AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
ON APRIL 30, 1997
REGISTRATION NO. 333-22899
======================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
---------------
THE INTERPUBLIC GROUP OF COMPANIES, INC.
(Exact name of registrant as specified in its charter)
---------------
Delaware 13-1024020
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
1271 Avenue of the Americas
New York, New York 10020
212-399-8000
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
NICHOLAS J. CAMERA, VICE PRESIDENT,
GENERAL COUNSEL & SECRETARY
THE INTERPUBLIC GROUP OF COMPANIES, INC.
1271 Avenue of the Americas
New York, New York 10020
212-399-8000
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
---------------
The Commission is requested to mail signed copies of all
orders, notices and communications to:
Theodore H. Paraskevas, Esq. Barry Fox, Esq.
The Interpublic Group Cleary, Gottlieb,
of Companies, Inc. Steen & Hamilton
1271 Avenue of the Americas One Liberty Plaza
New York, New York 10020 New York, New York 10006
212-399-8000 212-225-2000
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE
PUBLIC: As soon as practicable after this Registration Statement
becomes effective.
---------------
If the only securities being registered on this Form are
being offered pursuant to dividend or interest reinvestment
plans, please check the following box. |_|
If any of the securities being registered on this Form are
to be offered on a delayed or continuous basis pursuant to Rule
415 under the Securities Act of 1933, other than securities
offered only in connection with dividend or interest reinvestment
plans, check the following box. |X|
If this Form is filed to register additional securities for
an offering pursuant to Rule 462(b) under the Securities Act,
please check the following box and list the Securities Act
registration statement number of the earlier effective
registration statement for the same offering. |_|
If this Form is a post-effective amendment filed pursuant
to Rule 462(b) under the Securities Act, please check the
following box and list the Securities Act registration statement
number of the earlier effective registration statement for the
same offering. |_|
If delivery of the prospectus is expected to be made pursuant
to Rule 434, please check the following box. |_|
---------------
CALCULATION OF REGISTRATION FEE
- --------------------------------------------------------------------------
Title
of each Proposed Proposed
class of maximum maximum
securities offering aggregate Amount of
to be Amount to price offering registration
registered be registered per share price fee
- --------------------------------------------------------------------------
Common Stock,
par value
$.10 per share 700,430 shares $49.9375(1) $34,977,723(1) $10,599(2)
- --------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the
registration fee pursuant to Rule 457(c) under the Securities
Act of 1933, as amended (the "Securities Act", and based on the
average of the high and low prices of the Common Stock on the
New York Stock Exchange on March 4, 1997.
(2) A registration fee of $10,817 was previously paid by the
Interpublic Group of Companies, Inc. to the Commission in
connection with the registration of 714,797 shares of common
stock, par value $.10 per share, under the original filing of a
Registration Statement on Form S-3 (File No. 333-22899) on
March 6, 1997.
---------------
The Registrant hereby amends this Registration Statement on
such date or dates as may be necessary to delay its Effective
Date until the Registrant shall file a further amendment which
specifically states that this Registration Statement shall
thereafter become effective in accordance with Section 8(a) of
the Securities Act of 1933 or until the Registration Statement
shall become effective on such date as the Commission, acting
pursuant to said Section 8(a), may determine.
======================================================================
<PAGE>
***********************************************************************
* Information contained herein is subject to completion or *
* amendment. A registration statement relating to these securities *
* has been filed with the Securities and Exchange Commission. These *
* securities may not be sold nor may offers to buy be accepted *
* prior to the time the registration statement becomes effective. *
* This prospectus shall not constitute an offer to sell or the *
* solicitation of an offer to buy nor shall there be any sale of *
* these securities in any State in which such offer, solicitation *
* or sale would be unlawful prior to registration or qualification *
* under the securities laws of any such State. *
***********************************************************************
Subject to Completion, Dated April 30, 1997
Prospectus
700,430 Shares
THE INTERPUBLIC GROUP OF COMPANIES, INC.
Common Stock, $.10 par value
All of the shares of Common Stock, $.10 par value per share
(the "Common Stock"), of The Interpublic Group of Companies, Inc.
