As filed with the Securities and Exchange Commission on September 26, 1996.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AUTOMATIC DATA PROCESSING, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 22-1467904
(STATE OR OTHER (I.R.S. EMPLOYER
JURISDICTION OF INCORPORATION) IDENTIFICATION NO.)
ONE ADP BOULEVARD
ROSELAND, NEW JERSEY 07068
PHONE: (201) 994-5000
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
JAMES B. BENSON, ESQ.
CORPORATE VICE PRESIDENT AND GENERAL COUNSEL
ONE ADP BOULEVARD
ROSELAND, NEW JERSEY 07068
(201) 994-5000
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
COPY TO:
RICHARD S. BORISOFF, ESQ.
PAUL, WEISS, RIFKIND, WHARTON & GARRISON
1285 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10019
(212) 373-3000
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: From time
to time or at one time after the effective date of this Registration Statement
as determined by the Selling Stockholders.
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 of the Securities Act of
1933, other than securities offered only in connection with dividend or
interest reinvestment plans, check the following box: [ X ]
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
<S> <C> <C> <C> <C>
SHARES PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
TITLE OF TO BE OFFERING PRICE AGGREGATE OFFERING REGISTRATION
SHARES TO BE REGISTERED REGISTERED PER SHARE(1) PRICE(1) FEE
Common Stock, $.10 par value per share 2,826,582 $44.44 $125,613,304.10 $43,314.94
</TABLE>
(1)Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457, based on the average of the high and low sales prices
of the Common Stock on September 19, 1996 as reported on the New York Stock
Exchange.
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 this Registration Statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.
<PAGE>
INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. A
REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION. THESE SECURITIES MAY NOT BE SOLD NOR MAY
OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES
EFFECTIVE. THIS PROSPECTUS SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES
IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE.
SUBJECT TO COMPLETION, DATED SEPTEMBER 26, 1996
PROSPECTUS
AUTOMATIC DATA PROCESSING, INC.
2,826,582 SHARES
COMMON STOCK
__________________
This Prospectus relates to 2,826,582 shares (the "Shares") of common stock,
$.10 par value ("Common Stock"), of Automatic Data Processing, Inc. (the
"Company"). The Shares may be offered by certain stockholders of the Company
(the "SMS Selling Stockholders" and the "HBA Selling Stockholders," together,
the "Selling Stockholders") from time to time or at one time in transactions on
the New York Stock Exchange, the Chicago Stock Exchange or the Pacific Stock
Exchange, in negotiated transactions or through a combination of such methods
of sale, at fixed prices, which may be changed, at market prices prevailing at
the time of sale, at prices related to such prevailing market prices or at
negotiated prices. The Selling Stockholders may effect such transactions by
selling the Shares to or through broker-dealers, and such broker-dealers may
receive compensation in the form of discounts, concessions or commissions from
the Selling Stockholders and/or the purchasers of the Shares for whom such
broker-dealers may act as agents or to whom they sell as principals, or both
(which compensation as to a particular broker-dealer might be in excess of
customary compensation). See "Selling Stockholders" and "Plan of Distribution."
The SMS Selling Stockholders received 896,370 shares of Common Stock (the "SMS
Shares") from the Company on August 16, 1996 in connection with an agreement
dated as of July 31, 1996, whereby ADP/SMS Pooling Sub, Inc., a newly-formed
and wholly-owned subsidiary of the Company, acquired in a pooling-of-interests
transaction, all the stock of Staff Management Systems of Florida, Inc., a
Florida corporation, and its affiliated companies, each owned by the SMS
Selling Stockholders. The HBA Selling Stockholders received 1,930,212 shares
of Common Stock (the "HBA Shares") from the Company on August 26, 1996 in
connection with an agreement dated as of August 15, 1996, whereby HBA
Acquisition Corporation, a newly-formed and wholly-owned Utah subsidiary of the
Company, was merged with and into Health Benefits America, a Utah corporation
owned by the HBA Selling Stockholders, in a pooling-of-interests transaction.
