<PAGE>
As filed with the Securities and Exchange Commission on September 1, 1994
File No. 33-_____________
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
__________
MORRISON KNUDSEN CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 82-0393735
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
MORRISON KNUDSEN PLAZA, 720 PARK BOULEVARD, BOISE, IDAHO 83729
(Address of Principal Executive Offices) (Zip Code)
MORRISON KNUDSEN CORPORATION STOCK COMPENSATION PLAN
(Full Title of the Plan)
DAVID A. CHANNER
ASSOCIATE GENERAL COUNSEL
MORRISON KNUDSEN CORPORATION
MORRISON KNUDSEN PLAZA, 720 PARK BOULEVARD, BOISE, IDAHO 83729
(Name and address of agent for service)
(208) 386-5000
(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
Proposed Proposed
Title of maximum maximum
Securities Amount offering aggregate Amount of
to be to be price per offering registration
Registered registered(1) share (2) price (1) fee
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, par value
$1.66-2/3 per share ... 1,500,000 $13.625 $20,437,500 $7,047.46
- --------------------------------------------------------------------------------
<FN>
(1) This Registration Statement also covers any additional shares that may
hereafter become issuable as a result of the adjustment and anti-dilution
provisions of the Registrant's Stock Compensation Plan.
(2) Determined in accordance with Rule 457(h), the registration fee calculation
is based on the average of the high and low sales prices per share of the
Registrant's Common Stock reported on the New York Stock Exchange on
August 29, 1994.
</TABLE>
<PAGE>
PART II. INFORMATION REQUIRED IN REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents are incorporated by reference into this
Registration Statement:
(1) The Registrant's Annual Report on Form 10-K for the fiscal year ended
December 31, 1993.
(2) All reports filed by the Registrant pursuant to Section 13(a) or 15(d)
of the Securities Exchange Act of 1934 (the "Exchange Act") since December 31,
1993.
(3) The description of the Common Stock contained in "Business to be
Transacted--2. Plan of Reorganization--Holding Company Common" in the Company's
Proxy Statement/Prospectus dated March 5, 1985, which is filed as Exhibit 28.4
to the Company's Registration Statement on Form 8-B filed pursuant to Section
12(b) of the Exchange Act, dated May 6, 1985.
(4) The description of the Company's Common Stock Purchase Rights under
the Company's Stockholder Rights Plan contained under the caption "Description
of Capital Stock-Stockholder Rights Plan" in the Company's Registration
Statement on Form S-3 (No. 33-33934) filed with the Commission on March 26,
1990.
All other reports subsequently filed by the Registrant pursuant to Section
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-
effective amendment to this Registration Statement that indicates that all
securities offered have been sold or that deregisters all securities that remain
unsold shall be deemed to be incorporated herein by reference 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.
The legality of the Common Stock of the Company which may be issued upon
exercise of stock options, stock options with stock appreciation rights, stock
options with limited stock appreciation rights, stock appreciation rights, or
awards of restricted stock under the Plan has been passed upon by David A.
Channer, Esq., who is an attorney for the Company, a full-time employee of the
Company and is eligible to participate in the Plan.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
II-1
<PAGE>
Section 145(a) of the Delaware General Corporation Law (the "DGCL")
provides in relevant part that "a corporation may indemnify any person who was
or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the corporation), by
reason of the fact that he is or was a director, officer, employee or agent of
the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him in connection with such action, suit or proceeding if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his conduct was unlawful."
With respect to derivative actions, Section 145(b) of the DGCL provides in
relevant part that "[a] corporation may indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation to procure a
judgment in its favor . . . [by reason of his service in one of the capacities
specified in the preceding sentence] against expenses (including attorneys'
fees) actually and reasonably incurred by him in connection with the defense or
settlement of such action or suit if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation unless and only to the extent that the Court of
Chancery or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to
indemnify for such expenses which the Court of Chancery or such other court
shall deem proper."
