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As filed with the Securities and Exchange Commission on June 19, 2020
Registration No. 333-______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________
PVH CORP.
(Exact name of registrant as specified in its charter)
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation or organization) |
13-1166910
(I.R.S. Employer Identification Number) |
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200 Madison Avenue
New York, New York
(212) 381-3500
(Address of Principal Executive Offices) |
10016
(Zip code) |
PVH CORP.
STOCK INCENTIVE PLAN
(Full title of the plan)
___________
STOCK INCENTIVE PLAN
(Full title of the plan)
___________
Mark D. Fischer
Executive Vice President,
General Counsel and Secretary
200 Madison Avenue
New York, New York 10016
(212) 381-3500
(Name, address, including zip code, and telephone number, including area code, of agent for service)
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated
filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ⌧ Accelerated filer □
Non-accelerated filer □ (do not check if a smaller reporting company) Smaller reporting company □
Emerging growth company □
___________
CALCULATION OF REGISTRATION FEE
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Title of Securities to be Registered
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Amount to be Registered(1)
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Proposed Maximum Offering Price Per Share(2)
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Proposed Maximum Aggregate Offering Price
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Amount of Registration Fee
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Common Stock, par value $1.00 per share
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3,000,000
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$48.61
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$145,830,000
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$18,928.73
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1. In addition, pursuant to Rule 416(a) under the Securities Act of 1933, this registration statement also covers any additional securities to be offered or issued in connection with a stock split, stock dividend or
similar transaction.
2. Determined on the basis of the average of the high and low sale price of the common stock as reported on the New York Stock Exchange on June 15, 2020, solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) and (h) under the Securities Act of 1933.
EXPLANATORY NOTE
PVH Corp. (the “Registrant” or “PVH”) previously filed with the Securities and Exchange Commission (the “SEC”) the following Registration Statements on Form S-8 (the “Prior Registration Statements”):
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•
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-143921, on June 20, 2007 (the “2007 Registration Statement”)
pursuant to which it registered 3,991,167 shares of its Common Stock, par value $1.00 per share (the “Common Stock”), to be offered and sold under its Stock Incentive Plan (formerly known as the 2006 Stock Incentive Plan) (the “Plan”).
Pursuant to the Plan, any shares of Common Stock that were available to be issued under a Prior Plan (as defined below) as of the date of the Plan’s approval by the Registrant’s stockholders or thereafter became available under a Prior Plan
because of expirations, cancellations and terminations of outstanding stock option awards, were to be assigned to, and made available for issuance under, the Plan. Accordingly, the shares registered pursuant to the 2007 Registration
Statement included 991,167 shares of Common Stock that were previously available for grant (i.e., not subject to outstanding awards) under the Registrant’s 1997 Stock Option Plan, 2000 Stock Option
Plan and 2003 Stock Option Plan (each, a “Prior Plan” and collectively, the “Prior Plans”) as of June 13, 2006 and shares of Common Stock underlying grants under the Prior Plans that were outstanding on June 13, 2006 but which expired, were
terminated or were cancelled between June 13, 2006 and June 18, 2007. (Such 991,167 shares had been previously registered under Registration Statements on Form S-8 (Registration Nos. 333-109000, 333-29765 and 333-41068) relating to the offer and sale of shares of
Common Stock issuable under the Prior Plans and were subject to Post-Effective Amendments thereto filed on June 20, 2007 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-151966, on June 26, 2008 (the “2008 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 11,387 additional shares of Common Stock to be offered and sold under the Plan.
These shares represented shares of Common Stock underlying grants under the 2003 Stock Option Plan outstanding on June 13, 2006 that were forfeited between June 19, 2007 and June 18, 2008 and, in accordance with the terms of the Plan, were
assigned to and made available for grant under the Plan. (Such 11,387 shares had been previously registered under the Registration Statement on Form S-8, Registration No. 333-109000, relating to the offer and sale of shares of Common Stock
issuable under Registrant’s 2003 Stock Option Plan and were subject to a Post-Effective Amendment thereto filed on June 26, 2008 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-160382, on July 1, 2009 (the “2009 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 4,472,397 additional shares of Common Stock to be offered and sold under the Plan.
