Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
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ABBOTT LABORATORIES
(Exact name of registrant as specified in its charter)
Illinois 36-0698440
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Abbott Laboratories 60064-3500
100 Abbott Park Road (Zip Code)
Abbott Park, Illinois
(Address of Principal Executive Offices)
ABBOTT LABORATORIES ASHLAND UNION 401(K) PLAN
(Full Title of the Plan)
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Jose M. de Lasa
Abbott Laboratories
100 Abbott Park Road
Abbott Park, Illinois 60064-3500
(Name and address of agent for service)
Telephone number, including area code, of agent for service: (847) 937-6100
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CALCULATION OF REGISTRATION FEE
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Proposed
Proposed Maximum
Maximum Aggregate Amount of
Title of Securities Amount to be Offering Price Offering Registration
to be Registered Registered Per Share (a) Price (a) Fee (a)
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Common Shares 75,000(a) $ 48.00 $3,600,000 $1,242
(without par value)
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(a) In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
registration statement also covers an indeterminate amount of interests
offered or sold pursuant to the employee benefit plan named herein. The
filing fee has been calculated in accordance with Rule 457(c) based on the
average of the high and low prices of Registrant's Common Shares reported
in the consolidated reporting system on September 24, 1996.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents are incorporated by reference in the
registration statement:
(a) The Registrant's Annual Report on Form 10-K for the fiscal year
ended December 31, 1995.
(b) The Registrant's Current Report on Form 8-K, dated March 29,
1996.
(c) The Registrant's Quarterly Report on Form 10-Q for the quarter
ended March 31, 1996.
(d) The Registrant's Quarterly Report on Form 10-Q for the quarter
ended June 30, 1996.
(e) The description of the Common Shares, no par value, contained in
the Registrant's registration statements filed under the Securities Exchange Act
of 1934 (File No. 1-2189), including any amendments or reports filed for the
purpose of updating such descriptions.
All documents subsequently filed by the Registrant pursuant to Section
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all shares offered
have been sold or which deregisters all shares then remaining unsold, shall be
deemed to be incorporated by reference in the registration statement and to be
part hereof from the date of filing of such documents.
Item 4. DESCRIPTION OF SECURITIES
Not Applicable.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Jose M. de Lasa, Esq., Senior Vice-President, General Counsel and
Secretary of the Registrant, whose opinion is included herewith as Exhibit 5,
beneficially owned as of September 24, 1996, approximately 20,057 Common
Shares of the Registrant (this amount includes approximately 57 shares held
for the benefit of Mr. de Lasa in the Abbott Laboratories Stock Retirement
Trust pursuant to the Abbott Laboratories Stock Retirement Plan) and held
options to acquire 130,002 Common Shares of which options to purchase 26,668
Common Shares are currently exercisable.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Restated Article R-VI of the Registrant's Restated Articles of
Incorporation provides that the Registrant shall, in the case of persons who are
or were directors or officers of the Registrant, and may, as to such other
persons, indemnify to the fullest extent permitted by law 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, by reason of the fact that he or she is or was a director,
officer, employee or agent of the Registrant, or is or was serving at the
request of the Registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise. The
provisions of Article R-VI are applicable to all expenses (including attorneys'
fees), judgements, fines and amounts paid in settlement actually and reasonably
incurred in connection with such action, suit or proceeding. Expenses incurred
in defending a civil or criminal action, suit or proceeding may be paid by the
Registrant in advance of the final disposition of such action, suit or
proceeding, as authorized by the Registrant's Board of Directors in the specific
case, upon receipt of an undertaking by or on behalf of the director, officer,
employee or agent to repay such amount, unless it shall ultimately be determined
that he/she is entitled to indemnification.
Section 8.75 of the Illinois Business Corporation Act provides that a
corporation may indemnify any person (or his or her personal representatives)
who, by reason of the fact that such person is or was a director or officer of
such corporation, is made (or threatened to be made) a party
2
to any pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative, other than one brought on behalf of the
corporation, against reasonable expenses (including attorneys' fees), judgments,
fines and settlement payments, if such person acted in good faith and in a
manner he or she reasonably believed to be not opposed to the best interests of
such corporation and, in criminal actions, in addition, had no reasonable cause
to believe his or her conduct was unlawful. In the case of actions on behalf of
the corporation, indemnification may extend only to reasonable expenses
(including attorneys' fees) and only if such person acted in good faith and in a
manner he or she reasonably believed to be not opposed to the best interests of
the corporation, provided that no such indemnification is permitted in respect
of any claim, issue or matter as to which such person is adjudged to be liable
for negligence or misconduct in the performance of his or her duty to the
corporation except to the extent that the adjudicating court otherwise provides.
