As filed with the Securities and Exchange Commission on March 25, 2004
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------------
POTASH CORPORATION OF SASKATCHEWAN INC.
(Exact name of registrant as specified in its charter)
Canada
(State or other jurisdiction of incorporation or organization)
N/A
(I.R.S. Employer Identification No.)
122 - 1st Avenue South
Saskatoon, Saskatchewan, Canada S7K 7G3
306-933-8500
(Address, including zip code, and telephone number of
registrant's principal executive offices)
POTASH CORPORATION OF SASKATCHEWAN INC.
STOCK OPTION PLAN - OFFICERS AND EMPLOYEES
AND
STOCK OPTION PLAN -- DIRECTORS
(Full Titles of the Plans)
William J. Doyle
Potash Corporation of Saskatchewan Inc.
122 - 1st Avenue South
Saskatoon, Saskatchewan, Canada S7K 7G3
306-933-8500
(Name, Address, and Telephone Number, Including Area Code, of Agent for Service)
-------------------------
with copies to:
Craig Brod, Esq.
Cleary, Gottlieb, Steen & Hamilton
One Liberty Plaza
New York, NY 10006
(212) 225-2000
CALCULATION OF REGISTRATION FEE
----------------------- ------------------- ------------------- ------------------- -----------------
Title of Securities Amount Proposed Maximum Proposed Maximum Amount of
to be to be Offering Price Per Aggregate Registration
Registered (2) Registered (1) Share (2) Offering Price Fee (2)
----------------------- ------------------- ------------------- ------------------- -----------------
Common Shares,
no par Value 4,000,000 $77.80 $311,200,000 $39,429.04
----------------------- ------------------- ------------------- ------------------- -----------------
(1) Consists of Common Shares of Potash Corporation of Saskatchewan Inc.
(the "Registrant") to be issued pursuant to the Potash Corporation of
Saskatchewan Inc. Stock Option Plan - Officers and Employees and the
Potash Corporation of Saskatchewan Inc. Stock Option Plan - Directors
(collectively, the "Plan").
(2) Estimated solely for purposes of calculation of the registration fee,
based upon the average of the high and low prices of the Common Shares
reported on the New York Stock Exchange Composite Tape on March 23,
2004 pursuant to Rule 457(h) under the Securities Act of 1933, as
amended (the "Securities Act").
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The contents of the Registrant's Registration Statement on Form S-8
filed with the Commission on December 21, 2001 (Registration No. 333-75744) are
incorporated by reference in this Registration Statement.
Item 6. Indemnification of Directors and Officers
Section 124 of The Canada Business Corporations Act authorizes
corporations to indemnify past and present directors, officers and certain other
individuals for liabilities incurred in connection with their services as such
(including costs, expenses and settlement payments) if such individual acted
honestly and in good faith with a view to the best interests of the corporation
and, in the case of a criminal or administrative proceeding, if such individual
had reasonable grounds for believing his or her conduct was lawful. In the case
of a suit by or on behalf of the corporation, a court must approve the
indemnification.
Section 11(4) of the Registrant's Bylaws provides that the Registrant
shall indemnify directors and officers to the extent required or permitted by
law.
The Registrant has entered into agreements with its directors and
officers (each an "Indemnitee") to indemnify the Indemnitee, to the extent
permitted by law and subject to certain limitations, against all costs
reasonably incurred by an Indemnitee in an action or proceeding to which the
Indemnitee was made a party by reason of the Indemnitee being an officer and/or
director of (i) the Registrant or (ii) if at the request of the Registrant, of
an organization of which the Registrant is a shareholder or creditor.
The Registrant maintains insurance policies relating to certain
liabilities that its directors and officers may incur in such capacity.
Item 8. Exhibits
The following exhibits are filed with or incorporated by reference into
this Registration Statement (numbering corresponds to Exhibit Table in Item 601
of Regulation S-K):
4.1 Potash Corporation of Saskatchewan Inc. Stock Option Plan - Officers
and Employees
4.2 Potash Corporation of Saskatchewan Inc. Stock Option Plan - Directors
5.1 Opinion of Robertson Stromberg Pedersen LLP, Canadian counsel to the
Registrant, as to the legality of the shares being registered
23.1 Consent of Deloitte & Touche LLP, independent public accountants for
the Registrant
23.2 Consent of Robertson Stromberg Pedersen LLP, included in Exhibit 5.1
24.1 Power of Attorney, included on signature page
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
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Saskatoon, Province of Saskatchewan, Canada, on
the 25th day of March, 2004.
POTASH CORPORATION OF SASKATCHEWAN INC.
By: /s/ William J. Doyle
-------------------------------------
William J. Doyle
President and Chief Executive Officer
POWER OF ATTORNEY
-----------------
Each person whose signature appears below constitutes and
appoints William J. Doyle, Wayne R. Brownlee and John L.M. Hampton, his or her
true and lawful attorney-in-fact and agent, each acting alone, with full power
of substitution and resubstitution, for him or her and in his or her 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, each acting alone, full power and authority to do and perform each and
every act and thing appropriate or necessary to be done in connection therewith,
as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorney-in-fact and agent, acting
alone, or his or her substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated, on the dates indicated below.
Name Title Date
---- ----- ----
/s/ Dallas J. Howe
------------------------- Chair March 25, 2004
Dallas J. Howe
/s/ Wayne R. Brownlee
------------------------- Senior Vice President, March 25, 2004
Wayne R. Brownlee Treasurer and Chief Financial
Officer (Principal financial
and accounting officer)
/s/ Frederick J. Blesi
--------------------------- Director March 25, 2004
Frederick J. Blesi
/s/ John W. Estey
--------------------------- Director March 25, 2004
John W. Estey
/s/ Wade Fetzer III
--------------------------- Director March 25, 2004
Wade Fetzer III
/s/ Alice D. Laberge
--------------------------- Director March 25, 2004
Alice D. Laberge
/s/ Jeffrey J. McCaig
--------------------------- Director March 25, 2004
Jeffrey J. McCaig
/s/ Mary Mogford
--------------------------- Director March 25, 2004
Mary Mogford
/s/ Paul J. Schoenhals
--------------------------- Director March 25, 2004
Paul J. Schoenhals
/s/ E. Robert Stromberg, Q.C.
--------------------------- Director March 25, 2004
E. Robert Stromberg, Q.C.
/s/ Jack G.Vicq
--------------------------- Director March 25, 2004
Jack G.Vicq
/s/ Elena Viyella de Paliza
--------------------------- Director March 25, 2004
Elena Viyella de Paliza
PCS Administration (USA), Inc. Authorized Representative in March 25, 2004
the United States
/s/ Barbara Jane Irwin
-------------------------------------------
Barbara Jane Irwin, Senior Vice President,
Administration
EXHIBIT INDEX
Exhibit No. Description Method of Filing
4.1 Potash Corporation of Saskatchewan Filed herewith
Inc. Stock Option Plan - Officers
and Employees
4.2 Potash Corporation of Saskatchewan Filed herewith
Inc. Stock Option Plan - Directors
5.1 Opinion of Robertson Stromberg Filed herewith
Pedersen LLP, Canadian counsel to
the Registrant, as to the legality
of the shares being registered
23.1 Consent of Filed herewith
Deloitte & Touche LLP
23.2 Consent of Robertson Stromberg Filed herewith
Pedersen LLP (included in Exhibit
5.1)
24.1 Power of Attorney, included on Filed herewith
signature page