(the "Company") offered hereby, are being sold by certain
stockholders of the Company identified herein (collectively, the
"Selling Stockholders"). The Company will not receive any
proceeds from the sale of shares of Common Stock by the Selling
Stockholders. The Common Stock is listed on the New York Stock
Exchange (the "NYSE") under the trading symbol "IPG." On April
28, 1997, the last reported sale price of the Common Stock on the
NYSE was $55.00 per share. See "Price Range of Common Stock." The
Company has listed the Common Stock to which this Prospectus
relates on the NYSE.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY
OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The Company has agreed to bear certain expenses (excluding
any underwriting fees, expenses, discounts or other costs payable
to any underwriter, broker or dealer) in connection with the
registration and sale of the Common Stock being offered by the
Selling Stockholders, estimated to be approximately $38,000. The
Company has agreed to indemnify the Selling Stockholders against
certain liabilities, including certain liabilities under the
Securities Act of 1933, as amended (the "Securities Act").
The Selling Stockholders and any broker-dealers or agents
that participate with the Selling Stockholders in the
distribution of the Common Stock may be deemed to be
"underwriters" within the meaning of the Securities Act, and any
commissions received by them and any profit on the resale of any
Common Stock purchased by them may be deemed to be underwriting
commissions or discounts under the Securities Act.
The date of this Prospectus is April 30, 1997.
<PAGE>
AVAILABLE INFORMATION
The Company is subject to the informational requirements of
the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and, in accordance therewith, files reports, proxy
statements and other information with the Securities and Exchange
Commission (the "Commission"). The Registration Statement on Form
S-3 (together with all amendments and exhibits thereto, the
"Registration Statement") under the Securities Act of which this
Prospectus forms a part, as well as such reports, proxy
statements and other information filed by the Company with the
Commission, can be inspected and copied at the public reference
facilities maintained by the Commission at Judiciary Plaza, Room
1024, 450 Fifth Street, N.W., Washington, D.C. 20549, and at the
Commission's regional offices in Chicago, 500 West Madison
Street, Suite 1400, Chicago, Illinois 60661, and in New York,
Seven World Trade Center, 13th Floor, New York, New York 10048.
Copies of this material can also be obtained from the Public
Reference Section of the Commission at 450 Fifth Street, N.W.,
Washington, D.C. 20549 at prescribed rates. The Commission
maintains a Web site (http://www.sec.gov) that contains reports,
proxy statements and other information regarding registrants who
file electronically with the Commission. In addition, the Common
Stock of the Company is listed on the NYSE and the aforementioned
material can also be inspected at the offices of the New York
Stock Exchange, Inc., 20 Broad Street, New York, New York 10005.
The Company has filed the Registration Statement with the
Commission in Washington, D.C. with respect to the Common Stock
offered hereby. This Prospectus constitutes a part of the
Registration Statement and does not contain all the information
set forth therein, certain portions of which have been omitted as
permitted by the rules and regulations of the Commission. Any
statements contained herein concerning the provisions of any
contract or other document are not necessarily complete and, in
each instance, reference is made to the copy of such contract or
other document filed as an exhibit to the Registration Statement
or otherwise filed with the Commission. Each such statement is
qualified in its entirety by such reference. For further
information regarding the Company and the securities offered
hereby, reference is made to the Registration Statement and to
the exhibits thereto.
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
The following documents heretofore filed by the Company
with the Commission pursuant to the Exchange Act are incorporated
and made a part of this Prospectus by reference, except as
superseded or modified herein:
1. The Company's Annual Report on Form 10-K for the year
ended December 31, 1996;
2. The Company's Quarterly Reports on Form 10-Q for the
quarters ended March 31, 1996, June 30, 1996 and September 30, 1996;
3. The Company's Current Reports on Form 8-K filed on
March 10, 1997 and April 7, 1997; and
4. The description of the Common Stock contained in its
registration statements on Form 8-A, dated June 29, 1971 and
October 8, 1975, respectively, as amended on Forms 8, dated
February 24, 1983, June 12, 1984, September 13, 1984, June 25,
1985, July 15, 1987 and May 19, 1988, and the description of the
Rights currently traded with the Common Stock contained in the
Company's registration statement on Form 8-A, dated August 1,
1989, and amended on a Form 8, dated October 3,
<PAGE>
1989, filed under Section 12 of the Exchange Act, including
any subsequent amendments or reports filed for the purpose of
updating such description.
All documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act after the date of this Prospectus and prior to the
termination of the offering made hereby shall be deemed to be
incorporated by reference into this Prospectus and made a part
hereof from the date of filing of such documents, except that the
information required by Item 402 (i), (k) and (l) of Regulation
S-K under the Securities Act and included in any such document is
not incorporated herein. Any statement contained in this
Prospectus or in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Prospectus to the extent that
a statement contained herein or therein or in a subsequently
filed document, that also is or is deemed to be incorporated by
reference herein or therein, 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 Prospectus.
The Company hereby undertakes to provide without charge to
each person to whom a copy of this Prospectus is delivered, upon
the written or oral request of any such person, a copy of any or
all of the documents referred to herein under the caption
"Incorporation of Certain Documents by Reference" which have been
or may be incorporated by reference in this Prospectus, other
than exhibits to such documents unless such exhibits are
specifically incorporated by reference into the information
incorporated into this Prospectus. Requests for such copies
should be directed to Nicholas J. Camera, Esq., Vice President,
General Counsel and Secretary, The Interpublic Group of
Companies, Inc., 1271 Avenue of the Americas, New York, New York
10020 (telephone: (212) 399-8000).
THE COMPANY
The principal executive offices of the Company are
located at 1271 Avenue of the Americas, New York, New York 10020
(telephone: (212) 399-8000).
USE OF PROCEEDS
The Company will not receive any of the proceeds from the
sale of the Common Stock offered hereby. See "Selling Stockholders."
2
<PAGE>
PRICE RANGE OF COMMON STOCK
Since January 1, 1995, the high and low closing sales
prices of the Company's Common Stock, as reported on the NYSE,
have been as follows:
By Fiscal Quarters High Low
- ------------------ ---- ---
1995
First Quarter $37 3/8 $31 3/4
Second Quarter 39 3/8 35
Third Quarter 40 1/8 35 1/2
Fourth Quarter 43 3/8 37 3/8
1996
First Quarter 47 1/4 39 5/8
Second Quarter 50 1/4 44 7/8
Third Quarter 48 1/2 41 3/4
Fourth Quarter 50 1/8 44 1/8
1997
First Quarter 55 1/4 47
Second Quarter
(through April 28, 1997) 55 1/2 52 5/8
The last sale price of the Common Stock on the NYSE on
April 28, 1997, was $55.00 per share.
3
<PAGE>
SELLING STOCKHOLDERS
The following table sets forth certain information with
respect to the Selling Stockholders, including (i) the name of
each Selling Stockholder, (ii) the number of shares of Common
Stock owned by such Selling Stockholder prior to the offering,
(iii) the maximum number of shares of such Common Stock to be
offered by such Selling Stockholder hereby and (iv) the number of
shares of Common Stock to be owned by such Selling Stockholder
assuming all of the shares of such Selling Stockholder covered by
this Prospectus are distributed in the offering. No Selling
Stockholder owns one percent (1%) or more of the Company's issued
and outstanding Common Stock. Because the Selling Stockholders or
their transferees may offer all, a portion or none of the Common
Stock offered pursuant to this Prospectus, no estimate can be
given as to the amount of Common Stock that will be held by the
Selling Stockholders upon termination of the offering. See "Plan
of Distribution."