To the extent that such person has been successful in defending any action, suit
or proceeding (even one on behalf of the corporation) or in defense of any
claim, issue or matter therein, such person is entitled to indemnification for
reasonable expenses (including attorneys' fees) incurred by such person in
connection therewith.
The indemnification provided for by the Illinois Business Corporation
Act is not exclusive of any other rights of indemnification, and a corporation
may maintain insurance against liabilities for which indemnification is not
expressly provided by the Illinois Business Corporation Act. The Registrant's
directors and officers are insured under a directors and officers liability
insurance policy maintained by the Registrant.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
Item 8. EXHIBITS
See Exhibit Index which is incorporated herein.
Item 9. UNDERTAKINGS
The 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. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in
the aggregate, the changes in volume and price represent no more than
20 percent change in the maximum aggregate offering price set forth in
the "Calculation of Registration Fee" table in the effective
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 (1)(i) and
(1)(ii) do not apply if the registration statement is on Form S-3,
Form S-8 or Form F-3, and the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant
3
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) That, for the 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.
(4) 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.
(5) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the provisions described in Item 6 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 of 1933 and is, therefore, unenforceable. In
the event that a claim for indemnification against 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, that 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 of 1933 and will be governed by the final adjudication of such
issue.
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 unincorporated Lake County, and State of Illinois, on
September 27, 1996.
ABBOTT LABORATORIES
By /s/ Duane L. Burnham
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Duane L. Burnham,
Chairman of the Board and
Chief Executive Officer
Each person whose signature appears below constitutes and appoints
Duane L. Burnham and Jose M. de Lasa, Esq., and each of them, as his or her true
and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him or her and in his or her 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 all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each 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, hereby ratifying and
confirming all that said attorney-in-fact and agent, or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
4
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.
Signature Title Date
- --------- ----- ----
/s/ Duane L. Burnham Chairman of the Board, September 27, 1996
- ------------------------- Chief Executive Officer,
Duane L. Burnham and Director of
Abbott Laboratories
/s/ K. Frank Austen, M.D. Director of Abbott September 27, 1996
- ------------------------- Laboratories
K. Frank Austen, M.D.
/s/ H. Laurance Fuller Director of Abbott September 27, 1996
- ------------------------- Laboratories
H. Laurance Fuller
/s/ Thomas R. Hodgson President, Chief September 27, 1996
- ------------------------- Operating Officer and
Thomas R. Hodgson Director of Abbott
Laboratories
/s/ Allen F. Jacobson Director of Abbott September 27, 1996
- ------------------------- Laboratories
Allen F. Jacobson
/s/ David A. Jones Director of Abbott September 27, 1996
- ------------------------- Laboratories
David A. Jones
/s/ David A. L. Owen Director of Abbott September 27, 1996
- ------------------------- Laboratories
David A. L. Owen
/s/ Boone Powell, Jr. Director of Abbott September 27, 1996
- ------------------------- Laboratories
Boone Powell, Jr.
/s/ A. Barry Rand Director of Abbott September 27, 1996
- ------------------------- Laboratories
A. Barry Rand
/s/ W. Ann Reynolds Director of Abbott September 27, 1996
- ------------------------- Laboratories
W. Ann Reynolds
/s/ William D. Smithburg Director of Abbott September 27, 1996
- ------------------------- Laboratories
William D. Smithburg
/s/ John R. Walter Director of Abbott September 27, 1996
- ------------------------- Laboratories
John R. Walter
/s/ William L. Weiss Director of Abbott September 27, 1996
- ------------------------- Laboratories
William L. Weiss
/s/ Gary P. Coughlan Senior Vice President, September 27, 1996
- ------------------------- Finance and Chief
Gary P. Coughlan Financial Officer
of Abbott Laboratories
/s/ Theodore A. Olson Vice President and September 27, 1996
- ------------------------- Controller of
Theodore A. Olson Abbott Laboratories
5
ABBOTT LABORATORIES ASHLAND
UNION 401(K) PLAN
By: ABBOTT LABORATORIES
EMPLOYEE BENEFIT
BOARD OF REVIEW
/s/ Thomas C. Freyman
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Thomas C. Freyman
/s/ Gary P. Coughlan
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Gary P. Coughlan
/s/ Ellen M. Walvoord
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Ellen M. Walvoord
Being all of the Members of the
Abbott Laboratories Employee
Benefit Board of Review
6
EXHIBIT INDEX
Exhibit No. Description
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4.1* Articles of Incorporation - Abbott
Laboratories, filed as Exhibit 3.1 to
the Abbott Laboratories Quarterly Report
on Form 10-Q for the Quarter ended March
31, 1994.
