Ball. |
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(**) |
Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) and (h) under the Securities Act of 1933 based upon the average of high and low reported sales prices of the Registrants Common Stock, without par value, as reported by the New York Stock Exchange Composite Transactions Tape on April 27, 2005. | |
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(***) |
The registration fee has been calculated pursuant to Section 6(b) of the Securities Act. |
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1 Includes deferred compensation obligations (units) (each unit equivalent to one share of Ball Common Stock) which are unsecured obligations of Ball Corporation to pay deferred compensation in the future in accordance with the terms of the 2005 Stock and Cash Incentive Plan.
EXPLANATORY NOTE
This Registration Statement registers 8,000,000 shares of common stock, no par value (the Common Stock) of Ball Corporation (the Company) that may be issued and sold under the Companys 2005 Stock and Cash Incentive Plan (the Plan).
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information*
Not required to be filed with this Registration Statement.
Item 2. Registrant Information and Employee Plan Annual Information*
Not required to be filed with this Registration Statement.
*The information specified in Part I of Form S-8 will be sent or given to employees 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 SEC) either as part of this Registration Statement or as Prospectuses or Prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, 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 Documents by Reference
Ball Corporation (the Registrant, Company or Corporation) hereby incorporates the following documents herein by reference:
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(a) |
The Annual Report on Form 10-K of the Registrant for the year ended December 31, 2004; |
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(b) |
All reports of the Registrant filed pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 (the Securities Exchange Act) since December 31, 2004. |
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(c) |
The Companys Notice of the 2005 Annual Meeting of Shareholders and Proxy Statement dated March 21, 2005, issued in connection with the Annual Meeting of Shareholders on April 27, 2005. |
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(d) |
The description of the Companys Common Stock contained in the Companys Form 8-A Registration Statement dated August 1, 1996 and filed August 2, 1996, including any amendment or report filed for the purpose of updating such description. |
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(e) |
The Rights Agreement dated as of July 24, 1996, between the Company and The First Chicago Trust Company of New York (filed by incorporation by reference to the Form 8-A Registration Statement, No. 1-7349 dated August 1, 1996, and filed August 2, 1996). |
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(f) |
The Companys Reports on Form 8-K dated January 29, 2004; April 24, 2004; July 29, 2004; October 28, 2004; and January 24, 2005. |
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(g) |
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities 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 herein and to be a part hereof from the date of filing 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 purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modified 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
Robert W. McClelland, Associate General Counsel, Ball Corporation, whose legal opinion is attached hereto as Exhibit 5, has received options pursuant to the stock option plans and continues to be eligible to receive options under the 2005 Stock and Cash Incentive Plan.
Item 6. Indemnification of Directors and Officers
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Section 23-1-37-8 of the Indiana Business Corporation Law provides as follows: |
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(a) |
A corporation may indemnify an individual made a party to a proceeding because the individual is or was a director against liability incurred in the proceeding if: |
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(1) |
The individuals conduct was in good faith; and |
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(2) |
The individual believed: |
(A) In the case of conduct in the individuals official capacity with the corporation, that the individuals conduct was in its best interests; and
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(B) In all other cases, that the individuals conduct was at least not opposed to its best interests; and
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(3) |
In the case of any criminal proceeding, the individual either: |
(A) Had reasonable cause to believe the individuals conduct was lawful; or
(B) Had no reasonable cause to believe the individuals conduct was unlawful.
