As filed with the Securities and Exchange Commission on June 9, 2014
Registration No. 333-   
          
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
 
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
 
 
 
 
 

EL PASO ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Texas
 
74-0607870
(State or other jurisdiction
 
(IRS Employer Identification No.)
of incorporation or organization)
 
 
100 NORTH STANTON
EL PASO TX 79901
(Address of principal executive offices) (Zip Code)
 
 
 
 
 

Amended and Restated 2007 LONG-TERM INCENTIVE PLAN
(Full title of the Plan)
 
 
 
 
 
THOMAS V. SHOCKLEY III
CHIEF EXECUTIVE OFFICER
EL PASO ELECTRIC COMPANY
100 NORTH STANTON
EL PASO TX 79901
(915) 543-5711
(Name, address including zip code, and telephone number,
including area code, of agent for service)
 
 
 
 
 
Copies to:
Daniel G. Kelly, Jr.
Davis Polk & Wardwell
1600 El Camino Real
Menlo Park, California 94025
(650) 752-2000
 
 
 
 
 
CALCULATION OF REGISTRATION FEE

Title of
Securities
to be
Registered

Amount
to be
Registered (1)

Proposed
Maximum
Offering
Price
per Share (2)
Proposed
Maximum
Aggregate
Offering
Price (2)

Amount of
Registration
        Fee
Common Stock, no par value
1,700,000 shares
$37.28
$63,376,000
$8,162.83

(1)
Registration Statement also covers an indeterminable number of additional shares that Registrant ma y issue to prevent dilution in the event of stock splits, stock dividends or similar transactions under the terms of the Plan.
(2)
Calculated under Rule 457(h) of the Securities Act of 1933, as amended, on the basis of the average of the high and low selling prices per share of the Registrant’s Common Stock on June 4, 2014 as reported by the New York Stock Exchange.



    
PART II
Information Required in the Registration Statement

Item 3.     Incorporation of Documents by Reference
The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Securities and Exchange Commission (the “SEC”):
(a)
The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the SEC on February 26, 2014;
(b)
The Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2014, filed with the SEC on May 8, 2014;
(c)
The Registrant’s Current Reports on Form 8-K filed with the SEC on January 16, 2014, April 29, 2014 and May 30, 2014 (each to the extent filed rather than furnished);
(d)
The descriptions of the terms, rights and provisions applicable to Registrant’s outstanding Common Stock contained in the Registrant’s Registration Statement on Form 8-A filed with the Commission under Section 12 of the 1934 Act on November 26, 2002, including any amendments or reports filed for the purpose of updating such descriptions.
All reports and definitive proxy or information statements filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.     Description of Securities
Not Applicable.
Item 5.     Interests of Named Experts and Counsel
Not Applicable.
Item 6.     Indemnification of Directors and Officers
The Registrant’s Articles provide that a past or present director will not be liable to the Registrant or its shareholders for monetary damages for acts or omissions occurring in the director’s capacity as a director, to the extent permitted by Texas law. Under Section 7.001 of the Texas Business Organizations Code, the articles of incorporation of a Texas corporation may eliminate or limit a director’s monetary damages for acts or omissions in the director’s capacity as a director, except that the limitation or elimination of liability cannot be extended to the extent that a director is found liable under applicable law for: (1) breach of duty of loyalty to the corporation or shareholders; (2) an act or omission not in good faith that constitutes a breach of duty to the corporation; (3) an act or omission not in good faith that involves intentional misconduct or a knowing violation of the law; (4) a transaction from which the director received an improper benefit, regardless of whether the benefit resulted from an action taken within the scope of the director’s duties; or (5) an act or omission for which the liability of a director is expressly provided by an applicable statute.



