<PAGE>
As filed with the Securities and Exchange Commission on September 22, 1995
Registration No. 33-__________
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
BURLINGTON NORTHERN SANTA FE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE EIN 41-1804964
(State or other jurisdiction of (I.R.S.
incorporation or organization ) Employer Identification No.)
3800 Continental Plaza
777 Main Street
Fort Worth, Texas 76102-5384
(817) 333-2000
(Address, including zip code, and telephone number of Principal Executive
Offices)
BURLINGTON NORTHERN SANTA FE CORPORATION
1993 EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
Jeffrey R. Moreland, Esq.
Senior Vice President, Law and General Counsel
Burlington Northern Santa Fe Corporation
1700 East Golf Road
Schaumburg, Illinois 60173
(708) 995-6000
(Name, address and telephone number of agent for service)
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
===============================================================================================
Title of Amount to be Proposed maximum Proposed maximum Amount of
securities to be registered offering price aggregate offering registration
registered per unit (1) price fee
===============================================================================================
<S> <C> <C> <C> <C>
Common Stock 500,000 shares $74.88 $37,437,500 $12,909.48
===============================================================================================
</TABLE>
(1) Pursuant to Rule 457(h), the proposed maximum offering price per unit is
estimated solely for the purpose of calculating the registration fee and is
based upon the average of the high and low sales prices of the common stock
of the Burlington Northern Inc., a predecessor of registrant as reported on
the consolidated reporting system on September 18, 1995, a date within five
business days of the date on which this registration statement is being
filed.
<PAGE>
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
EXPLANATORY NOTE
----------------
As permitted by the rules of the Securities and Exchange
Commission (the "Commission"), this Registration Statement omits the
information specified in Part I of Form S-8. The documents containing
the information specified in Part I will be delivered to the
participants in the plan as required by Securities Act Rule 428(b).
Such documents are not being filed with the Securities and Exchange
Commission as part of this Registration Statement or as prospectuses
or prospectus supplements pursuant to Rule 424.
i
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
------------------------------------------------
The following documents filed with the Commission by Burlington Northern
Santa Fe Corporation (the "Company") are incorporated in this Registration
Statement on Form S-8 (the "Registration Statement") by reference:
(a) The Company's latest prospectus filed pursuant to Rule 424(b)
(File No. 33-57069), including the Company's Balance Sheet as of December
22, 1994.
(b) The description of the Company's Common Stock contained in the
prospectus included in the Company's registration statement on Form S-4
filed with the Commission under the Securities Act of 1933 (File No. 33-
57069) under the caption "CERTAIN ADDITIONAL INFORMATION CONCERNING
HOLDINGS--DESCRIPTION OF CAPITAL STOCK ".
The following documents filed with the Commission by Burlington Northern
Inc. ("BNI") are incorporated in this Registration Statement by reference:
(a) BNI's Annual Report on Form 10-K for the year ended December 31,
1994;
(b) BNI's Quarterly Reports on Form 10-Q for the quarters ended March
31 and June 30, 1995; and
(c) BNI's Current Reports on Form 8-K dated January 19, 1995 and
January 24, 1995 and an amendment to Form 8-K on Form 8-K/A dated January 24,
1995.
The following documents filed with the Commission by Santa Fe Pacific
Corporation ("SFP") are incorporated in this Registration Statement by
reference:
(a) SFP's Annual Report on Form 10-K for the year ended December 31,
1994;
(b) SFP's Quarterly Reports on Form 10-Q for the quarters ended March
31 and June 30, 1995; and
(c) SFP's Current Reports on Form 8-K reporting events as of January
18, 1995, January 24, 1995, February 21, 1995, March 7, 1995, April 19, 1995,
and May 31, 1995.
All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities registered hereunder have been
sold or which deregisters all of the securities offered then remaining unsold,
shall be deemed to be incorporated herein by reference and to be a part hereof
from the date of filing of such documents.
II-1
<PAGE>
Item 4. Description of Securities
----------------------------------
Not Applicable.
Item 5. Interests of Named Experts and Counsel
-----------------------------------------------
Not Applicable.
II-2
<PAGE>
Item 6. Indemnification of Directors and Officers
--------------------------------------------------
Section 145 of the General Corporation Law of Delaware 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 or
proceedings, whether civil, criminal, administrative or investigative (other
than an 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 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, bylaws,
disinterested director vote, stockholder vote, agreement or otherwise.
Article X of the Bylaws of the Company requires indemnification to the
full extent permitted under Delaware law as from time to time in effect.
