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Registration No. 33-______
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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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BORDEN, INC.
(Exact name of registrant as specified in its charter)
New Jersey 13-0511250
(State or other jurisdiction (I.R.S. Employer
of Incorporation or organization) Identification Number)
180 East Broad Street
Columbus, Ohio 43215
(Address, including ZIP Code of registrant's principal executive office)
1993 SALARIED ASSOCIATE STOCK OPTION PLAN
1994 STOCK OPTION PLAN
1994 MANAGEMENT INCENTIVE PLAN
(Full title of the plan)
Paul J. Josenhans, Esq.
Secretary and Associate General Counsel
BORDEN, INC.
180 East Broad Street
Columbus, Ohio 43215
(614) 225-4410
(Name, address, including ZIP Code, and telephone number, including area code,
of agent for service)
______________________________
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
==============================================================================================================
Proposed Proposed
Amount Maximum Maximum
Title of each Class of to be Offering Price Aggregate Amount of
Securities to be Registered Registered(1) Per Share(2) Offering Registration Fee
Price(2)
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, including 8,100,000 $12.625 $102,262,500. $35,262.93
Preferred Share Purchase
Rights
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<FN>
(1) All the shares of Common Stock registered hereunder include
the registration of Preferred Share Purchase Rights (the
"Rights") which are an attribute of and issued with such
shares.
(2) Estimated solely for purposes of calculating the registration
fee pursuant to Rule 457 under the Securities Act of 1933.
The above calculation is based on the average of the high and
low prices of the Common Stock reported by the New York Stock
Exchange on June 16, 1994.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
There are hereby incorporated by reference in this Registration Statement the
following documents heretofore filed with the Securities and Exchange
Commission (the "Commission") pursuant to the Securities Exchange Act of 1934
(the "1934 Act"):
1. The Registrant's latest annual report filed pursuant to Section
13(a) or 15(d) of the 1934 Act or the latest prospectus filed pursuant to rule
424(b) or (c) under the Securities Act of 1933 (the "Act"), which contains,
either directly or by incorporation by reference, audited financial statements
for the Registrant's latest fiscal year for which statements have been filed.
2. All other reports filed pursuant to Section 13(a) or 15(d) of
the 1934 Act since the end of the fiscal year covered by the annual reports or
the prospectus referred to in (1) above.
3. The description of the Registrant's Common Stock and the Rights
contained in a registration statement filed under the 1934 Act (File No. 1-71),
including any amendment or report filed with the Commission for the purpose of
updating such description.
All documents filed by the Registrant pursuant to Sections 13(a) or
15(d) of the 1934 Act after the date of this Registration Statement, 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 of such documents.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 14A:3-5 of the New Jersey Business Corporation Act sets forth
the extent to which officers and directors of the Registrant may be indemnified
against any liabilities which they may incur in their capacity as such.
Article XI of the Registrant's by-laws, as amended, provides for the
indemnification of directors and officers of the Registrant against certain
liabilities under certain circumstances. The Registrant and each of its
directors are parties to agreements pursuant to which the
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Registrant has agreed to indemnify each such director to the fullest extent
permitted under the New Jersey Business Corporation Act.
Under insurance policies of the Registrant, directors and officers of
the Registrant may be insured against certain losses arising from certain
claims, including claims under the Act, which may be made against such persons
by reason of their being such directors or officers.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
See Index to Exhibits at Page II-6.
ITEM 9. UNDERTAKINGS
(1) The Registrant hereby undertakes:
(a) 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 in such
information in this registration statement;
PROVIDED, HOWEVER, that the undertakings set forth in paragraphs (i)
and (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 1934 Act that are incorporated by reference in this
registration statement.
(b) 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
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securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial BONA FIDE offering
thereof.
(c) 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.
(d) That, for purposes of determining any liability under
the Act, each filing of the Registrant'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.
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 the 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 Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Columbus, State of Ohio, on June 21, 1994.
BORDEN, INC.
/S/ JAMES C. VAN METER
_____________________________
James C. Van Meter, Executive
Vice President and Chief Financial
Officer (Principal Financial
Officer)
/S/ P. MICHAEL MORTON
_____________________________
P. Michael Morton, Vice President &
General Controller (Principal
Accounting Officer)
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below on the 21st day of June, 1994 by
the following persons in the capacities indicated.
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<CAPTION>
Signature Title
- --------- -----
<S> <C>
*
_____________________________ Director and Chairman of
(F. J. Tasco) the Board
*
_____________________________ Director, President and
(E. R Shames) Chief Executive Officer
*
_____________________________ Director
(Frederick E. Hennig)
*
_____________________________ Director
(Wilbert J. LeMelle)
*
_____________________________ Director
(Robert P. Luciano)
</TABLE>
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<TABLE>
<S> <C>
*
_____________________________ Director
(H. Barclay Morley)
_____________________________ Director
(John E. Sexton)
*
_____________________________ Director
(Patricia Carry Stewart)
*By: /S/ Paul J. Josenhans
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Paul J. Josenhans
Attorney-in-Fact
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INDEX TO EXHIBITS
The following exhibits are filed as part of the registration statement:
<TABLE>
<CAPTION>
Exhibit No. Description
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<S> <C>
4.1 Restated Certificate of
Incorporation and Amendments
(incorporated by reference
to Exhibit 3(i) to 1992 Annual
Report on Form 10-K).
4.2 Bylaws (incorporated by reference
to Exhibit 3(ii) to 1993 Annual Report on Form 10-K).
