<PAGE> 1
As filed with the Securities and Exchange Commission on November 9, 1995
Registration No. 33-60569
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
---------------------
V.F. CORPORATION
(Exact name of issuer as specified in its charter)
<TABLE>
<S> <C>
Pennsylvania 23-1180120
- --------------------------------------------------------------------------------------------------------------------------------
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
</TABLE>
<TABLE>
<S> <C>
1047 North Park Road, Wyomissing, Reading, Pennsylvania 19610
- -------------------------------------------------------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
</TABLE>
VF Corporation 1991 Stock Option Plan
- --------------------------------------------------------------------------------
(Full title of the plan)
Lori M. Tarnoski, Vice President/Secretary
VF Corporation, PO Box 1022, Reading, Pennsylvania 19603
- --------------------------------------------------------------------------------
(Name and Address of Agent for Service)
(610) 378-1151
- --------------------------------------------------------------------------------
(Telephone number, including area code of agent for service)
Copies to:
Aloysius T. Lawn, IV, Esquire
Clark, Ladner, Fortenbaugh & Young
One Commerce Square
2005 Market Street - 22nd Floor
Philadelphia, Pennsylvania 19103
(215) 241-1825
If the only securities being registered on this form are being offered pursuant
to dividend or reinvestment plans, please check the following box. [ ]
<PAGE> 2
If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or
interest reinvestment plans, check the following box. [ X ]
Prospectus Relating to Three Regulation Statements: As authorized by
Rule 429 under the Securities Act of 1933, as amended, this Registration
Statement constitutes Post-Effective Amendment No. 1, Post-Effective Amendment
No. 3 and Post-Effective Amendment No. 7 to V.F. Corporation's Registration
Statements on Form S-8 and Form S-8/S-3 (Nos. 33-60569, 2-26566 and 2-85579,
respectively) relating to shares of Common Stock of VF Corporation reserved for
issuance upon exercise of stock options heretofore granted pursuant to the V.F.
Corporation 1991 and 1982 Stock Option Plans.
(ii)
<PAGE> 3
PROSPECTUS
V.F. CORPORATION
1047 North Park Road
Wyomissing, Pennsylvania 19610
1,022,200 Shares
COMMON STOCK
(Without Par Value - Stated
Capital $1.00 Per Share)
-------------------------------------------------
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED
UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
-------------------------------------------------
This Prospectus is being used in connection with the offering from
time to time by certain shareholders ("Selling Shareholders") of V.F.
Corporation ("VF"), or their successors in interest of shares of the Common
Stock of VF which have been or may be acquired upon the exercise of stock
options pursuant to the 1982 Stock Option Plan and 1991 Stock Option Plan
(collectively the "Plans").
The Common Stock may be sold from time to time by the Selling
Shareholders or by pledgees, donees, transferees or other successors in
interest. Such sales may be made on the New York Stock Exchange, The Pacific
Stock Exchange, in the over-the-counter market or otherwise at prices and at
terms then prevailing or at prices related to the then current market price, or
in negotiated transactions. The Common Stock may be sold by one or more of the
following: (a) a block trade in which the broker or dealer so engaged will
attempt to sell the shares as agent but may position and resell a portion of
the block as principal to facilitate the transaction; (b) purchases by a broker
or dealer for its account pursuant to this Prospectus; (c) an exchange
distribution in accordance with the rules of such exchange; and (d) ordinary
brokerage transactions and transactions in which the broker solicits purchases.
In effecting sales, brokers or dealers engaged by the Selling Shareholders may
arrange for other brokers or dealers to participate. Brokers or dealers will
receive commissions or discounts from Selling Shareholders in amounts to be
negotiated immediately prior to the sale. Such brokers or dealers and any
other participating brokers or dealers may be deemed to be "underwriters"
within the meeting of the Securities Act of 1933, as amended (the "Act") in
connection with such sales. In addition, any securities covered by this
Prospectus which qualify for sale pursuant to Rule 144 may be sold under Rule
144 rather than
<PAGE> 4
pursuant to this Prospectus. VF will not receive any of the
proceeds from the sale of these shares, although it has paid the expenses of
preparing this Prospectus and the related Registration Statement.
The closing price of VF's Common Stock on the New York Stock
Exchange on November 6, 1995 was $48.375. The closing price of VF's Common
Stock on the Pacific Stock Exchange on November 6, 1995 was $48.375.
