|
Washington, D.C. 20549
|
|
DELAWARE
|
71-0581897
|
|
(State or other jurisdiction of
incorporation or organization)
|
(I.R.S. Employer
Identification Number)
|
Large accelerated filer
|
☒
|
Accelerated filer
|
☐
|
|||
Non-accelerated filer
|
☐
|
Smaller Reporting Company
|
☐
|
Title of securities to
be registered
|
Amount to be
registered
(
1)
|
Proposed maximum
offering price per
share
|
Proposed maximum
aggregate offering
price
|
Amount of
registration
fee
(3)
|
||||||||||||
Common Stock, $0.10 par value, to be issued pursuant to outstanding awards under the terms of the Pippio, Inc. Equity Incentive Plan
(
4)
|
285,339
|
$
|
1.44
|
(2)
|
$
|
410,602
|
(2)
|
$
|
48
|
|||||||
Common Stock, $0.10 par value, to be issued pursuant to awards issuable under the terms of the Arbor Equity Compensation Plan of Acxiom Corporation
(
4)
|
232,664
|
$
|
25.44
|
(6)
|
$
|
5,918,972
|
(6)
|
$
|
686
|
|||||||
Common Stock, $0.10 par value, to be issued pursuant to outstanding awards under the terms of the Solve Media, Inc. 2009 Stock Plan
(
5)
|
73,951
|
$
|
2.29
|
(2)
|
$
|
169,348
|
(2)
|
$
|
20
|
|||||||
Common Stock, $0.10 par value, to be issued pursuant to awards issuable under the terms of the Circulate Equity Compensation Plan of Acxiom Corporation
(
5)
|
96,212
|
$
|
25.44
|
(6)
|
$
|
2,447,633
|
(6)
|
$
|
284
|
|||||||
Total
|
688,166
|
--
|
$
|
8,946,555
|
$
|
1,038
|
||||||||||
(1)
Pursuant to Rule 416 of the Securities Act of 1933, as amended ("Securities Act"), this registration statement shall also cover any additional shares of the registrant's common stock that become issuable under the
Pippio, Inc. Equity Incentive Plan (the "Pippio Plan"), the Arbor Equity Compensation Plan of Acxiom Corporation (the "Arbor Plan"), the Solve Media, Inc. 2009 Stock Plan (the"Circulate 2009 Plan") and the Circulate Equity Compensation Plan of Acxiom Corporation (the "Circulate 2016 Plan"), each
as described herein, by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the registrant's receipt of consideration that results in an increase in the number of the registrant's outstanding shares of common stock.
|
||||||||||||||||
( (2)
Estimated in accordance with paragraph (h) of Rule 457 of the Securities Act, solely for the purpose of calculating the registration fee based upon the
weighted average exercise price per share
.
|
||||||||||||||||
( (3)
The amount of the registration fee was calculated pursuant to Section 6(b) of the Securities Act, which provides that the fee shall be $0.0001159 multiplied by the maximum aggregate price
at which such securities are proposed to be offered.
|
||||||||||||||||
(4)
Pursuant to the merger agreement, dated as of November 17, 2016 (the "Arbor Merger Agreement") by and among Acxiom Corporation ("Acxiom," or the "Registrant"), Dojo Merger Sub, Inc. and Arbor Technologies, Inc., upon the closing of the transaction contemplated by the Arbor Merger Agreement on November 21, 2016 (the "Arbor Merger"), the Registrant assumed the terms of outstanding stock options under the
Pippio Plan,
subject to appropriate adjustments to the number of shares and the exercise price of each such option, resulting in stock options to purchase 285,339 shares of the Registrant's common stock assumed under the Pippio Plan. In addition, in connection with the Arbor Merger, the Registrant assumed the outstanding share reserves under the Pippio Plan, and adopted the Arbor Plan for the purposes of issuing awards in respect of such assumed share reserves, resulting in 232,664 shares of the Registrant's common stock assumed under the Arbor Plan.
