As filed with the Securities and Exchange Commission on January 8, 2002
Registration No. 033-60667
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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POST-EFFECTIVE AMENDMENT NO. 2
TO
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
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UNITED STATES STEEL CORPORATION(1)
(Exact name of Registrant as Specified in Its Charter)
DELAWARE 25-1897152
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification Number)
600 GRANT STREET PITTSBURGH, PA 15219-2800
(Address of Principal Executive Offices) (Zip Code)
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PARITY INVESTMENT BONUS
(Full Title of the Plan)
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Dan D. Sandman
Vice Chairman and Chief Legal & Administrative Officer,
General Counsel and Secretary
91制片厂 Corporation
600 Grant Street, Pittsburgh, PA 15219-2800
(Name and Address of Agent For Service)
(412) 433-1121
(Telephone Number, Including Area Code, of Agent For Service)
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(1) This Post-Effective Amendment No. 2 is being filed by 91制片厂
Corporation as successor issuer to USX Corporation pursuant to Rule 414
promulgated under the Securities Act of 1933, as amended.
POST-EFFECTIVE AMENDMENT NO. 2 TO REGISTRATION STATEMENT
GENERAL
This Post-Effective Amendment No. 2 ("Post-Effective Amendment No. 2")
to the Registration Statement on Form S-8 (File No. 033-60667) (the
"Registration Statement") of Marathon Oil Corporation, a Delaware corporation
formerly known as USX Corporation ("MOC"), is filed pursuant to Rule 414
promulgated under the Securities Act of 1933, as amended (the "Act"), by United
States Steel Corporation ("USS" or the "Corporation"). In connection with the
Separation (as defined below), USS hereby adopts this Registration Statement as
its own for all purposes under the Act and the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). After giving effect to the filing of this
Post-Effective Amendment No. 2, USS will be the issuer of the shares of common
stock, par value $1.00 per share ("91制片厂 Corporation Common
Stock), covered by this Registration Statement and MOC will not be the
registrant hereunder.
After giving effect to the filing of this Post-Effective Amendment No.
2, the plan to which the Registration Statement relates will be United States
Steel Corporation's Parity Investment Bonus plan (the "Plan"), which amends and
restates in its entirety the Parity Investment Bonus plan of MOC. After giving
effect to the filing of this Post-Effective Amendment No. 2, the securities
covered by this Registration Statement will be 400,000 shares of United States
Steel Corporation Common Stock.
The Plan became effective in accordance with its terms upon the
consummation of the Separation.
THE SEPARATION
On July 31, 2001, the Board of Directors of MOC approved a Plan of
Reorganization (the "Plan of Reorganization") to separate MOC into two
independent companies (the "Separation"). The Separation became effective as of
11:59 p.m. on December 31, 2001. As a result of the Separation, the businesses
of the U. S. Steel Group of MOC (the "Steel Group") are now owned and operated
by 91制片厂 Corporation, an independent, publicly traded company
wholly owned by the holders of the formerly outstanding USX-U. S. Steel Group
Common Stock, par value $1.00 per share ("Steel Group Stock"). Pursuant to the
Agreement and Plan of Reorganization, among other things: (i) USX Merger
Corporation, a wholly owned subsidiary of MOC, was merged with and into MOC,
with MOC being the surviving corporation, (ii) each outstanding share of Steel
Group Stock was converted into the right to receive one share of United States
Steel Corporation Common Stock, (iii) MOC changed its name from USX Corporation
to Marathon Oil Corporation, and continues to own and operate the businesses of
the Marathon Group of MOC, and (iii) the USX-Marathon Group Common Stock, par
value $1.00 per share, remains outstanding, unaffected by the Separation, as the
sole outstanding shares of common stock of MOC. The Separation and related
transactions are described more fully in USS's Registration Statement on Form
S-4 filed with the Securities and Exchange Commission (the "Commission") (File
No. 333-69090) on September 7, 2001, as amended on September 20, 2001.