Subject to any liabilities imposed by Delaware law, the Bylaws provide an
unconditional right to indemnification for all expenses, liability and loss
(including attorneys' fees, judgments, fines, ERISA excise taxes or penalties
and amounts paid in settlement) actually and reasonably incurred by any person
in connection with any actual or threatened proceeding (including, to the extent
permitted by law, any derivative action) by reason of the fact that such person
is or was serving as a director or officer of the Company or, at the request of
the Company, of another corporation, partnership, joint venture, trust or other
enterprise, including an employee benefit plan. The Bylaws also provide that
the Company may, by action of its Board of Directors, provide indemnification to
its employees and agents with the same scope and effect as the foregoing
indemnification of directors and officers.
Officers and directors of the Company are covered by insurance which (with
certain exceptions and within certain limitations) indemnifies them against
losses and liabilities arising from any alleged "wrongful act" including any
alleged error or misstatement or misleading statement, or wrongful act or
omission or neglect or breach of duty.
Section 102(b)(7) of the Delaware General Corporation Law 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
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
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)
payments of unlawful dividends or unlawful stock repurchases or redemptions, or
(iv) for any transaction from which the director derived an improper personal
benefit.
Article VIII of the Certificate of Incorporation of the Company provides
that to the full extent that the Delaware General Corporation Law, as it now
exists or may hereafter be amended,
11-3
<PAGE>
permits the limitation or elimination of the liability of directors, a director
of the Company shall not be liable to the Company or its stockholders from
monetary damages for breach of fiduciary duty as a director. Any amendment to or
repeal of such Article VIII shall not adversely affect any right or protection
of a director of the Company for or with respect to any acts or omissions of
such director occurring prior to such amendment or repeal.
Item 7. Exemption from Registration Claimed
--------------------------------------------
Not applicable.
Item 8. Exhibits
-----------------
4.1 Copy of 1993 Employee Stock Purchase Plan (incorporated by
reference to Exhibit 4.1 to BNI registration statement No. 33-
55196 on Form S-8).
5.1 Opinion of Counsel
23.1 Consent of Counsel (included in
the opinion filed as Exhibit 5.1).
23.2 Consent of Coopers & Lybrand L.L.P.
23.3 Consent of Coopers & Lybrand L.L.P.
23.4 Consent of Price Waterhouse LLP
24.1 Powers of Attorney (included herein on page II-7).
Item 9. Undertakings
---------------------
Rule 415 Offering
-----------------
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 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.
(2) 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.
(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.
II-4
<PAGE>
Incorporation of Subsequent Exchange Act Documents by Reference
---------------------------------------------------------------
The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or 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 he deemed to be
the initial bona fide offering thereof.
Ideminification of Directors and Officers
-----------------------------------------
Insofar as indemnification for liabilities arising under the Securities 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 Securities 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 Securities Act and will be governed by the final
adjudication of such issue.
II-5
<PAGE>
SIGNATURES
The Registrant. 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 Fort Worth, State of Texas, on September 22,
1995.
BURLINGTON NORTHERN SANTA FE CORPORATION
By: /s/ Robert D. Krebs
-------------------------------------
Robert D. Krebs
President and Chief Executive Officer
II-6
<PAGE>
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints
Gerald Grinstein, Robert D. Krebs and Jeffrey R. Moreland, and each of them, his
or her true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for him or her in his or her name, place and
stead, in any and all capacities, to sign any post-effective amendments to this
Registration Statement, and any and all documents in connection therewith, and
to file the same, with all exhibits thereto, and all documents in connection
therewith with the Securities and Exchange Commission under the Securities Act
of 1933, grants to 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 and
necessary to be done, as fully to all intents and purposes as he or she might or
could do in person, and hereby ratifies, approves and confirms all that each of
such attorneys-in-fact and agents, or their 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>
/s/ Gerald Grinstein Chairman of the Board and Director September 22, 1995
-----------------------
Gerald Grinstein
/s/ Robert D. Krebs President, Chief Executive Officer September 22, 1995
----------------------- and Director
Robert D. Krebs
/s/ Denis E. Springer Senior Vice President and September 22, 1995
----------------------- Chief Financial Officer
Denis E. Springer
/s/ Thomas N. Hund Vice President and Controller September 22, 1995
-----------------------
Thomas N. Hund
/s/ Joseph F. Alibrandi Director September 22, 1995
-----------------------
Joseph F. Alibrandi
/s/ Jack S. Blanton Director September 22, 1995
-----------------------
Jack S. Blanton
/s/ John J. Burns, Jr. Director September 22, 1995
-----------------------
John J. Burns, Jr.