|
||||||||||||||||
(5)
Pursuant to the merger agreement, dated as of November 17, 2016 (the "Circulate.com Merger Agreement") by and among the Registrant, Echo Acquisition Sub, Inc., Circulate.com, Inc. and Fortis Advisors LLC, as Stockholder Representative, upon the closing of the transaction contemplated by the Circulate.com Merger Agreement on November 29, 2016 (the "Circulate.com Merger"), the Registrant assumed the terms of outstanding stock options under the
Circulate 2009 Plan,
subject to appropriate adjustments to the number of shares and the exercise price of each such option, resulting in stock options to purchase
73,951
shares of the Registrant's common stock assumed under the Circulate 2009 Plan. In addition, in connection with the Circulate Merger, the Registrant assumed the outstanding share reserves under the Circulate 2009 Plan, and adopted the Circulate 2016 Plan for the purposes of issuing awards in respect of such assumed share reserves, resulting in
96,212
shares of the Registrant's common stock assumed under the Circulate 2016 Plan.
|
||||||||||||||||
(6)
Estimated in accordance with paragraph (c) of Rule 457 of the Securities Act, solely for the purpose of calculating the registration fee based upon $25.44,
the average of the high and low prices
of the Common Stock on December 2, 2016, as reported on the Nasdaq Global Select Market.
|
·
|
Acxiom's Annual Report on Form 10-K for the fiscal year ended March 31, 2016, filed with the Commission on May 27, 2016.
|
|
·
|
Acxiom's quarterly reports on Form 10-Q for the period ended June 30, 2016, filed with the Commission on August 5, 2016, and the period ended September 30, 2016, filed with the Commission on November 8, 2016.
|
|
·
|
Acxiom's current reports on Form 8-K, filed with the Commission on August 4, 2016, August 15, 2016 and November 23, 2016.
|
|
·
|
The description of Acxiom's common stock contained in its registration statement on Form 8-A of CCX Network, Inc. (now known as Acxiom) dated February 4, 1985, and any amendment or report filed with the Commission for the purpose of updating such description.
|
·
|
for any breach of the director
'
s duty of loyalty to the corporation or its stockholders;
|
·
|
for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
|
·
|
pursuant to Section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions); or
|
·
|
for any transaction from which the director derived an improper personal benefit.
|
Incorporated by Reference
|
||||||||
Exhibit
Number
|
Exhibit Description
|
Form
|
Filing Date/
Period
End Date
|
Filed
Herewith
|
||||
4.1
|
Amended and Restated Certificate of Incorporation of Acxiom Corporation
|
10-Q
|
6/30/1996
|
|||||
4.2
|
Amended and Restated Bylaws of Acxiom Corporation
|
8-K
|
8/20/2012
|
|||||
4.3
|
Specimen Common Stock Certificate
|
S-4
|
8/17/1998
|
|||||
5.1
|
Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation
|
X
|
||||||
10.1
|
Pippio, Inc. 2014 Equity Incentive Plan
|
X
|
||||||
10.2
|
Arbor Equity Compensation Plan of Acxiom Corporation
|
X
|
||||||
10.3
|
Solve Media, Inc. 2009 Stock Plan
|
X
|
||||||
10.4
|
Circulate Equity Compensation Plan of Acxiom Corporation
|
X
|
||||||
23.1
|
Consent of KPMG LLP, Independent Registered Public Accounting Firm.
|
X
|
||||||
23.2
|
Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1).
|
X
|
||||||
24.1
|
Power of attorney (contained on signature pages of this registration statement)
|
X
|
(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:
|
(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.
|
(b)
|
The undersigned 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 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 of 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.
|
ACXIOM CORPORATION
|
||
By:
/s/ Jerry C. Jones
Name: Jerry C. Jones
Title: Chief Ethics and Legal Officer, Executive Vice President
and Assistant Secretary
|
Incorporated by Reference
|
||||||||
Exhibit
Number
|
Exhibit Description
|
Form
|
Filing Date/
Period
End Date
|
Filed
Herewith
|
||||
4.1
|
Amended and Restated Certificate of Incorporation of Acxiom Corporation
|
10-Q
|
6/30/1996
|
|||||
4.2
|
Amended and Restated Bylaws of Acxiom Corporation
|
8-K
|
8/20/2012
|
|||||
4.3
|
Specimen Common Stock Certificate
|
S-4
|
8/17/1998
|
|||||
5.1
|
Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation
|
X
|
||||||
10.1
|
Pippio, Inc. 2014 Equity Incentive Plan
|
X
|
||||||
10.2
|
Arbor Equity Compensation Plan of Acxiom Corporation
|
X
|
||||||
10.3
|
Solve Media, Inc. 2009 Stock Plan
|
X
|
||||||
10.4
|
Circulate Equity Compensation Plan of Acxiom Corporation
|
X
|
||||||
23.1
|
Consent of KPMG LLP, Independent Registered Public Accounting Firm.
