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TABLE OF CONTENTS
Table of Contents
As filed with the Securities and Exchange Commission on May 8, 2012
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
MOTOROLA SOLUTIONS, INC.
(Exact name of Registrant as specified in its charter)
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Delaware
(State of incorporation)
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36-1115800
(IRS Employer Identification No.)
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Lewis A. Steverson
Senior Vice President, General Counsel
and Corporate Secretary
Motorola Solutions, Inc.
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1303 E. Algonquin Road
Schaumburg, Illinois 60196
(847) 576-5000
(Address, including zip code, and telephone number, including
area code, of Registrant's principal executive offices)
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1303 E. Algonquin Road
Schaumburg, Illinois 60196
(847) 576-5000
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
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With a copy to:
Oscar A. David
R. Cabell Morris, Jr.
Winston & Strawn LLP
35 West Wacker Drive
Chicago, Illinois 60601
(312) 558-5600
Approximate date of commencement of proposed sale to the public:
From time to time after the effective date of this Registration Statement.
If the only securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, check the following
box.
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If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.
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If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.
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If this form is a post-effective amendment filed pursuant to Rule 462(b) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.
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If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective
upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.
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If this Form is a post-effective amendment to a registration statement filed pursuant General Instruction I.D. filed to register additional
securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. check the following box.
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting
company. See definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
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(Do not check if a
smaller reporting company)
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Smaller reporting company
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CALCULATION OF REGISTRATION FEE
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Title of Each Class of Securities
to be Registered(1)
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Amount to be
Registered(2)
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Proposed Maximum
Offering Price
Per Unit(2)
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Proposed Maximum
Aggregate Offering
Price(2)
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Amount of
Registration Fee(3)
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Debt Securities, Common Stock, par value $0.01 per share, Debt Securities Warrants, Common Stock Warrants, Stock Purchase Contracts and Stock
Purchase Units
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Total
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(1)
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An
indeterminate aggregate initial offering price or number of the securities of each identified class is being registered as may from time to time be
offered at indeterminate prices or upon conversion, exchange or exercise of securities registered hereunder to the extent any such securities are, by their terms, convertible into, or exchangeable or
exercisable for, such securities. Separate consideration may or may not be received for securities that are issuable on conversion, exchange or exercise of other securities or that are issued in
units.
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(2)
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An
indeterminate aggregate initial offering price or number of the securities of each identified class is being registered as may from time to time be
offered at indeterminate prices. Separate consideration may or may not be received for securities that are issuable on conversion, exchange or exercise of other securities or that are issued in units
or represented by depositary shares.
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(3)
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In
accordance with Rules 456(b) and 457(r) under the Securities Act at 1933, as amended (the "Securities Act"), the Registrant is deferring payment
of all of the registration fee.
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PROSPECTUS
Debt Securities and Debt Securities Warrants
Common Stock and Common Stock Warrants
Stock Purchase Contracts and Stock Purchase Units
We
may use this prospectus to offer and sell securities from time to time. The types of securities we may sell include:
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unsecured senior debt
securities
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warrants to purchase common
stock
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unsecured
subordinated debt securities
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stock purchase
contracts
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warrants to
purchase debt securities
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stock purchase
units
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common stock
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units consisting of any
combination of these securities
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This
prospectus describes some of the general terms that may apply to these securities and the general manner in which they may be offered. We will provide the specific terms of these
securities in supplements to this prospectus prepared in connection with each offering. The securities offered will contain other significant terms and conditions. Please read this prospectus and the
applicable prospectus supplement carefully before you invest.
Our
common stock is listed on the New York Stock Exchange and trades under the symbol "MSI." Each prospectus supplement will indicate if the securities offered thereby will be listed or
quoted on a securities exchange or quotation system.
Investing in our securities involves risks. You should carefully read and consider the risk factors included in our periodic reports filed
with the Securities and Exchange Commission, in any applicable prospectus supplement relating to a specific offering of securities and in any other documents we file with the Securities and Exchange
Commission. See the section entitled "Risk Factors" on page 3 of this prospectus, in our other filings with the Securities and Exchange Commission and in the applicable prospectus
supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or
determined if this prospectus or any prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The
date of this prospectus is May 8, 2012.
