-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q9kpfJzRhG1EJY+Mh1k1rH01Eplr4WLymdpmCY+XdYCWjroN5M+tQD3B75qLEmFm vuvxgPOoezkqcY4yRetIEQ== 0000062709-03-000114.txt : 20030721 0000062709-03-000114.hdr.sgml : 20030721 20030721144005 ACCESSION NUMBER: 0000062709-03-000114 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030721 EFFECTIVENESS DATE: 20030721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARSH & MCLENNAN COMPANIES INC CENTRAL INDEX KEY: 0000062709 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 362668272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-107195 FILM NUMBER: 03794416 BUSINESS ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2123455000 MAIL ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: MARLENNAN CORP DATE OF NAME CHANGE: 19760505 S-8 1 july03s-8.txt SPP FOR INTERNATIONAL EMPLOYEES As filed with the Securities and Exchange Commission on July 21, 2003
Registration No. 333-______ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ MARSH & McLENNAN COMPANIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2668272 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 1166 Avenue of the Americas New York, New York 10036-2774 (212) 345-5000 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Marsh & McLennan Companies Stock Purchase Plan for International Employees (Full Title of the Plan) William L. Rosoff, Esq. Marsh & McLennan Companies, Inc. 1166 Avenue of the Americas New York, New York 10036-2774 (212) 345-5000 (Name, Address, Including Zip code, and Telephone Number, Including Area Code, of Agent for Service) ________________________ CALCULATION OF REGISTRATION FEE ======================================== ================= =============== =================== =================== Proposed Maximum Proposed Amount Offering Price Maximum Title of Securities to be Per Share(2) Aggregate Amount of to be Registered Registered(1) Offering Price(2) Registration Fee - ---------------------------------------- ----------------- --------------- ------------------- ------------------- - ---------------------------------------- ----------------- --------------- ------------------- ------------------- Common Stock, $1.00 par value, of 5,000,000 $52.44 $262,200,000 $21,212 Marsh & McLennan Companies, Inc., including the Preferred Stock Purchase Rights attached thereto(3) ======================================== ================= =============== =================== =================== (1) Represents 5,000,000 additional shares of common stock, par value $1.00 per share ("Common Stock") of Marsh & McLennan Companies, Inc. (the "Company") reserved for issuance under the Company's Stock Purchase Plan for International Employees, as amended (the "Plan"). In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended, (the "Securities Act"), this Registration Statement also covers an indeterminate number of shares of Common Stock and Preferred Stock Purchase Rights attached thereto which become issuable to prevent dilution from any future stock split, stock dividend or similar transaction to be offered or sold pursuant to the Plan. (2) Estimated for the sole purpose of computing the registration fee. Calculated pursuant to Rule 457(c) based on the average of the high and low prices for the Common Stock on the New York Stock Exchange on July 15, 2003. (3) The Preferred Stock Purchase Rights initially are attached to and trade with all the shares of Common Stock outstanding as of, and issued subsequent to, September 29, 1997, pursuant to the terms of the Company's Amended and Restated Rights Agreement, dated as of January 20, 2000, as amended on June 7, 2002. Until the occurrence of certain prescribed events, the Preferred Stock Purchase Rights are not exercisable, are evidenced by the certificates for the Common Stock and will be transferred only with the Common Stock. The value attributable to such Preferred Stock Purchase Rights, if any, is reflected in the market price of the Common Stock. Registration of Additional Securities ------------------------------------- The Company has adopted the Plan and previously registered 500,000 shares of Common Stock to be offered or sold to participants under the Plan pursuant to a Registration Statement on Form S-8 (File No. 33-63389). Pursuant to Rule 416 of the Securities Act, the number of shares registered under such registration statement increased from 500,000 to 1,000,000, from 1,000,000 to 1,500,000, and from 1,500,000 to 3,000,000 as a result of a two-for-one stock split effected by the Company on June 27, 1997, a three-for-two stock split effected by the Company on June 26, 1998 and a two-for-one stock split effected by the Company on June 28, 2002, respectively. This Registration Statement is being filed pursuant to General Instruction E to Form S-8 (Registration of Additional Securities) in order to register an additional 5,000,000 shares of Common Stock which may be offered or sold to participants under the Plan. Part II Item 3. Incorporation of Documents by Reference --------------------------------------- The contents of the Registration Statement