AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 15, 2002
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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POGO PRODUCING COMPANY
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 5 GREENWAY PLAZA, SUITE 2700 74-1659398
(State or Other Jurisdiction of HOUSTON, TEXAS (I.R.S. Employer
Incorporation or Organization) (Address of Principal Executive Offices) Identification No.)
77046
(Zip Code)
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1998 LONG-TERM INCENTIVE PLAN OF POGO PRODUCING COMPANY
(Full title of the plan)
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GERALD A. MORTON
VICE PRESIDENT - LAW, CHIEF
REGULATORY OFFICER AND
CORPORATE SECRETARY
POGO PRODUCING COMPANY
5 GREENWAY PLAZA, SUITE 2700
HOUSTON, TEXAS 77046
(Name and Address of Agent for Service)
(713) 297-5000
(Telephone Number, Including Area Code,
of Agent for Service)
CALCULATION OF REGISTRATION FEE
Proposed
Title of Amount Proposed Maximum Maximum Amount of
Securities to be to be Offering Price Per Aggregate Registration
Registered Registered(1) Share(2) Offering Price(2) Fee
---------------- ------------- ------------------ ----------------- ------------
Common Stock (par value $1 per 750,000 shares $33.29 $24,967,500 $2,297
share)...................
(1) This Registration Statement also covers (a) such indeterminable
additional number of shares as may become deliverable as a result of
any future adjustments in accordance with the terms of the 1998
Long-Term Incentive Plan and (b) the associated rights to purchase
preferred stock, which initially are attached to and trade with the
shares of Common Stock being registered hereby. The value attributable
to those associated rights, if any, is reflected in the market price
of the Common Stock.
(2) Estimated in accordance with Rule 457(c) and (h) solely for the
purpose of calculating the registration fee and based upon the average
of the high and low sales price reported on the New York Stock
Exchange Composite Tape on August 14, 2002.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Note: The document(s) containing the information concerning the 1998 Long-Term
Incentive Plan (as amended and restated through July 16, 2002) of Pogo Producing
Company (the "Plan") required by Item 1 of Form S-8 and the statement of
availability of registrant information and any other information required by
Item 2 of Form S-8 will be sent or given to participants as specified by Rule
428 under the Securities Act of 1933, as amended (the "Securities Act"). In
accordance with Rule 428 and with 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. Pogo
Producing Company (the "Registrant" or the "Company") shall maintain a file of
such documents in accordance with the provisions of Rule 428. Upon request, the
Registrant shall furnish the Commission or its staff a copy or copies of all of
the documents included in such file.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. Incorporation of Documents by Reference.
The following documents, which have been filed by the Registrant with
the Securities and Exchange Commission, are incorporated herein by reference:
(a) The Registrant's Annual Report on Form 10-K filed pursuant to
Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), for the fiscal year ended December 31, 2001, as the same has been amended
through the date hereof;
(b) The Registrant's Quarterly Reports on Form 10-Q filed pursuant to
Section 13 of the Exchange Act, for the periods ended March 31, 2002 and June
30, 2002, as the same has been amended through the date hereof;
(c) All other reports filed by the Registrant pursuant to Section
13(a), 14 or 15(d) of the Exchange Act since the end of the fiscal year covered
by the Registrant's Annual Report referred to in (a) above; and
(d) The description of the Registrant's common stock contained in the
Company's Registration Statement on Form 8-A filed with the Commission pursuant
to Section 12 of the Exchange Act, as the same has been amended through the date
hereof, and as the same may be further amended from time to time.
All documents subsequently filed by the Registrant 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
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 a part hereof from the date
of filing of such documents.
The Company's financial statements incorporated by reference in this
Registration Statement were audited by Arthur Andersen LLP. On April 15, 2002,
the Company's Board of Directors, upon the recommendation of its audit
committee, dismissed Arthur Andersen LLP as the Company's independent auditors.
The Company has been unable to obtain, after reasonable efforts, the written
consent of Arthur Andersen LLP to incorporate by reference that firm's reports
on the financial statements. Under these circumstances, Rule 437a under the
Securities Act of 1933 permits this Registration Statement to be filed without a
written consent from Arthur Andersen LLP. The absence of such a written consent
may limit the ability of purchasers of the securities covered by this
Registration Statement to assert claims against Arthur Andersen LLP under
Section 11(a) of the Securities Act of 1933 for any untrue statement of a
material fact contained in the financial statements audited by Arthur Andersen
LLP or any omissions to state a material fact required to be stated therein.
ANY STATEMENT CONTAINED HEREIN OR 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 DOCUMENT WHICH ALSO IS OR IS DEEMED TO BE 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.
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ITEM 4. Description of Securities.
Not Applicable.
ITEM 5. Interests of Named Experts and Counsel.
Certain legal matters in connection with the shares of Common Stock
offered hereby are being passed upon for the Company by Gerald A. Morton, who is
the Vice President - Law, Chief Regulatory Officer and Corporate Secretary of
the Company. Such opinion has been filed as an exhibit to this Registration
Statement. Mr. Morton is an officer of the Company and owns, and has options to
purchase, shares of common stock of the Company.
