SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
EMC CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Massachusetts
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(State or Other Jurisdiction of Incorporation or Organization)
04-2680009
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(I.R.S. Employer Identification Number)
35 Parkwood Drive,
Hopkinton, Massachusetts 01748
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(Address of Principal Executive Offices)
Luminate Software Corporation 1996 Equity Incentive Plan
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(Full Title of the Plan)
Paul T. Dacier, Esq.
Senior Vice President and General Counsel
EMC Corporation
171 South Street
Hopkinton, Massachusetts 01748
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(Name and Address of Agent for Service)
(508) 435-1000
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(Telephone Number, Including Area Code for Agent for Service)
CALCULATION OF REGISTRATION FEE
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Proposed Maximum Proposed Amount of
Title of Securities to be Amount to be Offering Price Per Maximum Aggregate Registration
Registered Registered (1) Share (2) Offering Price (3) Fee (3)
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Luminate Software Corporation 1996
Equity Incentive Plan, as amended 119,310 $5.99 $714,667.00 $185.00
Common Stock, par value $.01 per share
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(1) This Registration Statement covers 119,310 shares of the Registrant's
common stock, par value $.01 per share (the "Common Stock"), that may be
issued upon exercise of options granted under the Luminate Software
Corporation 1996 Equity Incentive Plan, as amended (the "Plan"). Also
registered hereunder is such additional number of shares of Common Stock,
presently indeterminable, as may be necessary to satisfy the antidilution
provisions of the Plan to which this Registration Statement relates.
(2) As set forth in Rule 457(h)(1) under the Securities Act of 1933, as
amended, based on the prices at which options to acquire the Common Stock
under the Plan may be exercised, which prices range from $0.50 to $8.28.
(3) Estimated in accordance with Rule 457(h)(1) under the Securities Act of
1933, as amended, solely for the purpose of determining the registration
fee.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
EMC Corporation (the "Registrant") hereby incorporates by reference the
following documents filed with the Securities and Exchange Commission:
(a) the Registrant's Current Reports on Form 8-K filed with the SEC on
January 12, 2001, January 25, 2001, February 2, 2001 and
February 8, 2001;
(b) the Registrant's Annual Report on Form 10-K for the fiscal year ending
December 31, 2000;
(c) the Registrant's Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2001 and June 30, 2001; and
(d) the description of the Registrant's common stock which is contained in
the Registrant's Registration Statement on Form 8-A filed by the
Registrant under Section 12 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), on March 4, 1988, including any
amendments or reports filed for the purpose of updating such
description.
In addition, all documents subsequently filed by the Registrant pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold under this
Registration Statement, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained herein or in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superceded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supercedes
such earlier statement. Any statement so modified or superceded shall not be
deemed, except as so modified or superceded, to constitute part of this
Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
The legality of the shares of the Registrant's common stock being
registered pursuant to this registration statement will be passed upon for the
Registrant by Paul T. Dacier, Senior Vice President and General Counsel of the
Registrant. As of September 30, 2001, Mr. Dacier was the beneficial owner (for
purposes of the Exchange Act) of 339,244 shares of the Registrant's common
stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 67 of Chapter 156B of the General Laws of the Commonwealth of
Massachusetts authorizes a Massachusetts corporation to indemnify any director,
officer, employee or other agent of the corporation, any person who serves at
its request as a director, officer, employee or other agent of another
organization, or any person who serves at its request in any capacity with
respect to any employee benefit plan, to whatever extent specified in or
authorized by (i) the articles of organization, (ii) a by-law adopted by the
stockholders or (iii) a vote adopted by the holders of a majority of the shares
of stock entitled to vote on the election of directors.
Article 6(k) of the Registrant's Restated Articles of Organization, as
amended, provides as follows:
No director of the corporation shall be personally liable to the
corporation or its stockholders for monetary damages for breach of fiduciary
duty as a director to the extent provided by applicable law notwithstanding any
provision of law imposing such liability; provided, however, that to the extent,
and only to the extent, required by Section 13(b)(1 1/2)
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or any successor provision of the Massachusetts Business Corporation Law, this
provision shall not eliminate or limit the liability of a director (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) under sections 61 or 62 of the
Massachusetts Business Corporation Law, or (iv) for any transaction from which
the director derived an improper personal benefit. This provision shall not be
construed in any way so as to impose or create liability. The forgoing
provisions of this Article 6(k) shall not eliminate the liability of a director
for any act or omission occurring prior to the date on which this Article 6(k)
becomes effective. No amendment to or repeal of this Article 6(k) shall apply to
or have any effect on the liability or alleged liability of any director of the
corporation for or with respect to any acts or omissions of such director
occurring prior to such amendment or repeal.
