As filed with the Securities and Exchange Commission on August 31, 1999
Registration No.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
AND
POST-EFFECTIVE AMENDMENT*
--------------------
U S WEST, Inc.
(formerly "USW-C, Inc.")
(Exact name of registrant as specified in its charter)
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Delaware 84-0953188
(State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.)
organization)
</TABLE>
1801 California Street
Denver, Colorado 80202
(303) 672-2700
(Address, zip code, telephone number, and area code,
of registrant's principal executive offices)
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1999 U S WEST STOCK PLAN*
(Full title of the Plan)
----------------------
Thomas O. McGimpsey, Esq.
U S WEST, Inc.
1801 California Street
Denver, Colorado 80202
(303) 672-2712
(Name, address, zip code, telephone number and area code,
of agent for service)
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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 of
securities to be registered registered offering price per aggregate offering registration fee (1)
share price
- -------------------------------- --------------- ------------------------ --------------------- ----------------------
Common Stock, $.01 par value (2) 7,000,000 $53.00 $371,000,000 $103,138
- -------------------------------- --------------- ------------------------ --------------------- ----------------------
<FN>
<F1>
* This Form S-8 Registration Statement also constitutes a Post-Effective
Amendment to the Form S-8 Registration Statement dated June 25, 1999. The
1999 U S WEST Stock Plan is an amendment and restatement of the 1999 U S
WEST Non-Executive Stock Plan.
<F2>
(1) The registration fee for all securities registered hereby, $103,138, has
been calculated as follows: 0.000278 of $53 (the average of the high and
low prices of Common Stock of U S WEST, Inc. reported in the consolidated
reporting system of the New York Stock Exchange on August 24, 1999)
multiplied by 7,000,000 shares of Common Stock being registered hereby.
<F3>
(2) Includes Stock Purchase Rights which, prior to the occurrence of certain
events, will not be exercisable separately from the Common Stock.
</FN>
</TABLE>
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<PAGE>
GENERAL
This Form S-8 Registration Statement (the "Registration Statement") of
U S WEST, Inc., a Delaware corporation ("U S WEST"), also constitutes a
Post-Effective Amendment to the Form S-8 Registration Statement, dated June 25,
1999 (the "Prior Registration Statement"), as filed with the United States
Securities and Exchange Commission (the "SEC") under Registration No. 333-81567.
The Registration Statement is filed pursuant to Rule 413 promulgated under the
Securities Act of 1933, as amended (the "Act").
The plan to which the Prior Registration Statement related was the 1999
U S WEST Non-Executive Stock Plan. After giving effect to the filing of this
Registration Statement and Post-Effective Amendment, such Plan referred to in
the Prior Registration Statement shall be the 1999 U S WEST Stock Plan (the
"Plan"). The Plan, as amended, became effective on August 6, 1999.
The Registration Statement registers an additional 7,000,000 shares of
U S WEST Common Stock, $.01 par value per share, plus certain stock purchase
rights, in connection with the 1999 U S WEST Stock Plan, as amended (the
"Plan").
