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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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SUNAMERICA INC.
(Exact name of Registrant as specified in its charter)
Maryland 86-0176061
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1 SunAmerica Center
Los Angeles, California 90067-6022
(Address of Principal (Zip Code)
Executive Offices)
SUNAMERICA 1997 EMPLOYEE INCENTIVE STOCK PLAN
(Full Title of the Plan)
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Christine A. Nixon
Associate Counsel
1 SunAmerica Center
Los Angeles, California 90067-6022
(Name and address of agent
for service)
(310) 772-6000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed Proposed Amount
Title Amount Maximum Maximum of
of to be Offering Aggregate Regist-
Securities Registered Price Per Offering ration
Registered (1) Share(2) Price(2) Fee
- ---------- ---------- ---------- ---------- ----------
Common 5,658,050 $38.75 $219,249,437* $66,439.00
Stock, shares
$1.00 par ========== ========== ========== ==========
value
==========
(1) Represents the maximum number of shares to be issued under the
SunAmerica 1997 Employee Incentive Stock Plan ("Plan") assuming all awards
authorized thereunder are made. Such additional indeterminable amount of
the Company's Common Stock is hereby registered as may be required by
reason of the "Shares Subject to the Plan" section of the Plan.
(2) Estimated (solely for the purpose of calculating the registration fee)
in accordance with Rule 457(h) on the basis of the average high and low
prices on the New York Stock Exchange of the Registrant's Common Stock on
March 31, 1997, as published in the Wall Street Journal.
*Pursuant to Rule 429 of the Securities Act of 1933, the Prospectus
included in the Registration Statement also relates to 1,293,050 shares
registered and remaining unissued under Registration Statement Nos. 33-
28744 and 33-59664 previously filed by SunAmerica Inc., in respect of which
$14,927.00 has been paid to the Commission as filing fees. Such
Registration Statements are accordingly amended to reflect the information
contained herein. In the event that any of such previously registered
securities are offered prior to the effective date of this Registration
Statement, the amount of such securities will not be included in any
Prospectus hereunder. The amount of Securities being registered, together
with the remaining securities registered under Registration Statement Nos.
33-28744 and 33-59664, represents the maximum amount of Securities which
are expected to be offered for sale.
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PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents are incorporated by reference into this
Registration Statement and are deemed to be a part hereof from the date of
the filing of such documents.
(a) The Registrant's latest Annual Report on Form 10-K for its fiscal
year ended September 30, 1996 filed pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act").
(b) All reports filed by the Registrant pursuant to Section 13(a) or
15(d) of the Exchange Act since the end of the fiscal year covered by such
latest Annual Report referred to in (a) above.
(c) The description of the Registrant's Common Stock contained in the
Registrant's registration statement filed under Section 12 of the Exchange
Act, including all amendments or reports filed for the purpose of updating
such description.
(d) All other documents subsequently filed by the Registrant pursuant to
Section 13(a), 13(c), 14 and 15(d) of the Exchange Act.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 2-418 of the Maryland General Corporation Law permits the
indemnification of directors, officers, employees and agents of Maryland
corporations. Article Eighth of the Registrant's Articles of Restatement
of Charter (the "Articles") authorizes the indemnification of directors and
officers to the full extent required or permitted by the General Laws of
the State of Maryland, now or hereafter in force, whether such persons are
serving the Registrant, or, at its request, any other entity, which
indemnification shall include the advance of expenses under the procedures
and to the full extent permitted by law. Article Eighth further provides
that the foregoing rights of indemnification shall not be exclusive of any
other rights to which those seeking indemnification may be entitled and
that no amendment or repeal of Article Eighth shall apply to or have any
effect on any right to indemnification provided thereunder with respect to
acts or omissions occurring prior to such amendment or repeal. In
addition, the Registrant's officers and directors are covered by certain
directors' and officers' liability insurance policies maintained by the
Registrant. Reference is made to Section 2-418 of the Maryland General
Corporation Law and Article Eighth of the Articles, which are incorporated
herein by reference.
Item 8. EXHIBITS
The exhibits included as part of this Registration Statement are as
follows:
Exhibit No. Description
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5 Opinion of Counsel
23 Consent of Price Waterhouse LLP
24 Power of Attorney
(included on signature page)
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; and 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.