----------------------------------------------
No person is authorized to give any information or to make any
representations, other than as contained herein, in connection with the offer
made in this Prospectus, and any information or representation not contained
herein must not be relied upon as having been authorized by VF.
----------------------------------------------
The date of this Prospectus is November 9, 1995.
2
<PAGE> 5
AVAILABLE INFORMATION
VF is subject to the informational requirements of the Securities
Exchange Act of 1934 (the "1934 Act"), and in accordance therewith files
reports, proxy statements and other information with the Securities and
Exchange Commission (the "Commission"). Reports, proxy statements and other
information filed by VF with the Commission may be inspected and copied at the
public reference facilities maintained by the Commission at Room 1024,
Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549, and at the
Commission's Regional Offices at: 75 Park Place, 14th Floor, New York, New York
10007 and Northwest Atrium Center, 500 West Madison Street, Suite 1400,
Chicago, Illinois 60661. Copies of such material may be obtained upon written
request addressed to the Commission at the Public Reference Section, at 450
Fifth Street, N.W., Washington, D.C. 20549, at prescribed rates. In addition,
the Common Stock is listed on the New York and Pacific Stock Exchanges and
reports, proxy statements and other information concerning VF may also be
inspected at the offices of New York Stock Exchange, Inc., 20 Broad Street, New
York, New York 10005 and The Pacific Stock Exchange, Inc., 115 Sansone Street,
8th Floor, San Francisco, California 94104.
In addition, VF will provide without charge to each person to whom
this Prospectus is delivered, upon either the written or oral request of such
person, the Annual Report to Shareholders for VF's latest fiscal year and a
copy of any or all of the documents incorporated herein by reference other than
exhibits to such documents. See "INCORPORATION OF DOCUMENTS BY REFERENCE".
Such requests should be directed to L.M. Tarnoski, Vice President/Secretary,
V.F. Corporation, P.O. Box 1022, Reading, Pennsylvania 19603; or (610)
378-1151.
INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents previously filed with the Commission are
incorporated herein by reference:
(a) VF's Annual Report on Form 10-K for the fiscal year ended
December 31, 1994 ("Form 10-K");
(b) VF's Quarterly Report on Form 10-Q for the quarterly period
ended April 1, 1995;
(c) VF's Quarterly Report on Form 10-Q for the quarterly period
ended July 1, 1995;
(d) VF's Current Report on Form 8-K, dated June 9, 1995;
(e) VF's Current Report on Form 8-K, dated July 17, 1995;
(f) VF's definitive Proxy Statement dated March 17, 1995, for the
Annual Meeting of Shareholders held April 18, 1995;
(g) VF's Amendment to the Annual Report on Form 10-K/A for the
fiscal year ended December 31, 1994 ("Form 10-K/A"); and
3
<PAGE> 6
(h) VF's Registration Statement on Form 8-A dated April 27, 1965
filed pursuant to Section 12(g) of the 1934 Act and VF's Registration
Statements on Form 8-A dated May 8, 1987 and January 25, 1988 filed pursuant to
Section 12(b) of the 1934 Act, which contain descriptions of the Common Stock
and certain rights relating to the Common Stock, including any amendment or
reports filed for the purpose of updating such descriptions.
In addition to the foregoing, all documents subsequently filed by VF
pursuant to Section 13(a), 13(c), 14 and 15(d) of the Act (prior to the filing
of a post-effective amendment which indicates that all securities offered
hereby have been sold or which deregisters all securities remaining unsold),
shall be deemed to be incorporated by reference herein and to be a part hereof
from the date of the filing of such reports and documents.
SELLING SHAREHOLDERS
The following table sets forth the name of each Selling Shareholder,
the nature of his position, office, or other material relationship to VF or its
subsidiaries and the number of shares of Common Stock which each Selling
Shareholder (1) owned as of September 5, 1995; (2) may acquire pursuant to the
exercise of a previously granted option or options which hereafter may be
granted under the Plans, all of which shares may be sold pursuant to this
Prospectus; and (3) the amount of Common Stock to be owned by each Selling
Shareholder assuming the grant of the maximum number of shares issuable under
the Plans, the exercise of all options granted under the Plans and the sale of
all shares acquired upon exercise of such options. Except for Messrs. Pike and
Sharp, who as co-trustees under certain Deeds of Trust dated August 21, 1951
and under the Will of John E. Barbey, deceased, beneficially own 11,461,644
shares of Common Stock (representing 17.9% of the outstanding Common Stock),
none of the listed individuals owns 1% or more of the outstanding Common
Stock.
