-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, crANDl4yNxoAdnxqzFCYkel4tcaPWqBs0Y42YABunD2IDQ7TFS4wGOgcB9g57Onn OLc1hLmKr9j5hdXNt9Kp7A== 0000950162-94-000062.txt : 19940207 0000950162-94-000062.hdr.sgml : 19940207 ACCESSION NUMBER: 0000950162-94-000062 CONFORMED SUBMISSION TYPE: S-4 POS PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19940204 19940204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL SIGNAL CORP CENTRAL INDEX KEY: 0000040834 STANDARD INDUSTRIAL CLASSIFICATION: 3561 IRS NUMBER: 160445660 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4 POS SEC ACT: 33 SEC FILE NUMBER: 033-50081 FILM NUMBER: 94504682 BUSINESS ADDRESS: STREET 1: ONE HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06904 BUSINESS PHONE: 2033578800 MAIL ADDRESS: STREET 1: P O BOX 10010 CITY: STAMFORD STATE: CT ZIP: 06904 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL RAILWAY SIGNAL CO DATE OF NAME CHANGE: 19710926 S-4 POS 1 POST-EFFECTIVE AMENDMENT NO. 2 As filed with the Securities and Exchange Commission on February 4, 1994 Registration No. 33-50081 ___________________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________ POST-EFFECTIVE AMENDMENT NO. 2 to FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 on FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________ GENERAL SIGNAL CORPORATION (Exact name of Registrant as specified in its charter) NEW YORK 16-0445660 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) HIGH RIDGE PARK STAMFORD, CONNECTICUT 06904 (203) 357-8800 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices) _________________________ EDGAR J. SMITH, JR. GENERAL SIGNAL CORPORATION HIGH RIDGE PARK STAMFORD, CONNECTICUT 06904 (203) 357-8800 (Name, address, including zip code, and telephone number, including area code, of agent for service) _________________________ Copy to: W. LESLIE DUFFY, ESQUIRE WILLIAM B. GANNETT, ESQUIRE CAHILL GORDON & REINDEL 80 PINE STREET NEW YORK, NEW YORK 10005 (212) 701-3000 APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: From time to time as determined by the Selling Stockholders. _________________________ If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestments plans, check the following box. /__/ _________________________ If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. /x_/ The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Regis- trant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration State- ment shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. EXPLANATORY NOTE NOT FORMING PART OF PROSPECTUS This Post-Effective Amendment to General Signal Corporation's (the "Company's") Registration Statement on Form S-4 (No. 33-50081) is being filed for the purpose of converting such Registration Statement to a Registration Statement on Form S-3 for the shares (the "Shares") of common stock, par value $1.00 per share, of the Company issued to certain stock- holders (the "Stockholders") of Revco Scientific, Inc. ("Revco"), without registration under the Securities Act of 1933, as amended (the "Act"), in connection with the merger (the "Merger") of GSRSI, Inc., a wholly owned subsidiary of the Company, with and into Revco. The Company is filing this Registration Statement on Form S-3 in accordance with a Registration Rights Agreement dated October 15, 1993, between the Company and the Stockholders pursuant to which the Company has agreed to maintain the effectiveness of a Registration Statement on Form S-3 for two years after the effective time of the Merger to cover the offer and sale of the Shares. After such two- year period, the Stockholders may not resell the Shares without separate registration under the Act, compliance with Rule 144 promulgated under the Act, or reliance upon some other exemption under the Act in a manner speci- fied in a written opinion of counsel satisfactory to the Company to the effect that the proposed disposition will not be in violation of any of the provisions of the Act, specifying such exemption. All material that follows is new material. Prospectus 1,640,164 Shares GENERAL SIGNAL CORPORATION Common Stock The shares (the "Shares") of