<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 14, 2000.
REGISTRATION NO. 333-
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------
HONEYWELL INTERNATIONAL INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
<TABLE>
<S> <C>
DELAWARE 22-2640650
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
</TABLE>
101 COLUMBIA ROAD
P.O. BOX 4000
MORRISTOWN, NEW JERSEY 07962-2497
(973) 455-2000
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
-------------------
PETER M. KREINDLER, ESQ.
SENIOR VICE PRESIDENT AND GENERAL COUNSEL
HONEYWELL INTERNATIONAL INC.
101 COLUMBIA ROAD
MORRIS TOWNSHIP, NEW JERSEY 07962-2497
(973) 455-2000
(NAME, ADDRESS, INCLUDING ZIP CODE, AND
TELEPHONE NUMBER OF AGENT FOR SERVICE)
-------------------
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: From time
to time after the effective date of this registration statement.
If the only securities being registered on this form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. [ ]
If any of the securities being registered on this form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, check the following box. [x]
If this form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [ ]
If this form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]
-------------------
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
PROPOSED MAXIMUM
PROPOSED MAXIMUM AGGREGATE
TITLE OF EACH CLASS OF SECURITIES AMOUNT TO BE OFFERING PRICE OFFERING AMOUNT OF
TO BE REGISTERED REGISTERED PER SHARE(1) PRICE(1) REGISTRATION FEE
- ---------------------------------- ------------ ---------------- ---------------- -----------------
<S> <C> <C> <C> <C>
Common Stock, par value $1.00 per
share........................... 38,252 shares $52.96875 $2,026,161 $534.91
</TABLE>
(1) Estimated in accordance with Rule 457(h) of the Securities Act of 1933
solely for the purpose of calculating the registration fee based upon an
assumed price of $52.96875, the average of the high and low sales prices of
the Common Stock of Honeywell International Inc. on the New York Stock
Exchange Composite Tape on April 10, 2000.
(2) Does not include shares of common stock of Honeywell International Inc.
covered by Registration Statement No. 333-49455 being carried over to this
Registration Statement or the registration fee previously paid with respect
to such shares of common stock.
Pursuant to Rule 429 under the Securities Act, the prospectus included in
this Registration Statement also relates to 525,208 shares of common stock
registered and remaining unsold as of the date of filing of this Registration
Statement under Registration Statement No. 333-49455 previously filed by the
Registrant, with respect to which the filing fee of $6,570.28 has previously
been paid to the Commission. This Registration Statement constitutes
Post-Effective Amendment No. 1 to Registration Statement No. 333-49455.
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF
THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a),
MAY DETERMINE.
________________________________________________________________________________
<PAGE>
THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. THESE
SECURITIES MAY NOT BE SOLD UNTIL THE REGISTRATION STATEMENT FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER
TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE
SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.
SUBJECT TO COMPLETION, DATED AS OF APRIL 14, 2000.
PROSPECTUS
563,460 SHARES
[HONEYWELL LOGO]
HONEYWELL INTERNATIONAL INC.
101 COLUMBIA ROAD
MORRIS TOWNSHIP, NEW JERSEY 07962
(973) 455-2000
COMMON STOCK
-------------------
This prospectus relates to the offering for resale of 563,460 shares of
common stock of Honeywell International Inc. (formerly known as AlliedSignal
Inc.). All of the common stock being registered may be offered and sold from
time to time by certain selling stockholders of Honeywell. Honeywell will not
receive any proceeds from the sale of the common stock by the selling
stockholders.
Our common stock is listed on the New York, Chicago and Pacific stock
exchanges under the symbol 'HON'. On April 13, 2000, the last reported sales
price for the common stock was $55 7/16 per share.
YOU SHOULD READ THE 'RISK FACTORS' SECTION ON PAGE 3 OF THIS PROSPECTUS FOR
A DESCRIPTION OF VARIOUS RISKS IN EVALUATING WHETHER TO BUY THE COMMON STOCK.
-------------------
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER REGULATORY BODY HAS
APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
-------------------
THE DATE OF THIS PROSPECTUS IS .
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
Risk Factors................................................ 3
Honeywell................................................... 4
Selling Stockholders........................................ 5
Manner of Offering.......................................... 5
Experts..................................................... 6
Legal Opinion............................................... 7
Where You Can Find More Information......................... 7
Cautionary Statement Concerning Forward-Looking
Statements................................................ 8
</TABLE>
-------------------
You should rely only on the information incorporated by reference or
provided in this prospectus. We have authorized no one to provide you with
different information. These securities are not being offered in any state where
such offer is not permitted. You should not assume that the information in this
prospectus is accurate as of any date other than the date on the front page of
the prospectus.
