As filed with the Securities and Exchange Commission on July 30, 1996
File No. 333-________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
DOMINION RESOURCES, INC.
(Exact name of registrant as specified in its charter)
VIRGINIA 54-1229715
(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
901 EAST BYRD STREET, RICHMOND, VIRGINIA 23219
(Address of principal executive office, including zip code)
DOMINION RESOURCES, INC.
EMPLOYEE SAVINGS PLAN/HOURLY EMPLOYEE SAVINGS PLAN
(Full Title of the Plan)
L. R. Robertson, Senior Vice President
W. H. Riggs, Jr., Assistant Corporate Secretary
DOMINION RESOURCES, INC.
901 E. Byrd Street, Richmond, Virginia 23219
(Name and address of agent for service)
(804) 775-5700
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE (*)
Title of Each Class Amount Proposed Maximum Proposed Maximum Amount of
of Securities to be to be Offering Price Aggregate Registration
Registered Registered Per Share Offering Price Fee
Common Stock,
without par value..
Employee Savings Plan 1,333,334) $37.50 $75,000,000 $25,863
Hourly Employee 666,666)
Savings Plan shares
__________
*Estimated solely for the purpose of determining the registration fee and
calculated in accordance with Rule 457 and based on the average of the high
and low prices reported on the New York Stock Exchange composite tape by The
Wall Street Journal for July 30, 1996.
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
registration statement also covers an indeterminate amount of interests to be
offered or sold pursuant to the employee benefit plans described herein.
<PAGE>
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information
Not required to be filed.
Item 2. Registrant Information and Employee Plan Annual Information.
Not required to be filed.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Dominion Resources, Inc. (Dominion
Resources) with the Securities and Exchange Commission (the Commission) are
incorporated herein by reference and made a part hereof: (i) the Dominion
Resources' Annual Report on Form 10-K for the fiscal year ended December 31,
1995; (ii) Quarterly Report on Form 10-Q for the quarter ended March 31, 1996
and (iii) the description of the Dominion Resources' Common Stock (the Common
Stock) in the Dominion Resources' registration statement on Form 8-B (Item 4),
dated April 29, 1983, including any amendments and reports filed for the
purpose of updating such description.
In addition, all documents filed by Dominion Resources pursuant to Section
13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended
(the Exchange Act), after the date of the Prospectus and prior to the filing
of a post-effective amendment that indicates that all securities offered
hereby have been sold or that deregisters all such securities then remaining
unsold, shall be deemed to be incorporated by reference into this registration
statement and to be a part hereof from the date of filing such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Article VI of Dominion Resources' Articles of Incorporation mandates
indemnification of its directors and officers to the full extent permitted by
the Virginia Stock Corporation Act (the Virginia Act) and any other applicable
law. The Virginia Act permits a corporation to indemnify its directors and
officers against liability incurred in all proceedings, including derivative
proceedings, arising out of their service to the corporation or to other
corporations or enterprises that the officer or director was serving at the
request of the corporation, except in the case of willful misconduct or a
knowing violation of a criminal law. Dominion Resources is required to
indemnify its directors and officers in all such proceedings if they have not
violated this standard.
In addition, Article VI of Dominion Resources' Articles of Incorporation
limits the liability of its directors and officers to the full extent
permitted by the Virginia Act as now and hereafter in effect. The Virginia
Act places a limit on the liability of a director or officer in derivative or
shareholder proceedings equal to the lesser of (i) the amount specified in the
corporation's articles of incorporation or a shareholder-approved bylaw; or
(ii) the greater of (a) $100,000 or (b) twelve months of cash compensation
received by the director or officer. The limit does not apply in the event the
director or officer has engaged in willful misconduct or a knowing violation
of a criminal law or a federal or state securities law. The effect of
Dominion Resources' Articles of Incorporation, together with the Virginia Act,
is to eliminate liability of directors and officers for monetary damages in
derivative or shareholder proceedings so long as the required standard of
conduct is met.
The Company has purchased directors' and officers' liability insurance
policies. Within the limits of their coverage, the policies insure (1) the
directors and officers of the Company against certain losses resulting from
claims against them in their capacities as directors and officers to the
extent that such losses are not indemnified by the Company and (2) the Company
to the extent that it indemnifies such directors and officers for losses as
permitted under the laws of Virginia.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits:
4(i) -- Articles of Incorporation of Dominion Resources as in effect
on May 4, 1987 (Exhibit 3(i), Form 10-K for the fiscal year ended December 31,
1993, File No. 1-8489, incorporated by reference).
4(ii) -- Bylaws of Dominion Resources as in effect on September 21,
1994 (Exhibit 3(ii), Form 10-K for the fiscal year ended December 31, 1994,
File No. 1-8489, incorporated by reference).
5 -- Opinion of Thomas F. Farrell, II, Esq., Vice President and General
Counsel of Dominion Resources, Inc. (filed herewith).
23(i) -- Consent of Deloitte & Touche LLP (filed herewith).
23(ii) -- Consent of Thomas F. Farrell, II, Esq. (included in Exhibit
5).
24 -- Powers of Attorney (included herein).
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:
<PAGE>
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(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;
(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 information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed by the registrant
pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference 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 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 this offer.
(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 13(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.
(h) 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
<PAGE>
such indemnification by it is against public policy as expressed in the Act
and will be governed by the final adjudication of such issue.
