As filed with the Securities and Exchange Commission on July 25, 2003
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AVERY DENNISON CORPORATION
(Exact name of Registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation or organization) |
95-1492269 (I.R.S. Employer Identification No.) |
150 North Orange Grove Boulevard
Pasadena, California 91103
(626) 304-2000
(Address, including ZIP code, and telephone number, including area code of Registrant’s principal executive offices)
AVERY DENNISON CORPORATION
EMPLOYEE STOCK OPTION AND INCENTIVE PLAN, AMENDED AND RESTATED
Copies to:
| Robert G. van Schoonenberg, Esq. | ||
| Executive Vice President, | Thomas W. Dobson, Esq. | |
| General Counsel and Secretary | Latham & Watkins LLP | |
| Avery Dennison Corporation | 633 West Fifth Street | |
| 150 North Orange Grove Boulevard | Suite 4000 | |
| Pasadena, California 91103 | Los Angeles, California 90071 | |
| (626) 304-2000 | (213) 485-1234 | |
| (Name, address, including ZIP code, and telephone number, including area code, of agent for service) | ||
CALCULATION OF REGISTRATION FEE
| Title of Securities to be Registered |
Amount of Shares to be Registered |
Proposed Maximum Offering Price Per Share(1) |
Proposed Maximum Aggregate Offering Price |
Amount of Registration Fee | ||||
| Common Stock, $1.00 par value (including the Preferred Share Purchase Rights)(2) |
3,500,000 | $52.16 | $182,560,000 | $14,769.10 | ||||
| (1) | For purposes of computing the registration fee only. Pursuant to Rule 457(h), the Proposed Maximum Offering Price Per Share is based upon the average of the high and low prices for the Company’s Common Stock on the composite tape for the New York Stock Exchange on July 21, 2003. |
| (2) | The Rights are attached to and traded with the Common Stock of the Company. The value attributable to such Rights, if any, is reflected in the market price of the Common Stock. |
PART I
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.
PART II
Item 3. Incorporation of Documents by Reference
The following documents filed with the Commission by Avery Dennison Corporation, a Delaware corporation (the “Company” or the “Registrant”), are incorporated as of their respective dates in this Registration Statement by reference:
A. The Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2002;
B. All other reports filed by the Company pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934 since December 28, 2002; and
C. Description of the Company’s Common Stock and the Preferred Share Purchase Rights contained in the Company’s Registration Statement on Form S-3 filed with the Commission on February 13, 2003 (No. 333-103204).
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, 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, are incorporated by reference in this Registration Statement and are 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 or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities
The Common Stock is registered pursuant to Section 12 of the Securities Exchange Act of 1934, and, therefore, the description of securities is incorporated by reference pursuant to Item 3 herein.
Item 5. Interests of Named Experts and Counsel
Not applicable.
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Item 6. Indemnification of Directors and Officers
Section 145 of the General Corporation Law of Delaware (the “DGCL”) empowers Avery Dennison Corporation (“Avery Dennison”) to indemnify, subject to the standards set forth therein, any person who is a party to any action in connection with any action, suit or proceeding brought or threatened by reason of the fact that the person was a director, officer, employee or agent of Avery Dennison, or is or was serving as such with respect to another entity at the request of Avery Dennison. The DGCL also provides that Avery Dennison may purchase insurance on behalf of any such director, officer, employee or agent. Article VI of our Bylaws provides that Avery Dennison will indemnify any person to whom, and to the fullest extent, indemnification may be required or permitted under Section 145 of the DGCL. We maintain insurance covering certain liabilities of our directors and officers. We have also entered into contractual arrangements with our directors and officers pursuant to which such persons may be entitled to indemnity from us against certain liabilities arising from the discharge of their duties in such capacities.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
| 4.1 | Avery Dennison Corporation Employee Stock Option and Incentive Plan, amended and restated (incorporated by reference to Exhibit 10.19.6 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2002). | |
| 5.1 | Opinion of Latham & Watkins LLP. | |
| 23.1 | Consent of PricewaterhouseCoopers LLP. | |
| 23.2 | Consent of Latham & Watkins LLP (included in Exhibit 5.1). | |
| 24 | Power of Attorney (included on page S-1). | |
Item 9. Undertakings
(a) The 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 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;
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(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) shall not apply to information contained in periodic reports filed with or furnished to the Commission by the Registrant 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 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 Registrant hereby undertakes 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 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 herein, 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 Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 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 of 1933 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 Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pasadena, State of California, on this 25th day of July, 2003.
| AVERY DENNISON CORPORATION | ||
| By: |
/s/ DANIEL R. O’BRYANT | |
| Daniel R. O’Bryant Senior Vice President, Finance and Chief Financial Officer | ||
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 dates indicated. Each person whose signature appears below hereby authorizes Philip M. Neal, Dean A. Scarborough, Daniel R. O’Bryant and Michael A. Skovran, or any of them, as attorney-in-fact, with full power of substitution, to sign on his or her behalf, individually and in such capacity stated below, and to file any amendments, including post-effective amendments or supplements, to this Registration Statement.
| Signature |
Title |
Date | ||
| /s/ PHILIP M. NEAL Philip M. Neal |
Chairman of the Board and Chief Executive Officer |
July 25, 2003 | ||
| /s/ DEAN A. SCARBOROUGH Dean A. Scarborough |
President and Chief Operating Officer, Director |
July 25, 2003 | ||
| /s/ DANIEL R. O’BRYANT Daniel R. O’Bryant |
Senior Vice President, Finance and Chief Financial Officer (Principal Financial Officer) |
July 25, 2003 | ||
| /s/ MICHAEL A. SKOVRAN Michael A. Skovran |
Vice President and Controller (Principal Accounting Officer) |
July 25, 2003 | ||
S-1
| /s/ PETER K. BARKER Peter K. Barker |
Director |
July 25, 2003 | ||
| /s/ FRANK V. CAHOUET Frank V. Cahouet |
Director |
July 25, 2003 | ||
| /s/ RICHARD M. FERRY Richard M. Ferry |
Director |
July 25, 2003 | ||
| /s/ BRUCE E. KARATZ Bruce E. Karatz |
Director |
July 25, 2003 | ||
| /s/ KENT KRESA Kent Kresa |
Director |
July 25, 2003 | ||
| /s/ CHARLES D. MILLER Charles D. Miller |
Director |
July 25, 2003 | ||
| /s/ PETER W. MULLIN Peter W. Mullin |
Director |
July 25, 2003 | ||
| /s/ DAVID E. I. PYOTT David E. I. Pyott |
Director |
July 25, 2003 | ||
| /s/ JULIA A. STEWART Julia A. Stewart |
Director |
July 25, 2003 | ||
S-2
INDEX TO EXHIBITS
| Exhibit |
Description | |
| 4.1 | Avery Dennison Corporation Employee Stock Option and Incentive Plan, amended and restated (incorporated by reference to Exhibit 10.19.6 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2002). | |
| 5.1 | Opinion of Latham & Watkins LLP. | |
| 23.1 | Consent of PricewaterhouseCoopers LLP. | |
| 23.2 | Consent of Latham & Watkins LLP (included in Exhibit 5.1). | |
| 24 | Power of Attorney (included on page S-1). | |