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As filed with the Securities and Exchange Commission on May 4, 2000
Registration No. 333-_____
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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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HILTON HOTELS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-2058176
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
9336 Civic Center Drive
Beverly Hills, California 90210
(Address of Principal Executive Offices) (Zip Code)
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PROMUS RETIREMENT SAVINGS PLAN
(Full title of the plan)
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Thomas E. Gallagher
Executive Vice President, Chief Administrative
Officer and General Counsel
Hilton Hotels Corporation
9336 Civic Center Drive
Beverly Hills, California 90210
(Name and address of agent for service)
(310) 278-4321
(Telephone Number, Including Area Code, of Agent For Service)
CALCULATION OF REGISTRATION FEE
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<CAPTION>
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Proposed Proposed
Maximum Maximum Amount of
Title of Securities Amount to be Offering Price Aggregate Registration
to be Registered Registered Per Share (1) Offering Price (1) Fee
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<S> <C> <C> <C> <C>
Common Stock,
$2.50 par value (including
associated Preferred Share
Purchase Rights) 1,000,000 $8.09375 $8,093,750 $2,136.75
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Interests in the Plan (2) n/a n/a (2)
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Page 1 of 9 pages
Exhibit Index appears on Page 9
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(1) Estimated pursuant to Rule 457(h)(1) for purposes of computing the
registration fee based upon the average of the high and low prices of
Hilton Hotels Corporation Common Stock on the New York Stock Exchange
Composite Tape on May 3, 2000.
(2) Pursuant to Rule 416(c), this Registration Statement registers an
indeterminate amount of interests in the Promus Retirement Savings Plan.
Pursuant to Rule 457(h)(2), no registration fee is required with respect
to the interests in the Plan.
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PART I
ITEM 1. PLAN INFORMATION
Not required to be filed with this Registration Statement.
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION
Not required to be filed with this Registration Statement.
PART II
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, a Delaware
corporation (the "Company"), (File No. 1-3427) pursuant to the Securities
Exchange Act of 1934 (the "Exchange Act"), are incorporated by reference in this
Registration Statement and made a part hereof:
A. The Company's Annual Report on Form 10-K for the year ended
December 31, 1999;
B. Current Report on Form 8-K/A dated February 14, 2000;
C. Description of the Company's Common Stock included in a
Registration Statement on Form 8-A filed with the Commission
on May 18, 1986; and
D. Description of Preferred Share Purchase Rights included in a
Registration Statement on Form 8-A filed with the Commission
on December 1, 1999.
All documents and reports filed by the Company or the Promus Retirement
Savings Plan (the "Plan") 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 registration statement and the related prospectus to the extent and for the
periods indicated in their report have been audited by Arthur Andersen LLP,
independent public accountants, as indicated in their report 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.
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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 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 of 1933
(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 or her capacity as such.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
Reference is made to the Index to Exhibits immediately preceding the
exhibits to this Registration Statement.
The Company will submit or has submitted the Plan and any amendment
thereto to the Internal Revenue Service ("IRS") in a timely manner, and has made
or will make all changes required by the IRS in order to qualify the Plan under
Section 401 of the Internal Revenue Code.
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; and
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(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 (1)(i) and (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 annual
report of the Company or the Plan 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.
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SIGNATURES
THE REGISTRANT. Pursuant to the requirements of the Securities Act, 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 the City of Beverly Hills, State of California, on this 4th day
of May, 2000.
HILTON HOTELS CORPORATION
By: /s/ MATTHEW J. HART
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Matthew J. Hart
Executive Vice President and
Chief Financial Officer
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POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed below as of the 4th day of May, 2000 by or on behalf
of the following persons in the capacities indicated.
Each such person, in so signing, also makes, constitutes and appoints
Thomas E. Gallagher and Matthew J. Hart, or either of them, with full power of
substitution and resubstitution, such person's 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.
