Registration No. 333-
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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TIME WARNER INC.
(Exact name of registrant as specified in charter)
Delaware 13-4099534
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
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ONE TIME WARNER CENTER, NEW YORK, NEW YORK 10019
(Address of principal executive offices)
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Time Warner Inc. 2006 Stock Incentive Plan
(Full Title of the Plan)
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PAUL T. CAPPUCCIO
Executive Vice President and General Counsel
Time Warner Inc.
One Time Warner Center
New York, New York 10019
(212) 484-8000
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
CALCULATION OF REGISTRATION FEE
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Title of securities to Amount to be Proposed maximum Proposed maximum Amount of
be registered registered (1) offering price per aggregate offering registration fee
share (2) price (2)
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Common Stock,
$.01 par value per share 150,000,000 $16.79 $2,518,500,000 $269,479.50
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(1) The number of shares of common stock, par value $.01 per share ("Common
Stock"), stated above consists of the aggregate number of shares that may
be issued pursuant to the Time Warner Inc. 2006 Stock Incentive Plan (the
"2006 Plan"). The maximum number of shares that may be issued pursuant to
the 2006 Plan is subject to adjustment in accordance with certain
anti-dilution and other provisions of the 2006 Plan. Accordingly, pursuant
to Rule 416 under the Securities Act of 1933, as amended (the "Securities
Act"), this Registration Statement covers, in addition to the number of
shares stated above, an indeterminate number of shares that may be issued
pursuant to the 2006 Plan after the operation of any such anti-dilution and
other provisions.
(2) Estimated solely for purposes of determining the registration fee pursuant
to the provisions of Rules 457(c) and (h) under the Securities Act based on
the average of high and low prices of the Common Stock as reported on the
New York Stock Exchange Composite Tape on September 7, 2006, which was
$16.79 per share.
EXPLANATORY NOTE
Time Warner Inc. (the "Registrant") hereby files this Registration Statement on
Form S-8 relating to its common stock, par value $.01 per share (the "Common
Stock"), issuable under the Time Warner Inc. 2006 Stock Incentive Plan, as
amended from time to time (the "2006 Plan").
This Registration Statement relates to 150,000,000 shares of the Common Stock of
the Registrant.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I will be sent or
given to participants as specified by Rule 428(b)(1) under the Securities Act of
1933, as amended (the "Securities Act"). Such documents are not being filed with
the Securities and Exchange Commission (the "Commission") either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 under the Securities Act. Such documents and the documents incorporated
by reference in this Registration Statement pursuant to Item 3 of Part II of
this Registration Statement, taken together, constitute a prospectus that meets
the requirements of Section 10(a) of the Securities Act.
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PART II
INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange Commission
by the Registrant (File No. 1-15062) pursuant to the Securities Exchange Act of
1934, as amended (the "Exchange Act") or as otherwise indicated, are hereby
incorporated by reference in this Registration Statement and shall be deemed to
be a part hereof:
(a) The Registrant's Annual Report on Form 10-K for the year ended
December 31, 2005 (filing date February 27, 2006), as amended by
Amendment No. 1 on Form 10-K/A (filing date September 13, 2006).
(b) The Registrant's Current Reports on Form 8-K dated:
January 17, 2006 (filing date January 18, 2006),
January 25, 2006 (filing date January 31, 2006),
February 15, 2006 (filing date February 22, 2006),
February 23, 2006 (filing date February 24, 2006),
March 15, 2006 (filing date March 21, 2006),
May 4, 2006 (filing date May 8, 2006),
May 19, 2006 (filing date May 23, 2006),
June 21, 2006 (filing date June 27, 2006),
July 31, 2006 (filing date August 2, 2006),
August 4, 2006 (filing date August 9, 2006), and
August 15, 2006 (filing date August 17, 2006).
(c) The Registrant's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2006 (filing date May 3, 2006), as amended by Amendment No.
1 on Form 10-Q/A (filing date September 13, 2006).
(d) The Registrant's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2006 (filing date August 2, 2006), as amended by Amendment
No. 1 on Form 10-Q/A (filing date September 13, 2006).
