Registration No.
As Filed with the Securities and Exchange Commission on April 28, 1995.
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UNITED STATES 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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O'SULLIVAN CORPORATION
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(Exact name of registrant as specified in its charter)
Virginia 54-0463029
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1944 Valley Avenue
Winchester, Virginia 22604
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(Address of Principal Executive Offices) (Zip Code)
O'SULLIVAN CORPORATION 1995 STOCK OPTION PLAN
O'SULLIVAN CORPORATION 1995 OUTSIDE DIRECTORS STOCK OPTION PLAN
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(Full title of the plans)
JAMES T. HOLLAND, PRESIDENT
AND CHIEF EXECUTIVE OFFICER
James T. Holland
1944 Valley Avenue, Winchester, Virginia 22604
(703) 667-6666
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(Name, address and telephone number of agent for service)
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CALCULATION OF REGISTRATION FEE
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Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
To be to be Price Per Offering Registration
Registered Registered Share Price Fee
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Common Stock, 400,000 shares $10.3125(1) $4,125,000(1) $1,422,42
par value $1.00
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(1) Estimated solely for the purpose of calculating the
registration fee. Based on the average of the high and low prices of
the Common Stock on the American Stock Exchange on April 25, 1995.
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
O'Sullivan Corporation (the "Company") hereby incorporates by
reference into this registration statement the documents listed below
which have been filed with the Securities and Exchange Commission.
(a) The Company's Annual Report on Form 10-K (File No. 1-4438)
for the year ended December 31, 1994.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 since the end of the fiscal
year covered by the Annual Report referred to in (a) above.
(c) The description of the Company's Common Stock appearing in
the Company's Form 10, dated March 15, 1961, and filed with the
Commission (File No. 1-4438) and all amendments and reports
filed for the purpose of updating such description.
All documents subsequently filed by the Company pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of
1934, prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to
be incorporated by reference into this registration statement and
shall be deemed to be part of this registration statement from the
date of filing of such documents.
Item 6. Indemnification of Directors and Officers.
The laws of the Commonwealth of Virginia pursuant to which the
Company is incorporated permit it to indemnify its officers and
directors against certain liabilities with the approval of its
shareholders. The amended and restated articles of incorporation of
the Company, which have been approved by its shareholders, provide for
the indemnification of each director and officer (including former
directors and officers and each person who may have served at the
request of the Company as a director or officer of any other legal
entity and, in all such cases, his heirs, executors and
administrators) against liabilities (including expenses) reasonably
incurred by him in connection with any actual or threatened action,
suit or proceeding to which he may be made a party by reason of his
being or having been a director or officer of the Company, except in
relation to any action, suit or proceeding in which he has been
adjudged liable because of willful misconduct or a knowing violation
of the criminal law.
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.
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Item 8. Exhibits.
See Exhibit Index.
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
(a) (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 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 registration statement is on Form S-3 or Form S-8 and
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 the
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) That, for purposes of determining any liabilities 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
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.
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(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 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.
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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 in its behalf by the
undersigned, thereunto duly authorized in the City of Winchester,
Commonwealth of Virginia, on April 28, 1995.
O'SULLIVAN CORPORATION
By: /s/ James T. Holland
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James T. Holland
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 and on the dates indicated.
Signature Title Date
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Arthur H. Bryant, II * Chairman of the Board April 28, 1995
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Arthur H. Bryant, II
/s/ James T. Holland President and Chief April 28, 1995
- -------------------------- Executive Officer --------------
James T. Holland
/s/ C. Bryant Nickerson Treasurer, Chief Financial April 28, 1995
- -------------------------- Officer and Secretary --------------
C. Bryant Nickerson
John J. Armstrong * Director April 28, 1995
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John J. Armstrong
C. Hugh Bloom, Jr. * Director April 28, 1995
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C. Hugh Bloom, Jr.
Magalen O. Bryant * Director April 28, 1995
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Magalen O. Bryant
Robert L. Burrus, Jr. * Director April 28, 1995
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Robert L. Burrus, Jr.
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Max C. Chapman, Jr. * Director April 28, 1995
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Max C. Chapman, Jr.