2
<PAGE>
RISK FACTORS
A LARGE DECLINE IN THE AEROSPACE MARKET COULD HAVE A NEGATIVE IMPACT ON OUR
REVENUES AND RESULTS OF OPERATIONS, GIVEN THAT A SIGNIFICANT PERCENTAGE OF OUR
SALES ARE TO AEROSPACE CUSTOMERS.
In 1999, approximately 42% of our sales were to aerospace customers.
Approximately 15% of our 1999 sales were to original equipment aerospace
manufacturers. If there were a large decline in sales of aircraft that use our
components, our sales revenue and results of operations could be negatively
impacted. In addition, approximately 19% of our 1999 sales were to aftermarket
customers of aerospace products and services. If there were a large decline in
the operation of aircraft that use our components or services, our sales revenue
and results of operations could be negatively impacted.
THE PRICE OF THE COMMON STOCK MAY BE ADVERSELY AFFECTED IF THE COST SAVINGS
AND SALES ENHANCEMENTS EXPECTED AS A RESULT OF THE INTEGRATION OF ALLIEDSIGNAL
INC. AND HONEYWELL INC. ARE NOT REALIZED.
We expect that our integration following our combination on December 1, 1999
will provide significant cost savings and enhanced sales. However, our success
in realizing these cost savings and sales enhancements, and the timing of this
realization, depends on the quality and speed of the integration of the two
companies. Our integration team has identified specific areas for cost savings
and has developed a comprehensive plan for the integration of our two companies.
However, we may not realize the cost savings and sales enhancements that we
anticipate from integrating our operations as fully or as quickly as we expect
for a number of reasons, including:
our large size and worldwide presence and the resulting complexity of
our organizations;
errors in our planning or integration; and
unexpected events such as major changes in the markets in which we
operate.
If we do not realize the cost savings and sales enhancements that we
anticipate from integrating our operations as fully or as quickly as we expect,
the price of our common stock may decline.
WE MAY BE REQUIRED TO MAKE SIGNIFICANT PAYMENTS WHEN OUR LITIGATION WITH
LITTON SYSTEMS, INC. IS RESOLVED.
Litton Systems, Inc. has filed two lawsuits against us alleging that we
engage in monopolistic practices in violation of federal antitrust laws and
infringed a Litton patent. Depending on the ultimate resolution of these
lawsuits, including possible settlement thereof, we may be required to make
significant payments.
In January 1999, a federal District Court entered a $750 million judgment
against us on Litton's antitrust claim. On September 23, 1999, the District
Court made certain dispositive rulings which in effect reduced that judgment to
$660 million plus attorney fees and costs of approximately $35 million. Both
parties have appealed the judgment to the U.S. Court of Appeals for the Ninth
Circuit. Our obligation to satisfy this judgment is suspended pending the
appeals.
In January 1995, a $1.2 billion jury verdict rendered against us in the
patent infringement suit was set aside by a federal District Court. On appeal,
the Litton patent was found to be valid but not literally infringed by us. The
matter was returned to the District Court for further review under the so-called
doctrine of equivalents. On September 23, 1999 the District Court granted our
motions for judgment as a matter of law as to all of Litton's remaining patent
infringement and state law claims. Litton is expected to once again seek an
appeal and another jury trial.
Although it is not possible at this time to predict the result of any
eventual appeals in these cases, potential remains for an adverse outcome which
could be material to our financial position or results of operations. As a
result of the uncertainty regarding the outcome of this litigation, no provision
has been made in the financial statements with respect to this contingent
liability.
3
<PAGE>
HONEYWELL
Honeywell, a Delaware corporation, is a diversified technology and
manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry; automotive
products; power generation systems; specialty chemicals; fibers; plastics; and
electronic and advanced materials. We employ approximately 120,000 people in 95
countries.
Honeywell results from the combination on December 1, 1999 of AlliedSignal
Inc. and Honeywell Inc. In connection with the combination, AlliedSignal Inc.
changed its name to Honeywell International Inc.
