<PAGE> 1
As filed with the Securities and Exchange Commission
on January 16, 1996
Registration No. 33-_____
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
_____________________
HELENE CURTIS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 36-3398349
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
HELENE CURTIS INDUSTRIES, INC.
325 N. WELLS STREET
CHICAGO, ILLINOIS 60610
(312) 661-0222
(Address of Principal Executive Offices)
HELENE CURTIS INDUSTRIES, INC.
DIRECTORS STOCK OPTION PLAN
(Full title of the plan)
Copy to:
ROY A. WENTZ LARRY A. BARDEN
VICE PRESIDENT, SIDLEY & AUSTIN
SECRETARY AND GENERAL COUNSEL ONE FIRST NATIONAL PLAZA
HELENE CURTIS INDUSTRIES, INC. CHICAGO, ILLINOIS 60603
325 N. WELLS STREET (312) 853-7785
CHICAGO, ILLINOIS 60610
(312) 661-0222
(Name, address and telephone number,
including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
Proposed Proposed
Title of securities Amount to be maximum offering maximum aggregate Amount of
of to be registered registered price per share offering price registration fee
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, $.50 par value 120,000 shares $31.1875 (1) $3,742,500 (1) $1,290.52
========================================================================================================================
</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee
and, pursuant to Rules 457(h)(1) and 457(c) under the Securities Act
of 1933, based upon the average of the high and low sale prices of the
Common Stock of Helene Curtis Industries, Inc. on The New York Stock
Exchange on Wednesday, January 10, 1996.
<PAGE> 2
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents heretofore filed with the Securities and
Exchange Commission (the "Commission") by Helene Curtis Industries, Inc. (the
"Company") are incorporated herein by reference:
(a) The Company's Annual Report on Form 10-K for the fiscal year
ended February 28, 1995.
(b) All other reports filed by the Company pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), since February 28, 1995.
(c) The description of the Company's common stock, par value $.50 per
share (the "Common Stock"), which is contained in the Registration Statement
on Form 8-A filed with the Commission on October 3, 1984 under the Exchange
Act, including any subsequent amendment or any report filed for the purpose
of updating such description.
All documents filed by the Company pursuant to Sections 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
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 into this Registration Statement and to be a part
hereof from the respective dates of filing of such documents (such documents,
and the documents enumerated above, being hereinafter referred to as
"Incorporated Documents").
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Mr. Roy A. Wentz, Vice President, Secretary and General Counsel of the
Company, beneficially owns 56,383.847 shares of Common Stock of the Company
(which includes options to purchase 24,141 shares).
-1-
<PAGE> 3
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Company's Amended and Restated Certificate of Incorporation, as
amended, provides indemnification for monetary damages for breach of fiduciary
duty as a director to the fullest extent permitted by the General Corporation
Law of the State of Delaware (the "DGCL"). The Company's By-laws permit the
Company to insure its directors, officers, employees or agents against any
liability asserted against such person and incurred by such person in any such
capacity or arising out his status as such.
The Company's Amended and Restated Certificate of Incorporation, as
amended, provides that, to the full extent permitted by Section 145 of the DGCL,
the Company has the power to indemnify, advance payment of expenses on behalf of
and purchase and maintain insurance against liability on behalf of all persons
for whom it may take each such respective action. Section 145 of the DGCL
permits the indemnification by a Delaware corporation of its directors,
officers, employees and other agents against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement in connection with
specified actions, suits or proceedings, whether civil, criminal, administrative
or investigative (other than derivative actions which are by or in the right of
the corporation) if they acted in good faith and in a manner they 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 their conduct was illegal. A similar standard of care is applicable in
the case of derivative actions, except that indemnification only extends to
expenses (including attorneys' fees) incurred in connection with defense or
settlement of such an action and court approval is required before there can be
any indemnification where the person seeking indemnification has been found
liable to the corporation. 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 action referred to above or in defense of any claim, issue or matter
therein, such representative shall be indemnified against expenses (including
attorney's fees) actually and reasonably incurred in connection therewith.