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(b) |
A directors conduct with respect to an employee benefit plan for a purpose the director reasonably believed to be in the interests of the participants and beneficiaries of the plan is conduct that satisfies the requirement of subsection (a)(2)(B). |
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(c) |
The termination of a proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent is not, of itself, determinative that the director did not meet the standard of conduct described in this section. |
Section B of Article XII of the Companys Amended Articles of Incorporation provides as follows:
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Indemnification of directors, officers and employees shall be as follows: |
1. The Corporation shall indemnify each person who is or was a director, officer or employee of the Corporation, or of any other corporation, partnership, joint venture, trust or other enterprise which he is serving or served in any capacity at the request of the Corporation, against any and all liability and reasonable expense that may be incurred by him in connection with or resulting from any claim, actions, suit or proceeding (whether actual or threatened, brought by or in the right of the Corporation or such other corporation, partnership, joint venture, trust or other enterprise, or otherwise, civil, criminal, administrative, investigative, or in connection with an appeal relating thereto), in which he may become involved, as a party or otherwise, by reason of his being or having been a director, officer or employee of the Corporation or of such other corporation, partnership, joint venture, trust or other enterprise or by reason of any past or future action taken or not taken in his capacity as such director, officer or employee, whether or not he continues to be such at the time such liability or expense is incurred, provided that such person acted in good faith and in a manner he reasonably believed to be in the best interests of the Corporation or such other corporation, partnership, joint venture, trust or other enterprise, as the case may be, and, in addition, in any criminal action or proceedings, had no reasonable cause to believe that his conduct was unlawful. Notwithstanding the foregoing, there shall be no indemnification (a) as to amounts paid or payable to the Corporation or such other corporation, partnership, joint venture, trust or other enterprise, as the case may be, for or based upon the director, officer or employee having gained in fact any personal profit or advantage to which he was not legally entitled; (b) as to amounts paid or payable to the Corporation for an accounting of profits in fact made from the purchase or sale of securities of the Corporation within the meaning of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law; or (c) with respect to matters as to which indemnification would be in contravention of the laws of the State of Indiana or of the United States of America, whether as a matter of public policy or pursuant to statutory provisions.
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2. Any such director, officer or employee who has been wholly successful, on the merits or otherwise, with respect to any claim, action, suit or proceeding of the character described herein shall be entitled to indemnification as of right, except to the extent he has otherwise been indemnified. Except as provided in the preceding sentence, any indemnification hereunder shall be granted by the Corporation, but only if (a) the Board of Directors, acting by a quorum consisting of directors who are not parties to or who have been wholly successful with respect to such claim, action, suit or proceeding, shall find that the director, officer or employee has met the applicable standards of conduct set forth in paragraph 1 of this Section B of Article XII; or (b) outside legal counsel engaged by the Corporation (who may be regular counsel of the Corporation) shall deliver to the corporation its written opinion that such director, officer or employee has met such applicable standards of conduct; or (c) a court of competent jurisdiction has determined that such director, officer or employee has met such standards, in an action brought either by the Corporation, or by the director, officer or employee seeking indemnification, applying de novo such applicable standards of conduct. The termination of any claim, action, suit or proceeding, civil or criminal, by judgment, settlement (whether with or without court approval) or conviction or upon a plea of guilty or of nolo contendere, or its equivalent, shall not create a presumption that a director, officer or employee did not meet the applicable standards of conduct set forth in paragraph 1 of this Section B of Article XII.
3. As used in this Section B of Article XII, the term liability shall mean amounts paid in settlement or in satisfaction of judgments or fines or penalties, and the term expense shall include, but shall not be limited to, attorneys fees and disbursements, incurred in connection with the claim, action, suit or proceeding. The Corporation may advance expenses to, or where appropriate may at its option and expense undertake the defense of, any such director, officer or employee upon receipt of an undertaking by or on behalf of such person to repay such expenses if it should ultimately be determined that the person is not entitled to indemnification under this Section B of Article XII.
4. The provisions of this Section B of Article XII shall be applicable to claims, actions, suits or proceedings made or commenced after the adoption hereof, whether arising from acts or omissions to act occurring before or after the adoption hereof. If several claims, issues or matters of action are involved, any such director, officer or employee may be entitled to indemnification as to some matters even though he is not so entitled as to others. The rights of indemnification provided hereunder shall be in addition to any rights to which any director, officer or employee concerned may otherwise be entitled by contract or as a matter of law, and shall inure to the benefit of the heirs, executors and administrators of any such director, officer or employee.
In addition, the Company has purchased and maintains insurance, as permitted by Indiana law, on behalf of its directors and officers against certain losses that may arise out of their employment and which are recoverable under the indemnification provisions of Ball Corporations Amended Articles of Incorporation.