4.3 Rights Agreement dated as of January
28, 1986, relating to preferred share
purchase rights (incorporated by
reference to Exhibit I to Form 8-K
dated January 28, 1986).
4.4 Amendment to Rights Agreement dated as
of November 29, 1988 (incorporated by
reference to Exhibit 1 to Form 8 dated
December 6, 1988).
4.5 Second Amendment to Rights Agreement
dated as of May 22, 1991 (incorporated
by reference to Exhibit 1 to Form 8
dated June 7, 1991).
5 Opinion and consent of legal
counsel re legality of
securities.
23.1 The consent of legal counsel
is included in Exhibit 5.
23.2 Consent of Price Waterhouse.
24 Power of attorney.
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Exhibit 5
June 21, 1994
Borden, Inc.
180 East Broad Street
Columbus, OH 43215
Dear Sirs:
As Sr. Vice President, Chief Administrative Officer and General
Counsel of Borden, Inc. (herein called the "Corporation"), I am familiar with
the proceedings by which the corporation was organized, the proceedings by
which its Restated Certificate of Incorporation has from time to time been
amended, the proceedings by which the shares of its Common Stock have from time
to time been issued, the proceedings by which its 1993 Salaried Associate Stock
Option Plan, the 1994 Stock Option Plan and the 1994 Management Incentive Plan
(collectively the "Plans") were authorized and adopted by its Board of
Directors and, as applicable, its shareholders, and the proceedings relating to
the declaration of the Corporation's preferred share purchase rights (the
"Rights).
I, or members of my staff, have also reviewed such documents and
records as I have deemed necessary to enable me to express an opinion with
respect to the matters covered hereby.
Based upon the foregoing, I am of the opinion that:
1. The Corporation has been duly incorporated and is validly
existing as a corporation under the laws of the State of New Jersey.
2. The shares of Common Stock, together with the attached Rights,
of the Corporation to be issued under the Plans have been duly authorized, and
will be, when issued, delivered and paid for upon exercise of options granted
under or, when issued in payment of awards granted pursuant to, the Plans in
accordance with their respective terms, legally issued, fully-paid and
non-assessable.
I hereby consent to the use of this opinion as an Exhibit to the
registration statement on Form S-8 to be filed by the
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Borden, Inc.
June 21, 1994
Page Two
Corporation with the Securities and Exchange Commission under the Securities
Act of 1933 with respect to the "Plans" as defined in such registration
statement, to the use of my name as Counsel of the Corporation in connection
with such registration statement and to all references made to me in such
registration statement.
Very truly yours,
/s/ Allan L. Miller
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Allan L. Miller
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Exhibit 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 of our report dated March 20, 1994, which
appears on page 41 of the 1993 Annual Report to Shareholders of Borden, Inc.,
which is incorporated by reference in Borden, Inc.'s Annual Report on Form 10-K
for the year ended December 31, 1993. We also consent to the incorporation by
reference of our report on the Financial Statement Schedules, which appears on
page 12 of such Annual Report on Form 10-K.
/s/ Price Waterhouse
By:________________________________
Columbus, Ohio
June 21, 1994
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Exhibit 24
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POWER OF ATTORNEY
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Know All Men By These Presents, that, with respect to the Borden, Inc.
1993 Salaried Associate Stock Option Plan, the Borden, Inc. 1994 Management
Incentive Plan, and the Borden, Inc. 1994 Stock Option Plan , each person whose
signature appears below constitutes and appoints Allan L. Miller, George P.
Morris and Paul J. Josenhans and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution for him or her and in his or her name, place and stead, in any
and all capacities
(a) to sign registration statements on Form S-8 relating to the
securities of Borden, Inc., and any and all amendments (including post-
effective amendments) to such registration statements, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with
the Securities and Exchange Commission; and
(b) to sign appropriate registration statements for, and/or requests
for exemption from registration and other securities laws requirements of, any
and all states of the United States, Canada any and all provinces of Canada,
and any and all other countries and their states, provinces and other
appropriate units, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the applicable government agencies,
granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes as he or she might or could do in person, ratifying and confirming all
that said attorneys-in-fact and agents or any of them, or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933 and other
laws referred to above, this Power of Attorney has been signed below on the
20TH day of MAY, 1994 by the following persons in the capacities indicated.
<TABLE>
<CAPTION>
Signature Title
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<S> <C>
/s/ George P. Morris Vice President and Chief Strategic
- ----------------------------------------- Officer (Principal Financial Officer)
George P. Morris
/s/ Richard W. Pennell Assistant General Controller (Principal
- ----------------------------------------- Accounting Officer)
Richard W. Pennell
</TABLE>
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<TABLE>
<S> <C>
/s/ Frank J. Tasco Director and Chairman of the Board
- --------------------------------------------
Frank J. Tasco
/s/ Ervin R. Shames Director, President and
- ------------------------------------------ Chief Executive Officer
Ervin R. Shames
/s/ Frederick E. Hennig Director
- ----------------------------------------
Frederick E. Hennig
/s/ Wilbert J. LeMelle Director
- ------------------------------------------
Wilbert J. LeMelle
/s/ Robert P. Luciano Director
- ------------------------------------------
Robert P. Luciano
/s/ H. Barclay Morley Director
- ------------------------------------------
H. Barclay Morley
Director
- -------------------------------------------------
John E. Sexton
/s/ Patricia Carry Stewart Director
- -----------------------------------------
Patricia Carry Stewart
</TABLE>
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