AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 28, 2006
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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HEALTHMARKETS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 75-2044750
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
9151 BOULEVARD 26
NORTH RICHLAND HILLS, TEXAS 76180
(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, Including Area Code:
(817) 255-5200
AMENDED AND RESTATED HEALTHMARKETS, INC. AGENTS' TOTAL OWNERSHIP PLAN
AMENDED AND RESTATED HEALTHMARKETS, INC. AGENCY MATCHING TOTAL OWNERSHIP PLAN
AMENDED AND RESTATED HEALTHMARKETS, INC. AGENTS' CONTRIBUTION TO EQUITY PLAN
AMENDED AND RESTATED HEALTHMARKETS, INC. MATCHING AGENCY CONTRIBUTION PLAN
(Full Title of the Plans)
GLENN W. REED, ESQ.
EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL
HEALTHMARKETS, INC.
9151 BOULEVARD 26
NORTH RICHLAND HILLS, TEXAS 76180
(817) 255-5200
(Name, Address and Telephone Number of Agent for Service)
CALCULATION OF REGISTRATION FEE
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PROPOSED
MAXIMUM PROPOSED
AMOUNT TO OFFERING MAXIMUM
TITLE OF BE PRICE AGGREGATE AMOUNT OF
SECURITIES TO BE REGISTERED(1) PER SHARE OFFERING REGISTRATION
REGISTERED (2) (3) PRICE FEE
Class A-2 Common
Stock, par value
$.01 per share 5,000,000 $ 37.00 $ 185,000,000 $19,795.00
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(1) In addition, pursuant to Rule 416(c) promulgated under the Securities Act of
1933, this registration statement also covers an indeterminate amount of
additional securities in order to adjust the number of securities registered
as a result of a stock split, stock dividend or similar transaction
affecting the class A-2 common stock.
(2) 1,944,000 shares to be registered pursuant to Amended and Restated
HealthMarkets, Inc. Agents' Total Ownership Plan; 1,389,000 shares to be
registered pursuant to Amended and Restated HealthMarkets, Inc. Agency
Matching Total Ownership Plan; 833,500 shares to be registered pursuant to
Amended and Restated HealthMarkets, Inc. Agents' Contribution to Equity
Plan; and 833,500 shares to be registered pursuant to Amended and Restated
HealthMarkets, Inc. Matching Agency Contribution Plan.
(3) Estimated solely for the purpose of calculating the registration fee in
accordance with 457(h) of the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
NOTE: This registration statement covers up to 5,000,000 shares of the class A-2
common stock of HealthMarkets, Inc. (the "Company" or the "Registrant"), par
value $0.01 per share, to be delivered from time to time in accordance with the
terms of the Registrant's stock accumulation Plans (as defined herein)
established for the benefit of the independent insurance agents associated with
UGA - Association Field Services and Cornerstone America (divisions of the MEGA
Life and Health Insurance Company and Mid-West National Life Insurance Company
of Tennessee, respectively), the independent field service representatives
associated with Performance Driven Awards, Inc. and Success Driven Awards, Inc.
(subsidiaries of the Company), and any other independent insurance agents or
field service representatives who may become participants in any of the Plans.
For purposes of this registration statement, the term "Plans" means the Amended
and Restated HealthMarkets, Inc. Agents' Total Ownership Plan, the Amended and
Restated HealthMarkets, Inc. Agency Matching Total Ownership Plan, the Amended
and Restated HealthMarkets, Inc. Agents' Contribution to Equity Plan, and the
Amended and Restated HealthMarkets, Inc. Matching Agency Contribution Plan.
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents, which have heretofore been filed by the Registrant with
the Securities and Exchange Commission (File No. 1-14953) are incorporated by
reference herein and shall be deemed to be a part hereof:
(a) Annual Report on Form 10-K for the fiscal year ended December 31,
2005;
(b) Current Reports on Form 8-K filed on February 17, 2006, March 20,
2006, March 30, 2006, April 5, 2006, April 10, 2006, April 11, 2006,
and April 17, 2006; and
(c) The description of the Registrant's class A-2 common stock, par value
$0.01 per share, contained in the Registrant's Registration Statement
on Form 8-A filed on April 5, 2006.
All documents subsequently filed by the Registrant pursuant to Sections 13(a),
13(c), 14 or 15(d) of the Securities Exchange Act of 1934 prior to the
termination of the offering of the offered securities 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 in this registration statement or in a document incorporated
or deemed to be incorporated by reference in this registration statement shall
be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained in this registration
statement, or in any subsequently filed document which is incorporated or deemed
to be incorporated by reference in this registration statement, modifies or
supersedes such statement. Any such 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.
The consolidated financial statements and schedules of HealthMarkets, Inc.
(formerly UICI) as of December 31, 2005 and 2004, and for each of the years in
the three-year period ended December 31, 2005, and management's assessment of
the effectiveness of internal control over financial reporting as of December
31, 2005 have been incorporated by reference herein, in reliance upon the
reports of KPMG LLP, independent registered public accounting firm, incorporated
by reference herein, and upon the authority of said firm as experts in
accounting and auditing.