4
<PAGE>
SELLING STOCKHOLDERS
The following table sets forth certain information with respect to the
shares of common stock beneficially owned and being offered under this
prospectus by the stockholders listed below. All of the common stock offered
hereby was issued to or for the benefit of Tensor, Inc. or Tensor's stockholders
in accordance with an Agreement and Plan of Reorganization between Tensor and
Honeywell dated March 31, 1998 (the 'Acquisition Agreement'). The common stock
offered by this prospectus was issued in exchange for substantially all of the
assets of Tensor in accordance with the Acquisition Agreement. The offer and
sale of the common stock offered by this prospectus is being registered pursuant
to registration rights granted the selling stockholders in connection with our
acquisition of Tensor's assets.
<TABLE>
<CAPTION>
SHARES OF
SHARES OF SHARES OF COMMON STOCK
COMMON STOCK COMMON STOCK BENEFICIALLY
BENEFICIALLY OFFERED OWNED AFTER
NAME OWNED(1) HEREBY(1) OFFERING(1)(2)
---- -------- --------- --------------
<S> <C> <C> <C>
George F. Roberts(3)............................... 314,826 313,347 1,479
Robert L. Waters(4)................................ 111,901 111,547 354
John L. Marsh...................................... 33,368 33,368 0
Edward C. Fraser and Marjorie E. Fraser, Trustees
of The Fraser Revocable Inter Vivos Trust dated
June 30, 1982.................................... 5,600 5,193 407
Henry S. More and Adelle A. More, Trustees of the
More Family 1998 Trust dated March 20, 1998...... 26,367 25,963 404
Lawrence R. Bulduc and Shirley A. Bulduc, Trustees
of the Lawrence R. Bulduc and Shirley A. Bulduc
1996 Revocable Trust dated April 24, 1996........ 17,231 17,001 230
Hart-Wood & Co., a Professional Corporation........ 15,802 15,802 0
Sarah Heather...................................... 9,602 9,602 0
Tensor, Inc........................................ 31,637 31,637 0
</TABLE>
- ---------
(1) Less than 1% of common stock outstanding. The number of shares of common
stock set forth in the table are as of January 31, 2000, as adjusted for
additional shares of common stock issued to the selling stockholders
pursuant to the Acquisition Agreement between January 31, 2000 and the date
of this prospectus.
(2) Assumes all shares of common stock offered hereby are sold in this offering.
There is no assurance that the selling stockholders will sell any or all of
the shares of common stock offered hereby.
(3) Includes 8,097 shares of common stock held in escrow subject to certain
contingencies in connection with the Acquisition Agreement.
(4) Includes 4,049 shares of common stock held in escrow subject to certain
contingencies in connection with the Acquisition Agreement.
Messrs. Roberts, Waters, Fraser, More and Bulduc became employees of
Honeywell at the time of the acquisition of Tensor assets by Honeywell, at which
time they entered into retention agreements with Honeywell.
MANNER OF OFFERING
The shares of common stock offered by this prospectus may be sold from time
to time by the selling stockholders, or by pledgees, donees, transferees or
other successors in interest. Such sales may be made on one or more stock
exchanges or in the over-the-counter market or otherwise, at prices and at terms
then prevailing or at prices related to the then current market price, or in
negotiated transactions. The shares of common stock may be sold in one or more
of the following:
a block trade in which the broker-dealer so engaged will attempt to
sell the shares as agent but may position and resell a portion of the
block as principal to facilitate the transaction;
5
<PAGE>
purchases by a broker-dealer as principal and resale by such
broker-dealer for its account pursuant to this prospectus;
an exchange distribution in accordance with the rules of such exchange;
and
ordinary brokerage transactions and transactions in which the broker
solicits purchasers.
In effecting sales, broker-dealers engaged by the selling stockholders may
arrange for other broker-dealers to participate in resales.
In connection with distribution of the shares of common stock offered by
this prospectus or otherwise, the selling stockholders may:
enter into hedging transactions with broker-dealers and in connection
with such transactions, broker-dealers may engage in short sales of
shares of common stock registered hereunder in the course of hedging
the positions they assume with the selling stockholders;
sell shares of common stock short and redeliver the shares of common
stock registered hereunder to close out such short positions;
enter into option or other transactions with broker-dealers which
require the delivery to the broker-dealer of the shares of common stock
registered hereunder, which the broker-dealer may resell or otherwise
transfer pursuant to this prospectus;
loan or pledge the shares of common stock registered hereunder to a
broker-dealer and the broker-dealer may sell the shares of common stock
so loaned or upon default the broker-dealer may effect sales of the
pledged shares pursuant to this prospectus;
pledge shares of common stock registered hereunder to a lender other
than a broker-dealer, and upon default such lender may sell the pledged
shares of common stock pursuant to this prospectus; or
contribute or sell shares of common stock offered hereunder to trusts
or other entities for the benefit of the contributing selling
stockholder and members of his or her family.
