<PAGE>
As filed with the Securities and Exchange Commission on December 10, 1999
Registration No. 333-**
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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HILTON HOTELS CORPORATION
(Exact name of company as specified in its charter)
DELAWARE 36-2058176
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
9336 CIVIC CENTER DRIVE
BEVERLY HILLS, CALIFORNIA 90210
(Address of principal executive (Zip Code)
offices)
HILTON HOTELS
EXECUTIVE DEFERRED COMPENSATION PLAN
(Full title of the plan)
THOMAS E. GALLAGHER
EXECUTIVE VICE PRESIDENT,
CHIEF ADMINISTRATIVE OFFICER,
GENERAL COUNSEL AND SECRETARY
HILTON HOTELS CORPORATION
9336 CIVIC CENTER DRIVE
BEVERLY HILLS, CA 90210
(Name and address of agent for service)
(310) 278-4321
(Telephone number, including area code, of agent for service)
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COPY OF ALL COMMUNICATIONS TO:
ROBERT J. LICHTENSTEIN
MORGAN, LEWIS & BOCKIUS LLP
1701 MARKET STREET
PHILADELPHIA, PENNSYLVANIA 19103-2921
(215) 963-5000
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Proposed maximum Proposed maximum
Title of securities Amount to be offering price Aggregate Amount of
to be registered registered (1) per share (1) offering price (1) registration fee (1)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Plan Interests Indeterminate N/A N/A 0
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) This Registration Statement covers an indeterminate amount of plan
interests which may be offered or sold pursuant to the Hilton Hotels
Executive Deferred Compensation Plan. Pursuant to Division of Corporate
Finance Manual of Publicly available telephone interpretations, July 1997
Interpretation G68, there is no fee required where an indeterminate
number of plan interests are being registered.
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENTS
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed with the U.S. Securities and
Exchange Commission (the "Commission") by Hilton Hotels Corporation (the
"Company") (File No. 1-3427) pursuant to the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), are incorporated by reference in this Form
S-8 Registration Statement (the "Registration Statement") and made a part
hereof:
1. The Company's Annual Report on Form 10-K for the year ended
December 31, 1998 (the "1998 10-K");
2. The Company's Quarterly Report on Form 10-Q for the period
ended March 31, 1999;
3. The Company's Quarterly Report on Form 10-Q for the period
ended June 30, 1999;
4. The Company's Quarterly Report on Form 10-Q for the period
ended September 30, 1999;
5. The Company's Current Report on Form 8-K dated January 8,
1999;
6. The Company's Current Report on Form 8-K dated February 4,
1999;
7. The Company's Current Report on Form 8-K dated September 3,
1999;
8. The Company's Current Report on Form 8-K dated September 8,
1999; and
9. The Company's Current Report on Form 8-K dated December 2,
1999 (as amended by Form 8-K/A on December 6, 1999).
All documents and reports filed by the Company pursuant to
Section 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 securities offered hereby have been sold or which
deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of
filing of such documents or reports. 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
shall not be deemed to constitute a part of the Registration Statement except
as so modified and any statement so superseded shall not be deemed to
constitute a part of this Registration Statement.
INDEPENDENT ACCOUNTANTS
The financial statements and schedules incorporated by
reference in this prospectus and elsewhere in the registration statement to
the extent and for the periods indicated in their reports 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 accounting and auditing in giving said
reports.
ITEM 4. DESCRIPTION OF SECURITIES.
Not Applicable
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not Applicable
<PAGE>
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law authorizes
a court to award, or a corporation's board of directors to grant, indemnity
to directors and officers in terms sufficiently broad to permit such
indemnification under certain circumstances for liabilities (including
reimbursement for expenses incurred) arising under the Securities Act. The
Company's Certificate of Incorporation and By-laws provide for
indemnification of its directors, officers, employees and other agents to the
maximum extent permitted by the Delaware General Corporation Law. In
addition, the Company has entered into Indemnification Agreements with its
executive officers and directors. The Company has also purchased and
maintained insurance for its officers, directors, employees or agents against
liabilities which an officer, a director, an employee or an agent may incur
in his capacity as such.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not Applicable
ITEM 8. EXHIBITS.
<TABLE>
<CAPTION>
EXHIBIT NUMBERS EXHIBIT
-----------------------------------------------------------------------------------------------
<S> <C>
4 Certificate of Incorporation and By-laws of Hilton Hotels Corporation
(incorporated by reference to the Company's Annual Report on Form 10-K
for the year ended December 31, 1998)
5.1 Opinion of Morgan Lewis & Bockius LLP
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Morgan Lewis & Bockius LLP (included as part of Exhbit 5.1)
24 Power of Attorney (included as part of the signature page)
99.1 Hilton Hotels Corporation Executive Deferred Compensation Plan
(incorporated by reference to the Company's Quarterly Report on Form 10-Q
for the period ended June 30, 1999)
</TABLE>
ITEM 9. UNDERTAKINGS.
The undersigned 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;
(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;
<PAGE>
and
(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 subparagraphs (a)(1)(i) and (a)(1)(ii) of
this section do not apply if the information required to be
included in a post-effective amendment by those subparagraphs is
contained in periodic reports filed with or furnished to the
Commission by the Company 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, 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; and
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered that remain
unsold at the termination of the offering.