|
X
|
||||||
23.2
|
Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1).
|
X
|
||||||
24.1
|
Power of attorney (contained on signature pages of this registration statement)
|
X
|
Re: | Registration Statement on Form S-8 |
1.
|
Establishment and Purpose. In connection with the Merger, the shares of common stock of Arbor are being assumed and converted into Shares that will be available for grant and issuance under the Plan, consistent with Nasdaq Listing Rule 5635(c). This Arbor Equity Compensation Plan of Acxiom Corporation (the "Plan") was established on December 5, 2016 in connection with the Merger. The purpose of the Plan is to further the growth and development of the Company and any of its present or future Subsidiaries and Affiliated Companies (as defined below) by allowing certain Associates (as defined below) to acquire or increase equity ownership in the Company, thereby offering such Associates a proprietary interest in the Company's business and a more direct stake in its continuing welfare, and aligning their interests with those of the Company's stockholders. The Plan is also intended to assist the Company in attracting and retaining talented Associates, who are vital to the continued development and success of the Company.
|
2.
|
Definitions. The following capitalized terms, when used in the Plan, have the following meanings:
|
3.
|
Administration. The Plan shall be administered by the Committee and the Board. Except as otherwise provided herein, each of the Committee or the Board has the full authority and discretion to administer the Plan, and to take any action that is necessary or advisable in connection with the administration of the Plan including, without limitation, the authority and discretion to:
|
4.
|
Shares Subject to the Plan.
|
5.
|
Eligible Participants. Subject to compliance with Nasdaq Listing Rule 5635(c), all Associates who were not employed by the Company or its Affiliated Companies as of November 21, 2016 shall be eligible to receive Awards and thereby become Participants in the Plan, regardless of such Associate's prior participation in the Plan or any other benefit plan of the Company.
|
6.
|
Options.
|
7.
|
Stock Appreciation Rights.
|
8.
|
Restricted Stock Awards.
|
9.
|
Performance Awards.
|
10.
|
Other Stock Unit Awards. Other Awards of Shares and other Awards that are valued in whole or in part by reference to, or are otherwise based on, Shares or other property ("Other Stock Unit Awards") may be granted hereunder to Participants, either alone or in addition to other Awards granted under the Plan. Other Stock Unit Awards may be paid in Shares, cash or any other form of property as the Committee or the Board may determine. Subject to the provisions of the Plan, the Committee or the Board shall have sole and complete authority to determine the Associates to whom such Awards shall be made, the times at which such Awards shall be made, the number of Shares to be granted pursuant to such Awards, and all other terms and conditions of such Awards. The provisions of Other Stock Unit Awards need not be the same with respect to each Participant. For any Award or Shares subject to any Award made under this Section, the vesting of which is conditioned only on the passage of time, such Restriction Period shall be a minimum of two (2) years for full vesting. Shares (including securities convertible into Shares) subject to Awards granted under this Section may be issued for no cash consideration or for such minimum consideration as may be required by applicable law.
|
11.
|
Change in Control. Notwithstanding any other provision of the Plan to the contrary, the Committee or Board may determine, in their discretion, that upon the occurrence of a transaction involving a merger or consolidation of the Company, a sale of all or substantially all of its assets, the acquisition of a significant percentage of the voting power of the Company, or such other form of transaction as the Committee or Board may determine from time to time to constitute a change in control of the Company, which shall not include preliminary transaction activities such as receipt of a letter of interest, receipt of a letter of intent or an agreement in principle, that (i) Stock Options and Stock Appreciation Rights may become immediately exercisable; (ii) restrictions and deferral limitations applicable to any Restricted Stock or Restricted Stock Unit Award may become free of all restrictions and limitations and become fully vested and transferable; (iii) all Performance Awards may be considered to be prorated, and any deferral or other restriction may lapse and such Performance Awards may be immediately settled or distributed; (iv) the restrictions and deferral limitations and other conditions applicable to any Other Stock Unit Awards or any other Awards granted under the Plan may lapse and such Other Stock Unit Awards or such other Awards may become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the Award not previously forfeited or vested.