See "Selling Stockholders." The Selling Stockholders may be deemed to be
"underwriters" within the meaning of the Securities Act of 1933, as amended
(the "Securities Act"). See "Plan of Distribution."
The shares of Common Stock of the Company are traded on the New York Stock
Exchange, the Chicago Stock Exchange and the Pacific Stock Exchange. On
September 19, 1996,
<PAGE>
the last sales price for the shares of Common Stock as
reported on the New York Stock Exchange was $44.44 per share.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus is ____________________, 1996
<PAGE>
AVAILABLE INFORMATION
The Company is subject to the informational requirements of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and in accordance
therewith files reports, proxy statements and other information with the
Securities and Exchange Commission (the "Commission"). Such reports, proxy
statements and other information can be inspected and copied at the public
reference facilities maintained by the Commission at Judiciary Plaza, 450 Fifth
Street, N.W., Washington, D.C. 20549; and at the Commission's regional offices
at 7 World Trade Center, Suite 1300, New York, New York 10048; and
Citicorp Center, 500 West Madison Street, Suite 1400, Chicago, Illinois
60661-2511. Copies of such material can be obtained from the Public Reference
Section of the Commission at Judiciary Plaza, 450 Fifth Street, N.W.,
Washington, D.C. 20549, at prescribed rates. The Commission maintains a
World Wide Web site that contains reports, proxy and information statements and
other information regarding issuers that file electronically with the
Commission. The address of such site is "http://www.sec.gov". The Company's
Common Stock is listed on the New York Stock Exchange, the Chicago Stock
Exchange, and the Pacific Stock Exchange, and such reports, proxy
statements and other information concerning the Company can be inspected
at the office of the New York Stock Exchange, 20 Broad Street, New York,
New York 10005, the office of the Chicago Stock Exchange, 120 South LaSalle
Street, Chicago, Illinois 60603, and the offices of the Pacific Stock
Exchange, 618 South Spring Street, Los Angeles, California 90014 and 310 Pine
Street, San Francisco, California 94104.
The Company has filed with the Commission a registration statement (the
"Registration Statement") under the Securities Act, with respect to the
securities offered hereby. This Prospectus, which constitutes a part of the
Registration Statement, does not contain all of the information set forth in
the Registration Statement, certain items of which are contained in schedules
and exhibits to the Registration Statement as permitted by the rules and
regulations of the Commission. Statements made in this Prospectus as to the
contents of any contract, agreement or other document referred to are not
necessarily complete. With respect to each such contract, agreement or other
document filed as an exhibit to the Registration Statement, reference is made
to the exhibit for a more complete description of the matter involved, and each
such statement shall be deemed qualified in its entirety by such reference.
Items and information omitted from this Prospectus but contained in the
Registration Statement may be inspected and copied at the Public Reference
Facilities maintained by the Commission at Judiciary Plaza, 450 Fifth Street,
N.W., Room 1024, Washington, D.C. 20549.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents which have been filed by the Company with the
Commission, as noted below, are incorporated by reference into this Prospectus:
(a) Annual Report on Form 10-K for the fiscal year ended June 30, 1996, and
(b) the description of the Company's Common Stock contained in the Company's
Registration Statement on Form 8-A under the Exchange Act filed with the
Commission on January 21, 1992, including all amendments and reports filed for
the purpose of updating such description.
All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c), 14 or 15(d) of the Exchange Act, prior to the termination of the
offering of the Shares, shall be deemed to be incorporated by reference herein
and to be a part hereof from the date of filing such documents. Any statement
contained herein or in any document incorporated or deemed to be incorporated
by reference herein shall be deemed to be modified or superseded for the
purposes of this Prospectus to the extent that a statement contained herein or
in any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any
such statement so modified or superseded shall not be deemed to constitute a
part of this Prospectus, except as so modified or superseded. The Company will
provide without charge to each person, including any beneficial owner,
2
<PAGE>
to whom a copy of this Prospectus is delivered, upon written or oral request
of such person, a copy of any or all of the information that has been
incorporated by reference in this Prospectus (excluding exhibits to such
information which are not specifically incorporated by reference into such
information).