common stock, par value $1.00 per share (the "Common Stock"), being offered hereby are being sold for the accounts of seven stockholders (the "Selling Stockholders") of General Signal Corporation ("General Signal" or the "Company"). The Shares were issued to the Selling Stockholders, without registration under the Securities Act of 1933, as amended (the "Act"), in exchange for shares of common stock, par value $.01 per share, of Revco Scientific, Inc. ("Revco") previously owned by such persons in connection with the merger (the "Merger") of GSRSI, Inc., a wholly owned sub- sidiary of the Company, with and into Revco. General Signal will not receive any of the proceeds from the sale of the Shares. The last sale price of the Common Stock as reported on the New York Stock Exchange on February 3, 1994 was $36 1/2 per share. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Each Selling Stockholder will, from time to time, offer for sale and sell or distribute the Shares to be offered by him hereby (a) in regular way brokerage transactions on the New York Stock Exchange or the Pacific Stock Exchange or in exchange distributions through the facilities of said exchanges, (b) in negotiated transactions, (c) through one or more underwriters, dealers or agents, or (d) through other means; sales on or through the facilities of the New York Stock Exchange or the Pacific Stock Exchange or in negotiated trans- actions will be effected at such prices as may be obtainable and as may be satisfactory to such Selling Stockholder; and no sales or distributions other than as disclosed herein will be effected until after this Prospectus shall have been appropri- ately amended or supplemented, if required, to set forth the terms thereof. In certain cases the Selling Stockholders, underwriters that participate in the distribution of the Shares, brokers executing sales orders on behalf of the Selling Stockholders and dealers purchasing Shares from the Selling Stockholders for resale may be deemed to be "underwriters" as that term is defined in Section 2(11) of the Act. Normal com- mission expenses and brokerage fees are payable individually by the Selling Stockholders. Expenses of this offering, estimated at $50,000, will be paid by General Signal. The date of this Prospectus is February 4, 1994. -2- AVAILABLE INFORMATION The Company is subject to the informational require- ments of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and in accordance therewith files reports and other information with the Commission relating to its business, financial position, results of operations and other matters. Such reports and other information can be inspected and copied at the Public Reference Section maintained by the Commission at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549 and at its Regional Offices located at Northwestern Atrium Cen- ter, 500 West Madison Street, Chicago, Illinois 60661, and 7 World Trade Center, 15th Floor, New York, New York 10048. Cop- ies of such material can also be obtained from the Public Ref- erence Section of the Commission at 450 Fifth Street, N.W., Washington, D.C. 20549, at prescribed rates. The Common Stock is listed on the New York Stock Exchange and the Pacific Stock Exchange and such material can also be inspected at the offices of such exchanges. The offices of such exchanges are: the New York Stock Exchange, 20 Broad Street, New York, New York 10005 and the Pacific Stock Exchange, 115 Sansome Street, Suite 1104, San Francisco, California 94104. The Company has filed with the Commission a registra- tion statement (the "Registration Statement") under the Securi- ties Act with respect to the Shares offered hereby. This Pro- spectus does not contain all the information set forth in the Registration Statement, certain parts of which are omitted in accordance with the rules and regulations of the Commission. Reference is made to the Registration Statement and to the exhibits relating thereto for further information with respect to the Company and the Shares offered hereby. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE The Company hereby incorporates by reference herein its (i) Annual Report on Form 10-K for the fiscal year ended December 31, 1992, (ii) Quarterly Report on Form 10-Q for the quarter ended March 31, 1993, (iii) Quarterly Report on Form 10-Q for the quarter ended June 30, 1993, (iv) Quarterly Report on Form 10-Q for the quarter ended September 30, 1993, (v) report on Form 8-K dated February 4, 1994, (vi) report on Form 8-K dated February 2, 1993, (vii) report on Form 8-K dated March 7, 1986, and (viii) report on Form 8-K dated June 21, 1990, previously filed with the Commission under File No. 1-996. 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 Prospectus and before the termination of the -3- offering of the Common Stock offered hereby shall be deemed incorporated herein by reference, and such documents shall be deemed to be a part hereof from the date of filing such docu- ments. Any statement contained herein or in a document incor- porated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Prospectus to the extent that a statement contained herein or in any other subsequently filed document which 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 super- seded, to constitute a part of this Prospectus. The Company will provide without charge to each per- son to whom this Prospectus is delivered, on the written or oral request of any such person, a copy of any or all of the above documents incorporated herein by reference (other than exhibits to such documents, unless such exhibits are specifi- cally incorporated by reference into the documents that this Prospectus incorporates). Written or oral requests should be directed to General Signal Corporation, High Ridge Park, Box 10010, Stamford, Connecticut 06904, Attention: Vice Presi- dent, General Counsel and Secretary (telephone (203) 357-8800). THE COMPANY The Company, incorporated in New York in 1904, designs, manufactures and sells equipment and instruments for the process control, electrical, automotive, mass transporta- tion and telecommunications industries. The Company serves these markets through three product sectors: (1) Process Con- trols, (2) Electrical Controls, and (3) Industrial Technology. USE OF PROCEEDS The Company will not receive any proceeds from the sale of the Shares. -4- SELLING STOCKHOLDERS The Shares being offered hereby are owned of record ben- eficially by seven stockholders of the Company who acquired their interests by virtue of the Merger. The following table sets forth the number of shares of Common Stock owned by each of the Selling Stockholders, the number of shares offered hereby and the number of shares to be owned if all of the shares offered hereby are sold.
Number of Shares to be Owned Shares if all of the Number of Offered Shares Offered Names and Address Shares Owned Hereby Hereby are Sold Daniel B. Dawley(1)(2) 491,183(3) 491,183(3) 0 28 Peach Knob Asheville, NC 28804 Martha Driver Associates 37,487 37,487 0 Inc. Profit Sharing Trust(2) 100 West 57th Street New York, NY 10009 Martha M. Driver and 99,958 99,958 0 Albert W. Driver, Co-Trustees 3/29/93 Martha M. Driver Trust Agreement(2) 100 West 57th Street New York, NY 10009 Richard L. Lasher(2)(4) 127,508(3) 127,508(3) 0 21 Robin Lane Weaverville, NC 28787 Glenn A. Walters(2)(5) 206,772(3) 206,772(3) 0 8 Alpine Court Asheville, NC 28805 -5- TCW Special Placement 657,642 657,642 0 Fund II(2) c/o Patrick F. Clearly Suite 2200 200 Park Avenue New York, NY 10166 TCW Capital(2) 19,614 19,614 0 c/o Patrick Cleary Suite 2200 200 Park Avenue New York, NY 10166 (1) Mr. Dawley is President of Revco Scientific, Inc., a sub- sidiary of the Company. Mr. Dawley was Chairman of the Board, Chief Executive Officer and President of Revco prior to the Merger. (2) Each of these persons was a director of Revco prior to the Merger. (3) Includes shares held in an Individual Retirement Account, First Union National Bank of North Carolina, as custodian. (4) Mr. Lasher is Vice President-Sales of Revco Scientific, Inc., a subsidiary of the Company. Mr. Lasher was Vice President-Marketing of Revco prior to the Merger. (5) Mr. Walters was Vice President-Finance of Revco prior to the Merger.
