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Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SENSIENT TECHNOLOGIES CORPORATION
(exact name of Company as specified in its charter)
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Wisconsin
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39-0561070 |
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(State or other jurisdiction
of incorporation or organization)
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(I.R.S. Employer Identification No.) |
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777 East Wisconsin Avenue
Milwaukee, Wisconsin
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53202-5304 |
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(Address of principal executive offices)
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(Zip Code) |
Sensient Technologies Corporation 2007 Restricted Stock Plan
(Full title of the plan)
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John L. Hammond
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With a Copy to: |
Vice President, Secretary, and General Counsel
Sensient Technologies Corporation
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-5304
(414) 271-6755
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Joseph D. Masterson
Quarles & Brady LLP
411 E. Wisconsin Avenue
Milwaukee, Wisconsin 53202
(414) 277-5169 |
(Name, address, and telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Proposed |
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Proposed |
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maximum |
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maximum |
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Amount to be |
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offering price |
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aggregate |
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Amount of |
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registered |
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per share |
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offering price |
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registration |
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Title of Securities to be registered |
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(1) |
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(2) |
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(2) |
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fee |
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Common Stock, par value $.10 per
share |
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1,500,000 |
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$ |
25.65 |
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$ |
38,475,000 |
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$ |
1,181.19 |
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(1) |
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The Sensient Technologies Corporation 2007 Restricted Sock Plan (the Plan) provides
for the issuance of up to 1,500,000 shares of Common Stock, par value $.10 per share (the
Shares). In addition to the Shares set forth in the table, pursuant to Rule 416 under the
Securities Act of 1933, as amended (the Securities Act), the amount to be registered
includes an indeterminate number of shares that may become issuable as a result of stock
dividends, stock splits, mergers, or similar transactions, as provided in the Plan. |
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(2) |
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Estimated pursuant to Rule 457(c) under the Securities Act of 1933 solely for the purpose of
calculating the registration fee based on the average of the high and low prices for Sensient
Technologies Corporation Common Stock as reported on the New York
Stock Exchange on July 31, 2007. |
TABLE OF CONTENTS
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document or documents containing the information specified in Part I are not required to
be filed with the Securities and Exchange Commission (the Commission) as part of this Form S-8
Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents have been previously filed by Sensient Technologies Corporation (the
Company) (formerly Universal Foods Corporation) with the Commission pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and are incorporated
herein by reference:
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(a) |
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The Companys Annual Report on Form 10-K for the fiscal year ended December 31,
2006. |
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(b) |
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The Companys Quarterly Report on Form 10-Q for the quarter ended March 31,
2007. |
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(c) |
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All other reports filed by the Company pursuant to Section 13(a) or 15(d) of
the Exchange Act, since December 31, 2006. |
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(d) |
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The description of the Companys common stock contained in Item 1 of the
Companys Registration Statement on Form 8-A, dated December 29, 1976, as amended and
restated by Form 8, dated July 16, 1986, and any other amendments or reports filed for
the purpose of updating such description. |
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14, or
15(d) of the Exchange Act after the date of filing of this Registration Statement and prior to such
time as the Company files 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 by reference in this Registration Statement
and to be a part hereof from the date of filing of such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
The Company is incorporated under the Wisconsin Business Corporation Law (the WBCL). The
WBCL includes provisions for indemnification by a corporation of a director or officer against
certain liabilities and expenses incurred by him or her in any proceeding (whether threatened,
pending, or completed, and whether brought by the corporation or any other person) to which he or
she was a party because of being a director or officer. In general, under these provisions (1) a
corporation is required to indemnify a director or officer, to the extent he or she has been
successful on the merits or otherwise in the defense of any such proceeding, for all reasonable
expenses incurred in the proceeding, and (2) in other cases, the corporation is required to
indemnify a director or officer against liabilities (including, among other things, judgments,
penalties, fines and reasonable expenses) incurred in any such proceeding unless liability was
incurred because he or she breached or failed to perform a duty to the corporation and the breach
or failure constitutes any of the following: (a) a willful failure to deal fairly with the
corporation or its shareholders in connection with a matter in which he or she has a material
conflict of interest; (b) a violation of criminal law, unless he or she had reasonable cause to
believe his or her conduct was lawful or no reasonable cause to believe his or her conduct was
unlawful; (c) a transaction from which he or she derived an improper personal profit; or (d)
willful misconduct. The provisions specify that the termination of a proceeding by judgment,
order, settlement, or conviction, or upon a plea of no contest or an equivalent plea, does not, by
itself, create a
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presumption that indemnification is not required. Also, the provisions permit a corporation
to pay or reimburse reasonable expenses as incurred if the director or officer affirms his or her
good faith belief that he or she has not breached or failed to perform his or her duties to the
corporation and undertakes to make repayment to the extent it is ultimately determined that
indemnification is not required. With specified exceptions, these provisions do not preclude
additional indemnification. The WBCL specifically provides that it is the public policy of the
State of Wisconsin to require or permit indemnification, allowance of expenses and insurance, to
the extent required or permitted generally thereunder, for any liability incurred in connection
with a proceeding involving a federal or state statute, rule, or regulation regulating the offer,
sale, or purchase of securities.
