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AbbVie Inc. — Regulatory Filings 2012
Dec 19, 2012
29755_rf_2012-12-19_52320eff-ace9-49a5-a60e-05621f0eddbc.zip
Regulatory Filings
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Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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AbbVie Inc. (Exact name of registrant as specified in its charter)
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Delaware (State or other jurisdiction of incorporation or organization) 32-0375147 (I.R.S. Employer Identification No.)
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1 North Waukegan Road North Chicago, Illinois 60064 (Address, including zip code, and telephone number, including area code, of principal executive offices)
ABBVIE DEFERRED COMPENSATION PLAN (Full title of the plan)
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Laura J. Schumacher, Esq. Executive Vice President, Business Development and External Affairs and General Counsel 1 North Waukegan Road North Chicago, Illinois 60064 (Name and address of agent for service)
Telephone number, including area code, of agent for service: (847) 932-7900
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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 definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
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Large accelerated filer o Accelerated filer o Non-accelerated filer ý (Do not check if a smaller reporting company) Smaller reporting company o
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CALCULATION OF REGISTRATION FEE
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| Title of securities to be registered | Amount to be registered | Proposed maximum offering price per share(1) | Proposed maximum aggregate offering price(1) | Amount of registration fee(1) |
|---|---|---|---|---|
| Deferred Obligations | $60,000,000 | N/A | $60,000,000 | $8,184 |
end of user-specified TAGGED TABLE (1) The deferred obligations are unsecured obligations of AbbVie Inc. to pay deferred compensation in the future pursuant to the terms of the AbbVie Deferred Compensation Plan (the "Plan"). The Plan will become effective on the date of the distribution of all the outstanding shares of AbbVie Inc.'s common stock, par value $0.01 per share, by Abbott Laboratories to shareholders of Abbott Laboratories.
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EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed for the purpose of registering AbbVie's unsecured obligation to pay deferred compensation in the future pursuant to the terms of the AbbVie Deferred Compensation Plan.
PART I
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(b)(1) under the Securities Act, and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I have been or will be delivered to the participants in the Plan as required by Rule 428(b).
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, which have been filed by the Registrant with the Securities and Exchange Commission, referred to as the Commission, are incorporated herein by reference:
All documents filed by the Registrant with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act 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), 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 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 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.
The AbbVie Deferred Compensation Plan (the "Plan") provides designated AbbVie employees ("Participants") with an opportunity to defer a portion of their compensation and accumulate tax-deferred earnings thereon. A brief description of certain aspects of the Plan follows (this summary
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is qualified in its entirety by reference to the full text of the Plan, which is incorporated by reference into this registration statement):
The Plan allows a Participant to defer a portion of his or her pre-tax salary and bonus. The amount deferred will be credited to that Participant's account and adjusted to reflect investment results of reference investments selected by the Participant from among alternatives provided by AbbVie. Deferrals are eligible for partial matching contributions by Abbott.
Subject to applicable tax rules, at the Participant's election benefits from the Plan may be distributed to the Participant in a lump sum during employment, in a lump sum or periodic installments over five, 10, or 15 years after retirement, and/or in certain limited circumstances due to hardship. Additionally, benefits may become distributable to the Participant or his or her beneficiary, estate, or alternative payee upon termination of employment, death, disability or pursuant to a domestic relations order.
Each Participant is an unsecured general creditor of AbbVie with respect to his or her own Plan benefits. Benefits are payable solely from AbbVie's general assets and are subject to the risk of corporate insolvency. Each Participant's deferred compensation will be mingled with the general funds of AbbVie and may therefore be subject to the rights of other creditors, including any lien or security interest.
AbbVie reserves the right to amend or partially or completely terminate the Plan, provided that such amendment or termination does not result in any reduction of a Participant's account balance, including previous earnings or losses, as of the date of such amendment or termination. Termination of the Plan in its entirety must be consistent with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended.
AbbVie has appointed the AbbVie Employee Benefit Board of Review (the "Board of Review") to assist in administering the Plan. The Board of Review has the right to interpret the Plan and resolve all other matters that might arise under the terms and conditions of the Plan. Its decisions are final and binding on all Participants.
