-----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, INGB/eV8QfrNaDp4uHLV/y38gA34o+LcxrNCgDq7Es7S99VrYu3HAfsNoaYtR/Od HTQ3SVTgcvcNrml3eHSbMQ== 0001047469-03-022976.txt : 20030701 0001047469-03-022976.hdr.sgml : 20030701 20030630205947 ACCESSION NUMBER: 0001047469-03-022976 CONFORMED SUBMISSION TYPE: S-8 POS PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030701 EFFECTIVENESS DATE: 20030701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENZYME CORP CENTRAL INDEX KEY: 0000732485 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 061047163 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 POS SEC ACT: 1933 Act SEC FILE NUMBER: 333-66130 FILM NUMBER: 03766195 BUSINESS ADDRESS: STREET 1: ONE KENDALL SQ CITY: CAMBRIDGE STATE: MA ZIP: 02139 BUSINESS PHONE: 6172527500 MAIL ADDRESS: STREET 1: ONE KENDALL SQUARE CITY: CAMBRIDGE STATE: MA ZIP: 02139 S-8 POS 1 a2113942zs-8pos.htm S-8 POS
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As filed with the Securities and Exchange Commission on July 1, 2003

REGISTRATION NO. 333-66130



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


POST-EFFECTIVE AMENDMENT NO. 2
TO
FORM S-8 TO FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


GENZYME CORPORATION
(Exact name of registrant as specified in its charter)

Massachusetts
(State or other jurisdiction of incorporation)
  06-1047163
(I.R.S. Employer Identification Number)

One Kendall Square, Cambridge, Massachusetts 02139
(Address of Principal Executive Offices)


OPTIONS ASSUMED BY GENZYME CORPORATION IN CONNECTION WITH THE MERGER OF A WHOLLY OWNED SUBSIDIARY OF GENZYME WITH AND INTO FOCAL, INC. ORIGINALLY GRANTED UNDER THE FOCAL, INC. 1992 INCENTIVE STOCK PLAN, 1999 STOCK INCENTIVE PLAN AND 1997 DIRECTOR OPTION PLAN
(Full Title of the Plan)

PETER WIRTH
Genzyme Corporation
One Kendall Square
Cambridge, Massachusetts 02139
(617) 252-7500
(Name, address and telephone number of agent for service)

with copies to:

PAUL KINSELLA
Ropes & Gray
One International Place
Boston, Massachusetts 02110
(617) 951-7000

CALCULATION OF REGISTRATION FEE


Title of each class of
securities to be registered

  Amount to be
registered(1)

  Proposed maximum
offering price
per share

  Proposed maximum
aggregate
offering price

  Amount of
registration fee


Genzyme General Division Common Stock, $0.01 par value(2)(3)   11,638   $504.86(5)   $5,875,560.68(4)   $475.33(6)

(1)
Such shares (the "Option Shares") are issuable upon conversion of options assumed by the Registrant pursuant to an Agreement and Plan of Merger dated as of April 25, 2001 by and among the Registrant, Sammy Merger Corp. and Focal, Inc. Pursuant to Rule 416(a) under the Securities Act of 1933, this registration statement also covers such additional number of shares of Genzyme General Division common stock ("Genzyme General Stock") as may be issued upon a stock split, stock dividend or similar transaction.

(2)
Includes associated purchase rights which currently are evidenced by certificates for shares of Genzyme General Stock and automatically trade with such shares.

(3)
Represents the additional number of shares of Genzyme General Stock registered pursuant to this Amendment No. 2 to reflect the exchange on June 30, 2003 (the "Exchange Date") of all outstanding shares of Genzyme Biosurgery Division common stock ("Biosurgery Stock") for shares of Genzyme General Stock.

(4)
Each holder of an assumed option may purchase shares of Genzyme General Stock pursuant to the terms of its option agreement. The proposed maximum offering price per share reflects the highest exercise price per share provided in the terms of the option agreements.

