As filed with the Securities and Exchange Commission on May 31, 2023
Registration No. 333-____________
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
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FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
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OLD NATIONAL BANCORP (Exact name of registrant as specified in its charter) |
Indiana (State or other jurisdiction of incorporation or organization) One Main Street Evansville, Indiana (Address of Principal Executive Offices) |
35-1539838 (I.R.S. Employer Identification No.) 47708 (Zip Code) |
OLD NATIONAL BANCORP AMENDED AND RESTATED
(Full title of the plan) | |
Nicholas J. Chulos Executive Vice President, Chief Legal Officer and Corporate Secretary Old National Bancorp One Main Street Evansville, Indiana 47708 (773) 765-7675 |
Annie J. Hills Associate Counsel Old National Bancorp One Main Street |
(Name, address and 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, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | þ | Accelerated filer | ¨ |
Non-accelerated filer | ¨ | Smaller reporting company | ¨ |
Emerging growth company | ¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨
EXPLANATORY NOTE
At the 2023 annual meeting of shareholders of Old National Bancorp (the “Company” or the “Registrant”), the Company’s shareholders approved a further amendment to the Old National Bancorp Amended and Restated Employee Stock Purchase Plan (the “Plan”), which encourages and facilitates the purchase of shares of the Company’s common stock by eligible employees by offering shares at a discount to the market price. The amendment approved by shareholders increased the number of shares of the Company’s common stock, no par value per share, which may be purchased under the Plan to 1,000,000 shares. This Registration Statement on Form S-8 relates to the 1,000,000 shares authorized for issuance under the Plan.
Pursuant to General Instruction E on Form S-8, the contents of the Registration Statement on Form S-8 with respect to the Plan (Registration No. 333-161395), filed with the Securities and Exchange Commission on August 17, 2009, including the information contained therein, are hereby incorporated by reference to this Registration Statement on Form S-8 (the “Registration Statement”), except that the provisions contained in Part II of such earlier registration statement are modified as set forth in this Registration Statement.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified in Item 1 and Item 2 of Part I of the Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of 1933 and the introductory note to Part I of the Registration Statement. The documents containing the information specified in Part I will be sent or given to the participants in the Plan covered by this Registration Statement as required by Rule 428(b)(1) under the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.
ITEM 4. DESCRIPTION OF SECURITIES
Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Registrant is an Indiana corporation. The Registrant’s directors and officers are and will be indemnified under Indiana law, the Fifth Amended and Restated Articles of Incorporation and the Amended and Restated By-laws of the Registrant against certain liabilities. Chapter 37 of the Indiana Business Corporation Law (the “IBCL”) requires a corporation, unless limited by its articles of incorporation, to indemnify a director or an officer of the corporation who is wholly successful, on the merits or otherwise, in the defense of any threatened, pending or completed proceeding, whether civil, criminal, administrative, or investigative and whether formal or informal, against reasonable expenses, including counsel fees, incurred in connection with the proceeding. The Registrant’s Fifth Amended and Restated Articles of Incorporation do not contain any provision limiting such indemnification.
The IBCL also permits a corporation to indemnify a director, officer, employee, or agent who is made a party to a proceeding because the person was a director, officer, employee, or agent of the corporation against liability incurred in the proceeding if (1) the individual’s conduct was in good faith, and (2) the individual reasonably believed (A) in the case of conduct in the individual’s official capacity with the corporation, that the conduct was in the corporation’s best interests, and (B) in all other cases, that the individual’s conduct was at least not opposed to the corporation’s best interests, and (3) in the case of a criminal proceeding, the individual either (A) had reasonable cause to believe the individual’s conduct was lawful, or (B) had no reasonable cause to believe the individual’s conduct was unlawful. The IBCL also permits a corporation to pay for or reimburse reasonable expenses incurred before the final disposition of the proceeding and permits a court of competent jurisdiction to order a corporation to indemnify a director or officer if the court determines that the person is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not the person met the standards for indemnification otherwise provided in the IBCL.
The Registrant’s Fifth Amended and Restated Articles of Incorporation require it to provide indemnification to its directors and officers to the fullest extent authorized by the IBCL and to pay for or reimburse reasonable expenses incurred before the final disposition of the proceeding as authorized by the IBCL. The Registrant’s Fifth Amended and Restated Articles of Incorporation also authorize it to maintain insurance at its expense to protect itself and any of its directors, officers, employees or agents or those of another corporation, partnership, joint venture, trust, or other entity against any expense, liability or loss, whether or not the Registrant would have the power to indemnify such person against such expense, liability or loss under the IBCL. The Registrant currently maintains directors and officers liability insurance. The Registrant’s By-laws contain indemnification provisions substantially to the same effect as set forth in the Registrant’s Fifth Amended and Restated Articles of Incorporation.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.
ITEM 8. EXHIBITS
ITEM 9. UNDERTAKINGS
Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.
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 Evansville, State of Indiana, on May 31, 2023.