PART I
INFORMATION REQUIRED IN SECTION 10(A) PROSPECTUS
Note: The document(s) containing the information concerning the Plan
required by Item 1 of Form S-8 and the statement of availability of registrant
information, Plan information and other information required by Item 2 of Form
S-8 will be sent or given to employees as specified by Rule 428. In accordance
with Rule 428 and the requirements of Part I Form S-8, such documents are not
being filed with the Securities and Exchange Commission (the "Commission")
either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424. U S WEST, Inc. ("U S WEST" or the "Company,"
which may also be referred to as "we," "us" or "our") will maintain a file of
such documents in accordance with the provisions of Rule 428. Upon request, we
will furnish the Commission or its staff with a copy or copies of any or all
documents included in such file.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Commission allows us to "incorporate by reference" certain
information that we file with the Commission. Information incorporated by
reference is considered a part of this registration statement and later
information filed with the Commission pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended (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 than
remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be part hereof from the date of filing of such
documents. We incorporate by reference the documents listed below and any future
filings made pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act:
o Our Annual Report on Form 10-K for the year ended December 31, 1998, as
amended by Form 10-K/A filed March 24, 1999;
o Our Current Reports on Form 8-K filed January 13, 1999, January 15, 1999,
January 22, 1999, February 23, 1999, February 25, 1999, February 26, 1999,
April 7, 1999, April 22, 1999, May 12, 1999, May 18, 1999, May 21, 1999,
May 26, 1999, June 18, 1999, June 22, 1999, July 7, 1999, July 21, 1999,
and July 26, 1999, as amended by Form 8-K/A filed July 27, 1999;
o Our Proxy Statement on Schedule 14A filed March 24, 1999;
o Our Preliminary Proxy Statement on Schedule 14A filed August 16, 1999;
o Our Quarterly Reports on Form 10-Q for the quarters ended March 31, 1999
and June 30, 1999;
o Our Tender Offer Statement on Schedule 14D-1 and Schedule 13D filed May 21,
1999, as amended by Amendment No. 1 filed May 24, 1999, Amendment No. 2
filed June 7, 1999, Amendment No. 3 filed June 11, 1999, Amendment No. 4
filed June 18, 1999, Amendment No. 5 filed June 18, 1999, Amendment No. 6
filed June 21, 1999, Amendment No. 7 filed June 24, 1999, Amendment No. 8
filed June 29, 1999, and Amendment No. 9 to Schedule 13D filed August 16,
1999;
o The description of Common Stock and preferred stock purchase rights
contained in our Registration Statement on Form 8-A filed on May 1, 1998,
as amended by Form 8-A/A (Amendment No. 1) filed May 12, 1998 and Form
8-A/A (Amendment No. 2) filed August 17, 1999.
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.
<PAGE>
EXPERTS
The financial statements and schedules incorporated by reference in
this registration statement have been audited by Arthur Andersen LLP,
independent public accountants, as indicated in their reports with respect
thereto, and are included herein in reliance upon the authority of said firm as
experts in giving said reports.
Item 4. Description of Securities.
The class of securities to be offered hereby is registered under
Section 12 of the Exchange Act.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law (the "DGCL")
permits our board of directors to indemnify any person against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred in connection with any threatened, pending or
completed action, suit or proceeding in which such person is made a party by
reason of his or her being or having been a director, officer, employee or agent
of U S WEST, in terms sufficiently broad to permit such indemnification under
certain circumstances for liabilities (including reimbursement for expenses
incurred) arising under the Securities Act of 1933, as amended (the "Securities
Act"). The statute provides that indemnification pursuant to its provisions is
not exclusive of other rights of indemnification to which a person may be
entitled under any bylaw, agreement, vote of stockholders or disinterested
directors, or otherwise.
Our Restated Certificate of Incorporation and Bylaws provide for
indemnification of our directors and officers to the fullest extent permitted by
law.
As permitted by Section 102 of the DGCL, our Restated Certificate of
Incorporation eliminates a director's personal liability for monetary damages to
U S WEST and its stockholders arising from a breach or alleged breach of a
director's fiduciary duty except for liability under Section 174 of the DGCL,
for liability for any breach of the director's duty of loyalty to U S WEST or
its stockholders, for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law or for any transaction
which the director derived an improper personal benefit.
Our directors and officers are covered by insurance policies
indemnifying them against certain liabilities, including certain liabilities
arising under the Securities Act, which might be incurred by them in such
capacities and against which they may not be indemnified by U S WEST.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits Index
Exhibits identified in parentheses below are on file with the SEC, and
are incorporated herein by reference to such previous filings.
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Exhibit
Number Description
(4.1) Form of Rights Agreement between USW-C, Inc. (renamed "U S WEST,
Inc.", a Delaware corporation, and State Street Bank and Trust
Company, as Rights Agent (Exhibit 4-A to Registration Statement
No. 333-45765).
(4.2) Amendment No. 1 to Rights Agreement, by and between U S WEST, Inc.
(formerly "USW-C, Inc.") and State Street Bank and Trust Company, as
Rights Agent (Exhibit 4 to Form 8-K, dated May 21, 1999, File No.
1-14087).
