STANDARD PACIFIC CORP /DE/
S-3MEF, 1997-06-12
OPERATIVE BUILDERS
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<PAGE>
 
     AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 12, 1996
 
                                                    REGISTRATION NO.   -
 
- - -------------------------------------------------------------------------------
- - -------------------------------------------------------------------------------
 
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON D.C. 20549
 
                                ---------------
 
                                   FORM S-3
                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933
 
                                ---------------
 
                            STANDARD PACIFIC CORP.
            (EXACT NAME OF REGISTRANT AT SPECIFIED IN ITS CHARTER)
 
                                ---------------
 
<TABLE>
<S>                                            <C>
                  DELAWARE                                       33-0475989
        (STATE OR OTHER JURISDICTION                          (I.R.S. EMPLOYER
      OF INCORPORATION OR ORGANIZATION)                     IDENTIFICATION NO.)
</TABLE>
 
                         1565 WEST MACARTHUR BOULEVARD
                         COSTA MESA, CALIFORNIA, 92626
                                (714) 668-4300
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
 
                              ARTHUR E. SVENDSEN
                         1565 WEST MACARTHUR BOULEVARD
                         COSTA MESA, CALIFORNIA 92626
                                (714) 668-4300
   (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING ARE A
                          CODE, OF AGENT FOR SERVICE)
 
                                  COPIES TO:
                             ROBERT K. MONTGOMERY
                          GIBSON, DUNN & CRUTCHER LLP
                      2029 CENTURY PARK EAST, SUITE 4000
                         LOS ANGELES, CALIFORNIA 90067
                                (310) 552-8500
       Approximate date of commencement of proposed sale to the public:
  From time to time after the effective date of this Registration Statement.
 
  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. [X] 33-45271
 
  If this Form is a post-effective amendment field pursuant to Rule 462(c)
under the Securities Act of 1933, 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
                                          PROPOSED      MAXIMUM
 TITLE OF EACH CLASS OF     AMOUNT        MAXIMUM      AGGREGATE   AMOUNT OF
    SECURITIES TO BE         TO BE     OFFERING PRICE  OFFERING   REGISTRATION
       REGISTERED        REGISTERED(1)    PER UNIT     PRICE(1)      FEE(2)
- - ------------------------------------------------------------------------------
<S>                      <C>           <C>            <C>         <C>
Senior and/or
 Subordinated Debt
 Securities, various
 series(3).............   $20,000,000       100%      $20,000,000    $6,061
- - ------------------------------------------------------------------------------
- - ------------------------------------------------------------------------------
</TABLE>
(1) In no event will the aggregate maximum offering price of all securities
    issued pursuant to this Registration Statement exceed $20,000,000. Any
    securities registered hereunder may be sold separately or as units with
    other securities registered hereunder.
 
(2) Calculated pursuant to Rule 457(o) of the rules and regulations under the
    Securities Act of 1933, as amended.
 
(3) Subject to footnote 1, there is being registered hereunder an
    indeterminate principal amount of Debt Securities as may be sold, from
    time to time, by the Registrant.
 
- - -------------------------------------------------------------------------------
- - -------------------------------------------------------------------------------
<PAGE>
 
                                  SIGNATURES
 
  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE UNDERSIGNED
REGISTRANT HAS DULY CAUSED THIS REGISTRATION STATEMENT TO BE SIGNED ON ITS
BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED, IN COSTA MESA,
CALIFORNIA ON THE 12TH DAY OF JUNE, 1997.
 
                                          STANDARD PACIFIC CORP.
 
                                                Arthur E. Svendsen
                                          By:____________________________
                                                Arthur E. Svendsen
                                             Chairman of the Board and
                                              Chief Executive Officer
 
                               POWER OF ATTORNEY
 
  We, the undersigned officers and directors of Standard Pacific Corp., do
hereby constitute and appoint Stephen J. Scarborough and Andrew H. Parnes, and
each of them, our true and lawful attorneys-in-fact and agents, each with full
power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all amendments to this
Registration Statement, and to file the same, with exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that each of said attorneys-in-fact and agents, or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
 
  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 DATES INDICATED.
 