-6- DESCRIPTION OF CAPITAL STOCK The authorized capital stock of the Company consists of 75,000,000 shares of Common Stock, and 10,000,000 shares of preferred stock, par value $1.00 per share (the "Preferred Stock"). The Board of Directors of the Company is empowered to cause shares of Preferred Stock to be issued in one or more series, with the number of shares in each series and the rights, preferences and limitations of each series determined by it. As of the date of this Prospectus, no shares of the Preferred Stock were outstanding. Subject to any limitations prescribed in connection with the issuance of any outstanding shares of Preferred Stock, dividends, as determined by the Board of Directors of the Com- pany, may be declared and paid on the Common Stock from time to time out of any funds legally available therefor. The holders of Common Stock are entitled to one vote per share and do not have cumulative voting rights or preemptive rights. The Common Stock is not subject to further calls and all of the outstand- ing shares of Common Stock are fully paid and non-assessable, except to the extent that under Section 630 of the New York Business Corporation Law, the ten largest stockholders of the Company, as determined by the fair value of their respective beneficial interests, may under certain circumstances be held personally liable for certain debts of the Company. On March 7, 1986, the Board of Directors declared a dividend distribution of one Common Stock Purchase Right (the "Right") for each share of Common Stock outstanding on March 21, 1986. Shares issued subsequent to March 21, 1986 automatically receive these Rights. A more detailed descrip- tion of the terms of the Company's Rights is contained in the March 7, 1986 Form 8-K and the June 21, 1990 Form 8-K, both of which are incorporated herein by reference. The Board of Directors of the Company is divided into three classes having staggered three-year terms, so that the terms of approximately one-third of the directors will expire each year. The Company's Restated Certificate of Incorporation requires the affirmative vote of two-thirds of all outstanding shares entitled to vote to remove directors or to adopt, amend or repeal any By-law, or any provision of the Restated Certifi- cate of Incorporation, relating to (i) the number classifica- tion and terms of office of directors, (ii) the quorum of directors required for the transaction of business, (iii) the filing of newly created directorships and vacancies occurring in the Board of Directors, (iv) the removal of directors, or -7- (v) the power of the Board of Directors to adopt, amend or repeal By-laws of the Company or the vote of the Board of Directors required for any such adoption, amendment or repeal. The Transfer Agent and Registrar for the Common Stock is The Bank of New York. PLAN OF DISTRIBUTION Each Selling Stockholder will, from time to time, offer for sale and sell or distribute the Shares to be offered by him hereby (a) in regular way brokerage transactions on the New York Stock Exchange or the Pacific Stock Exchange or in exchange distributions through the facilities of said exchanges, (b) in negotiated transactions, (c) through one or more underwriters, dealers or agents, or (d) through other means; sales on or through the facilities of the New York Stock Exchange or the Pacific Stock Exchange or in negotiated trans- actions will be effected at such prices as may be obtainable and as may be satisfactory to such Selling Stockholder; and no sales or distributions other than as disclosed herein will be effected until after this Prospectus shall have been appropri- ately amended or supplemented, if required, to set forth the terms thereof. In certain cases the Selling Stockholders, underwriters that participate in the distribution of the Shares, brokers executing sales orders on behalf of the Selling Stockholders and dealers purchasing Shares from the Selling Stockholders for resale may be deemed to be "underwriters" as that term is defined in Section 2(11) of the Act. Normal com- mission expenses and brokerage fees are payable individually by the Selling Stockholders. LEGAL MATTERS Certain legal matters in connection with the Common Stock being offered hereby will be passed upon for the Company by Cahill Gordon & Reindel (a partnership including a profes- sional corporation), New York, New York. EXPERTS The 1992 financial statements and schedules of Gen- eral Signal Corporation and consolidated subsidiaries appearing or incorporated by reference in General Signal Corporation's Annual Report (Form 10-K) for the year ended December 31, 1992 have been audited by Ernst & Young, independent auditors, as set forth in their report thereon included or incorporated by -8- reference therein and incorporated herein by reference. Such financial statements are incorporated herein in reliance upon such report given upon the authority of such firm as experts in accounting and auditing. The financial statements and schedules of General Signal