(e) Current Report on Form 8-K dated January 11, 2001 (filing date January
12, 2001) in which it is reported that the Common Stock of the
Registrant is deemed registered pursuant to Rule 12g-3(c) under the
Exchange Act.
All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports on
Form 8-K furnishing information pursuant to Items 2.02 and 7.01, including any
exhibits included with such information) prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated herein by reference and shall be deemed a part hereof from the date
of filing of such documents. Any statement contained in a document incorporated
or deemed to be incorporated by reference herein and to be a part hereof 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 superseded,
to constitute a part of this Registration Statement.
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Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable
Item 6. Indemnification of Directors and Officers.
Section 145(a) of the General Corporation Law of the State of Delaware
("Delaware Corporation Law") provides, in general, that a corporation shall have
the power to indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, other than an action
by or in the right of the corporation, because the person is or was a director
or officer of the corporation. Such indemnity may be against expenses, including
attorneys' fees, judgments, fines and amounts paid in settlement actually and
reasonably incurred by the person in connection with such action, suit or
proceeding, if the person 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 if, with respect to any criminal action or proceeding, the
person did not have reasonable cause to believe the person's conduct was
unlawful.
Section 145(b) of the Delaware Corporation Law provides, in general, that a
corporation shall have the power to indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or completed
action or suit by or in the right of the corporation to procure a judgment in
its favor because the person is or was a director or officer of the corporation,
against any expenses (including attorneys' fees) actually and reasonably
incurred by the person in connection with the defense or settlement of such
action or suit if the person 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, except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation unless and only to the extent that the Court of
Chancery or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to
be indemnified for such expenses which the Court of Chancery or such other court
shall deem proper.
Section 145(g) of the Delaware Corporation Law provides, in general, that a
corporation shall have the power to purchase and maintain insurance on behalf of
any person who is or was a director or officer of the corporation against any
liability asserted against the person in any such capacity, or arising out of
the person's status as such, whether or not the corporation would have the power
to indemnify the person against such liability under the provisions of Section
145 of the Delaware Corporation Law.
Article VI of the Registrant's By-laws requires indemnification to the
fullest extent permitted or required under Delaware law of any person who is or
was a director or officer of the Registrant who is or was involved or threatened
to be made so involved in any threatened, pending or completed investigation,
claim, action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that such person is or was serving as a
director, officer, employee or agent of the Registrant or is or was serving at
the request of the Registrant as a director, officer, employee or agent of any
other enterprise.
The foregoing statements are subject to the detailed provisions of Section
145 of the Delaware Corporation Law and Article VI of the By-laws of the
Registrant.
The Registrant's Directors' and Officers' Liability and Reimbursement
Insurance Policy is designed to reimburse the Registrant for payments made by it
pursuant to the foregoing indemnification.
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Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The exhibits listed on the accompanying Exhibit Index are filed or
incorporated by reference as part of this Registration Statement.
Item 9. Undertakings.
(a) The 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 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 a 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;
(iii)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;
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
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.
(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.
(6) That, for the purpose of determining liability of the Registrant
under the Securities Act of 1933 to any purchaser in the initial
distribution of the securities:
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The Registrant undertakes that in a primary offering of
securities of the Registrant pursuant to this Registration
Statement, regardless of the underwriting method used to sell the
securities to the purchaser, if the securities are offered or
sold to such purchaser by means of any of the following
communications, the Registrant will be a seller to the purchaser
and will be considered to offer or sell such securities to such
purchaser:
(i) any preliminary prospectus or prospectus of the Registrant
relating to the offering required to be filed pursuant to
Rule 424 pursuant to the Securities Act;
(ii) any free writing prospectus relating to the offering
prepared by or on behalf of the Registrant or used or
referred to by the Registrant;
(iii) the portion of any other free writing prospectus relating
to the offering containing material information about the
Registrant or its securities provided by or on behalf of the
Registrant; and
(iv) any other communication that is an offer in the offering
made by the Registrant to the purchaser.
(b) The 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
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.
(h) 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 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 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 of 1933, the
Registrant certifies that it has reasonable grounds to believe
that it meets all 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 New York, State of New York, on September 13, 2006.
