As filed with the Securities and Exchange Commission on October 6, 1998
Registration No. 333-
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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QWEST COMMUNICATIONS INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
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DELAWARE 84-1339282
(STATE OR OTHER (I.R.S. EMPLOYER
JURISDICTION OF IDENTIFICATION NO.)
INCORPORATION OR
ORGANIZATION)
1000 QWEST TOWER
555 SEVENTEENTH STREET
DENVER, COLORADO 80202
(303) 992-1400
(Address, including zip code, and telephone number, including area
code, of registrant's principal executive offices)
QWEST COMMUNICATIONS INTERNATIONAL INC. EMPLOYEE STOCK PURCHASE PLAN
(Full title of plan)
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(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE FOR THE REGISTRANT)
ROBERT S. WOODRUFF
EXECUTIVE VICE PRESIDENT--FINANCE AND CHIEF FINANCIAL OFFICER
QWEST COMMUNICATIONS INTERNATIONAL INC.
1000 QWEST TOWER
555 SEVENTEENTH STREET
DENVER, COLORADO 80202
(303) 992-1400
COPY TO:
THOMAS A. RICHARDSON, ESQ.,
HOLME ROBERTS & OWEN LLP
1700 LINCOLN STREET, SUITE 4100
DENVER, COLORADO 80203
(303) 861-7000
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CALCULATION OF REGISTRATION FEE
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PROPOSED
PROPOSED MAXIMUM
TITLE OF EACH CLASS OF AMOUNT MAXIMUM AGGREGATE AMOUNT OF
SECURITIES TO BE TO BE OFFERING PRICE OFFERING REGISTRATION
REGISTERED REGISTERED PER UNIT (1) PRICE (1) FEE
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Common Stock, par
value $.01 per share 760,000 shares 31.4375 $23,892,500 $7,048
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(1) Calculated pursuant to Rule 457(h). Based on average of high and low bid and
asked prices on October 1, 1998.
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.
The following documents filed by Qwest Communications International Inc.
(the "Company") with the Securities and Exchange Commission (the "Commission")
are hereby incorporated in this Registration Statement by reference:
(a) The Company's annual report on Form 10-K for the year ended
December, 31, 1997.
(b) The Company's quarterly reports on Form 10-Q, as amended, for the
quarters ended March 31, 1998 and June 30, 1998.
(c) The Company's current reports on Form 8-K filed on January 12, 1998,
January 29, 1998, January 29, 1998, March 9, 1998, March 20, 1998, March 27,
1998, April 3, 1998, April 21, 1998, June 12, 1998, July 8, 1998 as amended on
July 10, 1998, and September 16, 1998.
(d) The description of Common Stock of the Company is incorporated by
reference to the Company's registration statement filed with the Commission on
Form S-4/A (Registration No. 333-49915) filed under the Securities Act of 1993
on May 13, 1998.
All documents subsequently filed by the Company with the Commission
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, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing such
documents.
4. DESCRIPTION OF SECURITIES.
Not applicable.
5. INTERESTS OF NAMED EXPERTS.
Not applicable.
6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law ("DGCL") empowers a
Delaware corporation to indemnify any persons who are, or are threatened to be
made, parties 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 such corporation), by reason of the fact that
such person is or was an officer or director of such corporation, or is or was
serving at the request of such corporation as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise. The indemnity may include expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by such person in connection with such action, suit or proceeding, if such
officer or director acted in good faith and in a manner such person 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 such officer's or director's conduct was unlawful. A Delaware
corporation may indemnify officers and directors in an action by or in the right
of the corporation under the same conditions, except that no indemnification is
permitted without judicial approval if the officer or
<PAGE>
director is adjudged to be liable to the corporation in the performance of his
duty. Where an officer or director is successful on the merits or otherwise in
the defense of any action referred to above, the corporation must indemnify such
officer or director against the expenses which such officer or director actually
and reasonably incurred.
In accordance with Section 102(b)(7) of the DGCL, the Company's Certificate
of Incorporation provides that directors shall not be personally liable for
monetary damages for breaches of their fiduciary duty as directors except for
(i) breaches of their duty of loyalty to the Company or its stockholders, (ii)
acts or omissions not in good faith or which involve intentional misconduct or
knowing violations of law, (iii) certain transactions under Section 174 of the
DGCL (unlawful payment of dividends or unlawful stock purchases or redemptions)
or (iv) transactions from which a director derives an improper personal benefit.
The effect of this provision is to eliminate the personal liability of directors
for monetary damages for actions involving a breach of their fiduciary duty of
care, including any actions involving gross negligence.
The Certificate of Incorporation and the By-laws of the Company provide for
indemnification of the Company's officers and directors to the fullest extent
permitted by applicable law, except that the By-laws provide that the Company is
required to indemnify an officer or director in connection with a proceeding
initiated by such person only if the proceeding was authorized by the Board of
Directors of the Company. In addition, the Company maintains insurance policies
which provide coverage for its officers and directors in certain situations
where the Company cannot directly indemnify such officers or directors.
7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
8. EXHIBITS.
5.1 Legality Opinion of Holme Roberts & Owen LLP
23.1 Consent of KPMG Peat Marwick LLP
23.2 Consent of Holme Roberts & Owen LLP is included in Exhibit 5.1
24.1 Power of Attorney. See the signature page hereof.
9. UNDERTAKINGS.
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 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; (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; and (3) to remove from registration by means of a
post-effective amendment any of the securities 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 of 1933, each filing of the
Company's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
#413172v4
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Registration Statement shall be deemed to be a new Registration Statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
C. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company pursuant to the foregoing provisions, or otherwise, the
Company has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than 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 unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.
<PAGE>
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 Denver, State of Colorado on October 5, 1998.
Qwest Communications International Inc.
By: /s/ Robert S. Woodruff
Robert S. Woodruff
Executive Vice President - Finance
and Chief Financial Officer
<PAGE>
We, the undersigned officers and directors of Qwest Communications
International Inc. hereby severally constitute and appoint Joseph P. Nacchio and
Robert S. Woodruff, and each of them singly, our true and lawful attorneys, with
full power to them and each of them singly, to sign for us in our names in the
capacities indicated below, all pre-effective and post-effective amendments to
this Registration Statement and any abbreviated Registration Statement in
connection with this Registration Statement, and generally to do all things in
our names and on our behalf in such capacities to enable the Company to comply
with the provisions of the Securities Act of 1933, and all requirements of the
Securities and Exchange Commission.
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.
SIGNATURE TITLE(S) DATE
/s/ Philip F. Anschutz Chairman of the Board October 5, 1998
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Philip F. Anschutz Director
/s/ H. Brian Thompson Vice Chairman of the Board October 5, 1998
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H. Brian Thompson Director
/s/ Joseph P. Nacchio Director, President and Chief October 5, 1998
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Joseph P. Nacchio Executive Officer
/s/ Robert S. Woodruff Director, Executive Vice October 5, 1998
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Robert S. Woodruff President-Finance, Chief
Financial Officer, Principal
Accounting Officer and
Treasurer
/s/ Cannon Y. Harvey Director October 5, 1998
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Cannon Y. Harvey
/s/ Richard T.Liebhaber Director
Richard T. Liebhaber October 5, 1998
/s/ Douglas L. Polson Director October 5, 1998
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Douglas L. Polson
/s/ Craig D. Slater Director October 5, 1998
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Craig D. Slater
/s/ Jordan L. Haines Director October 5, 1998
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Jordan L. Haines
/s/ W. Thomas Stephens Director October 5, 1998
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W. Thomas Stephens
<PAGE>
/S/ Roy A. Wilkins
Roy A. Wilkins Director October 5, 1998
/S/ Douglas M. Karp Director October 5, 1998
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Douglas M. Karp
/S/Vinod Khosla Director October 5, 1998
Vinod Khosla
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EXHIBIT INDEX
Exhibit
Number Description
5.1 Legality Opinion of Holme Roberts & Owen LLP
23.1 Consent of KPMG Peat Marwick LLP
23.2 Consent of Holme Roberts & Owen LLP is included
in Exhibit 5.1
24.1 Power of Attorney. See the signature page hereof.
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Exhibit 5.1
October 2, 1998
Qwest Communications International Inc.
1000 Qwest Tower
555 Seventeenth Street
Denver, Colorado 80202
Ladies and Gentlemen:
Reference is made to the registration statement on Form S-8 to be
filed with the Securities and Exchange Commission (the "Commission") on
October 6, 1998 (the "Registration Statement") by Qwest Communications
International Inc., a Delaware corporation (the "Company"), for the
purpose of registering under the Securities Act of 1933, as amended (the
"Act"), 760,000 shares of its Common Stock, $.01 par value (the "Common
Stock").
As special counsel for the Company, we have examined such documents
and reviewed such questions of law as we have considered necessary or
appropriate for the purpose of this opinion. Based on the foregoing, we
are of the opinion that the shares of Common Stock, when sold and
delivered by the Company pursuant to the Qwest Communications
International Inc. Employee Stock Purchase Plan described in the
Registration Statement, will be legally issued, fully paid and
non-assessable.
We consent to the filing of this opinion with the Commission as an
exhibit to the Registration Statement. In giving this consent, we do not
thereby admit that we are within the category of persons whose consent is
required under Section 7 of the Act or under the rules and regulations of
the Commission.
We do not express an opinion on any matters other than those
expressly set forth in this letter.
Very truly yours,
HOLME ROBERTS & OWEN LLP
/s/ Thomas A. Richardson
<PAGE>
Exhibit 23.1
CONSENT OF INDEPENDENT AUDITORS
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To the Board of Directors and Stockholders
Qwest Communications International Inc.:
We consent to the incorporation by reference in the registration
statement on Form S-8 of Qwest Communications International Inc., of our
report dated February 24, 1998, except as to note 22 which is as of March
8, 1998, relating to the consolidated balance sheets of Qwest
Communications International Inc. and subsidiaries as of December 31, 1997
and 1996, and the related consolidated statements of operations,
stockholders' equity, and cash flows for each of the years in the
three-year period ended December 31, 1997, and our report dated February
24, 1998 pertaining to the related financial statement schedule, which
reports appear in the annual report on Form 10-K of Qwest Communications
International Inc.
/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP
Denver, Colorado
September 30, 1998
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