KORN FERRY — Regulatory Filings 2009

Apr 17, 2009

S-8 1 v52055sv8.htm FORM S-8 sv8 PAGEBREAK

Table of Contents

As filed with the Securities and Exchange Commission on April 17, 2009 Registration No. 333-

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

KORN/FERRY INTERNATIONAL

(Exact name of Registrant as Specified in Its Charter)

Delaware (State or Other Jurisdiction of Incorporation or Organization) 95-2623879 (I.R.S. Employer Identification No.)

1900 Avenue of the Stars, Suite 2600 Los Angeles, California 90067 (Address, including Zip Code, of Registrant’s Principal Executive Offices)

KORN/FERRY INTERNATIONAL 2008 STOCK INCENTIVE PLAN

(Full Title of Plan)

Gary D. Burnison 1900 Avenue of the Stars, Suite 2600 Los Angeles, California 90067 (310) 552-1834 (Name, address, zip code, and telephone number, including area code, of agent for service)

Copy to: Bruce D. Meyer, Esq. Gibson, Dunn & Crutcher LLP 333 South Grand Avenue Los Angeles, California 90071

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 þ Accelerated filer o Non-accelerated filer o (Do not check if a smaller reporting company) Smaller reporting company o

CALCULATION OF REGISTRATION FEE

		Maximum	Maximum
	Amount	Offering	Aggregate		Amount of
Title of Securities	to be	Price Per	Offering		Registration
to be Registered	Registered	Share	Price		Fee
Common stock, par value $0.01	2,500,000	(1)	$9.78(2)	$24,450,000.00	(2)	$1,364.31

| (1) | 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
common stock of the Registrant as may become issuable to prevent dilution in the event of stock
splits, stock dividends or similar transactions pursuant to the terms of the Korn/Ferry
International 2008 Stock Incentive Plan. |
| --- | --- |
| (2) | 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 prices of the
common stock of the Registrant on the New York Stock Exchange on
April 9, 2009. |

Folio /Folio

PAGEBREAK

TOC

TABLE OF CONTENTS

PART I
Item 1. Plan Information.
Item 2. Registrant Information and Employee Plan Annual Information.
PART II
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
EX-5.1
EX-23.1
EX-99.1

/TOC

Table of Contents

INTRODUCTORY STATEMENT

This Registration Statement on Form S-8 is filed by Korn/Ferry International, a Delaware corporation (the “Registrant”), relating to 2,500,000 shares of its common stock, par value $0.01 per share, issuable to eligible persons under the Korn/Ferry International 2008 Stock Incentive Plan (the “Plan”).

link1 "PART I"

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

link2 "Item 1. Plan Information."

Item 1. Plan Information.

Not filed as part of this Registration Statement pursuant to the Note to Part I of Form S-8.

link2 "Item 2. Registrant Information and Employee Plan Annual Information."

Item 2. Registrant Information and Employee Plan Annual Information.

Not filed as part of this Registration Statement pursuant to the Note to Part I of Form S-8.

link1 "PART II"

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

link2 "Item 3. Incorporation of Documents by Reference."

Item 3. Incorporation of Documents by Reference.

The following documents filed by the Registrant with the Securities and Exchange Commission (the “Commission”) are incorporated by reference, as of their respective dates, in this Registration Statement:

| a) | the Registrant’s Annual Report on Form 10-K for the fiscal year ended April 30, 2008,
filed with the Commission on June 30, 2008; |
| --- | --- |
| b) | the Registrant’s Quarterly Reports on Form 10-Q for the quarterly period ended July 31,
2008, October 31, 2008 and January 31, 2009, filed with the Commission on September 9,
2008, December 10, 2008 and March 12, 2009, respectively; |
| c) | the Registrant’s Current Reports on Form 8-K filed with
the Commission on May 2, 2008, July 14, 2008,
September 26, 2008, October 15, 2008, March 6, 2009 and March 17, 2009; and |
| d) | the description of the Registrant’s common stock contained in the Registration
Statement filed with the Commission on November 3, 2000 on Form S-3 pursuant to Section 12
of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), including any
amendment or report filed for the purpose of updating such description. |

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of 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.

Folio 2 /Folio

PAGEBREAK

Table of Contents

For purposes of this Registration Statement, any document or 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.

link2 "Item 4. Description of Securities."

Item 4. Description of Securities.

Not applicable.

link2 "Item 5. Interests of Named Experts and Counsel."

Item 5. Interests of Named Experts and Counsel.

Not applicable.

link2 "Item 6. Indemnification of Directors and Officers."

Item 6. Indemnification of Directors and Officers.

Under Section 145 of the Delaware General Corporation Law (the “Delaware Law”), the Registrant has broad powers to indemnify its directors and officers against liabilities they may incur in such capacities, including liabilities under the Securities Act.

