As filed with the Securities and Exchange Commission on May 15, 2002
Registration No. 333-03289
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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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PNM RESOURCES, INC.
(Formerly known as Manzano Corporation)
(Exact name of registrant as specified in its charter)
New Mexico 85-0468296
(State or other jurisdiction (I.R.S. employer
of incorporation or organization) Identification No.)
Alvarado Square
Albuquerque, New Mexico 87158
(Address of principal executive offices, including zip code)
PNM RESOURCES, INC.
DIRECTOR RETAINER PLAN
(Full title of the plan)
M.H. Maerki
Senior Vice President and Chief Financial Officer
PNM Resources, Inc.
Alvarado Square
Albuquerque, New Mexico 87158
(505) 241-2700
(Name, address and telephone number, including area code, of agent for service)
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The Commission is requested to mail signed copies of all orders, notices and
communications to:
C. L. Moore
Keleher & McLeod, P.A.
414 Silver Avenue, S. W.
Albuquerque, New Mexico 87103
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This Post-Effective Amendment No. 2 to the Registration Statement (Registration
No. 333-03289) shall become effective upon filing in accordance with Rule 464
under the Securities Act of 1933.
CALCULATION OF REGISTRATION FEE
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Title of Amount to be Proposed maximum Proposed maximum Amount of
securities to registered offering price aggregate offering registration
be registered per unit (1) price (1) fee
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Common Stock,
no par value 100,000 shares $27.10 $2,710,000 $647.69
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(1) Estimated for the purpose of calculating the registration fee pursuant to
Rule 457 of the Securities Act of 1933. As to shares of common stock
issuable pursuant to the director retainer plan, the offering price is
calculated solely on the basis of the average of the high and low sale
prices of the common stock of PNM Resources, Inc. on the New York Stock
Exchange Composite Transaction Tape on May 13, 2002.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The document(s) containing the information specified in Part I of
Form S-8 will be sent or given to participating employees as specified by Rule
428(b)(1) of the Securities Act of 1933. These documents and the documents
incorporated by reference into this registration statement pursuant to Item 3 of
Part II of this registration statement, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents previously filed with the Commission by
PNM Resources, Inc. and its wholly owned subsidiary, Public Service Company of
New Mexico ("PNM"), are hereby incorporated by reference in this registration
statement:
1. PNM Resources and PNM's Annual Report on Form 10-K for the
year ended December 31, 2001.
2. PNM Resources and PNM's Quarterly Report on Form 10-Q for the
quarter ended March 31, 2002.
3. PNM Resources' Current Reports filed on Form 8-K dated January
15, 2002, January 23, 2002, January 24, 2002, February 21,
2002, February 27, 2002, March 14, 2002, March 19, 2002, April
5, 2002, April 9, 2002, April 19, 2002, April 24, 2002, and
May 10, 2002.
4. PNM Resources' Current Report on Form 8-K filed with the
Commission on December 31, 2001 which includes the description
of the common stock of PNM Resources, no par value per share,
and any amendment or report filed for the purpose of updating
such description.
5. All other reports filed by PNM or PNM Resources pursuant to
Section 13(a) or 15(d) of the Securities Exchange Act on or
after December 31, 2001.
All documents subsequently filed by PNM Resources pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
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 will be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this
registration statement to the extent that a statement contained herein or in any
other subsequently filed document which is also incorporated or deemed to be
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.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
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Section 6 of Article II of PNM Resources's By-Laws contains the
following provisions with respect to indemnification of directors and officers:
Each person serving as a director or an officer of the
Corporation, or, at the request of the Corporation, as a director
or an officer of any other company in which the Corporation has a
financial interest and regardless of whether or not the person is
then in office, and the heirs, executors, administrators and
personal representatives of the person, shall be indemnified by
the Corporation to the full extent of the authority of the
Corporation to so indemnify as authorized by New Mexico law.