The Company's Restated Certificate of Incorporation, as amended, Article
Eleventh, provides that each person who is or was or who had agreed to become a
director or officer of the Company or who had agreed at the request of the
Company's Board of Directors or an officer of the Company to serve as an
employee or agent of the Company or as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
shall be indemnified by the Company to the full extent permitted by the DGCL or
any other applicable laws. Such article also provides that the Company may
enter into one or more agreements with any person which provides for
indemnification greater or different than that provided in such Article
Eleventh, and that no amendment or repeal of Article Eleventh shall apply to or
have any effect on the right to indemnification permitted or authorized
thereunder for or with respect to claims asserted before or after such amendment
or repeal arising from acts or omissions occurring in whole or in part before
the effective date of such amendment or repeal.
Section 45 of the Company's bylaws provides that the Company shall
indemnify to the full extent authorized by law any person made or threatened to
be made a party to an action or a proceeding, whether criminal, civil,
administrative or investigative, by reason of the fact that he, his testator or
intestate was or is a director, officer, or employee of the Company or any
predecessor of the Company or serves or served any other enterprise as
II-2
<PAGE>
a director, officer or employee at the request of the Company or any predecessor
of the Company.
The Company has entered into indemnification agreements with its directors
and certain of its officers.
The Company has purchased and maintains insurance on behalf of any person
who is or was a director or officer against any loss arising from any claim
asserted against him and incurred by him in any such capacity, subject to
certain exclusions.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED. Not applicable.
ITEM 8. EXHIBITS.
The exhibits filed as part of this Registration Statement are as follows:
NUMBER AND DESCRIPTION OF EXHIBIT
4.1 Restated Certificate of Incorporation of the Registrant including all
amendments thereto (filed as Exhibit 4.1 to the Registrant's Registration
Statement on Form S-3 (No. 33-55402) filed on December 4, 1992, and
incorporated herein by reference).
4.2 Restated Bylaws of the Registrant including all amendments thereto (filed
as Exhibit 3.2 to the Registrant's Form 10-K Annual Report for the year
ended December 31, 1992, and incorporated herein by reference).
4.3 Specimen Common Stock Certificate (filed as Exhibit 4.5 to the
Registrant's Registration Statement on Form S-3 (No. 33-40502) filed on
May 10, 1991, and incorporated herein by reference).
4.4 Rights Agreement dated as of June 12, 1986 (the "Rights Agreement")
between the Registrant and Chemical Trust Company of California as Rights
Agent (filed as Exhibit 2.1 to the Registrant's Registration Statement on
Form 8-A dated June 25, 1986, and incorporated herein by reference), and
Amendment to the Rights Agreement dated July 7, 1988 (filed as Exhibit 28
to the Registrant's Current Report on Form 8-K dated July 7, 1988, and
incorporated herein by reference).
5.1* Opinion of David A. Channer, Associate General Counsel to the Company.
23.1 Consent of Counsel (included in Exhibit 5.1 filed herewith).
23.2* Consent of DELOITTE & TOUCHE LLP.
24.1* Powers of Attorneys.
- -------------------------
*Filed herewith.
II-3
<PAGE>
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) above 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 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 being offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act 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
II-4
<PAGE>
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, offer 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.
II-5
<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 Boise, State of Idaho, on August 31, 1994.