Broker-dealers or agents may receive compensation in the form of
commissions, discounts or concessions from the selling stockholders in amounts
to be negotiated in connection with the sale of common stock. Such
broker-dealers and any other participating broker-dealers may be deemed to be
'underwriters' within the meaning of the Securities Act of 1933 in connection
with such sales and any such commission, discount or concession may be deemed to
be underwriting discounts or commissions under the Securities Act. In addition,
any securities covered by the prospectus which qualify for sale under Rule 144
under the Securities Act may be sold pursuant to Rule 144 rather than pursuant
to this prospectus.
All costs, expenses and fees in connection with the registration of the
shares of common stock offered hereby shall be borne by Honeywell. Commissions
and discounts, if any, attributable to the sales of shares of common stock
hereunder will be borne by the selling stockholders. The selling stockholders
may agree to indemnify any broker-dealer or agent that participates in
transaction involving sales of shares of common stock against certain
liabilities, including liabilities arising under the Securities Act. Honeywell
has agreed to indemnify the selling stockholders against certain liabilities in
connection with the offering of the shares of common stock under this
prospectus, including liabilities arising under the Securities Act.
EXPERTS
The audited financial statements incorporated in this prospectus by
reference to the Annual Report on Form 10-K of Honeywell International Inc. for
the year ended December 31, 1999, except as they relate to Honeywell Inc. (a
wholly-owned subsidiary of Honeywell International Inc.) as of and for the two
years ended December 31, 1998, have been audited by PricewaterhouseCoopers LLP,
independent accountants, and, insofar as they relate to Honeywell Inc. as of and
for the two years ended December 31, 1998, by Deloitte & Touche LLP, independent
accountants. Such financial statements have been so incorporated in reliance on
the reports of such independent accountants given on the authority of such firms
as experts in auditing and accounting.
6
<PAGE>
LEGAL OPINION
The legality of the common stock offered by this prospectus is being passed
upon for Honeywell by J. Edward Smith, Assistant General Counsel, Corporate and
Finance, of Honeywell. Mr. Smith owns shares of common stock and has options to
purchase additional shares of common stock.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements and other
information with the SEC. You may read and copy any document we file at the
SEC's public reference rooms in the following locations:
<TABLE>
<S> <C> <C>
Public Reference Room New York Regional Office Chicago Regional Office
450 Fifth Street, N.W. 7 World Trade Center Citicorp Center
Room 1024 Suite 1300 500 West Madison Street
Washington, DC 20549 New York, NY 10048 Suite 1400
Chicago, IL 60661
</TABLE>
Please call the SEC at 1-800-SEC-0330 for further information on the public
reference rooms. Our SEC filings are also available to the public at the SEC's
web site at http://www.sec.gov.
You may also inspect reports, proxy statements and other information about
Honeywell at the offices of the New York Stock Exchange Inc., 20 Broad Street,
New York, NY 10005; the Chicago Stock Exchange, One Financial Place, 440 South
LaSalle Street, Chicago, IL 60605; and the Pacific Exchange, 301 Pine Street,
San Francisco, CA 94104.
The SEC allows us to 'incorporate by reference' into this prospectus the
information we file with it, which means that we can disclose important
information to you by referring you to those documents. The information
incorporated by reference is considered to be a part of this prospectus, and
information filed with the SEC after the date of this prospectus will update and
supersede information on file with the SEC as of the date of this prospectus. We
incorporate by reference:
<TABLE>
<CAPTION>
HONEYWELL'S SEC FILINGS (FILE NO. 1-8974) DESCRIPTION, PERIOD OR DATE
- ----------------------------------------- ---------------------------
<S> <C>
Annual Report on Form 10-K Year ended December 31, 1999
Current Reports on Form 8-K Filed January 21, February 14 and February 29, 2000
Registration Statement on Form 8-B Filed August 16, 1985, containing a description of
the common stock
</TABLE>
We incorporate by reference additional documents that we may file with the
SEC after the date of this prospectus. These documents include periodic reports,
which may include Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K, as well as proxy statements.
You can obtain any of the documents incorporated by reference in this
prospectus through us, or from the SEC through the SEC's web site at the address
provided above. Documents incorporated by reference are available from us
without charge, excluding any exhibits to those documents unless the exhibit is
specifically incorporated by reference as an exhibit in this prospectus. You can
obtain documents incorporated by reference in this prospectus free of charge by
requesting them in writing or by telephone from us at the following address and
telephone number:
Honeywell International Inc.
