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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 15, 2000
REGISTRATION NO. 333-_______
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement
Under
The Securities Act of 1933
KIMBERLY-CLARK CORPORATION
(Exact name of Registrant as specified in its charter)
DELAWARE 39-0394230
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification Number)
P.O. BOX 619100 75261-9100
DALLAS, TEXAS (Zip Code)
(Address of Principal Executive Offices)
KIMBERLY-CLARK CORPORATION OUTSIDE DIRECTORS' STOCK OPTION PLAN
(Full Title of the Plans)
O. GEORGE EVERBACH
SENIOR VICE PRESIDENT -- LAW AND GOVERNMENT AFFAIRS
P.O. BOX 619100
DALLAS, TEXAS 75261-9100
(972) 281-1200
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
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<TABLE>
<CAPTION>
PROPOSED PROPOSED
MAXIMUM MAXIMUM
TITLE OF SECURITIES AMOUNT TO BE OFFERING PRICE AGGREGATE AMOUNT OF
TO BE REGISTERED REGISTERED PER UNIT OFFERING PRICE REGISTRATION FEE
------------------------------------ ---------------- -------------- -------------- -------------------
<S> <C> <C> <C> <C>
Common Stock, $1.25 par value ............ 1,000,000 shares $ 65.080(1) $65,080,000(1) $17,181.12
Preferred Stock Purchase Rights........... 1,000,000 rights (2) (2) (2)
</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee
required by Section 6(b) of the Securities Act of 1933, as amended,
pursuant to Rule 457(c) thereunder, based on $65.080, the average of the
high and low prices of the common stock on December 11, 2000, as reported
in the consolidated reporting system.
(2) The preferred stock purchase rights initially are attached to and trade
with the shares of common stock being registered hereby. Value attributable
to such rights, if any, is reflected in the market price of the common
stock.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents heretofore filed by the Registrant with the
Securities and Exchange Commission (the "SEC") are incorporated herein by
reference:
1. The Registrant's Annual Report on Form 10-K for the year ended
December 31, 1999;
2. The Registrant's Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2000, June 30, 2000 and September 30, 2000;
3. The Registrant's Current Reports on Form 8-K dated July 25, 2000
and November 14, 2000;
4. The description of the Registrant's Common Stock contained in the
Proxy Statement/Prospectus constituting a part of the Registrant's
Registration Statement on Form S-4 (Registration No. 333-94139); and
5. The description of the Registrant's Preferred Stock Purchase Rights
contained in Registration Statements on Form 8-A and amendments thereto
filed by the Registrant with the SEC on June 21, 1988, June 13, 1995 and
March 17, 1997.
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14
or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), subsequent to the date hereof 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 dates of filing of such reports and 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 other subsequently
filed document which also is incorporated or deemed to be incorporated by
reference herein, 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 Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Certain legal matters have been passed upon for the Registrant by O. George
Everbach, Senior Vice President -- Law and Government Affairs of the
Registrant. As of December 15, 2000, Mr. Everbach owned 59,648 shares of the
Registrant's common stock and held options to acquire 398,718 shares of such
common stock (of which options to acquire 260,518 shares are presently
exercisable), and, as of December 1, 2000, 17,075.51 shares of such common
stock were attributable to his account under the Registrant's Salaried
Employees Incentive Investment Plan. Mr. Everbach also participates in other
employee benefit plans of the Registrant.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Registrant's By-laws (the "By-Laws") provide, among other things, that
the Registrant shall (i) 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 Registrant) by reason of the
fact that he is or was a director or officer of the Registrant, or is or was
serving at the request of the Registrant as a director or officer of another
corporation, or, in the case of a director or officer of the Registrant, is or
was serving as an employee or agent of a 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 Registrant, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful, and
(ii) indemnify any person who was or is a party or is
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threatened to be made a party to any threatened, pending or completed action or
suit by or in the right of the Registrant to procure a judgment in its favor by
reason of the fact that he is or was a director or officer of the Registrant,
or is or was serving at the request of the Registrant as a director or officer
of another corporation, or, in the case of a director or officer of the
Registrant, is or was serving as an employee or agent of a 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
Registrant 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 Registrant 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, 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. Notwithstanding the foregoing, the Registrant is not
required to indemnify any director or officer of the Registrant in connection
with a proceeding (or portion thereof) initiated by such director or officer
against the Registrant or any directors, officers or employees thereof unless
(i) the initiation of such proceeding (or portion thereof) was authorized by
the Board of Directors of the Registrant or (ii) notwithstanding the lack of
such authorization, the person seeking indemnification is successful on the
merits. The By-Laws further provide that the indemnification provided therein
shall not be deemed exclusive of any other rights to which those seeking
indemnification may be entitled.
Section 145 of the General Corporation Law of the State of Delaware
authorizes indemnification by the Registrant of directors and officers under
the circumstances provided in the provisions of the By-Laws described above,
and requires such indemnification for expenses actually and reasonably incurred
to the extent a director or officer is successful in the defense of any action,
or any claim, issue or matter therein.