MORRISON KNUDSEN CORPORATION
By: /s/ Stephen G. Hanks
-----------------------------------
Stephen G. Hanks
Executive Vice President -
Finance and Administration
Pursuant to the requirements of the Securities Act of 1933, this
registration statement, or amendment thereto, has been signed by the following
persons in the capacities and on the date indicated.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
Chairman, President and Chief
/s/ William J. Agee * Executive Officer (Principal August 31, 1994
- ---------------------------- Executive Officer and
(William J. Agee) Director)
Executive Vice President -
/s/ Stephen G. Hanks Finance and Administration
- ---------------------------- (Principal Financial Officer) August 31, 1994
(Stephen G. Hanks)
/s/ Mark E. Howland Vice President and Controller
- ---------------------------- (Principal Accounting Officer) August 31, 1994
(Mark E. Howland)
/s/ John Arrillaga * Director August 31, 1994
- ----------------------------
(John Arrillaga)
/s/ Zbigniew Brzezinski * Director August 31, 1994
- ----------------------------
(Zbigniew Brzezinski)
II-6
<PAGE>
/s/ William P. Clark * Director August 31, 1994
- ----------------------------
(William P. Clark)
/s/ Lindsay E. Fox * Director August 31, 1994
- ----------------------------
(Lindsay E. Fox)
/s/ C. B. Hemmeter * Director August 31, 1994
- ----------------------------
(C. B. Hemmeter)
/s/ Peter S. Lynch * Director August 31, 1994
- ----------------------------
Peter S. Lynch)
- ---------------------------- Director August 31, 1994
(Robert A. McCabe)
- ---------------------------- Director August 31, 1994
(Irene C. Peden)
/s/ Gerard R. Roche * Director August 31, 1994
- ----------------------------
(Gerard R. Roche)
/s/ John W. Rogers, Jr. * Director August 31, 1994
- ----------------------------
(John W. Rogers, Jr.)
- ---------------------------- Director August 31, 1994
(Peter V. Ueberroth)
<FN>
*Stephen G. Hanks, by signing his name hereto, does hereby sign this
Registration Statement on behalf of each of the above-named officers and
directors of Morrison Knudsen Corporation on this 31st day of August, 1994,
pursuant to powers of attorney executed by each such officer and director.
</TABLE>
By: /s/ Stephen G. Hanks
-------------------------------------
Stephen G. Hanks
Attorney-in-Fact
II-7
<PAGE>
EXHIBIT INDEX
NUMBER AND DESCRIPTION OF EXHIBIT
4.1 Restated Certificate of Incorporation of the Registrant including all
amendments thereto (filed as Exhibit 4.1 to the Registrant's Registration
Statement on Form S-3 (No. 33-55402) filed on December 4, 1992, and
incorporated herein by reference).
4.2 Restated Bylaws of the Registrant including all amendments thereto (filed
as Exhibit 3.2 to the Registrant's Form 10-K Annual Report for the year
ended December 31, 1992, and incorporated herein by reference).
4.3 Specimen Common Stock Certificate (filed as Exhibit 4.5 to the
Registrant's Registration Statement on Form S-3 (No. 33-40502) filed on
May 10, 1991, and incorporated herein by reference).
4.4 Rights Agreement dated as of June 12, 1986 (the "Rights Agreement")
between the Registrant and Chemical Trust Company of California as Rights
Agent (filed as Exhibit 2.1 to the Registrant's Registration Statement on
Form 8-A dated June 25, 1986, and incorporated herein by reference), and
Amendment to the Rights Agreement dated July 7, 1988 (filed as Exhibit 28
to the Registrant's Current Report on Form 8-K dated July 7, 1988, and
incorporated herein by reference).
5.1* Opinion of David A. Channer, Associate General Counsel to the Company.
23.1 Consent of Counsel (included in Exhibit 5.1 filed herewith).
23.2* Consent of DELOITTE & TOUCHE LLP.
24.1* Powers of Attorneys.
- -------------------------
*Filed herewith.
<PAGE>
Exhibit 5.1
MORRISON KNUDSEN CORPORATION
MORRISON KNUDSEN CORPORATION
P. O. BOX 73/BOISE, IDAHO U.S.A. 83729
PHONE: (208)386-5395/TELEX:368439
FAX: (208)386-6421
DAVID A. CHANNER
ASSOCIATE GENERAL COUNSEL
August 25, 1994
Morrison Knudsen Corporation
P. O. Box 73
Boise, Idaho 83729
RE: MORRISON KNUDSEN CORPORATION STOCK COMPENSATION PLAN
FORM S-8 REGISTRATION STATEMENT
Gentlemen:
The undersigned has acted as counsel for Morrison Knudsen Corporation, a
Delaware corporation (the "Company"), in the preparation of the referenced Form
S-8 Registration Statement relating to the Company's Stock Compensation Plan
(the "Plan") and the proposed offer of up to 1,500,000 shares of the Company's
common stock, $1.66-2/3 par value (hereinafter referred to as "Common Stock").
