<PAGE>
As filed with the Securities and Exchange Commission on April 24, 1998
Registration No. 333-
- -------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
----------------------
ECOLAB INC.
(Exact name of registrant as specified in its charter)
DELAWARE 41-0231510
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
----------------------
Ecolab Center
370 North Wabasha Street
St. Paul, Minnesota 55102
(612) 293-2233
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive
offices)
----------------------
ECOLAB K.K.
EMPLOYEE STOCK PURCHASE ASSOCIATION
(Full title of the plan)
----------------------
KENNETH A. IVERSON
VICE PRESIDENT AND SECRETARY
ECOLAB INC.
ECOLAB CENTER
370 NORTH WABASHA STREET
ST. PAUL, MINNESOTA 55102
(612) 293-2125
(Name and address, including zip code, and telephone
number, including area code, of agent for service)
----------------------
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
IMMEDIATELY UPON THE FILING OF THIS REGISTRATION STATEMENT
<TABLE>
<CAPTION>
----------------------
CALCULATION OF REGISTRATION FEE
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
TITLE OF SECURITIES TO AMOUNT TO BE PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
BE REGISTERED REGISTERED OFFERING PRICE PER SHARE(1) AGGREGATE OFFERING PRICE(1) REGISTRATION FEE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, par value
$1.00 per share(2) . . . 75,000 shares $ 30.34375 $ 2,275,781.25 $ 671.36
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Estimated solely for the purpose of calculating the amount of the
registration fee pursuant to Rule 457(h) under the Securities Act of 1933,
as amended, on the basis of the average between the high and low reported
sale prices of the Registrant's Common Stock on April 20, 1998 as reported
on the New York Stock Exchange.
(2) Each share of Common Stock includes one-half share of an associated
preferred stock purchase right (a "Right").
- --------------------------------------------------------------------------------
<PAGE>
PART II
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Ecolab Inc. (the "Company" or the
"Registrant") (File No. 1-9328) with the Securities and Exchange Commission (the
"Commission") are incorporated by reference in this Registration Statement: (1)
Annual Report on Form 10-K for the year ended December 31, 1997; (2) all other
reports filed by the Company pursuant to Sections 13(a) or 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), since December
31, 1997; and (3) the descriptions of the Company's Common Stock, Preferred
Stock and Rights contained in its Registration Statements on Form 8-A, including
any amendments or reports filed for the purpose of updating such descriptions.
All documents filed by the Company with the Commission pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this
Registration Statement and prior to the filing of a post-effective amendment
which indicates that all shares of Common Stock offered pursuant to this
Registration Statement have been sold or that de-registers all shares of Common
Stock 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.
The consolidated financial statements and related financial statement
schedule of the Company, which are included or incorporated by reference in the
Company's Annual Report on Form 10-K for the year ended December 31, 1997, and
incorporated by reference in this Registration Statement, have been audited by
Coopers & Lybrand L.L.P., independent accountants, for the periods indicated in
such firm's reports thereon. The consolidated financial statements and
financial statement schedule audited by Coopers & Lybrand L.L.P. have been
incorporated herein by reference in reliance on such firm's reports given upon
their authority as experts in accounting and auditing. To the extent that
Coopers & Lybrand L.L.P. examines and reports on the financial statements and
financial statement schedules of the Company issued at future dates, and
consents to the use of their reports thereon, such financial statements and
financial statement schedules will also be incorporated by reference in the
Registration Statement in reliance upon their reports and said authority.
In addition, the combined financial statements and financial statement
schedule of the Henkel-Ecolab Joint Venture, which are included in the
Company's Annual Report on Form 10-K for the year ended December 31, 1997,
and incorporated by reference in this Registration Statement, have been
audited by KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftsprufungsgesellschaft, independent accountants, for the periods
indicated in such firm's reports thereon. The combined financial statements
and financial statement schedule audited by KPMG Deutsche
Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprufungsgesellschaft have
been incorporated herein by reference in reliance on such firm's reports
given upon their authority as experts in accounting and auditing. To the
extent that KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftsprufungsgesellschaft examines and reports on the financial
statements and the financial statement schedules of the Henkel-Ecolab Joint
Venture issued at future dates, and consents to the use of their reports
thereon, such financial statements and financial statement schedules will
also be incorporated by reference in the Registration Statement in reliance
upon their reports and said authority.
