ARAMARK CORP
S-8, 1998-05-20
EATING PLACES
Previous: IKOS SYSTEMS INC, 8-K, 1998-05-20
Next: PEOPLES BANCTRUST CO INC, 10-Q, 1998-05-20



<PAGE>

==============================================================================



                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                        -------------------------------
                                   FORM S-8
                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933
                       --------------------------------


                              ARAMARK CORPORATION
            (Exact name of registrant as specified in its charter)


              Delaware                                    23-2319139
              --------                                    ----------
  (State or other jurisdiction of                      (I.R.S. Employer
    corporation or organization)                    Identification Number)


           ARAMARK Tower, 1101 Market Street, Philadelphia, PA 19107
         ------------------------------------------------------------ 
         (Address, including zip code of principal executive offices)

                              ARAMARK CORPORATION
                         COMBINED STOCK OWNERSHIP PLAN
                         -----------------------------
                           (Full title of the Plan)

                               Martin W. Spector
                    Executive Vice President, Secretary and
                                General Counsel
                              ARAMARK Corporation
                       ARAMARK Tower, 1101 Market Street
                            Philadelphia, PA 19107
                    --------------------------------------- 
                    (Name and address of agent for service)

         Telephone number, including area code, of agent for service:
                                (215) 238-3581

<TABLE>
<CAPTION>
=========================================================================================================================

                                              CALCULATION OF REGISTRATION FEE
=========================================================================================================================
                                            Proposed maximum        Proposed Maximum
Title of               Amount to be         offering price          aggregate offering             Amount of
securities to          registered           per share               price                          registration fee
be registered          -------------        -----------------       -------------------            ------------------
- -------------
<S>                    <C>                  <C>                     <C>                            <C>       
Common Stock           10,000,000           $29.95                  $299,500,000                   $88,352.00
Class B                shares                                                                      
($.01 par value)
=========================================================================================================================
</TABLE>

<PAGE>

                     Registration of Additional Securities


         The Registrant previously filed a registration statement on Form S-8
with respect to shares of its Class B Common Stock relating to its 1991 Stock
Ownership Plan (the "Plan"). The Plan was later combined with the Registrant's
1987 Stock Option Plan and called the Combined Stock Ownership Plan.

         This registration statement is being filed with respect to additional
shares of the Registrant's Class B Common Stock relating to its Combined Stock
Ownership Plan.

         Pursuant to General Instruction E of Form S-8, the contents of the
Registrant's Registration Statement No. 33-44002 on Form S-8 are incorporated
herein by reference.

         This Registration Statement includes the following:

                 A.   Signature page
                 B.   Opinion of Counsel (Exhibit 5)
                 C.   Consent of Independent Public Accountants (Exhibit 23A)
                 D.   Consent of Securities Appraiser (Exhibit 23B)
                 E.   Powers of Attorney (Exhibit 24)
























                                       2


<PAGE>


                                  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 Philadelphia, Pennsylvania, on May 20, 1998.

                                        ARAMARK CORPORATION


                                        By: /s/ Alan J. Griffith
                                            ----------------------------------
                                                Alan J. Griffith
                                                Vice President, Controller and
                                                Chief Accounting Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons on
behalf of the Registrant and in the capacities indicated on May 20, 1998.

Signature                                                              Title



/s/  Joseph Neubauer                    Chairman and Director
- -----------------------------------
     Joseph Neubauer                    (Principal Executive Officer)


/s/  L. Frederick Sutherland            Executive Vice President
- -----------------------------------
     L. Frederick Sutherland            (Principal Financial Officer)


/s/  Alan J. Griffith                   Vice President, Controller and Chief
- -----------------------------------     Accounting Officer
     Alan J. Griffith                   (Principal Accounting Officer)

Patricia Barron
Robert J. Callander
Ronald R. Davenport
Lee F. Driscoll, Jr.
Mitchell S. Fromstein
Edward G. Jordan                         Directors
Thomas H. Kean
James E. Ksansnak
Reynold C. MacDonald
James E. Preston


/s/ Martin W. Spector
- -----------------------------------
    Martin W. Spector
    Attorney-in-Fact
                                       3


<PAGE>

                                                                     EXHIBIT 5



                                               May 20, 1998


ARAMARK Corporation
ARAMARK Tower
1101 Market Street
Philadelphia, PA   19107

         Re:   Registration Statement on Form S-8, for up to
               10,000,000 Shares of Common Stock, Class B
               Par Value $.01 Per Share, of ARAMARK Corporation
               ------------------------------------------------

Dear Sir or Madam:

         I am Assistant Secretary and Associate General Counsel of ARAMARK
Corporation, a Delaware corporation (the "Company").

         I am delivering this opinion to you in connection with the
Registration Statement on Form S-8 (the "Registration Statement") proposed to
be filed with the Securities and Exchange Commission, for the registration,
under the Securities Act of 1933, of up to 10,000,000 shares (the "Shares") of
the Company's Common Stock, Class B, par value $.01 per share ("Common
Stock"), deliverable upon exercise of opportunities to purchase Shares
pursuant to the Company's Combined Stock Ownership Plan (the "Plan").