ITEM 6. Indemnification of Officers and Directors.
Section 145 of the Delaware General Corporation Law, inter alia,
empowers a Delaware corporation to indemnify any person who was or is a party or
is threatened to be made a party to any threatened, pending or completed action,
suit or proceeding (other than an action by or in the right of the corporation)
by reason of the fact that such a person is or was a director, officer, employee
or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including attorney's fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. Similar indemnity is authorized for such persons in
respect of threatened, pending or completed actions or suits by or in the right
of the corporation against expenses (including attorney's fees) actually and
reasonably incurred in connection with the defense or settlement of any such
threatened, pending or completed action or suit if such person acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the corporation, and provided further that no indemnification shall
be made in respect of any claim, issue or matter (unless a court of competent
jurisdiction otherwise provides) as to which such person shall not have been
adjudged liable to the corporation. Section 145 further provides that, to the
extent that a present or former director or officer of a corporation has been
successful on the merits or otherwise in defense of any such action, suit or
proceeding, or in defense of any claim, issue or matter therein, such person
shall be indemnified against expenses (including attorneys' fees) actually and
reasonably incurred by such person in connection therewith.
Section 145 further authorizes a corporation to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee or
agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation or enterprise,
against any liability asserted against him and incurred by him in any such
capacity, or arising out of his status as such, whether or not the corporation
would otherwise have the power under Section 145. Article X of the Restated
Certificate of Incorporation of the Company eliminates the personal liability of
each director of the Company to the Company and its stockholders for monetary
damages for breach of fiduciary duty as a director involving any act or omission
of any director occurring on or after September 30, 1986; provided, however that
such provision does not eliminate or limit the liability of a director (i) for
any breach of such director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law (iii) under Title 8,
Section 174 of the General Corporation Law of the State of Delaware or (iv) for
any transaction from which such director derived an improper personal benefit.
The Bylaws of the Company provide that the Company will indemnify and
hold harmless, to the fullest extent permitted by applicable law as in effect as
of the date of the adoption of the Bylaws or as it may thereafter be amended,
any person who was or is made or is threatened to be made a party or is
otherwise involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative (a "proceeding") by reason of the fact that he,
or a person for whom he is the legal representative, is or was a director,
officer, employee or agent of the Company or is or was serving at the request of
the Company as a director, officer, employee, fiduciary or agent of another
corporation or of a partnership, joint venture, trust, enterprise or non-profit
entity including services with respect to employee benefit plans, against all
liability and loss suffered and expenses reasonably incurred by such person. The
Bylaws further provide that the Company will indemnify a person in connection
with a proceeding initiated by such person only if the proceeding was authorized
by the Board of Directors of the Company.
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The Bylaws further provide that the Company will pay the expenses
incurred in defending any proceeding in advance of its final disposition,
provided, however, that the payment of expenses insured by a director or officer
in his capacity as a director or officer (except with regard to service to an
employee benefit plan or non-profit organizations in advance of the final
disposition of the proceeding) will be made only upon receipt of an undertaking
by the director or officer to repay all amounts advanced if it should be
ultimately determined that the director or officer is not entitled to be
indemnified.
The Company has placed in effect insurance which purports (a) to insure
it against certain costs of indemnification which may be incurred by it pursuant
to the aforementioned Bylaw provision or otherwise and (b) to insure the
officers and directors of the Company and of specified subsidiaries against
certain liabilities incurred by them in the discharge of their functions as
officers and directors, including liabilities under the Securities Act of 1933,
as amended.
ITEM 7. Exemption from Registration Claimed.
Not Applicable.
ITEM 8. Exhibits.
The following documents are filed as exhibits to this Registration
Statement or, if marked with an asterisk, incorporated by reference as shown.
Exhibit
No. Description
*4.1 -- Restated Certificate of Incorporation of Pogo Producing
Company(Exhibit 3(a), Annual Report on Form 10-K for the year
ended December 31, 1997, File No. 1-7792).
*4.2 -- Certificate of Amendment of Amended and Restated Certificate
of Incorporation of Pogo Producing Company(Exhibit 4.3,
Registration Statement on Form S-3 filed on May 11, 2001, File
No. 333-60800).
*4.3 -- Certificate of Designation, Preferences and Rights of
Preferred Stock of Pogo Producing Company, dated March 25,
1987 (Exhibit 3(a)(1), Annual Report on Form 10-K for the year
ended December 31, 1987, File No. 0-5468).
*4.4 -- Bylaws of Pogo Producing Company, as amended and restated
through July 16, 2002 (Exhibit 4.1, Quarterly Report on Form
10-Q for the periods ended June 30, 2002, File No. 1-7792).
*4.5 -- Rights Agreement dated as of April 26, 1994 between Pogo
Producing Company and Harris Trust Company of New York, as
Rights Agent (Exhibit 4, Current Report on Form 8-K filed
April 26, 1994, File No. 1-7792).