2
<PAGE>
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable - the Company's Common Stock and Rights to be offered
pursuant to this Registration Statement have been registered under Section 12 of
the Exchange Act as described in Item 3 of this Part II.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Subsection (a) of Section 145 of the General Corporation Law of Delaware
("DGCL") empowers a corporation to indemnify any person who was or is a party or
is threatened to be made a party 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 the corporation), by reason of the
fact that such person is or was a director, officer, employee or agent of the
corporation or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation or enterprise,
against 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 person 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 person's conduct was
unlawful.
Subsection (b) of Section 145 empowers a corporation to indemnify any
person who was or is a party or threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor by reason of the fact that such person acted in
any of the capacities set forth above, against expenses actually and reasonably
incurred by such person in connection with the defense or settlement of such
action or suit if such person acted under similar standards, except that no
indemnification may be made in respect of any claim, issue or matter as to which
such person shall have been adjudged to be liable to the corporation unless and
only to the extent that the Court of Chancery or the court in which such action
or suit was brought shall determine that, despite the adjudication of liability,
such person is fairly and reasonably entitled to indemnity for such expenses
which the court shall deem proper.
Section 145 further provides that, to the extent a director or officer of
a corporation has been successful in the defense of any action, suit or
proceeding referred to in subsections (a) and (b) or in the defense of any
claim, issue or matter therein, such person shall be indemnified against
expenses (including attorneys' fees) actually and reasonably incurred in
connection therewith; that indemnification provided for by Section 145 shall not
be deemed exclusive of any other rights to which the indemnified party may be
entitled; and that the scope of indemnification extends to directors, officers,
employees or agents of a constituent corporation absorbed in a consolidation or
merger and persons serving in that capacity at the request of the constituent
corporation for another. Section 145 also empowers the corporation to purchase
and maintain insurance on behalf of a director or officer of the corporation
against any liability asserted against or incurred by such person in any such
capacity or arising out of such person's status as such, whether or not the
corporation would have the power to indemnify such person against such
liabilities under Section 145, including liabilities under the Securities Act.
Article V of the Company's By-Laws provides for indemnification of the
Company's officers and directors to the full extent allowed by Delaware law.
3
<PAGE>
In addition, Article IV of the Company's Restated Certificate of
Incorporation provides that the Company's directors do not have personal
liability to the Company or its stockholders for monetary damages for any breach
of their fiduciary duty as directors, except (i) for a breach of the duty of
loyalty, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or knowing violation of the law, (iii) for willful or
negligent violations of certain provisions under the DGCL imposing certain
requirements with respect to stock repurchases, redemptions and dividends, or
(iv) for any transaction from which the director derived an improper personal
benefit. Subject to these exceptions, under Article IV, directors do not have
any personal liability to the Company or its stockholders for any violation of
their fiduciary duty.
The Company has directors and officers liability insurance which protects
each director or officer from certain claims and suits, including stockholder
derivative suits, even where the director may be determined to not be entitled
to indemnification under the DGCL and claims and suits arising under the
Securities Act. The policy may also afford coverage under circumstances where
the facts do not justify a finding that the director or officer acted in good
faith and in a manner that was in or not opposed to the best interests of the
Company.
The Company has entered into indemnification agreements with each of its
directors (the "Indemnification Agreements"). The Indemnification Agreements
provide for the prompt indemnification "to the fullest extent permitted by law"
and for the prompt advancement of expenses, including attorneys' fees and other
costs, expenses and obligations paid or incurred in connection with
investigating, defending, being a witness or participating in (including on
appeal) any threatened, pending or completed action, suit or proceeding related
to the fact that such director is or was a director, officer, employee, trustee,
agent or fiduciary of the Company or is or was serving at the request of the
Company as a director, officer, employee, trustee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan trust or other
enterprise, or by reason of anything done or not done by a director in any such
capacity. The Indemnification Agreements further provide that the Company has
the burden of proving that a director is not entitled to indemnification in any
particular case.