PART I
INFORMATION REQUIRED IN SECTION 10(A) PROSPECTUS
Note: The document(s) containing the information concerning the Plan
required by Item 1 of Form S-8 and the statement of availability of registrant
information, Plan information and other information required by Item 2 of Form
S-8 will be sent or given to employees as specified by Rule 428. In accordance
with Rule 428 and the requirements of Part I of Form S-8, such documents are not
being filed with the Commission either as part of this Registration Statement or
as prospectuses or prospectus supplements pursuant to Rule 424. USS shall
maintain a file of such documents in accordance with the provisions of Rule 428.
Upon request, USS shall furnish the Commission or its staff a copy or copies of
any or all documents included in such file.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents have been filed by 91制片厂
Corporation, a Delaware corporation ("USS" or the "Corporation"), and its
predecessor Marathon Oil Corporation, a Delaware corporation formerly known as
USX Corporation ("MOC"), with the Commission and are incorporated herein by
reference:
SEC FILINGS PERIOD
MOC's Annual Report on Form 10-K Year ended December 31, 2000, as filed on March 12, 2001, as amended on
September 14, 2001.
MOC's Quarterly Reports on Form 10-Q Quarter ended March 31, 2001, as filed on May 11, 2001;
Quarter ended June 30, 2001, as filed on August 6, 2001;
Quarter ended September 30, 2001, as filed on November 9, 2001.
MOC's Current Reports on Form 8-K Dated February 27, 2001, April 24, 2001, June 15, 2001, July 2, 2001,
July 31, 2001, August 1, 2001, August 2, 2001, August 6, 2001, October
12, 2001, October 22, 2001, October 25, 2001, November 2, 2001, November
5, 2001, November 7, 2001, November 28, 2001, December 4, 2001 and
December 14, 2001.
USS's Current Report on Form 8-K Dated January 3, 2002.
MOC's Proxy Statement on Schedule 14A Filed on August 15, 2001
The description of USS's common stock set forth Filed on December 31, 2001.
in USS's Registration Statement on Form 8-A/A
pursuant to Section 12 of the Exchange Act,
including any amendment or report filed for the
purpose of updating any such description
All documents filed by USS with the Commission 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 to this Registration Statement that
indicates that all securities offered hereby have been sold or that de-registers
all securities then remaining unsold, shall be deemed to be incorporated in this
Registration Statement by reference and to be a part hereof from the date of
filing of such documents.
Any statement contained in this Registration Statement, in an amendment
hereto, or in a document incorporated by reference herein, shall be deemed
modified or superseded for purposes of this Registration Statement to the extent
that a statement contained herein, in any subsequently filed supplement to this
Registration Statement, or any document that is also 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.
Item 4. DESCRIPTION OF SECURITIES.
Not applicable.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Robert M. Stanton, Assistant General Counsel and Assistant Secretary of
USS, who is passing on the validity of the common stock offered pursuant to the
Plan, owns shares of 91制片厂 Corporation Common Stock.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Article V of the By-Laws of the Corporation provides that the
Corporation shall indemnify to the fullest extent permitted by law any person
who is made or is threatened to be made a party or is involved in any action,
suit, or proceeding whether civil, criminal, administrative or investigative by
reason of the fact that he is or was a director, officer, employee or agent of
the Corporation or is or was serving at the request of the Corporation as an
officer, director, employee or agent of another corporation, partnership, joint
venture, trust, enterprise, or nonprofit entity.
The Corporation is empowered by Section 145 of the Delaware General
Corporation Law, subject to the procedures and limitations stated therein, 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 (other than an action by or in
the right of the Corporation) by reason of the fact that such person is or was
an officer, employee, agent or director 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 attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by such person 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. The Corporation may
indemnify any such person against expenses (including attorneys' fees) in an
action by or in the right of the Corporation under the same conditions, except
that no indemnification is permitted without judicial approval if such person is
adjudged to be liable to the Corporation. To the extent a director or officer is
successful on the merits or otherwise in the
defense of any action referred to above, the Corporation must indemnify him
against the expenses which he actually and reasonably incurred in connection
therewith.