101 Columbia Road
P.O. Box 2245
Morris Township, NJ 07962-2245
Attention: Corporate Publications
Telephone No.: (973) 455-5402
7
<PAGE>
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
We have made forward-looking statements in this document and in documents
that are incorporated by reference in this document that are subject to risks
and uncertainties. Forward-looking statements include information concerning
possible or assumed future actions, events or results of operations of
Honeywell. Forward-looking statements include the information in this document,
specifically, regarding:
<TABLE>
<S> <C>
efficiencies business diversification
cost savings future economic performance
sales enhancements future acquisitions
income and margins management's plans
earnings per share business portfolios
free cash flow growth merger integration related expenses
</TABLE>
With respect to all forward-looking statements, we claim the protection of the
safe harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.
You should understand that the following important factors, in addition to
those discussed elsewhere in this document and in the documents which are
incorporated by reference, could affect the future results of Honeywell and
could cause those results or other outcomes to differ materially from those
expressed or implied in our forward-looking statements:
ECONOMIC AND INDUSTRY CONDITIONS
materially adverse changes in economic and industry conditions and customer
demand generally or in the markets served by us
supply and demand for and pricing of supplies and components
changes in demographics and consumer preferences or demands for our goods
and services
fluctuations of foreign currencies
COMPETITIVE FACTORS
the competitiveness of product substitutes
the actions of competitors
new technologies
industry consolidation
deregulation
OPERATING FACTORS
supply disruptions
acquisitions or divestitures
changes in operating conditions and costs
risks relating to performance of contracts, including dependence on
performance of third-parties
availability of intellectual property rights for newly developed products
changes in regulatory environment
the challenges inherent in diverting management's focus and resources from
other strategic opportunities and from operational matters during merger
integration
the impact of the loss of employees
8
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
<TABLE>
<S> <C>
Securities and Exchange Commission Registration Fee......... $ 535
Printing.................................................... 2,000*
Accountants' Fees and Expenses.............................. 8,000*
Miscellaneous Expenses...................................... 1,465*
-------
Total................................................... $12,000*
-------
-------
</TABLE>
- ---------
* Estimated.
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 145 of the Delaware General Corporation Law (DGCL) provides that a
corporation may indemnify directors and officers as well as other employees and
individuals against expenses (including attorneys' fees), judgments, fines, and
amounts paid in settlement in connection with specified actions, suits,
proceedings whether civil, criminal, administrative, or investigative (other
than action by or in the right of the corporation -- a `derivative action'), if
they acted in good faith and in a manner they reasonably believed to be in or
not opposed to the best interests of the corporation and, with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct
was unlawful. A similar standard is applicable in the case of derivative
actions, except that indemnification only extends to expenses (including
attorneys' fees) incurred in connection with the defense or settlement of such
action, and the statute requires court approval before there can be any
indemnification where the person seeking indemnification has been found liable
to the corporation. The statute provides that it is not exclusive of other
indemnification that may be granted by a corporation's charter, by-laws,
disinterested director vote, shareowner vote, agreement, or otherwise.
Section 102(b)(7) of the DGCL permits a corporation to provide in its
certificate of incorporation that a director of the corporation shall not be
personally liable to the corporation or its shareowners for monetary damages for
breach of fiduciary duty as a director, except for liability for (i) any breach
of the director's duly of loyalty to the corporation or its shareowners,
(ii) acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii) payment of unlawful dividends or unlawful
stock purchases or redemptions, or (iv) any transaction from which the director
derived an improper personal benefit.
Under Article ELEVENTH of Honeywell's Restated Certificate of Incorporation,
each person who is or was a director or officer of Honeywell, and each director
or officer of Honeywell who serves or served any other enterprise or
organization at the request of Honeywell, shall be indemnified by Honeywell to
the full extent permitted by the Delaware General Corporation Law.
Under the DGCL, to the extent that such a person is successful on the merits
or otherwise in defense of a suit or proceeding brought against such person by
reason of the fact that such person is or was a director or officer of
Honeywell, or serves or served any other enterprise or organization at the
request of Honeywell, such person shall be indemnified against expenses
(including attorneys' fees) actually and reasonably incurred in connection with
such action.