Number of
Shares to
be Owned
Number After
of Shares Maximum Offering
Beneficially Number Assuming
Owned of Shares All Shares
Name of Selling Prior to to be Offered are
Stockholder (1) the Offering Offered Distributed
- --------------- ------------ ------- -----------
Howard C. Draft 611,191 83,000 528,191
Daniel E. Ginsburg 458,025 90,237 367,788
Richard E. Meyers 60,315 13,223 47,092
Yvonne Furth 46,911 10,284 36,627
David Florence 46,911 10,284 36,627
Donald Zuckert 40,210 8,815 31,395
Bruce Rodin 40,210 8,815 31,395
Eike Wolff 26,806 5,877 20,929
Volker Schone 26,806 5,877 20,929
Kevin McKenna 20,105 4,408 15,697
Jerry Reitman 13,403 2,938 10,465
Peter M. Davis 13,403 2,938 10,465
Gaye A. Sussman 6,701 1,469 5,232
Carol Stewart Gulyas 6,701 1,469 5,232
Sanford Moltz 6,701 1,469 5,232
Sidney C. Liebenson 6,701 1,469 5,232
Emily Soell 6,701 1,469 5,232
Ellen A. Miller 4,691 1,028 3,663
Sheldon Karon 3,350 734 2,616
Jeff Lerner 3,350 734 2,616
Ana Lee 3,350 734 2,616
4
<PAGE>
Number of
Shares to
be Owned
Number After
of Shares Maximum Offering
Beneficially Number Assuming
Owned of Shares All Shares
Name of Selling Prior to to be Offered are
Stockholder (1) the Offering Offered Distributed
- --------------- ------------ ------- -----------
Jackie Mallon 3,350 734 2,616
Ann Hughes 3,350 734 2,616
Francesca Sorge 1,340 294 1,046
Herbert Fiedler 1,340 294 1,046
Moira Sullivan 670 147 523
Kevin Edwards 670 147 523
Annette Donnelly 670 147 523
Saatchi & Saatchi
North America, Inc. 441,398 96,765 344,633
Lawrence and
Dawn Weber,
as tenants by
the entirety 330,664 (2) 185,999 144,665
John Diefenbach 88,674 44,337 44,337
John Elkins 55,421 27,710 27,711
Claude Salzberger 25,493 12,746 12,747
James Cerruti 16,626 8,313 8,313
Jan Samzelius 16,626 8,313 8,313
Carter Lee 6,650 3,325 3,325
Robert Kahn 1,116 558 558
Angelika Preston 949 475 474
Kay Breakstone 9,629 8,666 963
Kay Breakstone
(a/c RG) 139 125 14
Kristin Anderson 254 229 25
Alan Bromley 123 111 12
Erin Burke 3,458 3,112 346
Lynn Cappelleri 138 124 14
5
<PAGE>
Number of
Shares to
be Owned
Number After
of Shares Maximum Offering
Beneficially Number Assuming
Owned of Shares All Shares
Name of Selling Prior to to be Offered are
Stockholder (1) the Offering Offered Distributed
- --------------- ------------ ------- -----------
Cyndy Cesena 212 191 21
Marina Echaverria 62 56 6
Laura Giadorou 371 334 37
James Leviton 150 135 15
Cathleen Mayrose 310 279 31
Tatania Snowden 76 68 8
Kelly Tapis 76 68 8
Peter Warwick 93 84 9
Robert Dion(3) 15 15 0
Rosalinde Estes(3) 473 473 0
Fred Goldberg(3) 14,071 14,071 0
Tim Hannell(3) 473 473 0
Camille Johnson(3) 977 977 0
Michael Massaro(3) 2,207 2,207 0
Catrina McAuliffe(3) 946 946 0
Michael Moser(3) 9,462 9,462 0
Michael Murphy(3) 53 53 0
Dennis O'Rourke(3) 946 946 0
Tanya Stringham(3) 16 16 0
Dave Woodside(3) 946 946 0
Richard L. Greene,
as trustee of
Robin Goldberg
Irrevocable
Trust(3) (4) 3,942 3,942 0
6
<PAGE>
Number of
Shares to
be Owned
Number After
of Shares Maximum Offering
Beneficially Number Assuming
Owned of Shares All Shares
Name of Selling Prior to to be Offered are
Stockholder (1) the Offering Offered Distributed
- --------------- ------------ ------- -----------
Richard L. Greene,
as trustee of
Susanne Goldberg
Irrevocable
Trust(3) (4) 3,942 3,942 0
Goldberg Moser
O'Neill 80 70 10
Total 2,501,189 700,430 1,800,759
(1) Except otherwise noted in footnote (2) below and other than
Saatchi & Saatchi North America, Inc., Donald Zuckert,
Bruce Rodin, Kevin McKenna, Jerry Reitman, Sheldon Karon,
Jeff Lerner and Jackie Mallon, each Selling Stockholder is
an employee or officer of a majority-owned subsidiary of
the Company.
(2) Includes 82,666 shares Lawrence Weber owns individually.
The shares that are being registered are the shares owned
by Lawrence Weber and Dawn Weber, as tenants by the
entirety.
(3) Each such Selling Stockholder is an affiliate, employee or
former employee of Goldberg Moser O'Neill (or an affiliate
of the foregoing), of which the Company owns a 49%
interest.
(4) These shares are held in irrevocable trust.
