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Registration No. 333-______
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
________________
Colgate-Palmolive Company
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 13-1815595
(State or Other Jurisdiction (IRS Employer Identification No.)
of Incorporation or Organization)
300 Park Avenue, New York, N.Y. 10022
(Address of Principal Executive Offices) (Zip Code)
___________________
COLGATE-PALMOLIVE COMPANY
EXECUTIVE INCENTIVE COMPENSATION PLAN
(Full Title of the Plan)
ANDREW D. HENDRY, Senior Vice President,
General Counsel and Secretary
Colgate-Palmolive Company
300 Park Avenue
New York, NY 10022
(Name and Address of Agent for Service)
212-310-2239
(Telephone Number, Including Area Code, of Agent For Service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Proposed Proposed
Amount Maximum Maximum Amount of
Title of Securities to to be Offering Price Aggregate Registration
be Registered Registered Per Share (1) Offering Price Fee
- ------------------------- --------------- ----------------- ----------------- -------------
<S> <C> <C> <C> <C>
Common Stock, Par Value $1
Per Share.............................. 2,500,000 shs $92.96875 $232,421,875 $64,613.28
</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee in
accordance with Rule 457(h), based on the average of the high and low per share
market price of the Common Stock for New York Stock Exchange Composite
Transactions on May 25, 1999 of $92.96875
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference
The following documents filed by the Company with the Commission under the
Securities and Exchange Act of 1934, are incorporated in this registration
statement by reference:
(1) The Company's Annual Report on Form 10-K for the year ended December
31, 1998 (File No. 1-644).
(2) The description of the Company's Common Stock contained in the
Company's Current Report on Form 8-K dated October 17, 1991.
All documents filed by the Company pursuant to Section 13(a), 13(c), 14 or
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 of 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 and superseded, to
constitute a part of this registration statement.
Item 5. Interests of Named Experts and Counsel
The legality of the shares of the Company's Common Stock offered
hereby has been passed upon by Andrew D. Hendry, Senior Vice President, General
Counsel and Secretary of the Company. As of May 20, 1999, Mr. Hendry
beneficially owned 88,114 shares of Common Stock of the Company, 8,905
restricted shares of Common Stock of the Company, and options to purchase
155,133 shares of Common Stock of the Company. As of December 31, 1998, Mr.
Hendry also beneficially owned 470 shares of Series B Convertible Preference
Stock through the Company's Savings and Investment Plan, and 373 shares of
Series B Convertible Preference Stock through the Company's Supplemental Savings
and Investment Plan.
Item 6. Indemnification of Directors and Officers
Reference is made to Section 145 of the General Corporation Law of the
State of Delaware (the "GCL"), which provides for indemnification of directors,
officers and other employees in certain circumstances, and to Section 102(b)(7)
of the GCL, which provides for the
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elimination or limitation of the personal liability for monetary damages of
directors under certain circumstances. Article Tenth of the Restated Certificate
of Incorporation of the Company, as amended, eliminates the personal liability
for monetary damages of directors under certain circumstances and provides
indemnification to directors, officers and other employees of the Company to the
fullest extent permitted by the GCL. The Company has also executed
indemnification agreements with the directors, officers and certain other
employees of the Company. Such indemnification agreements contain provisions
which purport to provide indemnification, where not limited by applicable law,
for amounts paid by such individuals in settlement of shareholder derivative
actions. Additionally, the Company maintains customary directors' and officers'
liability insurance.
Item 8. Exhibits
Exhibit
Number
- -------
<TABLE>
<S> <C>
5 -- Opinion of Andrew D. Hendry, Senior Vice President, General Counsel and
Secretary of the Company.
23(a) -- Consent of Andrew D. Hendry, Senior Vice President, General Counsel and
Secretary of the Company (included in Exhibit 5).
23(b) -- Consent of Arthur Andersen LLP, independent public accountants for the
Company.
24 -- Powers of Attorney.
</TABLE>
Item 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.
(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.
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(b) The undersigned registrant hereby undertakes that, for purposes of
determining liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 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.
(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 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 New York, State of New York on the date appearing
below.
COLGATE-PALMOLIVE COMPANY
(The Registrant)
By: /s/ Reuben Mark
----------------------------------
Reuben Mark, Chairman of the Board and
Chief Executive 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
date indicated.