THE COMPANY
Automatic Data Processing, Inc., incorporated in Delaware in 1961, and its
subsidiaries are engaged in the computing services business. The Company's
principal executive offices are located at One ADP Boulevard, Roseland,
New Jersey 07068 (telephone (201) 994-5000). As used in this Prospectus, the
term the "Company" means Automatic Data Processing, Inc. and its consolidated
subsidiaries, unless the context otherwise requires.
USE OF PROCEEDS
The Company will not receive any of the proceeds from the sale of the Shares
by the Selling Stockholders.
SELLING STOCKHOLDERS
The SMS Selling Stockholders received the SMS Shares from the Company on
August 16, 1996 in connection with an agreement dated as of July 31, 1996,
whereby ADP/SMS Pooling Sub, Inc., a newly-formed and wholly-owned subsidiary
of the Company, acquired in a pooling-of-interests transaction, all the stock
of Staff Management Systems of Florida, Inc., a Florida corporation, and its
affiliated companies, each owned by the SMS Selling Stockholders (the "SMS
Pooling"). None of the SMS Selling Stockholders are either officers or
directors of the Company or any of its divisions. The HBA Selling Stockholders
received the HBA Shares from the Company on August 26, 1996 in connection with
an agreement dated as of August 15, 1996, whereby HBA Acquisition Corporation,
a newly-formed and wholly-owned Utah subsidiary of the Company, was merged with
and into Health Benefits America, a Utah corporation owned by the HBA Selling
Stockholders, in a pooling-of-interests transaction (the "HBA Pooling").
Jeffrey C. Flamm and Ronald C. Gunnell are currently Division Vice Presidents
and General Managers of the Employer Services Group of the Company. None of
the other HBA Selling Stockholders are either officers or directors of the
Company or any of its divisions. The following table sets forth with respect
to each of the Selling Stockholders (i) the number of Shares beneficially owned
as of September 26, 1996 and prior to the offering contemplated hereby
(approximately 4.28% of the SMS Shares held by each SMS Selling Stockholder are
held in escrow pursuant to the agreements under which the SMS Pooling was
consummated; approximately 2.70% of the HBA Shares held by each of Jeffrey C.
Flamm, each of the six Flamm Trusts, Ronald C. Gunnell and both Gunnell Trusts
are held in escrow pursuant to the agreements under which the HBA Pooling was
consummated), (ii) the maximum number of Shares which may be sold in the
offering and (iii) the number of Shares which will be beneficially owned after
the offering, assuming the sale of all the Shares set forth in (ii) above:
3
<PAGE>
<TABLE>
<CAPTION>
Beneficial Ownership Beneficial Ownership
PRIOR TO OFFERING Shares To Be AFTER OFFERING
<S> <C> <C> <C> <C> <C>
SELLING STOCKHOLDER SHARES PERCENTAGE SOLD SHARES PERCENTAGE
SMS Selling Shareholders:
William H. Harper 298,790 * 298,790 0 0
William N. Holt 298,790 * 298,790 0 0
Dennis K. Aust 298,790 * 298,790 0 0
HBA Selling Shareholders:
Jeffrey C. Flamm 812,416 * 812,416 0 0
Bryan J. Flamm Trust 21,531 * 21,531 0 0
Brady E. Flamm Trust 21,531 * 21,531 0 0
Cody K. Flamm Trust 21,531 * 21,531 0 0
Andrew B. Flamm Trust 21,531 * 21,531 0 0
Adam N. Flamm Trust 21,531 * 21,531 0 0
Carly Flamm Trust 21,531 * 21,531 0 0
Ronald C. Gunnell 830,285 * 830,285 0 0
Kristen Gunnell Trust 55,659 * 55,659 0 0
Lauren Gunnell Trust 55,659 * 55,659 0 0
Bradley E. Wittwer 21,207 * 21,207 0 0
William Marion Wittwer 5,160 * 5,160 0 0
Trust
Wendy Wittwer Trust 5,160 * 5,160 0 0
Nelson Bradley Wittwer 5,160 * 5,160 0 0
Trust
Preston Haycock Wittwer 5,160 * 5,160 0 0
Trust
Jordan White Wittwer 5,160 * 5,160 0 0
Trust
</TABLE>
______________________
* Less than 1%
PLAN OF DISTRIBUTION
The sale of the Shares by the Selling Stockholders may be effected from time