4
<PAGE> 7
<TABLE>
<CAPTION>
Amount of
Expected to Acquire Common Stock to
Name and Relationship Owned Pursuant to the Plan be Owned After
to VF Corporation as of 9/5/95 and Offered Pursuant Hereto Exercise and Sale
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Lawrence R. Pugh, 20,583(1) 466,800 20,583
Chairman of the Board
and Chief Executive Officer
Robert D. Buzzell, 800 5,700 800
Director
Edward E. Crutchfield, Jr., 1,500 5,700 1,500
Director
Ursula F. Fairbairn, 510 1,800 510
Director
Barbara S. Feigin, 1,900(2) 5,700 1,900
Director
Roger S. Hillas, 3,538 5,700 3,538
Director
Leon C. Holt, Jr., 4,500(3) 5,700 4,500
Director
Robert J. Hurst 1,400 1,800 1,400
Director
Robert F. Longbine, 3,500 5,700 3,500
Director
Mackey J. McDonald, 14,588(4) 188,000 14,588
President and Director
William E. Pike, 2,600 7,200 2,600
Director
M. Rust Sharp, 1,000 7,200 1,000
Director
L. Dudley Walker, 27,500(5) 5,700 27,500
Director
Harold E. Addis 2,000 44,500 2,000
Vice President - Human
Resources and Administration
Gerard G. Johnson 10,000 83,000 10,000
Vice President - Finance and
Chief Financial Officer
Daniel G. MacFarlan 1,731 26,500 1,731
Vice President and Chairman -
Decorated Knitwear Coalition
</TABLE>
5
<PAGE> 8
<TABLE>
<CAPTION>
Amount of
Expected to Acquire Common Stock to
Name and Relationship Owned Pursuant to the Plan be Owned After
to VF Corporation as of 9/5/95 and Offered Pursuant Hereto Exercise and Sales
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Frank C. Pickard III 417 30,900 417
Vice President - Treasurer
John P. Schamberger 7,543 46,000 7,543
Vice President and Chairman -
Jeanswear Coalition
Robert K. Shearer 2,056 35,600 2,056
Vice President - Controller
Lori M. Tarnoski 11,240(6) 27,500 11,240
Vice President - Secretary
J. Thomson Wyatt 855 15,500 855
Chairman - Intimate Apparel
Coalition
</TABLE>
(1) Includes 40 shares held by his wife.
(2) Includes 200 shares held as custodian for her children.
(3) Includes 2,000 shares held by the Holt Family Foundation.
(4) Includes 5,000 shares held by his wife and 5,065 shares of Restricted Stock.
(5) Includes 8,000 shares held by his wife.
(6) Includes 2,690 shares held by her husband.
LEGAL MATTERS
Legal matters with respect to Common Stock being offered hereby have
been passed upon for VF by Clark, Ladner, Fortenbaugh & Young, Philadelphia,
Pennsylvania. M. Rust Sharp, a partner in Clark, Ladner, Fortenbaugh & Young, is
a director of VF. On September 1, 1995, Mr. Sharp, other partners, of counsel,
associates and other non-clerical employees of Clark, Ladner, Fortenbaugh &
Young and their spouses owned beneficially an aggregate 3,536 shares of the
Common Stock of VF. In addition, Mr. Sharp beneficially owns options to
purchase 7,200 shares of Common Stock and, as a co-trustee under certain Deeds
of Trust dated August 21, 1951 and under the Will of John E. Barbey, deceased,
beneficially owns 11,461,644 shares of Common Stock.