In addition, Section 7 of the Registrant's Amended and Restated By-laws,
entitled "Indemnification of Directors and Officers," provides as follows:
The corporation shall, to the extent legally permissible, indemnify each of
its directors and officers (including persons who act at its request as
directors, officers or trustees of another organization or in any capacity with
respect to any employee benefit plan) against all liabilities and expenses,
including amounts paid in satisfaction of judgments, in compromise or as fines
and penalties, and counsel fees, reasonably incurred by such director or officer
in connection with the defense or disposition of any action, suit or other
proceeding, whether civil or criminal, in which such director or officer may be
involved or with which such director or officer may be threatened, while in
office or thereafter, by reason of such individual being or having been such a
director or officer, except with respect to any matter as to which such director
or officer shall have been adjudicated in any proceeding not to have acted in
good faith in the reasonable belief that such individual's action was in the
best interests of the corporation (any person serving another organization in
one or more of the indicated capacities at the request of the corporation who
shall have acted in good faith in the reasonable belief that such individual's
action was in the best interests of such other organization to be deemed as
having acted in such manner with respect to the corporation) or, to the extent
that such matter relates to service with respect to any employee benefit plan,
in the best interests of the participants or beneficiaries of such employee
benefit plan; provided, however, that as to any matter disposed of by a
compromise payment by such director or officer, pursuant to a consent decree or
otherwise, no indemnification either for said payment or for any other expenses
shall be provided unless such compromise shall be approved as in the best
interests of the corporation, after notice that it involves such
indemnification: (a) by a disinterested majority of the directors then in
office; or (b) by a majority of the disinterested directors then in office,
provided that there has been obtained an opinion in writing of independent legal
counsel to the effect that such director or officer appears to have acted in
good faith in the reasonable belief that such individual's action was in the
best interests of the corporation; or (c) by the holders of a majority of the
outstanding stock at the time entitled to vote for directors, voting as a single
class, exclusive of any stock owned by any interested director or officer.
Expenses, including counsel fees, reasonably incurred by any director or officer
in connection with the defense or disposition of any such action, suit or other
proceeding may be paid from time to time by the corporation in advance of the
final disposition thereof upon receipt of an undertaking by such director or
officer to repay to the corporation the amounts so paid by the corporation if it
is ultimately determined that indemnification for such expenses is not
authorized under this Section 7. The right of indemnification hereby provided
shall not be exclusive of or affect any other rights to which any director or
officer may be entitled. As used in this Section, the terms "director" and
"officer" include their respective heirs, executors and administrators, and an
"interested" director or officer is one against whom in such capacity the
proceedings in question or another proceeding on the same or similar grounds is
then pending. Nothing contained in this Section shall affect any rights to
indemnification to which corporate personnel other than directors or officers
may be entitled by contract or otherwise under law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The following exhibits are filed as part of or incorporated by reference
into this Registration Statement:
4.1 Luminate Software Corporation 1996 Equity Incentive Plan, as
amended.
5.1 Opinion of Paul T. Dacier, Senior Vice President and General
Counsel to EMC Corporation, as to the legality of the securities being
registered.
23.1 Consent of PricewaterhouseCoopers LLP, Independent Accountants.
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23.2 Consent of Paul T. Dacier, Senior Vice President and General
Counsel to EMC Corporation (contained in the opinion filed as Exhibit 5.1
to this Registration Statement).
24.1 Power of Attorney (included on the signature pages to this
registration statement).
ITEM 9. UNDERTAKINGS
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
prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(2) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement 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 a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration
Fee" table in the effective registration statement;
(3) 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;
(4) 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;
(5) 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;
(6) That, for 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
(and, where applicable, each filing of an employee benefit plan's
annual report pursuant to 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; and
(7) 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 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 of 1933 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 of 1933
and will be governed by the final adjudication of such issue.
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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 on Form S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized in the Town of Hopkinton, Commonwealth of Massachusetts, on
October 17, 2001.
EMC CORPORATION
By: /S/ PAUL T. DACIER
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Paul T. Dacier
Senior Vice President and General Counsel
POWER OF ATTORNEY
Each person whose signature appears below hereby severally constitutes and
appoints Joseph M. Tucci, William J. Teuber, Jr. and Paul T. Dacier, and each of
them singly, with the power to act without the other, as attorneys-in-fact, each
with the power of substitution, for him in any and all capacities, to sign any
amendment 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 to 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 connection therewith, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact or any of them, or their 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.
SIGNATURES TITLE DATE
/S/ MICHAEL C. RUETTGERS Executive Chairman (PRINCIPAL October 17, 2001
--------------------------------------- EXECUTIVE OFFICER)
MICHAEL C. RUETTGERS
/S/ JOSEPH M. TUCCI Chief Executive Officer, October 17, 2001
--------------------------------------- President and Director
JOSEPH M. TUCCI
/S/ WILLIAM J. TEUBER, JR. Senior Vice President and October 17, 2001
--------------------------------------- Chief Financial Officer
WILLIAM J. TEUBER, JR. (PRINCIPAL FINANCIAL AND
ACCOUNTING OFFICER)
/S/ MICHAEL J. CRONIN Director October 17, 2001
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MICHAEL J. CRONIN
/S/ JOHN R. EGAN Director October 17, 2001
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JOHN R. EGAN
[SIGNATURE PAGE TO REGISTRATION STATEMENT ON FORM S-8]
/S/ W. PAUL FITZGERALD Director October 17, 2001
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W. PAUL FITZGERALD
/S/ ALFRED M. ZEIEN Director October 17, 2001
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ALFRED M. ZEIEN
[SIGNATURE PAGE TO REGISTRATION STATEMENT ON FORM S-8]
EXHIBIT INDEX
4.1 Luminate Software Corporation 1996 Equity Incentive Plan, as amended.
5.1 Opinion of Paul T. Dacier, Senior Vice President and General Counsel
to EMC Corporation, as to the legality of the securities being
registered.
23.1 Consent of PricewaterhouseCoopers LLP, Independent Accountants.
23.2 Consent of Paul T. Dacier, Senior Vice President and General Counsel
to EMC Corporation (contained in the opinion filed as Exhibit 5.1 to
this Registration Statement).
24.1 Power of Attorney (included on the signature pages to this
registration statement).