As filed with the Securities and Exchange Commission on August 10, 2001
Registration No. __________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________
NORTHROP GRUMMAN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
___________________
Delaware 95-4840775
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1840 Century Park East
Los Angeles, California 90067
(Address, Including Zip Code, of Principal Executive Offices)
___________________
NORTHROP GRUMMAN CORPORATION 2001 LONG-TERM INCENTIVE STOCK PLAN
(Full Title of the Plan)
___________________
John H. Mullan, Esq.
Corporate Vice President, Secretary and Associate General Counsel
Northrop Grumman Corporation
1840 Century Park East
Los Angeles, California 90067
(310) 553-6262
(Name, Address and Telephone Number, Including Area Code, of Agent For
Service)
___________________
CALCULATION OF REGISTRATION FEE
Proposed Proposed
Maximum Maximum
Title Of Amount Offering Aggregate Amount Of
Securities To Be Price Offering Registration
To Be Registered Per Unit Price Fee
Registered
Common Stock, 8,000,000 $80.285(3) $642,280,000(3) $160,570(3)
par value shares(1)(2)
$1.00 per
share (1)(2)
Each share of Common Stock, par value $1.00 per
share, of Northrop Grumman Corporation (the "Company") is
accompanied by a preferred share purchase right ("Right") issuable
pursuant to the Company's Rights Agreement dated January 31, 2001.
This Registration Statement covers, in addition
to the number of shares of Common Stock stated above, options and
other rights to purchase or acquire the shares of Common Stock
covered by the Prospectus and, pursuant to Rule 416(c) under the
Securities Act of 1933, as amended (the "Securities Act"), an
additional indeterminate number of shares, options and rights
which by reason of certain events specified in the Northrop
Grumman Corporation 2001 Long-Term Incentive Stock Plan (the
"Plan"), may become subject to the Plan.
Pursuant to Rule 457(h), the maximum offering
price, per share and in the aggregate, and the registration fee
were calculated based upon the average of the high and low prices
of the Common Stock on August 7, 2001, as reported on the New York
Stock Exchange.
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part
I of Form S-8 (plan information and registrant information) will
be sent or given to employees as specified by Securities Act
Rule 428(b)(1). Such documents need not 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 Securities Act Rule 424.
These documents, which include the statement of availability
required by Item 2 of Form S-8, and the documents incorporated by
reference in this Registration Statement pursuant to Item 3 of
Form S-8 (Part II hereof), taken together, constitute a
prospectus that meets the requirements of Section 10(a) of the
Securities Act.
Page 2
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents of the Company filed with the
Commission are incorporated herein by reference:
(a) The Company's Quarterly Reports on Forms 10-Q for its
fiscal quarters ended March 31, 2001 and June 30, 2001,
filed with the Commission on May 10, 2001 and August 9,
2001, respectively;
(b) The Company's Current Report on Form 8-K filed with the
Commission on April 17, 2001, and as subsequently
amended from time to time;
(c) The description of the Company's Common Stock contained
under the caption "Description of NNG Capital Stock -
Common Stock" in the Company's Registration Statement
on Form S-4 filed with the Commission on February 1,
2001 (File No. 333-54800), and as subsequently amended
from time to time; and
(d) The description of the Rights contained in the
Company's Registration Statement on Form 8-A filed with
the Commission on March 28, 2001, and any amendment or
report filed for the purpose of updating such
description.
The following document of Northrop Grumman Systems
Corporation (formerly Northrop Grumman Corporation) ("Northrop
Systems") filed with the Commission is incorporated herein by
reference:
(a) Northrop Systems' Annual Report on Form 10-K/A for its
fiscal year ended December 31, 2000, filed with the
Commission on March 8, 2001.
All documents subsequently filed by the Company pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Securities and Exchange
Act of 1934, as amended (the "Exchange Act"), 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 a part
hereof from the date of filing of such documents. Any statement
contained herein or in a document, all or a portion of which is
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
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 amended,
to constitute a part of this Registration Statement.
Page 3
ITEM 4. DESCRIPTION OF SECURITIES
The Company's Common Stock, par value $1.00 per share (the
"Common Stock"), is registered pursuant to Section 12 of the
Exchange Act, and, therefore, the description of securities is
omitted.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Certain legal matters in connection with the Common Stock
offered hereby have been passed upon by John H. Mullan, Esq.,
1840 Century Park East, Los Angeles, California 90067. Mr.
Mullan is Corporate Vice President, Secretary and Associate
General Counsel of the Company. Mr. Mullan is compensated as an
employee of the Company, is eligible to participate in the Plan,
and is also a shareholder of the Company and the holder of
options to acquire additional shares of Common Stock. As of
August 10, 2001, Mr. Mullan beneficially owned less than one
percent of the Company's issued and outstanding Common Stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Delaware General Corporation Law (the "DGCL")
authorizes corporations to limit or eliminate the personal
liability of directors to the corporation and its stockholders
for monetary damages in connection with the breach of a
director's fiduciary duty of care. The duty of care requires
that, when acting on behalf of the corporation, directors must
exercise an informed business judgment based on all material
information reasonably available to them. Absent the limitation
authorized by the DGCL, directors could be accountable to
corporations and their stockholders for monetary damages for
conduct that does not satisfy such duty of care. Although the
DGCL does not change a director's duty of care, it enables
corporations to limit available relief to equitable remedies such
as injunction or rescission. The Registrant's certificate of
incorporation limits the liability of directors to the Registrant
or its stockholders to the fullest extent permitted by the DGCL
as in effect from time to time. Specifically, directors of the
Registrant will not be personally liable for monetary damages for
breach of a fiduciary duty as a director, except for liability
(i) for any breach of the director's duty of loyalty to the
Registrant or to its stockholders, (ii) for acts or omissions not
in good faith or which involve intentional misconduct or a
knowing violation of law, (iii) under Section 174 of the DGCL or
(iv) for any transaction from which the director derives any
improper personal benefit.
The bylaws of the Registrant provide that the Registrant
shall indemnify its officers, directors and employees to the
fullest extent permitted by the DGCL. The Registrant believes
that indemnification under its bylaws covers at least negligence
and gross negligence on the part of the indemnified parties.
The Registrant has entered into an agreement with each of
its directors and certain of its officers indemnifying them to
the fullest extent permitted by the foregoing. The Registrant
has also purchased director and officer liability insurance.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
Page 4
ITEM 8. EXHIBITS
Exhibit
Number Description of Exhibit
------- ----------------------
4.1 Northrop Grumman Corporation 2001 Long-Term
Incentive Stock Plan.
4.2 Amended and Restated Certificate of
Incorporation, as amended (incorporated by
reference to Form S-4 Registration Statement
filed February 1, 2001).
4.3 Certificate of Amendment of Certificate of
Incorporation (incorporated by reference to Form
10-Q for the quarter ended March 31, 2001).
4.4 Certificate of Amendment of Certificate of
Incorporation dated May 21, 2001 (incorporated
by reference to Form 10-Q for the quarter ended
June 30, 2001).
4.5 Form of Certificate of Designations,
Preferences and Rights of Series B Preferred
Stock of Northrop Grumman (incorporated by
reference to Form S-4 Registration Statement
filed February 1, 2001).
4.6 Restated Bylaws (incorporated by reference
to Form S-4 Registration Statement filed
February 1, 2001).
4.7 Rights Agreement dated as of January 31,
2001 between Northrop Grumman Corporation and
EquiServe Trust Company (incorporated by
reference to Form S-4 Registration Statement
filed March 27, 2001).
5. Opinion of John H. Mullan, Esq. regarding
the validity of the securities being registered.
15. Letter from Independent Accountants
Regarding Unaudited Interim Financial
Information.
23.1 Consent of Deloitte & Touche LLP.
23.2 Consent of John H. Mullan, Esq. (included in
Exhibit 5).
24. Power of Attorney (included in this
Registration Statement under "Signatures").
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:
Page 5
(i) To include any prospectus required
by Section 10(a)(3) of the Securities Act;
(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 thereof) which,
individually or in the aggregate, represent a
fundamental change in the information set forth in
this Registration Statement; and
(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 (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 periodic reports filed with or furnished to
the Commission by the registrant pursuant to Section 13 or
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, 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.
(b) The undersigned registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act,
each filing of the registrant's annual report pursuant to Section
13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to
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.
(h) Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, executive
officers and controlling persons of the registrant pursuant to
the provisions described in Item 6 above, 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 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 and will be governed by the final adjudication
of such issue.
Page 6
SIGNATURES
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 Los Angeles, State of California, on August 10, 2001.
NORTHROP GRUMMAN CORPORATION
By: /S/ JOHN H. MULLAN
---------------------------
John H. Mullan
Corporate Vice President,
Secretary and Associate General
Counsel
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below constitutes and appoints W. Burks Terry
and John H. Mullan, and each or either of them, as his or her
true and lawful attorney-in-fact and agent, with full power of
substitution and resubstitution, for him or her and in his or her
name, place, and stead, in any and all capacities, to sign any
and all amendments (including post-effective amendments, exhibits
thereto and other documents in connection therewith) to this
Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
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
connection therewith, as fully to all intents and purposes as he
or she 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 hereof.
Pursuant to the requirements of the Securities Act, this
Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.
Signature Title Date
--------- ----- ----
/S/ KENT KRESA Chairman of the Board August 10, 2001
-------------- President and
Kent Kresa Chief Executive
Officer (Principal
Executive Officer)
/S/ RICHARD B. WAUGH, JR. Corporate Vice July 27, 2001
------------------------- President and Chief
Richard B. Waugh, Jr. Financial Officer
(Principal Financial
Officer)
Page 7
/S/ SANDRA J. WRIGHT Vice President and August 10, 2001
-------------------- Controller (Principal
Sandra J. Wright Accounting Officer)
/S/ JOHN T. CHAIN, JR. Director July 19, 2001
---------------------
John T. Chain, Jr.
/S/ LEWIS W. COLEMAN Director August 10, 2001
---------------------
Lewis W. Coleman
/S/ VIC FAZIO Director August 10, 2001
---------------------
Vic Fazio
/S/ PHILLIP FROST Director August 10, 2001
-----------------
Phillip Frost
/S/ CHARLES R. LARSON Director August 10, 2001
---------------------
Charles R. Larson
/S/ ROBERT A. LUTZ Director August 10, 2001
-----------------
Robert A. Lutz
Director
-----------------
Aulana L. Peters
/S/ JOHN BROOKS SLAUGHTER Director August 10, 2001
------------------------
John Brooks Slaughter
/S/ RONALD SUGAR Director and August 10, 2001
----------------- Corporate Vice
Ronald Sugar President