|
12.
|
Transferability of Awards.
|
13.
|
Alteration, Termination, Discontinuance, Suspension, and Amendment.
|
14.
|
Adjustment of Shares; Effect of Certain Transactions. Notwithstanding any other provision of the Plan to the contrary, in the event of any change in the shares of Common Stock subject to the Plan or to any Award (through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, issuance of rights to subscribe, or change in capital structure), appropriate adjustments or substitutions shall be made by the Committee or the Board as to the (i) maximum number of shares of Common Stock subject to the Plan, (ii) maximum number of Shares of Common Stock for which Awards may be granted to any one Associate, and (iii) the number of Shares of Common Stock and price per share subject to outstanding Awards as shall be equitable to prevent dilution or enlargement of rights under previously granted Awards. The determination of the Committee or Board as to these matters shall be conclusive.
|
15.
|
General Provisions.
|
Page | |||
SECTION 1. | ESTABLISHMENT AND PURPOSE | 1 | |
SECTION 2. | ADMINISTRATION | 1 | |
(a)
|
Committees of the Board of Directors
|
1
|
|
(b) | Authority of the Board of Directors | 1 | |
SECTION 3. | ELIGIBILITY | 1 | |
(a) | General Rule | 1 | |
(b) | Ten‑Percent Stockholders | 1 | |
SECTION 4. | STOCK SUBJECT TO PLAN | 2 | |
(a) | Basic Limitation | 2 | |
(b) | Additional Shares | 2 | |
SECTION 5. | TERMS AND CONDITIONS OF AWARDS OR SALES | 2 | |
(a) | Stock Grant or Purchase Agreement | 2 | |
(b) | Duration of Offers and Nontransferability of Rights | 2 | |
(c) | Purchase Price | 2 | |
(d) | Withholding Taxes | 2 | |
(e) | Transfer Restrictions and Forfeiture Conditions | 3 | |
SECTION 6. | TERMS AND CONDITIONS OF OPTIONS | 3 | |
(a) | Stock Option Agreement | 3 | |
(b) | Number of Shares | 3 | |
(c) | Exercise Price | 3 | |
(d) | Exercisability | 3 | |
(e) | Basic Term | 3 | |
(f) | Termination of Service (Except by Death) | 3 | |
(g) | Leaves of Absence | 4 | |
(h) | Death of Optionee | 4 | |
(i) | Post-Exercise Restrictions on Transfer of Shares | 5 | |
(j) | Pre-Exercise Restrictions on Transfer of Options or Shares | 5 | |
(k) | Withholding Taxes | 5 | |
(l) | No Rights as a Stockholder | 5 | |
(m) | Modification, Extension and Assumption of Options | 5 | |
(n) | Company's Right to Cancel Certain Options | 6 | |
SECTION 7. | PAYMENT FOR SHARES | 6 | |
(a) | General Rule | 6 | |
(b) | Services Rendered | 6 | |
(c) | Promissory Note | 6 | |
(d) | Surrender of Stock | 6 | |
(e) | Exercise/Sale | 6 | |
(f) | Other Forms of Payment | 7 | |
SECTION 8. | ADJUSTMENT OF SHARES | 7 | |
(a) | General | 7 | |
(b) | Mergers and Consolidations | 7 | |
(c) | Reservation of Rights | 7 | |
SECTION 9. | PRE-EXERCISE INFORMATION REQUIREMENT | 8 | |
(a) | Application of Requirement | 8 | |
(b) | Scope of Requirement | 8 | |
SECTION 10. | MISCELLANEOUS PROVISIONS | 8 | |
(a) | Securities Law Requirements | 8 | |
(b) | No Retention Rights | 9 | |
(c) | Treatment as Compensation | 9 | |
(d) | Governing Law | 9 | |
SECTION 11. | DURATION AND AMENDMENTS | 9 | |
(a) | Term of the Plan | 9 | |
(b) | Right to Amend or Terminate the Plan | 9 | |
(c) | Effect of Amendment or Termination | 9 | |
SECTION 12. | DEFINITIONS | 10 |
(i)
|
The expiration date determined pursuant to Subsection (e) above;
|
(ii)
|
The date three months after the termination of the Optionee's Service for any reason other than Disability, or such earlier or later date as the Board of Directors may determine (but in no event earlier than 30 days after the termination of the Optionee's Service); or
|
(iii)
|
The date six months after the termination of the Optionee's Service by reason of Disability, or such later date as the Board of Directors may determine.
