As filed with the Securities and Exchange Commission on
January 8, 1997
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
INGERSOLL-RAND COMPANY
(Exact name of Registrant as specified in its charter)
New Jersey 13-5156640
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
P.O. Box 8738
Woodcliff Lake, NJ 07675
(Address, including zip code, of Registrant's principal
executive office)
Executive Deferred Compensation
and Stock Bonus Plan
Directors Deferred Compensation
and Stock Award Plan
(Full title of the Plan)
Patricia Nachtigal, Esq.
Vice President and General Counsel
Ingersoll-Rand Company
P.O. Box 8738
Woodcliff Lake, New Jersey 07675
(201) 573-0123
(Name, address, including zip code, and telephone number,
including area code, of Registrant's agent for service)
Copies to:
James M. Cotter, Esq.
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, New York 10017-3954
(212) 455-2000
CALCULATION OF REGISTRATION FEE
Proposed
Maximum Proposed
Offering Maximum
Amount Price Aggregate Amount of
Title of Securities to be Per Offering Registration
to be Registered Registered Share(a) Price(a) Fee(a)
Common Stock,
par value $2(b) 1,000,000 $43.8125 $43,812,500 $13,276.52
(a) Pursuant to Rule 457(h)(l) under the Securities Act of 1933,
the proposed maximum offering price per share, the proposed
maximum aggregate offering price and the amount of
registration fee have been computed on the basis of the
average of the high and low prices of the Common Stock
reported on the New York Stock Exchange Composite Tape on
January 6, 1997.
(b) Includes Preferred Share Purchase Rights which, prior to the
occurrence of certain events will not be exercisable or
evidenced separately from the Common Stock.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by Ingersoll-Rand Company (the
"Company" or the "Registrant") (File No. 1-985) with the
Securities and Exchange Commission (the "Commission") pursuant to
the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), are hereby incorporated by reference in this Registration
Statement:
(a) Annual Report on Form 10-K for the fiscal year ended
December 31, 1995
(b) Quarterly Reports on Form 10-Q for the quarters
ended March 31, 1996, June 30, 1996 and September 30, 1996.
(c) The description of the Company Common Stock
contained in the Company's Registration Statement filed
under Section 12 of the Exchange Act, including any
amendments or reports filed for the purpose of updating such
description.
(d) The description of the Company's Preferred Share
Purchase Rights contained in the Company's Registration
Statement on Form 8-A filed on December 12, 1988 as amended
by Form 8A/A filed on December 15, 1994.
All documents filed by the Company pursuant to Section
13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of
this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement
indicating that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference into this Registration Statement
and to be 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 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 or superseded, to constitute a
part of this Registration Statement.
Item 4. Description of Securities
Not required.
Item 5. Interests of Named Experts and Counsel
The financial statements incorporated in this Registration
Statement by reference to the Annual Report on Form 10-K of the
Company for the year ended December 31, 1995, have been so
incorporated in reliance on the report of Price Waterhouse LLP,
independent accountants, given on the authority of said firm as
experts in auditing and accounting.
Item 6. Indemnification of Directors and Officers
Article Seventh of the Company's Restated Certificate of
Incorporation, as amended, provides that, to the fullest extent
permitted by the laws of the State of New Jersey, directors of
the Company shall not be personally liable to the Company or its
shareholders for damages for breach of any duty owed to the
Company or its shareholders, except that no such director or
officer shall be relieved from liability for any breach of duty
based upon an act or omission (i) in breach of such person's duty
of loyalty to the Company or its shareholders, (ii) not in good
faith or involving a knowing violation of law or (iii) resulting
in receipt by such person of an improper personal benefit.
