sv8
As filed with the Securities and Exchange Commission on September 29, 2006
Registration No. 333-[ ]
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
Commission File No. 1-13179
FLOWSERVE CORPORATION
(Exact name of registrant as specified in its charter)
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New York
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31-0267900 |
(State or other jurisdiction
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(I.R.S. Employer |
of incorporation or organization)
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Identification Number) |
5215 N. OConnor Blvd., Suite 2300
Irving, Texas 75039
(Address of Principal Executive Offices, including Zip Code)
Flowserve Corporation 2004 Stock Compensation Plan
Flowserve Corporation 1998 Restricted Stock Plan
(Full title of the plans)
Ronald F. Shuff
Vice President, Secretary and General Counsel
Flowserve Corporation
5215 N. OConnor Blvd., Suite 2300
Irving, Texas 75039
(972) 443-6500
(Name
and address of agent for service and Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Proposed Maximum |
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Proposed Maximum |
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Title of Securities to be |
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Amount to be |
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Offering Price per |
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Aggregate Offering |
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Amount of |
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Registered |
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Registered (1) |
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Share (2) |
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Price (2) |
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Registration Fee |
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Common Stock, par value
$1.25 per share, to be
issued under the
Flowserve Corporation
2004 Stock Compensation
Plan |
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3,500,000 |
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$48.52 |
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$169,820,000 |
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$18,170.74 |
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Common Stock, par value
$1.25 per share, to be
issued under the
Flowserve Corporation
1998 Restricted Stock
Plan |
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250,000 |
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$48.52 |
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$12,130,000 |
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$1,297.91 |
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(1) |
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Pursuant to Rule 416 under the U.S. Securities Act of 1933, as amended (the Securities
Act), this Registration Statement includes any additional shares of Common Stock that may be
issued pursuant to any stock split, stock dividend or similar transaction. |
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(2) |
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Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(c)
and 457(h) under the Act, the offering price and registration fee are based on a price of
$48.52 per share, which price is an average of the high and low prices of the common stock as
reported by the New York Stock Exchange on September 25, 2006. |
TABLE OF CONTENTS
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents constituting each prospectus under Part I of this Registration Statement (each,
a Plan Prospectus) and the statement of availability of registrant information, plan information
and other information required by Item 2 of Form S-8 will be sent or given to participants in each
of the Flowserve Corporation 2004 Stock Compensation Plan and the Flowserve Corporation 1998
Restricted Stock Plan as applicable (together, the Plans) as specified by Rule 428(b)(1) under
the Securities Act. In accordance with Rule 428 and the requirements of Part I of Form S-8, 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. Flowserve Corporation (Flowserve) will maintain a file of
such documents in accordance with the provisions of Rule 428. Upon request, Flowserve will furnish
to the Commission or its staff a copy of any or all of the documents included in such file.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed by Flowserve with the Commission pursuant to the Securities
Exchange Act of 1934 (the Exchange Act), are incorporated in this Registration Statement by
reference and shall be deemed to be a part hereof:
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1. |
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Flowserves Annual Report on Form 10-K for the fiscal year ended December 31,
2005, filed on June 30, 2006; |
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2. |
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Flowserves Quarterly Reports on Form 10-Q for the quarters ended March 31,
2006 and June 30, 2006, filed on September 29, 2006; |
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3. |
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Flowserves Current Reports on Form 8-K filed on January 6, 2006, February 17,
2006*, March 10, 2006, March 22, 2006, March 31, 2006, May 1, 2006*, May 3, 2006, May
19, 2006, June 6, 2006, July 17, 2006*, July 31, 2006*, August 14, 2006 and Form 8-K/A
filed on January 6, 2006 and August 16, 2006; and |
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4. |
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The description of Flowserves common stock contained in the Registration
Statement on Form 8-A filed on July 10, 1997, as amended by Amendment No. 1 on Form
8-A/A filed on July 18, 1997 and Amendment No. 2 on Form 8-A/A filed on June 11, 1998
and as thereafter amended from time to time for the purpose of updating, changing or
modifying such description. |
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Excluding any portions thereof that are deemed to be furnished and not filed. |
In addition, all documents filed by Flowserve with the Commission pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and
prior to the filing of a post-effective amendment to this Registration Statement which indicates
that all securities offered hereby have been sold, or which deregisters all securities then
remaining unsold, shall be deemed
to be incorporated in this Registration Statement by reference and to be a part hereof from the
date of filing of such documents.
