As filed with the Securities and Exchange Commission on December 21, 1999 Registration No. 33-_____ Securities and Exchange Commission Washington, D. C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MCCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) MARYLAND 52-0408290 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 18 Loveton Circle 21152 (Address of Principal Executive Offices) (Zip Code) MCCORMICK & COMPANY, INCORPORATED DEFERRED COMPENSATION PLAN (Full title of plan) Robert W. Skelton Vice President, General Counsel & Secretary McCormick & Company, Incorporated 18 Loveton Circle Sparks, Maryland 21152 (410) 771-7563 (Name, address and telephone of agent for service) Approximate Date of Commencement of Proposed Sale to the Public: As soon as practicable after the Registration Statement becomes effective. CALCULATION OF REGISTRATION FEE Proposed Maximum Proposed Maximum Amount of Title of Securities Amount to be Offering Price Aggregate Registration to be Registered Registered* Per Share* Offering Price Fee Common Stock 100,000 shares $29.47 $2,947,000 $819.27 (no par value) * Represents the aggregate number of shares available at December 21, 1999 for issuance under the Plans with the estimated offering price and registration fee, calculated in accordance with Rule 457 (c) and (h), based upon the average of the high and low price of the common stock of the Registrant on December 17, 1999 ($29.47).
PART I INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS ITEM 1. PLAN INFORMATION* ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATIOn* * Information required by Part I to be contained in the Section 10(a) prospectus is omitted from the registration statement in accordance with Rule 428 under the Securities Act of 1933 and the Note to Part I of Form S-8. PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE The following documents or designated portions thereof are incorporated herein by reference: (i) The Company's Annual Report on Form 10-K for the fiscal year ended November 30, 1998, and all other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since November 30, 1998; (ii) The Company's Form 10 Registration Statement dated April 29, 1965 (Registration Statement File Number 0-748) registering stock pursuant to Section 12(g) of the Securities and Exchange Act of 1934, as amended by Form 8 filed on August 16, 1988 with the Commission, which describes the Company's Securities; and (iii) All documents filed by the Company or the McCormick & Company, Incorporated Deferred Compensation Plan pursuant to Section 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 subsequent to the filing of this Registration Statement, and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities 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 shall be deemed to be modified or superseded to the extent that a statement contained in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such prior statement. The documents required to be so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so modified or superseded.
ITEM 4. DESCRIPTION OF SECURITIES Not required. ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL The legal validity of the issuance of the shares of Common Stock and Common Stock Non-Voting offered by the Prospectus has been passed upon by Robert W. Skelton, Vice President and General Counsel of the Company. As of December 31, 1998, the record date for the 1999 Annual Meeting of Stockholders, Mr. Skelton owned 34,493 shares of the Company's Common Stock and 18,781 shares of Common Stock Non-Voting, which includes shares of Common Stock and Common Stock Non-Voting beneficially owned by Mr. Skelton alone or jointly with his spouse and children who have the same home as Mr. Skelton. It also includes shares which could be acquired within 60 days of December 31, 1998 pursuant to the exercise of stock options and shares beneficially owned by virtue of his participation in the McCormick Profit Sharing Plan. Ernst & Young LLP, independent auditors, have no reportable interest in the Company. ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS Under the Company's By-Laws and the Maryland General Corporation Law, the directors and officers of the Company may be entitled to indemnification in respect to threatened, pending or completed actions, suits or proceedings, whether civil, criminal, administrative or investigative ("proceedings") to which they are made a party by reason of their position as a director or officer of the Company. In the case of conduct in their official capacity with the Company, directors and officers will be entitled to indemnification so long as they acted in good faith and in a manner which they reasonably believed was in the best interests of the Company, and in all other cases they will be entitled to indemnification so long as they acted in good faith and in a manner that was at least not opposed to the best interests of the Company. In the case of criminal proceedings, the director or the officer also must have had no reasonable cause to believe that the conduct was unlawful. If the director or officer is successful on the merits or otherwise in the defense of any proceedings, the director or officer will be entitled to indemnification against reasonable expenses incurred in connection with the proceedings regardless of whether the foregoing standards are met. In addition, a court of competent jurisdiction may order indemnification if it determines that the director or officer has met the foregoing standards, or even if not, if it determines that the director or officer is entitled to indemnification in view of all the relevant circumstances. Any indemnification required or permitted by the Company's By-Laws and the Maryland General Corporation Law may be against judgments, penalties, fines, settlements and reasonable expenses actually incurred by the director or officer in connection with the proceeding. However, if the proceeding is by or in the right of the Company, indemnification may be made only against expenses and may not be made in respect of any proceeding in which the director or officer is adjudged to be liable to the Company.
