S-8 1 tm2014164d3_s8.htm FORM S-8

As filed with the Securities and Exchange Commission on March 31, 2020

Registration No. 333-

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

 

ARCONIC ROLLED PRODUCTS CORPORATION*

(Exact name of registrant as specified in its charter)

 

 

 

Delaware 84-2745636
(State of Incorporation) (I.R.S. Employer Identification No.)

 

201 Isabella Street

Pittsburgh, Pennsylvania 15212

(Address of principal executive office, including zip code)

 

ARCONIC cORP. HOURLY 401(K) PLAN

aRCONIC cORP. sALARIED 401(K) PLAN

 

(Full Title of Plans)

 

 

 

Diana L. Toman

201 Isabella Street

Pittsburgh, Pennsylvania 15212-5858

(412) 992-2500

(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, 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 ¨   Accelerated filer ¨
Non-accelerated filer x  (Do not check if a smaller reporting company)   Smaller reporting company ¨
 

 

 

 

* The registrant is currently named Arconic Rolled Products Corporation. The registrant plans to change its name to “Arconic Corporation” as of 11:59 p.m. on the date hereof.

 

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities to be Registered Amount to be Registered(1)

Proposed

Maximum

Aggregate

Offering Price

per Security (2)

Proposed
Maximum Aggregate
Offering Price (2)
Amount of
Registration Fee
Common Stock, $0.01 par value per share 1,800,000 $25.02 $45,036,000.00 $5,845.67
(1)Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers any additional shares of Common Stock of Arconic Rolled Products Corporation (the “Registrant” or the “Company”) that may be offered or issued by reason of stock dividends, stock splits or similar transactions. In addition, pursuant to Rule 416(c) under the Securities Act, this Registration Statement also covers an indeterminate amount of interests to be offered or sold pursuant to the Arconic Corp. Hourly 401(k) Plan and the Arconic Corp. Salaried 401(k) Plan (together, the “Plans”).

 

(2)Pursuant to Rule 457(c) and 457(h) under the Securities Act, the proposed maximum offering price per security and the proposed maximum aggregate offering price are estimated solely for the purpose of calculating the amount of the registration fee and are based upon the book value as of December 31, 2019, the latest practicable date.

  

 

 

 

EXPLANATORY NOTE

 

This Registration Statement on Form S-8 is being filed for the purpose of registering 1,800,000 shares of the Company’s common stock issuable pursuant to the Plans, which were adopted in connection with, and become effective upon, the pro rata distribution by Arconic Inc. of all of the outstanding shares of common stock of the Company to Arconic Inc.’s stockholders (the “Separation”).

 

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

Item 1. Plan Information.*

 

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

______________

* 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 and the Note to Part I of Form S-8.

 

 

 

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

The following documents, which have been filed by the Registrant with the U.S. Securities and Exchange Commission (the “SEC”), are incorporated herein by reference:

 

·The Company’s Registration Statement on Form 10, initially publicly filed with the SEC on December 17, 2019, as amended, including the description of the Company’s common stock, par value $0.01 per share (the “Common Stock”) contained therein, and any amendment or report filed for the purpose of updating such description;

 

·The Company’s Annual Report on Form 10-K filed on March 30, 2020; and

 

·The Company’s Current Reports on Form 8-K filed on February 25, 2020 and March 26, 2020.

 

All documents filed by the Registrant with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 subsequent to the date of this Registration Statement (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items), and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.

 

Any statement contained in this Registration Statement, in an amendment hereto or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained or incorporated by reference herein or in any subsequently filed amendment hereto or document which 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 of this Registration Statement.

 

Item 4. Description of Securities.

 

Not applicable.

 

Item 5. Interests of Named Experts and Counsel.

 

Not applicable.

 

Item 6. Indemnification of Directors and Officers.

 

As will be authorized by the Company’s amended and restated bylaws, the Company may purchase and maintain at its expense on behalf of directors and officers insurance, within certain limits, covering liabilities which may be incurred by them in such capacities.

 

Section 145 of the General Corporation Law of the State of Delaware (as amended, the “DGCL”) grants a corporation the power to indemnify its officers and directors, under certain circumstances and subject to certain conditions and limitations as stated therein, against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by them as a result of threatened, pending or completed actions, suits or proceedings brought against them by reason of the fact that they are or were an officer or director of the corporation or served at the request of the corporation if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful.

 

 

 

 

Article VI of the Company’s amended and restated bylaws will provide that the Company shall indemnify and hold harmless each person who was or is a party to, or is otherwise threatened to be made a party to, any threatened, pending or completed action, suit or proceeding (a “Proceeding”), by reason of the fact that he or she (or a person of whom he or she is the legal representative), is or was a director or officer of the Company or, while serving as a director or officer of the Company, is or was serving at the request of the Company as a director, officer, trustee, employee or agent of another entity (a “Covered Person”), to the fullest extent permitted by the DGCL, against all expenses, liability and loss reasonably incurred or suffered by such Covered Person in connection therewith; provided, however, that the Company shall indemnify any such Covered Person seeking indemnification in connection with a Proceeding (or part thereof) initiated by such Covered Person only if such Proceeding (or part thereof) was authorized by the Board of Directors of the Company. The Company is expected to enter into indemnity agreements with its directors and officers consistent with the foregoing.

 

The Company’s amended and restated bylaws will also provide that, to the fullest extent permitted by the DGCL, each Covered Person shall have the right to be paid by the Company the expenses (including reasonable attorneys’ fees) incurred in connection with any Proceeding in advance of its final disposition; provided, that if the DGCL requires, the payment of such expenses incurred by a director or officer in his or her capacity as a director or officer shall be made only upon delivery to the Company of an undertaking by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right of appeal that such director or officer is not entitled to be indemnified for such expenses.

 

Section 145 of the DGCL and the amended and restated bylaws also provide that the indemnification provided for therein shall not be deemed exclusive of any other rights to which those seeking indemnification may otherwise be entitled.

 

Section 102(b)(7) of the DGCL provides that a Delaware corporation’s certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that such provision shall not eliminate or limit the liability of a director: (i) for any breach of the director’s duty of loyalty to the corporation or its stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; (iii) certain unlawful share purchases, redemptions, or dividends; or (iv) for any transaction from which the director derived an improper personal benefit. The Company’s amended and certificate of incorporation provides that a director of the Company shall not be personally liable either to the Company or to any of its stockholders for monetary damages for breach of fiduciary duty as a director, to the fullest extent permitted by the DGCL.

 

 

 

 

The foregoing description of certain provisions of the Company’s amended and restated certificate of incorporation and amended and restated bylaws does not purport to be complete, and is subject to, and qualified in its entirety by, the Company’s amended and restated certificate of incorporation and amended and restated bylaws. 

 

Item 7. Exemption From Registration Claimed.

 

Not applicable.

 

Item 8.Exhibits.

 

Exhibit

Number

 

Description

   
4.1   Form of Amended and Restated Certificate of Incorporation of Arconic Corporation (incorporated by reference to Exhibit 3.1 to the Registrant’s registration statement on Form 10 filed on December 17, 2019)
   
4.2   Form of Amended and Restated Bylaws of Arconic Corporation (incorporated by reference to Exhibit 3.2 to the Registrant’s registration statement on Form 10 filed on December 17, 2019)
   
4.3   Form of Arconic Corporation 2020 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to Amendment No. 2 to the Registrant’s registration statement on Form 10 filed on February 7, 2020)
   
23.1   Consent of PricewaterhouseCoopers LLP
   
24.1   Power of Attorney
     
99.1   Consent to be Named of William F. Austen
     
99.2   Consent to be Named of Margaret S. Billson
     
99.3   Consent to be Named of Austin G. Camporin
     
99.4   Consent to be Named of Jacques Croisetiere
     
99.5   Consent to be Named of Elmer L. Doty
     
99.6   Consent to be Named of Carol S. Eicher
     
99.7   Consent to be Named of Frederick A. Henderson
     
99.8   Consent to be Named of E. Stanley O’Neal
     
99.9   Consent to be Named of Jeffrey Stafeil

 

Pursuant to the instruction to Item 8 to Form S-8, no opinion of counsel as to the legality of the shares of Common Stock registered with respect to the Plans are furnished because no original issuance securities are being registered.

 

On March 31, 2020, the Company filed a letter with the Internal Revenue Service requesting that the Internal Revenue Service determine that the Plans are qualified under Section 401 of the Internal Revenue Code of 1986, as amended. The Company will make all changes required by the Internal Revenue Service in order to obtain and maintain the qualification of the Plans.

 

 

 

 

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;

 

(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. 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% 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;

 

providedhowever, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in 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 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 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 the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 

 

 

 

(i)       Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

 

(ii)      Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 

(iii)     The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

 

(iv)     Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

(b) The registrant hereby undertakes 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 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 Securities Act of 1933 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 Commission such indemnification is against public policy as expressed in the Securities Act of 1933 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 Securities Act of 1933 and will be governed by the final adjudication of such issue.

 

 

 

 

SIGNATURES

 

The Registrant. Pursuant to the requirements of the Securities Act, 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 Pittsburgh, State of Pennsylvania, on March 31, 2020.

 

  ARCONIC ROLLED PRODUCTS CORPORATION  
       
  By:

/s/ Timothy D. Myers

 
    Timothy D. Myers  
    President and Chief Executive Officer  

 

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

 

         

Signature

 

Title

 

Date

     

/s/ Timothy D. Myers

  Director, President and Chief Executive Officer   March 31, 2020
Timothy D. Myers   (Principal Executive Officer)  
     

/s/ Erick R. Asmussen

Erick R. Asmussen

  Executive Vice President and Chief Financial Officer   March 31, 2020
  (Principal Financial Officer)  
     

/s/ Mary E. Zik

Mary E. Zik

  Controller   March 31, 2020
  (Principal Accounting Officer)  

 

 

Christopher L. Ayers, as a Director, on March 31, 2020, by Mary E. Zik, his attorney-in-fact.

 

/s/ Mary E. Zik

 

Mary E. Zik

Attorney-in-fact

 

 

 

 

 

The Plans. Pursuant to the requirements of the Securities Act, the trustees (or other persons who administer the Plans) have duly caused this Registration Statement to be signed on their behalf by the undersigned, thereunto duly authorized, in the City of Pittsburgh, State of Pennsylvania, on March 31, 2020.

 

Arconic Corp. Hourly 401(k) Plan

 

Arconic Corp. Salaried 401(k) Plan

 

  By:

/s/ Diana C. Toman

    Diana C. Toman
   

Member, Arconic Rolled Products

Corporation Benefits Management

Committee

 

  By:

/s/ Melissa M. Miller

    Melissa M. Miller
   

Member, Arconic Rolled Products

Corporation Benefits Management

Committee

 

  By:

/s/ Marcelo Morgueta

    Marcelo Morgueta
   

Member, Arconic Rolled Products

Corporation Benefits Management

Committee