II-1
Any statement contained in this Registration Statement, in any amendment hereto or in a
document 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
subsequently-filed supplement to this Registration Statement or in any document that also is
incorporated by reference herein modifies or supersedes such statement. Any statement so modified
or superseded shall not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement. Nothing in this Registration Statement shall be deemed to incorporate
information furnished by Flowserve but not filed with the Commission pursuant to Items 2.02, 7.01
or 9.01 of Form 8-K.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
Sections 722 through 726 of the New York Business Corporation Law (the BCL) grant New York
corporations broad powers to indemnify their present and former directors and officers and those of
affiliated corporations against expenses (including attorneys fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred in connection with threatened, pending or
completed actions, suits or proceedings to which they are parties or are threatened to be made
parties by reason of being or having been such directors or officers, subject to specified
conditions and exclusions; give a director or officer who successfully defends an action the right
to be so indemnified; and permit a corporation to buy directors and officers liability insurance.
Such indemnification is not exclusive of any other rights to which those indemnified may be
entitled under any by-laws, agreement, vote of shareholders or otherwise.
Section 402(b) of the BCL permits a New York corporation to include in its certificate of
incorporation a provision eliminating or limiting the personal liability of directors to the
corporation or its shareholders for damages for any breach of duty in such capacity, provided that
such provision shall not eliminate the liability of a director (i) for acts or omissions in bad
faith or involving intentional misconduct or a knowing violation of law or (ii) by which he
personally gained a financial profit or other advantage to which he was not legally entitled or
(iii) for acts that violate Section 719 of the BCL or (iv) for any act or omission that occurred
prior to the adoption of a provision in the certificate of incorporation providing the protections
described in Section 402(b) of the BCL.
Flowserves Restated Certificate of Incorporation includes the provision permitted by Section
402(b) of the BCL.
Flowserves Restated By-laws provide that Flowserve shall indemnify its present or future
directors and officers from and against any and all liabilities and expenses to the maximum extent
permitted by the BCL.
Flowserve has entered into indemnification agreements with its directors and officers that
provide indemnification to the fullest extent permitted by the BCL as well as certain additional
procedural protections. The indemnification agreements provide that directors and officers will be
indemnified to the
fullest extent permitted by law against all expenses (including attorneys fees) and settlement
amounts paid or incurred by them in any proceeding as directors or officers of Flowserve, including
any action on
II-2
account of their services as officers or directors of any other company or enterprise
when they are serving in such capacities at Flowserves request. Flowserve must pay in advance of
a final disposition of a proceeding or claim, the expenses incurred by the indemnitee no later than
10 days after receipt of an undertaking by or on behalf of the indemnitee, to repay the amount of
the expenses to the extent that it is ultimately determined that the indemnitee is not entitled to
be indemnified by Flowserve. The indemnification agreements also provide the indemnitee with
remedies in the event that Flowserve does not fulfill its obligations under the indemnification
agreements.
Flowserve maintains policies of insurance under which its directors and officers are insured,
within the limits and subject to the limitations of the policies, against specific expenses in
connection with the defense of, and specific liabilities which might be imposed as a result of,
actions, suits or proceedings to which they are parties by reason of being or having been directors
or officers.
Item 7. Exemption From Registration Claimed.
Not Applicable.
Item 8. Exhibits.
