S-8 1 empplans8.htm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM S-8

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

PENN VIRGINIA CORPORATION

(Exact name of registrant as specified in its charter)

Virginia

One Radnor Corporate Center

Suite 200, 100 Matsonford Road

Radnor, Pennsylvania 19087-4515

23-1184320

(State or other jurisdiction of incorporation or organization)

(Address of principal executive offices) (Zip Code)

(I.R.S. Employer Identification No.)

PENN VIRGINIA CORPORATION AMENDED
1999 EMPLOYEE STOCK INCENTIVE PLAN

(Full title of plan)

Nancy M. Snyder
Vice President, General Counsel and Corporate Secretary
Penn Virginia Corporation
One Radnor Corporate Center
Suite 200, 100 Matsonford Road
Radnor, PA 19087 - 4515
(Name and address of agent for service)
(610) 687-8900
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE


Title of
Securities To
Be registered


Amount
To Be
Registered

Proposed
Maximum

Offering Price
Per Share (1)


Proposed Maximum
Aggregate

Offering Price (1)



Amount Of
Registration Fee

Common Stock par value $6.25 per share


550,000 shares (2)


$37.25


$37.10


$1,659.49

(1)  Estimated solely for the purpose of computing the registration fee in accordance with paragraphs (c) and (h) of Rule 457 under the Securities Act of 1933 on the basis of the average of the high and low prices of the Common Stock of $37.25 and $36.95, respectively, as reported by the New York Stock Exchange on February 25, 2003.

(2)  Also registered hereby are such additional indeterminate number of shares of Common Stock or other securities as may become issuable by reason of adjustments pursuant to the anti-dilution provisions of the Plan.

(3)  Also registered hereby are the Rights to purchase fractional shares of Preferred Stock of the Registrant which are attached to all shares of Common Stock outstanding as of, and issued subsequent to, February 21, 1998 pursuant to terms of the Registrant's Rights Agreement dated as of February 11, 1998, as amended. Until the occurrence of certain prescribed events, the rights are not exercisable, are evidenced by the certificates of Common Stock and will be transferred with and only with such Common Stock.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

This Registration Statement is filed pursuant to General Instruction E of Form S-8 for the purpose of registering an additional 550,000 shares of Registrant's Common Stock to be offered pursuant to Registrant's Amended 1999 Employee Stock Incentive Plan (formerly entitled as Registrant's 1999 Employee Stock Incentive Plan) (the "Plan"). Registrant's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 9, 2000 (File No. 333-96465) is effective, registered an initial aggregate 250,000 shares of Common Stock offered pursuant to the Plan and is hereby incorporated by reference pursuant to General Instruction E.

NOTICE REGARDING ARTHUR ANDERSEN LLP

On May 9, 2002 Registrant announced that it had appointed KPMG LLP as its independent auditor for fiscal year 2002, replacing Arthur Andersen LLP ("Andersen").

Section 11(a) of the Securities Act of 1933, as amended (the "Securities Act"), provides that if any part of a registration statement at the time it becomes effective contains an untrue statement of a material fact or an omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, any person acquiring a security pursuant to the registration statement (unless it is proved that at the time of the acquisition the person knew of the untruth or omission) may sue, among others, every accountant who has consented to be named as having prepared or certified any part of the registration statement or as having prepared or certified any report or valuation which is used in connection with the registration statement with respect to the statement in the registration statement, report or valuation which purports to have been prepared or certified by the accountant.

Prior to the date of this registration statement, the Arthur Andersen partners who reviewed Registrant's most recent audited financial statements, as of December 31, 2001 and 2000 and for each of the three years in the period ended December 31, 2001 resigned from Andersen. As a result, after reasonable efforts, we have been unable to obtain Andersen's written consent to the incorporation by reference into this registration statement of its audit reports with respect to Registrant's financial statements.

Under these circumstances, Rule 437(a) under the Securities Act permits the filing of this registration statement without including herein a written consent from Andersen. Accordingly, Andersen will not be liable under Section 11(a) of the Securities Act because it has not consented to being named as an expert in the registration statement.


Item 8. Exhibits.

5.1

Opinion of Nancy M. Snyder as to legality of securities being registered.

23.3

Consent of Nancy M. Snyder (contained in opinion filed as Exhibit 5.1 hereto).

24.1

Power of Attorney (included in Signature Page).

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 Houston, Texas, on February 26, 2003.

PENN VIRGINIA CORPORATION

By: s/s A. James Dearlove
A. James Dearlove
President and Chief Executive Officer

 

 

POWER OF ATTORNEY

Each person whose signature appears below hereby constitutes A. James Dearlove and Nancy M. Snyder, and each of them, his/her true and lawful attorneys-in-fact and agents each with full power of substitution and resubstitution for him/her in any and all capacities to sign any and all amendments (including pre- or post-effective amendments) to this Registration Statement on Form S-8 and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission under the Securities Act of 1933, as amended, hereby ratifying and confirming all that each such attorney-in-fact, or his/her substitute or substitutes, may do or cause to be done by virtue thereof.

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 as indicated on February 26, 2003.

Signature

 

Title

 

 

 

s/s A. James Dearlove
A. James Dearlove

 

President, Chief Executive Officer
and Director (Principal Executive Officer)

 

 

 

s/s Frank A. Pici

 

Vice President and Chief Financial Officer

Frank A. Pici

 

(Principal Financial Officer)

 

 

 

s/s Dana G. Wright

 

Controller

Dana G. Wright

 

(Principal Accounting Officer)

 

 

 

s/s Edward B. Cloues, II

 

 

Edward B. Cloues, II

 

Director

 

 

 

s/s Robert Garrett

 

 

Robert Garrett

 

Chairman of the Board

 

 

 

s/s H. Jarrell Gibbs

 

 

H. Jarrell Gibbs

 

Director

 

 

 

s/s Keith D. Horton

 

 

Keith D. Horton

 

Director

 

 

 

s/s Marsha Reines Perelman

 

 

Marsha Reines Perelman

 

Director

 

 

 

s/s Joe T. Rye

 

 

Joe T. Rye

 

Director

 

 

 

s/s Gary K. Wright

 

 

Gary K. Wright

 

Director