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Neither we nor the underwriters, if any, have authorized anyone to provide you with any information or to make any representation other than those contained in or
incorporated by reference into this prospectus or in any free writing prospectus that we may file with the Securities and Exchange Commission (the "SEC") in connection with this offering. We do not,
and the underwriters, if any, do not, take any responsibility for, and can provide no assurances as to, the reliability of any information that others may provide you. We are not offering to sell any
securities in any jurisdiction where such offer and sale are not permitted. The information contained in or incorporated by reference into this prospectus or any prospectus supplement, free writing
prospectus or other offering material is accurate only as of the date of those documents or information, regardless of the time of delivery of the documents or information or the time of any sale of
the securities. Neither the delivery of this prospectus or any applicable prospectus supplement nor any distribution of securities pursuant to such documents shall, under any circumstances, create any
implication that there has been no change in the information set forth in this prospectus or any applicable prospectus supplement or in our affairs since the date of this prospectus or any applicable
prospectus supplement.
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ABOUT THIS PROSPECTUS
This prospectus is part of an "automatic shelf" registration statement that we filed with the SEC as a "well-known seasoned
issuer" as defined in Rule 405 of the Securities Act. By using a shelf registration statement, we may sell at any time, and from time to time, an indeterminate amount of any combination of the
securities described in this prospectus in one or more offerings.
This
prospectus provides you with only a general description of the securities we may offer. It is not meant to be a complete description of any security. Each time we sell securities,
we will provide a prospectus supplement that will contain specific information about the terms of that offering, including the specific amounts, prices and terms of the securities offered. We and any
underwriter or agent that we may from time to time retain may also provide other information relating to an offering, which we refer to as "other offering material." The prospectus supplement as well
as the other offering material may also add, update or change information contained in this prospectus or in the documents we have incorporated by reference into this prospectus. You should read this
prospectus, any prospectus supplement, and any other offering material (including any free writing prospectus) prepared by or on behalf of us for a specific offering of securities, together with
additional information described in the section entitled "Where You Can Find More Information" below and any other offering material.
Throughout this prospectus, where we indicate that information may be supplemented in an applicable prospectus supplement or supplements, that information may also be supplemented in other offering
material. If there is any inconsistency between this prospectus and the information contained in a prospectus supplement or any free writing prospectus, you should rely on the information in the
prospectus supplement or such free writing prospectus.
Unless
we state otherwise or the context otherwise requires, references to "Motorola Solutions," the "Company," "us," "we" or "our" in this prospectus mean Motorola
Solutions, Inc. and its consolidated subsidiaries. When we refer to "you" in this section, we mean all purchasers of the securities being offered by this prospectus and any accompanying
prospectus supplement, whether they are the holders or only indirect owners of those securities.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements and other information with the SEC. You may read and copy any
document we file at the SEC's public reference room at 100 F Street NE, Washington, D.C. 20549. Please call the SEC at l-800-SEC-0330 for further
information on the public reference room. Our SEC filings, including the registration statement and the exhibits and schedules thereto are also available to the public from the SEC's website at
http://www.sec.gov. You can also access our SEC filings through our website at www.motorolasolutions.com. Except as expressly set forth below, we are not incorporating by reference the contents of the
SEC website or our website into this prospectus.
The
SEC allows us to incorporate by reference the information we file with the SEC, which means that we can disclose important information to you by referring you to those documents. The
information that we incorporate by reference is considered to be part of this prospectus.
Information
that we file later with the SEC will automatically update and supersede this information. This means that you must look at all of the SEC filings that we incorporate by
reference to determine if any of the statements in this prospectus or in any documents previously incorporated by reference have been modified or superseded. See the section entitled "Incorporation by
Reference" below.
Nothing
in this prospectus shall be deemed to incorporate information furnished but not filed with the SEC pursuant to Item 2.02 or Item 7.01 of
Form 8-K.
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You
may request a copy of these filings and any exhibit incorporated by reference in these filings at no cost, by writing or telephoning us at the following address or number:
Lewis
A. Steverson
Corporate Secretary, Motorola Solutions, Inc.