The WBCL also provides that, with certain exceptions, a director is not liable to a
corporation, its shareholders, or any person asserting rights on behalf of the corporation or its
shareholders, for damages, settlements, fees, fines, penalties or other monetary liabilities
arising from a breach of, or failure to perform, any duty resulting solely from his or her status
as a director, unless the person asserting liability proves that the breach or failure to perform
constitutes any of the four exceptions to mandatory indemnification referred to above.
The Companys By-laws contain provisions that generally parallel the indemnification
provisions of the WBCL. The Company maintains a liability insurance policy for its directors and
officers as permitted by Wisconsin law, which may extend to, among other things, liability arising
under the Securities Act.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
See Exhibit Index following Signatures page in this Registration Statement, which Exhibit
Index is incorporated herein by reference.
Item 9. Undertakings.
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(a) |
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The undersigned Company 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 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. |
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(2) |
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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. |
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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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The undersigned Company hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Companys annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plans annual report pursuant to
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. |
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(c) |
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Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has
been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed
in th Act and is, therefore, unenforceable. In the |
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event that a claim for indemnification against
such liabilities (other than the payment by the Company of expenses incurred or paid by
a director, officer or controlling person of the Company 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 Company 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 Company certifies that it has
reasonable grounds to believe that it meets all 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 Milwaukee, State of Wisconsin, on
August 3, 2007.
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SENSIENT TECHNOLOGIES CORPORATION |
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By:
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/s/ John L. Hammond |
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John L. Hammond |
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Vice President, Secretary |
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and General Counsel |
POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities indicated as of the date indicated below.*
Each person whose signature appears below constitutes and appoints, Kenneth P. Manning and
John L. Hammond, and each of them, with full power to act without the other, his true and lawful
attorneys-in-fact and agents, with full power of substitution, 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 to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange Commission and any and
all other instruments which either of said attorneys-in-fact and agents deems necessary or
advisable to enable the Company to comply with the Securities Act of 1933, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission in respect thereof, and the
securities or Blue Sky laws of any State or other governmental subdivision, giving and granting to
each of said attorneys-in-fact and agents full power and authority to do and perform each and every
act and thing whatsoever necessary or appropriate to be done in and about the premises as fully to
all intents as he or she might or could do if personally present at the doing thereof, with full
power of substitution and resubstitution, hereby ratifying and confirming all that his or her said
attorneys-in-fact and agents or substitutes may or shall lawfully do or cause to be done by virtue
hereof.
* Each of these signatures is affixed as of July 19, 2007.
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Signature |
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Title |
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/s/ Kenneth P. Manning
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Chairman of the Board, President and Chief |
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Executive Officer (Principal Executive Officer) |
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/s/ Richard F. Hobbs
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Vice President and Chief Financial Officer |
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/s/ Stephen J. Rolfs
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Vice President, Controller, and
Chief Accounting Officer |
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/s/ Hank Brown
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Director |
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/s/ Dr. Fergus M. Clydesdale
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Director |
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/s/ James A.D. Croft
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Director |
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/s/ William V. Hickey
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Director |
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/s/ Peter M. Salmon
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Director |
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/s/ Dr. Elaine R. Wedral
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Director |
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/s/ Essie Whitelaw
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Director |
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SENSIENT TECHNOLOGIES CORPORATION
EXHIBIT INDEX
TO
FORM S-8 REGISTRATION STATEMENT
2007 RESTRICTED STOCK PLAN
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Incorporated Herein |
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Filed |
Exhibit Number |
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Description |
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By Reference To |
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Herewith |
3.1
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Amended and Restated Articles
of Incorporation of Sensient
Technologies Corporation,
adopted January 21, 1999, as
amended as of April 21, 2005
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Exhibit 3.1 to Quarterly Report
on Form 10-Q for the fiscal
quarter ended March 31, 2005
(Commission File No. 1-7626) |
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3.2
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Amended and Restated By-Laws of
Sensient Technologies
Corporation, as amended April
26, 2007
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Exhibit 3.2 to Quarterly Report
on Form 10-Q for the fiscal
quarter ended March 31, 2007
(Commission File No. 1-7626) |
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5
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Opinion of Quarles & Brady LLP
as to the legality of the
securities to be issued
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X |
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23.(1)
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Consent of Ernst & Young LLP
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X |
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23.(2)
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Consent of Deloitte & Touche LLP
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X |
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23.(3)
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Consent of Quarles & Brady LLP
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Contained in
opinion filed as
Exhibit 5 |
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Powers of Attorney
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Included as part of
the signature page
to this
Registration
Statement |
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99
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Sensient Technologies
Corporation 2007 Restricted
Stock Plan
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Appendix B to Definitive Proxy
Statement filed on March 15,
2007 (Commission File No.
1-7626) |
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