If unsuccessful in defense of a third-party civil suit or a criminal suit,
or if such a suit is settled, such a person shall be indemnified under such law
against both (1) expenses (including attorneys' fees) and (2) judgments, fines
and amounts paid in settlement if such person acted in good faith and in a
manner such person reasonably believed to be in, or not opposed to, the best
interests of Honeywell, and with respect to any criminal action, had no
reasonable cause to believe such person's conduct was unlawful.
If unsuccessful in defense of a suit brought by or in the right of
Honeywell, or if such suit is settled, such a person shall be indemnified under
such law only against expenses (including attorneys' fees) actually and
reasonably incurred in the defense or settlement of such suit if such person
acted in good
II-1
<PAGE>
faith and in a manner such person reasonably believed to be in, or not opposed
to, the best interests of Honeywell except that if such a person is adjudged to
be liable in such suit to Honeywell, such person cannot be made whole even for
expenses unless the court determines that such person is fairly and reasonably
entitled to indemnity for such expenses.
In addition, Honeywell maintains directors' and officers' reimbursement and
liability insurance pursuant to standard form policies. The risks covered by
such policies include certain liabilities under the securities laws.
ITEM 16. EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NO.
- -----------
<C> <S>
2 -- Agreement and Plan of Reorganization between Tensor, Inc.
and AlliedSignal Inc. dated March 31, 1998 (incorporated
by reference to Exhibit 2 to our Registration Statement on
Form S-3 filed April 6, 1998 (Reg. No. 333-49455).
4.1 -- Honeywell's Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3(i) to our
Form 8-K filed December 3, 1999).
4.2 -- Honeywell's By-laws, as amended (incorporated by
reference to Exhibit 3(ii) to our Form 8-K filed
December 3, 1999).
5 -- Opinion of J. Edward Smith, Esq., with respect to the
legality of the securities being registered hereby (filed
herewith).
23.1 -- Consent of PricewaterhouseCoopers LLP (filed herewith).
23.2 -- Consent of Deloitte & Touche LLP (filed herewith).
23.3 -- The consent of J. Edward Smith, Esq. is contained in his
opinion filed as Exhibit 5 to this registration statement.
24 -- Powers of Attorney (filed herewith).
</TABLE>
ITEM 17. 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 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; and
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed by the registrant
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934 that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the
termination of the offering.
(4) For purposes of determining any liability under the Act, the
information omitted from the form of prospectus filed as part of this
registration statement in reliance upon Rule 430A and contained in a form of
prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or
497(b)
II-2
<PAGE>
under the Act shall be deemed to be part of this registration statement as
of the time it was declared effective.
(5) 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
Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment
by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.
(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 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.
II-3
<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-3 and has duly caused this amended
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the Township of Morris, State of New Jersey, on the 14th day
of April, 2000.
HONEYWELL INTERNATIONAL INC.
By: /s/ RICHARD F. WALLMAN
..................................
RICHARD F. WALLMAN
SENIOR VICE PRESIDENT AND CHIEF
FINANCIAL OFFICER
Pursuant to the requirements of the Securities Act of 1933, this amended
registration statement has been signed by the following persons in the
capacities and on the dates indicated.
<TABLE>
<CAPTION>
NAME TITLE DATE
---- ----- ----
<C> <S> <C>
* Director, Chairman and Chief
......................................... Executive Officer
(MICHAEL R. BONSIGNORE)
* Director
.........................................
(HANS W. BECHERER)
* Director
.........................................
(GORDON M. BETHUNE)
* Director
.........................................
(MARSHALL N. CARTER)
* Director
.........................................
(JAIME CHICO PARDO)
* Director
.........................................
(ANN M. FUDGE)
* Director
.........................................
(JAMES J. HOWARD)
* Director
.........................................
(BRUCE KARATZ)
* Director
.........................................
(ROBERT P. LUCIANO)
* Director
.........................................
(RUSSELL E. PALMER)
* Director
.........................................
(IVAN G. SEIDENBERG)
* Director
.........................................
(ANDREW C. SIGLER)
</TABLE>
II-4
<PAGE>
<TABLE>
<CAPTION>
NAME TITLE DATE
---- ----- ----
<C> <S> <C>
* Director
.........................................
(JOHN R. STAFFORD)
* Director
.........................................
(MICHAEL W. WRIGHT)
/S/ RICHARD F. WALLMAN Senior Vice President and Chief April 14, 2000
......................................... Financial Officer (Principal
(RICHARD F. WALLMAN) Financial Officer)
/S/ RICHARD J. DIEMER, JR. Vice President and Controller April 14, 2000
......................................... (Principal Accounting Officer)
(RICHARD J. DIEMER, JR.)