Reference is made to Section 102(b)(7) of the DGCL which provides that a
director of the Company will not be personally liable to the Company or its
stockholders for monetary damages for breach of fiduciary duty as a director,
except for liability (i) for any breach of the director's duty of loyalty to the
Company or its stockholders, (ii) for acts or omissions not in good faith or
which involve intentional misconduct or a knowing violation of law, (iii)
unlawful payment of dividends under Section 174 of the DGCL or (iv) for any
transaction from which the director derived an improper personal benefit. It
further provides that if the DGCL is amended to authorize
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<PAGE> 4
corporate action further eliminating or limiting the personal liability of
directors, then the liability of a director of the Company will be eliminated
or limited to the fullest extent permitted by the DGCL as so amended.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
The Exhibits accompanying this Registration Statement are listed on the
accompanying Exhibit Index.
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;
(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;
(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 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
Commission by the Company 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 therein, and the
offering of
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<PAGE> 5
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 (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 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.
(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 of 1933 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 of 1933 and will be governed by the final adjudication of such
issue.
-4-
<PAGE> 6
SIGNATURES
The Registrant. 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 Chicago, State of Illinois, on this 16th day of
January, 1996.
HELENE CURTIS INDUSTRIES, INC.
By: /s/ Ronald J. Gidwitz
----------------------------
Ronald J. Gidwitz
President, Chief Executive
Officer and Director
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on this 16th day of January, 1996.
Signature and Title Signature and Title
------------------- -------------------
/s/ Ronald J. Gidwitz /s/ Lawrence A. Gyenes
- ------------------------------ ----------------------------
Ronald J. Gidwitz Lawrence A. Gyenes
President, Vice President and
Chief Executive Officer and Director Chief Financial Officer
(Principal Executive Officer) (Principal Financial Officer)
/s/ Mary J. Oyer *
- ----------------------------- -----------------------------
Mary J. Oyer Marshall L. Burman
Vice President and Corporate Director
Controller
(Principal Accounting Officer)
*
- ----------------------------- -----------------------------
Frank W. Considine Charles G. Cooper
Director Director
* *
- ------------------------------ -----------------------------
Gerald S. Gidwitz Michael Goldman
Chairman of the Board, Director
Director
* *
- ----------------------------- -----------------------------
Betsy R. Gidwitz John C. Stetson
Director Director
-5-
<PAGE> 7
* *
- ----------------------------- -----------------------------
Abbie J. Smith Gilbert P. Smith
Director Director
* By: /s/ Roy A. Wentz
------------------------
Roy A. Wentz
Attorney-In-Fact
-6-
<PAGE> 8
INDEX TO EXHIBITS TO REGISTRATION STATEMENT ON FORM S-8
<TABLE>
<CAPTION>
Exhibit Description of Exhibit
- -------- ----------------------
<S> <C>
4.1 Amended and Restated Certificate of Incorporation of the Company (incorporated herein by reference to the
Company's Annual Report listed on Form 10-K for the fiscal year ended February 29, 1992, Exhibit 3(a)).
4.2 Bylaws of the Company, as amended (incorporated herein by reference to the Company's Annual Report filed on
Form 10-K for the fiscal year ended February 28, 1991, Exhibit 3(b)).
4.3 Directors Stock Option Plan (incorporated herein by reference to the Proxy Statement for the 1988 Annual
Meeting of the Stockholders held June 21, 1988).
*5 Opinion of Roy A. Wentz, Esq.
*23.1 Consent of Roy A. Wentz, Esq. (included in Exhibit 5).
*23.2 Consent of Coopers & Lybrand L.L.P.
*24.1 Powers of Attorney.
</TABLE>
_____________________
* Filed herewith.