In connection with the preparation of said Registration Statement, I have
examined originals or copies of corporate records, certificates of public
officials and of officers of the Company and other instruments relating to the
authorization and issuance of such shares of Common Stock as we have deemed
relevant and necessary for the opinion hereinafter expressed.
On the basis of the foregoing, it is my opinion that the Plan and the proposed
offer thereunder of up to 1,500,000 shares of Common Stock have been duly
authorized by the Board of Directors of the Company, and the shares, when issued
in accordance with the terms and conditions of the Plan, will be legally issued,
fully paid and nonassessable.
I hereby consent to the filing of this opinion as an exhibit to said
Registration Statement on Form S-8 and further consent to the use of my name
wherever appearing in the Registration Statement.
Sincerely,
/s/ David A. Channer
David A. Channer
Associate General Counsel
DAC:tla
<PAGE>
Exhibit 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Morrison Knudsen Corporation on Form S-8 of the report of DELOITTE & TOUCHE LLP
dated February 8, 1994 appearing in the Annual Report on Form 10-K of Morrison
Knudsen Corporation for the year ended December 31, 1993.
/s/ DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
Boise, Idaho
August 30, 1994
<PAGE>
POWER OF ATTORNEY Exhibit 24.1
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ William J. Agee
---------------------------------------------
William J. Agee
Chairman, President and
Chief Executive Officer
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ John Arrillaga
----------------------------------------
John Arrillaga
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ Zbigniew Brzezinski
----------------------------------------
Zbigniew Brzezinski
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ William P. Clark
----------------------------------------
William P. Clark
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ Lindsay E. Fox
----------------------------------------
Lindsay E. Fox
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ Christopher B. Hemmeter
----------------------------------------
Christopher B. Hemmeter
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ Peter S. Lynch
----------------------------------------
Peter S. Lynch
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ Gerard R. Roche
----------------------------------------
Gerard R. Roche
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, a director or
officer or both, of Morrison Knudsen Corporation, a Delaware corporation (the
"Company"), does hereby appoint James F. Cleary, Jr., Stephen G. Hanks, and
Mark E. Howland, and each of them, jointly and severally, with full power of
substitution and resubstitution, his true and lawful attorneys-in-fact and
agents (with full power and authority to act alone) to do any and all acts and
things and to execute any and all instruments which said attorneys-in-fact and
agents, or any one of them, may deem necessary or advisable to enable the
Company to comply with the requirements of the Securities and Exchange
Commission (the "Commission") and any rules, regulations or requirements of any
other regulatory authority, whether federal, state or otherwise, in connection
with the filing under the Securities Act of 1933, as amended, of the Company's
Registration Statement on Form S-8, including all amendments and post-effective
amendments thereto (collectively, the "Registration Statement"), relating to the
proposed offer of up to an aggregate of 1,500,000 shares of Morrison Knudsen
Corporation Common Stock, $1.66-2/3 par value, to be issued upon the award of
restricted stock, or the exercise of stock options, stock appreciation rights
and limited stock appreciation rights, under the Morrison Knudsen Corporation
Stock Compensation Plan, as amended, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign for
and on behalf of the undersigned the name of the undersigned as officer and/or
director of the Company to the Registration Statement filed with the Commission
and to any instruments or documents filed as a part of, as an exhibit to, or in
connection with said Registration Statement; and the undersigned does hereby
ratify and confirm as his own act and deed all that said attorneys-in-fact and
agents, and each of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents this
12th day of August, 1994.
/s/ John W. Rogers, Jr.
----------------------------------------
John W. Rogers, Jr.