/s/ Daniel P. Davison Director September 22, 1995
-----------------------
Daniel P. Davison
</TABLE>
II-7
<PAGE>
<TABLE>
<S> <C> <C>
/s/ George Deukmejian Director September 22, 1995
---------------------------
George Deukmejian
/s/ Daniel J. Evans Director September 22, 1995
---------------------------
Daniel J. Evans
/s/ Barbara Jordan Director September 22, 1995
---------------------------
Barbara Jordan
/s/ Bill M. Lindig Director September 22, 1995
---------------------------
Bill M. Lindig
/s/ Ben F. Love Director September 22, 1995
---------------------------
Ben F. Love
/s/ Roy S. Roberts Director September 22, 1995
---------------------------
Roy S. Roberts
/s/ Marc J. Shapiro Director September 22, 1995
---------------------------
Marc J. Shapiro
/s/ Arnold R. Weber Director September 22, 1995
---------------------------
Arnold R. Weber
/s/ Robert H. West Director September 22, 1995
---------------------------
Robert H. West
/s/ J. Steven Whisler Director September 22, 1995
---------------------------
J. Steven Whisler
/s/ Edward E. Whitacre, Jr. Director September 22, 1995
---------------------------
Edward E. Whitacre, Jr.
/s/ Ronald B. Woodard Director September 22, 1995
---------------------------
Ronald B. Woodard
/s/ Michael B. Yanney Director September 22, 1995
---------------------------
Michael B. Yanney
</TABLE>
II-8
<PAGE>
EXHIBIT INDEX
Sequentially
Exhibit Number Description of Exhibit Numbered Page
------- ------ ----------- -- ------- -------- ----
[S] [C] [C]
4.1 Copy of 1993 Employee Stock Purchase Plan
(incorporated by reference to Exhibit 4.1
to BNI registration statement No. 33-55196
on Form S-8).
5.1 Opinion of Counsel
23.1 Consent of Counsel (included in
the opinion filed as Exhibit 5.1)
23.2 Consent of Coopers & Lybrand L.L.P.
23.3 Consent of Coopers & Lybrand L.L.P.
23.4 Consent of Price Waterhouse LLP
24.1 Powers of Attorney (included
on page II-7).
<PAGE>
EXHIBIT 5.1
-----------
September 22, 1995
Burlington Northern Santa Fe Corporation
3800 Continental Plaza
777 Main Street
Fort Worth, Texas 76102
Re: Registration Statement on Form S-8
----------------------------------
Ladies and Gentlemen:
In connection with the registration under the Securities Act of 1933,
as amended, of 500,000 shares of Common Stock (the "Shares") of Burlington
Northern Santa Fe Corporation (the "Company"), we have examined the Registration
Statement on Form S-8 to be filed by the Company with the Securities and
Exchange Commission (the "Registration Statement") and such public and corporate
records, certificates and other documents and conducted such other examinations
as we have considered necessary for the purposes of the opinions hereinafter
expressed.
On the basis of the foregoing, we are of the opinion that all
necessary corporate action has been taken by the Company to authorize the
issuance of up to 500,000 shares pursuant to the Company's 1993 Employee Stock
Purchase Plan (the "Plan") referred to in the Registration Statement and any
such Shares will be, if and when issued in accordance with the Plan, validly
issued as fully paid and non-assessable Shares of the Company.
We consent to the filing of this opinion as an exhibit to the
Registration Statement, and to the reference to our firm under the caption
"Legal Matters" in the Prospectus to be used in connection with the Registration
Statement.
Very truly yours,
/s/ Steptoe & Johnson
Steptoe & Johnson
<PAGE>
EXHIBIT 23.2
------------
(ACCOUNTANTS LETTERHEAD)
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Registration Statement
on Form S-8 of Burlington Northern Santa Fe Corporation of our report dated
December 22, 1994 on our audit of the balance sheet of BNSF Corporation (now
known as Burlington Northern Santa Fe Corporation) as of December 22, 1994.
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
Fort Worth, Texas
September 21, 1995
<PAGE>
EXHIBIT 23.3
------------
(ACCOUNTANTS LETTERHEAD)
Consent of Independent Accountants
We consent to the incorporation by reference in the Registration
Statement on Form S-8 of Burlington Northern Santa Fe Corporation of our report
dated January 16, 1995, on our audits of the consolidated financial statements
and the financial statement schedules of Burlington Northern Inc. and
Subsidiaries as of December 31, 1994 and 1993, and for the years ended December
31, 1994, 1993 and 1992.
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
Fort Worth, Texas
September 21, 1995
<PAGE>
EXHIBIT 23.4
------------
(ACCOUNTANTS LETTERHEAD)
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 of Burlington Northern Santa Fe Corporation of our report
dated February 21, 1995, which appears on page 19 of the 1994 Annual report of
Santa Fe Pacific Corporation, which is incorporated by reference in Santa Fe
Pacific Corporation's Annual Report on Form 10-K for the year ended December 31,
1994.
/s/ Price Waterhouse LLP
Price Waterhouse LLP
Kansas City, Missouri
September 22, 1995