The undersigned company hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Company's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act that is incorporated by reference in this 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 may be permitted to directors, officers and controlling
persons of the Company pursuant to the foregoing provisions, or otherwise,
the Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Company of expenses incurred or paid by a director, officer or controlling
person of the Company 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 Company 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
Securities Act and will be governed by the final adjudication of such issue.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Company 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 Beverly Hills, State of California on this 8th
day of December, 1999.
HILTON HOTELS CORPORATION
By: /s/ THOMAS E. GALLAGHER
---------------------------------------------
Name: Thomas E. Gallagher
Title: Executive Vice President,
Chief Administrative Officer, General
Counsel and Secretary
Pursuant to the requirements of the Securities Act, this
Registration Statement has been signed below as of the 8th day of December,
1999 by or on behalf of the following persons in the capacities indicated.
Each person, in so signing, also makes, constitutes and appoints
Thomas E. Gallagher his true and lawful attorney-in-fact, in his name, place
and stead to execute and cause to be filed with the Securities and Exchange
Commission any or all amendments to this Registration Statement, with all
exhibits and any and all documents required to be filed with respect thereto,
and to do and perform each and every act and thing necessary to effectuate
the same.
<TABLE>
<CAPTION>
Name Title
- ---- -----
<S> <C>
/s/ STEPHEN F. BOLLENBACH President, Chief Executive Officer
- ------------------------------- and Director
Stephen F. Bollenbach
/s/ A. STEVEN CROWN
- ------------------------------- Director
A. Steven Crown
/s/ THOMAS E. GALLAGHER Executive Vice President, Chief
- ------------------------------- Administrative Officer, General
Thomas E. Gallagher Counsel and Secretary
/s/ PETER M. GEORGE
- ------------------------------- Director
Peter M. George
/s/ ARTHUR M. GOLDBERG
- ------------------------------- Director
Arthur M. Goldberg
<PAGE>
/s/ MATTHEW J. HART Executive Vice President, Chief
- ------------------------------- Chief Financial Officer and Treasurer
Matthew J. Hart
/s/ BARRON HILTON
- ------------------------------- Chairman of the Board
Barron Hilton
/s/ DIETER H. HUCKESTEIN
- ------------------------------- Director
Dieter H. Huckestein
/s/ ROBERT L. JOHNSON
- ------------------------------- Director
Robert L. Johnson
/s/ ROBERT M. LA FORGIA Senior Vice President and
- ------------------------------- Controller (Chief Accounting Officer)
Robert M. La Forgia
/s/ BENJAMIN V. LAMBERT
- ------------------------------- Director
Benjamin V. Lambert
/s/ JOHN L. NOTTER
- ------------------------------- Director
John L. Notter
/s/ JUDY L. SHELTON
- ------------------------------- Director
Judy L. Shelton
/s/ DONNA F. TUTTLE
- ------------------------------- Director
Donna F. Tuttle
/s/ SAM D. YOUNG, JR.
- ------------------------------- Director
Sam D. Young, Jr.
</TABLE>
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBERS EXHIBIT
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<S> <C>
4 Certificate of Incorporation and By-laws of Hilton Hotels Corporation,
Inc. (incorporated by reference to the Company's Annual Report on Form 10-K
for the year ended December 31, 1998)
5.1 Opinion of Morgan Lewis & Bockius LLP
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Morgan, Lewis & Bockius LLP (included as part of Exhibit 5.1)
24 Power of Attorney (included as part of the signature page)
99.1 Hilton Hotels Corporation Executive Deferred Compensation Plan
(incorporated by reference to the Company's Quarterly Report on Form 10-Q
for the period ended June 30, 1999)
</TABLE>
<PAGE>
EXHIBIT 5.1
December 3, 1999
Hilton Hotels Corporation
9336 Civic Center Drive
Beverly Hills, CA 90210
Ladies/Gentlemen:
We have acted as counsel for Hilton Hotels Corporation, a Delaware
corporation, (the "Company") in connection with the proposed filing with the
Securities and Exchange Commission under the Securities Act of 1933, as
amended, of a Registration Statement on Form S-8 (the "Registration
Statement") for the purpose of registering an indeterminate number of
Deferred Compensation Obligations which represent unsecured obligations of
the Company to pay deferred compensation in accordance with the terms of the
Hilton Hotels Corporation Executive Deferred Compensation Plan (the "Plan").
We have examined such records and have made such examination of law as we
deem appropriate in connection with rendering such opinion.
Based upon the foregoing, we advise you that, in our opinion, when issued in
accordance with the provisions of the Plan, the Deferred Compensation
Obligations will be valid and binding obligations of the Company, enforceable
in accordance with their terms except as enforcement thereof may be limited
by bankruptcy, insolvency or other laws of general applicability relating to
or affecting enforcement of creditors' rights or general equity principles.
The opinion set forth above is limited to the laws of the State of Delaware.
We consent to the filing of this opinion as an Exhibit to the Registration
Statement. In giving this consent we do not admit that we are in the category
of persons whose consent is required under section 7 of the Securities Act of
1933 or the rules and regulations of the Securities and Exchange Commission
thereunder.
Very truly yours,
/s/ Morgan, Lewis & Bockius LLP
- -------------------------------
Morgan, Lewis & Bockius LLP
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Form S-8 Registration Statement, of our report on the
consolidated financial statements of Hilton Hotels Corporation dated February
5, 1999, included with Hilton Hotels Corporation's Form 10-K for the year
ended December 31, 1998 and to all references to our firm included in this
Registration Statement.
/s/ Arthur Andersen LLP
-----------------------
ARTHUR ANDERSEN LLP
Los Angeles, California
December 3, 1999