* /S/ PETER M. KREINDLER April 14, 2000
By: .....................................
(PETER M. KREINDLER
ATTORNEY-IN-FACT)
</TABLE>
II-5
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NO. DESCRIPTION PAGE
--- ----------- ----
<C> <S> <C>
1 --Omitted (inapplicable)...................................
2 --Agreement and Plan of Reorganization between Tensor, Inc.
and AlliedSignal Inc. dated March 31, 1998 (incorporated
by reference to Exhibit 2 to our Registration Statement on
Form S-3 filed April 6, 1998 (Reg. No. 333-49455)........
4.1 --Honeywell's Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3(i) to our Form 8-K
filed December 3, 1999)..................................
4.2 --Honeywell's By-laws, as amended (incorporated by
reference to Exhibit 3(ii) to our Form 8-K filed
December 3, 1999)........................................
5 --Opinion of J. Edward Smith, Esq., with respect to the
legality of the securities being registered hereby (filed
herewith)................................................
8 --Omitted (inapplicable)...................................
12 --Omitted (inapplicable)...................................
15 --Omitted (inapplicable)...................................
23.1 --Consent of PricewaterhouseCoopers LLP (filed herewith)...
23.2 --Consent of Deloitte & Touche LLP (filed herewith)........
23.3 --The consent of J. Edward Smith, Esq. is contained in his
opinion filed as Exhibit 5 to this registration
statement................................................
24 --Powers of Attorney (filed herewith)......................
25 --Omitted (inapplicable)...................................
26 --Omitted (inapplicable)...................................
27 --Omitted (inapplicable)...................................
28 --Omitted (inapplicable)...................................
99 --Omitted (inapplicable)...................................
</TABLE>
<PAGE>
Exhibit 5
Honeywell
Law Department
P.O. Box 2245
Morristown, NJ 07962-2245
April 14, 2000
Honeywell International Inc.
101 Columbia Road
Morristown, NJ 07962
Ladies and Gentlemen:
As Assistant General Counsel, Corporate and Finance, of Honeywell
International Inc., a Delaware corporation (the "Company"), I have examined the
restated certificate of incorporation and bylaws of the Company as well as such
other documents and proceedings as I have considered necessary for the purposes
of this opinion. I have also examined and am familiar with the Company's
registration statement on Form S-3 (the "Registration Statement") as filed
with the Securities and Exchange Commission under the Securities Act of 1933,
as amended, relating to 38,252 shares of the Company's Common Stock, par
value $1.00 per share (the "Common Shares"), which may be offered or sold by
the selling stockholders referred to in the Registration Statement.
Based upon the foregoing, and having regard to legal considerations
which I deem relevant, I am of the opinion that the Common Shares are validly
issued, fully paid and non-assessable.
I hereby consent to the inclusion of this opinion letter as an exhibit
to the Registration Statement and the reference to me under the caption "Legal
Opinion". In giving such consent, I do not thereby admit that I am in the
category of persons whose consent is required under Section 7 of the Securities
Act.
Very truly yours,
/s/ J. Edward Smith
J. Edward Smith
Assistant General Counsel
Corporate and Finance
<PAGE>
Exhibit 23.1
Consent of Independent Accountants
We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of our report dated January 27, 2000, except as to the
subsequent event described in Note 25 which is as of February 4, 2000, relating
to the financial statements, which appears in the 1999 Annual Report to
Shareowners of Honeywell International Inc. (the "Company"), which is
incorporated by reference in the Company's Annual Report on Form 10-K for the
year ended December 31, 1999. We also consent to the reference to us under the
heading "Experts" in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Florham Park, New Jersey
April 13, 2000
<PAGE>
Exhibit 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Honeywell International Inc. on Form S-3 of our report dated February 10, 1999
appearing in the Annual Report on Form 10-K of Honeywell International Inc. for
the year ended December 31, 1999, and to the reference to us under the heading
"Experts" in the Prospectus, which is part of such Registration Statement.
/s/ Deloitte & Touche LLP
Parsipanny, New Jersey
April 13, 2000
<PAGE>
Exhibit 24
POWER OF ATTORNEY
I, Michael R. Bonsignore, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy, Peter
M. Kreindler, Richard F. Wallman, Kathleen M. Gibson, Richard J. Diemer, Jr. and
James V. Gelly, each with power to act without the other and with power of
substitution and resubstitution, as my attorney-in-fact to sign on my behalf in
my capacity as a director of the Company one or more registration statements
under the Securities Act of 1933, or any amendment or post-effective amendment
to any registration statement heretofore or hereafter filed by the Company on
Form S-3 or other appropriate form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Michael R. Bonsignore
----------------------------
Michael R. Bonsignore
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Hans W. Becherer, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact
to the extent that they confer authority to sign the above-described documents.
