As filed with
the Securities and Exchange Commission on March 11, 2021
Registration No. 333-
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
HILL-ROM HOLDINGS, INC.
(Exact name of registrant as specified in
its charter)
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Indiana
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35-1160484
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(State or other jurisdiction of incorporation
or organization)
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(I.R.S. Employer Identification No.)
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130 E. Randolph St. Suite 1000
Chicago, IL
(Address of Principal Executive Offices)
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60601
(Zip Code)
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HILL-ROM HOLDINGS, INC. 2021 STOCK INCENTIVE
PLAN
(Full title of the plan)
Deborah M. Rasin
Chief Legal Officer and Corporate Secretary
130 E. Randolph St. Suite 1000
Chicago, IL, 60601
(Name and address of agent for service)
(312) 819-7200
(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. See the definitions of “large accelerated filer,” “accelerated
filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of
the Exchange Act.
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Large accelerated filer
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x
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Accelerated filer
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¨
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Non-accelerated filer
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¨
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Smaller Reporting Company
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¨
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Emerging Growth Company
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¨
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If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities
Act. ☐
CALCULATION
OF REGISTRATION FEE
Title of securities to
be registered
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Amount to be
registered(1)(2)
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Proposed maximum
offering price per
share(3)
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Proposed maximum
aggregate offering
price(3)
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Amount of
registration fee
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Common stock, without par value
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3,000,000
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$101.69
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$305,070,000
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$33,284
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(1)
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Represents shares of common stock, without par value (the “Common Stock”),
of Hill-Rom Holdings, Inc. (the “Registrant”) issuable pursuant to the Hill-Rom Holdings, Inc. 2021 Stock
Incentive Plan being registered hereon.
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(2)
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Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities
Act”), this Registration Statement also covers such indeterminable number of additional shares of the Registrant’s
Common Stock as may become issuable to prevent dilution in the event of stock splits, stock dividends, recapitalization or similar
transactions.
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(3)
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Estimated solely for
the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) of the Securities Act, based upon
the average of the high and low sales price per share of the Registrant’s Common Stock as reported on the New York Stock
Exchange on March 4, 2021.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS
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Item 1.
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Plan Information*
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Item 2.
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Registrant Information and Employee Plan Annual Information*
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*Information required by Part I to
be included in the Section 10(a) prospectus will be sent or given to employees as specified by Rule 428 of the Securities Act of
1933, as amended (the “Securities Act”), and 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
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Item 3.
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Incorporation of Documents by Reference.
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The following documents
previously filed by Hill-Rom Holdings, Inc. (the “Registrant” or the “Company”)
with the Securities and Exchange Commission (the “Commission”) are incorporated by reference into this
Registration Statement:
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(d)
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the description of the Company’s common stock, without par value (“Common Stock”), contained
in the Company’s registration statement on Form 8-A filed with the Commission on May 17, 1971, as updated by the description
of the Company’s Common Stock contained in Exhibit 4.8 to the Company’s 2020 Form 10-K, including any subsequently
filed amendments and reports updating such description.
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To the extent that any information contained
in any Current Report on Form 8-K, or any exhibit thereto, was furnished to, rather than filed with, the Commission,
such information or exhibit is specifically not incorporated by reference.
All reports and other documents that the
Registrant subsequently files with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), after the date of this Registration Statement and prior to
the filing of a post-effective amendment that indicates the Registrant has sold all of the securities offered under this Registration
Statement or that deregisters the distribution of all such 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 that the Registrant files such report or document.
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 of this Registration Statement to the extent that a statement contained herein or in any other subsequently
filed document that also is, or is deemed to be, incorporated by reference herein modifies or replaces such statement. Any such
statement so modified or replaced shall not be deemed, except as so modified or replaced, to constitute a part of this Registration
Statement.
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Item 4.
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Description of Securities.
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Not applicable.
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Item 5.
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Interests of Named Experts and Counsel.
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Not applicable.
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Item 6.
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Indemnification of Directors and Officers.