OLD NATIONAL BANCORP | ||
By: | /s/ Nicholas J. Chulos | |
Name: | Nicholas J. Chulos | |
Title: |
Executive Vice President, Chief Legal Officer and Corporate Secretary |
Exhibit 5.1
Nicholas J. Chulos Executive Vice President, Chief Legal Officer and Corporate Secretary |
8750 West Bryn Mawr Avenue Suite 1300 Chicago, Illinois 60631 Direct Dial: 773.765.7499 Email: nick.chulos@oldnational.com |
May 31, 2023
Old National Bancorp
One Main Street
Evansville, IN 47708
Ladies and Gentlemen:
In connection with the registration under the Securities Act of 1933 (the “Act”) of 1,000,000 shares (the “Securities”) of common stock, without par value, of Old National Bancorp, an Indiana corporation (the “Company”), I, as your counsel, have examined such corporate records, certificates and other documents, and such questions of law, as I have considered necessary or appropriate for the purposes of this opinion. Upon the basis of such examination, it is my opinion that, when the registration statement relating to the Securities (the “Registration Statement”) has become effective under the Act, the terms of issuance of the Securities have been duly established in conformity with the Company’s articles of incorporation, and the Securities have been duly issued and sold as contemplated by the Registration Statement, the Securities will be validly issued, fully paid and nonassessable.
In rendering the foregoing opinion, I am not passing upon, and assume no responsibility for, any disclosure in the Registration Statement or any related prospectus or other offering material relating to the offer and sale of the Securities.
The foregoing opinion is limited to the Federal laws of the United States and the laws of the State of Indiana, and I am expressing no opinion as to the effect of the laws of any other jurisdiction.
I have relied as to certain factual matters on information obtained from public officials, officers of the Company and other sources believed by me to be responsible.
I hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, I do not thereby admit that I am in the category of persons whose consent is required under Section 7 of the Act.
Very truly yours, | |
/s/ Nicholas J. Chulos | |
Nicholas J. Chulos | |
Executive Vice President, | |
Chief Legal Officer and Corporate Secretary |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-8 of Old National Bancorp of our report dated February 22, 2023, with respect to the consolidated financial statements and effectiveness of internal control over financial reporting, appearing in the Annual Report on Form 10-K of Old National Bancorp for the year ended December 31, 2022.
/s/ Crowe LLP | |
Crowe LLP |
Louisville, Kentucky
May 31, 2023
EXHIBIT 24.1
POWER OF ATTORNEY
The directors and officers whose signatures appear below hereby constitute and appoint Nicholas J. Chulos, Executive Vice President, Chief Legal Officer and Corporate Secretary of Old National Bancorp (the “Registrant”) to act as their true and lawful attorney-in-fact, with full power to sign on their behalf individually and in each capacity stated below and to file the registration statement on Form S-8 and all amendments and post-effective amendments to such registration statement, making such changes in such registration statement as the Registrant deems necessary or appropriate, and generally to do all things in their names and in their capacities as directors and officers to enable the Registrant to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities indicated below on May 31, 2023.
NAME AND SIGNATURE |
TITLE |
|
/s/ James C. Ryan III James C. Ryan III |
Chief Executive Officer and Director (Principal Executive Officer) |
|
/s/ Brendon B. Falconer Brendon B. Falconer |
Chief Financial Officer (Principal Financial Officer) |
|
/s/ Angela L. Putnam Angela L. Putnam |
Chief Accounting Officer (Principal Accounting Officer) |
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/s/ Barbara A. Boigegrain Barbara A. Boigegrain |
Director | |
/s/ Thomas L. Brown Thomas L. Brown |
Director | |
/s/ Kathryn J. Hayley Kathryn J. Hayley |
Director | |
/s/ Peter J. Henseler Peter J. Henseler |
Director | |
/s/ Daniel S. Hermann Daniel S. Hermann |
Director | |
/s/ Ryan C. Kitchell Ryan C. Kitchell |
Director | |
/s/ Austin M. Ramirez Austin M. Ramirez |
Director | |
/s/ Ellen A. Rudnick Ellen A. Rudnick |
Director |
/s/ Thomas E. Salmon Thomas E. Salmon |
Director | |
/s/ Michael L. Scudder Michael L. Scudder |
Director | |
/s/ Rebecca S. Skillman Rebecca S. Skillman |
Director | |
/s/ Michael J. Small Michael J. Small |
Director | |
/s/ Derrick J. Stewart Derrick J. Stewart |
Director | |
/s/ Stephen C. Van Arsdell Stephen C. Van Arsdell |
Director | |
/s/ Katherine E. White Katherine E. White |
Director |
Exhibit 107
CALCULATION OF FILING FEE
FORM S-8
(Form Type)
Old National Bancorp
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type |
Security Class Title |
Fee Calculation Rule |
Amount Registered(1) (3) | Proposed Maximum Offering Price Per Unit(2) |
Maximum Aggregate Offering Price(2) |
Fee Rate | Amount of Registration Fee |
Equity | Common Stock, no par value per share | Rule 457(c) and Rule 457(h) | 1,000,000 | $12.68 | $12,680,000 | .00011020 | $1,397.34 |
Total Offering Amounts | $12,680,000 | $1,397.34 | |||||
Total Fee Offsets | $0.00 | ||||||
Net Fee Due | $1,397.34 |
(1) | In accordance with Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall be deemed to cover any additional shares of the registrant’s common stock that may from time to time be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Estimated pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, solely for the purpose of computing the registration fee, based on the average of the high and low prices of the securities being registered hereby on NASDAQ on May 26, 2023. |
(3) | Represents shares of common stock subject to issuance in connection with the Amended and Restated Employee Stock Purchase Plan. |
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