FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
MBNA CORPORATION
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(Exact name of registrant as specified in its charter)
Maryland 52-1713008
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1100 North King Street
Wilmington, Delaware 19884
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(Address of principal executive offices) (Zip Code)
MBNA Corporation 1997 Long Term Incentive Plan
(Full title of plan)
John W. Scheflen
Executive Vice President, General Counsel and Secretary
MBNA Corporation
1100 North King Street
Wilmington, Delaware 19884
(Name and address of agent for service)
(302) 432-1100
(Telephone number, including area code, of agent for service)
Calculation of Registration Fee
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Title of Amount to be Proposed maximum Proposed maximum Amount of
securities to registered offering price aggregate offering registration
be registered per unit price fee
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Common Stock 20,000,000 $33.50* $670,000,000 $176,880
$.01 Par Value
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* Calculated solely for the purpose of computing the registration fee pursuant
to Rule 457(c) and (h). Based upon the average of the high and low prices of
MBNA Corporation Common Stock on the New York Stock Exchange, Inc. on
August 21, 2000.
Pursuant to General Instruction E to Form S-8, this Registration Statement on
Form S-8 incorporates by reference the contents of the Registration Statement
on Form S-8, Registration No. 333-06824 filed with the Securities and
Exchange Commission on April 22, 1997.
Part II
Item 5. Interests of Named Experts and Counsel
John W. Scheflen, Executive Vice President, General Counsel and Secretary
of the Corporation, acted as counsel for the Corporation in connection with the
Registration Statement and opined on the validity of the shares to be issued
and sold by the Corporation pursuant hereto. As of August 9, 2000, Mr. Scheflen
owned beneficially 769,173 shares of the Corporation's Common Stock, including
shares issuable upon exercise of employee stock options within 60 days.
Item 8. Exhibits.
Exhibit Number Description
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5 Opinion of John W. Scheflen, Esquire
23A Consent of John W. Scheflen, Esquire
(included in Exhibit 5)
23B Consent of Ernst & Young LLP
24 Power of Attorney
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Wilmington, State of Delaware, on
the 15th day of June, 2000.
MBNA CORPORATION
By:/s/ Alfred Lerner
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Alfred Lerner
Chairman of the Board and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
Signature/Title Date
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/s/ Alfred Lerner June 15, 2000
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Alfred Lerner
Chairman of the Board and
Chief Executive Officer
(principal executive officer)
/s/ M. Scot Kaufman June 15, 2000
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M. Scot Kaufman
Senior Executive Vice President and
Chief Financial Officer
(principal financial and accounting officer)
The Board of Directors:
Alfred Lerner, James H. Berick, Charles M. Cawley, Benjamin R. Civiletti,
William L. Jews, Randolph D. Lerner, Stuart L. Markowitz and
Michael Rosenthal.
By:/s/ John W. Scheflen June 15, 2000
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John W. Scheflen
Attorney-in-Fact