S-8 1 tm2228977d1_s8.htm FORM S-8

 

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 26, 2022

 

REGISTRATION NO. 333-

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

 

BROOKFIELD ASSET MANAGEMENT INC.

(Exact name of registrant as specified in its charter)

 

 

 

ONTARIO   NOT APPLICABLE
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

SUITE 100, BROOKFIELD PLACE,

181 BAY STREET

TORONTO, ONTARIO M5J 2T3

(416) 363-9491

(Address of principal executive offices)

 

 

 

BROOKFIELD ASSET MANAGEMENT INC. ESCROWED STOCK PLAN

(Full title of the plan)

 

 

 

Brookfield Asset Management LLC
Brookfield Place
250 Vesey Street, 15th Floor

New York, New York 10281-1023

(212) 417-7000

(Name, address and telephone number, including area code, of agent for service)

 

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.

 

Large accelerated filer x Accelerated filer ¨
Non-accelerated filer ¨ Smaller reporting company ¨
    Emerging growth company ¨

 

 

 

 

 

PART I

 

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

Item 1. Plan Information.*

 

Item 2. Registrant Information and Employee Plan Annual Information.*

 

 

*The documents containing the information specified in Part I of Form S-8 are not required to be filed with the Securities and Exchange Commission (the “Commission”) either as part of this registration statement or as prospectuses or prospectus supplements pursuant to the Note to Part I of Form S-8 and Rule 424 under the Securities Act of 1933. The information required in the Section 10(a) prospectus is included in documents being maintained and delivered by Brookfield Asset Management Inc. (“Brookfield” or the “Company”) as required by Part I of Form S-8 and by Rule 428 under the Securities Act of 1933.

 

 

 

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

The following documents which have been filed by us with the Commission are incorporated in the Registration Statement by reference:

 

(a) Our Annual Report on Form 40-F for the fiscal year ended December 31, 2021, which incorporates by reference our audited consolidated financial statements for such fiscal year.

 

(b) All other reports filed by our company under Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), since December 31, 2021 and prior to the date of this Registration Statement.

 

(c) The description of our Class A Limited Voting Shares contained in Appendix B to our 2021 Annual Information Form for the fiscal year ended December 31, 2021, which was filed as Exhibit 99.1 to our Annual Report on Form 40-F with the Commission on March 31, 2022, including any amendment or report filed for the purpose of amending such description.

 

In addition, all reports and documents filed by us under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities being offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in and to be part of this Registration Statement from the date of filing of each such document, provided that reports on Form 6-K shall be so deemed incorporated by reference only if and to the extent indicated in 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.

 

Under the Business Corporations Act (Ontario), Brookfield may indemnify a present or former director or officer or a person who acts or acted at Brookfield’s request as a director or officer of another entity, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by him or her in respect of any civil, criminal, administrative, investigative or other proceeding in which he or she is involved by reason of being or having been a director or officer of Brookfield or such other entity and provided that the director or officer acted honestly and in good faith with a view to the best interests of Brookfield or the other entity, as the case may be, and, in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, such director or officer had reasonable grounds for believing that his or her conduct was lawful. Such indemnification may be made in connection with an action by or on behalf of Brookfield or such other entity to procure a judgment in its favor only with court approval. A director or officer is entitled to indemnification from Brookfield as a matter of right if he or she was not judged by a court or other competent authority to have committed any fault or omitted to do anything that he or she ought to have done and fulfilled the conditions set forth above.

 

In accordance with the Business Corporations Act (Ontario), the board of directors of Brookfield approved a resolution (the “Resolution”) dated August 1, 1997 providing for the following:

 

(i) the Company shall indemnify a director or officer of the Company, a former director or officer of the Company or a person who acts or acted at the Company’s request as a director or officer of a body corporate of which the Company is or was a shareholder or creditor, and his or her heirs and legal representatives, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by him or her in respect of any civil, criminal or administrative action or proceeding to which he or she is made a party by reason of being or having been a director or officer of the Company or such body corporate (except in respect of an action by or on behalf of the Company or such body corporate to procure a judgment in its favor), if,

 

(a) he or she acted honestly and in good faith with a view to the best interests of the Company, and

 

(b) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, he or she had reasonable grounds for believing that his or her conduct was lawful;

 

 

 

 

(ii) the Company shall, with the prior approval of the court having jurisdiction, indemnify a person referred to in (i) above in respect of an action by or on behalf of the Company or such body corporate to procure a judgment in its favor, to which he or she is made a party by reason of being or having been a director or an officer of the Company or such body corporate, against all costs, charges and expenses reasonably incurred by him or her in connection with such action if he or she fulfils the conditions set out in paragraphs (i)(a) and (b) above; and

 

(iii) notwithstanding anything in (i) and (ii) above, a person referred to in (i) above shall be indemnified by the Company in respect of all costs, charges and expenses reasonably incurred by him or her in connection with the defense of any civil, criminal or administrative action or proceeding to which he or she is made a party by reason of being or having been a director or officer of the Company or body corporate, if the person seeking indemnity,

 

(a) was substantially successful on the merits in his or her defense of the action or proceeding, and

 

(b) fulfils the conditions set out in paragraphs (i)(a) and (b) above.

 

Nothing in the by-laws or resolutions of Brookfield limits the right of any person entitled to claim indemnity apart from the indemnity provided pursuant to the Resolution.

 

A policy of directors’ and officers’ liability insurance is maintained by Brookfield which insures, subject to certain exclusions, directors and officers for losses as a result of claims against the directors and officers of Brookfield in their capacity as directors and officers and also reimburses Brookfield for payments made pursuant to the indemnity provided by Brookfield pursuant to the Resolution or as required or permitted by law.

 

Insofar as indemnification for liabilities arising under the U.S. Securities Act of 1933 may be permitted to directors, officers or persons controlling Brookfield pursuant to the foregoing provisions, Brookfield has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable.

 

Item 7. Exemption from Registration Claimed.

 

Not applicable.

 

Item 8. Exhibits.

 

Exhibit   Description of Exhibit
4.1   Articles of Amalgamation of Brookfield Asset Management Inc., incorporated by reference to Exhibit 3.1 to Brookfield’s Form F-4 (File No. 333-231335) filed with the Commission on May 9, 2019
4.2   By-laws of Brookfield Asset Management Inc., incorporated by reference to Exhibit 3.2 to Brookfield’s Form F-4 (File No. 333-231335) filed with the Commission on May 9, 2019
4.3   Brookfield Asset Management Inc. Escrowed Stock Plan, as amended
5.1   Opinion of Torys LLP
23.1   Consent of Deloitte LLP
23.2   Consent of Torys LLP (contained in Exhibit 5.1)
24.1   Powers of Attorney (included on signature page)
107   Filing Fee Table

 

Item 9. Undertakings.

 

The undersigned registrant, Brookfield, hereby undertakes, except as otherwise specifically provided in the rules of the Commission promulgated under the Securities Act of 1933:

 

(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 this Registration Statement (or the most recent post-effective amendment hereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement;

 

(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;

 

provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by Brookfield pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

 

 

 

 

(2) That, for the purpose of determining any liability under the Securities Act of 1933, as amended, 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.

 

(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.

 

The undersigned registrant, Brookfield, hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of Brookfield’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act 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 that time shall be deemed to be the initial bona fide offering thereof.

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of Brookfield pursuant to the foregoing provisions, or otherwise, Brookfield has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Brookfield of expenses incurred or paid by a director, officer or controlling person of Brookfield 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, Brookfield 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 such Act and will be governed by the final adjudication of such issue.

 

 

 

 

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 Toronto, Province of Ontario, Country of Canada, on the 26th day of October 2022.

 

  BROOKFIELD ASSET MANAGEMENT INC.
   
  By: /s/ Nicholas Goodman
    Name: Nicholas Goodman
    Title: Chief Financial Officer

 

POWER OF ATTORNEY

 

Each person whose signature appears below constitutes and appoints each of J. Bruce Flatt and Nicholas Goodman his/her true and lawful attorney-in-fact and agent, each acting alone, with full power of substitution and resubstitution, for him/her and in his/her name, place and stead, in any and all capacities, to sign any or all amendments, including post-effective amendments and supplements to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he/she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, each acting alone, or his/her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on October 26, 2022.

 

Signature   Title
     
/s/ Bruce Flatt   Director and Chief Executive Officer (Principal Executive Officer)
Bruce Flatt    
     
/s/ Nicholas Goodman   Chief Financial Officer (Principal Financial and Accounting Officer)
Nicholas Goodman    
     
/s/ M. Elyse Allan   Director
M. Elyse Allan    
     
/s/ Jeffrey M. Blidner   Director and Vice Chairman
Jeffrey M. Blidner    
     
/s/ Angela F. Braly   Director
Angela F. Braly    
     
/s/ Jack L. Cockwell   Director
Jack L. Cockwell    
     
/s/ Marcel R. Coutu   Director
Marcel R. Coutu    
     
/s/ Janice Fukakusa   Director
Janice Fukakusa    

 

 

 

 

/s/ Hutham S. Olayan   Director
Hutham S. Olayan    
     
/s/ Maureen V. Kempston Darkes   Director
Maureen V. Kempston Darkes    
     
/s/ Brian D. Lawson   Director and Vice Chairman
Brian D. Lawson    
     
/s/ Howard S. Marks   Director
Howard S. Marks    
     
/s/ Frank J. McKenna   Chairman of the Board of Directors
Frank J. McKenna    
     
/s/ Rafael Miranda   Director
Rafael Miranda    
     
/s/ Lord Augustine Thomas O’Donnell   Director
Lord Augustine Thomas O’Donnell    
     
/s/ Ngee Huat Seek   Director
Ngee Huat Seek    
     
/s/ Diana L. Taylor   Director
Diana L. Taylor    

 

 

 

 

AUTHORIZED REPRESENTATIVE

 

Pursuant to the requirements of the Securities Act of 1933, the undersigned has signed this Registration Statement, solely in the capacity of the duly authorized representative of Brookfield Asset Management Inc. in the United States, on October 26, 2022.

 

  BROOKFIELD ASSET MANAGEMENT LLC
     
  By: /s/ Kathy Sarpash
    Name: Kathy Sarpash
    Title: Secretary