sv8
As filed with the Securities and Exchange Commission on June 28, 2011
Registration
No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
EQUITY RESIDENTIAL
(Exact name of registrant as specified in its charter)
| |
|
|
|
| Maryland
|
|
13-3675988 |
| (State or other jurisdiction of incorporation or organization)
|
|
(I.R.S. Employer Identification Number) |
Two North Riverside Plaza, Suite 400
Chicago, Illinois 60606
(312) 474-1300
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Equity Residential 2011 Share Incentive Plan
(Full title of the plan)
David J. Neithercut
President and Chief Executive Officer
Two North Riverside Plaza, Suite 400
Chicago, Illinois 60606
(312) 474-1300
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Gregory W. Hayes, Esq.
DLA Piper LLP (US)
203 North LaSalle Street, Suite 1900
Chicago, Illinois 60601
(312) 368-2155
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large
accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act. (Check one):
| |
|
|
|
|
|
|
|
| Large accelerated filer þ
|
|
Accelerated filer o
|
|
Non-accelerated filer o
|
|
Smaller reporting company o |
|
|
|
|
|
(do not check if smaller reporting company) |
|
|
CALCULATION OF REGISTRATION FEE
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
|
|
|
|
Proposed maximum |
|
|
Proposed |
|
|
Amount of |
|
| |
Title of each class |
|
|
Amount to be |
|
|
offering price per |
|
|
maximum aggregate |
|
|
registration |
|
| |
of securities to be registered |
|
|
registered |
|
|
unit (2) |
|
|
offering price (2) |
|
|
fee (2) |
|
| |
Common Shares of Beneficial
Interest, $0.01 par value per
share |
|
|
12,980,741 |
|
|
$58.415 |
|
|
$758,269,985.50 |
|
|
$88,036 |
|
| |
|
|
|
| (1) |
|
Pursuant to Rule 416 under the Securities Act of 1933, as amended, this Registration
Statement covers any additional securities to be offered or issued from stock splits, stock
dividends or similar transactions. |
| |
| (2) |
|
Pursuant to Rule 457(c) and Rule 457(h) under the Securities Act of 1933, as amended, the
registration fee has been calculated on the basis of $58.415 per share, which is the average
of the high and low sales prices of the Registrant’s Common Shares of Beneficial Interest on
June 23, 2011, as reported by the New York Stock Exchange. |
PART I
INFORMATION REQUIRED IN THIS SECTION 10(A) PROSPECTUS
Information required by Part I to be contained in the Section 10(a) prospectus is omitted from
this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as
amended, and the Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Certain Documents by Reference
We have filed the documents listed below with the Commission under the Exchange Act and these
documents are incorporated into this prospectus by reference (other than information furnished
pursuant to Items 2.02 and 7.01 of Form 8-K and any related exhibits):
| |
a. |
|
Annual Report on Form 10-K for the year ended December 31, 2010
(File No. 001-12252). |
| |
| |
b. |
|
Quarterly Report on Form 10-Q for the quarter ended March 31,
2011 (File No. 001-12252). |
| |
| |
c. |
|
Current Reports on Form 8-K filed on February 3, 2011 (two
reports), April 8, 2011, May 23, 2011 and June 22, 2011 (File No. 001-12252). |
| |
| |
d. |
|
Description of our common shares contained in our registration
statement on Form 8-A/A dated August 10, 1993. |
All documents filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
after the date of this prospectus and prior to the termination of the offering of all Common Shares
under this prospectus will also be deemed to be incorporated by reference in this prospectus and to
be a part hereof from the date of filing those documents. We are not, however, incorporating by
reference any documents or portions thereof, whether specifically listed above or filed in the
future, that are not deemed “filed” with the Commission, including, but not limited to, any
information furnished pursuant to Items 2.02 or 7.01 of Form 8-K or any exhibits furnished pursuant
to Item 9.01 of Form 8-K.
Any statement contained in this prospectus or in a document incorporated or deemed to be
incorporated by reference herein will be modified or superseded by inconsistent statements in any
document we file in the future that will be deemed incorporated by reference herein, including any
prospectus supplement that supplements this prospectus. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus
or any accompanying prospectus supplement. Subject to the foregoing, all information appearing in
this prospectus and each accompanying prospectus supplement is qualified in its entirety by the
information appearing in the documents incorporated by reference.
We will provide, without charge, copies of all documents that are incorporated herein by
reference (not including the exhibits to such information, unless such exhibits are specifically
incorporated by reference in such information) to each person, including any beneficial owner, to
whom this prospectus is delivered upon written or oral request. Requests should be directed to
Equity Residential, Two North Riverside Plaza, Suite 400, Chicago, Illinois 60606, Attention:
Martin McKenna (telephone number: (312) 474-1300).