Policies of insurance are maintained by the Corporation under which
directors and officers of the Corporation are insured, within the limits and
subject to the limitations of the policies, against certain expenses in
connection with the defense of actions, suits or proceedings, and certain
liabilities which might be imposed as a result of such actions, suits or
proceedings, to which they are parties by reason of being or having been such
directors or officers.
The Corporation's Certificate of Incorporation provides that no
director shall be personally liable to the Corporation or its stockholders for
monetary damages for any breach of fiduciary duty by such director as a
director, except (i) for breach of the 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)
pursuant to Section 174 of the Delaware General Corporation Law, or (iv) for any
transaction from which the director derived an improper personal benefit.
Item 7. EXEMPTIONS FROM REGISTRATION CLAIMED.
Not applicable.
Item 8. EXHIBITS.
Refer to Exhibit Index following.
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 the 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 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 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
registration statement is on form S-3, Form S-8 or Form F-3, and 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 that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of 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 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 1933 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 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.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
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
Post-Effective Amendment No. 2 to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Pittsburgh, Commonwealth of
Pennsylvania, on January 8, 2002.
UNITED STATES STEEL CORPORATION
By: /s/ Gretchen R. Haggerty
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Gretchen R. Haggerty
Senior Vice President and Controller
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Post-Effective Amendment No. 2 to the Form S-8 Registration Statement has
been signed below by the following persons in the capacities indicated on
January 8, 2002.
NAME TITLE
Chairman of Board, Chief
Executive Officer and President
* (Principal Executive Officer and Director)
- -----------------------------------
Thomas J. Usher
Vice Chairman & Chief Financial Officer
* (Principal Financial Officer,
- ----------------------------------- and Director)
John P. Surma, Jr.
/s/ Gretchen R. Haggerty Senior Vice President and Controller
- ----------------------------------- (Controller)
Gretchen R. Haggerty
* Director
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J. Gary Cooper
*
- ----------------------------------- Director
Robert J. Darnall
*
- ----------------------------------- Vice Chairman and Director
Roy G. Dorrance
*
- ----------------------------------- Director
Shirley Ann Jackson
*
- ----------------------------------- Director
Charles R. Lee
*
- ----------------------------------- Director
Paul E. Lego
NAME TITLE
*
- ----------------------------------- Director
John F. McGillicuddy
*
- ----------------------------------- Vice Chairman and Director
Dan D. Sandman
*
- ----------------------------------- Director
Seth E. Schofield
*
- ----------------------------------- Director
John W. Snow
*
- ----------------------------------- Director
Douglas C. Yearley
* By: /s/ Gretchen R. Haggerty
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Gretchen R. Haggerty, attorney-in fact
EXHIBIT INDEX
Exhibit
Number Description
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4(a) Rights Agreement, dated as of December 31, 2001, by and between USS
and Mellon Investor Services, LLC, as Rights Agent filed as Exhibit 4
to the Registration Statement on Form 8-A/A, filed on December 31,
2001 and incorporated herein by reference).
4(b) Indenture, dated as of July 27, 2001, among 91制片厂 LLC
and 91制片厂 Financing Corp., Issuers, USX Corporation,
Guarantor, and The Bank of New York, Trustee (incorporated by
reference to Exhibit 4.2 to USX Corporation's Form 10-Q filed for the
period ending June 30, 2001).
4(c) Form of Indenture among 91制片厂 LLC, Issuer; USX
Corporation, Guarantor; and The Bank of New York, Trustee
(incorporated by reference to Exhibit 4.1 to 91制片厂's
Registration Statement on Form S-4/A (File No. 333-71454) filed on
November 5, 2001).
5 Opinion of Robert M. Stanton regarding the validity of United States
Steel Corporation common stock to be issued.
23(a) Consent of PricewaterhouseCoopers LLP.
23(b) Consent of Robert M. Stanton, contained in opinion of counsel filed as
Exhibit 5.
24 Powers of Attorney.