The following documents are filed as a part of this Registration Statement or incorporated by
reference herein:
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Exhibit |
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No. |
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Description |
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4.1
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Restated Certificate of
Incorporation of Flowserve Corporation, filed as Exhibit 3.(i) to Flowserves Current
Report on Form 8-K/A, filed on August 16, 2006 and incorporated herein by reference. |
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4.2
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Amended and Restated By-Laws of Flowserve Corporation, as filed as Exhibit 3.9 to Flowserves Annual Report on
Form 10-K for the year ended December 31, 2003 and incorporated herein by reference. |
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4.3
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Specimen common stock certificate of Flowserve Corporation. |
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4.4
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Flowserve Corporation 2004 Stock Compensation Plan, effective April 21, 2004, filed as
Appendix A to Flowserves Proxy Statement, dated May 10, 2004 and incorporated herein by
reference. |
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4.5
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Form of Restricted Stock Agreement pursuant to Flowserve Corporation 2004 Stock
Compensation Plan, filed as Exhibit 10.59 to Flowserves Annual Report on Form 10-K for the
year ended December 31, 2004 and incorporated herein by reference. |
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4.6
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Form of Incentive Stock Option Agreement pursuant to Flowserve Corporation 2004 Stock
Compensation Plan, filed as Exhibit 10.60 to Flowserves Annual Report on Form 10-K for the
year ended December 31, 2004 and incorporated herein by reference. |
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4.7
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Form of Non-Qualified Stock Option Agreement pursuant to Flowserve Corporation 2004
Stock Compensation Plan, filed as Exhibit 10.61 to |
II-3
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Exhibit |
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No. |
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Description |
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Flowserves Annual Report on Form 10-K
for the year ended December 31, 2004 and incorporated herein by reference. |
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4.8
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Form of Restricted Stock Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan, filed as Exhibit 10.3 to Flowserves Current
Report on Form 8-K, dated as of March 9, 2006 and incorporated herein by reference. |
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4.9
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Form of Incentive Stock Option Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan filed as Exhibit 10.4 to Flowserves Current
Report on Form 8-K, dated March 9, 2006 and incorporated herein by reference. |
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4.10
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Form of Nonqualified Stock Option Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan, filed as Exhibit 10.5 to Flowserves Current
Report on Form 8-K dated as of March 9, 2006 and incorporated herein by reference. |
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4.11
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Flowserve Corporation 1998 Restricted Stock Plan, attached as Appendix A to Flowserves
1999 Proxy Statement, filed on April 9, 1998 and incorporated herein by reference. |
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4.12
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Amendment No. 1 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended March 31,
1999 and incorporated herein by reference. |
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4.13
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Amendment No. 2 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended June 30,
1999 and incorporated herein by reference. |
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4.14
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Amendment No. 3 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.37 to Flowserves Annual Report on Form 10-K for the year ended December 31,
2000 and incorporated herein by reference. |
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4.15
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Amendment No. 4 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended June 30,
2001 and incorporated herein by reference. |
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4.16
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Amendment No. 5 to the Flowserve
Corporation 1998 Restricted Stock Plan. |
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5.1
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Opinion of Ronald F. Shuff, Esq. |
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23.1
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Consent of PricewaterhouseCoopers LLP. |
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23.2
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Consent of Ronald F. Shuff, Esq. (included in Exhibit 5.1). |
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24.1
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Powers of Attorney (included in signature page hereto). |
II-4
Item 9. Undertakings.
(a) 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 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. 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% change in the maximum aggregate offering price set forth in the
Calculation of Registration Fee table in the effective Registration
Statement; |
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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 this Registration Statement or any
material change to such information in this Registration Statement; |
provided, however, that the undertakings set forth in paragraphs (i) and (ii) above do not
apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed with or furnished to the Commission by the registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in
this Registration Statement.
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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 registrants annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plans annual report pursuant to 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 provisions described under Item 6 above, 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.
II-5
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 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 Irving, State of Texas, on September 29, 2006.
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FLOWSERVE CORPORATION
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By: |
/s/ Lewis M. Kling
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Lewis M. Kling |
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President and Chief Executive Officer |
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Pursuant to the requirements of the U.S. Securities Act of 1933, this Registration Statement
on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Each person whose signature appears below appoints Lewis M. Kling and Ronald F. Shuff, and
each of them, each of whom may act without the joinder of the others, as his true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement and any registration statement for the
same offering filed pursuant to Rule 462 under the U.S. Securities Act, and to file the same with
all exhibits thereto and all documents in connection therewith with the U.S. Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do
and perform each and every act and thing requisite and necessary to be done, as fully and for all
intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents or their substitutes may lawfully do or cause
to be done by virtue hereof.