/s/ STEPHEN F. BOLLENBACH /s/ ROBERT M. LA FORGIA
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Stephen F. Bollenbach Robert M. La Forgia
President, Chief Executive Officer Senior Vice President and Controller
and Director (Chief Accounting Officer)
/s/ A. STEVEN CROWN /s/ BENJAMIN V. LAMBERT
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A. Steven Crown Benjamin V. Lambert
Director Director
/s/ PETER M. GEORGE /s/ JOHN H. MYERS
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Peter M. George John H. Myers
Director Director
/s/ ARTHUR M. GOLDBERG /s/ JOHN L. NOTTER
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Arthur M. Goldberg John L. Notter
Director Director
/s/ MATTHEW J. HART /s/ JUDY L. SHELTON
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Matthew J. Hart Judy L. Shelton
Executive Vice President and Director
Chief Financial Officer
/s/ BARRON HILTON /s/ DONNA F. TUTTLE
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Barron Hilton Donna F. Tuttle
Chairman of the Board Director
/s/ DIETER H. HUCKESTEIN /s/ PETER V. UEBERROTH
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Dieter H. Huckestein Peter V. Ueberroth
Director Director
/s/ ROBERT L. JOHNSON /s/ SAM D. YOUNG, JR.
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Robert L. Johnson Sam D. Young, Jr.
Director Director
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THE PLAN. Pursuant to the requirements of the Securities Act,
the Committee appointed under the Plan has duly caused this Registration
Statement to be signed on behalf of the Plan by the undersigned, thereunto duly
authorized, in the City of Memphis, State of Tennessee, on May 4, 2000.
PROMUS RETIREMENT SAVINGS PLAN
By: PROMUS RETIREMENT SAVINGS PLAN
ADMINISTRATIVE COMMITTEE
By: /s/ KELLY JENKINS
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Kelly Jenkins, Committee Member
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INDEX TO EXHIBITS
4.1 Restated Certificate of Incorporation of the Company, as
amended (incorporated herein by reference from Exhibit 4.1 to
the Company's Registration Statement on Form S-3 (File No.
333-18523))
4.2 Amendment to Restated Certificate of Incorporation of the
Company, relating to Exhibit 4.1 hereto (incorporated herein
by reference from Exhibit 3.1 to the Company's Quarterly
Report on Form 10-Q for the period ended June 30, 1997)
4.3 Amendment to Restated Certificate of Incorporation of the
Company, relating to Exhibits 4.1 and 4.2 hereto (incorporated
herein by reference from Appendix F to the Company's
Registration Statement on Form S-4 (File No. 333-89437))
4.4 Certificate of Designations of Series A Junior Participating
Preferred Stock of Hilton Hotels Corporation dated November
24, 1999 (incorporated herein by reference from Exhibit 2 to
the Company's Registration Statement on Form 8-A, dated
December 1, 1999)
4.5 By-Laws of the Company, as amended (incorporated herein by
reference from Exhibit 4.2 to the Company's Registration
Statement on Form S-3 (File No. 333-18523))
4.6 Amendment to By-Laws of the Company, relating to Exhibit 4.5
hereto (incorporated herein by reference from Exhibit 3.4 to
the Company's Annual Report on Form 10-K for the year ended
December 31, 1998)
4.7 Amendment to By-Laws of the Company, relating to Exhibits 4.5
and 4.6 hereto (incorporated herein by reference from Appendix
G to the Company's Registration Statement on Form S-4 (File
No. 333-89437))
4.8 Rights Agreement, dated as of November 29, 1999, between the
Company and ChaseMellon Shareholder Services, L.L.C., as
Rights Agent (incorporated herein by reference from Exhibit 1
to the Company's Registration Statement on Form 8-A, dated
December 1, 1999)
5.1 Legal opinion not included since only previously issued and
outstanding shares will be delivered under the Plan.
23.1 Consent of Arthur Andersen LLP
24.1 Powers of Attorney (included on signature pages hereof)
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EXHIBIT 23.1
REPORT 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 3, 2000, included with Hilton Hotels Corporation's Form 10-K for the
year ended December 31, 1999 and to all references to our Firm included in this
Registration Statement.
ARTHUR ANDERSEN LLP
Los Angeles, California
May 4, 2000