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Chapter 37
of the Indiana Business Corporation Law (the “IBCL”) authorizes every Indiana corporation to indemnify
its directors and officers under certain circumstances against liability incurred in connection with proceedings to which the directors
or officers are made a party by reason of their relationship to the corporation. Directors and officers may be indemnified where
they have acted in good faith and, (i) the individual reasonably believed, in the case of conduct in the individual’s capacity
with the corporation, that the conduct was in the corporation’s best interests, and in all other cases, the conduct
was at least not opposed to the corporation’s best interests; and (ii) in the case of any criminal proceeding, the individual
either had reasonable cause to believe the conduct was lawful or had no reasonable cause to believe the conduct was unlawful.
Chapter 37
also requires every Indiana corporation to indemnify its directors or officers (unless
limited by the articles of incorporation of the corporation) who were wholly successful, on the merits or otherwise, in the defense
of any such proceeding against reasonable expenses incurred in connection with the proceeding. A corporation may also, under certain
circumstances, pay for or reimburse the reasonable expenses incurred by a director or officer who is a party to a proceeding in
advance of final disposition of the proceeding. Chapter 37 states that the indemnification provided for therein is not exclusive
of any other rights to which a person may be entitled under the corporation’s articles of incorporation, bylaws or resolutions
of the board of directors or shareholders.
The Registrant’s
Restated and Amended Articles of Incorporation and Amended and Restated Code of By-laws generally obligate the Registrant to indemnify
its directors and officers to the full extent permitted by the IBCL and to advance expenses incurred by its directors and officers
in the defense of certain claims.
The
Registrant has entered into indemnification agreements with its directors and certain of its officers. Generally, these
indemnification agreements will obligate the Registrant to indemnify each director and each such officer to the full extent
permitted by the laws of the State of Indiana. Indemnification will be required against judgments, fines, amounts paid in
settlement and expenses, including attorneys’ fees, actually and reasonably incurred in connection with the
investigation, defense, settlement or appeal of a proceeding made against the director or officer by reason of his or her
service in such role for the Registrant. Indemnification is not available in certain circumstances, including where a court
determines that the director or officer derived an improper personal benefit, where a court determines that indemnification
is not lawful under any applicable statute or public policy or in connection with any proceeding initiated by the officer or
director against the Registrant or its directors, officers or employees, unless required by law, authorized by the
Registrant’s board of directors or related to enforcement of the indemnification agreement.
The Registrant
also maintains policies that insure its directors and officers and those of its subsidiaries against certain liabilities they may
incur in their capacity as directors and officers. Under these policies, the insurer, on the Registrant’s behalf, may also
pay amounts for which the Registrant has granted indemnification to the directors or officers.
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Item 7.
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Exemption from Registration Claimed.
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Not applicable.
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(a)
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The undersigned registrant hereby undertakes:
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(1)
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To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
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(i)
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To include any prospectus required by Section 10(a)(3) of the Securities Act;
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(ii)
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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 20% change in the maximum aggregate
offering price set forth in the “Calculation of Registration Fee” table in the effective Registration Statement; and
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(iii)
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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;
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provided, however, that paragraphs
(a)(1)(i) and (a)(1)(ii) above 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 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 the
Registration Statement.
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(2)
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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.
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(3)
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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.
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(b)
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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 Section 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 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.
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(c)
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Insofar as indemnification for liabilities arising under the Securities Act 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 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.
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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 Chicago, State of Illinois, on the 11th day of March, 2021.
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HILL-ROM HOLDINGS, INC.
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(Registrant)
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By:
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/s/ Deborah M. Rasin
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Name:
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Deborah M. Rasin
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Title:
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Senior Vice President, Chief Legal Officer and Secretary
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POWER OF ATTORNEY
Each of the undersigned
directors and officers of Hill-Rom Holdings, Inc., an Indiana corporation, do hereby constitute and appoint John P. Groetelaars,
Barbara W. Bodem, and Richard M. Wagner, or any one of them, the undersigned’s true and lawful attorneys and agents, with
full power of substitution and resubstitution in each, to do any and all acts and things in our name and on our behalf in our respective
capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated
below, which said attorneys and agents, or either one of them, may deem necessary or advisable to enable said corporation to comply
with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission,
in connection with this Registration Statement, including specifically, but without limitation, power and authority to sign for
us or any of us in our names in the capacities indicated below, any and all amendments (including post-effective amendments) hereto,
and each of the undersigned does hereby ratify and confirm all that said attorneys and agents, or either one of them or any substitute,
shall do or cause to be done by virtue hereof. This Power of Attorney may be executed in any number of counterparts.