<TABLE>
<CAPTION>
Signature Title Date
- ------------------------------------ ------------------------------------ ------------------------
<S> <C> <C>
Principal Executive Officer and
Director: Chairman of the Board, Chief May 25, 1999
Executive Officer and Director
/s/ Reuben Mark
- ------------------------------------
Reuben Mark
Principal Financial Officer and
Principal Accounting Officer:
/s/ Stephen C. Patrick Chief Financial Officer May 25, 1999
- ------------------------------------
Stephen C. Patrick
Directors:
Jill K. Conway*
Ronald E. Ferguson*
Ellen M. Hancock*
John P. Kendall*
Richard J. Kogan*
Reuben Mark*
Howard B. Wentz, Jr.*
*By: /s/ Stephen C. Patrick May 25, 1999
- ------------------------------------
Stephen C. Patrick
Attorney-in-Fact
</TABLE>
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Exhibit 5
May 20, 1999
Colgate-Palmolive Company
300 Park Avenue
New York, NY 10022
Re: Colgate-Palmolive Company Executive Incentive Compensation Plan
Registration Statement on Form S-8
---------------------------------------------------------------
Gentlemen:
This opinion is rendered to you in connection with the above mentioned
Registration Statement on Form S-8 (the "Registration Statement") filed with the
Securities and Exchange Commission under the Securities Act of 1933, as amended
(the "Act"), for the registration by Colgate-Palmolive Company (the "Company")
of 2,500,000 shares (the "Shares") of Common Stock, par value $1.00 per share
(the "Common Stock"), of the Company for issuance under the Company's Executive
Incentive Compensation Plan (the "Plan").
I am Senior Vice President, General Counsel and Secretary of the Company. I
or attorneys under my supervision are familiar with the Plan for which the
Shares are being registered. In rendering my opinion as to the Shares, I have
relied upon opinions delivered to the New York Stock Exchange with respect to
original issuances of Common Stock and have assumed that such Common Stock was
originally issued as contemplated by such opinions.
Based upon the foregoing, it is my opinion that the Shares have been duly
authorized and, once issued in accordance with the terms of the Plan, will be
validly issued, fully paid and non-assessable.
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I consent to the use of this opinion as Exhibit 5 to the Registration
Statement and to the reference thereto under the caption "Interests of Named
Experts and Counsel" in Part II of the Registration Statement. My consent to
such reference does not constitute an admission that I fall within the category
of persons whose consent is required under the Act.
Very truly yours,
/s/ Andrew D. Hendry
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Exhibit 23(b)
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-----------------------------------------
As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated February 2, 1999
included in Colgate-Palmolive Company's Form 10-K for the year ended December
31, 1998 and to all references to our Firm included in this registration
statement.
ARTHUR ANDERSEN LLP
New York, New York
May 20, 1999
7
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Exhibit 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Jill K. Conway, do hereby make, constitute and appoint Stephen C.
Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Jill K. Conway
--------------------
Name: Jill K. Conway
8
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Ronald E. Ferguson, do hereby make, constitute and appoint Stephen C.
Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Ronald E. Ferguson
----------------------
Name: Ronald E. Ferguson
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Ellen M. Hancock, do hereby make, constitute and appoint Stephen C.
Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Ellen M. Hancock
----------------------
Name: Ellen M. Hancock
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Reuben Mark, do hereby make, constitute and appoint Stephen C. Patrick
and Andrew D. Hendry, and each of them, as my attorneys-in-fact and agents with
full power of substitution for me and in my name, place and stead, in any and
all capacities, to execute for me and on my behalf a Registration Statement of
Colgate-Palmolive Company (the "Company") on Form S-8, or other appropriate
forms relating to the issuance, pursuant to the Colgate-Palmolive Company
Executive Incentive Compensation Plan, of up to 2,500,000 shares of Common
Stock, and any and all amendments (including post-effective amendments) to the
foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Reuben Mark
--------------------
Name: Reuben Mark
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, John P. Kendall, do hereby make, constitute and appoint Stephen C.
Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ John P. Kendall
--------------------
Name: John P. Kendall
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Richard J. Kogan, do hereby make, constitute and appoint Stephen C.
Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Richard J. Kogan
---------------------
Name: Richard J. Kogan
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, Howard B. Wentz, Jr., do hereby make, constitute and appoint Stephen
C. Patrick and Andrew D. Hendry, and each of them, as my attorneys-in-fact and
agents with full power of substitution for me and in my name, place and stead,
in any and all capacities, to execute for me and on my behalf a Registration
Statement of Colgate-Palmolive Company (the "Company") on Form S-8, or other
appropriate forms relating to the issuance, pursuant to the Colgate-Palmolive
Company Executive Incentive Compensation Plan, of up to 2,500,000 shares of
Common Stock, and any and all amendments (including post-effective amendments)
to the foregoing Registration Statement and any other documents in connection
therewith, with the Securities and Exchange Commission, 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 necessary and proper to be done in and
about the premises, as fully to all intents and purposes as I might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents and/or any of them, may lawfully do or cause to be done by virtue hereof.
In witness whereof, I have executed this Power of Attorney this 5th day
of May, 1999.
/s/ Howard B. Wentz, Jr.
-------------------------
Name: Howard B. Wentz, Jr.
14