4.2* Corporate By-Laws - Abbott Laboratories,
filed as Exhibit 3.2 to the 1994 Abbott
Laboratories Annual Report on Form 10-K.
5 Opinion of Jose M. de Lasa, as to the
legality of the securities being
registered.
23.1 Consent of Arthur Andersen LLP as to the
use of their report and references to
their firm.
23.2 The consent of counsel, Jose M. de Lasa,
is included in his opinion filed as
Exhibit 5, herewith.
24.1 Power of Attorney (included on
signature page of this Registration
Statement).
- -------------------------
* Incorporated herein by reference
7
Exhibit 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement of: (i) our supplemental report
dated January 15, 1996 included in the Abbott Laboratories Annual Report on
Form 10-K for the year ended December 31, 1995; and (ii) our report dated
January 15, 1996 incorporated by reference in the Abbott Laboratories Annual
Report on Form 10-K for the year ended December 31, 1995.
/s/ Arthur Andersen LLP
------------------------------
ARTHUR ANDERSEN LLP
Chicago, Illinois
September 27, 1996
8
Exhibit 5
September 27, 1996
Abbott Laboratories
Abbott Park, Illinois 60064-3500
and
Abbott Laboratories
Employee Benefit
Board of Review
Abbott Park, Illinois 60064-3500
Gentlemen and Ms. Walvoord:
I have examined the Registration Statement on Form S-8 to which this is an
exhibit, to be filed with the Securities and Exchange Commission in connection
with the registration under the Securities Act of 1933, as amended, of 75,000
common shares of Abbott Laboratories, without par value, and of an indeterminate
amount of interests to be offered or sold pursuant to the Abbott Laboratories
Ashland Union 401(k) Plan (the "Plan"), all as described more fully in said
Registration Statement. I have also examined copies of the Articles of
Incorporation and By-laws of Abbott Laboratories (the "Company"), as amended,
the Abbott Laboratories Ashland Union 401(k) Trust (the "Trust") and the Plan.
In addition, I have made such other examinations and have ascertained or
verified to my satisfaction such additional facts as I deem pertinent under the
circumstances.
On the basis of such examinations, I am of the opinion that:
1. Abbott Laboratories is a corporation duly organized and existing under the
laws of the State of Illinois, with corporate power to own and operate the
property now owned by it.
2. The common shares to be offered and sold under the Plan may be (a) such as
have been purchased for that purpose from the holders thereof; or (b) such
as shall be newly issued by Abbott Laboratories, all as described more
fully in said Registration Statement. All legal and corporate proceedings
necessary to the authorization and issuance of the common shares heretofore
issued have been duly taken and such common shares have been legally
issued, and when utilized for the purposes of the Plan according to the
provisions thereof, will be legally issued, fully paid and nonassessable
outstanding common shares of the Company. As to such common shares as may
be issued hereafter, either directly for the purposes of the Plan or issued
for other purposes and then acquired from the holders, they will, upon due
amendment of the Articles of Incorporation and due authorization of the
Board of Directors, if required, and upon receipt of the consideration for
said common shares specified by the Board of Directors, be legally issued
and, when utilized for the purposes of the Plan according to the provisions
thereof, be legally issued, fully paid and nonassessable outstanding common
shares of the Company.
Abbott Laboratories
September 27, 1996
Page 2 of 2
3. The Plan has been duly and legally authorized and adopted and the Trust
created to implement the Plan has been duly and legally authorized and
created and is a valid Trust enforceable according to its terms and the
participants in the Plan have valid beneficial interests in the Trust,
subject to the terms of the Trust and the Plan.
4. The Plan and Trust comply with those requirements of the Employee
Retirement Income Security Act of 1974 that are applicable to the same.
I hereby consent to the use of this legal opinion as an exhibit to the
Registration Statement to be filed with the Securities and Exchange Commission
under the Securities Act of 1933, as amended.
Very truly yours,
/s/ Jose M. de Lasa
Senior Vice President
Secretary & General Counsel
JMdL:jab