Under the Company's Charter, the monetary liability of directors and officers to the Company or its stockholders is eliminated except for, and to the extent of, actual receipt of an improper benefit in money, property or services, or in respect to an adjudication based upon a finding of active and deliberate dishonesty material to the cause of action adjudicated. The Company also maintains for the benefit of its directors and officers insurance covering certain liabilities asserted against or incurred by such persons in their capacity as, or as a result of their position of, director or officer of the Company. This insurance may afford protection for liabilities not subject to indemnification under the Company's By-Laws and the Maryland General Corporation Law. ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED Not Applicable. ITEM 8. EXHIBITS See Exhibit Index. 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 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 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) To remove the 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 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.
C. 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 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 questions whether such indemnification by it is against public policy as expressed in the Act 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 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 County of Baltimore, and the State of Maryland, on the 21st day of December, 1999. McCORMICK & COMPANY, INCORPORATED By: ___________________________ Robert J. Lawless Chairman, President & Chief Executive Officer Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated. Principal Executive Officer: ___________________________ Chairman, President & December 21, 1999 Robert J. Lawless Chief Executive Officer Principal Financial Officer _________________________ Executive Vice President & December 21, 1999 Francis A. Contino Chief Financial Officer Principal Accounting Officer ___________________________ Vice President & December 21, 1999 J. Allan Anderson Controller
A majority of the Board of Directors: JAMES T. BRADY, FRANCIS A. CONTINO, ROBERT G. DAVEY, EDWARD S. DUNN, JR., FREEMAN A. HRABOWSKI, III, ROBERT J. LAWLESS, CARROLL D. NORDHOFF, ROBERT W. SCHROEDER, WILLIAM E. STEVENS AND KAREN D. WEATHERHOLTZ. By: ___________________________ Attorney-in-fact December 21, 1999 Robert W. Skelton THE MCCORMICK & COMPANY, INCORPORATED DEFERRED COMPENSATION PLAN. Pursuant to the requirements of the Securities Act of 1933, the McCormick & Company, Incorporated Deferred Compensation Plan has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Baltimore, and the State of Maryland, on the 21st day of December, 1999. MCCORMICK & COMPANY, INCORPORATED DEFERRED COMPENSATION PLAN By: Plan Committee (Executive Committee) By: ___________________________ Robert W. Skelton Attorney-in-Fact CONSENT OF COUNSEL The consent of Robert W. Skelton, Esquire is included in the opinion filed as Exhibit 5 to the Registration Statement.
EXHIBIT INDEX EXHIBIT REFERENCES ------- ---------- (4) Instruments defining the rights of Restatement of Charter of McCormick security holders, including & Company, Incorporated dated April 16, 1990, (See Exhibit #4, Registration Statement on S-8, (See Exhibit #4, Registration Statement on Restatement of Charter of McCormick & Company, Incorporated dated April 16, 1990, (See Exhibit #4, Registration Statement on Form S-, Registration No. 33-39582 filed March 25, agrees to furnish a copy of any such instrument upon request of the Commission. 1991), as amended by the Articles of Amendment dated April l, 1992 (See Exhibit #4, Registration Statement on Form S-8, Registration No. 33-59842 filed March 19, 1993). No instrument of Registrant with respect to long-term debt involves an amount of authorized securities which exceeds 10 percent of the total assets of the Registrant and its subsidiaries on a consolidated basis. Registrant agrees to furnish a copy of any such instrument upon request of the Commission. (5) Opinion re: legality Opinion of Robert W. Skelton, Esquire, attached. (15) Letter re: unaudited, interim Not applicable. financial information (23) Consents of experts and counsel See "Consent of Independent Auditors" and Exhibit #5 (24) Power of Attorney Attached.