Unless otherwise indicated, when used herein, the terms “we” and “us” refer to Equity Residential,
a Maryland real estate investment trust, and its subsidiaries, including ERP Operating Limited
Partnership, its operating partnership.
II-1
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Trustees and Officers
Under Maryland law, a real estate investment trust formed in Maryland is permitted to
eliminate, by provision in its Declaration of Trust, the liability of trustees and officers to the
trust and its shareholders for money damages except for liability resulting from (a) actual receipt
of an improper benefit or profit in money, property or services or (b) acts or omissions
established by a final judgment as involving active and deliberate dishonesty and being material to
the matter giving rise to the proceeding. The Registrant’s Declaration of Trust includes such a
provision eliminating such liability to the maximum extent permitted by Maryland law.
To the maximum extent permitted by Maryland law in effect from time to time, the Registrant’s
bylaws require the Registrant to indemnify and, without requiring a preliminary determination of
the ultimate entitlement to indemnification, pay or reimburse, reasonable expenses in advance of
final disposition of a proceeding (a) any individual (including the individual’s spouse, children,
heirs, estate, executors, or personal or legal representatives for claims arising out of the status
of such spouse, children, heirs, estate, executors or personal or legal representatives of such
individual (collectively, the “Other Individuals”)) who is a present or former trustee or officer
of the Registrant and who is made or threatened to be made a party to the proceeding by reason of
his or her service in that capacity or (b) any individual (including Other Individuals) who, while
a trustee or officer of the Registrant and at the request of the Registrant, serves or has served
as a trustee, officer, partner or trustee of another corporation, real estate investment trust,
partnership, joint venture, trust, employee benefit plan or other enterprise and who is made or
threatened to be made a party to the proceeding by reason of his or her service in that capacity.
The Registrant may, with the approval of its Board of Trustees, provide such indemnification and
advance for expenses to an individual (including Other Individuals) who served a predecessor of the
Registrant in any of the capacities described in (a) or (b) above and to any employee or agent of
the Registrant or a predecessor of the Registrant. The indemnification and payment or
reimbursement of expenses shall not be deemed exclusive of or limit in any way other rights to
which any person seeking indemnification or payment or reimbursement of expenses may be or may
become entitled under any bylaw, regulation, insurance, agreement or otherwise.
No amendment or repeal of the Registrant’s bylaws or Declaration of Trust inconsistent with
the foregoing right to indemnification, shall apply to any act or failure to act which occurred
prior to such amendment, repeal or adoption. Any indemnification or payment or reimbursement of
the expenses permitted by the Registrant’s bylaws shall be furnished in accordance with the
procedures provided for indemnification or payment or reimbursement of expenses, as the case may
be, under Section 2-418 of the Maryland General Corporation Law (the “MGCL”) for directors of
Maryland corporations. The Registrant may provide to trustees and officers such other and further
indemnification or payment or reimbursement of expenses, as the case may be, to the fullest extent
permitted by the MGCL, as in effect from time to time, for directors of Maryland corporations.
The Registrant has entered into indemnification agreements with each of its trustees and
executive officers. The indemnification agreements require, among other things, that the
Registrant indemnify its trustees and executive officers to the fullest extent permitted by law and
advance to the trustees and executive officers all related expenses, subject to reimbursement if it
is subsequently determined that indemnification is not permitted. Under these agreements, the
Registrant must also indemnify and advance all expenses incurred by trustees and executive officers
seeking to enforce their rights under the indemnification agreements and may cover trustees and
executive officers under the Registrant’s trustees and officers’ liability insurance. Although the
form of indemnification agreement offers substantially the same scope of coverage afforded by law,
as a traditional form of contract it may provide greater assurance to trustees and executive
officers that indemnification will be available.
II-2
The partnership agreements of ERP Operating Limited Partnership and its management
subsidiaries also provide for indemnification of the Registrant and its officers and trustees to
the same extent that indemnification is provided to officers and trustees of the Registrant in its
Declaration of Trust, and limit the liability of the Registrant and its officers and trustees to
the Operating Partnership and the Management Partnerships and their respective partners to the same
extent that the liability of the officers and trustees of the Registrant to the Registrant and its
shareholders is limited under the Registrant’s Declaration of Trust.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
| |
|
|
|
|
|
4.1*
|
|
-
|
|
Articles of Restatement of Declaration of Trust of Equity Residential |
| |
4.3**
|
|
-
|
|
Seventh Amended and Restated Bylaws of Equity Residential |
| |
5
|
|
-
|
|
Opinion of DLA Piper LLP (US) |
| |
23.1
|
|
-
|
|
Consent of Ernst & Young LLP |
| |
23.2
|
|
-
|
|
Consent of DLA Piper LLP (US) (included in Exhibit 5) |
| |
24
|
|
-
|
|
Power of Attorney (filed as part of the signature page to the Registration Statement) |
|
|
|
| * |
|
Included as Exhibit 3.1 to Equity Residential’s Annual Report on Form 10-K for the year
ended December 31, 2004. |
| |
| ** |
|
Included as Exhibit 3.1 to Equity Residential’s Form 8-K filed on December 4, 2010. |
Item 9. Undertakings
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 this
registration statement. Notwithstanding the foregoing, any increase or decrease in volume of
Securities (if the total dollar value of Securities would not exceed that which was registered) and
a 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 a 20 percent change in the maximum aggregate
offering 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
this registration statement;
Provided, however, That paragraphs (a)(1)(i), (a)(1)(ii),and (a)(1)(iii) of this section do not
apply if the registration statement is on Form S-3 or Form F-3 and the information required to be
included in a post-effective amendment by those paragraphs is contained in reports field with or
furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration statement,
or is contained in a form of prospectus that is filed pursuant to Rule 424(b) that is part of the
registration statement.