The Registrant’s Articles require the Registrant to indemnify and advance expenses to a person who is named as a party as a result of his or her position as an officer or director of the Registrant to the full extent permitted by Texas law.
Under Section 8.051 of the Texas Business Organizations Code, a corporation must indemnify a director or officer for reasonable expenses (including attorneys’ fees) incurred in connection with the successful defense on the merits of a proceeding in which the director or officer is a party as a result of being a director or officer. In addition, the Texas Business Organizations Code permits indemnification for reasonable expenses (including attorney’s fees), judgments, fines, penalties and settlements if it is determined that the person seeking indemnification acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation or its shareholders and, with respect to criminal proceedings, had no reasonable cause to believe that his or her conduct was unlawful; except that if such person is found liable to the corporation or for receiving improper personal benefits, the indemnification is limited to reasonable expenses actually incurred, or if the person is found liable for willful or intentional misconduct in the performance of his or her duty to the corporation, no indemnification is permitted.
Section 8.151 of the Texas Business Organizations Code also permits a corporation to purchase and maintain insurance or to make other arrangements on behalf of an officer, director, employee or agent against any liability arising out of such person’s status as a director, officer, employee, or agent of the corporation, whether or not the corporation would have the powers to indemnify the person. The Registrant has also entered into indemnity agreements with each officer and director pursuant to which the Registrant is required to indemnify such officers and directors to the fullest extent permitted by law.
Item 7.     Exemption from Registration Claimed
Not Applicable.
Item 8.     Exhibits
Exhibit Number      Exhibit
5.1
Opinion of Counsel.
23.1
Consent of Independent Registered Public Accounting Firm.
23.2
Consent of Counsel (included in Exhibit 5.1).
24.1
Powers of Attorney (included on signature page).
99.1
El Paso Electric Company Amended and Restated 2007 Long-Term Incentive Plan.
Item 9.     Undertakings
A.    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 (i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the “1933 Act”), (ii) to reflect in the prospectus any facts or events arising after the effective date of this 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 this Registration Statement and (iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall 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 Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated by reference into this Registration Statement;




(2)    that for the purpose of determining any liability under the 1933 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; and

(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.

B.    The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act that is incorporated by reference into this 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.
C.    Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to directors, officers, or controlling persons of the Registrant pursuant to the indemnification foregoing provisions summarized in Item 6 or otherwise, the Registrant has been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the 1933 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 1933 Act and will be governed by the final adjudication of such issue.





SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 El Paso, State of Texas, on the 9th day of June, 2014.
EL PASO ELECTRIC COMPANY
By:      /s/    Nathan T. Hirschi     
Name:    Nathan T. Hirschi
Title:    Senior Vice President - Chief Financial Officer

POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of El Paso Electric Company, a Texas corporation, do hereby constitute and appoint Thomas V. Shockley III, Nathan T. Hirschi and Mary E. Kipp, and each one of them, the lawful attorneys-in-fact and agents with full power and authority to do any and all acts and things and to execute any and all instruments which said attorneys and agents, and any one of them, determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby ratifies and confirms all that said attorneys and agents, or any one of them, shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF , each of the undersigned has executed this Power of Attorney as of the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date



 
 
/s/ Thomas V. Shockley III
Chief Executive Officer (Principal Executive Officer) and Director
June 9, 2014
(Thomas V. Shockley III)
 
 
 
 
/s/ Nathan T. Hirschi
Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)
June 9, 2014
(Nathan T. Hirschi)
 
 
 
 



/s/ Catherine A. Allen
Director
June 9, 2014
(Catherine A. Allen)
 
 
 
 
 
/s/ John Robert Brown
Director
June 9, 2014
(John Robert Brown)
 
 
 
 
 
/s/ James W. Cicconi
Director
June 9, 2014
(James W. Cicconi)
 
 
 
 
 
/s/ Edward Escudero
Director
June 9, 2014
(Edward Escudero)
 
 
 
 
/s/ James W. Harris
Director
June 9, 2014
(James W. Harris)
 
 
 
 
/s/ Patricia Z. Holland-Branch
Director
June 9, 2014
(Patricia Z. Holland-Branch
 
 
 
 
/s/ Woodley L. Hunt
Director
June 9, 2014
(Woodley L. Hunt)
 
 
 
 
/s/ Michael K. Parks
Director
June 9, 2014
(Michael K. Parks)
 
 
 
 
/s/ Eric B. Siegel
Director
June 9, 2014
(Eric B. Siegel)
 
 
 
 



/s/ Stephen N. Wertheimer
Director
June 9, 2014
(Stephen N. Wertheimer)
Director
 
 
 
/s/ Charles A. Yamarone
June 9, 2014
(Charles A. Yamarone)
 
 
 
 
 
 





EXHIBIT INDEX

Exhibit Number      Exhibit
5.1
Opinion of Counsel.
23.1
Consent of Independent Registered Public Accounting Firm.
23.2
Consent of Counsel (included in Exhibit 5.1).
24.1
Powers of Attorney (included on signature page).
99.1
El Paso Electric Company Amended and Restated 2007 Long-Term Incentive Plan.


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