Exhibit 5 December 21, 1999 Board of Directors McCormick & Company, Incorporated 18 Loveton Circle Sparks, Maryland 21152 Re: Registration Statement on Form S-8 dated December 21, 1999 I am Vice President, General Counsel and Secretary of McCormick & Company, Incorporated (the "Company"). I have reviewed and am familiar with the McCormick & Company, Incorporated Deferred Compensation Plan (the "Plan"), the Charter and the By-Laws of the Company, the corporate proceedings relating to the adoption of the Plan, and the Registration Statement on Form S-8 being filed with the Securities and Exchange Commission under the Securities Act of 1933 in the matter of the offering of shares of Common Stock under the Plan. In my opinion, the shares offered and sold pursuant to the Plan, upon issuance and delivery by the Company pursuant to the Plan, will be legally and validly authorized and issued and will be fully paid and non-assessable in the hands of the holders thereof. I hereby consent to the filing of this opinion as an exhibit to the above-mentioned Registration Statement. Very truly yours, Robert W. Skelton
Exhibit 23 CONSENT OF INDEPENDENT AUDITORS We consent to the incorporation by reference herein pertaining to the McCormick & Company, Incorporated Deferred Compensation Plan of our report dated January 18, 1999, with respect to the consolidated financial statements of McCormick & Company, Incorporated by reference in its Annual Report on Form 10-K for the year ended November 30, 1998 and the related financial statement schedules included therein filed with the Securities and Exchange Commission. ERNST & YOUNG Baltimore, Maryland December 21, 1999
Exhibit 24 MCCORMICK & COMPANY, INCORPORATED POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the undersigned officers and directors of McCORMICK & COMPANY, INCORPORATED, a Maryland corporation, hereby constitute and appoint ROBERT J. LAWLESS, CARROLL D. NORDHOFF and ROBERT W. SKELTON., and each of them, the true and lawful agents and attorneys-in-fact of the undersigned with full power and authority in said agents and attorney-in-fact, and in any one or more of them, to sign for the undersigned, and in their respective names as officers and directors of the Company, a registration statement of the Company on Form S-8 to be filed with the Securities and Exchange Commission, Washington, D.C., under the Securities Act of 1933, as amended, and to any amendment or amendments to such registration statement, in the matter of shares offered under the McCormick & Company, Incorporated Deferred Compensation Plan, hereby ratifying and confirming all acts taken by such agents and attorney-in-fact, or any one or more of them, as herein authorized. Dated: December 20, 1999 _________________________________ Robert J. Lawless Chairman, President & Chief Executive Officer (Principal Executive Officer & Director) December 20, 1999 _________________________________ Francis A. Contino Executive Vice President & Chief Financial Officer (Principal Financial Officer & Director) December 20, 1999 _________________________________ J. Allan Anderson Vice President & Controller (Principal Accounting Officer) December 20, 1999 _________________________________ James T. Brady, Director
December 20, 1999 ______________________________ Robert G. Davey, Director December 20, 1999 ________________________________ Edward S. Dunn, Jr., Director December 20, 1999 _________________________________ Freeman A. Hrabowski, III, Director December 20, 1999 _________________________________ Carroll D. Nordhoff, Director December 20, 1999 _________________________________ Robert W. Schroeder, Director December 20, 1999 _________________________________ William E. Stevens, Director December 20, 1999 _________________________________ Karen D. Weatherholtz, Director