AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 11, 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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DYNEGY INC.
(Exact name of registrant as specified in its charter)
ILLINOIS 74-2928353
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1000 LOUISIANA, SUITE 5800
HOUSTON, TEXAS 77002
(Address of principal executive offices, including zip code)
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DYNEGY INC. 401(K) SAVINGS PLAN
ILLINOIS POWER COMPANY INCENTIVE SAVINGS PLAN
ILLINOIS POWER COMPANY INCENTIVE SAVINGS PLAN FOR
EMPLOYEES COVERED UNDER A COLLECTIVE BARGAINING AGREEMENT
(Full title of the plans)
KENNETH E. RANDOLPH, ESQ.
EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL
1000 LOUISIANA, SUITE 5800
HOUSTON, TEXAS 77002
(Name and address of agent for service)
(713) 507-6400
(Telephone number, including area code, of agent for service)
COPIES TO:
T. Mark Kelly
Vinson & Elkins L.L.P.
2300 First City Tower, 1001 Fannin
Houston, Texas 77002
(713) 758-2222
CALCULATION OF REGISTRATION FEE
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TITLE OF PROPOSED MAXIMUM PROPOSED MAXIMUM
SECURITIES TO BE AMOUNT TO BE OFFERING PRICE PER AGGREGATE AMOUNT OF
REGISTERED REGISTERED SHARE OFFERING PRICE REGISTRATION FEE
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Class A Common Stock, no par value 900,000(1) $26.37(2) $23,733,000(2) $5,672.19
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Plan Interests (3) (3) (3) (3)
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(1) The number of shares of Class A common stock being registered hereby
pursuant to the Dynegy Inc. 401(k) Savings Plan, the Illinois Power
Company Incentive Savings Plan and the Illinois Power Company Incentive
Savings Plan for Employees Covered Under a Collective Bargaining
Agreement is subject to adjustment to prevent dilution resulting from
stock splits, stock dividends or similar transactions.
(2) Estimated solely for the purpose of computing the registration fee
pursuant to Rule 457(c) and (h) under the Securities Act of 1933. The
calculation of the proposed maximum offering price is based upon the
average of the high and low sales prices of the Class A common stock of
the Registrant on January 8, 2002 as reported by the New York Stock
Exchange consolidated reporting system.
(3) Pursuant to Rule 416(c) of the Securities Act of 1933, this Registration
Statement covers an indeterminate amount of plan interests to be offered
or sold pursuant to the Dynegy Inc. 401(k) Savings Plan, the Illinois
Power Company Incentive Savings Plan and the Illinois Power Company
Incentive Savings Plan for Employees Covered Under a Collective
Bargaining Agreement.
EXPLANATORY NOTE
Dynegy Inc., an Illinois corporation ("Dynegy"), is filing this
registration statement for the purpose of registering (i) 500,000, 200,000
and 200,000 shares, respectively, of its Class A common stock, no par value
per share, subject to adjustment to prevent dilution resulting from stock
splits, stock dividends or similar transactions, available for issuance under
the Dynegy Inc. 401(k) Savings Plan, the Illinois Power Company Incentive
Savings Plan and the Illinois Power Company Incentive Savings Plan for
Employees Covered Under a Collective Bargaining Agreement, and (ii) an
indeterminate amount of plan interests to be offered or sold pursuant to each
such plan.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
ITEM 1. PLAN INFORMATION.
Information required by Part I, Item 1 to be contained in each Section
10(a) Prospectus is omitted from this registration statement in accordance with
Rule 428 under the Securities Act.
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.
Information required by Part I, Item 2 to be contained in each Section
10(a) Prospectus is omitted from this registration statement in accordance with
Rule 428 under the Securities Act.
PART II
INFORMATION REQUIRED IN THIS REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, which Dynegy has filed with the Securities and
Exchange Commission (the "Commission"), are incorporated by reference in this
registration statement:
(a) Dynegy's annual report on Form 10-K for the year ended December 31,
2000, as filed with the Commission on March 13, 2001;
(b) Dynegy's quarterly reports on Form 10-Q for the fiscal quarters
ended March 31, 2001, June 30, 2001 and September 30, 2001, as filed with
the Commission on May 14, 2001, August 14, 2001 and October 30, 2001,
respectively;
(c) Dynegy's current reports on Form 8-K filed with the Commission on
January 16, 2001, February 14, 2001, May 16, 2001, June 26, 2001 (Item 5
information only), November 14, 2001, November 29, 2001 (Item 5
information only), November 30, 2001, December 4, 2001 (Item 5 information
only), December 26, 2001 (Item 5 information only) and January 8, 2002;
and
(d) the description of Class A common stock contained in Dynegy's
Registration Statement on Form 8-A, as filed with the Commission on
February 2, 2000.