to time or at one time in transactions on the New York Stock Exchange, the
Chicago Stock Exchange or the Pacific Stock Exchange, in negotiated
transactions or through a combination of such methods of sale, at fixed prices,
which may be changed, at market prices prevailing at the time of sale, at fixed
prices, related to such prevailing market prices or at negotiated prices. The
Selling Stockholders may effect such transactions by selling the Shares to or
through broker-dealers, and such broker-dealers may receive compensation in the
form of discounts, concessions or commissions from the Selling Stockholders
and/or the purchasers of the Shares for whom such broker-dealers might act as
agents or to whom they sell as principals, or both (which compensation as to a
particular broker-dealer may be in excess of customary compensation).
The Selling Stockholders and any broker-dealers who act in connection with the
sale of the Shares hereunder may be deemed to be "underwriters" within the
meaning of Section 2(11) of the Securities Act, and any commissions received by
them and profit on any resale of the Shares as principals might be
4
<PAGE>
deemed to be underwriting discounts and commissions under the Securities
Act. The Company has agreed to indemnify the Selling Stockholders against
certain liabilities, including liabilities under the Securities Act as
underwriters or otherwise.
EXPERTS
The financial statements and the related financial statement schedules
incorporated in this Prospectus by reference from the Company's Annual Report
on Form 10-K for the year ended June 30, 1996 have been audited by Deloitte &
Touche LLP, independent auditors, as stated in their reports, which are
incorporated herein by reference, and have been so incorporated in reliance
upon the reports of such firm given upon their authority as experts in
accounting and auditing.
LEGAL OPINION
The validity of the authorization and issuance of the securities offered
hereby is being passed upon for the Company by James B. Benson, Esq., Corporate
Vice President and General Counsel of the Company. As of the date hereof, Mr.
Benson beneficially owns 31,881 shares of the Company's Common Stock.
5
<PAGE>
No dealer, salesperson or other
individual has been authorized 2,826,582 SHARES
to give any information or
make any representations not
contained in this Prospectus
in connection with the AUTOMATIC DATA
offering covered by this PROCESSING, INC.
Prospectus. If given or made,
such information or
representations must not be
relied upon as having been
authorized by the Company. Common Stock
This Prospectus does not
constitute an offer to sell,
or a solicitation of an offer
to buy, any securities in any
jurisdiction where, or to any
person to whom, it is unlawful P R O S P E C T U S
to make such offer or
solicitation. Neither the
delivery of this Prospectus
nor any sale made hereunder
shall, under any
circumstances, create an
implication that there has not
been any change in the facts
set forth in this Prospectus
or in the affairs of the
Company since the date hereof.
TABLE OF CONTENTS
Available Information
Incorporation of Certain
Documents by Reference
The Company
Use of Proceeds
Selling Stockholders
Plan of Distribution
Experts
Legal Opinion
____________________, 1996
6
<PAGE>
PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
Registration fee to the Securities $ 43,315
and Exchange Commission
Accounting fees and expenses $ 2,000
Legal fees and expenses $ 4,000
Miscellaneous expenses $ 385
________
Total $49,700
The foregoing items, except for the registration fee to the Securities and
Exchange Commission, are estimated. All expenses of the offering, other than
selling discounts, commissions and legal fees and expenses incurred separately
by the Selling Stockholders, will be paid by the Company.
