Securities Registration: Employee Benefit Plan (s-8)
May 11 2016 - 1:53PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on May 11, 2016
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
POTASH CORPORATION OF SASKATCHEWAN INC.
(Exact name of registrant as specified in its charter)
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Canada
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N/A
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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122 1
st
Avenue South
Saskatoon, Saskatchewan,
Canada S7K 7G3
(Address, including zip code, of Principal Executive Offices)
Potash Corporation of Saskatchewan Inc.
2016 Long-Term Incentive Plan
(Full title of the plan)
Jochen E. Tilk
Potash Corporation of Saskatchewan Inc.
122
1
st
Avenue South
Saskatoon, Saskatchewan, Canada S7K 7G3
(Names and address of agent for
service)
(306) 933-8500
(Telephone number, including area code, of agent for service)
Copy to:
Joel T. May
Neil M. Simon
Jones Day
77 West Wacker
Chicago, Illinois 60601
(312) 782-3939
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated
filer, accelerated filer, and smaller reporting company in
Rule 12b-2
of the Exchange Act.
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Large accelerated filer
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x
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Accelerated filer
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¨
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Non-accelerated filer
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¨
(Do not check if smaller reporting company)
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Smaller reporting company
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¨
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CALCULATION OF REGISTRATION FEE
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Title of Securities
to be Registered
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Amount to be
Registered (1)(2)
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Proposed
Maximum
Offering Price
Per Share (3)
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Proposed
Maximum
Aggregate
Offering Price (3)
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Amount of
Registration Fee
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Common Shares, no par value
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21,000,000 shares
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$15.67
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$329,070,000
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$33,138
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(1)
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Consists of common shares (Common Shares) of Potash Corporation of Saskatchewan Inc. (the Registrant) to be issued pursuant to the Potash
Corporation of Saskatchewan Inc. 2016 Long-Term Incentive Plan (the Plan).
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(2)
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Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement also covers an indeterminate number
of additional Common Shares that may result from subdivisions, consolidations or reclassifications of the Common Shares, the payment of share dividends by the Registrant, or other relevant changes in the capital of the Registrant in accordance with
the provisions of the Plan.
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(3)
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Estimated solely for purposes of calculation of the registration fee, based upon the average of the high and low price of the Common Shares reported on the New York
Stock Exchange on May 9, 2016, pursuant to Rule 457(h) under the Securities Act.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents
by Reference.
The following documents previously filed by the Registrant with the Securities and Exchange Commission (the
Commission) are incorporated by reference in this Registration Statement:
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(a)
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The Registrants Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Commission on February 26, 2016;
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(b)
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The Registrants Quarterly Report on Form 10-Q for the period ended March 31, 2016, filed with the Commission on May 3, 2016;
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(c)
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The Registrants Current Reports on Form 8-K, filed with the Commission on January 22, 2016, January 28, 2016 (Item 8.01 only), January 29, 2016,
February 8, 2016, April 28, 2016 and May 11, 2016; and
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(d)
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The description of the Registrants Common Shares contained in the Registrants Current Report on Form 8-K, filed with the Commission on December 21, 2001.
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In addition, all of the Registrants reports filed with the Commission pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), after the date of this Registration Statement and prior to filing a post-effective amendment that indicates that all securities offered hereby have been
sold or that deregisters all securities then remaining unsold 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 reports.
Any statement contained herein or 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 in any subsequently filed document that also is or 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.
Section 124 of the Canada Business Corporations Act authorizes corporations to indemnify past and present directors, officers and certain
other individuals for liabilities incurred in connection with their services as such (including costs, expenses and settlement payments) if such individual acted honestly and in good faith with a view to the best interests of the corporation and, in
the case of a criminal or administrative proceeding, if such individual had reasonable grounds for believing his or her conduct was lawful. In the case of a suit by or on behalf of the corporation, a court must approve the indemnification.
Section 11(4) of the Registrants bylaws provides that the Registrant shall indemnify directors and officers to the
extent required or permitted by law.
The Registrant has entered into agreements with its directors and officers (each an
Indemnitee under such agreements) to indemnify the Indemnitee, to the extent permitted by law and subject to certain limitations, against all costs reasonably incurred by an Indemnitee in an action or proceeding to which the Indemnitee
was made a party by reason of the Indemnitee being an officer or director of (i) the Registrant or (ii) an organization of which the Registrant is a shareholder or creditor if the Indemnitee serves such organization at the request of the Registrant.
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The Registrant maintains insurance policies relating to certain liabilities that its
directors and officers may incur in such capacity.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
See Exhibit Index.