/s/ Hans W. Becherer
----------------------
Hans W. Becherer
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Gordon M. Bethune, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Gordon M. Bethune
-------------------------
Gordon M. Bethune
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Marshall N. Carter, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact
to the extent that they confer authority to sign the above-described
documents.
/s/ Marshall N. Carter
----------------------------
Marshall N. Carter
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Ann M. Fudge, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Ann M. Fudge
-----------------------
Ann M. Fudge
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, James J. Howard, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ James J. Howard
--------------------
James J. Howard
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Bruce Karatz, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Bruce Karatz
----------------
Bruce Karatz
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Robert P. Luciano, a director of Honeywell International Inc., a
Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Robert P. Luciano
---------------------
Robert P. Luciano
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Russell E. Palmer, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Russell E. Palmer
---------------------
Russell E. Palmer
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Jaime Chico Pardo, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Jaime Chico Pardo
---------------------
Jaime Chico Pardo
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Ivan G. Seidenberg, a director of Honeywell International
Inc., a Delaware corporation (the "Company"), hereby appoint Lawrence A.
Bossidy, Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen
M. Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Ivan G. Seidenberg
---------------------
Ivan G. Seidenberg
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Andrew C. Sigler, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Andrew C. Sigler
---------------------
Andrew C. Sigler
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, John R. Stafford, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ John R. Stafford
--------------------
John R. Stafford
Dated: December 3, 1999
<PAGE>
POWER OF ATTORNEY
I, Michael W. Wright, a director of Honeywell International Inc.,
a Delaware corporation (the "Company"), hereby appoint Lawrence A. Bossidy,
Michael R. Bonsignore, Peter M. Kreindler, Richard F. Wallman, Kathleen M.
Gibson, Richard J. Diemer, Jr. and James V. Gelly, each with power to act
without the other and with power of substitution and resubstitution, as my
attorney-in-fact to sign on my behalf in my capacity as a director of the
Company one or more registration statements under the Securities Act of 1933, or
any amendment or post-effective amendment to any registration statement
heretofore or hereafter filed by the Company on Form S-3 or other appropriate
form for the registration of:
(i) debt securities of the Company (which may be convertible into
or exchangeable for or accompanied by warrants to purchase debt or equity
securities of the Company, its subsidiaries, joint ventures or affiliates or
another person or entity, provided the number of shares of the Company's Common
Stock into or for which such debt securities may be converted or exchanged or
which may be issued upon exercise of such warrants shall not exceed 25,000,000,
as adjusted for stock splits and dividends) with aggregate proceeds not to
exceed $3 billion (or the equivalent thereof in any foreign currency), including
any accompanying warrants and any guarantees by the Company of such debt
securities of its subsidiaries, joint ventures or affiliates;
(ii) preferred stock of the Company (which may be convertible
into or redeemable or exchangeable for Common Stock or other securities or
property of the Company) with proceeds not to exceed $500 million;
(iii) debt securities, Common Stock or preferred stock of the
Company or warrants to purchase such securities to be issued in exchange for
debt or equity securities of the Company, its subsidiaries, joint ventures or
affiliates with an aggregate principal amount, liquidation preference or value
not to exceed $815,740,000;
(iv) any securities into or for which any of the securities
specified in clauses (i), (ii) or (iii) are convertible or exchangeable or which
may be issued upon exercise thereof; and
(v) shares of Common Stock of the Company sold or otherwise
disposed of to carry out transactions (a) which have been specifically
authorized by the Board of Directors, and any warrants to purchase such shares,
or (b) not requiring specific authorization by the Board of Directors (not to
exceed in any one transaction the lesser of (1) two percent of the Common Stock
of the Company issued and outstanding at the end of the preceding fiscal year,
as adjusted for stock splits and stock dividends, or (2) shares having a market
value of $200,000,000), and any warrants to purchase such shares.
I hereby grant to each such attorney full power and authority to
perform every act necessary to be done as fully as I might do in person.
I hereby revoke any or all prior appointments of attorneys-in-fact to
the extent that they confer authority to sign the above-described documents.
/s/ Michael W. Wright
---------------------
Michael W. Wright
Dated: December 3, 1999
