<PAGE>1
As filed with the Securities and Exchange Commission on August 12, 1996
Registration No. 333-_______
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MFS COMMUNICATIONS COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware 47-0714388
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
11808 Miracle Hills Drive
Omaha, Nebraska 068154
(Address of Principal Executive Office)
MFS Communications Company, Inc./UUNET Technologies, Inc.
1995 Performance Option Plan
MFS Communications Company, Inc./UUNET Technologies, Inc.
Incentive Stock Option Plan
MFS Communications Company, Inc./UUNET Technologies, Inc.
Equity Incentive Plan
MFS Communications Company, Inc./UUNET Technologies, Inc.
Individual Stock Option Agreement
(Full title of the plan)
Terrence J. Ferguson, Esq.
Senior Vice President, General Counsel and Secretary
MFS Communications Company, Inc.
11808 Miracle Hills Drive,
Omaha, Nebraska 68154
(402) 231-3000
(Name, address and telephone number,
including area code, of agent for service)
COPY TO:
John S. D'Alimonte, Esq.
Steven J. Gartner, Esq.
Willkie Farr & Gallagher
One Citicorp Center
153 East 53rd Street
New York, NY 10022
(212) 821-8000
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Proposed Proposed
Title of maximum maximum
securities Amount offering aggregate Amount of
to be to be price offering registration
registered registered (1) per share (2) price (2) fee
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock,
$0.01 par
value per share 6,500,000 $32.4375 $210,843,750.00 $72,705.00
<FN>
- ---------------
(1) Represents the shares of common stock of MFS Communications Company, Inc. issuable pursuant to the MFS
Communications Company, Inc./UUNET Technologies, Inc. 1995 Performance Option Plan; MFS Communications Company,
Inc./UUNET Technologies, Inc. Incentive Stock Option Plan; MFS Communications Company, Inc./UUNET Technologies, Inc.
Equity Incentive Plan and an individual Stock Option Agreement with Daniel Rosen.
(2) Estimated solely for calculating the amount of the registration fee, pursuant to Rule 457(h) under the
Securities Act of 1993 (the "Securities Act").
</TABLE>
<PAGE>2
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents, filed with the Securities and Exchange
Commission (the "Commission") by MFS Communications Company, Inc., a Delaware
corporation (the "Company") are incorporated by reference into the
Registration Statement:
(a) The Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1995, as amended by Form 10-K/A
Amendment No. 1 on April 30, 1996, filed pursuant to the
Securities Exchange Act of 1934 (the "Exchange Act");
(b) The Company's Quarterly Report on Form 10-Q for the
quarter ended March 31, 1996, filed pursuant to the Exchange
Act;
(c) The Company's Current Reports on Form 8-K, dated
January 31, 1996, May 1, 1996, May 10, 1996 and August 12,
1996; and
(d) The description of the common stock of the Company, par
value $0.01 per share (the "Common Stock"), contained in the
Company's registration statement on Form 8-A (file No.
0-21594) filed on April 21, 1993 pursuant to the Exchange
Act, as amended by Amendment No. 1 on Form 8 filed on May
10, 1993, Amendment No. 2 on Form 8 filed on October 23,
1995, and Amendment No. 3 on Form 8 filed on November 21,
1995.
In addition, all documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent
to the date of the Registration Statement and prior to the filing of a
post-effective amendment which indicates that all the securities offered
hereby have been sold or which deregisters all securities then remaining
unsold shall be deemed to be incorporated herein by reference and to be a part
hereof from the date of the filing of such documents with the Commission.
Item 4. DESCRIPTION OF SECURITIES
Inapplicable
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Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Inapplicable.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 145 of the Delaware General Corporation Law (the
"DGCL") empowers a Delaware corporation to indemnify any person who was or is
a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative
or investigative (other than an action by or in the right of such corporation)
by reason of the fact that such person is or was a director, officer, employee
or agent of such corporation, or is or was serving at the request of such
corporation as a director, officer, employee or agent of another corporation
or enterprise. A corporation may, in advance of the final disposition of any
civil, criminal, administrative or investigative action, suit or proceeding,
pay the expenses (including attorneys' fees) incurred by any officer,
director, employee or agent in defending such action, provided that the
director or officer undertake to repay such amount if it shall ultimately be
determined that he or she is not entitled to be indemnified by the
corporation. A corporation may indemnify such person against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such
action, suit or proceeding if he or she acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful.
A Delaware corporation may indemnify officers and directors in an
action by or in the right of the corporation to procure a judgment in its
favor under the same conditions, except that no indemnification is permitted
without judicial approval if the officer or director is adjudged to be liable
to the corporation. Where an officer or director is successful on the merits
or otherwise in the defense of any action referred to above, the corporation
must indemnify him or her against the expenses (including attorneys' fees)
which he or she actually and reasonably incurred in connection therewith. The
indemnification provided is not deemed to be exclusive of any other rights to
which an officer or director may be entitled under any corporation's by-law,
agreement, vote or otherwise.
