Registration No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933
Koninklijke Philips Electronics N.V.
(Exact Name of Registrant as Specified in Its Charter)
Royal Philips Electronics
(Registrant’s Name for Use in English)
The Netherlands
(State or Other Jurisdiction of Incorporation or Organization)
None
(I.R.S. Employer Identification Number)
Breitner Tower, Amstelplein 2, Amsterdam 1070MX, The Netherlands
(Address of Principal Executive Offices)
Royal Philips Electronics Nonqualified Stock Purchase Plan
Royal Philips Electronics Long-Term Incentive Plan 2009 (Consisting of Global Philips
Stock Option Program 2009 and Global Philips Restricted Share Rights Program 2009)
(Full Title of the Plan)
Pamela Dunlap
1251 Avenue of the Americas, New York, New York 10020-1104
(212) 536-0500
(Name, Address and Telephone Number of Agent for Service)
Please Send Copies of Communications to:
Andrew D. Soussloff
Sullivan & Cromwell LLP
125 Broad Street, New York, New York 10004-2498
(212) 558-4000
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,” “non-accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one)
Large accelerated filer  |
Accelerated filer  |
|
| Non-accelerated filer |
Smaller reporting company |
|
CALCULATION OF REGISTRATION FEE |
|
Title of Each Class of |
Amount to be Registered (2) |
Proposed Maximum Offering Price Per Share (3) |
Proposed Maximum Aggregate Offering Price (3) |
Amount of Registration Fee |
|
Common Shares of Koninklijke Philips Electronics N.V., par value 0.20 Euro per share (1) |
16,500,000 |
$17.77 |
$293,205,000 |
$11,523 |
|
(1) |
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the Royal Philips Electronics Nonqualified Stock Purchase Plan. Pursuant to Rule 457(h)(2) no fee is payable with respect to the registration of these interests. |
|
(2) |
2,000,000 of the shares are registered to be offered or sold pursuant to the Royal Philips Electronics Nonqualified Stock Purchase Plan and 14,500,000 of the shares are registered to be offered or sold pursuant to the Royal Philips Electronics Long-Term Incentive Plan 2009. |
|
(3) |
Estimated solely for the purpose of computing the amount of the registration fee. Pursuant to Rule 457(h) and Rule 457(c) under the Securities Act of 1933, calculated on the basis of the average of the high and low prices of the Common Shares as reported on the New York Stock Exchange on February 17, 2009. |
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
EXPLANATORY NOTE
This registration statement on Form S-8 registers common shares, par value 0.20 euro per share of Royal Philips Electronics, which may be issued in connection with the plans set forth on the facing page of this registration statement. In addition, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the Royal Philips Electronics Nonqualified Stock Purchase Plan. After giving effect to this filing, an aggregate of 12,609,460 shares of the registrant’s common stock have been registered for issuance pursuant to the Royal Philips Electronics Nonqualified Stock Purchase Plan.
As permitted by Rule 428 under the Securities Act of 1933, as amended, this registration statement omits the information specified in Part I of Form S-8. We will deliver the documents containing the information specified in Part I to the participants in the plans covered by this registration statement as required by Rule 428(b). We are not filing these documents with the Securities and Exchange Commission as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act of 1933, as amended.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The Securities and Exchange Commission (the “Commission”) allows us to “incorporate by reference” the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and subsequent information that we file with the Commission will automatically update and supersede this information. Information set forth in this registration statement supersedes any previously filed information that is incorporated by reference into this registration statement. We incorporate by reference into this registration statement the following:
(a) Our Annual Report on Form 20-F for the fiscal year ended December 31, 2008 (File No. 001-05146-01) filed with the Commission on February 23, 2009;
(b) The Annual Report on Form 11-K of the Royal Philips Electronics Nonqualified Stock Purchase Plan (File No. 001-05146-01) filed with the Commission on October 29, 2008; and
(c) The description of our common shares, par value 0.20 euro per share, set forth in the registration statement on Form S-8 (File No. 333-140784) filed with the Commission on February 20, 2007.
In addition, to the extent designated therein, certain reports on Form 6-K and all documents filed by Royal Philips Electronics under sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date of this registration statement, but prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be part of this registration statement from the date of filing of such reports.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers
The articles of association of Royal Philips Electronics provide that, unless the law requires otherwise, the members of the board of management and of the supervisory board shall be reimbursed by Royal Philips Electronics for various costs and expenses, including the reasonable costs of defending claims and of appearing in legal proceedings and any damages which they are ordered to pay in respect of an act or failure to act in the exercise of functions performed at the request of the Royal Philips Electronics. Under certain circumstances, described
in the articles of association, such as if it has been established in a final judgment by a Dutch court or by an arbitrator that an act or failure to act by a member of the board of management or the supervisory board can be characterized as intentional (‘opzettelijk’), intentionally reckless (‘bewust roekeloos’) or seriously culpable (‘ernstig verwijtbaar’) or if the costs and expenses are reimbursed by insurers under an insurance policy, there will be no entitlement to this reimbursement.