7
<PAGE>
PLAN OF DISTRIBUTION
The Company has not been advised by the Selling
Stockholders as to any plan of distribution. Distribution of the
Common Stock by the Selling Stockholders, or by pledgees, donees
(including charitable organizations), transferees or other
successors in interest, may be effected from time to time in one
or more transactions (which may involve block transactions) (i)
on the NYSE in transactions that may include special offerings
and exchange distributions pursuant to and in accordance with the
rules of such exchange, (ii) in the over-the-counter market, or
(iii) in transactions otherwise than on such exchange or in the
over-the-counter market, or in a combination of any such
transactions. Such transactions may be effected by the Selling
Stockholders at market prices prevailing at the time of sale, at
prices related to such prevailing market prices, at negotiated
prices or at fixed prices. The Selling Stockholders may effect
such transactions by selling the Common Stock to or through
broker-dealers, and such broker-dealers may receive compensation
in the form of discounts or commissions from the Selling
Stockholders and may receive commissions from the purchasers of
the Common Stock for whom they may act as agent. The Selling
Stockholders may agree to indemnify any broker-dealer or agent
that participates in transactions involving sales of the shares
against certain liabilities, including liabilities arising under
the Securities Act.
LEGAL MATTERS
The validity of the Common Stock being offered hereby will
be passed upon for the Company by Nicholas J. Camera, Esq., Vice
President, General Counsel and Secretary of the Company.
EXPERTS
The consolidated financial statements of the Company
incorporated in this Prospectus by reference to the Annual Report
on Form 10-K of The Interpublic Group of Companies, Inc. for the
year ended December 31, 1996 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.
8
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
The estimated expenses of issuance and distribution, other
than underwriting discounts and commissions, expected to be
incurred by the Registrant are as follows:
Filing fee of Securities and Exchange
Commission relating to registration
statement $10,817
Charges of transfer agent and registrar 0
Printing and preparation of
registration statement, prospectus, etc. 0
Fee of counsel for the Registrant,
Cleary, Gottlieb, Steen & Hamilton 15,000
Fee of accountants, Price Waterhouse LLP 10,000
Miscellaneous 2,000
-----
Total $37,817
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of Title 8 of the Delaware Code gives a
corporation power 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 he 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,
partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by
him in connection with such action, suit or proceeding if he
acted in good faith and in a manner he 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 his conduct was unlawful. The same
Section also gives a corporation power 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 or suit by or in the
right of the corporation to procure a judgment in its favor by
reason of the fact that he 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, partnership, joint venture, trust
or other enterprise against expenses (including attorneys' fees)
actually and reasonably incurred by him in connection with the
defense or settlement of such action or suit if he acted in good
faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the corporation and except that
no indemnification shall 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 upon application that,
9
<PAGE>
despite the adjudication of liability but in view of all the
circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the
Court of Chancery or such other court shall deem proper. Also,
the Section states that, to the extent that a director, officer,
employee or agent of a corporation has been successful on the
merits or otherwise in defense of any such action, suit or
proceeding, or in defense of any claim, issue or matter therein,
he shall be indemnified against expenses (including attorneys'
fees) actually and reasonably incurred by him in connection
therewith.
The Company's bylaws contain specific authority for
indemnification by the Company of current and former directors,
officers, employees or agents of the Company on terms that have
been derived from Section 145 of Title 8 of the Delaware Code.
The Company maintains policies of insurance under which the
company and its directors and officers are insured subject to
specified exclusions and deductible and maximum amounts against
loss arising from any claim which may be made against the Company
or any director or officer of the Company by reason of any breach
of duty, neglect, error, misstatement, omission or act done or
alleged to have been done while acting in their respective
capabilities.
ITEM 16. EXHIBITS.
Exhibit
Number Description
- ------ -----------
4.1* The Certificate of Incorporation of The Interpublic Group
of Companies, Inc., incorporated by reference herein from
Exhibit 3(i) to Quarterly Report on Form 10-Q for the
quarter ended June 30, 1995.
4.2* By-laws of The Interpublic Group of Companies, Inc.,
incorporated by reference herein from Exhibit 4 to Annual
Report on Form 10-K for the year ended December 31, 1990.
5* Opinion of Nicholas J. Camera, Esq. as to the legality of
the shares of Common Stock registered hereunder.
23.1 Consent of Price Waterhouse LLP.
23.2* Consent of Nicholas J. Camera, Esq. (included in Exhibit
Number 5).