In accordance with Section 145 of the DGCL, Article 7 of the
Company's Restated Certificate of Incorporation (the "Restated Certificate")
and Section 8 of the Company's Restated By-Laws (the "Restated By-Laws")
provide that the Company shall indemnify each person who is or was a director,
officer or employee of the Company (including the heirs, executors,
administrators or estate of such person) or is or was serving at the request
of the
<PAGE>4
Company as director, officer or employee of another corporation, partnership,
joint venture, trust or other enterprise, to the fullest extent permitted
under subsections 145(a), (b), and (c) of the DGCL or any successor statute.
The indemnification provided by the Restated Certificate and the Restated
By-Laws shall not be deemed exclusive of any other rights to which any of
those seeking indemnification or advancement of expenses may be entitled under
any by-law, agreement, vote of stockholders or disinterested directors or
otherwise, both as to action in his or her official capacity and as to action
in another capacity while holding such office, and shall continue as to a
person who has ceased to be a director, officer, employee or agent and shall
inure to the benefit of the heirs, executors and administrators of such a
person. Expenses (including attorneys' fees) incurred in defending a civil,
criminal, administrative or investigative action, suit or proceeding upon
receipt of an undertaking by or on behalf of the indemnified person to repay
such amount if it shall ultimately be determined that he is not entitled to be
indemnified by the Company. Article 8 of the Restated Certificate provides
that a director of the Company shall not be personally liable to the Company
or its stockholders for monetary damages for breach of fiduciary duty as a
director, except for liability (i) for any breach of the director's duty of
loyalty to the Company 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 DGCL, or (iv) for any transaction from
which the director derived an improper personal benefit. If the DGCL is
amended to authorize corporate action further eliminating or limiting the
personal liability of directors, then the liability of a director of the
Company shall be eliminated or limited to the fullest extent permitted by the
DGCL as so amended.
Section 8.7 of the Restated By-Laws provides that the Company may
purchase and maintain insurance on behalf of its directors, officers,
employees and agents against any liabilities asserted against such persons
arising out of such capacities.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Inapplicable
Item 8. EXHIBITS
Exhibit No.
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4.1 Restated Certificate of Incorporation of the Company
(incorporated by reference to the Company's Registration
Statement on Form S-1, Registration No. 33-59358, as
amended, originally filed with the Commission on March 11,
1993).
<PAGE>5
4.2 Amendment No. 1 to Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3.2 to the Company's
Annual Report on Form 10-k for the fiscal year ended
December 31, 1994, as filed with the Commission on March 31,
1995).
4.3 Amendment No. 2 to Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3.1 to the Company's
Current Report on Form 8-K dated September 30, 1995).
4.3 Restated By-Laws of the Company (incorporated by reference
to Exhibit 3.2 to the Company's Current Report on Form 8-K
dated September 30, 1995).
5. Opinion of Brian P. McGinty, Esq. - Associate General
Counsel of the Company, relating to the legality of
securities.
23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of Arthur Andersen LLP
23.3 Consent of Brian P. McGinty, Esq. - Associate General
Counsel of the Company (contained in Exhibit 5).
23.4 Consent of John W. Sidgmore
23.5 Consent of Richard L Adams
24. Power of Attorney (reference is made to the signature page).
Item 9. UNDERTAKINGS
1. The undersigned registrant hereby undertakes:
(a) To file, during any period in which offers or sales are
being made, a post-effective amendment to the Registration Statement:
(i) to include any prospectus required by Section
10(a)(3) of the Securities Act;
(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;
<PAGE>6
(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)(i) and (a)(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 Company pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in the Registration Statement.
(b) That, for the purpose of determining any liability
under the Securities Act, 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.
(c) 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.
2. The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Company's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act 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.
3. The undersigned registrant hereby undertakes to deliver or cause
to be delivered with the prospectus, to each person to whom the prospectus is
sent or given, the latest annual report to security holders that is
incorporated by reference in the prospectus and furnished pursuant to and
meeting the requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act;
and, where interim financial information required to be presented by Article 3
of Regulation S-X are not set forth in the prospectus, to deliver, or cause to
be delivered to each person whom the prospectus is sent or given, the latest
quarterly report that is specifically incorporated by reference in the
prospectus to provide such interim financial information.
4. Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Commission such indemnification is
against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment
<PAGE>7
by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company 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 Company 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 and will be governed by the final adjudication
of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the
Company 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 Omaha, State of Nebraska, on the
12th day of August, 1996.
MFS COMMUNICATIONS COMPANY, INC.
By: /s/ James Q. Crowe
James Q. Crowe
Chief Executive Officer
<PAGE>8
Each of the undersigned officers and directors of the
Company hereby severally constitutes and appoints James Q. Crowe and Royce J.
Holland and each of them, their true and lawful attorneys-in-fact for the
undersigned, in any and all capacities, each with full power of substitution,
to sign any and all amendments to this Registration Statement (including
post-effective amendments), and to file the same with exhibits thereto and
other documents in connection therewith, with the Commission, granting unto
said attorneys-in-fact, and each of them, full power and authority to do and
perform each and every act and thing requisite and 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 said
attorney-in-fact, or any of them, may lawfully do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act, 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>
/s/ James Q. Crowe Chairman of the Board of Directors and August 12, 1996
James Q. Crowe Chief Executive Officer (Principal
Executive Officer)
/s/ R. Douglas Bradbury Chief Financial Officer, Executive Vice August 12, 1996
R. Douglas Bradbury President, (Principal Financial Officer)
and Director
/s/ Robert J. Ludvik Vice President and Controller August 12, 1996
Robert J. Ludvik (Principal Accounting Officer)
/s/ Howard Gimbel Director August 12, 1996
Howard Gimbel
/s/ Royce J. Holland Director August 12, 1996
Royce J. Holland
/s/ William L. Grewcock Director August 12, 1996
William L. Grewcock
/s/ Richard R. Jaros Director August 12, 1996
Richard R. Jaros
</TABLE>
<PAGE>9
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ Robert E. Julian Director August 12, 1996
Robert E. Julian
/s/ David C. McCourt Director August 12, 1996
David C. McCourt
/s/ Ronald W. Roskens Director August 12, 1996
Ronald W. Roskens
August 12, 1996
/s/ Walter Scott, Jr. Director
Walter Scott, Jr.
/s/ Kenneth E. Stinson Director August 12, 1995
Kenneth E. Stinson
/s/ Michael B. Yanney Director August 12, 1996
Michael B. Yanney
</TABLE>
<PAGE>
INDEX TO EXHIBITS
Exhibit No.
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5 Opinion of Brian P. McGinty, Esq. - Associate
General Counsel of the Company, relating to the
legality of securities.
23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of Arthur Andersen LLP
23.3 Consent of Brian P. McGinty, Esq. - Associate
General Counsel of the Company (contained in
Exhibit 5).
23.4 Consent of John W. Sidgmore
23.5 Consent of Richard L. Adams, Jr.
24 Power of Attorney (reference is made to the
signature page).
<PAGE>
[LETTERHEAD OF MFS COMMUNICATIONS COMPANY, INC.]
August 12, 1996
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Re: MFS Communications Company, Inc. ("MFS")
Registration of 6,500,000 Shares of Common Stock
Gentlemen:
I am the Associate General Counsel of MFS and have in such capacity
represented MFS in connection with the preparation and filing of a
registration statement on Form S-8 (the "Registration Statement") relating to
6,500,000 shares of common stock of MFS, par value $.01 per share (the
"Shares"), issuable pursuant to the MFS Communications Company, Inc./UUNET
Technologies, Inc. 1995 Performance Option Plan; the MFS Communications
Company, Inc./UUNET Technologies, Inc. Incentive Stock Option Plan; the MFS
Communications Company, Inc./UUNET Technologies, Inc. Equity Incentive Plan;
and the Individual Stock Option Agreement (collectively, the "Stock Plans"). I
am familiar with MFS' Certificate of Incorporation and By-Laws, and all
amendments thereto, all resolutions adopted by MFS' Board of Directors and all
other records and documents relating to both the issuance of the Shares and
the adoption of the Stock Plan by MFS.
Based on the foregoing, I am of the opinion that: (i) MFS has duly
organized and is validly existing as a corporation in good standing under the
laws of the State of Delaware, and (ii) the Shares, when duly issued in
accordance with the terms of the Stock Plans, will be duly authorized and
validly issued and will be fully paid and nonassessable.
I hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Brian P. McGinty
<PAGE>
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this registration statement on
Form S-8 of MFS Communications Company, Inc. of our report dated February 14,
1996, on our audit of the consolidated financial statements of MFS
Communications Company, Inc. as of December 31, 1995 and 1994, and for the
three years in the period ended December 31, 1995, which report is included in
MFS Communications Company, Inc.'s Annual Report on Form 10-K for the year
ended December 31, 1995.
COOPERS & LYBRAND L.L.P.
Omaha, Nebraska
August 8, 1996
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Form S-8 registration statement of our report dated January
31, 1996, on the UUNET Technologies, Inc. consolidated financial statements
included in MFS Communication Company, Inc.'s Form 8-K and to all references
to our Firm included in this registration statement.
ARTHUR ANDERSEN LLP
Washington, D.C.
August 8, 1996
<PAGE>
CONSENT OF PERSON ABOUT TO BECOME A DIRECTOR
Pursuant to Rule 438 under the Securities Act of 1933, as amended,
the undersigned hereby consents to his being named in the prospectus forming a
part of this Registration Statement as a person about to become a director of
MFS Communications Company, Inc.
/s/ John W. Sidgmore
John W. Sidgmore
Date: August 12, 1996
<PAGE>
CONSENT OF PERSON ABOUT TO BECOME A DIRECTOR
Pursuant to Rule 438 under the Securities Act of 1933, as amended,
the undersigned hereby consents to his being named in the prospectus forming a
part of this Registration Statement as a person about to become a director of
MFS Communications Company, Inc.
/s/ Richard L. Adams, Jr.
Richard L. Adams, Jr.
Date: August 12, 1996