         In my opinion, the Shares will, when delivered upon exercise of
opportunities to purchase Shares in accordance with the terms of the Plan, be
legally issued, fully paid and non-assessable shares of Common Stock of the
Company.

         I hereby consent to the use of this opinion as Exhibit 5 to the
Registration Statement. In giving such opinion, I do not thereby admit that I
am acting within the category of persons whose consent is required under
Section 7 of the Securities Act of 1933, as amended, or the rules or
regulations of the Securities and Exchange Commission thereunder.


                                                      Very truly yours,

                                             /s/      Donald S. Morton
                                                      -------------------------
                                                      Donald S. Morton
                                                      Assistant Secretary and
                                                      Associate General Counsel



<PAGE>




- ------------------------------------------------------------------------------

                                                                   EXHIBIT 23A

                              ARTHUR ANDERSEN LLP

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


- ------------------------------------------------------------------------------




         As independent public accountants, we hereby consent to the
incorporation by reference in this Registration Statement of our report dated
November 10, 1997, included in the Annual Report of ARAMARK Corporation on
Form 10-K for the fiscal year ended October 3, 1997 and to all references to our
Firm included in or made part of this Registration Statement.


                                           /s/  Arthur Andersen LLP


Philadelphia, Pennsylvania

May 19, 1998





<PAGE>





- ------------------------------------------------------------------------------

                                                                   EXHIBIT 23B

                         HOULIHAN LOKEY HOWARD & ZUKIN

                              FINANCIAL ADVISORS



- ------------------------------------------------------------------------------



         As independent valuation consultants, we hereby consent to the use of
our fair market value opinion, dated March 1, 1998 and to all references to it
and Houlihan Lokey Howard & Zukin Financial Advisors, Inc. included in or made
a part of the Registration Statement on Form S-8 to be filed with the SEC
relating to the registration of additional securities under the ARAMARK
Corporation Combined Stock Ownership Plan.


May 20, 1998

/s/ Houlihan, Lokey, Howard & Zukin Financial Advisors, Inc.
- ------------------------------------------------------------
    Houlihan, Lokey, Howard & Zukin Financial Advisors, Inc.





<PAGE>




                                                           ROBERT J. CALLANDER





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:  May 11, 1998                         /s/ Robert J. Callander
                                                 -----------------------
                                                 Robert J. Callander


<PAGE>




                                                               PATRICIA BARRON




                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as her Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for her and in her name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                            /s/  Patricia Barron
                                                       --------------------
                                                        Patricia Barron










<PAGE>




                                                              EDWARD G. JORDAN





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Program which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                           /s/  Edward G. Jordan
                                                      ---------------------
                                                       Edward G. Jordan







<PAGE>




                                                              JAMES E. PRESTON





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                           /s/  James E. Preston
                                                      ---------------------
                                                       James E. Preston







<PAGE>




                                                               JOSEPH NEUBAUER





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                           /s/  Joseph Neubauer
                                                      --------------------
                                                       Joseph Neubauer






<PAGE>




                                                          LEE F. DRISCOLL, JR.





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                       /s/ Lee F. Driscoll, Jr.
                                                  ------------------------
                                                  Lee F. Driscoll, Jr.






<PAGE>




                                                         MITCHELL S. FROMSTEIN





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                         /s/  Mitchell S. Fromstein
                                                    --------------------------
                                                     Mitchell S. Fromstein






<PAGE>




                                                          REYNOLD C. MACDONALD





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                      /s/ Reynold C. MacDonald
                                                 ------------------------
                                                 Reynold C. MacDonald



<PAGE>




                                                           RONALD R. DAVENPORT





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May  11, 1998                       /s/ Ronald R. Davenport
                                                  -----------------------
                                                   Ronald R. Davenport








<PAGE>




                                                                THOMAS H. KEAN





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Plan which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                          /s/ Thomas H. Kean
                                                     ------------------
                                                     Thomas H. Kean


<PAGE>




                                                             JAMES E. KSANSNAK





                               POWER OF ATTORNEY


The undersigned director of ARAMARK Corporation, a Delaware corporation (the
"Company"), hereby appoints Joseph Neubauer, L. Frederick Sutherland, Martin
W. Spector and Donald S. Morton, as his Attorney-in-Fact and hereby grants to
each of them acting alone without the others, for him and in his name as such
director, full power to:

                  (a)      sign the Registration Statement on Form S-8 and any
                           amendments thereto relating to the registration of
                           shares under the Company's Combined Stock Ownership
                           Program which the Company proposes to file with the
                           Securities and Exchange Commission pursuant to the
                           Securities Act of 1933; and

                  (b)      perform every other action which any such
                           Attorney-in-Fact may deem necessary or proper in
                           connection with the registration statement or
                           amendments

(all as approved by the Company's principal executive, financial and
accounting officers whose signatures to such report or amendments thereto
shall be conclusive evidence of such approval).




Dated:     May 11, 1998                              /s/ James E. Ksansnak
                                                         ---------------------
                                                         James E. Ksansnak







© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission