Registration No. 333-
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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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MERRILL LYNCH & CO., INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-2740599
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
World Financial Center
North Tower
New York, New York 10281-1334
(212) 449-1000
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
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MARK B. GOLDFUS, ESQ.
Associate General Counsel
Merrill Lynch & Co., Inc.
World Financial Center
North Tower
New York, New York 10281-1334
(212) 449-2827
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
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The Employee Stock Purchase Plan
for Employees of Merrill Lynch Partnerships
(Full title of the plan)
CALCULATION OF REGISTRATION FEE
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Title of securities Amount to Proposed maximum offering Proposed maximum aggregate Amount of
to be registered be registered price per share offering price(2) registration fee
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Common Stock, par value
$1.33-1/3 per share,
(including Preferred Stock
Purchase Rights)(1) 300,000 shares $69.375 $20,812,500 $6,306.82(2)
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(1) Prior to the occurrence of certain events, the Preferred Stock Purchase
Rights will not be evidenced separately from the Common Stock; value
attributable to such Rights, if any, is reflected in the market price of
the Common Stock.
(2) In accordance with Rule 457(h), the filing fee is based upon the maximum
number of the registrant's securities issuable under the Plan covered by
this Registration Statement.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I of Form S-8
will be sent or given to participating employees as specified by Rule 428(b)(1)
of the Securities Act of 1933, as amended. Such documents and the documents
incorporated by reference herein pursuant to Item 3 of Part II hereof, taken
together, constitute a prospectus that meets the requirements of Section 10(a)
of the Securities Act of 1933, as amended.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Annual Report on Form 10-K of Merrill Lynch & Co., Inc. (the
"Company") for the year ended December 27, 1996, Quarterly Report on Form 10-Q
for the quarter ended March 28, 1997, and Current Reports on Form 8-K dated
January 13, 1997, January 27, 1997, February 25, 1997, March 14, 1997, April 15,
1997, May 2, 1997, May 30, 1997, June 3, 1997, July 16, 1997, July 30, 1997, and
August 1, 1997, filed pursuant to Section 13 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), are incorporated by reference herein.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the date hereof and prior to the
termination of the offering of the securities registered hereunder shall be
deemed to be incorporated by reference herein and to be part hereof from the
date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to
be modified or superseded for purposes hereof to the extent that a statement
contained herein or in any other subsequently filed document which also is or is
deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part hereof.
Item 4. Description of Securities.
The authorized capital stock of the Company consists of 500,000,000 shares
of Common Stock, par value $1.33-1/3 per share, and 25,000,000 shares of
preferred stock, par value $1.00 per share, issuable in series ("Preferred
Stock"). The holders of shares of Common Stock are entitled to one vote for each
share held and each share of Common Stock is entitled to participate equally in
dividends out of funds legally available therefor, as and when declared by the
Board of Directors, and in the distribution of assets in the event of
liquidation. The shares of Common Stock have no preemptive or conversion rights,
redemption provisions or sinking fund provisions. The outstanding shares of
Common Stock are, and the shares offered hereby will be, duly and validly
issued, fully paid and nonassessable. Each share is eligible to participate
under the Rights Agreement referenced below and, to the extent specified
therein, to purchase certain securities upon the occurrence of certain events
specified in the Rights Agreement.
The Board of Directors of the Company, without further action by
stockholders, has the authority, to issue shares of Preferred Stock from time to
time in one or more series and to fix the powers (including voting power),
designations, preferences as to dividends and liquidation, and relative,
participating, optional, or other special rights and the qualifications,
limitations, or restrictions thereof. As of June 27, 1997, there were 17,000,000
Depositary Shares issued, each representing a one four-hundredth interest in a
share of the Company's 9% Cumulative Preferred Stock, Series A (the "9%
Preferred Stock"). The 9% Preferred Stock is a single series consisting of
42,500 shares with an aggregate liquidation preference of $425,000,000. As of
June 27, 1997, there were 42,500 shares of 9% Preferred Stock outstanding. From
time to time, MLPF&S may occasionally acquire a temporary position in the
Depositary Shares. As
2
of June 27, 1997, the Depositary Shares held by MLPF&S for the purpose of resale
was not material. The 9% Preferred Stock has dividend and liquidation preference
over the Common Stock and over the Series A Junior Preferred Stock issuable
pursuant to a Rights Agreement dated as of December 16, 1987 between ML & Co.
and The Chase Manhattan Bank (successor by merger to Manufacturers Hanover Trust
Company).