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Signature |
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Date |
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/s/ Lewis M. Kling |
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President and Chief Executive
Officer and Director
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September 29, 2006 |
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(Principal Executive Officer) |
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/s/ Mark A. Blinn |
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Vice President and Chief
Financial Officer
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September 29 2006 |
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(Principal Financial Officer) |
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/s/ Richard J. Guiltinan |
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Vice President, Controller
and Chief Accounting Officer
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September 29, 2006 |
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(Principal Accounting Officer) |
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/s/ Kevin E. Sheehan |
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Chairman of the Board and
Director
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September 29, 2006 |
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II-6
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Signature |
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Date |
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/s/ Roger L. Fix |
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Director
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September 29, 2006 |
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/s/ George T. Haymaker, Jr. |
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Director
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September 29, 2006 |
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/s/ Michael F. Johnson |
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Director
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September 29, 2006 |
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/s/ Charles M. Rampacek |
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Director
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September 29, 2006 |
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/s/ James O. Rollans |
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Director
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September 29, 2006 |
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/s/ William C. Rusnack |
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Director
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September 29, 2006 |
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II-7
INDEX TO EXHIBITS
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Exhibit |
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No. |
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Description |
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4.1
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Restated Certificate of Incorporation of Flowserve Corporation, filed as Exhibit 3.(i) to Flowserves Current
Report on Form 8-K/A, filed on August 16, 2006 and incorporated herein by reference. |
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4.2
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Amended and Restated By-Laws of Flowserve Corporation, as filed as Exhibit 3.9 to Flowserves Annual Report on
Form 10-K for the year ended December 31, 2003 and incorporated herein by reference. |
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4.3
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Specimen common stock certificate of Flowserve Corporation. |
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4.4
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Flowserve Corporation 2004 Stock Compensation Plan, effective April 21, 2004, filed as
Appendix A to Flowserves Proxy Statement, dated May 10, 2004 and incorporated herein by
reference. |
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4.5
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Form of Restricted Stock Agreement pursuant to Flowserve Corporation 2004 Stock
Compensation Plan, filed as Exhibit 10.59 to Flowserves Annual Report on Form 10-K for the
year ended December 31, 2004 and incorporated herein by reference. |
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4.6
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Form of Incentive Stock Option Agreement pursuant to Flowserve Corporation 2004 Stock
Compensation Plan, filed as Exhibit 10.60 to Flowserves Annual Report on Form 10-K for the
year ended December 31, 2004 and incorporated herein by reference. |
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4.7
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Form of Non-Qualified Stock Option Agreement pursuant to Flowserve Corporation 2004
Stock Compensation Plan, filed as Exhibit 10.61 to Flowserves Annual Report on Form 10-K
for the year ended December 31, 2004 and incorporated herein by reference. |
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4.8
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Form of Restricted Stock Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan, filed as Exhibit 10.3 to Flowserves Current
Report on Form 8-K, dated as of March 9, 2006 and incorporated herein by reference. |
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4.9
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Form of Incentive Stock Option Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan filed as Exhibit 10.4 to Flowserves Current
Report on Form 8-K, dated March 9, 2006 and incorporated herein by reference. |
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4.10
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Form of Nonqualified Stock Option Agreement for certain officers pursuant to Flowserve