The foregoing represents a summary of the general effect of the DGCL, the
Company's By-Laws and Restated Certificate of Incorporation, the Company's
directors and officers liability insurance coverage and the Indemnification
Agreements for purposes of general description only.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable - no securities are to be re-offered or resold pursuant to
this Registration Statement.
ITEM 8. EXHIBITS.
4.1 Restated Certificate of Incorporation of the Company (incorporated by
reference to Exhibit (3) to the Company's Current Report on Form 8-K
dated October 22, 1997 (File No. 1-9328)).
4.2 Bylaws of the Company, as amended through February 20, 1998 (incorporated
by reference to Exhibit (3)B to the Company's Annual Report on Form 10-K
for the year ended December 31, 1997 (File No. 1-9328)).
4.3 Form of Common Stock Certificate (incorporated by reference to Exhibit
4(B) to the Company's Annual Report on Form 10-K for the year ended
December 31, 1995 (File No. 1-9328)).
4.4 Rights Agreement, dated as of February 24, 1996, between the Company and
First Chicago Trust Company of New York, as Rights Agent (incorporated
by reference to Exhibit 4 to the Company's Current Report on Form 8-K
dated February 24, 1996 (File No. 1-9328)).
23.1 Consent of Coopers & Lybrand L.L.P. (filed herewith electronically).
4
<PAGE>
23.2 Consent of KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft (filed
herewith electronically).
24.1 Powers of Attorney (filed herewith electronically).
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:
(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 decrease 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) under the Securities
Act of 1933 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 with or furnished to the Commission by the
Registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 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) 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
5
<PAGE>
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, 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 Securities Act of 1933 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.
6
<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 St. Paul, State of Minnesota, on April 24, 1998.
ECOLAB INC.
By: /s/Allan L. Schuman
----------------------------------------
Allan L. Schuman
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed on April 24, 1998 by the following
persons in the capacities indicated.
/s/Allan L. Schuman President and Chief Executive Officer
- --------------------------------------- (Principal Executive Officer)
Allan L. Schuman and Director
/s/Michael E. Shannon Chairman of the Board, Chief Financial
- --------------------------------------- and Administrative Officer (Principal
Michael E. Shannon Financial Officer) and Director
/s/Arthur E. Henningsen, Jr. Senior Vice President and Controller
- --------------------------------------- (Principal Accounting Officer)
Arthur E. Henningsen, Jr.
/s/Kenneth A. Iverson Directors
- ---------------------------------------
Kenneth A. Iverson, as attorney-in-fact
for Ruth S. Block, James J. Howard,
Joel W. Johnson, Jerry W. Levin, Reuben
F. Richards, Richard L. Schall, Roland
Schulz, Philip L. Smith, Hugo
Uyterhoeven and Albrecht Woeste
Director not signing: Les S. Biller
7
<PAGE>
<TABLE>
<CAPTION>
INDEX TO EXHIBITS
------------------
ITEM DESCRIPTION METHOD OF FILING
NO. ----------- ----------------
---
<S> <C> <C>
4.1 Restated Certificate of Incorporation
of the Company........................ Incorporated by reference to
Exhibit (3) to the Company's
Current Report on Form 8-K
dated October 22, 1997 (File
No. 1-9328).
4.2 Bylaws of the Company, as amended
through February 20, 1998............. Incorporated by reference to
Exhibit (3)B to the Company's
Annual Report on Form 10-K for
the year ended December 31
1997(File No. 1-9328).
4.3 Form of Common Stock Certificate...... Incorporated by reference to
Exhibit 4(B) to the Company's
Annual Report on Form 10-K for
the year ended December 31,
1995 (File No. 1-9328).