In addition, all documents Dynegy has filed pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended,
subsequent to the effective date of this Registration Statement, prior to the
filing of a post-effective amendment 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 of this Registration Statement from the date of filing of such
documents. Any statement contained herein or in any document incorporated or
deemed to be incorporated by reference shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained in any other subsequently filed document which also is or is
deemed to be incorporated by reference modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed to constitute a
part of this Registration Statement, except as so modified or superseded.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
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ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 8.75 of the Illinois Business Corporation Act empowers Illinois
corporations to indemnify any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative, by reason
of the fact that the person is or was a director, officer, employee or agent of
Dynegy, or is or was serving at the request of Dynegy as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorneys' fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by such person
in connection with such action, suit or proceeding, so long as such person acted
in good faith and in a manner such person reasonably believed to be in or not
opposed to the best interests of Dynegy and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his or her conduct was
unlawful. For actions or suits by or in the right of Dynegy, no indemnification
is permitted in respect of any claim, issue or matter as to which such person is
adjudged to be liable to Dynegy, unless and only to the extent that, the court
in which such action or suit was brought determines upon application that,
despite the adjudication of liability but in view of all the circumstances of
the case, such person is fairly and reasonably entitled to indemnity for such
expenses which the court deems proper. Any indemnification (unless ordered by a
court) will be made by Dynegy only as authorized in the specific case upon a
determination that indemnification of the director, officer, employee or agent
is proper in the circumstances because the person has met the applicable
standard of conduct set forth above. Such determination shall be made (1) by the
board of directors by a majority vote of a quorum consisting of the directors
who are not parties to such action, suit or proceeding, or (2) if such a quorum
is not obtainable or if such directors so direct, by independent legal counsel
in a written opinion, or (3) by the shareholders. To the extent that a director,
officer, employee or agent of Dynegy has been successful, on the merits or
otherwise, in the defense of any action, suit or proceeding described above 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. Such indemnification is not
exclusive of any other rights to which those indemnified may be entitled under
any bylaws, agreement, vote of shareholders or otherwise.
Section 8.75 also authorizes Dynegy to buy and maintain insurance on
behalf of any director, officer, employee or agent of Dynegy, or a person who is
or was serving at the request of Dynegy as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, against any liability asserted against such person and incurred by
such person in any such capacity, or arising out of the person's status as such,
whether or not Dynegy has the power to indemnify the person against such
liability.
Dynegy's amended and restated articles of incorporation require
indemnification of directors and officers, and Dynegy's bylaws allow
indemnification of employees and agents generally in accordance with the
language of Section 8.75. Additionally, the amended and restated articles of
incorporation authorize Dynegy to purchase and maintain insurance on behalf of
any person who is or was a director, officer, employee or agent of Dynegy, or
was or is serving at the request of Dynegy as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise against any liability asserted against or incurred by them in such
capacity or arising out of their status as such whether or not Dynegy would
have the power to indemnify such person against such liability under the
applicable provisions of the amended and restated articles of incorporation.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
4.1 Amended and Restated Articles of Incorporation (incorporated by
reference to Appendix A to Dynegy's Definitive Proxy Statement on
Schedule 14A filed with the Commission on April 25, 2001).
4.2 Amended and Restated Bylaws of Dynegy (incorporated by reference
to Exhibit 3.4 to Dynegy's Annual Report on Form 10-K for the year
ended December 31, 1999, File Number 1-15659, filed with the
Commission on March 2, 2000).
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4.3 Statement of Resolution Establishing Series of Series B
Mandatorily Convertible Redeemable Preferred Stock of Dynegy Inc.
(incorporated by reference to Exhibit 4.1 to Dynegy's Current
Report on Form 8-K, File Number 1-15659, filed with the Commission
on November 14, 2001).
4.4 Specimen Class A Common Stock Certificate (incorporated by
reference to Exhibit 4.4 to the registration statement of Dynegy
on Form S-8, File Number 333-47422, filed with the Commission on
October 5, 2000).
5.1* Opinion of Bell, Boyd & Lloyd LLC.
10.1* Dynegy Inc. 401(k) Savings Plan, as amended and restated effective
January 1, 2002.
10.2* Dynegy Inc. 401(k) Savings Plan Trust Agreement.
10.3* Illinois Power Company Incentive Savings Plan, as amended and
restated effective January 1, 2002.
10.4* Illinois Power Company Incentive Savings Plan Trust Agreement.
10.5* Illinois Power Company Incentive Savings Plan for Employees
Covered Under a Collective Bargaining Agreement, as amended and
restated effective January 1, 2002.
10.6* Illinois Power Company Incentive Savings Plan for Employees
Covered Under a Collective Bargaining Agreement Trust Agreement.
23.1* Consent of Arthur Andersen LLP.
23.2* Consent of Bell, Boyd & Lloyd LLC (contained in Exhibit 5.1
hereto).
24.1* Powers of Attorney (included on the signature page to this
registration statement).
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*filed herewith
ITEM 9. UNDERTAKINGS
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:
(a) To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(b) 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;
(c) 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 paragraphs (1)(a) and (1)(b) do not apply if the
registration information statement is on Form S-3 or Form S-8 and the
information required to be included in a post-effective amendment by those
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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.