*4.6 -- Certificate of Designation of Series A Junior Participating
Preferred Stock of Pogo Producing Company dated April 26, 1994
(Exhibit 4(d), Registration Statement on Form S-8 filed August
9, 1994, File No. 33-54969).
4.7 -- 1998 Long-Term Incentive Plan (as amended and restated through
July 16, 2002).
5 -- Opinion of Gerald A. Morton, Vice President - Law and
Corporate Secretary.
23.1 -- Consent of Arthur Andersen LLP (omitted pursuant to Rule 437a
under the Securities Act)
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23.2 -- Consent of Ryder Scott Company, L. P.
23.3 -- Consent of Miller and Lents, Ltd.
23.4 -- Consent of Gerald A. Morton (included in Exhibit 5).
24 -- Powers of Attorney
* Asterisk indicates incorporated by reference as shown.
ITEM 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration
Statement:
(i) to include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;
(ii) to reflect in the prospectus any facts or events
arising after the effective date of the registration
statement (or the most recent post-effective
amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the
information set forth in the registration statement.
Notwithstanding the foregoing, any increase or
decrease in the volume of securities offered (if the
total dollar value of securities offered would not
exceed that which was registered) and any deviation
from the low or high end of the estimated maximum
offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change
in the maximum aggregate offering price set forth in
the "Calculation of Registration Fee" table in the
effective registration statement.
(iii) to include any material information with
respect to the plan of distribution not previously
disclosed in the registration statement or any
material change to such information in the
registration statement;
provided, however, that paragraphs (a)(1)(i) and
(a)(1)(ii) do not apply if the information required
to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed
with or furnished to the Commission by the registrant
pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 that are incorporated by
reference in the registration statement.
(2) That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment
shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such
securities at the time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration statement shall be
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deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1993 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the provisions described in Item 6 above,
or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
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 Houston, State of Texas, on the 15th day of August,
2002.
POGO PRODUCING COMPANY
By: /s/ PAUL G. VAN WAGENEN
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Paul G. Van Wagenen
Chairman, President and Chief
Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 15th day of August, 2002.
Signature Title
--------- -----
/s/ PAUL G. VAN WAGENEN Chairman, President and Chief
--------------------------------------------------- Executive Officer
Paul G. Van Wagenen (Principal Executive Officer and Director)
/s/ JAMES P. ULM, II Senior Vice President and Chief
--------------------------------------------------- Financial Officer
James P. Ulm, II (Principal Financial Officer)
/s/ THOMAS E. HART Vice President and Chief Accounting
--------------------------------------------------- Officer
Thomas E. Hart (Principal Accounting Officer)
* Director
---------------------------------------------------
Jerry M. Armstrong
* Director
---------------------------------------------------
Robert H. Campbell
* Director
---------------------------------------------------
William L. Fisher
* Director
---------------------------------------------------
Gerrit W. Gong
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Signature Title
--------- -----
* Director
---------------------------------------------------
Carroll W. Suggs
* Director
---------------------------------------------------
Stephen A. Wells
*By: /s/ THOMAS E. HART
-----------------------------------------------
Thomas E. Hart
Attorney-in-Fact
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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*4.1 -- Restated Certificate of Incorporation of Pogo Producing
Company(Exhibit 3(a), Annual Report on Form 10-K for the year
ended December 31, 1997, File No. 1-7792).
*4.2 -- Certificate of Amendment of Amended and Restated Certificate
of Incorporation of Pogo Producing Company(Exhibit 4.3,
Registration Statement on Form S-3 filed on May 11, 2001, File
No. 333-60800).
*4.3 -- Certificate of Designation, Preferences and Rights of
Preferred Stock of Pogo Producing Company, dated March 25,
1987 (Exhibit 3(a)(1), Annual Report on Form 10-K for the year
ended December 31, 1987, File No. 0-5468).
*4.4 -- Bylaws of Pogo Producing Company, as amended and restated
through July 16, 2002 (Exhibit 4.1, Quarterly Report on Form
10-Q for the periods ended June 30, 2002, File No. 1-7792).
*4.5 -- Rights Agreement dated as of April 26, 1994 between Pogo
Producing Company and Harris Trust Company of New York, as
Rights Agent (Exhibit 4, Current Report on Form 8-K filed
April 26, 1994, File No. 1-7792).
*4.6 -- Certificate of Designation of Series A Junior Participating
Preferred Stock of Pogo Producing Company dated April 26, 1994
(Exhibit 4(d), Registration Statement on Form S-8 filed August
9, 1994, File No. 33-54969).
4.7 -- 1998 Long-Term Incentive Plan (as amended and restated through
July 16, 2002).
5 -- Opinion of Gerald A. Morton, Vice President - Law and
Corporate Secretary.
23.1 -- Consent of Arthur Andersen LLP (omitted pursuant to Rule 437a
under the Securities Act)
23.2 -- Consent of Ryder Scott Company, L.P.
23.3 -- Consent of Miller and Lents, Ltd.
23.4 -- Consent of Gerald A. Morton (included in Exhibit 5).
24 -- Powers of Attorney
* Asterisk indicates incorporated by reference as shown.