1303 East Algonquin Road
Schaumburg, Illinois 60196
Telephone: (847) 576-5000
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Except for historical matters, the matters discussed in this prospectus are forward-looking statements within the meaning of applicable
federal securities law. These statements generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. We can give no assurance that any future
results or events discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any
subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the
statements contained in this prospectus. Forward-looking statements in this prospectus, including those incorporated by reference herein, may include, but are not limited to, statements about:
(1) industry growth and demand, including opportunities resulting from such growth, (2) customer spending, (3) the impact of each segment's strategy, (4) the impact from
the loss of key customers, (5) competitive position, (6) increased competition, (7) the impact of regulatory matters, (8) the impact from the allocation and regulation of
spectrum, (9) the availability of materials and components, energy supplies and labor, (10) the seasonality of the business, (11) the firmness of each segment's backlog,
(12) the competitiveness of our patent portfolio, (13) the impact of research and development, (14) the consequences of a disruption in manufacturing, (15) the ultimate
disposition of pending legal matters and timing, (16) market growth/contraction, demand, spending and resulting opportunities, (17) the return of capital to shareholders through
dividends and/or repurchasing shares, (18) the success of our business strategy and portfolio, (19) future payments, charges, use of accruals and expected cost-saving and
profitability benefits associated with our reorganization of business programs and employee separation costs, (20) our ability and cost to repatriate funds, (21) the impact of the timing
and level of sales and the geographic location of such sales, (22) the impact of maintaining inventory, (23) future cash contributions to pension plans or retiree health benefit plans,
(24) our ability to collect on Motorola Solutions' fund used to invest most of its U.S.
dollar-denominated cash (the "Sigma Fund") and other investments, (25) our ability and cost to access the capital markets, (26) our ability to borrow and the amount available under our
credit facilities, (27) our ability to retire outstanding debt, (28) our ability and cost to obtain performance related bonds, (29) adequacy of resources to fund expected working
capital and capital expenditure measurements, (30) expected payments pursuant to commitments under long-term agreements, (31) the ability to meet minimum purchase
obligations, (32) our ability to sell accounts receivable and the terms and amounts of such sales, (33) the outcome and effect of ongoing and future legal proceedings, (34) the
impact of recent accounting pronouncements on our financial statements, (35) the expected effective tax rate and deductibility of certain items, (36) the impact of foreign currency
exchange risks, (37) future hedging activity and expectations of Motorola Solutions, (38) the ability of counterparties to financial instruments to perform their obligations, and
(39) other factors described in our news releases and filings with the SEC including, but not limited to, the factors under the heading "Risk Factors" in our Form 10-K for
the year ended December 31, 2011, which is incorporated by reference herein.
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THE COMPANY
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government
customers. As of the first quarter of 2012, we report financial results for the following two segments:
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Government
: Our Government segment
includes sales of public safety mission-critical communications systems, commercial two-way radio systems and devices, software and services.
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Enterprise
: Our Enterprise segment
includes sales of rugged and enterprise-grade mobile computers and tablets, laser/imaging/RFID-based data capture products, wireless local area network and integrated digital enhanced
network infrastructure, software and services.
Motorola
Solutions is a corporation organized under the laws of the State of Delaware as the successor to an Illinois corporation organized in 1928. The Company's principal executive
offices are located at 1303 East Algonquin Road, Schaumburg, Illinois 60196 (telephone number (847) 576-5000).
RISK FACTORS
Investing in our securities involves risks. You should carefully consider the risk factors described in Part I, Item 1A,
"Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2011 and our other reports filed from time to time with the SEC, which are incorporated by
reference into this prospectus, as the same may be amended, supplemented or superseded from time to time by our filings under the Exchange Act, as well as any prospectus supplement relating to a
specific security. Before making any investment decision, you should carefully consider these risks as well as other information we include or incorporate by reference in this prospectus or in any
applicable prospectus supplement or free writing prospectus. For more information, see the section entitled "Where You Can Find More Information" on page 1. These risks could materially affect our
business, results of operations or financial condition and affect the value of our securities. You could lose all or part of your investment. Additional risks and uncertainties not presently known to
us or that we currently deem immaterial may also affect our business, results of operations or financial condition.
USE OF PROCEEDS
Unless otherwise set forth in the applicable prospectus supplement, we intend to use the net proceeds of any offering of our securities
for working capital expenditures and other general corporate purposes. We will have significant discretion in the use of any net proceeds. The net proceeds from the sale of securities may be invested
temporarily until they are used for their stated purpose. We may provide additional information on the use of the net proceeds from the sale of our securities in an applicable prospectus supplement or
other offering materials related to the offered securities.