STATEMENT OF INDEMNIFICATION
Under provisions of VF's By-Laws, the monetary liability of a director
of VF is limited to those cases in which (a) he or she breached or failed to
perform the duties of a director under Section 511 of the Pennsylvania
Associations Code or as such law may be amended from time to time and (b) the
breach or failure to perform constituted self-dealing, willful misconduct or
recklessness, except that the limitation would not apply to the responsibility
or liability of a director pursuant to a criminal statute or for the payment of
taxes pursuant to local, state or federal law. Furthermore, VF's By-Laws
provide that any person made a party to any lawsuit by reason of being a
director, officer or employee of VF may be indemnified by VF to the full extent
6
<PAGE> 9
permitted by Pennsylvania law against reasonable expenses, including attorneys'
fees, incurred by the director, officer or employee in connection with the
defense of such lawsuit. With respect to possible indemnification of
directors, officers and controlling persons of VF for liabilities arising under
the Act pursuant to such provisions, VF is aware that the Commission has taken
the position that such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable.
EXPERTS
The consolidated financial statements and schedules of VF incorporated by
reference into the Form 10-K have been audited by Ernst & Young, independent
auditors, as set forth in their report thereon included therein and incorporated
herein by reference. Such consolidated financial statements and schedules are
incorporated herein by reference in reliance upon such report given upon the
authority of such firm as experts in accounting and auditing.
ADDITIONAL INFORMATION
As of November 8, 1995, the authorized Common Stock of VF totaled 150,000,000
shares, without par value, of which 63,754,513 shares of Common Stock were
issued and outstanding not including 961,711 shares of Common Stock held in
treasury. Further information concerning the Common Stock of VF may be found
in the documents incorporated by reference above.
7
<PAGE> 10
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
Incorporated by reference into this Registration Statement are
(a) VF's latest Annual Report on Form 10-K for the fiscal year ended
December 31, 1994; (b) VF's Quarterly Report on Form 10-Q for the quarterly
period ended April 1, 1995; (c) VF's Quarterly Report on Form 10-Q for the
quarterly period ended July 1, 1995; (d) VF's Current Report on Form 8-K, dated
June 9, 1995; (e) VF's Current Report on Form 8-K, dated July 17, 1995;
(f) VF's definitive proxy statement or information statement filed pursuant to
Section 14 of the 1934 Act in connection with VF's latest Annual Meeting of
Shareholders and any definitive proxy or information statement as filed in
connection with any subsequent annual or special meeting of its
II-1
<PAGE> 11
shareholders; (g) VF's Amendment to the Annual Report on Form 10-K/A for the
fiscal year ended December 31, 1994 ("Form 10-K/A"); (h) VF's Registration
Statement on Form 8-A dated April 27, 1965 filed pursuant to section 12(g) of
the 1934 Act and the Corporation's Registration Statements on Form 8-A dated
May 8, 1987 and January 25, 1988 filed pursuant to section 12(b) of the 1934
Act, which contain descriptions of the Common Stock and certain rights relating
to the Common Stock, including any amendment or reports filed for the purpose
of updating such descriptions; and (i) all documents subsequently filed by VF
pursuant to Section 13(a), 13(c), 14 and 15(d) of the Act prior to the filing
of a post-effective amendment which indicates that all securities offered
hereby have been sold or deregisters all securities remaining unsold, shall be
deemed to be incorporated by reference herein and to be a part hereof from the
date of the filing of such reports and documents.
The consolidated financial statements and schedules of VF incorporated
by reference into the Form 10-K have been audited by Ernst & Young, independent
auditors, as set forth in their report thereon and incorporated herein by
reference. Such consolidated financial statements and schedules are
incorporated herein by reference in reliance upon such report and given upon
the authority of such firm as experts in auditing and accounting.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable
II-2
<PAGE> 12
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Legal matters with respect to Common Stock being offered hereby have
been passed upon for VF by Clark, Ladner, Fortenbaugh & Young, Philadelphia,
Pennsylvania. M. Rust Sharp, a partner in Clark, Ladner, Fortenbaugh & Young,
is a director of VF. On September 1, 1995, Mr. Sharp, other partners, of
counsel, associates and other non-clerical employees of Clark, Ladner,
Fortenbaugh & Young and their spouses owned beneficially an aggregate 3,536
shares of VF Common Stock. In addition, Mr. Sharp beneficially owns options
to purchase 7,200 shares of Common Stock and, as a co-trustee under certain
Deeds of Trust dated August 21, 1951 and under the Will of John E. Barbey,
deceased, beneficially owns 11,461,644 shares of Common Stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 1741 of the Pennsylvania Business Corporation Law, as amended
(the "BCL"), provides that a business corporation shall have the power to
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,
II-3
<PAGE> 13
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 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 1742 of the BCL provides that in the case of actions by
or in the right of the corporation, a corporation may indemnify any such
persons only against expenses (including attorneys' fees) actually and
reasonably incurred in connection with the defense or settlement of such action
and only if such person 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 that no such indemnification is permitted in respect to any claim,
issue or matter as to which such person is adjudged liable for negligence or
misconduct in the performance of his duty to the corporation, except to the
extent that a court determines that indemnification is proper under the
circumstances. The BCL further provides under Section 1743 that to the extent
that such person has been successful on the merits or otherwise in defending
any action (even one on behalf of the corporation), he is entitled to
indemnification for expenses (including attorneys' fees) actually and
reasonably incurred in connection with such action. The By-Laws of VF provide
for indemnification of the
II-4
<PAGE> 14
officers or directors of VF to the fullest extent permissible under the BCL.