|
(i)
|
The expiration date determined pursuant to Subsection (e) above; or
|
(ii)
|
The date 12 months after the Optionee's death, or such earlier or later date as the Board of Directors may determine (but in no event earlier than six months after the Optionee's death).
|
(i)
|
The continuation of such Options by the Company (if the Company is the surviving corporation).
|
(ii)
|
The assumption of such Options by the surviving corporation or its parent in a manner that complies with Section 424(a) of the Code (whether or not such Options are ISOs).
|
(iii)
|
The substitution by the surviving corporation or its parent of new options for such Options in a manner that complies with Section 424(a) of the Code (whether or not such Options are ISOs).
|
(iv)
|
The cancellation of such Options and a payment to the Optionees equal to the excess of (A) the Fair Market Value of the Shares subject to such Options as of the effective date of such merger or consolidation over (B) their Exercise Price. Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount.
|
(v)
|
The cancellation of such Options. Any exercise of such Options prior to the closing date of such merger or consolidation may be contingent on the closing of such merger or consolidation.
|
Date of Board Approval
|
Date of Stockholder Approval
|
Number of
Shares Added |
Cumulative Number of Shares
|
October 20, 2009
|
October 20, 2009
|
N/A
|
1,296,296
|
May 10, 2010
|
May 10, 2010
|
433,961
|
1,730,257
|
November 7, 2011
|
November 7, 2011
|
1,215,138
|
2,945,395
|
1.
|
Establishment and Purpose. In connection with the Merger, the shares of common stock of Circulate are being assumed and converted into Shares that will be available for grant and issuance under the Plan, consistent with Nasdaq Listing Rule 5635(c). This Circulate Equity Compensation Plan of Acxiom Corporation (the "Plan") was established on December 5, 2016 in connection with the Merger. The purpose of the Plan is to further the growth and development of the Company and any of its present or future Subsidiaries and Affiliated Companies (as defined below) by allowing certain Associates (as defined below) to acquire or increase equity ownership in the Company, thereby offering such Associates a proprietary interest in the Company's business and a more direct stake in its continuing welfare, and aligning their interests with those of the Company's stockholders. The Plan is also intended to assist the Company in attracting and retaining talented Associates, who are vital to the continued development and success of the Company.
|
2.
|
Definitions. The following capitalized terms, when used in the Plan, have the following meanings:
|
3.
|
Administration. The Plan shall be administered by the Committee and the Board. Except as otherwise provided herein, each of the Committee or the Board has the full authority and discretion to administer the Plan, and to take any action that is necessary or advisable in connection with the administration of the Plan including, without limitation, the authority and discretion to:
|
4.
|
Shares Subject to the Plan.
|
5.
|
Eligible Participants. Subject to compliance with Nasdaq Listing Rule 5635(c), all Associates who were not employed by the Company or its Affiliated Companies as of November 29, 2016 shall be eligible to receive Awards and thereby become Participants in the Plan, regardless of such Associate's prior participation in the Plan or any other benefit plan of the Company.
|
6.
|
Options.
|
7.
|
Stock Appreciation Rights.
|
8.
|
Restricted Stock Awards.
|
9.
|
Performance Awards.
|
10.