Corporation 2004 Stock Compensation Plan, filed as Exhibit 10.5 to Flowserves Current
Report on Form 8-K dated as of March 9, 2006 and incorporated herein by reference. |
II-8
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Exhibit |
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No. |
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Description |
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4.11
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Flowserve Corporation 1998 Restricted Stock Plan, attached as Appendix A to Flowserves
1999 Proxy Statement, filed on April 9, 1998 and incorporated herein by reference. |
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4.12
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Amendment No. 1 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended March 31,
1999 and incorporated herein by reference. |
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4.13
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Amendment No. 2 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended June 30,
1999 and incorporated herein by reference. |
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4.14
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Amendment No. 3 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.37 to Flowserves Annual Report on Form 10-K for the year ended December 31,
2000 and incorporated herein by reference. |
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4.15
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Amendment No. 4 to the Flowserve Corporation 1998 Restricted Stock Plan, filed as
Exhibit 10.1 to Flowserves Quarterly Report on Form 10-Q for the quarter ended June 30,
2001 and incorporated herein by reference. |
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4.16
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Amendment No. 5 to the Flowserve
Corporation 1998 Restricted Stock Plan. |
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5.1
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Opinion of Ronald F. Shuff, Esq. |
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23.1
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Consent of PricewaterhouseCoopers LLP. |
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23.2
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Consent of Ronald F. Shuff, Esq. (included in Exhibit 5.1). |
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24.1
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Powers of Attorney (included in signature page hereto). |
II-9
exv4w3
Exhibit 4.3
(FLOWSERVE CORPORATE SEAL)
BANKNOTE CORPORATION OF AMERICA
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Incorporated under
the laws of the
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This certificate is transferable in
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SEE REVERSE FOR CERTAIN DEFINITIONS |
State of New York
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Cleveland, Ohio and New York, New York
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CUSIP 34354P 10 5 |
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(FLOWSERVE LOGO)
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FLOWSERVE CORPORATION |
THIS CERTIFIES THAT
(SPECIMEN)
IS THE OWNER OF
FULLY-PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF
Flowserve Corporation (hereinafter called the Corporation) transferable on the books of the
Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this
Certificate properly endorsed. This Certificate and the shares represented hereby are issued and
shall be held subject to all the provisions of the Certificate of Incorporation of the Corporation,
as amended (a copy of which certificate is on file with the Transfer Agent), to all of which the
holder by acceptance hereof assents. This Certificate is not valid until countersigned by the
Transfer Agent and registered by the Registrar.
Witness the seal of the Corporation and the facsimile signatures of its duly authorized officers.
Dated:
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/s/ Ronald F. Shuff
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/s/ Lewis M. Kling |
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Secretary
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President and Chief Executive Officer |
(GRAPHIC)
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Countersigned and Registered: |
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NATIONAL CITY BANK |
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(Cleveland, OH)
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Transfer Agent and Registrar |
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By |
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Authorized Signature |
FLOWSERVE CORPORATION
ARTICLE EIGHTH OF THE CERTIFICATE OF INCORPORATION CONTAINS A PROVISION SPECIFYING A PROPORTION
(TWO-THIRDS) OF THE VOTE OF SHAREHOLDERS GREATER THAN THE PROPORTION PRESCRIBED BY STATUTE IN THE
ABSENCE OF SUCH PROVISION TO (a) ADOPT, AMEND OR REPEAL ANY BY-LAW OR ANY PROVISION OF THE
CERTIFICATE OF INCORPORATION, RELATING TO (i) THE NUMBER, CLASSIFICATION AND TERMS OF OFFICE OF
DIRECTORS, (ii) THE FILLING OF NEWLY CREATED DIRECTORSHIPS AND VACANCIES OCCURRING IN THE BOARD OF
DIRECTORS, (iii) THE REMOVAL OF DIRECTORS, OR (iv) THE POWER OF THE BOARD OF DIRECTORS TO ADOPT,
AMEND OR REPEAL BY-LAWS OF THE CORPORATION OR THE VOTE OF THE BOARD
OF DIRECTORS REQUIRED FOR ANY
SUCH ADOPTION, AMENDMENT OR REPEAL; OR (b) AMEND OR REPEAL SAID ARTICLE EIGHTH.
ARTICLE NINTH OF THE CERTIFICATE OF INCORPORATION OF THE CORPORATION CONTAINS A PROVISION
SPECIFYING A PROPORTION (80%) OF THE COTE OF SHAREHOLDERS GREATER THAN THE PROPORTION PRESCRIBED BY
STATUTE IN THE ABSENCE OF SUCH PROVISION TO (a) AUTHORIZE A MERGER OR CONSOLIDATION OF THE
CORPORATION WITH OR INTO, OR A SALE OR OTHER DISPOSITION OF SUBSTANTIALLY ALL THE ASSETS OF, A
RELATED CORPORATION OR ANY AFFILIATE OF A RELATED CORPORATION AS THEREIN DEFINED) OR (b) AMEND OR
DELETE SAID ARTICLE NINTH.