Corporation and consolidated subsidiaries at December 31, 1991 and for each of the two years in the period ended December 31, 1991 appearing in General Signal Corporation's Annual Report (Form 10-K) for the year ended December 31, 1992 have been audited by KPMG Peat Marwick, independent auditors, as set forth in their report thereon included therein and incorporated herein by reference. Such financial statements are incorporated herein in reliance upon the report of KPMG Peat Marwick pertaining to such financial statements given upon the authority of such firm as experts in accounting and auditing. No dealer, salesperson or any other person has been authorized to give any information or to make any representations not contained in this Prospectus, and, if given or made, such information or represen- tations must not be relied upon as having been authorized by the Com- pany. This Prospectus does not 1,640,164 Shares constitute an offer to sell, or solicitation of an offer to buy, to any person in any jurisdiction where such an offer or solicitation would be unlawful. Neither the GENERAL SIGNAL delivery of this Prospectus nor CORPORATION any sale made hereunder shall, under any circumstances, create any implication that the information contained herein is correct as of any time subsequent to the date Common Stock hereof. PROSPECTUS TABLE OF CONTENTS Page Available Information......... 2 Incorporation of Certain Documents by Reference...... 2 The Company................... 3 Use of Proceeds............... 3 Selling Stockholders.......... 4 Description of Capital Stock....................... 6 Plan of Distribution.......... 7 Legal Matters................. 7 Experts....................... 7 PART II INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution. Securities and Exchange Commission Registra- tion Fee ....................................... $ 3,740* Cost of Printing ................................. 3,500 Legal Services and Expenses (including Blue Sky fees and expenses) ......................... 38,000 Miscellaneous .................................... 4,760 Total ...................... $50,000 Other than the Securities and Exchange Commission Regis- tration Fee, all amounts set forth above are estimates.
Item 15. Indemnification of Directors and Officers. Article V, Section 1, Paragraph 1 of the By-Laws of the Company reads as follows: "SECTION 1: Except to the extent expressly prohibited by the New York Business Corporation Law, the Corporation shall indemnify each person made or threatened to be made a party to any action or proceeding, whether civil or criminal, and whether by or in the right of the Corporation or otherwise, by reason of the fact that such per- son or such person's testator or intestate is or was a director or officer of the Corporation, or serves or served at the request of the Corporation or any other corporation, partnership, joint ven- ture, trust, employee benefit plan or other enter- prise in any capacity while he or she was such a director or officer (hereinafter referred to as 'Indemnified Person'), against judgments, fines, penalties, amounts paid in settlement and reason- able expenses, including attorneys' fees, incurred in connection with such action or proceeding, or any appeal therein, provided that no such _________________________ * This amount was included as payment pursuant to Rule 457 of the Securities Act of 1933, as amended, in connection with the filing of the Company's Registration Statement on Form S-4 (No. 33-50081). II-1 indemnification shall be made if a judgment or other final adjudication adverse to such Indem- nified Person establishes that either (a) his or her acts were committed in bad faith, or were the result of active and deliberate dishonesty, and were material to the cause of action so adjudi- cated, or (b) that he or she personally gained in fact a financial profit or other advantage towhich he or she was not legally entitled." The Company also has entered into individual con- tracts with its directors, Chief Financial Officer and General Counsel providing for indemnification similar to the indemnifi- cation provisions in the Company's By-Laws. A copy of the Com- pany's By-Laws has been filed with the Securities and Exchange Commission as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1986. Sections 721 through 726 of the New York Business Corporation Law ("BCL") contain provisions for indemnification by the Company, under certain circumstances, of officers and directors of the Company for certain liabilities which may be incurred by them in their capacities as such. The Company has purchased insurance to indemnify the Company and all of its directors, officers and certain other employees who hold management positions in the Company and its operating divisions and subsidiaries for those liabilities in respect of which such indemnification insurance is permitted under the laws of the State of New York. Limitation on Directors' Liability. The Company's Restated Certificate of Incorporation