Item 5. Interests of Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
Section 145 of the General Corporation Law of the State of Delaware, as
amended, provides that under certain circumstances a corporation may indemnify
any person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding whether civil,
criminal, administrative or investigative, by reason of the fact that he is or
was a director, officer, employee or agent of the Company or is or was serving
at its request in such capacity in another corporation or business association,
against expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by him in connection with such
action, suit or proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the Company
and, with respect to any criminal action or proceeding, had no reasonable cause
to believe his conduct was unlawful.
Article XIII, Section 2 of the Restated Certificate of Incorporation of
the Company provides in effect that, subject to certain limited exceptions, the
Company shall indemnify its directors and officers to the extent authorized or
permitted by the General Corporation Law of the State of Delaware. The directors
and officers of the Company are insured under policies of insurance maintained
by the Company, subject to the limits of the policies, against certain losses
arising from any claims made against them by reason of being or having been such
directors or officers. Like indemnification and insurance is also provided to
those employees of the Company who serve as administrators of the Plan. In
addition, the Company has entered into contracts with all of its directors
providing for indemnification of such persons by the Company to the full extent
authorized or permitted by law, subject to certain limited exceptions.
Item 7. Exemption From Registration Claimed.
Not Applicable.
Item 8. Exhibits.
4(a) Restated Certificate of Incorporation of the Company, as amended April 24,
1987 (incorporated by reference to Exhibit 3(i) to the Company's Annual
Report on Form 10-K for the fiscal year ended December 25, 1992 ("1992
10-K") (File No. 1-7182)).
4(b) Certificate of Amendment, dated April 29, 1993, of the Certificate of
Incorporation of the Company (incorporated by reference to Exhibit 3(i) to
the Company's Quarterly Report on Form 10-Q for the quarter ended March
26, 1993 (File No. 1-7182)).
4(c) By-Laws of the Company, effective as of April 15, 1997 (incorporated by
reference to Exhibit 3(ii) to the Company's Quarterly Report on Form 10-Q
for the quarter ended March 28, 1997 (File No. 1-7182)).
4(d) Form of Rights Agreement, dated as of December 16, 1987, between the
Company and The Chase Manhattan Bank (successor by merger to Manufacturers
Hanover Trust Company) (incorporated by reference to Exhibit 3(iv) to the
1992 10-K).
4(e) Certificate of Designation of the Company establishing the rights,
preferences, privileges, qualifications, restrictions and limitations
relating to the Company's 9% Cumulative Preferred Stock, Series A
(incorporated by reference to Exhibit 4(iii) to the Company's Quarterly
Report on Form 10-Q for the quarter ended September 30, 1994 (File No.
1-7182)).
4(f) Certificate of Designation of the Company establishing the rights,
preferences, privileges, qualifications, restrictions and limitations
relating to the Company's Series A Junior Preferred Stock (incorporated by
reference to Exhibit 3(f) to the Company's Registration Statement on Form
S-3 (File No. 33-19975)).
3
+5 Opinion of Brown & Wood LLP.
+15 Letter re: unaudited interim financial information.
+23(a) Consent of Brown & Wood LLP (included as part of Exhibit 5).
+23(b) Consent of Deloitte & Touche LLP.
24 Power of Attorney (included on Page 5).
+ Filed herewith.
Item 9. Undertakings
The undersigned registrant hereby undertakes:
(a)(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 the
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 the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-8 and the information required to be
included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement.
(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 therein, and the
offering of such securities at the 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.
(b) That, for the purpose of determining any liability under the
Securities Act of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or 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 therein, and the
offering of such securities at the time shall be deemed to be the initial bona
fide offering thereof.
(c) 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 the provisions referred to in Item 6 of
this registration statement, 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 a
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.
4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
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 New York and State of New York on the 7th day of
August, 1997.
MERRILL LYNCH & CO., INC.