|
Other Stock Unit Awards. Other Awards of Shares and other Awards that are valued in whole or in part by reference to, or are otherwise based on, Shares or other property ("Other Stock Unit Awards") may be granted hereunder to Participants, either alone or in addition to other Awards granted under the Plan. Other Stock Unit Awards may be paid in Shares, cash or any other form of property as the Committee or the Board may determine. Subject to the provisions of the Plan, the Committee or the Board shall have sole and complete authority to determine the Associates to whom such Awards shall be made, the times at which such Awards shall be made, the number of Shares to be granted pursuant to such Awards, and all other terms and conditions of such Awards. The provisions of Other Stock Unit Awards need not be the same with respect to each Participant. For any Award or Shares subject to any Award made under this Section, the vesting of which is conditioned only on the passage of time, such Restriction Period shall be a minimum of two (2) years for full vesting. Shares (including securities convertible into Shares) subject to Awards granted under this Section may be issued for no cash consideration or for such minimum consideration as may be required by applicable law.
|
11.
|
Change in Control. Notwithstanding any other provision of the Plan to the contrary, the Committee or Board may determine, in their discretion, that upon the occurrence of a transaction involving a merger or consolidation of the Company, a sale of all or substantially all of its assets, the acquisition of a significant percentage of the voting power of the Company, or such other form of transaction as the Committee or Board may determine from time to time to constitute a change in control of the Company, which shall not include preliminary transaction activities such as receipt of a letter of interest, receipt of a letter of intent or an agreement in principle, that (i) Stock Options and Stock Appreciation Rights may become immediately exercisable; (ii) restrictions and deferral limitations applicable to any Restricted Stock or Restricted Stock Unit Award may become free of all restrictions and limitations and become fully vested and transferable; (iii) all Performance Awards may be considered to be prorated, and any deferral or other restriction may lapse and such Performance Awards may be immediately settled or distributed; (iv) the restrictions and deferral limitations and other conditions applicable to any Other Stock Unit Awards or any other Awards granted under the Plan may lapse and such Other Stock Unit Awards or such other Awards may become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the Award not previously forfeited or vested.
|
12.
|
Transferability of Awards.
|
13.
|
Alteration, Termination, Discontinuance, Suspension, and Amendment.
|
14.
|
Adjustment of Shares; Effect of Certain Transactions. Notwithstanding any other provision of the Plan to the contrary, in the event of any change in the shares of Common Stock subject to the Plan or to any Award (through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, issuance of rights to subscribe, or change in capital structure), appropriate adjustments or substitutions shall be made by the Committee or the Board as to the (i) maximum number of shares of Common Stock subject to the Plan, (ii) maximum number of Shares of Common Stock for which Awards may be granted to any one Associate, and (iii) the number of Shares of Common Stock and price per share subject to outstanding Awards as shall be equitable to prevent dilution or enlargement of rights under previously granted Awards. The determination of the Committee or Board as to these matters shall be conclusive.
|
15.
|
General Provisions.
|
Signed:
|
/s/ John L. Battelle
|
|
|
Name:
|
JOHN L. BATTELLE, Director
|
|
|
|
|
|
|
Signed:
|
/s/ Timothy R. Cadogan
|
|
|
Name:
|
TIMOTHY R. CADOGAN, Director
|
|
|
|
|
|
|
Signed:
|
/s/ William T. Dillard II
|
|
|
Name:
|
WILLIAM T. DILLARD II, Director
|
|
|
|
|
|
|
Signed:
|
/s/ Richard P. Fox
|
|
|
Name:
|
RICHARD P. FOX, Director
|
|
|
|
|
|
|
Signed:
|
/s/ Jerry D. Gramaglia
|
|
|
Name:
|
JERRY D. GRAMAGLIA, Director
(Non-Executive Chairman of the Board)
|
|
|
|
|
|
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Signed:
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/s/ William J. Henderson
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Name:
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WILLIAM J. HENDERSON, Director
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Signed:
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/s/ Scott E. Howe
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Name:
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SCOTT E. HOWE, Director and Chief Executive Officer (principal executive officer)
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Signed:
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/s/ Clark M. Kokich
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Name:
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CLARK M. KOKICH, Director
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Signed: | /s/ Debora B. Tomlin | ||
Name: | DEBORA B. TOMLIN, Director | ||
Signed: | /s/ Warren C. Jenson | ||
Name: | WARREN C. JENSON, Chief Financial Officer, Executive Vice President & President-International Division (principal financial and accounting officer) |