Pursuant to the
requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons
in the capacities indicated on March 11, 2021.
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Signature
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Title
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/s/ John P. Groetelaars
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President and Chief Executive Officer and Director
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John P. Groetelaars
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(Principal Executive Officer)
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/s/ Barbara W. Bodem
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Senior Vice President and Chief Financial Officer
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Barbara W. Bodem
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(Principal Financial Officer)
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/s/ Richard M. Wagner
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Vice President, Controller and Chief Accounting Officer
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Richard M. Wagner
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(Principal Accounting Officer)
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/s/ William G. Dempsey
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Chair of the Board
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William G. Dempsey
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/s/ Stacy Enxing Seng
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Director
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Stacy Enxing Seng
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/s/ Gary L. Ellis
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Director
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Gary L. Ellis
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/s/ Mary Garrett
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Director
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Mary Garrett
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/s/ James R. Giertz
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Director
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James R. Giertz
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/s/ William H. Kucheman
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Director
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William H. Kucheman
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/s/ Felicia F. Norwood
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Director
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Felicia F. Norwood
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/s/ Gregory J. Moore
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Director
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Gregory J. Moore
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/s/ Nancy M. Schlichting
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Director
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Nancy M. Schlichting
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Exhibit 5.1
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11 S. Meridian Street
Indianapolis, IN 46204-3535 U.S.A.
317-236-1313
317-231-7433 (Fax)
www.btlaw.com
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March 11, 2021
Hill-Rom Holdings, Inc.
130 E. Randolph Street, Suite 1000
Chicago, Illinois 60601
Ladies and Gentlemen:
You have requested our
opinion in connection with the Registration Statement on Form S-8 (the “Registration Statement”) to be filed
by Hill-Rom Holdings, Inc., an Indiana corporation (the “Company”), with the Securities and Exchange Commission
(the “Commission”), relating to the registration of 3,000,000 shares of the common stock, without par value,
of the Company (the “Common Stock”) which may be issued from time to time under the Company’s 2021 Stock
Incentive Plan (as may be amended from time to time, the “Plan”). This opinion letter is being furnished in
connection with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933, as amended (the “Act”).
In rendering the opinions
set forth below, we have examined and relied upon copies, certified or otherwise identified to our satisfaction, of such documents
and records of the Company and such statutes, regulations, and other instruments as we deemed necessary or advisable for purposes
of the opinions expressed herein, including (i) the Registration Statement, (ii) certain resolutions adopted by the Board of Directors
of the Company, (iii) the Plan, and (iv) such other certificates, instruments, and documents as we have considered necessary for
purposes of this opinion letter. As to certain matters of fact material to our opinions, we have relied, to the extent that we
deem such reliance proper, upon certificates of public officials and officers or other representatives of the Company, and we
have not otherwise independently investigated or verified such facts. We are opining herein as to the Indiana Business Corporation
Law, and we express no opinion with respect to any other laws.
In connection with rendering
the opinions set forth herein, we have assumed (i) that all information contained in all documents reviewed by us is true and
correct; (ii) that all signatures on all documents examined by us are genuine; (iii) that all documents submitted to us as originals
are authentic and all documents submitted to us as copies conform to the originals of those documents; (iv) the legal capacity
of all natural persons; and (v) the authority of all persons signing all documents submitted to us on behalf of the parties to
such documents.
Based upon the foregoing,
and subject to the assumptions, qualifications, limitations, and exceptions set forth herein, we are of the opinion that, when
the shares of Common Stock are issued by the Company in accordance with the terms of the Plan and any applicable instruments executed
pursuant to the Plan governing the awards to which any shares of Common Stock relate, as described in the Registration Statement,
such shares of Common Stock will be validly issued, fully paid, and non-assessable.
Atlanta California Chicago
Delaware Indiana Michigan Minneapolis New York Ohio Raleigh Texas Utah Washington, D.C.
Hill-Rom Holdings, Inc.
Page 2 of 2
March 11, 2021
We express no opinion
herein other than as expressly stated above. We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration
Statement and to being named in the Registration Statement. However, in giving such consent, we do not thereby admit that we are
in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission
thereunder.
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Very Truly Yours,
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/s/ BARNES & THORNBURG LLP
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BARNES & THORNBURG LLP