<PAGE> 1
EXHIBIT 5
January 12, 1996
Helene Curtis Industries, Inc.
325 North Wells Street
Chicago, IL 60610
Re: Helene Curtis Industries, Inc. 120,000 Shares of Common Stock,
par value $.50 per share
This opinion of counsel is provided in my capacity as General Counsel
of Helene Curtis Industries, Inc. ("Helene Curtis"), a Delaware corporation.
I refer to the Registration Statement on Form S-8 (the "Registration
Statement") being filed by Helene Curtis with the Securities and Exchange
Commission under the Securities Act of 1933, as amended, relating to the
registration of 120,000 shares of Common Stock, par value $.50 per share (the
"Shares"), of Helene Curtis in connection with the Directors Stock Option Plan
(the "Plan").
I am familiar with the proceedings to date with respect to the proposed
issuance and sale of the Shares and have examined such records, documents and
questions of law, and satisfied myself as to such matters of fact, as I have
considered relevant and necessary as a basis for this opinion.
Based on the foregoing, I am of the opinion that:
1. Helene Curtis is duly incorporated and validly existing under the laws
of the State of Delaware.
2. The Shares will be, as and when acquired in accordance with the terms
and conditions of the Plan, legally issued, fully paid and
nonassessable.
The opinion is limited to the General Corporation Law of the State of
Delaware and the laws of the United States of America. I do not find it
necessary for the purposes of this opinion to cover, and accordingly I express
no opinion as to, the application of the securities or blue sky laws of the
various states to the issuance and sale of the Shares.
<PAGE> 2
January 12, 1996
Page 2
I hereby consent to the filing of this opinion as an Exhibit to the
Registration Statement and to all references to myself included in or made a
part of the Registration Statement.
Sincerely yours,
Roy A. Wentz
Vice President, Secretary and
General Counsel
<PAGE> 1
EXHIBIT 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the inclusion in this Registration Statement on Form S-8 of our
report dated April 3, 1995 on our audits of the consolidated financial
statements of Helene Curtis Industries, Inc. (the "Company"), included in the
Company's Form 10-K for the year ended February 28, 1995, which report is
incorporated by reference herein.
COOPERS & LYBRAND L.L.P.
Chicago, Illinois
January 16, 1996
<PAGE> 1
EXHIBIT 24.1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ RONALD J. GIDWITZ
--------------------------
Ronald J. Gidwitz
<PAGE> 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ MARSHALL L. BURMAN
--------------------------
Marshall L. Burman
<PAGE> 3
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ CHARLES G. COOPER
--------------------------
Charles G. Cooper
<PAGE> 4
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ GERALD S. GIDWITZ
--------------------------
Gerald S. Gidwitz
<PAGE> 5
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ MICHAEL GOLDMAN
--------------------------
Michael Goldman
<PAGE> 6
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ BETSY R. GIDWITZ
--------------------------
Betsy R. Gidwitz
<PAGE> 7
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ JOHN C. STETSON
--------------------------
John C. Stetson
<PAGE> 8
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ ABBIE J. SMITH
--------------------------
Abbie J. Smith
<PAGE> 9
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below constitutes and appoints Ronald J. Gidwitz and Roy A. Wentz, and each of
them, the undersigned's true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution for the undersigned and in the
undersigned's name, place and stead, in any and all capacities to sign the
registration statements on Form S-8 relating to Helene Curtis Industries, Inc's
1991 Stock Option Plan, 1992 Stock Option Plan, All-Employee Stock Option
Program and Director Stock Option Plan, and any and all amendments (including
post-effective amendments) to such registration statements, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
securities, granting unto such attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes the undersigned might or could do in person, ratifying and
confirming all that said attorney-in-fact and agents or any of them, or the
substitute or substitutes of said attorneys-in-fact and agents or any of them,
may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
this 7th day of January, 1996.
/s/ GILBERT P. SMITH
--------------------------
Gilbert P. Smith