DESCRIPTION OF SECURITIES
This prospectus contains summary descriptions of the debt securities, common stock, debt securities warrants, common stock warrants,
stock purchase contracts and stock
purchase units that we may offer and sell from time to time. These summary descriptions are not meant to be complete descriptions of any security. At the time of an offering and sale, this prospectus,
together with the accompanying prospectus supplement, will contain the material terms of the securities being offered.
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DESCRIPTION OF DEBT SECURITIES
The following is a general description of the debt securities that we may offer from time to time. The particular terms of the debt
securities offered by any prospectus supplement and the extent, if any, to which the general provisions described below may apply will be described in the applicable prospectus supplement. We may also
sell hybrid or novel securities now existing or developed in the future that combine certain features of debt securities and other securities described in this prospectus.
The
debt securities will be either senior debt securities or subordinated debt securities. We will issue the "senior debt securities" under the "senior indenture" dated May 1,
1995 between us and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A. (as successor trustee to JPMorgan Chase Bank (as successor in interest
to Bank One Trust Company))), or any successor trustee. We will issue the "subordinated debt securities" under a "subordinated indenture" between us and the trustee named therein, or any successor
trustee. The senior indenture and the subordinated indenture are collectively referred to in this prospectus as the "indentures," and each of the trustee under the senior indenture and the trustee
under the subordinated indenture are referred to in this prospectus as a "trustee." The senior indenture and a form of subordinated indenture are included as exhibits to this registration statement
and the following description is qualified in its entirety by reference to the provisions of the indentures and the applicable prospectus supplement. You should read these documents carefully to fully
understand the terms of the debt securities.
The
numerical references in parentheses below are to sections of the indentures. Unless otherwise indicated, capitalized terms used in the following summary that are defined in the
indentures have the meanings used in the indentures. As used in this "Description of Debt Securities," the "company" refers to Motorola Solutions, Inc. and does not, unless the context
otherwise indicates, include our subsidiaries.
General
The senior debt securities are unsubordinated obligations of the company. They will be unsecured and will rank equally with each other
and all of our other unsubordinated debt, unless otherwise indicated in the applicable prospectus supplement (section 301 of the senior indenture). Each applicable prospectus supplement will
set forth, as of the most recent practicable date, the aggregate amount of outstanding debt that would rank junior to the senior debt securities. The subordinated debt securities are subordinated in
right of payment to the prior payment in full of our senior indebtedness. See "Subordinated Indenture Provisions" below. The subordinated debt securities will be unsecured and will rank
equally with each other, unless otherwise indicated in the applicable prospectus supplement (section 301 of the subordinated indenture). We will set forth in each applicable prospectus
supplement, as of the most recent practicable date, the aggregate amount of our outstanding debt that would rank senior to the subordinated debt securities. The indentures do not limit the aggregate
principal amount of debt securities that we may issue thereunder and provide that we may issue debt securities thereunder from time to time in one or more series.
We will prepare a prospectus supplement for each series of debt securities that we issue. Each prospectus supplement will set forth the
applicable terms of the debt securities to which it relates, which may include the following:
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the title of the debt securities;
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any limit on the aggregate principal amount of the debt securities;
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the maturity of the debt securities;
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the interest rate or method of calculation of the interest rate and the date from which interest will accrue;
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the interest payment dates and the record dates for payment of interest, or the discount to face value and accretion rate
in the case of debt securities issued at a substantial discount to the principal amount;
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the price and date of any optional redemption by us;
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our obligation, if any, to redeem the offered debt securities and any requirement to maintain a "sinking fund" to support
such obligation;
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the terms of any repurchase or remarketing rights of third parties;
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the currency or currencies in which we will pay principal or interest;
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any conversion features; and
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whether the defeasance or covenant defeasance provisions of the applicable indenture apply.
We
can also establish any other terms and conditions of the debt securities to the extent they do not conflict with the terms of the indentures (section 301 of each indenture).
Therefore, you must read the applicable indenture and prospectus supplement carefully to understand the terms of any series of debt securities.