<TABLE>
<CAPTION>
             SIGNATURE                           TITLE                    DATE
             ---------                           -----                    ----
 
<S>                                  <C>                           <C>
   Arthur E. Svendsen                Chairman of the Board and       June 12, 1997
____________________________________ Chief Executive Officer;
   Arthur E. Svendsen                Director
 
   Stephen J. Scarborough            President; Director             June 12, 1997
____________________________________
   Stephen J. Scarborough
  Andrew H. Parnes                   Vice President--Finance,        June 12, 1997
____________________________________ Treasurer and Chief
   Andrew H. Parnes                  Financial Officer (Principal
                                     Financial and Accounting
                                     Officer)
 
   Dr. James L. Doti                 Director                        June 12, 1997
____________________________________
   Dr. James L. Doti
 
   Ronald R. Foell                   Director                        June 12, 1997
____________________________________
   Ronald R. Foell
 
   Keith D. Koeller                  Director                        June 12, 1997
____________________________________
   Keith D. Koeller
</TABLE>
 
                                     II-1
<PAGE>
 
<TABLE>
<CAPTION>
             SIGNATURE                           TITLE                    DATE
             ---------                           -----                    ----
 
<S>                                  <C>                           <C>
                                     Director                        June   , 1997
____________________________________
   William H. Langenberg
 
                                     Director                        June   , 1997
____________________________________
   Donald H. Spengler
 
                                     Director                        June   , 1997
____________________________________
   Robert J. St. Lawrence
</TABLE>
 
 
                                      II-2
<PAGE>
 
                               EXPLANATORY NOTE
 
  This Registration Statement is being filed pursuant to Rule 462(b) under the
Securities Act of 1933, as amended. The contents of the Registration Statement
on Form S-3 (Reg. No. 33-45271) filed by Standard Pacific Corp. with the
Securities and Exchange Commission (the "Commission") on January 23, 1992, as
amended, including the exhibits thereto and the documents incorporated therein
by reference, and declared effective by the Commission on March 23, 1992, are
incorporated herein by reference.
<PAGE>
 
                               INDEX TO EXHIBITS
 
<TABLE>
<CAPTION>
 EXHIBIT
 NUMBER          DESCRIPTION OF EXHIBIT
 -------         ----------------------
 <C>     <S>
   5     Opinion of Gibson, Dunn & Crutcher LLP
  23(a)  Independent Auditors' Consent
 *23(b)  Consent of Gibson, Dunn & Crutcher LLP
</TABLE>
- - --------
* Included in Exhibit 5

<PAGE>
 
                                                                       EXHIBIT 5

                                 June 11, 1997


                  [LETTERHEAD OF GIBSON, DUNN & CRUTCHER LLP]

(310) 552-8500                                                     C 87007-01331

Standard Pacific Corp.
1565 West MacArthur Boulevard
Costa Mesa, CA  92626

     Re:  Registration Statement on Form S-3
          ----------------------------------

Gentlemen and Mesdames:

     At your request, we have examined the Registration Statement on Form S-3
(the "Registration Statement") in connection with the registration and sale of 
up to $20,000,000 aggregate principal amount of the senior and/or subordinated 
debt securities issuable in various series (the "Debt Securities") of Standard 
Pacific Corp., a Delaware corporation (the "Company").

     We have examined the proceedings heretofore taken and are familiar with the
procedures proposed to be taken by the Company in connection with the 
authorization, issuance and sale of the Debt Securities.  Based upon the 
foregoing and in reliance thereon, it is our opinion that, subject to said 
proceedings being duly taken and completed by the Company prior to the issuance 
of the Debt Securities, the Debt Securities to be issued by the Company will be,
when issued and paid for pursuant to the terms of the Registration Statement and
the exhibits thereto, validly issued and binding obligations of the Company,
enforceable in accordance with their terms, except as enforcement thereof may be
limited by bankruptcy, insolvency, fradulent conveyance, moratorium,
reorganization or similar laws affecting creditors' rights and remedies
generally and by general principles of equity (whether such enforceability is
considered in a proceeding in equity or at law).

<PAGE>
 
Standard Pacific Corp.
June 11, 1997
Page 2

    
     We hereby consent to the use of this opinion as an exhibit to the 
Registration Statement, and we further consent to the use of our name under the 
caption "Legal Matters" in the Registration Statement and in the Prospectuses 
which form a part thereof.

                                            Very truly yours,



                                            GIBSON, DUNN & CRUTCHER LLP

CAH/db


<PAGE>
 
                                                                   EXHIBIT 23(a)

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

     As independent public accountants, we hereby consent to the incorporation
by reference in this Registration Statement of our report dated January 27, 1997
included in the Company's Annual Report on Form 10-K for the year December 31, 
1996 and our report dated January 27, 1997 (except with respect to the matter
discussed in Note 12, as to which the date is June 10, 1997) with respect to the
Company's consolidated financial statements, which report was filed as an
exhibit to the Company's Current Report of Form 8-K dated June 11, 1997.

                                                /s/ ARTHUR ANDERSEN LLP
                                                Arthur Andersen LLP

Orange County, California
June 10, 1997



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