POWERS OF ATTORNEY
Each person whose signature appears below hereby authorizes either agent
for service named in the registration statement as attorney-in-fact, to sign
on his behalf individually and in each capacity stated below and file all
amendments and post effective amendments to the registration statement, and
Dominion Resources hereby confers like authority to sign and file on its
behalf.
<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-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Richmond, Commonwealth of Virginia, on the 30th
day of July, 1996.
DOMINION RESOURCES, INC.
By /s/THOS. E. CAPPS
(Thos. E. Capps, Chairman of the Board
of Directors, President and Chief
Executive Officer)
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below by the following persons in the
capacities indicated and on the 30th day of July, 1996.
Signature Title
/s/JOHN B. ADAMS, JR.
John B. Adams, Jr. Director
/s/JOHN B. BERNHARDT
John B. Bernhardt Director
/s/THOS. E. CAPPS
Thos. E. Capps Chairman of the Board of
Directors, President (Chief
Executive Officer) and
Director
/s/BENJAMIN J. LAMBERT, III
Benjamin J. Lambert, III Director
/s/RICHARD L. LEATHERWOOD
Richard L. Leatherwood Director
/s/HARVEY L. LINDSAY, JR.
Harvey L. Lindsay, Jr. Director
/s/K. A. RANDALL
K. A. Randall Director
/s/WILLIAM T. ROOS
William T. Roos Director
__________________
Frank S. Royal Director
<PAGE>
Signature Title
/s/JUDITH B. SACK
Judith B. Sack Director
/s/S. DALLAS SIMMONS
S. Dallas Simmons Director
/s/ROBERT H. SPILMAN
Robert H. Spilman Director
/s/LINWOOD R. ROBERTSON
Linwood R. Robertson Senior Vice President
(Chief Financial Officer)
/s/J. L. TRUEHEART
J. L. Trueheart Vice President and Controller
(Principal Accounting
Officer)
<PAGE>
Pursuant to the requirements of the Securities Act of 1933, the Dominion
Resources, Inc. Employee Savings Plan and the Dominion Resources, Inc. Hourly
Employee Savings Plan committee members have duly caused this registration
statement to be signed on their behalf by the undersigned, thereunto duly
authorized in the City of Richmond, Commonwealth of Virginia, on the 30th day
of July, 1996.
Dominion Resources, Inc. Employee Savings Plan
Dominion Resources, Inc. Hourly Employee Savings Plan
By /s/L. R. ROBERTSON
L. R. Robertson, Member of the Committee
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below on the 30th day of July, 1996,
by the members of the Committee for the administration of the Dominion
Resources, Inc. Employee Savings Plan and the Dominion Resources, Inc. Hourly
Employee Savings Plan.
Signature Title
/s/T. J. O'NEIL Chairman
T. J. O'Neil
/s/E. M. ROACH, JR.. Member
E. M. Roach, Jr.
/s/L. R. ROBERTSON Member
L. R. Robertson
/s/J. L. TRUEHEART Member
J. L. Trueheart
/s/M. S. BOLTON, JR. Member
M. S. Bolton, Jr.
EXHIBIT INDEX
Sequentially
Exhibit No. Exhibit Number Page
4(i) Articles of Incorporation as in effect
May 4, 1987 (Exhibit 3(i), Form 10-K for
the fiscal year ended December 31, 1993,
File No. 1-8489, incorporated by reference).
4(ii) Bylaws of Dominion Resources, Inc. as in
effect September 21, 1994 (Exhibit 3(ii),
Form 10-K for the fiscal year ended
December 31, 1994, File No. 1-8489,
incorporated by reference).
5 Opinion of Thomas F. Farrell, II, Esq.,
Vice President and General Counsel of
Dominion Resources, Inc. (filed herewith).
23(i Consent of Deloitte & Touche LLP (filed herewith).
23(ii) Consent of Thomas F. Farrell, II, Esq.,
Vice President and General Counsel of
Dominion Resources, Inc. (contained in Exhibit 5).
24 Powers of attorney (included herein).
Exhibit 5
Dominion Resources, Inc.
P. O. Box 26532
Richmond, Virginia 23261
July 30, 1996
Securities and Exchange Commission
Washington, D.C. 20549
Dear Sir/Madam:
With respect to the Registration Statement on Form S-8 of Dominion Resources,
Inc. in connection with the registration of 2,000,000 shares of Common Stock,
without par value (the Common Stock), which have been reserved for issuance
pursuant to the Dominion Resources, Inc. Employee Savings Plan/Hourly Employee
Savings Plan (the Plans), I am of the opinion that the 2,000,000 shares of
Common Stock which are authorized for issuance under the Plans, when issued in
accordance with the terms and provisions of the Plans, will be duly
authorized, legally issued, fully paid and nonassessable.
I hereby consent to the filing of this opinion as Exhibit 5 to the
Registration Statement.
Very truly yours,
/s/Thomas F. FARRELL, II
Thomas F. Farrell, II, Esq.
Vice President and
General Counsel
Exhibit 23(i)
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in this Registration Statement of
Dominion Resources, Inc. on Form S-8 of our reports dated February 2, 1996 and
June 18, 1996 appearing in the Annual Report on Form 10-K of Dominion
Resources, Inc. for the year ended December 31, 1995 and in the Annual Reports
on Form 11-K of Dominion Resources, Inc. Employee Savings Plan and Virginia
Power's Hourly Employee Savings Plan for the year ended December 31, 1995,
respectively.
DELOITTE & TOUCHE LLP
Richmond, Virginia
July 30, 1996