THE CORPORATION WILL FURNISH TO ANY SHAREHOLDER UPON REQUEST AND WITHOUT CHARGE, A FULL STATEMENT
OF THE DESIGNATION, POWERS, RELATIVE RIGHTS, AND PREFERENCES AND LIMITATION OF THE SHARES OF EACH
CLASS OF SHARES, IF MORE THAN ONE, AUTHORIZED TO BE ISSUED AND THE DESIGNATION, POWERS, RELATIVE
RIGHTS, PREFERENCES AND LIMITATIONS OF EACH SERIES OF ANY CLASS OF PREFERRED SHARES AUTHORIZED TO
BE ISSUED SO FAR AS THE SAME HAVE BEEN FIXED AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO
DESIGNATE AND FIX THE POWERS, RELATIVE RIGHTS, PREFERENCES AND LIMITATIONS OF OTHER SERIES.
The
following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
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TEN COM
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as tenants in common |
TEN ENT
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as tenants by the entireties |
JT TEN
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as joint tenants with right of
survivorship and not as tenants
in common |
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UNIF GIFT MIN ACT
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Custodian |
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(Cust)
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(Minor) |
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under Uniform Gifts to Minors Act
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(State)
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Additional abbreviations may also be used though not in the above list.
NOTICE: The signature(s) to this assignment must correspond with the name(s) as written upon the
face of the Certificate in every particular, without alteration or enlargement, or any change
whatever.
SIGNATURE(S) MUST BE GUARANTEED by a participant in either the Securities Transfer Agents Medallion
Program (STAMP), the Stock Exchanges Medallion Program (SEMP) or the New York Stock Exchange
Medallion Signature Program (MSP).
FOR VALUE RECEIVED
hereby sell, assign and transfer unto
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PLEASE INSERT SOCIAL SECURITY OR OTHER
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IDENTIFYING NUMBER OF ASSIGNEE |
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)
of capital Stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint
to transfer the said stocks on the Books of the within-named Company
with full power of substitution in the premises.
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Dated
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(SIGNATURE/S OF SHAREHOLDER/S) |
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(SIGNATURE/S GUARANTEED BY) |
exv4w16
Exhibit
4.16
AMENDMENT NO. 5 TO
FLOWSERVE CORPORATION
1998 RESTRICTED STOCK PLAN
WHEREAS, Flowserve Corporation (the Company) previously adopted the Flowserve Corporation
1998 Restricted Stock Plan (the Plan); and
WHEREAS, the Board of Directors of the Company (the Board) and the Organization and
Compensation Committee of the Board (the Committee), desire to amend the Plan to permit the
limited transfer of grants of Restricted Shares under the Plan in accordance with applicable
guidance of the Internal Revenue Service and the Securities and Exchange Commission; and
WHEREAS, pursuant to Article 1, Section 3 of the Plan, the Committee has authority to amend
the Plan, and the Company has determined that the amendment to be accomplished hereunder does not
require approval of the Companys shareholders;
NOW, THEREFORE, the Plan is hereby amended as follows:
1. Article I, Section 5(a)(ii) is amended and restated in the entirety to provide as follows:
(ii) such Restricted Shares shall not be sold, transferred, assigned, pledged or otherwise
encumbered or disposed of during the Restriction Period, except that the Committee may act to
permit the transfer or assignment of Restricted Shares for no consideration to trusts for the sole
benefit of the Participants Family Members (defined as children, stepchildren, grandchildren,
parents, grandparents, spouse, siblings, nephews and nieces, half-siblings and any such
relationship in-law); any permitted transfer or assignment of Restricted Shares and shall only be
effective upon receipt by the General Counsel, the Chief Financial Officer or the Treasurer of the
Company (or such other person as the Committee may designate) of an instrument acceptable in form
and substance to the Committee that effects the transfer or assignment and that contains an
agreement by the transferee to accept and comply with all the terms and conditions of the
Restricted Shares award and this Plan.