The legality of the shares of class A-2 common stock of the Registrant to be
issued in connection with the Plans is being passed upon for the Registrant by
Glenn W. Reed, Executive Vice President and General Counsel of the Registrant.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145(a) of the Delaware General Corporation Law provides that a
corporation may 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 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 attorneys' fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by the person in
connection with such action, suit or proceeding if the person acted in good
faith and in a manner the person 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 or her conduct was
unlawful.
Section 145(b) of the Delaware General Corporation Law provides that a
corporation may indemnify any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action or suit by or in
the right of the corporation to procure a judgment in its favor by reason of the
fact that such person acted in any of the capacities set forth above, against
expenses (including attorneys' fees) actually and reasonably incurred by such
person in connection with the defense or settlement of such action or suit if
the person acted in good faith and in a manner the person reasonably believed to
be in or not opposed to the best interests of the corporation, except that no
indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation,
unless and only to the extent that the court in which such action or suit was
brought shall determine that, despite the
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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 shall deem proper.
Further subsections of Delaware General Corporation Law Section 145 provide
that:
o to the extent a present or former director or officer of a corporation has
been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in subsections (a) and (b) of Section 145 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;
o the indemnification and advancement of expenses provided for pursuant to
Section 145 shall not be deemed exclusive of any other rights to which those
seeking indemnification or advancement of expenses may be entitled under any
bylaw, agreement, vote of stockholders or disinterested directors or
otherwise; and
o the corporation shall have the power 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, 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 such person's status as such, whether or not the corporation
would have the power to indemnify such person against such liability under
Section 145.
Article IX of the Company's certificate of incorporation (i) authorizes the
indemnification of directors and officers (the "Indemnitees") under specified
circumstances to the fullest extent authorized by the Delaware General
Corporation Law, (ii) provides for the advancement of expenses to the
Indemnitees for defending any proceedings related to the specified
circumstances, (iii) gives the Indemnitees the right to bring suit against the
Company to enforce the foregoing rights to indemnification and advancement of
expenses, and (iv) authorizes the Company to maintain certain policies of
insurance to protect itself and any of its directors, officers or employees. The
Registrant has an insurance policy covering its directors and officers against
certain personal liability, which may include liabilities under the Securities
Act of 1933.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
See the Index to Exhibits, which is incorporated herein by reference.
ITEM 9. UNDERTAKINGS.
The undersigned Registrant hereby undertakes:
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(a) 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
together, 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 Securities
and Exchange 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) (i) and (a) (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 Securities and Exchange 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.
(b) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
treated to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be treated to be the initial bona fide offering thereof.
(c) To file a post-effective amendment to remove from registration any of
the securities being registered that remain unsold at the termination
of the offering.
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
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the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
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 Securities Act
of 1933 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 of 1933 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 North Richland Hills, State of Texas, on April 28,
2006.
HEALTHMARKETS, INC.
By: /s/ Glenn W. Reed
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Name: Glenn W. Reed
Title: Executive Vice President and General Counsel
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.
SIGNATURE TITLE DATE
*
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William J. Gedwed President, Chief April 28, 2006
Executive Officer and
Director
*
_______________________
Mark D. Hauptman Vice President, Chief April 28, 2006
Financial Officer and
Chief Accounting Officer
(principal financial
officer and principal
accounting officer)
*
_______________________
Chinh E. Chu Director April 28, 2006
*
_______________________
Matthew Kabaker Director April 28, 2006
*
_______________________
Adrian M. Jones Director April 28, 2006
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SIGNATURE TITLE DATE
*
_______________________
Nathaniel Zilkha Director April 28, 2006
*
_______________________
Kamil M. Salame Director April 28, 2006
*
_______________________
Mural R. Josephson Director April 28, 2006
*By:
/s/ Glenn W. Reed
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Glenn W. Reed
(Attorney-In-Fact)
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INDEX TO EXHIBITS
EXHIBIT DESCRIPTION
______________ _______________________________________________________________
3.1 Certificate of Incorporation of the Registrant (incorporated by
reference to Exhibit 1 to the Registrant's Registration
Statement on Form 8-A filed on April 5, 2006)
3.2 Certificate of Amendment to Certificate of Incorporation of
the Registrant (incorporated by reference to Exhibit 3.1 to the
Registrant's Current Report on Form 8-K filed on April 17,
2006)
3.3 By-Laws of the Registrant (incorporated by reference to Exhibit
2 to the Registrant's Registration Statement on Form 8-A filed
on April 5, 2006)
4.1 Specimen stock certificate of class A-2 common stock
(incorporated by reference to Exhibit 3 to the Registrant's
Registration Statement on Form 8-A filed on April 5, 2006)
4.2 Amended and Restated HealthMarkets, Inc. Agents' Total
Ownership Plan
4.3 Amended and Restated HealthMarkets, Inc. Agency Matching Total
Ownership Plan
4.4 Amended and Restated HealthMarkets, Inc. Agents' Contribution
to Equity Plan
4.5 Amended and Restated HealthMarkets, Inc. Matching Agency
Contribution Plan
5.1 Opinion of Glenn W. Reed regarding legality of securities
23.1 Consent of Registered Public Accounting Firm -- KPMG LLP
23.2 Consent of Glenn W. Reed (included in Exhibit 5.1)
24.1 Powers of Attorney