Abbott Laboratories ("Abbott") expects on January 1, 2013 to complete the pro rata distribution to Abbott's shareholders of all of the outstanding shares of common stock of AbbVie, which has been formed in connection with the separation of Abbott into two publicly-traded companies, one with its diversified medical products businesses and the other with its research-based pharmaceuticals business. On or prior to the effective date of the distribution, Abbott and AbbVie expect to enter into an Employee Matters Agreement, which will provide that deferred compensation accounts of AbbVie's U.S. employees will be transferred from the Abbott Deferred Compensation Plan to the Plan in connection with the separation and distribution.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Registrant is incorporated under the laws of the State of Delaware.
Delaware law provides that directors of a corporation will not be personally liable to the corporation or its stockholders for monetary damages for breach of their fiduciary duties as directors, except for liability:
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The limitation of liability does not apply to liabilities arising under the federal or state securities laws and does not affect the availability of equitable remedies, such as injunctive relief or rescission.
The Registrant's amended and restated certificate of incorporation and by-laws include provisions that indemnify, to the fullest extent allowable under the DGCL, the personal liability of directors or officers for monetary damages for actions taken as a director or officer of the Registrant, or for serving at the Registrant's request as a director or officer or another position at another corporation or enterprise, as the case may be. The Registrant's amended and restated certificate of incorporation and by-laws also provide that the Registrant must indemnify and advance reasonable expenses to its directors and officers, subject to its receipt of an undertaking from the indemnified party as may be required under the DGCL. The Registrant's amended and restated certificate of incorporation expressly authorizes the Registrant to carry directors' and officers' insurance to protect it, its directors, officers and certain employees for some liabilities.
The foregoing is only a general summary of certain aspects of Delaware law and the Registrant's certificate of incorporation and by-laws dealing with indemnification of directors and officers and does not purport to be complete. It is qualified in its entirety by reference to the detailed provisions of those sections of the DGCL referenced above and the certificate of incorporation and by-laws of the Registrant.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The list of exhibits is set forth under "Exhibit Index" at the end of this Registration Statement and is incorporated herein by reference.
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; (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;
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(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 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. (c) 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 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.
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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 North Chicago, Illinois, on December 19, 2012.
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| /s/ RICHARD A. GONZALEZ | |
|---|---|
| Name: | Richard A. Gonzalez |
| Title: | Chairman of the Board and Chief Executive Officer |
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POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Richard A. Gonzalez and Laura J. Schumacher, Esq., and each 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 to this Registration Statement (including all pre-effective and post-effective amendments and registration statements filed pursuant to Rule 462 under the Securities Act of 1933), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in their said capacities on December 19, 2012:
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| Signature | Title | Date |
|---|---|---|
| /s/ RICHARD A. GONZALEZ Richard A. Gonzalez | Chief Executive Officer and Chairman of the Board (Principal Executive Officer) | December 19, 2012 |
| /s/ WILLIAM J. CHASE William J. Chase | Executive Vice President, Chief Financial Officer (Principal Financial Officer) | December 19, 2012 |
| /s/ THOMAS A. HURWICH Thomas A. Hurwich | Vice President, Controller and Principal Accounting Officer | December 19, 2012 |
| /s/ THOMAS C. FREYMAN Thomas C. Freyman | Director | December 19, 2012 |
| /s/ GREG W. LINDER Greg W. Linder | Director | December 19, 2012 |
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EXHIBIT INDEX
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| Exhibit Number | Description |
|---|---|
| 4.1 | AbbVie Deferred Compensation Plan.* |
| 5.1 | Opinion of Wachtell, Lipton, Rosen & Katz.* |
| 23.1 | Consent of Deloitte & Touche LLP.* |
| 23.2 | Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.1).* |
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- Filed herewith.
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TOC_BEGIN EXPLANATORY NOTE PART I PART II
TOC_BEGIN SIGNATURES POWER OF ATTORNEY TOC_BEGIN EXHIBIT INDEX SEQ=,FILE='QUICKLINK',USER=MRATH,SEQ=,EFW="2212251",CP="ABBVIE INC.",DN="1" TOCEXISTFLAG