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Provision for indemnification of directors and officers is made in
Section 145 of the Delaware General Corporation Law.
Article Fifth, Sections 3 and 4 of the Company's Amended Restated
Certificate of Incorporation provide as follows:
"The Corporation shall indemnify all directors and officers of the
Corporation to the full extent permitted by the General Corporation Law of
the State of Delaware (and in particular Paragraph 145 thereof), as from
time to time amended, and may purchase and maintain insurance on behalf of
such directors and officers. In addition, the Corporation shall, in the
manner and to the extent as the By-laws of the Corporation shall provide,
indemnify to the full extent permitted by the General Corporation Law of
the State of Delaware (and in particular Paragraph 145 thereof), as from
time to time amended, such other persons as the By-laws shall provide, and
may purchase and maintain insurance on behalf of such other persons."
"A director of the Corporation shall not be held personally liable to
the Corporation or its stockholders for monetary damages for breach of
fiduciary duty as a director, except for liability (i) for breach of the
director's duty of loyalty to the Corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii) under Section 174 of the
General Corporation Law of the State of Delaware, or (iv) for any
transaction from which the director derived an improper personal benefit.
Any repeal or
II-1
<PAGE>
modification of this paragraph by the stockholders of the
Corporation shall not adversely affect any right or protection of any
director of the Corporation existing at the time of, or for or with
respect to any acts or omissions occurring prior to, such repeal or
modification."
Finally, Article XIV, Section 6 of the Company's By-laws provides as
follows:
"Section 6. Indemnification of Directors and Officers and Others:
The Corporation shall indemnify all directors and officers of the
Corporation to the full extent permitted by the General Corporation Law of
the State of Delaware (and in particular Section 145 thereof), as from
time to time amended, and may purchase and maintain insurance on behalf of
such directors and officers. This indemnification applies to all
directors and officers of the Corporation who sit on the boards of non-
profit corporations in keeping with the Corporation's philosophy."
"The Corporation shall indemnify any other person or employee who may
have served at the request of the Corporation to the full extent permitted
by the General Corporation Law of the State of Delaware (and in particular
Section 145 thereof) so long as such person or employee 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, further, so long as his actions
were not in violation of corporate policies and directives."
As permitted by Section 145 of the General Corporation Law of the State of
Delaware and the Company's Certificate and By-Laws, the Company also maintains
a directors and officers liability insurance policy which insures, subject to
certain exclusions, deductibles and maximum amounts, directors and officers of
the Company against damages, judgments, settlements and costs incurred by
reason of certain acts committed by such persons in their capacities as
directors and officers.
ITEM 16. EXHIBITS.
A list of exhibits included as part of this Registration Statement is set
forth in the Exhibit Index which immediately precedes such exhibits and is
hereby incorporated by reference herein.
ITEM 17. UNDERTAKINGS.
(a) Insofar as indemnification for liabilities arising under the Act may
be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
II-2
<PAGE>
(b) 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 (b)(1)(i) and (b)(1)(ii) above do not
apply if the registration statement is on Form S-3 or Form S-8 and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the registrant
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934 that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at 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.
(c) 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 registration
statement, or amendment thereto, to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Roseland, State of New Jersey, on the
26th day of September, 1996.
AUTOMATIC DATA PROCESSING, INC.
(Registrant)
By /S/ ARTHUR F. WEINBACH
Arthur F. Weinbach
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement, or amendment thereto, has been signed below by the
following persons in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
<S> <C> <C>
/s/ ARTHUR F. WEINBACH President and Chief September 26, 1996
(Arthur F. Weinbach) Executive Officer
(Principal Executive Officer)
/s/ RICHARD J. HAVILAND Vice President, Finance (Principal September 26, 1996
(Richard J. Haviland) Financial Officer)
/s/ JOSH S. WESTON Chairman of the Board September 26, 1996
(Josh S. Weston)
/s/ GARY C. BUTLER Director September 26, 1996
(Gary C. Butler)
/s/ JOSEPH A. CALIFANO, JR. Director September 26, 1996
(Joseph A. Califano, Jr.)