The Registrant has purchased insurance which purports to insure the
Registrant against certain costs of indemnification which may be incurred by it
pursuant to the By-Laws and to insure the officers and directors of the
Registrant, and of its subsidiary companies, against certain liabilities
incurred by them in the discharge of their functions as such officers and
directors except for liabilities resulting from their own malfeasance.
ITEM 7. EXEMPTIONS FROM REGISTRATION CLAIMED.
Not Applicable.
ITEM 8. EXHIBITS.
The following is a list of Exhibits included as part of this Registration
Statement. The Registrant agrees to furnish supplementally a copy of any
omitted schedule to the SEC upon request. Items marked with an asterisk are
filed herewith.
4.1 -- Restated Certificate of Incorporation of the
Registrant, dated June 12, 1997, is hereby
incorporated by reference to Exhibit No. 3a to the
Quarterly Report on Form 10-Q of the Registrant for
the quarter ended June 30, 1997.
4.2 -- By-Laws of the Registrant, as amended November
22, 1996, are hereby incorporated by reference to
Exhibit No. 4.2 to the Registration Statement on
Form S-8 of the Registrant filed with the SEC on
December 6, 1996 (Registration No. 33-17367).
4.3 -- Rights Agreement dated as of June 21, 1988, as
amended and restated as of June 8, 1995, between the
Registrant and The First National Bank of Boston, as
Rights Agent, is hereby incorporated by reference to
Exhibit No. 1 to the Registration Statement on Form
8-A/A of the Registrant filed with the SEC on June
13, 1995.
4.4 -- Certificate of Adjustment, dated March 7, 1997,
filed by the Registrant with The First National Bank
of Boston, as Rights Agent, is hereby incorporated
by reference to Exhibit No. 2 to the Registration
Statement on Form 8-A/A of the Registrant filed with
the SEC on March 17, 1997.
4.5* -- Kimberly-Clark Corporation Outside Directors'
Stock Option Plan.
5* -- Opinion of O. George Everbach.
23.1* -- Consent of Deloitte & Touche LLP.
23.2* -- Consent of O. George Everbach is contained in his
opinion filed as Exhibit No. 5.
24* -- Powers of Attorney.
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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:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933, as amended (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. 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 a 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in
the effective registration statement; 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 paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the registration statement is on Form S-3, Form S-8 or Form F-3, and 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
SEC by the Registrant pursuant to Section 13 or 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.
(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, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Exchange Act (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Exchange Act) 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 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 SEC 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 Securities Act and will be governed by
the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 the City of Irving, State of Texas, on December 15, 2000.
KIMBERLY-CLARK CORPORATION
By: /s/ WAYNE R. SANDERS
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Wayne R. Sanders
Chairman of the Board and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
/s/ WAYNE R. SANDERS Chairman of the Board and December 15, 2000
---------------------- Chief Executive Officer
Wayne R. Sanders and Director (principal
executive officer)
/s/ JOHN W. DONEHOWER Senior Vice President and December 15, 2000
---------------------- Chief Financial Officer
John W. Donehower (principal financial
officer)
/s/ RANDY J. VEST Vice President and December 15, 2000
---------------------- Controller (principal
Randy J. Vest accounting officer)
DIRECTORS
* *
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John F. Bergstrom Claudio X. Gonzalez
* *
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Pastora San Juan Cafferty Frank A. McPherson
* *
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Paul J. Collins Linda Johnson Rice
* *
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Robert W. Decherd Wolfgang R. Schmitt
* *
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William O. Fifield Randall L. Tobias
*
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Thomas J. Falk
December 15, 2000
*By: /s/ O. GEORGE EVERBACH
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O. George Everbach
Attorney-in-Fact
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EXHIBIT INDEX
The following is a list of Exhibits included as part of this Registration
Statement. Items marked with an asterisk are filed herewith.
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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4.1 -- Restated Certificate of Incorporation of the
Registrant, dated June 12, 1997, is hereby
incorporated by reference to Exhibit No. 3a to the
Quarterly Report on Form 10-Q of the Registrant for
the quarter ended June 30, 1997.
4.2 -- By-Laws of the Registrant, as amended November
22, 1996, are hereby incorporated by reference to
Exhibit No. 4.2 to the Registration Statement on
Form S-8 of the Registrant filed with the SEC on
December 6, 1996 (Registration No. 33-17367).
4.3 -- Rights Agreement dated as of June 21, 1988, as
amended and restated as of June 8, 1995, between the
Registrant and The First National Bank of Boston, as
Rights Agent, is hereby incorporated by reference to
Exhibit No. 1 to the Registration Statement on Form
8-A/A of the Registrant filed with the SEC on June
13, 1995.
4.4 -- Certificate of Adjustment, dated March 7, 1997,
filed by the Registrant with The First National Bank
of Boston, as Rights Agent, is hereby incorporated
by reference to Exhibit No. 2 to the Registration
Statement on Form 8-A/A of the Registrant filed with
the SEC on March 17, 1997.
4.5* -- Kimberly-Clark Corporation Outside Directors'
Stock Option Plan.
5* -- Opinion of O. George Everbach.
23.1* -- Consent of Deloitte & Touche LLP.
23.2* -- Consent of O. George Everbach is contained in his
opinion filed as Exhibit No. 5.
24* -- Powers of Attorney.
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