II-3
(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 herein, 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.
(4) 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 Section 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 this registration statement shall be deemed to be a new registration statement
relating to the Securities offered herein, and the offering of such Securities at that time shall
be deemed to be the initial bona fide offering thereof.
(5) 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 existing
provisions or arrangements whereby the registrant may indemnify a trustee, officer or controlling
person of the registrant against liabilities arising under the Securities Act, 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 trustee, officer or controlling person of the
registrant in the successful defense of any action, suit or proceeding) is asserted by such
trustee, 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.
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-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Chicago, State of Illinois, on June 28, 2011.
| |
|
|
|
|
| |
EQUITY RESIDENTIAL
|
|
| |
By: |
/s/ David J. Neithercut
|
|
| |
|
David J. Neithercut, |
|
| |
|
President and Chief Executive Officer |
|
II-5
POWER OF ATTORNEY
KNOW ALL MEN AND WOMEN BY THESE PRESENTS, that each person whose signature appears below,
hereby constitutes and appoints David J. Neithercut, Mark J. Parrell and Ian S. Kaufman, or any of
them, his or her attorneys-in-fact and agents, with full power of substitution and resubstitution
for him or her in any and all capacities, to sign any or all amendments or post-effective
amendments to this Registration Statement, and to file the same, with all exhibits thereto and
other documents in connection therewith or in connection with the registration of the Securities
under the Exchange Act, with the Securities and Exchange Commission, granting unto each of such
attorneys-in-fact and agents full power and authority to do and perform each and every act and
thing requisite and necessary in connection with such matters as fully to all intents and purposes
as he or she might or could do in person, hereby ratifying and confirming all that each of such
attorneys-in-fact and agents or his or her substitute or substitutes may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities set forth below and on the dates indicated:
| |
|
|
|
|
| Name |
|
Title |
|
Date |
|
|
|
|
|
/s/ David J. Neithercut
David J. Neithercut
|
|
President, Chief Executive Officer and Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Mark J. Parrell
Mark J. Parrell
|
|
Executive Vice President and Chief Financial
Officer
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Ian S. Kaufman
Ian S. Kaufman
|
|
Senior Vice President and Chief Accounting
Officer
|
|
June 28, 2011 |
|
|
|
|
|
/s/ John W. Alexander
John W. Alexander
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Charles L. Atwood
Charles L. Atwood
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Linda Walker Bynoe
Linda Walker Bynoe
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Bradley A. Keywell
Bradley A. Keywell
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ John E. Neal
John E. Neal
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Mark S. Shapiro
Mark S. Shapiro
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ B. Joseph White
B. Joseph White
|
|
Trustee
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Gerald A. Spector
Gerald A. Spector
|
|
Vice Chairman of the Board of Trustees
|
|
June 28, 2011 |
|
|
|
|
|
/s/ Samuel Zell
Samuel Zell
|
|
Chairman of the Board of Trustees
|
|
June 28, 2011 |
II-6
EXHIBIT INDEX
| |
|
|
| Exhibit |
|
Exhibit |
| Number |
|
Description |
4.1* |
|
Articles of Restatement of
Declaration of Trust of Equity Residential |
|
|
|
4.3** |
|
Seventh Amended and Restated Bylaws of Equity Residential |
|
|
|
5 |
|
Opinion of DLA Piper LLP (US) |
|
|
|
23.1 |
|
Consent of Ernst & Young LLP |
|
|
|
23.2 |
|
Consent of DLA Piper LLP (US) (included in Exhibit 5) |
|
|
|
24 |
|
Power of Attorney (filed as part of
the signature page to the Registration Statement) |
|
|
|
| * |
|
Included as Exhibit 3.1 to Equity Residential’s Annual Report on Form 10-K for the year ended
December 31, 2004. |
| |
| ** |
|
Included as Exhibit 3.1 to Equity Residential’s Form 8-K filed on December 4, 2010. |