(5)
Estimated solely for the purpose of determining the registration fee in accordance with Rule 457(h)(l) under the Securities Act of 1933, as amended, and based on the weighted average exercise price $504.86 of the outstanding options.

(6)
A registration fee of $1,380 was previously paid in connection with the prior Registration Statement filed on July 27, 2001 (the "Prior Registration Statement") to register 235,870 shares of Biosurgery Stock (calculated pursuant to Rule 457(h)(1) based on the weighted average exercise price of the outstanding options). 235,355 of such shares of Biosurgery stock had not been issued as of the Exchange Date and, on the Exchange Date, the options underlying such shares converted into options representing the right to purchase up to 11,638 shares of Genzyme General Stock. Accordingly, this post-effective amendment amends the Prior Registration Statement to register an additional 11,638 shares of Genzyme General Stock and to deregister the unissued Biosurgery Stock registered in the Prior Registration Statement. Pursuant to Rule 457(p), $475.33 of the filing fee previously paid in connection with the Prior Registration Statement to register the shares of Biosurgery Stock, a portion of which was offset by a filing fee previously paid in connection with the registration of 2,509,002 shares of Biosurgery Stock under the Registrant's registration statement on Form S-4 (Registration No. 333-61296) initially filed on May 21, 2001 is offset against the currently due filing fee of $475.33 for the additional shares of Genzyme General Stock being registered hereunder.




Explanatory Note

        The Registrant hereby amends its Registration Statement on Form S-8 (File No. 333-66130) filed with the Securities and Exchange Commission on July 27, 2001, which is incorporated herein by reference and which amended the Registrant's Registration Statement on Form S-4 (File No. 333-61296), to reflect the exchange of all of its Genzyme Biosurgery Division common stock for shares of its Genzyme General Division common stock (Nasdaq: GENZ) and cash in lieu of fractional shares on June 30, 2003 (the "Exchange Date"). In connection with the exchange, all outstanding options to purchase shares of Genzyme Biosurgery Division common stock, including those issued under the equity plans assumed by the Registrant in connection with its acquisition of Focal, Inc. effective as of June 30, 2001, that had not been exercised as of the Exchange Date became exercisable as of the Exchange Date for shares of Genzyme General Division common stock based on an exchange ratio of 0.04945 shares of Genzyme General Division common stock for each share of Genzyme Biosurgery Division common stock, rounded down to the nearest whole share. Accordingly, the 235,355 shares of Genzyme Biosurgery Division common stock that were previously registered on the Registrant's Registration Statement on Form S-8 (File No. 333-76766) but that had not been issued as of the Exchange Date now represent up to 11,638 shares of Genzyme General Division common stock. This Amendment increases the number of shares of Genzyme General Division common stock registered by 11,638 to reflect the exchange and deregisters the unissued shares of Genzyme Biosurgery Division common stock previously registered on the Registrant's Registration Statement on Form S-8 (File No. 333-66130) filed with the Securities and Exchange Commission on July 27, 2001.



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 of 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 Cambridge, Commonwealth of Massachusetts, as of July 1, 2003.

    GENZYME CORPORATION

 

 

By:

 

/s/  
MICHAEL S. WYZGA      
Michael S. Wyzga
Executive Vice President, Finance; Chief Financial Officer; and Chief Accounting 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:

Name
  Title
  Date

 

 

 

 

 
*
Henri A. Termeer
  Principal Executive Officer and Director   July 1, 2003

/s/  
MICHAEL S. WYZGA      
Michael S. Wyzga

 

Principal Financial and Accounting Officer

 

July 1, 2003

*

Constantine E. Anagnostopoulos

 

Director

 

July 1, 2003

*

Douglas A. Berthiaume

 

Director

 

July 1, 2003

*

Henry E. Blair

 

Director

 

July 1, 2003

*

Robert J. Carpenter

 

Director

 