The Registrant’s Certificate of Incorporation and Amended and Restated Bylaws include provisions to (i) eliminate the personal liability of its directors and officers for monetary damages resulting from breaches of their fiduciary duty to the extent permitted by Section 102(b)(7) of the Delaware Law and (ii) require the Registrant to indemnify its directors and officers to the fullest extent permitted by Section 145 of the Delaware Law, including circumstances in which indemnification is otherwise discretionary. Pursuant to Section 145 of the Delaware Law, a corporation generally has the power to indemnify its present and former directors, officers, employees and agents against expenses (including attorney fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such persons in connection with any action, suit or proceeding to which any such person is or is threatened to be made a party by reason of such person serving in such positions so long as they acted in good faith and in a manner the person reasonably believed to be in, or not opposed to, the best interests of the corporation and with respect to any criminal action or proceeding, the person had no reasonable cause to believe their conduct was unlawful. These provisions do not eliminate the directors’ duty of care, and, in appropriate circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware Law. In addition, each director will continue to be subject to liability for breach of the director’s duty of loyalty to the Registrant, for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for acts or omissions that the director believes to be contrary to the best interests of the Registrant or its stockholders, for any transaction from which the director derived an improper personal benefit, for acts or omissions involving a reckless disregard for the director’s duty to the Registrant or its stockholders when the director was aware or should have been aware of a risk of serious injury to the Registrant or its stockholders, for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the director’s duty to the Registrant or its stockholders, for improper transactions between the director and the Registrant and for improper distributions to stockholders and loans to directors and officers. The provision also does not affect a director’s responsibilities under any other law, such as the federal securities law or state or federal environmental laws.

Folio 3 /Folio

PAGEBREAK

Table of Contents

The Registrant has also entered into an indemnification agreement with each of its directors and executive officers and has obtained an insurance policy covering its directors and officers with respect to certain liabilities (including, without limitation, liabilities arising under the Securities Act).

link2 "Item 7. Exemption from Registration Claimed."

Item 7. Exemption from Registration Claimed.

Not Applicable.

link2 "Item 8. Exhibits."

Item 8. Exhibits.

Exhibit
Number	Description of Exhibit
4.1	Certificate of Incorporation of the Registrant, filed as Exhibit 3.1 to the Registrant’s
Quarterly Report on Form 10-Q, filed December 15, 1999, and incorporated herein by
reference.
4.2	Amended and Restated Bylaws of the Registrant, filed as Exhibit 3.3 to the Registrant’s
Annual Report on Form 10-K, filed July 29, 2002, and incorporated herein by reference.
4.3	Form of Common Stock Certificate of the Registrant, filed as Exhibit 4.1 to the
Registrant’s Registration Statement on Form S-3 (No. 333-49286), filed November 3, 2000, and
incorporated herein by reference.
5.1*	Opinion of Gibson, Dunn & Crutcher LLP.
23.1*	Consent of Ernst & Young LLP.
23.2*	Consent of Counsel (included in Exhibit 5.1).
24*	Power of Attorney (included on signature page).
99.1*	Korn/Ferry International 2008 Stock Incentive Plan.

• Filed herewith.

link2 "Item 9. Undertakings."

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 the

Folio 4 /Folio

PAGEBREAK

Table of Contents

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 percent 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 this registration statement or any material change to such information in this registration statement;

Provided, however , That:

(A) the undertakings set forth in 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; and

(B) the undertakings set forth in paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) 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, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of 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.

(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 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 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 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 Securities and Exchange 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 Act of 1933 and will be governed by the final adjudication of such issue.

Folio 5 /Folio

PAGEBREAK

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant, Korn/Ferry International, 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 this 13th day of April, 2009.

KORN/FERRY INTERNATIONAL
By:	/s/ Gary D. Burnison
	Gary D. Burnison
	Chief Executive Officer and Director

We, the undersigned officers and directors of Korn/Ferry International, do hereby constitute and appoint Peter L. Dunn and Gary D. Burnison, and each of them, our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for each of us and in each of our names, places and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange 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 or necessary or desirable to be done in and about the premises, as fully to all intents and purposes as each of us might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents, or any of them, or his/her substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Paul C. Reilly Paul C. Reilly	Chairman of the Board	April 13, 2009
/s/ Gary D. Burnison Gary D. Burnison	Chief Executive Officer and Director	April 13, 2009
/s/ James E. Barlett James E. Barlett	Director	April 13, 2009
/s/ Patti S. Hart Patti S. Hart	Director	April 13, 2009
/s/ Edward D. Miller Edward D. Miller	Director	April 13, 2009

Folio 6 /Folio

PAGEBREAK

Table of Contents

Signature	Title	Date
/s/ Debra Perry Debra Perry	Director	April 13, 2009
/s/ Ihno Schneevoigt Ihno Schneevoigt	Director	April 13, 2009
/s/ Gerhard Schulmeyer Gerhard Schulmeyer	Director	April 13, 2009
/s/ Kenneth Whipple Kenneth Whipple	Director	April 13, 2009
/s/ Harry L. You Harry L. You	Director	April 13, 2009

Folio 7 /Folio

PAGEBREAK

Table of Contents

EXHIBIT INDEX

Exhibit
Number	Description of Exhibit
4.1	Certificate of Incorporation of the Registrant, filed as Exhibit 3.1 to the Registrant’s
Quarterly Report on Form 10-Q, filed December 15, 1999, and incorporated herein by
reference.
4.2	Amended and Restated Bylaws of the Registrant, filed as Exhibit 3.3 to the Registrant’s
Annual Report on Form 10-K, filed July 29, 2002, and incorporated herein by reference.
4.3	Form of Common Stock Certificate of the Registrant, filed as Exhibit 4.1 to the
Registrant’s Registration Statement on Form S-3 (No. 333-49286), filed November 3, 2000, and
incorporated herein by reference.
5.1*	Opinion of Gibson, Dunn & Crutcher LLP.
23.1*	Consent of Ernst & Young LLP.
23.2*	Consent of Counsel (included in Exhibit 5.1).
24*	Power of Attorney (included on signature page).
99.1*	Korn/Ferry International 2008 Stock Incentive Plan.

• Filed herewith.

Folio 8 /Folio