R. Michael McCullough * Director April 28, 1995
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R. Michael McCullough
Stephen P. Munn * Director April 28, 1995
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Stephen P. Munn
* By: /s/ James T. Holland
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Attorney-In-Fact
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EXHIBIT INDEX
Sequentially
Exhibit Numbered
No. Document Page
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3.1 The Company's Amended and Restated Articles of
Incorporation, including the Articles of Amendment
dated April 30, 1985, filed as Exhibit 3.1 to the
Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1994, (File No. 1-4438)
are expressly incorporated herein by this reference. N/A
3.2 The Company's Amendment to the Amended and Restated
Articles of Incorporation dated April 25, 1989, filed
as Exhibit 3.3 to the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 1994
(File No. 1-4438) are expressly incorporated herein
by this reference. N/A
3.3 The Company's Bylaws as amended to January 29, 1985
filed as Exhibit 3.2 to the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 1994
(File No. 1-4438) are expressly incorporated herein
by this reference. N/A
5 Opinion and Consent of McGuire, Woods, Battle &
Boothe, L.L.P. as to the legality of the shares offered
hereunder. 8
24.1 Consent of Yount, Hyde & Barbour, P.C. 9
24.2 Consent of McGuire, Woods, Battle & Boothe, L.L.P.
(included in Exhibit 5). N/A
25 Powers of attorney. 10-17
99.1 The O'Sullivan Corporation 1995 Stock Option Plan
attached to the proxy statement dated April 1, 1995
is expressly incorporated herein by this reference. N/A
99.2 The O'Sullivan Corporation 1995 Outside Directors Stock
Option Plan attached to the proxy statement dated April
1, 1995 is expressly incorporated herein by this
reference. N/A
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McGuire Woods
Battle & Boothe, L.L.P.
One James Center
Richmond, Virginia 23219
April 27, 1995
O'Sullivan Corporation
1944 Valley Avenue
Winchester, Virginia 22604
O'Sullivan Corporation (the "Company")
Ladies and Gentlemen:
You propose to file as soon as possible with the Securities
and Exchange Commission a registration statement on Form S-8 (the
"Registration Statement") relating to the O'Sullivan Corporation
1995 Stock Option Plan (the "Plan") and the O'Sullivan Corporation
1995 Outside Directors Stock Option Plan (the "Outside Directors
Plan"). The Registration Statement covers 400,000 shares of Common
Stock, par value $1.00, of the Company (the "Common Stock") which have
been reserved for issuance under the Plan and the Oustside Directors
Plan.
We are of the opinion that the 200,000 shares of Common
Stock which are authorized for issuance under the Plan, when issued
or sold in accordance with the terms and provisions of the Plan,
will be duly authorized, legally issued, fully paid and nonassessable.
We are of the opinion that the 200,000 shares of Common
Stock which are authorized for issuance under the Outside Directors
Plan when issued or sold in accordance with the terms and provisions
of the Plan, will be duly authorized, legally issued, fully paid and
nonassessable.
We consent to the use of this opinion as Exhibit 5 to the
Registration Statement.
Very truly yours,
/s/ MCGUIRE, WOODS, BATTLE & BOOTHE, L.L.P.
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CONSENT OF INDEPENDENT AUDITORS
O'Sullivan Corporation
1944 Valley Avenue
Winchester, Virginia 22604
We consent to incorporation by reference in this Registration
Statement on Form S-8 of O'Sullivan Corporation of our report
dated February 3, 1995, relating to the consolidated balance
sheets of O'Sullivan Corporation and Subsidiaries as of December
31, 1994 and the related consolidated statements of income,
changes in shareholders' equity and cash flows for the years
ended December 31, 1994, 1993 and 1992, which report is included
in the December 31, 1994 annual report on Form 10-K of O'Sullivan
Corporation. We also consent to the incorporation by reference
in this Registration Statement of our report dated
relating to the financial statement schedules of O'Sullivan
Corporation which report is included in such annual report on
Form 10-K.
/s/ YOUNT, HYDE & BARBOUR, P.C.
Winchester, Virginia
April 21, 1995
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ Arthur H. Bryant, II
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ John J. Armstrong
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ C. Hugh Bloom, Jr.
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ Magalen O. Bryant
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ Robert L. Burrus, Jr.
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ Max C. Chapman, Jr.
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ R. Michael McCullough
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POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James T.
Holland his attorney-in-fact, to execute on his behalf,
individually and in his capacity as an officer and/or director of
O'Sullivan Corporation (the "Company"), and to file any documents
referred to below relating to the registration of 400,000 shares
of Common Stock of the Company to be offered by the Company
pursuant to the O'Sullivan Corporation 1995 Stock Option Plan and
the O'Sullivan Corporation 1995 Outside Directors Stock Option
Plan (collectively the "Plans"); such documents being:
registration statements on Form S-8 to be filed with the
Securities and Exchange Commission; such statements with, and or
applications to, the regulatory authorities of any state in the
United States as may be necessary to permit such shares to be
offered in such states; any and all other documents required to
be filed with respect thereto with any regulatory authority; and
any and all amendments (post-effective and pre-effective) to any
of the foregoing, with all exhibits and documents required to be
filed in connection therewith.
The undersigned further grants unto said attorney full power
and authority to perform each and every act necessary to be done
in order to accomplish the foregoing as fully as he himself might
do.
IN WITNESS WHEREOF, the undersigned has executed this power
of attorney as of this 25 day of April, 1995.
/s/ Stephen P. Munn
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