These shares represented 4,400,000 shares of Common Stock that were added to the Plan as of April 30, 2009 by vote of the Registrant’s stockholders and 72,397 shares of Common Stock described in the following sentence. The 72,397 shares
represented 1,700 shares of Common Stock underlying grants under the 2000 Stock Option Plan and 70,697 shares of Common Stock underlying grants under the 2003 Stock Option Plan outstanding on June 18, 2008 that expired or were cancelled or
forfeited between June 19, 2008 and June 25, 2009 and, in accordance with the terms of the Plan, were assigned to and made available for grant under the Plan. (Such 72,397 shares had been previously registered under the Registration
Statement on Form S-8, Registration No. 333-41068, relating to the offer and sale of shares of Common Stock issued under Registrant’s 2000 Stock Option Plan, or Registration Statement on Form S-8, Registration No. 333-109000, relating to the
offer and sale of shares of Common Stock issuable under Registrant’s 2003 Stock Option Plan, and were subject to Post-Effective Amendments thereto filed on July 1, 2009 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-175240, on June 30, 2011 (the “2011 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 15,648 additional shares of Common Stock to be offered and sold under the Plan.
These shares represented 584 shares of Common Stock underlying grants under the 1997 Stock Option Plan, 2,563 shares of Common Stock underlying grants under the 2000 Stock Option Plan and 12,501 shares of Common Stock underlying grants
under the 2003 Stock Option Plan outstanding on June 25, 2009 that expired or were cancelled or forfeited between June 26, 2009 and June 26, 2011 and, in accordance with the terms of the Plan, were assigned to and made available for grant
under the Plan. (Such 15,648 shares had been previously registered under the Registration Statement on Form S-8, Registration No. 333-29765, relating to the offer and sale of shares of Common Stock issued under
Registrant’s 1997 Stock Option Plan, Registration Statement on Form S-8, Registration No. 333-41068, relating to the offer and sale of shares of
Common Stock issued under Registrant’s 2000 Stock Option Plan, or Registration Statement on Form S-8, Registration No. 333-109000, relating to the offer and sale of shares of Common Stock issued
under Registrant’s 2003 Stock Option Plan, and were subject to Post-Effective Amendments thereto filed on June 30, 2011 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-183800, on September 8, 2012 (the “2012 Registration Statement”)
pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 4,503,050 additional shares of Common Stock to be offered and sold under the Plan. These shares
represented 4,500,000 shares of Common Stock that were added to the Plan as of April 26, 2012 by vote of the Registrant’s stockholders and 3,050 shares of Common Stock described in the following sentence. The 3,050 shares represented shares
of Common Stock underlying grants under the 2003 Stock Option Plan outstanding on June 26, 2011 that expired or were cancelled or forfeited between June 27, 2011 and August 31, 2012 and, in accordance with the terms of the Plan, were
assigned to and made available for grant under the Plan. (Such 3,050 shares had been previously registered under the Registration Statement on Form S-8, Registration No. 333-109000, relating to the offer and sale of shares of Common Stock issued
under Registrant’s 2003 Stock Option Plan, and were subject to a Post-Effective Amendment thereto filed on September 8, 2012 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-186707, on February 15, 2013 (the “2013 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act an additional 1,442,940 shares of Common Stock to be offered and sold under the
Plan. These shares represented shares of the Common Stock to be issued pursuant to the Agreement and Plan of Merger, by and among PVH, Wand Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of PVH, and The Warnaco
Group, Inc., a Delaware corporation (“Warnaco”), pursuant to which Wand Acquisition Corp. will merge with and into Warnaco (the “Merger”). In particular, they included (a) 443,346 shares of Common Stock to be issued underlying outstanding
option award obligations at that time under (i) The Warnaco Group, Inc. 2003 Stock Incentive Plan, effective May 28, 2003 (the “2003 Warnaco Plan”) and (ii) The Warnaco Group, Inc. 2005 Stock Incentive Plan as amended and restated effective
May 23, 2009 (the “2005 Warnaco Plan”) and assumed by PVH in connection with the Merger, (b) 136,677 shares of Common Stock underlying certain outstanding restricted stock awards, restricted stock units, performance shares and performance
shares units awarded under the 2005 Warnaco Plan and assumed by PVH in connection with the Merger and (c) 862,917 shares of Common Stock reserved for future grant in substitution for shares previously available under the 2005 Warnaco Plan.