Item 9. Undertakings.
(a)
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The undersigned Registrant hereby undertakes:
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(1)
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To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
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(i)
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To include any prospectus required by Section 10(a)(3) of the Securities Act;
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(ii)
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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
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(iii)
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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;
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provided
,
however
, that paragraphs (a)(1)(i) and
(a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
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(2)
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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.
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(3)
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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.
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(b)
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The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrants annual
report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plans annual report pursuant to 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.
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(h)
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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 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.
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3
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Saskatoon, Province of Saskatchewan,
Canada, on the 11
th
day of May, 2016.
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POTASH CORPORATION OF
SASKATCHEWAN INC.
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By:
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/s/ Jochen E. Tilk
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Name:
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Jochen E. Tilk
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Title:
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President and Chief Executive Officer
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POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Jochen E. Tilk, Wayne R. Brownlee and Joseph A. Podwika, his or her true and lawful attorney-in-fact and agent, each acting alone, 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 or all amendments (including
post-effective
amendments) to this
Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and perform
each and every act and thing appropriate or necessary to be done in connection therewith, 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, acting
alone, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the
requirements of the Securities Act, as amended, this Registration Statement has been signed by the following persons in the capacities indicated, on the dates indicated below.
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Signature
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Title
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Date
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/s/ John W. Estey
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Chair of the Board
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May 11, 2016
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John W. Estey
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/s/ Wayne R. Brownlee
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Executive Vice President, Treasurer and
Chief Financial Officer
(Principal financial and accounting officer)
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May 11, 2016
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Wayne R. Brownlee
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/s/ Jochen E. Tilk
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President and Chief Executive Officer and Director (Principal executive officer)
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May 11, 2016
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Jochen E. Tilk
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/s/ Christopher M. Burley
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Director
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May 11, 2016
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Christopher M. Burley
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/s/ Donald G. Chynoweth
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Director
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May 11, 2016
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Donald G. Chynoweth
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/s/ Gerald W. Grandey
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Director
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May 11, 2016
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Gerald W. Grandey
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Signature
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Title
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Date
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/s/ C. Steven Hoffman
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Director
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May 11, 2016
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C. Steven Hoffman
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/s/ Alice D. Laberge
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Director
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May 11, 2016
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Alice D. Laberge
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/s/ Consuelo E. Madere
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Director
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May 11, 2016
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Consuelo E. Madere
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/s/ Keith G. Martell
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Director
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May 11, 2016
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Keith G. Martell
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/s/ Jeffrey J. McCaig
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Director
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May 11, 2016
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Jeffrey J. McCaig
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/s/ Aaron W. Regent
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Director
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May 11, 2016
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Aaron W. Regent
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/s/ Elena Viyella de Paliza
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Director
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May 11, 2016
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Elena Viyella de Paliza
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/s/ Zoë A. Yujnovich
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Director
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May 11, 2016
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Zoë A. Yujnovich
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PCS Administration (USA), Inc.
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/s/ Joseph A. Podwika
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Authorized Representative in the United States
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May 11, 2016
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Joseph A. Podwika
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EXHIBIT INDEX
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Exhibit
Number
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Description
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5.1
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Opinion of Stikeman Elliott LLP, Canadian counsel to the Registrant, as to the legality of the shares being registered.
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10.1
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Potash Corporation of Saskatchewan Inc. 2016 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to Potash Corporation of Saskatchewan Inc.s Current Report on
Form 8-K filed May 11, 2016).
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10.2
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Potash Corporation of Saskatchewan Inc. 2016 Long-Term Incentive Plan Form of Performance Share Unit Agreement (2016-2018 Phased
Grant) (incorporated by reference to Exhibit 10.2 to Potash Corporation of Saskatchewan Inc.s Current Report on Form 8-K filed May 11, 2016).
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10.3
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Potash Corporation of Saskatchewan Inc. 2016 Long-Term Incentive Plan Form of Performance Share Unit Agreement (incorporated by reference to Exhibit 10.3 to Potash
Corporation of Saskatchewan Inc.s Current Report on Form 8-K filed May 11, 2016).
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10.4
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Potash Corporation of Saskatchewan Inc. 2016 Long-Term Incentive Plan Form of Option Agreement (incorporated by reference to Exhibit 10.4 to Potash Corporation of
Saskatchewan Inc.s Current Report on Form 8-K filed May 11, 2016).
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23.1
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Consent of Deloitte LLP.
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23.2
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Consent of Stikeman Elliott LLP (included in Exhibit 5.1).
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24.1
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Power of Attorney (included on signature page).
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