2. Article IV, Section 5 is hereby amended by adding the following at the end thereof:
A transferee pursuant to Article I, Section S(a)(ii) shall possess all the same rights and
obligations as the Participant under the Plan, except that the transferee can subsequently transfer
such Restricted Shares by (i) Designation of Beneficiary, or (ii) a transfer to a beneficiary of
the trust. Unless the Committee otherwise prescribes, upon vesting of Restricted Shares, the
Participant is required to satisfy the applicable withholding tax obligations by paying cash to the
Company with respect to any income recognized by the Participant upon the exercise of such option
by the transferee. If the Participant does not satisfy the applicable withholding tax obligations
on the vesting date, the Company shall retain from the Shares to be issued to the
1
Transferee such amount as is equal to the Companys mandatory statutory withholding tax payable by
the Participant.
3. Except as amended hereby, the Plan, as heretofore in effect and as previously amended,
shall continue in full force and effect. This Fifth Amendment is effective July 19, 2006.
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FLOWSERVE CORPORATION |
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By:
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/s/ Ronald F. Shuff |
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Ronald F. Shuff
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Vice President, Secretary and General Counsel |
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2
exv5w1
EXHIBIT 5.1
[Flowserve Letterhead]
September 29, 2006
Securities and Exchange Commission
450 5th Street, N.W., Judiciary Plaza
Washington, DC 20549
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Re: |
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Flowserve Corporation Registration of 3,500,000 and 250,000 Shares of Common Stock of
Flowserve Corporation under the Flowserve Corporation 2004 Stock Compensation Plan and
the Flowserve Corporation 1998 Restricted Stock Plan, respectively. |
Ladies and Gentlemen:
As Vice President, Secretary and General Counsel of Flowserve Corporation (the Corporation), I am
familiar with the Flowserve Corporation 2004 Stock Compensation Plan and the Flowserve Corporation
1998 Restricted Stock Plan (together, the Plans) and the proposed issuance of up to 3,500,000 and
250,000 shares (the Shares) of Common Stock, $1.25 par value per share, of the Corporation
pursuant to the Plans. The Shares may consist of (i) the Corporations authorized but unissued
shares of Common Stock (the Original Issuance Plan Shares), (ii) previously issued shares of
Common Stock reacquired and held by the Corporation or (iii) shares of Common Stock purchased on
the open market.
I have also made such further investigations as I have deemed necessary to express the opinions
herein stated.
I am of the opinion that in the case of Original Issuance Plan Shares, following due authorization
of a particular award by the Board of Directors of the Corporation or a duly constituted and acting
committee of the Board of Directors of the Corporation as provided in and in accordance with the
Plans, the Original Issuance Plan Shares issuable pursuant to such award will have been duly
authorized by all necessary corporate action on the part of the Corporation. Upon issuance and
delivery of such Original Issuance Plan Shares from time to time pursuant to the terms of such
award for the consideration established pursuant to the terms of the Plans and otherwise in
accordance with the terms and conditions of such award, including, if applicable, the lapse of any
restrictions relating thereto, the satisfaction of any performance conditions associated therewith
and any requisite determinations by or pursuant to the authority of the Board of Directors of the
Corporation or a duly constituted and acting committee thereof as provided therein, and, in the
case of stock options, the exercise thereof and payment for such Original Issuance Plan Shares as
provided therein, such Original Issuance Plan Shares will be validly issued, fully paid and
nonassessable. I have assumed for the purposes of this paragraph that the consideration received
by the Corporation for the Shares will be not less than the par value of the Shares.
I consent to the use of this opinion as an Exhibit to the Registration Statement on Form S-8 being
filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended,
with respect to the Shares issuable thereunder, and to any references to me in such Registration
Statement.
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Very truly yours,
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/s/ Ronald F. Shuff
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Ronald F. Shuff |
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Vice President, Secretary and General
Counsel |
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exv23w1
Exhibit 23.1
Consent of Independent Registered
Public Accounting Firm
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of
our report dated June 30, 2006 relating to the consolidated financial statements, financial
statement schedule, managements assessment of the effectiveness of internal control over financial
reporting and the effectiveness of internal control over financial reporting, of Flowserve
Corporation, which appears in Flowserve Corporations Annual Report on Form 10-K for the year ended
December 31, 2005.
PRICEWATERHOUSECOOPERS LLP
Dallas, Texas
September 29, 2006