S-8 1 brunswicks-8may2014.htm FORM S-8 BrunswickS-8April2014


As filed with the Securities and Exchange Commission on May 9, 2014
        
Registration No. 333-


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________

Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
_______________
 

BRUNSWICK CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
 
36-0848180
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)

1 N. Field Court, Lake Forest, Illinois 60045-4811
 
(Address of principal executive offices, including zip code)


Brunswick Corporation 2014 Stock Incentive Plan
(Full title of the plan)

William L. Metzger
Senior Vice President and Chief Financial Officer
1 N. Field Court
Lake Forest, Illinois 60045-4811

(Name and address of agent for service)

(847) 735-4700
(Telephone number, including area code, of agent for service)


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.
Large accelerated filer [X]
Accelerated filer [ ]

Non-accelerated filer [ ]
(Do not check if a smaller reporting company)
Smaller reporting company [ ]







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, par value $0.75 per share
 
 
 
5,000,000 (1)
 
 
 
$
39.56 (2)
 
 
 
$
197,800,000 (2)
 
 
 
$
25,476.64
 
 
 
 
 
 
 
(1)
 
Pursuant to Rule 416 of the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall also cover any additional shares of Common Stock of Brunswick Corporation (the “Company” or “Registrant”) that become issuable under the Brunswick Corporation 2014 Stock Incentive Plan (the “Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected which results in an increase in the number of the Company’s outstanding shares of Common Stock issuable pursuant to awards granted under the Plan.
 
 
 
(2)
 
Estimated solely for the purpose of computing the registration fee pursuant to Rules 457(c) and (h) on the basis of the average of the high and low sales prices of the Common Stock on the New York Stock Exchange on May 8, 2014.






PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
 
The document(s) containing the information specified in Part I will be sent or given to the participants in the Plan listed on the cover page of this Registration Statement as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the Securities and Exchange Commission (the “Commission”) and the instructions to Form S-8, such documents are not being filed as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II hereof), taken together, a prospectus that meets the requirements of Section 10(a) of the Securities Act.

PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

          The following documents heretofore filed with the Commission (Commission file number 1-01043) by the Company are incorporated herein by reference:

 
 
The Company’s Annual Report on Form 10-K for the year ended December 31, 2013;
 
 
The description of the Company’s Common Stock, contained on page 17 of the Prospectus filed with the Company’s Registration Statement No. 333-152620 filed with the Commission on August 13, 2008, including any amendment or report filed with the Commission for the purpose of updating such description;
 
 
 
 
 
 
All other reports filed by the registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than information contained in Current Reports on Form 8-K that is deemed furnished and not filed), since the end of the fiscal year covered by the annual report on Form 10-K referred to above; and
          
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange 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, are deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the respective dates of filing of such documents (such documents, and the documents enumerated above, being hereinafter referred to as “Incorporated Documents”).
          
Any statement contained in an Incorporated Document 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 other subsequently filed Incorporated Document 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.

Delaware Law on Indemnification
Section 145 of the Delaware General Corporation law (the “DGCL”) allows us to indemnify directors and officers as well as other employees against expenses (including attorneys’ fees), judgments, fines, and settlement amounts for certain actions or proceedings (other than a “derivative” action by or on behalf of the Company) if they acted in good faith and in the best interests of the Company. If the matter is a criminal proceeding, indemnification would only occur if the individual had no reasonable cause to believe their conduct was unlawful.
A similar standard applies to derivative actions, except that indemnification only extends to expenses (including attorneys’ fees) incurred in connection with defense or settlement of an action. If the individual has been found liable to the Company, indemnification requires court approval.
Company By-Laws and Certificate of Incorporation
Article VI of the Company’s By-Laws authorizes its Board of Directors to indemnify to the fullest extent that is lawful, any person who is or was a director or officer of the Company or serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture or trust. The Company’s By-Laws also authorize it to purchase liability insurance on behalf of its directors, officers, employees and agents and to enter into indemnity agreements with its directors, officers, employees and agents. As permitted by Section 102(b)(7) of the DGCL, the Company’s Certificate of Incorporation authorizes its Board of Directors to indemnify the Company’s directors, officers, employees or agents to the fullest extent permitted by law.
Other Indemnification
The Company has entered into indemnification agreements with its directors and its officers which provide broader indemnification than the indemnification specifically available under Section 145 of the Delaware General Corporation Law. The agreements provide that the Company will indemnify its directors and its officers to the fullest extent permitted by its Certificate of Incorporation (and that is otherwise lawful) against expenses (including attorneys’





