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As filed with the Securities and Exchange Commission on August 3, 1999
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
_________
LANDS' END, INC.
(Exact name of registrant as specified in its charter)
Delaware 36-2512786
(State of incorporation) (I.R.S. Employer
Identification No.)
One Lands' End Lane
Dodgeville, Wisconsin 53595
(608) 935-9341
(Address of principal executive offices)
____________
Lands' End, Inc. Stock Option Plan
(formerly the Lands' End, Inc. 1990 Stock Option Plan)
(Full title of the plans)
_____________
David F. Dyer
President and Chief Executive Officer
One Lands' End Lane
Dodgeville, Wisconsin 53595
(608) 935-9341
(Name, address, including zip code, and telephone number, including area
code, of agent for service)
Copy to:
Robert S. Osborne, P.C.
Kirkland & Ellis
200 East Randolph Drive
Chicago, Illinois 60601
Calculation of Registration Fee
____________________________________________________________________________
Title of | |Proposed maximum|Proposed maximum |Amount of
securities to |Amount to be|offering price |aggregate offering|registration
be registered |registered |per share (1) |price (1) |fee (1)
____________________________________________________________________________
Common Stock, | | | |
par value | 4,500,000 | | |
$0.01 per share| shares (2) | $45.625 | $205,312,500 |$57,076.88
___________________________________________________________________________
(1) Estimated pursuant to Rule 457(h) solely for the purpose of calculating
the amount of the registration fee based upon the average of the high
and low prices reported for the shares on the New York Stock Exchange on
July 30, 1999.
(2) Represents the increase in the total number of shares reserved for
issuance under the Lands' End, Inc. Stock Option Plan, as amended
effective May 19, 1999 (the "Plan"). An aggregate of 1,000,000 shares
has been previously registered under a Registration Statement on Form
S-8 (Reg. No. 333-46133). This Registration Statement also covers such
an indeterminate number of additional shares as may be issued pursuant
to the antidilution provisions of the Plan.
Statement Under General Instruction E - Registration of Additional Securities
Pursuant to General Instruction E of Form S-8, this Registration
Statement is filed solely to register an additional 4,500,000 shares of common
stock, par value $0.01 per share, of the Registrant reserved for issuance
under the Lands' End, Inc. Stock Option Plan, as amended (the "Plan"). This
increase is the result of (i) the approval by the unanimous vote of the
Registrant's shareholders in May, 1994 of an increase in the authorized number
of shares that may be issued upon exercise of options granted under the Plan
to 1,250,000, (ii) a two-for-one stock split in declared in May, 1994 and
(iii) the approval by the unanimous vote of the Registrant's shareholders in
May, 1999 of an increase in the authorized number of shares that may be issued
upon exercise of options granted under the Plan to 5,500,000, Pursuant to
Instruction E, the contents of the Registrant's Registration Statement on Form
S-8, File No. 333-46133, including without limitation periodic reports that
the Registrant filed, or will file, after such Form S-8 to maintain current
information about the Registrant, are hereby incorporated by reference into
this Registration Statement pursuant to General Instruction E of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.Exhibits.
See "Index to Exhibits".
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 have duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, and in the capacity indicated, in the City of Dodgeville, State of
Wisconsin, on the third day of August, 1999.
LANDS' END, INC.
By: /s/ DAVID F. DYER
Name: David F. Dyer
Title: President and
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints David F. Dyer, Stephen A. Orum and Pamela
Patzke and each of them, his true and lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for him and in his name,
place and stead, in any and all capacities, to sign any or 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, granting unto said
attorneys-in-fact and agents, and each of them full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said attorneys-
in-fact and agents or any of them, or their or his substitute or substitutes,
may lawfully do or cause to be done by virtue hereof.
* * * * *
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement and power of attorney have been signed on
August 3, 1999, by the following persons in the capacities indicated:
Signature Capacity
/s/ DAVID F. DYER President, Chief Executive Officer
David F. Dyer and Director
(principal executive officer)
/s/ RICHARD C. ANDERSON Director
Richard C. Anderson
/s/ DAVID B. HELLER Director
David B. Heller
/s/ JOHN N. LATTER Director
John N. Latter
/s/ GARY C. COMER Director
Gary C. Comer
/s/ HOWARD G. KRANE Director
Howard G. Krane
/s/ DANIEL OKRENT Director
Daniel Okrent
/s/ STEPHEN A. ORUM Executive Vice President,
Stephen A. Orum Chief Operating Officer and
Chief Financial Officer
(principal financial and accounting
officer)
INDEX TO EXHIBITS
Exhibit
No. Description of Exhibits
4.1 Lands' End, Inc. Stock Option Plan (incorporated by
reference to the Company's Notice of 1999 Annual Meeting
And Proxy Statement)
5.1 Opinion of Kirkland & Ellis with respect to the validity
of the securities being registered
23.1 Consent of Arthur Andersen LLP
23.2 Consent of Kirkland & Ellis (included in its opinion
filed as Exhibit 5.1)
24.1 Power of Attorney (included on the signature page of this
Registration Statement)
EXHIBIT 23.1
Consent of Independent Public Accountants
As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement of our report dated March 5, 1999
included in the Company's Form 10-K (Registration File No. 001-09769) for the
fiscal year ended January 29, 1999, and to all references to our Firm
included in this registration statement.
