Registration Statement No. 33-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
FEDERAL SIGNAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-1063330
(State or other jurisdiction of (I.R.S. Employer ID No.)
incorporation or organization)
1415 West 22nd Street, Suite 1100, Oak Brook, Illinois 60521
(Address of Principal Executive Offices) (Zip Code)
FEDERAL SIGNAL CORPORATION STOCK BENEFIT PLAN
(Full title of the plans)
KIM A. WEHRENBERG
Vice President, General Counsel and Secretary
Federal Signal Corporation
1415 West 22nd Street, Suite 1100, Oak Brook, Illinois 60521
(Name and address of agent for service)
(630) 954-2000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Proposed Proposed
Title of maximum maximum
securities Amount offering aggregate Amount of
to be to be price per offering registra-
registered registered (1) unit (2) price (2) tion fee
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| Common Stock | 1,000,000 | $24.69 | $24,690,000 | $7,481.82 |
| | | | | |
| | | | | |
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(1) Preferred Share Purchase Rights (the "Rights") which are attached to and
trade with the Common Stock are also registered under this Registration
Statement. Any value attributable to the Rights is reflected in the market
price of the Common Stock.
(2) Pursuant to Rule 457(h), the maximum offering price (estimated solely for
the purpose of calculating the registration fee) was calculated to be
$24.69 upon the basis of the average of the high and low prices of the
Common Stock reported on the consolidated reporting system on October 9,
1996.
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, the
Registration Statement also covers an indeterminate amount of interests to be
offered or sold pursuant to the employee benefit plan described herein.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Not required to be filed with the Commission either as part of the
registration statement or prospectus.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed with the Commission (File No. 1-6003) under
the Securities Exchange Act of 1934 (the "Exchange Act") are incorporated herein
by reference:
(a) The Registrant's latest annual report on Form 10-K for the year ended
December 31, 1995 and the latest annual report for the Plan on Form 11-K.
(b) The Registrant's latest quarterly reports on Form 10-Q for the fiscal
quarters ending March 31, 1996 and June 30, 1996;
(c) The description of the Rights contained in the Company's registration
Statement on Form 8-A filed on July 7, 1988 and Form S-8 filed on July 9, 1992.
(d) The description of the approval of the Stock Benefit Plan and a
description of the Stock Benefit Plan contained in the Proxy Statement for
Annual Meeting of Shareholders filed on March 8, 1996.
(e) All documents filed by Registrant subsequent to the date of this
registration statement 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 the registration statement and to be part thereof
from the date of filing 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 statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this registration
statement.
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Item 6. Indemnification of Directors and Officers
Reference is made to the Delaware General Corporation law which provides
for indemnification of directors and officers in certain circumstances. Under
Article Fifth and Fourteenth of Federal Signal's Certificate of Incorporation
and Article VI of its By-Laws, provisions are made for indemnification of
Federal Signal's officers and directors under certain circumstances, which
provisions may be significantly broad to permit indemnification for liabilities
arising under the Securities Act of 1933, as amended. Federal Signal has
purchased a comprehensive directors' and officers' liability insurance policy
with a policy limit of $25,000,000.
Item 8. Exhibits
_ Opinion Re: Legality
_ Consents of Experts and Counsel
Consent of Ernst & Young dated October 15, 1996.
_ Power of Attorney
Included on page 5 of this Registration Statement.
Item 9. Undertakings
The Undersigned registrant hereby undertakes:
(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 thee initial bona
fide offering thereof; and
(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; and
(b) 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.
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
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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.
SIGNATURES
The Registrant. 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 Village of Oak Brook, State of Illinois, on October 7,
1996.
FEDERAL SIGNAL CORPORATION
By: /s/ Joseph J. Ross
Joseph J. Ross
Chairman, President and
Chief Executive Officer
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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.
Each person whose signature appears below constitutes and appoints Joseph
J. Ross and Kim A. Wehrenberg, and each of them, his true and lawful
attorney-in-fact and agent, each acting alone, with full powers of substitution
and resubstitution, for him and his name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective amendments)
and supplements to this Registration Statement and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, each acting alone, full power and authority to do and perform each and
every act and thing requisite and necessary to be done to file such Registration
Statement and amendments, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, each acting alone, or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Signature Title Date
/s/ Vice President and Chief 10/7/96
Henry L. Dykema Financial Officer
/s/ Controller (Principal 10/7/96
Richard L. Ritz Accounting Officer)
/s/ Director 10/7/96
J. Patrick Lannan, Jr.
/s/ Director 10/7/96
James A. Lovell, Jr.
/s/ Director 10/7/96
Thomas N. McGowen, Jr.
/s/ Director 10/7/96
Walter R. Peirson
/s/ Director 10/7/96
Joseph J. Ross
/s/ Director 10/7/96
Richard R. Thomas
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The Plan. Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the employee benefit plans) have duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Oak Brook, State of
Illinois on October 7, 1996.
THE FEDERAL SIGNAL CORPORATION
STOCK BENEFIT PLAN
By: /s/
Kim A. Wehrenberg
Its: Attorney-in-Fact for the Plan
Administrative Committee
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Exhibit 2
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in this Registration Statement on
Form S-8 pertaining to the 1995 Stock Benefit Plan of Federal Signal Corporation
of our report dated January 23, 1996, with respect to the consolidated financial
statements and schedule of Federal Signal Corporation incorporated by reference
in its Annual Report (Form 10-K) for the year ended December 31, 1995 filed with
the Securities and Exchange Commission.
/s/ ERNST & YOUNG
Chicago, Illinois
October 15, 1996
Exhibit 1 - Legal Opinion
KIM A. WEHRENBERG
Vice President, General Counsel
and Secretary
October 7, 1996
Federal Signal Corporation
1415 W. 22nd Street
Oak Brook, IL 60521
Gentlemen:
Referring to the accompanying Registration Statement on From S-8 relating to the
registration of 1,000,000 shares for "The Federal Signal Corporation Stock
Benefit Plan" (the "Plan"), I am of the opinion that:
1. Federal Signal Corporation is a validly organized and
existing corporation under the laws of the State of Delaware.
2. All necessary corporate action has been duly taken to authorize the
establishment of the Plan and issuance of up to 1,000,000 shares under the Plan.
3. The shares of Federal Signal Corporation Common Stock issuable upon the
exercise of options or granting of stock awards have been duly authorized and
reserved for issuance, and when issued and delivered in accordance with the
terms of the Plan and grants made thereunder, will be legally issued, fully paid
and nonassessable shares of Common Stock of Federal Signal Corporation.
I hereby consent to the filing of this opinion with the Securities and Exchange
Commission in connection with the Registration Statement referred to above, and
the use of my name in the Prospectus under Legal Opinion which is included in
the Registration Statement.
Very truly yours,
Kim A. Wehrenberg
KAW:ln
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