(4.3) Amendment No. 2 to Rights Agreement, by and between U S WEST, Inc.
and State Street Bank and Trust Company, as Rights Agent (Exhibit
4-A.2 to Form 10-Q, dated June 30, 1999, File No. 1-14087).
5 Opinion of Thomas O. McGimpsey, Senior Attorney and Assistant
Secretary of U S WEST, Inc., regarding the legality of the securities
being registered.
23-A Consent of Arthur Andersen LLP.
23-B Consent of Thomas O. McGimpsey, Senior Attorney and
Assistant Secretary of U S WEST, Inc., included in the
opinion regarding legality filed as Exhibit 5.
24 Powers of Attorney executed by directors and officers who signed this
registration statement.
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Item 9. Undertakings.
(a) Rule 415 Offerings.
U S WEST 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 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
decreases 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 Commission
pursuant to Rule 424(b) (ss. 230.424(b) of this chapter) if, in the
aggregate, the changes in volume and price represent no more than a 20%
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 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 Exchange Act that
are incorporated by reference 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.
(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) Filings Incorporating Subsequent Exchange Act Documents by Reference.
The undersigned 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 (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
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.
<PAGE>
(c) Form S-8 Undertakings.
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 of 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
The Registrant. Pursuant to the requirements of the Securities Act of 1933, U S
WEST, Inc. certifies that it has reasonable grounds to believe that it meets all
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 the 31st day of August,
1999.
U S WEST, Inc.
By: /S/ THOMAS O. MCGIMPSEY
-------------------------------------------
Thomas O. McGimpsey
Assistant Secretary
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the date indicated.
Principal Executive Officer:
Solomon D. Trujillo* President and Chief Executive Officer
Principal Financial Officer:
Allan R. Spies* Executive Vice President and Chief
Financial Officer
Principal Accounting Officer:
Janet K. Cooper* Vice President and Controller
DIRECTORS:
Solomon D. Trujillo* Manuel A. Fernandez*
Linda G. Alvarado* George J. Harad*
Craig R. Barrett* Peter S. Hellman*
The Honorable Hank Brown* Marilyn Carlson Nelson*
Jerry J. Colangelo* Frank P. Popoff*
* By: /S/ THOMAS O. McGIMPSEY
- ---------------------------------------
Thomas O. McGimpsey
Assistant Secretary and Attorney-in-fact
Date: August 31, 1999
EXHIBIT 5
U S WEST, Inc.
1801 California Street
Denver, Colorado 80202
Thomas O. McGimpsey
Senior Attorney and
Assistant Secretary
August 31, 1999
U S WEST, Inc.
1801 California Street
Denver, Colorado 80202
Ladies and Gentlemen:
I refer to the Form S-8 Registration Statement and Post-Effective Amendment (the
"Registration Statement") under the Securities Act of 1933, as amended, to be
filed by U S WEST, Inc., a Delaware corporation (the "Company"), with the
Securities and Exchange Commission (the "Commission") on August 31, 1999. The
Registration Statement covers 7,000,000 shares of $.01 par value per share
Common Stock of the Company (the "Shares") which may be issued from time to time
in connection with the 1999 U S WEST Stock Plan (the "Plan").
I have made such legal and factual examinations and inquiries as I have deemed
advisable for the purpose of rendering this opinion. I am familiar with the
proceedings taken and proposed to be taken in connection with the authorization,
issuance and sale of the Shares. Based on my examination and inquiries, it is my
opinion that the Shares, upon issuance thereof in accordance with the terms of
the Plan will be validly issued, fully paid, and non-assessable.
I hereby consent to the filing of this opinion as an exhibit to the Registration
Statement.
Very truly yours,
/s/ THOMAS O. McGIMPSEY
Thomas O. McGimpsey
EXHIBIT 23-A
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation by reference in this Form S-8 Registration Statement for the 1999
U S WEST, Inc. Stock Plan dated August 31, 1999 of our report dated January 22,
1999 (except with respect to Note 12 and Note 14, as to which the date is March
22, 1999), on the consolidated balance sheets of U S WEST, Inc. (formerly known
as USW-C, Inc., the "Company") as of December 31, 1998 and 1997, and the related
consolidated statements of income and cash flows for each of the three years in
the period ended December 31, 1998, included in the Company's Form 10-K/A dated
March 24, 1999 and the Company's Proxy Statement on Schedule 14A dated March 24,
1999, and to all references to our Firm included in this registration statement.