/s/ ARTHUR ANDERSEN LLP
Arthur Andersen LLP
Milwaukee, Wisconsin
August 3, 1999
KIRKLAND & ELLIS
PARTNERSHIPS INCLUDING PROFESSIONAL CORPORATIONS
200 East Randolph Drive
Chicago, Illinois 60601
Exhibit 5.1
To Call Writer Direct: 312 861-2000 Facsimile:
312 861-2000 312 861-2200
August 3, 1999
Lands' End, Inc.
One Lands' End Lane
Dodgeville, Wisconsin 53595
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We are acting as special counsel to Lands' End, Inc., a Delaware
corporation (the "Company"), in connection with the proposed registration
by the Company of 4,500,000 shares (the "Shares") of its Common Stock, par
value $0.01 per share (the "Common Stock"), pursuant to a Registration
Statement on Form S-8, filed with the Securities and Exchange Commission
(the "Commission") on the date hereof under the Securities Act of 1933, as
amended (the "Act") (such Registration Statement, as amended or
supplemented, is hereinafter referred to as the "Registration Statement").
The Shares are to be issued by the Company to officers and certain key
employees of the Company pursuant to the Lands' End, Inc. Stock Option
Plan, as amended (the "Plan").
In that connection, we have examined such corporate proceedings,
documents, records and matters of law as we have deemed necessary to enable
us to render this opinion.
For purposes of this opinion, we have assumed the authenticity of all
documents submitted to us as originals, the conformity to the originals of
all documents submitted to us as copies and the authenticity of the
originals of all documents submitted to us as copies. We have also assumed
the legal capacity of all natural persons, the genuineness of the
signatures of persons signing all documents in connection with which this
opinion is rendered, the authority of such persons signing on behalf of the
parties thereto other than the Company and the due authorization, execution
and delivery of all documents by the parties thereto other than the
Company. As to any facts material to the opinions expressed herein, we
have relied upon the statements and representations of officers and other
representations of the Company and others.
Our opinion expressed below is subject to the qualifications that we
express no opinion as to the applicability of, compliance with, or effect
of (i) any bankruptcy, insolvency, reorganization, fraudulent transfer,
fraudulent conveyance, moratorium or other similar law affecting the
enforcement of creditors' rights generally; (ii) general principles of
equity (regardless of whether enforcement is considered in a proceeding in
equity or at law); (iii) public policy considerations which may limit the
rights of parties to obtain certain remedies; and (iv) any laws except the
internal laws of the State of Illinois, the General Corporation law of the
State of Delaware and the federal law of the United States of America.
Based upon and subject to the foregoing qualifications, assumptions
and limitations and the further limitations set forth below, we hereby
advise you that in our opinion:
(1) The Plan has been duly adopted by the Board of Directors and
approved by the stockholders of the Company.
(2) The Shares are duly authorized and validly reserved for issuance
pursuant to the Plan and, when: (i) the Registration Statement becomes
effective under the Act; (ii) the Shares are issued in accordance with the
terms of the Plan; (iii) the recipient provides the full consideration for
such Shares as required by the terms of the Plan (assuming in each case the
consideration received by the Company is at least equal to $0.01 per
share); and (iv) certificates representing the Shares have been duly
executed and delivered on behalf of the Company and duly countersigned by
the Company's transfer agent/registrar, the Shares will be validly issued,
fully paid and nonassessable.
We hereby consent to the filing of this opinion with the Commission as
Exhibit 5.1 to the Registration Statement. In giving this consent, we do
not thereby admit that we are in the category of persons whose consent is
required under Section 7 of the Act or the rules and regulations of the
Commission.
We do not find it necessary for the purposes of this opinion, and
accordingly we do not purport to cover herein, the application of the
securities or "Blue Sky" laws of the various states to the issuance and
sale of the Shares.
This opinion is limited to the specific issues addressed herein, and
no opinion may be inferred or implied beyond that expressly stated herein.
We assume no obligation to revise or supplement this opinion should the
present laws of the States of Illinois or Delaware or the federal law of
the United States be changed by legislative action, judicial decision or
otherwise.
This opinion is furnished to you in connection with the filing of the
Registration Statement and is not to be used, circulated, quoted or
otherwise relied upon for any other purpose.
Very truly yours,
/s/ KIRKLAND & ELLIS
Kirkland & Ellis