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-206746, on September 3, 2015 (the “2015 Registration Statement”)
pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 3,002,089 additional shares of Common Stock to be offered and sold under the Plan. These shares
represented 3,000,000 shares of Common Stock that were added to the Plan as of April 30, 2015 by vote of the Registrant’s stockholders and 2,089 shares of Common Stock described in the following sentence. The 2,089 shares represented 326
shares of Common Stock underlying grants under the 2000 Stock Option Plan and 1,763 shares of Common Stock underlying grants under the 2003 Stock Option Plan outstanding on August 31, 2012 that expired or were cancelled or forfeited between
September 1, 2012 and August 28, 2015 and, in accordance with the terms of the 2006 Plan, were assigned to and made available for grant under the Plan. (Such 2,089 shares had previously been registered under the Registration Statement on
Form S-8, Registration No. 333-41068, relating to the offer and sale of shares of Common Stock issued under Registrant’s 2000 Stock Option Plan, or Registration Statement on Form S-8, Registration No. 333-109000, relating to the offer and sale
of shares of Common Stock issued under Registrant’s 2003 Stock Option Plan, and were subject to Post-Effective Amendments thereto filed on September 3, 2015 deregistering such shares thereunder.)
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The Registrant filed with the SEC its Registration Statement on Form S-8, Registration No. 333-220250, on August 30, 2017 (the “2017 Registration
Statement”) pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the Securities Act 1,300 additional shares of Common Stock to be offered and sold under the Plan.
These shares represented shares of Common Stock underlying grants under the 2003 Stock Option Plan outstanding on August 28, 2015 that expired or were cancelled or forfeited between August 29, 2015 and August 29, 2017 and, in accordance
with the terms of the Plan, were assigned to and made available for grant under the Plan. (Such shares had previously been registered under the Registration Statement on Form S-8, Registration No. 333-109000, relating to the offer and sale of shares of Common
Stock issued under Registrant’s 2003 Stock Option Plan, and were subject to a Post-Effective Amendment thereto filed on August 30, 2017 deregistering such shares thereunder.) As of the date of the 2017 Registration Statement, there were no
longer any shares of Common Stock subject to grants under any Prior Plan.
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This Registration Statement on Form S-8 has been prepared and filed pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of registering under the
Securities Act 3,000,000 additional shares of Common Stock to be offered and sold under the Plan. These shares represent shares of Common Stock that were added to the Plan as of April 30, 2020 by vote of the Registrant’s stockholders. Pursuant to
General Instruction E to Form S-8, the contents of the Prior Registration Statements are incorporated into this Registration Statement by reference, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed with the SEC by the Registrant, are incorporated by reference in this Registration Statement:
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(a)
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The Registrant’s Annual Report on Form 10-K for the fiscal year ended February 2, 2020 filed April 1, 2020 (SEC
File No. 001-07572);
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(b)
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The Registrant’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2020, filed June 11, 2020 (SEC File No. 001-07572);
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(c)
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The Registrant’s Current Reports on Form 8-K, filed February 14, 2020, March 3, 2020, April 6, 2020, April 8, 2020
(with respect to Item 1.01 and 2.03), April 8, 2020 (with respect to item 5.02 only), April 21, 2020 (with respect to the launch of the offering for additional 3-5/8% senior notes due 2024 ), April 21, 2020 (with respect to the pricing of the offering for additional 3-5/8% senior notes due 2024) April 28, 2020, June 3, 2020 (with
respect to Items 1.01 and 2.03), and June 3, 2020 (with respect to Items 5.02, 8.01 and 9.01); and
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(d)
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The description of the Registrant’s Common Stock contained in Exhibit 4.6 of the Registrant’s Annual Report on Form 10-K for the fiscal year ended February 2, 2020 filed April 1, 2020 (SEC File No.