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 offer
therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
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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 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 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) The undersigned Registrant hereby undertakes to deliver or cause to
be delivered with the prospectus, to each person to whom the prospectus is
sent or given, the latest annual report to security holders that is
incorporated by reference in the prospectus and furnished pursuant to and
meeting the requirements of Rule 14a-3 or Rule 14c-3 under the Securities
Exchange Act of 1934; and, where interim financial information required to
be presented by Article 3 of Regulation S-X is not set forth in the
prospectus, to deliver, or cause to be delivered to each person to whom the
prospectus is sent or given, the latest quarterly report that is
specifically incorporated by reference in the prospectus to provide such
interim financial information.
(d) 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 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 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 Los Angeles, State of California,
on this 1st day of Arpil, 1997.
SUNAMERICA INC.
/s/ Jay S. Wintrob
By:-------------------
Jay S. Wintrob
Executive Vice President
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Eli Broad, Jay W. Wintrob and Susan
L. Harris, and each or any one of them, as his true and lawful
attorney-in-fact, each with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to
sign any and all amendments (including post-effective amendments) 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, jointly and
severally, full power and authority to do and perform each and every act
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and thing requisite and necessary to be done in connection therewith, as
fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact, jointly and
severally, or their or his substitute or 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 by the following persons in the
capacities and on the dates indicated.
SIGNATURES TITLE DATE
/s/ Eli Broad
- ---------------------------- President, Chief April 1, 1997
Eli Broad Executive Officer and
Chairman of the Board
(Principal Executive Officer)
/s/ James R. Belardi
- ---------------------------- Executive Vice President April 1, 1997
James R. Belardi (Principal Financial Officer)
/s/ Scott L. Robinson
- ---------------------------- Senior Vice President and April 1, 1997
Scott L. Robinson Controller
(Principal Accounting Officer)
/s/ William F. Aldinger, III Director April 1, 1997
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William F. Aldinger, III
/s/ Karen Hastie-Williams Director April 1, 1997
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Karen Hastie-Williams
/s/ David Maxwell Director April 1, 1997
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David Maxwell
/s/ Barry Munitz Director April 1, 1997
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Barry Munitz
/s/ Lester Pollack Director April 1, 1997
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Lester Pollack
/s/ Carl E. Reichardt Director April 1, 1997
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Carl E. Reichardt
/s/ Sanford C. Sigoloff Director April 1, 1997
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Sanford C. Sigoloff
/s/ Harold M. Williams Director April 1, 1997
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Harold M. Williams
/s/ Jay S. Wintrob Director April 1, 1997
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Jay S. Wintrob
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Index to Exhibits
Sequentially
Item No. Description of Item Numbered Page
5 Opinion of Counsel 6
23 Consent of Price Waterhouse LLP 7
24 Power of Attorney
(included on signature page)
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March 31, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: SunAmerica Inc.
Registration Statement on Form S-8
Ladies and Gentlemen:
Based on a review of the relevant documents and materials and on the basis
of available information, and in reliance thereon, the undersigned is of
the opinion that the securities to be issued by SunAmerica Inc. in
connection with the SunAmerica 1997 Employee Incentive Plan (the "Plan")
have been duly and validly authorized and reserved for issuance and, when
issued in accordance with the terms of the Plan, will be duly and validly
issued, fully paid and nonassessable.
I am licensed to practice law only in the state of California and the
foregoing opinion is limited to the laws of the state of California and the
general corporation law of the state of Maryland.
The undersigned hereby consents to the filing of this opinion as an exhibit
to the Registration Statement.
Very truly yours,
/s/ Susan L. Harris
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Susan L. Harris
Vice President
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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form S-8 of our report dated November 8, 1996, except as to
Note 13 which is as of November 29, 1996, which appears on Page F-2 of
SunAmerica Inc.'s Annual Report on Form 10-K for the year ended September
30, 1996. We also consent to the incorporation by reference of our report
on the Financial Statement Schedules, which appears on Page S-2 of such
Annual Report on Form 10-K.
/s/ Price Waterhouse LLP
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PRICE WATERHOUSE LLP
Los Angeles, California
March 31, 1997
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