The debt securities will be our obligations exclusively. Since our operations are partially conducted through subsidiaries, primarily
overseas, our cash flow and therefore our ability to service debt, including the debt securities offered by the applicable prospectus supplement, are partially dependent upon the earnings of our
subsidiaries and the distribution of those earnings to, or upon loans or other payments of funds by those subsidiaries to, us. Our subsidiaries are separate and distinct legal entities and have no
obligation to pay any amounts due pursuant to the debt securities or to make any funds available to us to repay our obligations, whether by dividends, loans or other payments. In addition, the payment
of dividends and the making of loans and advances to us by our subsidiaries may be subject to statutory or contractual restrictions, are contingent upon the earnings of those subsidiaries and are
subject to various business considerations.
Any
right of ours to receive assets of any of our subsidiaries upon their liquidation or reorganization and therefore the right of the holders of the debt securities to participate in
those assets will be effectively subordinated to the claims of that subsidiary's creditors, including trade creditors.
The general provisions of the indentures do not contain any provisions that would limit our ability to incur indebtedness or that would
afford holders of debt securities protection in the event of a highly leveraged or similar transaction involving us. However, the indentures do restrict us and our domestic subsidiaries from granting
certain security interests on certain of their property or assets unless the debt securities are equally secured. See "Restrictive Covenants" below.
The indentures are "open-ended," meaning we may issue a number of different series of debt securities, with different terms
and conditions, under each of the indentures (section 301 of each indenture). There is no limit on the amount of debt securities we can issue under either indenture, and we already have issued
a significant amount of debt securities under the senior indenture.
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Defeasance and Covenant Defeasance
Under the indentures, we have the ability to take certain steps to effect a "defeasance" or a "covenant defeasance." A defeasance
allows us to be discharged from any and all obligations in respect of a series of debt securities except for certain obligations to register the transfer or exchange of such debt securities, to
replace temporary, destroyed, stolen, lost or mutilated debt securities, to maintain paying agencies and to hold monies for payment in trust. A covenant defeasance allows us to stop complying with
certain restrictive covenants relating to:
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consolidation, merger, conveyance, transfer or lease;
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maintenance of our existence and properties;
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payment of taxes and other claims; and
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restrictions on secured debt and sale and leaseback transactions.
A
covenant defeasance also causes certain events specified in the indentures to no longer be deemed an event of default under the indentures.
To
effect a defeasance or a covenant defeasance, we must deposit with the applicable trustee an amount of money or U.S. government securities that, through the payment of interest and
principal in respect thereof in accordance with their terms, will provide money in an amount sufficient to pay the principal of, and premium, if any, and each installment of interest, if any, on the
debt securities of such series at the time such payments are due. We will remain liable for any shortfall between the amount deposited with the trustee and the amount due holders of debt securities
upon any acceleration of payment.
We
may only effect a defeasance or a covenant defeasance if we have provided a legal opinion that such action will not cause holders of our debt securities to recognize income, gain or
loss for federal income tax purposes as a result and that holders will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if
such deposit and defeasance had not occurred. The opinion, in the case of a defeasance, must refer to and be based upon a ruling of the Internal Revenue Service or a change in applicable Federal
income tax law occurring after the date of the applicable indenture.
We
may further describe in the applicable prospectus supplement the provisions, if any, regarding defeasance or covenant defeasance with respect to the debt securities of a particular
series (article fifteen of each indenture).
Restrictive Covenants
If we or any Domestic Subsidiary incurs or guarantees any Debt secured by a Mortgage on any Principal Property or on any shares of
stock or Debt of any Domestic Subsidiary, we must secure the debt securities of each series equally and ratably with (or prior to) such secured Debt, unless, after giving effect to such transaction,
the aggregate amount of all such Debt so secured, together with all Attributable Debt in respect of sale and leaseback transactions involving Principal Properties, would not exceed 5% of the
Consolidated Net Tangible Assets of us and our consolidated subsidiaries. See "Restrictive CovenantsRestrictions on Sales and Leasebacks" below.