on Form S-8 (File No. 33-63389) with respect to 500,000 shares of Common Stock to be offered or sold under the Plan are incorporated by reference herein, including the following of the Company's filings with the Securities and Exchange Commission under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended: 1 o The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2002; o The Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2003; o The Company's Registration Statement on Form 8-B dated May 22, 1969, as amended by an Amendment on Form 8, dated February 3, 1987, describing the Common Stock, including any amendment or reports filed for the purpose of updating such description; o The Company's Registration Statement on Form 8-A/A Amendment No. 1, dated January 26, 2000, describing the Preferred Stock Purchase Rights attached to the Common Stock, as amended by the Company's Registration Statement on Form 8-A/A Amendment No. 2, dated June 20, 2002, and any further amendment or reports filed for the purpose of updating such description; and o All documents subsequently filed by the Company pursuant to Sections 13, 14 and 15(d) of the Securities Exchange Act of 1934, as amended, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold. 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 other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Item 5. Interests of Named Experts and Counsel -------------------------------------- The legality of the shares of the Company's Common Stock offered hereby has been passed upon by William L. Rosoff, Senior Vice President and General Counsel of the Company. As of July 16, 2003, Mr. Rosoff held 144,454 shares of Common Stock of the Company (directly or indirectly as restricted stock and restricted stock units) and 460,000 options to purchase shares of Common Stock of the Company. Item 6. Indemnification of Directors and Officers ----------------------------------------- Section 145 of the Delaware General Corporation Law provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person being 2 or having been a director, officer, employee or agent to Marsh & McLennan Companies, Inc. The Delaware General Corporation Law provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise. Article VI, Section 1 of Marsh & McLennan Companies, Inc.'s by-laws provides for indemnification by Marsh & McLennan Companies, Inc. of its directors, officers and employees to the fullest extent permitted by the Delaware General Corporation Law. Section 102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability for any breach of the director's duty of loyalty to the corporation or its stockholders, for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, for unlawful payments of dividends or unlawful stock repurchases, redemptions or other distributions, or for any transaction from which the director derived an improper personal benefit. Marsh & McLennan Companies, Inc.'s restated certificate of incorporation provides for such limitation of liability. Marsh & McLennan Companies, Inc. maintains standard policies of insurance under which coverage is provided to its directors and officers against loss rising from claims made by reason of breach of duty, misstatement, error or omission committed in their capacity as directors or officers of Marsh & McLennan Companies, Inc. Such policies of insurance also provide coverage to Marsh & McLennan Companies, Inc. with respect to payments which may be made by Marsh & McLennan Companies, Inc. to such officers and directors pursuant to the above indemnification provision or otherwise as a matter of law. 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 the 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 the 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 percent change in the maximum aggregate offering 3 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) do not apply if the registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 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 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 the 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. 4 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, Marsh & McLennan Companies, Inc. 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 New York, State of New York, on this 21st day of July, 2003. MARSH & McLENNAN COMPANIES, INC. By: /s/ Jeffrey W. Greenberg ----------------------------- Jeffrey W. Greenberg Chairman of the Board and Chief Executive Officer SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated this 21st day of July, 2003. /s/ Jeffrey W. Greenberg Mathis Cabiallavetta* - ------------------------------------------- ------------------------------------------- Jeffrey W. Greenberg Mathis Cabiallavetta Director, Chairman of the Board and Chief Director Executive Officer /s/ Sandra S. Wijnberg Peter Coster* - ------------------------------------------- ------------------------------------------- Sandra S. Wijnberg Peter Coster Senior Vice President and Director Chief Financial Officer /s/ Robert J. Rapport Charles