Article Seventh also provides that each person who was or is
made a party or is threatened to be made a party to or is
involved in any pending, threatened or completed civil, criminal,
administrative or arbitrative action, suit or proceeding, by
reason of his or her being or having been a director or officer
of the Company, or by reason of his or her being or having been a
director, officer, trustee, employee or agent of any other
corporation or of any partnership, joint venture, employee
benefit plan or other entity or enterprise, serving as such at
the request of the Company, shall be indemnified and held
harmless by the Company to the fullest extent permitted by the
New Jersey Business Corporation Act (the "Act"), from and against
all reasonable costs, disbursements and attorneys' fees, and all
amounts paid or incurred in satisfaction of settlements,
judgments, fines and penalties, incurred or suffered in
connection with any such proceeding, and such indemnification
shall continue as to a person who has ceased to be a director,
officer, trustee, employee or agent and shall inure to the
benefit of his or her heirs, executors, administrators and
assigns; provided, however, that there shall be no
indemnification with respect to any settlement of any proceeding
unless the Company has given its prior consent to such settlement
or disposition. This right to indemnification includes the right
to be paid by the Company the expenses incurred in connection
with any proceeding in advance of the final disposition of such
proceeding as authorized by the Board of Directors; provided,
however, that, if the Act so requires, the payment of such
expenses shall be made only upon receipt by the Company of an
undertaking to repay all amounts so advanced unless it shall
ultimately be determined that such director or officer is
entitled to be indemnified.
Article Seventh also provides that the right to
indemnification thereunder is a contract right and gives
claimants certain rights with respect to claims for
indemnification not paid by the Company after 30 days following a
written request. Finally, Article Seventh provides that the right
to indemnification and advancement of expenses provided thereby
shall not exclude or be exclusive of any other rights to which
any person may be entitled under a certificate of incorporation,
by-law, agreement, vote of shareholders or otherwise.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
The following exhibits are filed as part of this
Registration Statement:
4 Rights Agreement, dated as of December 7,
1988, as amended, by Amendment No. 1 thereto dated
as of December 7, 1994 (incorporated by reference
from Form 8-A of Ingersoll-Rand Company filed on
December 12, 1988, and Form 8-A/A of Ingersoll-
Rand Company filed December 15, 1994).
5 Opinion of Patricia Nachtigal, Esq.
23.1 Consent of Price Waterhouse LLP
23.2 Consent of Patricia Nachtigal, Esq. (included
in the opinion filed as Exhibit 5).
24 Power of Attorney (included in the signature
pages of this Registration Statement).
Item 9. Undertakings
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 (the "Act");
(ii) to reflect in the prospectus any facts or events
arising after the effective date of this 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 this Registration Statement
(except to the extent the information required to be included by
clauses (i) or (ii) is contained in periodic reports filed by the
Company pursuant to Section 13 or 15(d) of the Exchange Act that
are incorporated by reference into this Registration Statement);
(iii) to include any material information with respect to the
plan of distribution not previously disclosed in this
Registration Statement or any material change to such information
in this Registration Statement.
(2) That, for the purposes of determining any liability under
the 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.
(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.
(4) That, for purposes of determining any liability under the
Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or 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.
(5) Insofar as indemnification for liabilities arising under the
Act 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 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.
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
Woodcliff Lake, New Jersey, on this 8th day of January, 1997.
INGERSOLL-RAND COMPANY
(Registrant)
By /s/ James E. Perrella
James E. Perrella
Chairman of the Board, President
and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned
directors and officers of Ingersoll-Rand Company (the "Company")
in their respective capacities set forth below constitutes and
appoints James E. Perrella, J. Frank Travis and Patricia
Nachtigal and each of them, his or her true and lawful attorneys-
in-fact and agents, with full power of substitution and
resubstitution, for him or her and in his or her 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, and each of them, full power and authority to
do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as he
or she might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or either
of them, or their substitutes, may lawfully do or cause to be
done by virtue hereof.
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.