fees), judgments, fines, taxes, penalties and settlement payments incurred by reason of the fact that they were directors or officers of the Company. Unlike Section 145 of the Delaware General Corporation Law, this indemnification would, to the extent that it is lawful, cover judgments, fines and amounts paid in settlement of claims against the director or officer by or in the right of the Company.
The Company owns an insurance policy which covers it for losses incurred pursuant to indemnification obligations set forth above during any policy year, subject to specified exclusions, terms and conditions. This policy also covers the Company’s officers and directors for certain of such losses if they are not indemnified by the Company.
The Company also owns an insurance policy which would reimburse it for certain losses incurred by it pursuant to its fiduciary obligations under the Employee Retirement Income Security Act of 1974 (“ERISA”), subject to specified exclusions, terms and conditions. This policy also covers the Company’s officers, directors and employees for certain of their losses incurred as fiduciaries under ERISA, subject to specified exclusions, terms and conditions.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.
 
 
 
Exhibits
 
Description
4.1
 
The Restated Certificate of Incorporation of the Company is hereby incorporated by reference to Exhibit 19.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 1987.
4.2

 
The By-Laws of the Company, are hereby incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K as filed with the Commission on February 4, 2010.
4.3
 
Brunswick Corporation 2014 Stock Incentive Plan (filed as an appendix to the Definitive Proxy Statement on Schedule 14A with the Commission on March 27, 2014 and incorporated herein by reference.)
5.1*
 
Opinion of Sidley Austin LLP as to the legality of the securities being registered.
23.1*
 
Consent of Ernst & Young LLP.
23.2*
 
Consent of Sidley Austin LLP (included in the opinion filed as Exhibit 5.1).
24.1*



Power of Attorney authorizing certain persons to sign this Registration Statement on behalf of certain directors of the Company. 
*Filed herewith.







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;
 (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. 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% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
(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 (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 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) 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 Securities Act of 1933, each filing of the Registrant’s annual report pursuant to





Section 13(a) or 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 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 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 question 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

          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 the City of Lake Forest, State of Illinois, on May 9, 2014.
 
 
 
 
 
 
BRUNSWICK CORPORATION 
 
 
(Registrant)
 
 
By:
/s/ WILLIAM L. METZGER
 
 
 
Name:
William L. Metzger
 
 
 
Title:
Senior Vice President and Chief Financial Officer
 



Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on May 9, 2014.
 
 
 
(i)    Principal executive officer:
/s/ DUSTAN E. MCCOY    
Dustan E. McCoy
Chairman of the Board, Chief Executive Officer and Director
(ii)    Principal financial officer:
/s/ WILLIAM L. METZGER    
William L. Metzger
Senior Vice President and Chief Financial Officer
(iii)    Controller or principal accounting officer:
/s/ ALAN L. LOWE    
Alan L. Lowe
Vice President - Finance and Controller





(iv)    The Directors:
Nolan D. Archibald*
Nancy E. Cooper*
David C. Everitt*
Manuel A. Fernandez*
David V. Singer*
Ralph C. Stayer*
J. Steven Whisler*
Roger J. Wood*
Lawrence A. Zimmerman*

*By:    /s/ WILLIAM L. METZGER    
William L. Metzger, Attorney-in-Fact





EXHIBIT INDEX
          Exhibits listed below that have been previously filed with the SEC are incorporated herein by reference with the same effect as if filed with this Registration Statement.
 
 
 
Exhibits
 
Description
4.1
 
The Restated Certificate of Incorporation of the Company is hereby incorporated by reference to Exhibit 19.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 1987.
4.2

 
The By-Laws of the Company, are hereby incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K as filed with the Commission on February 4, 2010.
4.3
 
Brunswick Corporation 2014 Stock Incentive Plan (filed as an appendix to the Definitive Proxy Statement on Schedule 14A with the Commission on March 27, 2014 and incorporated herein by reference.)
5.1*
 
Opinion of Sidley Austin LLP as to the legality of the securities being registered.
23.1*
 
Consent of Ernst & Young LLP.
23.2*
 
Consent of Sidley Austin LLP (included in the opinion filed as Exhibit 5.1).
24.1*




Power of Attorney authorizing certain persons to sign this Registration Statement on behalf of certain directors of the Company. 
*Filed herewith.