TIME WARNER INC.
By: /s/ Wayne H. Pace
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Name: Wayne H. Pace
Title: Executive Vice President and
Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons on September 13, 2006 in the
capacities indicated.
Signature Title
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(i) Principal Executive Officer Director and Chairman of the
Board and Chief Executive Officer
*
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Richard D. Parsons
(ii) Principal Financial Officer Executive Vice President and
Chief Financial Officer
/s/ Wayne H. Pace
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Wayne H. Pace
(iii) Principal Accounting Officer Senior Vice President and
Controller
/s/ James W. Barge
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James W. Barge
(iv) Directors:
*
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James L. Barksdale
*
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Stephen F. Bollenbach
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(iv) Directors - continued:
*
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Frank J. Caufield
*
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Robert C. Clark
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Mathias Dopfner
*
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Jessica P. Einhorn
*
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Reuben Mark
*
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Michael A. Miles
*
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Kenneth J. Novack
*
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Francis T. Vincent, Jr.
*
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Deborah C. Wright
By:/s/ Wayne H. Pace
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Name: Wayne H. Pace
Attorney-In-Fact
* Pursuant to a Power of Attorney dated July 27, 2006.
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EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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4.1 Restated Certificate of Incorporation of the Registrant as filed with *
the Secretary of State of the State of Delaware on January 11, 2001
(incorporated herein by reference to Exhibit 3.1 to the Registrant's
Current Report on Form 8-K dated January 11, 2001 (the "January 2001
Form 8-K")).
4.2 Certificate of the Voting Powers, Designations, Preferences and *
Relative, Participating, Optional or Other Special Rights, and
Qualifications, Limitations, or Restrictions Thereof, of Series LMC
Common Stock of the Registrant as filed with the Secretary of State of
the State of Delaware on January 11, 2001 (incorporated herein by
reference to Exhibit 3.2 to the Registrant's January 2001 Form 8-K).
4.3 Certificate of the Voting Powers, Designations, Preferences and *
Relative, Participating, Optional or Other Special Rights, and
Qualifications, Limitations, or Restrictions Thereof, of Series LMCN-V
Common Stock of the Registrant as filed with the Secretary of State of
the State of Delaware on January 11, 2001 (incorporated herein by
reference to Exhibit 3.3 to the Registrant's January 2001 Form 8-K).
4.4 Certificate of the Voting Powers, Designations, Preferences and *
Relative, Participating, Optional or Other Special Rights, and
Qualifications, Limitations, or Restrictions Thereof, of Series A
Mandatorily Convertible Preferred Stock of the Registrant as filed
with the Secretary of State of the State of Delaware on March 31, 2003
(incorporated herein by reference to Exhibit 4.1 to the Registrant's
Current Report on Form 8-K dated March 28, 2003).
4.5 Certificate of Ownership and Merger merging a wholly owned subsidiary *
into the Registrant pursuant to Section 253 of the General Corporation
Law of the State of Delaware as filed with the Secretary of State of
the State of Delaware and as became effective on October 16, 2003
(incorporated herein by reference to Exhibit 3.1 to the Registrant's
Current Report on Form 8-K dated October 16, 2003).
4.6 Certificate of Elimination relating to the Registrant's Series A *
Mandatorily Convertible Preferred Stock as filed with the Secretary of
the State of Delaware on May 2, 2005 (incorporated herein by reference
to Exhibit 3.1 to the Registrant's Quarterly Report on Form 10-Q for
the quarter ended March 31, 2005).
4.7 By-laws of the Registrant as amended through February 23, 2006 *
(incorporated herein by reference to Exhibit 3.2 to the Registrant's
Current Report on Form 8-K dated February 23, 2006).
5 Opinion of Brenda C. Karickhoff, Senior Vice President and Deputy
General Counsel of the Registrant.
23.1 Consent of Ernst & Young LLP, Independent Registered Public Accounting
Firm.
23.2 Consent of Brenda C. Karickhoff, Senior Vice President and Deputy *
General Counsel of the Registrant (included in Opinion filed as
Exhibit 5).
24 Powers of Attorney.
* Incorporated by reference
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