A. Davis* - ------------------------------------------- ------------------------------------------- Robert J. Rapport Charles A. Davis Vice President and Controller Director (Chief Accounting Officer) Lewis W. Bernard * Robert F. Erburu* - ------------------------------------------- ------------------------------------------- Lewis W. Bernard Robert F. Erburu Director Director Oscar Fanjul* Lawrence J. Lasser* - ------------------------------------------- ------------------------------------------- Oscar Fanjul Lawrence J. Lasser Director Director Ray J. Groves* David A. Olsen* - ------------------------------------------- ------------------------------------------- Ray J. Groves David A. Olsen Director Director Stephen R. Hardis* Morton O. Schapiro* - ------------------------------------------- ------------------------------------------- Stephen R. Hardis Morton O. Schapiro Director Director Gwendolyn S. King* Adele Simmons* - ------------------------------------------- ------------------------------------------- Gwendolyn S. King Adele Simmons Director Director The Rt. Hon. Lord Lang of Monkton, DL* A.J.C. Smith* - ------------------------------------------- ------------------------------------------- The Rt. Hon. Lord Lang of Monkton, DL A.J.C. Smith Director Director _____________________ * William L. Rosoff, pursuant to Powers of Attorney executed by each of the individuals whose name is followed by an (*) and filed herewith, by signing his name hereto does hereby sign and execute this Form S-8 of Marsh & McLennan Companies, Inc. on behalf of such individual in the capacities in which the names of each appear above. /s/ William L. Rosoff --------------------------------------------------- William L. Rosoff EXHIBIT INDEX Exhibit Number Description of Exhibit - ------ ---------------------- 5 Opinion of William L. Rosoff, Esq. regarding the legality of the Common Stock being registered. 23.1 Consent of William L. Rosoff, Esq. (included in Exhibit 5) 23.2 Consent of Deloitte & Touche LLP 24 Powers of Attorney (incorporated by reference to the Company's Annual Report on Form 10-K for the year ended December 31, 2002)
EX-5 2 july03s-8exh5.txt COMMON STOCK BEING REGISTERED
EXHIBIT 5 July 21, 2003 Marsh & McLennan Companies, Inc. 1166 Avenue of the Americas New York, New York 10036 Ladies and Gentlemen: I am General Counsel and Senior Vice President of Marsh & McLennan Companies, Inc., a Delaware corporation (the "Company"). I have acted as counsel to the Company in connection with the preparation and filing of a Registration Statement on Form S-8 (the "Registration Statement") under the Securities Act of 1933, as amended, (the "Securities Act") for the registration of 5,000,000 shares of common stock, par value $1.00 per share, including preferred stock purchase rights (the "Shares"), of the Company relating to the Marsh & McLennan Companies Stock Purchase Plan for International Employees (the "Plan"). In connection with the foregoing, I or attorneys under my supervision have examined the minute books and stock records of the Company, the Restated Certificate of Incorporation and By-Laws of the Company, the Registration Statement, the Plan and resolutions duly adopted by the Board of Directors of the Company relating to the Plan. In addition, I, or attorneys under my supervision, have reviewed such other documents and instruments and have conferred with various officers and directors of the Company and have ascertained or verified such additional facts as deemed necessary or appropriate for the purposes of this opinion. In this examination I, or attorneys under my supervision, have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted as originals, the conformity to original documents of all documents submitted as certified, photostatic or facsimile copies and the authenticity of the originals of such latter documents. Based upon the foregoing I am of the opinion that the Shares to be issued under the Plan have been duly authorized and, when issued and delivered in accordance with the terms of the Plan, will be legally issued, fully paid and nonassessable. My opinion is limited to matters governed by the laws of the State of New York and the General Corporation Law of the State of Delaware. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, I do not hereby admit that I come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder. Very truly yours, /s/ William L. Rosoff ----------------------------- William L. Rosoff Senior Vice President and General Counsel
EX-23 3 july03s-8exh23.txt CONSENT OF DELOITTE & TOUCHE LLP
EXHIBIT 23.2 INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in this Registration Statement of Marsh & McLennan Companies, Inc. on Form S-8 of our report dated February 28, 2003 (which expresses an unqualified opinion and includes an explanatory paragraph relating to the adoption of Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets), appearing in the Annual Report on Form 10-K of Marsh & McLennan Companies, Inc. for the year ended December 31, 2002. DELOITTE & TOUCHE LLP New York, New York July 17, 2003
-----END PRIVACY-ENHANCED MESSAGE-----