II-4
<PAGE>
SIGNATURE TITLE DATE
/s/ LEON G. COOPERMAN Director September 26, 1996
(Leon G. Cooperman)
Director September 26, 1996
(George H. Heilmeier)
/s/ ANN DIBBLE JORDAN Director September 26, 1996
(Ann Dibble Jordan)
/s/ HARVEY M. KRUEGER Director September 26, 1996
(Harvey M. Krueger)
Director September 26, 1996
(Charles P. Lazarus)
Director September 26, 1996
(Frederic V. Malek)
/s/ HENRY TAUB Director September 26, 1996
(Henry Taub)
Director September 26, 1996
(Laurence A. Tisch)
</TABLE>
II-5
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBIT PAGE
<S> <C> <C>
4.1 Amended and Restated Certificate of Incorporation of the Registrant
(incorporated by reference to Exhibit (3)-#1 to Registrant's Annual
Report on Form 10-K for the fiscal year ended June 30, 1995)
4.2 By-laws of the Registrant, as amended (incorporated by reference to
Exhibit (3)-#2 to Registrant's Annual Report on Form 10-K for the fiscal
year ended June 30, 1991)
4.3 Form of the Registrant's Common Stock Certificate (incorporated by
reference to Exhibit 4.4 to Registrant's Registration Statement on Form
S-3 filed with the Commission on January 21, 1992)
5.1 Opinion of James B. Benson, Esq. as to the legality of the securities
being registered hereby
23.1 Consent of James B. Benson, Esq. (included in Exhibit 5.1)
23.2 Consent of Deloitte & Touche LLP
</TABLE>
Exhibit 5.1
AUTOMATIC DATA PROCESSING, INC.
Corporate Headquarters
One ADP Boulevard
Roseland, New Jersey 07068-1728
September 26, 1996
Board of Directors
Automatic Data Processing, Inc.
One ADP Boulevard
Roseland, New Jersey 07068
Re: REGISTRATION STATEMENT ON FORM S-3 FILED ON SEPTEMBER 26, 1996
Ladies and Gentlemen:
In connection with the Registration Statement on Form S-3 (the
"Registration Statement") filed by Automatic Data Processing, Inc. (the
"Company") with the Securities and Exchange Commission on September 26, 1996
pursuant to the Securities Act of 1933, as amended (the "Act"), and the rules
and regulations promulgated thereunder (the "Rules"), you have requested that I
furnish you with my opinion as to the legality of the 2,826,582 shares of the
Company's common stock, $.10 par value, (the "Shares") which are registered
under the Registration Statement.
In this regard, I have examined originals, or copies authenticated to
my satisfaction, of the Company's Amended and Restated Certificate of
Incorporation, the Company's By-Laws, as amended, and the Company's records of
corporate proceedings. In addition, I have made such other examinations of law
and fact as I considered necessary in order to form a basis for the opinions
hereinafter expressed.
Based upon the foregoing, I am of the opinion that the Shares have been
duly and validly authorized and issued and are fully paid and non-assessable.
I hereby consent to the use of my name under the caption "Legal
Opinion" in the Prospectus included in the Registration Statement and to the
use of this opinion as an exhibit
<PAGE>
to the Registration Statement. In giving this consent, I do not thereby admit
that I come within the category of persons whose consent is required by the Act
or Rules.
Very truly yours,
James B. Benson
General Counsel
2
Exhibit 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Automatic Data Processing, Inc. on Form S-3 of our reports dated August 14,
1996, appearing in the Annual Report on Form 10-K of Automatic Data Processing,
Inc. for the year ended June 30, 1996 and to the reference to us under the
heading "Experts" in the Prospectus, which is part of this Registration
Statement.
/s/ DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
September 26, 1996