(2) 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.
(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.
(4) That, for the purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan's 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.
(5) 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 foregoing provisions, 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.
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SIGNATURES
THE REGISTRANT. 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 11th day of
January 2002.
DYNEGY INC.
By: /s/ C.L. Watson
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C.L. Watson
Chairman of the Board, Chief
Executive Officer and Director
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Kenneth E. Randolph and Lisa Q. Metts and each of
them severally as his or her true and lawful attorneys-in-fact, with power to
act, with or without the other, 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 Securities
Act of 1933, and to file the same with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact full power and authority to do and perform each and
every act and anything appropriate or necessary to be done, as fully and for all
intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact may lawfully do or cause to be
done by virtue hereof.
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 11th day of January 2002.
SIGNATURE TITLE
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/s/ C.L. Watson Chairman of the Board, Chief
----------------------------- Executive Officer and Director
C.L. Watson (Principal Executive Officer)
/s/ Stephen W. Bergstrom
----------------------------- President, Chief Operating
Stephen W. Bergstrom Officer and Director
/s/ Robert D. Doty, Jr. Executive Vice President and
----------------------------- Chief Financial Officer
Robert D. Doty, Jr. (Principal Financial Officer)
/s/ Michael R. Mott Senior Vice President and
----------------------------- Controller
Michael R. Mott (Principal Accounting Officer)
/s/ Charles E. Bayless
-----------------------------
Charles E. Bayless Director
/s/ Darald W. Callahan
-----------------------------
Darald W. Callahan Director
/s/ Michael D. Capellas
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Michael D. Capellas Director
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/s/ Daniel L. Dienstbier
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Daniel L. Dienstbier Director
/s/ Patricia M. Eckert
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Patricia M. Eckert Director
/s/ Jerry L. Johnson
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Jerry L. Johnson Director
/s/ H. John Riley, Jr.
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H. John Riley, Jr. Director
/s/ Sheli Z. Rosenberg
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Sheli Z. Rosenberg Director
/s/ Joe J. Stewart
-----------------------------
Joe J. Stewart Director
-----------------------------
Glenn F. Tilton Director
-----------------------------
John S. Watson Director
/s/ J. Otis Winters
-----------------------------
J. Otis Winters Director
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THE PLANS. Pursuant to the requirements of the Securities Act of 1933, the
administrators of the Dynegy Inc. 401(k) Savings Plan, the Illinois Power
Company Incentive Savings Plan and the Illinois Power Company Incentive Savings
Plan for Employees Covered Under a Collective Bargaining Agreement,
respectively, have duly caused this registration statement to be signed on their
behalf by the undersigned, thereunto duly authorized, in the City of Houston,
State of Texas, on the 11th day of January 2002.
DYNEGY INC. BENEFIT PLANS COMMITTEE
By: /s/ Andrea Lang
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Name: Andrea Lang
Title: Senior Vice President, Human Resources
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Index to Exhibits
4.1 Amended and Restated Articles of Incorporation (incorporated by
reference to Appendix A to Dynegy's Definitive Proxy Statement on
Schedule 14A filed with the Commission on April 25, 2001).
4.2 Amended and Restated Bylaws of Dynegy (incorporated by reference
to Exhibit 3.4 to Dynegy's Annual Report on Form 10-K for the year
ended December 31, 1999, File Number 1-15659, filed with the
Commission on March 2, 2000).
4.3 Statement of Resolution Establishing Series of Series B
Mandatorily Convertible Redeemable Preferred Stock of Dynegy Inc.
(incorporated by reference to Exhibit 4.1 to Dynegy's Current
Report on Form 8-K, File Number 1-15659, filed with the Commission
on November 14, 2001).
4.4 Specimen Class A Common Stock Certificate (incorporated by
reference to Exhibit 4.4 to the registration statement of Dynegy
on Form S-8, File Number 333-47422, filed with the Commission on
October 5, 2000).
5.1* Opinion of Bell, Boyd & Lloyd LLC.
10.1* Dynegy Inc. 401(k) Savings Plan, as amended and restated effective
January 1, 2002.
10.2* Dynegy Inc. 401(k) Savings Plan Trust Agreement.
10.3* Illinois Power Company Incentive Savings Plan, as amended and
restated effective January 1, 2002.
10.4* Illinois Power Company Incentive Savings Plan Trust Agreement.
10.5* Illinois Power Company Incentive Savings Plan For Employees
Covered Under a Collective Bargaining Agreement, as amended and
restated effective January 1, 2002.
10.6* Illinois Power Company Incentive Savings Plan for Employees
Covered Under a Collective Bargaining Agreement Trust Agreement.
23.1* Consent of Arthur Andersen LLP.
23.2* Consent of Bell, Boyd & Lloyd LLC (contained in Exhibit 5.1
hereto).
24.1* Powers of Attorney (included on the signature page to this
registration statement).
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*filed herewith
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