4.4 Rights Agreement, dated as of February
24, 1996, between the Company and
First Chicago Trust Company of New
York, as Rights Agent................. Incorporated by reference to
Current Report on Form 8-K
Current Report on Form 8-K
Current Report on Form 8-K
dated February 24, 1996 (File
No. 1-9328).
23.1 Consent of Coopers & Lybrand L.L.P.... Filed herewith electronically.
23.2 Consent of KPMG Deutsche Treuhand-
Gesellschaft Aktiengesellschaft........ Filed herewith electronically.
24.1 Powers of Attorney..................... Filed herewith electronically.
</TABLE>
8
<PAGE>
Exhibit 23.1
CONSENT OF COOPERS & LYBRAND L.L.P.
We consent to the incorporation by reference in this Registration Statement of
Ecolab Inc. on Form S-8 of our reports dated February 23, 1998, on our audits of
the consolidated financial statements and related financial statement schedule
of Ecolab Inc. as of December 31, 1997, 1996 and 1995 and for the years ended
December 31, 1997, 1996 and 1995, which reports are included or incorporated by
reference in Ecolab Inc.'s Annual Report on Form 10-K for the year ended
December 31, 1997. We also consent to the references to our firm under the
caption "Incorporation of Documents by Reference."
/s/Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
Saint Paul, Minnesota
April 24, 1998
<PAGE>
EXHIBIT 23.2
CONSENT OF KPMG DEUTSCHE TREUHAND-GESELLSCHAFT
AKTIENGESELLSCHAFT
We consent to the incorporation by reference in this Registration Statement on
Form S-8 of our report dated January 23, 1998, on our audit of the combined
financial statements and schedule of the Henkel-Ecolab Joint-Venture as of
November 30, 1997, 1996 and 1995 and for the periods beginning December 1, 1996,
1995 and 1994 and ended November 30, 1997, 1996 and 1995, which report is
included in Ecolab Inc.'s Annual Report on Form 10-K for the year ended December
31, 1997. We also consent to the reference to our firm under the heading
INCORPORATION OF DOCUMENTS BY REFERENCE.
Dusseldorf, Germany
April 24, 1998
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprufungsgesellschaft
/s/Stefan Haas /s/Bernard Momken
Stefan Haas Bernard Momken
Wirtschaftsprufer Wirtschaftsprufer
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Ruth Block
---------------------------------------
Ruth Block
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ James J. Howard
---------------------------------------
James J. Howard
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Joel W. Johnson
---------------------------------------
Joel W. Johnson
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Jerry W. Levin
---------------------------------------
Jerry W. Levin
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Reuben F. Richards
---------------------------------------
Reuben F. Richards
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Roland Schulz
---------------------------------------
Roland Schulz
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 16th day of
February, 1998.
/s/ Richard L. Schall
---------------------------------------
Richard L. Schall
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 17th day of
March, 1998.
/s/ Philip L. Smith
---------------------------------------
Philip L. Smith
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Hugo Uyterhoeven
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Hugo Uyterhoeven
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, a Director of Ecolab
Inc., a Delaware corporation, does hereby make, nominate and appoint ALLAN L.
SCHUMAN, MICHAEL E. SHANNON, KENNETH A. IVERSON, and each of them, to be my
attorney-in-fact, with full power and authority to sign his name to a
Registration Statement on Form S-8 relating to the registration of not more than
75,000 shares of Ecolab Inc. Common Stock, par value $1 per share, and Preferred
Stock Purchase Rights associated with the Common Stock, for the Ecolab K.K.
Employee Stock Purchase Association, and any and all amendments thereto,
provided that the Registration Statement and any amendments thereto, in final
form, be approved by said attorney-in-fact; and his name, when thus signed,
shall have the same force and effect as though I had manually signed said
document or documents.
IN WITNESS WHEREOF, I have hereunto affixed my signature this 20th day of
February, 1998.
/s/ Albrecht Woeste
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Albrecht Woeste