By: /s/ David H. Komansky
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David H. Komansky
(Chairman of the Board,
Chief Executive Officer and Director)
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints David H. Komansky, Herbert M. Allison, Jr.,
Joseph T. Willett and Stephen L. Hammerman, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, 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 other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them,
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 attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be done by virtue
thereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 7th day of August, 1997.
Signature Title
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/s/ David H. Komansky Chairman of the Board, Chief
- ---------------------------------------- Executive Officer and Director
(David H. Komansky)
/s/ Herbert M. Allison, Jr. President, Chief Operating
- ---------------------------------------- Officer and Director
(Herbert M. Allison, Jr.)
/s/ Joseph T. Willett Senior Vice President and
- ---------------------------------------- Chief Financial Officer (Principal
(Joseph T. Willett) Financial Officer)
/s/ Michael J. Castellano Senior Vice President and Controller
- ---------------------------------------- (Principal Accounting Officer)
(Michael J. Castellano)
5
Signature Title
--------- -----
/s/ William O. Bourke Director
- ----------------------------------------
(William O. Bourke)
/s/ W.H. Clark Director
- ----------------------------------------
(W.H. Clark)
/s/ Jill K. Conway Director
- ----------------------------------------
(Jill K. Conway)
Director
- ----------------------------------------
(Stephen L. Hammerman)
/s/ Earle H. Harbison, Jr. Director
- ----------------------------------------
(Earle H. Harbison, Jr.)
/s/ George B. Harvey Director
- ----------------------------------------
(George B. Harvey)
/s/ William R. Hoover Director
- ----------------------------------------
(William R. Hoover)
/s/ Robert P. Luciano Director
- ----------------------------------------
(Robert P. Luciano)
/s/ David K. Newbigging Director
- ----------------------------------------
(David K. Newbigging)
/s/ Aulana L. Peters Director
- ----------------------------------------
(Aulana L. Peters)
/s/ John J. Phelan, Jr. Director
- ----------------------------------------
(John J. Phelan, Jr.)
/s/ John L. Steffens Director
- ----------------------------------------
(John L. Steffens)
/s/ William L. Weiss Director
- ----------------------------------------
(William L. Weiss)
6
Exhibit Index
Exhibit No. Description
- ----------- -----------
4(a) Restated Certificate of Incorporation of the Company, as amended
April 24, 1987 (incorporated by reference to Exhibit 3(i) to the
Company's Annual Report on Form 10-K for the fiscal year ended
December 25, 1992 ("1992 10-K") (File No. 1-7182)).
4(b) Certificate of Amendment, dated April 29, 1993, of the Certificate
of Incorporation of the Company (incorporated by reference to
Exhibit 3(i) to the Company's Quarterly Report on Form 10-Q for the
quarter ended March 26, 1993 (File No. 1-7182)).
4(c) By-Laws of the Company, effective as of April 15, 1997 (incorporated
by reference to Exhibit 3(ii) to the Company's Quarterly Report on
Form 10-Q for the quarter ended March 28, 1997 (File No. 1-7182)).
4(d) Form of Rights Agreement, dated as of December 16, 1987, between the
Company and The Chase Manhattan Bank (successor by merger to
Manufacturers Hanover Trust Company) (incorporated by reference to
Exhibit 3(iv) to the 1992 10-K).
4(e) Certificate of Designation of the Company establishing the rights,
preferences, privileges, qualifications, restrictions and
limitations relating to the Company's 9% Cumulative Preferred Stock,
Series A (incorporated by reference to Exhibit 4(iii) to the
Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 1994 (File No. 1-7182)).
4(f) Certificate of Designation of the Company establishing the rights,
preferences, privileges, qualifications, restrictions and
limitations relating to the Company's Series A Junior Preferred
Stock (incorporated by reference to Exhibit 3(f) to the Company's
Registration Statement on Form S-3 (File No. 33-19975)).
+ 5 Opinion of Brown & Wood LLP.
+15 Letter re: unaudited interim financial information.
+23(a) Consent of Brown & Wood LLP (included as part of Exhibit 5).
+23(b) Consent of Deloitte & Touche LLP.
24 Power of Attorney (included on Page 5).
+ Filed herewith.
7