July 1, 2003

*

Charles L. Cooney

 

Director

 

July 1, 2003

*

Victor J. Dzau

 

Director

 

July 1, 2003

*

Connie Mack III

 

Director

 

July 1, 2003
*By   /s/  PETER WIRTH      
Attorney In Fact
       


EXHIBIT INDEX

5.1   Opinion of Ropes & Gray.
23.1   Consent of PricewaterhouseCoopers LLP, independent accountants to Genzyme.
23.2   Consent of Ropes & Gray (included in the opinion filed as Exhibit 5.1).
24.1   Powers of Attorney (previously filed in Part II of the Form S-8 dated July 27, 2001, File No. 333-66130).



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Explanatory Note
SIGNATURES
EXHIBIT INDEX
EX-5.1 3 a2113942zex-5_1.htm EXHIBIT 5.1

Exhibit 5.1

ROPES                
& GRAY   ROPES & GRAY LLP            

 

 

ONE INTERNATIONAL PLACE

 

BOSTON, MA 02110-2624

 

617-951-7000

 

F 617-951-7050

 

 

BOSTON

 

NEW YORK

 

SAN FRANCISCO

 

WASHINGTON, DC

July 1, 2003

 

 

 

 

 

 

 

Ropes & Gray LLP

Genzyme Corporation
One Kendall Square
Cambridge, Massachusetts 02139

Ladies and Gentlemen:

This opinion is furnished to you in connection with a post effective amendment to a registration statement on Form S-8 (File No. 333-66130) (the "Registration Statement"), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, for the registration of 11,638 shares of Genzyme General Division common stock, $0.01 par value (the "Shares"), of Genzyme Corporation, a Massachusetts corporation (the "Company"). The Shares are issuable upon the exercise of options assumed by the Company in connection with the merger of a wholly-owned subsidiary of the Company with and into Focal, Inc. ("Focal") pursuant to the terms of the Agreement and Plan of Merger dated as of April 25, 2001 by and among the Company, Focal and Sammy Merger Corp. These options were originally granted to employees and directors under Focal's 1992 Incentive Stock Plan, 1999 Stock Incentive Plan and 1997 Director Option Plan and are currently exercisable upon the same terms and conditions as provided in the Focal plan under which the options were issued, except that the assumed options are exercisable for shares of Genzyme General Division common stock (the "Exercise Terms").

We are familiar with the proceedings taken by the Company in connection with the proposed issuance of the Shares. For purposes of our opinion, we have examined and relied upon such documents, records, certificates and other instruments as we have deemed necessary. The opinions expressed below are limited to the laws of The Commonwealth of Massachusetts.

Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, when the Shares have been issued and sold in accordance with the Exercise Terms, the Shares will be validly issued, fully paid and nonassessable.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. Our consent shall not be deemed an admission that we are experts whose consent is required under Section 7 of the Securities Act of 1933, as amended.

It is understood that this opinion is to be used only in connection with the offer and sale of Shares while the Registration Statement is in effect.

Very truly yours,

/s/ ROPES & GRAY LLP

Ropes & Gray LLP




EX-23.1 4 a2113942zex-23_1.htm EXHIBIT 23.1
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Exhibit 23.1


CONSENT OF INDEPENDENT ACCOUNTANTS

        We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 7, 2003, except for Note T, as to which the date is March 28, 2003 relating to the financial statements and financial statement schedule of Genzyme Corporation; of our report dated February 7, 2003, except for Note U, as to which the date is March 28, 2003 relating to the combined financial statements of Genzyme General; of our report dated February 7, 2003 related to the combined financial statements of Genzyme Biosurgery; and of our report dated February 7, 2003 related to the combined financial statements of Genzyme Molecular Oncology, which appears in Genzyme Corporation's Annual Report on Form 10-K for the year ended December 31, 2002.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts
June 30, 2003





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CONSENT OF INDEPENDENT ACCOUNTANTS
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