Signature Title Date
Chairman of the Board,
President, Chief
Executive Officer and
Director (Principal
/S/ James E. Perrella Executive Officer) January 8, 1997
James E. Perrella
Vice President and
Controller (Principal
/S/ Gerard V. Geraghty Financial Officer) January 8, 1997
Gerard V. Geraghty
Controller - Accounting
and Reporting (Principal
/S/ Richard A. Spohn Accounting Officer) January 8, 1997
Richard A. Spohn
/S/ Theodore H. Black Director January 8, 1997
Theodore H. Black
/S/ Joseph P. Flannery Director January 6, 1997
Joseph P. Flannery
/S/ Constance J. Horner Director January 6, 1997
Constance J. Horner
/S/ H. William Lichtenberger Director January 5, 1997
H. William Lichtenberger
/S/ Theodore E. Martin Director December 30, 1996
Theodore E. Martin
/S/ Cedric E. Ritchie Director January 7, 1997
Cedric E. Ritchie
/S/ Orin R. Smith Director January 6, 1997
Orin R. Smith
/S/ Richard J. Swift Director January 6, 1997
Richard J. Swift
/S/ J. Frank Travis Director January 8, 1997
J. Frank Travis
INDEX TO EXHIBITS
Exhibit Description
Number
4 Rights Agreement, dated as of December 7, 1988,
as amended, by Amendment No. 1 thereto dated as
of December 7, 1994 (incorporated by reference
from Form 8-A of Ingersoll-Rand Company filed on
December 12, 1988, and Form 8-A/A of Ingersoll-
Rand Company filed December 15, 1994).
5 Opinion of Patricia Nachtigal, Esq.
23.1 Consent of Price Waterhouse LLP
23.2 Consent of Patricia Nachtigal, Esq. (included in
the opinion filed as Exhibit 5).
24 Power of Attorney (included in the signature
pages of this Registration Statement).
Exhibit 5
January 7, 1997
Ingersoll-Rand Company
P.O. Box 8738
Woodcliff Lake, NJ 07675
Ladies & Gentlemen:
I have acted as counsel to Ingersoll-Rand Company, a New
Jersey corporation (the "Company"), in connection with the
Registration Statement on Form S-8 (the "Registration Statement")
which the Company intends to file with the Securities and
Exchange Commission under the Securities Act of 1933, as amended
(the "Securities Act"), relating to 1,000,000 shares of the
Company's common stock, par value $2 per share (the "Common
Stock"), which may be distributed to employees in accordance with
the Ingersoll-Rand Company Executive Deferred Compensation and
Stock Bonus Plan and the Ingersoll-Rand Directors Deferred
Compensation and Stock Award Plan (collectively, the "Plans").
I have examined a copy of the Registration Statement
(including the exhibits thereto), the related Prospectus (the
"Prospectus") and the Plans. In addition, I have examined, and
have relied as to matters of fact upon, the originals or copies,
certified or otherwise identified to my satisfaction, of such
corporate records, agreements, documents and other instruments
and such certificates or comparable documents of public officials
and of officers and representatives of the Company, and have made
such other and further investigations, as I have deemed relevant
and necessary as a basis for the opinion hereinafter set forth.
In such examination, I have assumed the genuineness of all
signatures, the legal capacity of natural persons, the
authenticity of all documents submitted to me as originals, the
conformity to original documents of all documents submitted to me
as certified or photostatic copies, and the authenticity of the
originals of such latter documents.
I hereby advise you that in my opinion the original issue
shares of Common Stock issuable pursuant to the Plans, when duly
authorized and issued as contemplated by the Registration
Statement, the related Prospectuses and the Plans, will be
validly issued, fully paid and non-assessable.
I am a member of the Bar of the State of New Jersey and I do
not express any opinion herein concerning any law other than the
law of the State of New Jersey.
I hereby consent to the filing of this opinion letter as an
Exhibit to the Registration Statement.
Very truly yours,
/s/ Patricia Nachtigal
PATRICIA NACHTIGAL
Exhibit 23.1
Consent of Independent Accountants
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated February
6, 1996 included as part of Exhibit 13 - Ingersoll-Rand Company
Annual Report to Shareowners for 1995, which report is
incorporated by reference in Ingersoll-Rand Company's Annual
Report on Form 10-K for the year ended December 31, 1995. We
also consent to the incorporation by reference of our report on
the Financial Statement Schedule, which is included as part of
Item 14(a) of such Annual Report on Form 10-K. We also consent
to the reference to us under the heading "Interests of Named
Experts and Counsel" in Item 5 of such Registration Statement.
/S/ Price Waterhouse LLP
PRICE WATERHOUSE LLP
Morristown, New Jersey
January 8, 1997