24* Power of Attorney
- --------
* Filed previously.
ITEM 17. UNDERTAKINGS.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are
being made of the securities registered hereby, 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;
10
<PAGE>
(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 this 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) if, in the aggregate, the
changes in volume and price represent no more than 20
percent change in the maximum aggregate offering price
set forth in the "Calculation of Registration Fee" table
in this registration statement; and
(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;
provided, however, that the undertakings set forth in paragraphs
(i) and (ii) above 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 this 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 herein, 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 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.
(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 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
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 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.
(d) The undersigned Registrant hereby undertakes that:
11
<PAGE>
(1) For purposes of determining any liability under the
Securities Act of 1933, the information omitted from the form of
Prospectus filed as part of this Registration Statement in
reliance upon Rule 430A and contained in a form of Prospectus
filed by the Registrant pursuant to Rule 424(b)(1) or (4) or
497(h) under the Securities Act shall be deemed to be part of
this Registration Statement as of the time it was effective.
(2) For the purpose of determining any liability under
the Securities Act of 1933, each post-effective amendment that
contains a form of Prospectus 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 initial bona fide offering thereof.
12
<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-3 and has duly caused this Amendment No. 1 to the Registration
Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of New York, State of New
York, on the 30th day of April, 1997.
THE INTERPUBLIC GROUP OF COMPANIES, INC.
(Registrant)
By: /s/ Nicholas J. Camera
---------------------------------
Nicholas J. Camera
Vice President, General Counsel
and Secretary
Pursuant to the requirements of the Securities Act of 1933,
this Amendment No. 1 to the Registration Statement has been
signed by the following persons in the capacities and on April
30, 1997.
SIGNATURE TITLE
- --------- -----
/s/Philip H. Geier, Jr.* Chairman of the Board and President
- ------------------------ (Principal Executive Officer)
/s/Eugene P. Beard* Vice Chairman - Finance and Operations
- ------------------------ (Principal Financial Officer and Director)
/s/Joseph Studley* Vice President and Controller
- ------------------------ (Principal Accounting Officer)
/s/Frank J. Borelli* Director
- ------------------------
/s/Reginald K. Brack* Director
- ------------------------
/s/Jill M. Considine* Director
- ------------------------
/s/John J. Dooner, Jr.* Director
- ------------------------
/s/Frank B. Lowe* Director
- ------------------------
/s/Leif H. Olsen* Director
- ------------------------
/s/Martin F. Puris* Director
- ------------------------
/s/Allen Questrom* Director
- ------------------------
/s/J. Phillip Samper* Director
- ------------------------
13
<PAGE>
/s/Joseph J. Sisco* Director
- ------------------------
* By: /s/Nicholas J. Camera
---------------------------------
Nicholas J. Camera
Vice President, General Counsel
and Secretary
14
<PAGE>
Exhibit
Number Description
- ------ -----------
4.1* The Certificate of Incorporation of The Interpublic Group
of Companies, Inc., incorporated by reference herein from
Exhibit 3(i) to Quarterly Report on Form 10-Q for the
quarter ended June 30, 1995.
4.2* By-laws of The Interpublic Group of Companies, Inc.,
incorporated by reference herein from Exhibit 4 to Annual
Report on Form 10-K for the year ended December 31, 1990.
5* Opinion of Nicholas J. Camera, Esq. as to the legality of
the shares of Common Stock registered hereunder.
23.1 Consent of Price Waterhouse LLP.
23.2* Consent of Nicholas J. Camera, Esq. (included in Exhibit
Number 5).
24* Power of Attorney
- --------
* Filed previously.
15
<PAGE>
Exhibit 23.1
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the
Prospectus constituting part of this Registration Statement on
Form S-3 of our report dated February 14, 1997, which appears on
page 48 of the 1996 Annual Report to the Stockholders of The
Interpublic Group of Companies, Inc., which is incorporated by
reference in The Interpublic Group of Companies, Inc.'s Annual
Report on Form 10-K for the year ended December 31, 1996. We
also consent to the incorporation by reference of our report on
the Financial Statement Schedules, which appears on page F-2 of
such Annual Report on Form 10-K. We also consent to the
reference to us under the heading "Experts" in such Prospectus.
Price Waterhouse LLP
New York, New York
April 29, 1997