includes a provision eliminating directors' liability to the Company and stockhold- ers of the Company in certain circumstances authorized by New York law. This provision, which is authorized by Section 402(b) of the BCL, provides that a director shall not be personally liable to the Company or its stockholders for monetary damages for breach of duty as a director unless the director's acts or omissions (a) were in bad faith, (b) involved intentional misconduct or a knowing violation of law, (c) resulted in the director deriving an improper personal benefit, or (d) resulted in the paying of a dividend, the approval of a stock repurchase, the distribution of corporate assets upon dissolution, or the making of a loan to a director in violation of Section 718 of the BCL. II-2 Item 16. Exhibits Exhibit No. Description 4* Registration Rights Agreement dated October 15, 1993, between the Registrant and the parties named on the signature pages thereto. 5* Opinion of Cahill Gordon & Reindel regarding the legality of the securities being registered. 23.1 Consent of Ernst & Young. 23.2 Consent of KPMG Peat Marwick. 23.3* Consent of Cahill Gordon & Reindel (included in Exhibit 5). 24* Powers of Attorney. _____________________ * Previously filed. Item 17. 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 registation 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. II-3 (b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Secu- rities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Secu- rities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new reg- istration 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. (h) Insofar as indemnification for liabilities aris- ing under the Securities Act of 1933 may be permitted to direc- tors, officers and controlling persons of the registrant pursu- ant 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 pol- icy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such lia- bilities (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 con- trolling person in connection with the securities being regis- tered, the registrant will, unless in the opinion of its coun- sel the matter has been settled by controlling precedent, sub- mit 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 adjudi- cation of such issue. II-4 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-3 and has duly caused this Registration Statement or amendment thereto to be signed on its behalf by the undersigned thereunto duly authorized, in the City of Stamford, State of Connecticut, on the 4th day of February, 1994. GENERAL SIGNAL CORPORATION By:/s/ Edgar J. Smith, Jr. Edgar J. Smith, Jr. Vice President, General Counsel and Secretary Powers of Attorney Pursuant to the requirements of the Securities Act of 1933, this Registration Statement or amendement thereto has been signed by the following persons in the capacities and on the dates indicated.
SIGNATURE TITLE DATE * (Edmund M. Carpenter) Chairman and Chief February 4, 1994 Executive Officer and Director (principal Executive Officer) * (Stephen W. Nagy) Senior Vice Presi- February 4, 1994 dent-Finance and Chief Financial Officer (Principal Financial and Accounting Officer) * (Terry J. Mortimer) Vice President and February 4, 1994 Controller (Principal Accounting Officer) * (Ralph E. Bailey) Director February 4, 1994 II-5 * (Van C. Campbell) Director February 4, 1994 * (Ronald E. Ferguson) Director February 4, 1994 * (John P. Horgan) Director February 4, 1994 * (C. Robert Kidder) Director February 4, 1994 * (Richard J. Kogan) Director February 4, 1994 * (Nathan R. Owen) Director February 4, 1994 * (Roland W. Schmitt) Director February 4, 1994 * (John R. Selby) Director February 4, 1994 *By: /s/ Edgar J. Smith, Jr. (Edgar J. Smith, Jr.)
II-6 Exhibit Index Exhibit No. Description 23.1 Consent of Ernst & Young 23.2 Consent of KPMG Peat Marwick EX-23.1 2 CONSENT OF INDEPENDENT AUDITORS EXHIBIT 23.1 Consent of Independent Auditors We consent to the reference to our firm under the captions "Experts" in the Registration Statement (Post-Effective Amend- ment No. 2 to Form S-4 on Form S-3, No. 33-50081) and related Prospectus of General Signal Corporation for the registration of its common stock and to the inclusion herein of our reports dated January 29, 1993, with respect to the 1992 financial statements and financial statement schedules of General Signal Corporation and consolidated subsidiaries. Ernst & Young Stamford, Connecticut February 4, 1994 EX-23.2 3 CONSENT OF INDEPENDENT ACCOUNTANTS EXHIBIT 23.2 Consent of Independent Accountants The Board of Directors General Signal Corporation We consent to incorporation by reference in the Registration Statement on Form S-3 of General Signal Corporation of our report dated January 24, 1992, relating to the consolidated financial statements and the related financial statement sched- ules at December 31, 1991 and for the two years then ended. KPMG - Peat Marwick Stamford, Connecticut February 4, 1994 -----END PRIVACY-ENHANCED MESSAGE-----