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This
restriction does not apply to, and there will be excluded from secured Debt in any computation under such restriction, Debt secured
by:
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Mortgages on property of, or on any shares of stock of or Debt of, any corporation existing at the time such corporation
becomes a Domestic Subsidiary or at the time it is merged into or consolidated with us or a Domestic Subsidiary;
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Mortgages in favor of us or a Domestic Subsidiary;
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Mortgages in favor of governmental bodies to secure progress or advance payments;
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Mortgages on property, shares of stock or Debt existing at the time of acquisition thereof, including acquisition through
merger or consolidation;
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purchase money Mortgages and Mortgages to secure the construction cost of property; and
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any extension, renewal or refunding of any Mortgage referred to above.
Neither we nor any Domestic Subsidiary may enter into any sale and leaseback transaction involving any Principal Property, completion
of construction and commencement of full operation of which has occurred more than 180 days prior thereto, unless:
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we or such Domestic Subsidiary could mortgage such property as provided for above under "Restrictive
CovenantsRestrictions on Secured Debt" in an amount equal to the Attributable Debt with respect to the sale and leaseback transaction without equally and ratably securing the debt
securities of each series; or
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within 120 days, we apply to the retirement of our Funded Debt an amount not less than the greater
of:
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the net proceeds of the sale of the Principal Property leased pursuant to such arrangement; or
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the fair market value of the Principal Property so leased, subject to credits for certain voluntary retirements of Funded
Debt.
This
restriction will not apply to any sale and leaseback transaction:
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between us and a Domestic Subsidiary or between Domestic Subsidiaries; or
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involving the taking back of a lease for a period, including renewals, of three years or less (section 1011 of each
indenture).
Certain Definitions
The following are certain key definitions used in the descriptions above of restrictions on secured debt and sales and leasebacks
contained in the indentures. These and other definitions are contained in the indentures. You should read the applicable indenture to understand these restrictions fully.
"Attributable Debt"
means the total net amount of rent required to be paid during the remaining term of any lease, discounted at the rate
per annum borne by the senior debt securities of each series, compounded annually.
"Consolidated Net Tangible Assets"
means the aggregate amount of assets, less applicable reserves and other properly deductible items,
after deducting from that net amount:
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all current liabilities, excluding any constituting Funded Debt by reason of their being renewable or extendable; and
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goodwill and other intangibles (section 1010 of each indenture).
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"Domestic Subsidiary"
means a Subsidiary of ours except a Subsidiary of ours which neither transacts any substantial portion of its
business nor regularly maintains any substantial portion of its fixed assets within the United States, or which is engaged primarily in financing our operations or our Subsidiaries, or both, outside
the United States.
"Principal Property"
includes any single parcel of real estate, any manufacturing plant or warehouse we own or lease or any Domestic
Subsidiary owns or leases which is located within the United States and the gross book value, without deduction of any depreciation reserves, of which on the date as of which the determination is
being made exceeds 1% of Consolidated Net Tangible Assets, other than any manufacturing plant or warehouse or a portion of any manufacturing plant or warehouse:
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which is a pollution control or other facility financed by obligations issued by a state or local government unit; or
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which, in the opinion of our board of directors, is not of material importance to the total business conducted by us and
our subsidiaries as an entirety.
"Subsidiary"
means a corporation, a majority of the outstanding voting stock of which is owned, directly or indirectly, by us or by one or
more of our other Subsidiaries.
Events of Default
The following are events of default under the indentures with respect to any debt
securities:
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failure to pay principal of, or premium, if any, on any debt security of that series when due;
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failure to pay any installment of interest on any debt security of that series when due, continued for 30 days;
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failure to deposit any sinking fund payment, when due, in respect of any debt security of that series;
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failure to perform any other covenant of ours in the applicable indenture, other than a covenant included in the
applicable indenture solely for the benefit of any series of debt securities other than that series, continued for 60 days after written notice as provided in the applicable indenture;
-
-
certain events in bankruptcy, insolvency or reorganization; and
-
-
any other event of default provided with respect to debt securities of that series (section 501 of each indenture).
If
an event of default with respect to the outstanding debt securities of any series occurs and continues either the trustee or the holders of at least 25% in principal amount of the
outstanding debt securities of that series may declare the principal amount of all debt securities of that series to be due and payable immediately; provided that in the case of certain events of
bankruptcy, insolvency or reorganization, such principal amount, or portion thereof, will automatically become due and payable. However, at any time after an acceleration with respect to debt
securities of any series has occurred, but before a judgment or decree based on such acceleration has been obtained, the holders of a majority in principal amount of the outstanding debt securities of
that series may, under certain circumstances, rescind and annul such acceleration (section 502 of each indenture). For information as to waiver of defaults, see "Modification and
Waiver" below. You must read the applicable prospectus supplement for a description of the acceleration provisions of any debt securities issued as original issue discount or indexed securities.