The indemnification provided for under the BCL is not exclusive of any
other rights of indemnification. Under Section 1746 of the BCL a corporation
may maintain insurance on behalf of any of the persons referred to above
against liability asserted against any of them and incurred in or arising out
of any capacity referred to above, whether or not the corporation would have
the power to indemnify against such liabilities under the BCL. Section 513 of
the Pennsylvania Associations Code ("Section 513") provides that a Pennsylvania
corporation shall have the power, by action of the shareholders, directors or
otherwise, to indemnify a person as to action in his official capacity and as
to action in another capacity while holding that office for any action taken or
any failure to take any action, whether or not the corporation would have the
power to indemnify the person under any other provision of law (including
Section 1741 and 1742 of the BCL), except as provided in Section 513, and
whether or not the indemnified liability arises or arose from any threatened,
pending or completed action by or in the right of the corporation.
Indemnification is not authorized pursuant to Section 513 in any case where the
act or failure to act giving rise to the claim for indemnification is
determined by a court to have constituted willful misconduct or recklessness.
In addition to the power to advance expenses under the BCL, Section 513
provides that expenses incurred by an officer,
II-5
<PAGE> 15
director, employee or agent 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 receipt of an undertaking by or on
behalf of such person to repay such amount if it shall ultimately be determined
that he is not entitled to be indemnified by the corporation. Section 513
permits a business corporation to create a fund, under the control of a trustee
or otherwise, to secure or insure in any manner its indemnification obligations
whether arising under or pursuant to Section 513 or otherwise. VF's By-Laws
provide that any person made a party to any lawsuit by reason of being a
director or officer of VF may be indemnified by VF, to the full extent
permitted by Pennsylvania law, against the reasonable expenses, including
attorneys' fees, incurred by the director or officer in connection with the
defense of such lawsuit. The By-Laws further provide that a director of VF
shall not be personally liable for monetary damages arising from any action
taken or any failure to act by the director unless (a) the director has breached
or failed to perform the duties of a director under Section 511 of the
Pennsylvania Associations Code or as such law may be amended from time to time
and (b) the breach of duty constituted self-dealing, willful misconduct or
recklessness. The limitation on a director's personal liability for monetary
damages does not apply to a director's criminal liability or liability for
taxes.
II-6
<PAGE> 16
VF maintains directors and officers' liability insurance for expenses
for which indemnification is permitted by Pennsylvania Business Corporation Law
and Section 513. These insurance policies insure VF against amounts which it
may become obligated to pay as indemnification to directors and officers and
insures its directors and officers against losses (except fines, penalties and
other matters uninsurable under law) arising from any claim made against them
on account of any alleged "wrongful act" in their official capacity. A
wrongful act is defined as "any breach of any duty, neglect, error,
misstatement, misleading statement, omission or other act done or wrongfully
attempted by the directors and officers or ... so alleged by any claimant on
any matter claimed against them solely by reason of their being such directors
or officers," subject to certain exclusions. Directors and officers are also
insured against losses (except fines, penalties and other matters uninsurable
under law) arising out of the insured's breach of fiduciary duty, subject to
certain exclusions.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIM.
Not Applicable.
ITEM 8. EXHIBITS.
II-7
<PAGE> 17
24 Power of Attorney
ITEM 9. UNDERTAKINGS.