Section 53-11-4.1 of the Business Corporation Act of the State of
New Mexico provides that a corporation shall have power to indemnify any person
made (or threatened to be made) a party to any proceeding (whether threatened,
pending or completed) by reason of the fact that the person is or was a director
(or, while a director, is or was serving in any of certain other capacities) if:
(1) the person acted in good faith; (2) the person reasonably believed: (a) in
the case of conduct in the person's official capacity with the corporation, that
the person's conduct was in its best interests; and (b) in all other cases, that
the person's conduct was at least not opposed to its best interests; and (3) in
the case of any criminal proceeding, the person had no reasonable cause to
believe the person's conduct was unlawful. Indemnification may be made against
judgments, penalties, fines, settlements and reasonable expenses actually
incurred by the person in connection with the proceeding, but may be limited or
unavailable with respect to certain proceedings. In some instances,
indemnification of a director may be mandatory or, upon the application of a
director, may be ordered by a court. Reasonable expenses incurred by a director
may, under certain circumstances, be paid or reimbursed in advance of a final
disposition of a proceeding. Unless limited by its articles of incorporation, a
corporation may (or, as the case may be, shall) indemnify and advance expenses
to an officer of the corporation to the same extent as to a director under
Section 53-11-4.1. Also, unless limited by its articles of incorporation, a
corporation has (1) the power to indemnify and to advance expenses to an
employee or agent of the corporation to the same extent that it may indemnify
and advance expenses to directors under the statute and (2) additional power to
indemnify and to advance reasonable expenses to an officer, employee or agent
who is not a director to such further extent, consistent with law, as may be
provided by its articles of incorporation, bylaws, general or specific action of
its Board of Directors, or contract.
Section 53-11-4.1 was amended in 1987 to provide that the
indemnification authorized thereunder shall not be deemed exclusive of any
rights to which those seeking indemnification may be entitled under the articles
of incorporation, the by-laws, an agreement, a resolution of shareholders or
directors or otherwise.
Insurance is maintained on a regular basis (and not specifically
in connection with this offering) against liabilities arising on the part of
directors and officers out of their performance in such capacities or arising on
the part of PNM Resources out of its foregoing indemnification provisions,
subject to certain exclusions and to the policy limits.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
See Exhibit Index.
ITEM 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
1. To file, during any period in which offers of 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;
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(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 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 (1)(i) and (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 a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.
4. 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.
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 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 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.
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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 Albuquerque, State of New Mexico, on May 15,
2002.
PNM RESOURCES, INC.
By: /s/ M. H. Maerki
--------------------------------
M. H. Maerki
Senior Vice President and
Chief Financial Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below, hereby constitutes and appoints J.E Sterba, M.H. Maerki and J.R.
Loyack, and each of them, his or her true and lawful attorneys-in-fact and
agents, 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 to this registration statement, including post-effective
amendments, and to file the same, with all exhibits thereto and other documents
in connection therewith, with the 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 or she might
or could do in person, hereby ratifying and conforming all that said
attorneys-in-fact and agents, and each of them, or the substitute or substitutes
of any or all of them, 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 their
capacities and on the dates indicated.
Signature Capacity Date
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/s/ J. E. Sterba Chairman, President and Chief May 15, 2002
----------------------- Executive Officer; Director
J. E. Sterba (Principal Executive Officer)
/s/ M. H. Maerki Senior Vice President and Chief May 15, 2002
----------------------- Financial Officer
M. H. Maerki (Principal Financial Officer)
/s/ J. R. Loyack Vice President, Corporate Controller May 15, 2002
----------------------- and Chief Accounting Officer
J. R. Loyack (Principal Accounting Officer)
/s/ R. G. Armstrong Director May 15, 2002
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R. G. Armstrong
/s/ R. M. Chavez Director May 15, 2002
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R. M. Chavez
/s/ J. A. Godwin Director May 15, 2002
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J. A. Godwin
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Director May 15, 2002
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M. T. Pacheco
/s/ T. F. Patlovich Director May 15, 2002
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T. F. Patlovich
/s/ R. M. Price Director May 15, 2002
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R. M. Price
/s/ P. F. Roth Director May 15, 2002
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P. F. Roth
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EXHIBIT INDEX
Exhibit No. Description
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4.1.1 Restated Articles of Incorporation of PNM Resources, Inc.
(incorporated by reference to Exhibit 3.1 of PNM
Resources and PNM's Annual Report on Form 10-K for the
year ended December 31, 2001).
4.2 Bylaws of PNM Resources, Inc. as amended through April
17, 2001 (incorporated by reference to Exhibit 4.2 of the
Post-Effective Amendment No. 1 to the registration
statement on Form S-3 of PNM Resources, Inc., File No.
333-10993, filed on October 4, 2001).
15 Letter regarding Unaudited Interim Financial Information.
23 Consent of Arthur Andersen LLP.
24 Power of Attorney (See signatures page in Part II).
An opinion of counsel as to the valid issuance of the securities being
registered under this registration statement is not required because the
securities will not be original issuance securities. If that situation should
change, an appropriate opinion of counsel will be filed.
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