Members of the board of management, the supervisory board and certain officers of Royal Philips Electronics are, to a limited extent, insured under an insurance policy against damages resulting from their conduct when acting in their capacities as such.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
|
Exhibit No. |
Description |
|
4.1 |
Royal Philips Electronics Nonqualified Stock Purchase Plan (incorporated by reference to the Company’s Current Report on Form 6-K (File No. 001-05146-1) filed on March 19, 2008) |
|
4.2 |
Global Philips Stock Option Program 2009 (part of Royal Philips Electronics Long-Term Incentive Plan 2009). |
|
4.3 |
Global Philips Restricted Share Rights Program 2009 (part of Royal Philips Electronics Long-Term Incentive Plan 2009) |
|
23.1 |
Consent of KPMG Accountants NV, an Independent Registered Public Accounting Firm |
|
23.2 |
Consent of KPMG LLP, an Independent Registered Public Accounting Firm |
|
24 |
Power of attorney (included on signature page). |
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 (the “Act”);
(ii) to reflect in the prospectus any facts or events arising after he 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 a 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
(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 if the information required to be included in a post-effective amendment by paragraphs (a)(1)(i) and (ii) above is contained in periodic reports filed 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 this Registration Statement, paragraphs (a)(1)(i) and (ii) shall not apply;
(2) That, for the purpose of determining any liability under the Act 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; and
(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 Act, 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 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 that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Act 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.
SIGNATURES OF ROYAL PHILIPS ELECTRONICS
Pursuant to the requirements of the Securities Act of 1933, as amended, KONINKLIJKE PHILIPS ELECTRONICS N.V. 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 Amsterdam, The Netherlands, on February 23, 2009.
KONINKLIJKE PHILIPS ELECTRONICS N.V.
By: /s/ Eric Coutinho
Name: Eric Coutinho
Title: General Secretary
KNOW ALL MEN BY THESE PRESENTS that each individual whose signature appears below constitutes and appoints Pamela Dunlap as his true and lawful attorney-in-fact and agent with full power of substitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the indicated capacities on February 23, 2009.
|
Name |
Title |
|
/s/ G. J. Kleisterlee |
President/CEO, Chairman of the Board of Management |
|
/s/ P.J. Sivignon |
Executive Vice-President, Member of the Board of Management and Chief Financial Officer |
|
/s/ G. H. Dutiné |
Executive Vice-President, Member of the Board of Management |
|
/s/ A. Ragnetti |
Executive Vice-President, Member of the Board of Management |
II-1
|
Name |
Title |
|
/s/ R.S. Provoost |
Executive Vice-President, Member of the Board of Management |
|
/s/ J.M. Hessels |
Chairman of the Supervisory Board |
|
/s/ H. Von Prondzynski |
Member of the Supervisory Board |
|
/s/ J. M. Thompson |
Member of the Supervisory Board |
|
/s/ E. Kist |
Member of the Supervisory Board |
|
/s/ W.N. Liong |
Member of the Supervisory Board |
|
/s/ J.J. Schiro |
Member of the Supervisory Board |
II-2
| Name | Title |
|
/s/ Pamela Dunlap Pamela Dunlap |
Duly authorized representative in the United States |
II-3
SIGNATURE OF THE ROYAL PHILIPS ELECTRONICS NONQUALIFIED STOCK
PURCHASE PLAN
Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who administer the employee benefit plan) have 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 February 23, 2009.
ROYAL PHILIPS ELECTRONICS
NONQUALIFIED STOCK PURCHASE PLAN
By: /s/ Pamela Dunlap
Name: Pamela Dunlap
Title: Chairman, Stock Purchase Plan Committee
II-4
INDEX TO EXHIBITS
|
Exhibit No. |
Description |
|
4.1 |
Royal Philips Electronics Nonqualified Stock Purchase Plan (incorporated by reference to the Company’s Current Report on Form 6-K (File No. 001-05146-1) filed on March 19, 2008) |
|
4.2 |
Global Philips Stock Option Program 2009 (part of Royal Philips Electronics Long-Term Incentive Plan 2009) |
|
4.3 |
Global Philips Restricted Share Rights Program 2009 (part of Royal Philips Electronics Long-Term Incentive Plan 2009) |
|
23.1 |
Consent of KPMG Accountants NV, an Independent Registered Public Accounting Firm |
|
23.2 |
Consent of KPMG LLP, an Independent Registered Public Accounting Firm |
|
24 |
Power of attorney (included on signature page). |