001-07572).
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All documents that the Registrant subsequently files pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, other than any information it
furnishes, rather than files, with the SEC pursuant to certain items of Form 8-K 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 by reference in this Registration Statement and to be 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 shall
be deemed to be modified or superseded for the 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.
Item 8. Exhibits.
The following is a list of all exhibits filed as a part of this Registration Statement on Form S-8, including those incorporated herein by reference.
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Exhibit
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Description of Exhibit
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4.1
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5.1
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23.1
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23.2
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, PVH Corp. 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 New York, State of New York, on the 19th day of June, 2020.
PVH CORP.
By: /s/ Emanuel Chirico
Emanuel Chirico
Chairman and Chief Executive Officer
By: /s/ Emanuel Chirico
Emanuel Chirico
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on
the 19th day of June, 2020.
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Signature
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Title
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/s/ Emanuel Chirico
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Emanuel Chirico
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Chairman and Chief Executive Officer; Director (Principal Executive Officer)
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/s/ Michael Shaffer
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Michael Shaffer
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Executive Vice President and Chief Operating & Financial Officer (Principal Financial Officer)
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/s/ James W. Holmes
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James W. Holmes
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Senior Vice President and Controller (Principal Accounting Officer)
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/s/ Mary Baglivo
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Mary Baglivo
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Director
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/s/ Brent Callinicos
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Brent Callinicos
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Director
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/s/ Joseph Fuller
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Joseph Fuller
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Director
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/s/ Judith Amanda Sourry Knox
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Judith Amanda Sourry Knox
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Director
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/s/ V. James Marino
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V. James Marino
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Director
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/s/ Geraldine (Penny) McIntyre
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Geraldine (Penny) McIntyre
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Director
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/s/ Amy McPherson
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Amy McPherson
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Director
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/s/ Henry Nasella
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Henry Nasella
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Director
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/s/ Edward Rosenfeld
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Edward Rosenfeld
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Director
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Craig Rydin
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Craig Rydin
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Director
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Exhibit 5.1
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Mark D. Fischer
Executive Vice President, General Counsel and Secretary
Phone: (212) 381-3509 Fax: (212) 381-3993
Email: markfischer@pvh.com
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June 19, 2020
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Gentlemen:
I refer to the Registration Statement on Form S-8 (the “Registration Statement”) filed on even date by PVH Corp., a Delaware corporation (the
“Company”), with the Securities and Exchange Commission with respect to the registration of up to an aggregate of 3,000,000 shares of the Company’s common stock, par value $1.00 per share (the “Common Stock”), to be issued in connection with the
Company’s Stock Incentive Plan (the “Plan”).
I have made such examination as I have deemed necessary for the purpose of this opinion. Based upon such examination, it is my opinion, that,
when the Registration Statement has become effective under the Securities Act of 1933, as amended, and when the shares of Common Stock to be issued are sold and paid for in the manner described in the Plan, the Common Stock so issued will have been
validly issued, fully paid and non-assessable.
My opinion is limited to the General Corporation Law of the State of Delaware. This opinion is given as of the date hereof and I assume no
obligation to advise you of changes that may hereafter be brought to my attention.
I hereby consent to the use of this opinion as an exhibit to the Registration Statement.
Very truly yours,
/s/ Mark D. Fischer
Mark D. Fischer
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-_____) pertaining to the PVH Corp. Stock Incentive Plan of our reports dated April 1, 2020, with respect to the consolidated
financial statements and schedule of PVH Corp. and the effectiveness of internal control over financial reporting of PVH Corp. included in its Annual Report (Form 10-K) for the year ended February 2, 2020, filed with the Securities and Exchange
Commission.
/s/ Ernst & Young LLP
New York, NY
June 19, 2020