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Item 7. |
Exemption from Registration Claimed |
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Not applicable. |
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Item 8. |
Exhibits |
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3.1 |
Amended Articles of Incorporation of the Registrant (filed as an Exhibit to Registrants Amended Report on Form 10-K dated February 23, 2005, and incorporated herein by reference). |
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3.2 |
Bylaws of Registrant, as amended (filed as an Exhibit to Registrants Annual Report on Form 10-K dated February 23, 2005, and incorporated herein by reference). |
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4.1 |
2005 Stock and Cash Incentive Plan |
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4.2 |
The Rights Agreement dated as of July 24, 1996, between the Company and The First Chicago Trust Company of New York (filed by incorporation by reference to the Form 8-A Registration Statement, No. 1-7349 dated August 1, 1996, and filed August 2, 1996). |
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5. |
Opinion of Robert W. McClelland as to the legality of the securities being registered. |
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23.1 |
Consent of Robert W. McClelland (included in the opinion filed as Exhibit 5.). |
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23.2 |
Consent of PricewaterhouseCoopers LLP |
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24. |
Limited Power of Attorney |
Item 9. Undertakings.
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(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. 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 SEC pursuant to Rule 424(b) of the Securities Act 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 (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement is on Form S-3 or Form S-8, 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 SEC by the Registrant pursuant to
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Section 13 or 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 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 undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrants Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act (and, where applicable, each filing of an employee benefit plans Annual Report pursuant to Section 15(d) of the Securities 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 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 SEC 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.
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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 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on the 29th day of April 2005.
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BALL CORPORATION (Registrant)
By: /s/ R. David Hoover R. David Hoover Chairman, President and Chief Executive Officer April 29, 2005 |
Pursuant to the requirements of the Securities Act of 1933, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
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(1) Principal Executive Officer: |
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/s/ R. David Hoover |
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Chairman, President and Chief Executive Officer |
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R. David Hoover |
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April 29, 2005 |
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(2) Principal Financial Officer: |
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/s/ Raymond J. Seabrook |
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Senior Vice President and Chief Financial Officer |
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Raymond J. Seabrook |
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April 29, 2005 |
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(3) Principal Accounting Officer: |
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/s/ Douglas K. Bradford |
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Vice President and Controller |
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Douglas K. Bradford |
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April 29, 2005 |
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(4) A Majority of the Board of Directors: |
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/s/ Howard M. Dean |
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Director |
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Howard M. Dean |
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April 29, 2005 |
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/s/ Hanno C. Fiedler |
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Director |
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Hanno C. Fiedler |
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April 29, 2005 |
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/s/ R. David Hoover |
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Chairman of the Board and Director |
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R. David Hoover |
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April 29, 2005 |
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/s/ John F. Lehman |
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Director |
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John F. Lehman |
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April 29, 2005 |
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/s/ Jan Nicholson |
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Director |
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Jan Nicholson |
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April 29, 2005 |
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/s/ George A. Sissel |
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Director |
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George A. Sissel |
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April 29, 2005 |
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/s/ George M. Smart |
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Director |
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George M. Smart |
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April 29, 2005 |
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/s/ Theodore M. Solso |
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Director |
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Theodore M. Solso |
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April 29, 2005 |
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/s/ Stuart A. Taylor II |
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Director |
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Stuart A. Taylor II |
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April 29, 2005 |
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/s/ Erik H. van der Kaay |
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Director |
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Erik H. van der Kaay |
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April 29, 2005 |
*By R. David Hoover as Attorney-in-Fact pursuant to a Limited Power of Attorney executed by the directors listed above, which Power of Attorney has been filed with the Securities and Exchange Commission.
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By: /s/ R. David Hoover R. David Hoover As Attorney-in-Fact April 29, 2005 |
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Exhibit
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Number |
Description |
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3.1 |
Amended Articles of Incorporation of the Registrant (filed as an Exhibit to Registrants Current Report on Form 10-K dated February 23, 2005, and incorporated herein by reference). |
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3.2 |
Bylaws of Registrant, as amended (filed as an Exhibit to Registrants Annual Report on Form 8-K dated February 23, 2005, and incorporated herein by reference) |
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4.1 |
2005 Stock and Cash Incentive Plan. |
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4.2 |
The Rights Agreement dated as of July 24, 1996, between the Company and The First Chicago Trust Company of New York (filed by incorporation by reference to the Form 8-A Registration Statement, No. 1-7349 dated August 1, 1996, and filed August 2, 1996). |
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5. |
Opinion of Robert W. McClelland as to the legality of the securities being registered. |
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23.1 |
Consent of Robert W. McClelland (included in the opinion filed as Exhibit 5.). |
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23.2 |
Consent of PricewaterhouseCoopers LLP. |
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24. |
Limited Power of Attorney |
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