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made of the securities registered hereby, a post- effective amendment to this
Registration Statement:
(i) To include any prospectus required by Section
10(a)(3) of the 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 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 the undertakings set forth in paragraphs (1)(i) and
(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 registrant pursuant to Section 13 or Section 15(d) of the 1934 Act
that are incorporated by reference in this Registration Statement.
II-8
<PAGE> 18
(2) That, for the purpose of determining any liability under the
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.
(4) That, for the purposes of determining any liability under the
Act, each filing of VF's annual report pursuant to Section 13(a) or Section
15(d) of the 1934 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.
(5) To deliver or cause to be delivered with the Prospectus to
each employee to whom the Prospectus is sent or given, a copy of its Annual
Report to Shareholders for its last fiscal year, unless such employee otherwise
has received a copy of such Report, in which case VF shall state in the
Prospectus that it will promptly furnish, without charge, a copy of such Report
on written request of the employee. If the last fiscal year of VF has ended
within 120 days prior to the use of the Prospectus, the Annual Report for the
preceding fiscal year may be so delivered, but within such 120
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<PAGE> 19
day period the Annual Report for the last fiscal year will be furnished to each
such employee.
(6) To deliver or cause to be delivered to all employees
participating in the Plan, who do not otherwise receive such material as
shareholders of VF, at the time and in the manner such material is sent to its
shareholders, copies of all reports, proxy statements, and other communications
distributed to its shareholders generally.
(7) 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 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
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<PAGE> 20
the Act and will be governed by the final adjudication of such issue.
II-11
<PAGE> 21
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 Borough of Wyomissing, Commonwealth of
Pennsylvania on the 7th day of November, 1995.
<TABLE>
<S> <C>
VF CORPORATION
By:/s/ L.R. Pugh
--------------------------
L.R. Pugh
Chairman of the Board and
Chief Executive Officer
</TABLE>
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.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
--------- ----- ----
<S> <C> <C>
/s/ L.R. Pugh Chairman of the Board and 11/7/95
- ---------------------- Chief Executive Officer
L.R. Pugh
/s/ G.G. Johnson Vice President - Finance 11/7/95
- ---------------------- and Chief Financial Officer
G.G. Johnson
/s/ R.K. Shearer Vice President and Controller 11/7/95
- ----------------------
R.K. Shearer
</TABLE>
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<PAGE> 22
<TABLE>
<CAPTION>
DIRECTORS
<S> <C>
Lawrence R. Pugh * Leon C. Holt, Jr. *
Robert D. Buzzell * Robert J. Hurst *
Edward E. Crutchfield, Jr. * Robert F. Longbine *
Ursula F. Fairbairn * Mackey J. McDonald*
Barbara S. Feigin * William E. Pike *
Roger S. Hillas * M. Rust Sharp *
L. Dudley Walker *
</TABLE>
A majority of the Board of Directors
<TABLE>
<S> <C>
* By: /s/ L. M. Tarnoski
------------------
L. M. Tarnoski
Attorney-In-Fact
</TABLE>
Date: November 7, 1995
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EXHIBIT INDEX
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Exhibit No. Page
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<S> <C>
24 Power of Attorney
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EXHIBIT 24
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Exhibit 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned directors of V.F.
Corporation ("VF") hereby constitute and appoint L.M. Tarnoski, G.G. Johnson
and R.K. Shearer, and each of them, severally, his/her true and lawful
attorneys and agents at any time and from time to time to do any and all acts
and things and execute in his/her name any and all instruments and documents
which said attorneys and agents, or any of them, may deem necessary or
advisable and may be required to enable VF to comply with the Securities Act of
1933, as amended ("Act"), and any rules, regulations or requirements of the
Securities and Exchange Commission ("Commission") in respect thereof, in
connection with shares of Common Stock of VF offered pursuant to or in
connection with the 1991 Stock Option Plan ("Plan"), including specifically,
but without limiting the generality of the foregoing, power of attorney to sign
the names of the undersigned directors to all registration statements, and all
amendments and supplements thereto, on Form S-8/S-3 or on any other appropriate
Form, hereafter filed with the Commission and all instruments or documents
filed as a part thereof or in connection therewith, and each of the undersigned
hereby ratifies and confirms all that said attorneys, agents, or any of them,
shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has subscribed to these
presents as of the 14th day of September, 1995.
V.F. CORPORATION
/s/ Robert J. Hurst
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Robert J. Hurst, Director