/S/ ARTHUR ANDERSEN LLP
Denver, Colorado
August 31, 1999
EXHIBIT 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, U S WEST, Inc., a Delaware corporation (hereinafter referred to as
the "Company"), proposes to file with the Securities and Exchange Commission,
under the provisions of the Securities Act of 1933, as amended, a Registration
Statement on Form S-8 (the "Registration Statement") for the registration of
shares of Common Stock of the Company in connection with the 1999 U S WEST
Non-Executive Stock Plan (the "Plan"), on terms generally described in the Plan;
and
WHEREAS, each of the undersigned is an Officer or Director, or both, of the
Company as indicated below each signature;
NOW, THEREFORE, each of the undersigned constitutes and appoints THOMAS O.
MCGIMPSEY and JILL A. GILPIN, and each of them, as attorneys for him and in his
name, place, and stead, and in his capacity as an Officer or Director of the
Company, to execute and file such Registration Statement, and thereafter to
execute and file any amended registration statement or statements or supplements
thereto, hereby giving and granting to said attorneys full power and authority
to do and perform all and every act and thing whatsoever requisite and necessary
to be done in and about the premises as fully, to all intents and purposes, as
he might or could do if personally present at the doing thereof, hereby
ratifying and confirming all that said attorneys may or shall lawfully do, or
cause to be done, by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of
Attorney this 3rd day of June, 1999.
/s/ SOLOMON D. TRUJILLO
--------------------------------------------------------
Solomon D. Trujillo
Chairman, President and Chief Executive Officer
and Director
/s/ ALLAN R. SPIES
--------------------------------------------------------
Allan R. Spies
Executive Vice President and Chief Financial
Officer
/s/ JANET K. COOPER
--------------------------------------------------------
Janet K. Cooper
Vice President and Controller
<PAGE>
Exhibit 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, U S WEST, Inc., a Delaware corporation (hereinafter referred to as
the "Company"), proposes to file with the Securities and Exchange Commission,
under the provisions of the Securities Act of 1933, as amended, a Registration
Statement on Form S-8 (the "Registration Statement") for the registration of
shares of Common Stock of the Company in connection with the 1998 U S WEST
Non-Executive Stock Plan (the "Plan"), on terms generally described in the Plan;
and
WHEREAS, each of the undersigned is a Director of the Company;
NOW, THEREFORE, each of the undersigned constitutes and appoints THOMAS O.
MCGIMPSEY and JILL A. GILPIN, and each of them, as attorneys for him or her and
in his or her name, place, and stead, and in his or her capacity as a Director
of the Company, to execute and file such Registration Statement, and thereafter
to execute and file any amended registration statement or statements or
supplements thereto, hereby giving and granting to said attorneys full power and
authority to do and perform all and every act and thing whatsoever requisite and
necessary to be done in and about the premises as fully, to all intents and
purposes, as he might or could do if personally present at the doing thereof,
hereby ratifying and confirming all that said attorneys may or shall lawfully
do, or cause to be done, by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of
Attorney this 3rd day of June, 1999.
/s/ LINDA G. ALVARADO /s/ GEORGE J. HARAD
- -------------------------------- -----------------------------------------
Linda G. Alvarado George J. Harad
/s/ CRAIG R. BARRETT /s/ PETER S. HELLMAN
- -------------------------------- -----------------------------------------
Craig R. Barrett Peter S. Hellman
/s/ THE HONORABLE HANK BROWN /s/ MARILYN C. NELSON
- -------------------------------- -----------------------------------------
The Honorable Hank Brown Marilyn C. Nelson
/s/ FRANK P. POPOFF
- -------------------------------- -----------------------------------------
Jerry J. Colangelo Frank P. Popoff
/s/ MANUEL A. FERNANDEZ /s/ SOLOMON D. TRUJILLO
- -------------------------------- -----------------------------------------
Manuel A. Fernandez Solomon D. Trujillo