Subject
to the duty of the trustee during default to act with the required standard of care, the trustee will be under no obligation to exercise any of its rights or powers under the
applicable
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indenture
at the request or direction of any of the holders, unless such holders have offered the trustee reasonable security or indemnity (section 603 of each indenture). Subject to such
indemnification and certain other limitations, the holders of a majority in principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place
of conducting any proceeding for any remedy available to the trustee, or exercising any trust or power conferred on the trustee, with respect to the debt securities of that series (section 512
of the senior indenture and section 505 of the subordinated indenture).
We
will be required to furnish to the trustee an annual statement as to our performance of certain of our obligations under the applicable indenture and as to any default in such
performance (section 1006 of each indenture).
Modification and Waiver
Modifications and amendments of each indenture may be made by us and the trustee with the consent of the holders of
66
2
/
3
% in principal amount of the outstanding debt securities of each series affected thereby, except that no such modification or amendment may, without the consent of the holder of
each outstanding debt security affected thereby:
-
-
change the stated maturity date of the principal of, or any installment of principal of or interest on, any debt security;
-
-
reduce the principal amount of, or premium, if any, or interest, if any, on, any debt security;
-
-
reduce the amount of principal of any original issue discount debt security payable upon acceleration of the maturity
thereof;
-
-
change the place or currency of payment of principal of, or premium, if any, or interest, if any, on, any debt security;
-
-
impair the right to institute suit for the enforcement of any payment on or with respect to any debt security; or
-
-
reduce the percentage in principal amount of outstanding debt securities of any series, the consent of the holders of
which is required for modification or amendment of the indenture or for waiver of compliance with certain provisions of the applicable indenture or for waiver of certain defaults (section 902
of each indenture).
The
holders of a majority of the outstanding debt securities of any series may on behalf of the holders of all debt securities of that series waive, insofar as that series is concerned,
our compliance with certain restrictive provisions of the applicable indenture (section 1012 of each indenture). The holders of a majority of the outstanding debt securities of any series may
on behalf of the holders of all debt securities of that series waive any past default under the applicable indenture with respect to debt securities of that series, except a default in the payment of
the principal of, or premium, if any, or interest, if any, on any debt security of that series or in respect of any provision which under the applicable indenture cannot be modified or amended without
the consent of the holder of each outstanding debt security of that series affected (section 513 of the senior indenture and section 504 of the subordinated indenture).
In
addition, we may not modify or amend the subordination provisions of the subordinated indenture without the consent of the holders of each outstanding subordinated debt security
affected thereby. Further, no modification or amendment of that type may adversely affect the rights under article sixteen of the subordinated indenture of the holders of senior indebtedness then
outstanding without the consent of the requisite holders of senior indebtedness required under the terms of such senior indebtedness (section 902 of the subordinated indenture).
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Each
indenture contains provisions for convening meetings of the holders of debt securities of a series issued thereunder if debt securities of that series are issuable in whole or in
part as bearer securities (section 1401 of each indenture). The trustee for those debt securities may call a meeting at any time or upon our request or the request of holders of at least 10% in
principal amount of the outstanding debt securities of such series, in any such case upon notice given in accordance with the applicable indenture (section 1402 of each indenture). Except for
any consent that must be given by each holder of a debt security affected, and except as described below, any resolution presented at a meeting or adjourned meeting at which a quorum is present may be
adopted by the affirmative vote of the holders of a majority in principal amount of the outstanding debt securities of that series. Any resolution with respect to any consent which may be given by the
holders of not less than 66
2
/
3
% in principal amount of the outstanding debt securities of a series issued under an indenture, except for any consent that must be given by each holder of
a debt security affected, may be adopted at a meeting or an adjourned meeting at which a quorum is present only by the affirmative vote of the holders of 66
2
/
3
% in principal amount of
such outstanding debt securities of that series. Further, any resolution with respect to any demand, consent, waiver or other action which may be made, given or taken by the holders of a specified
percentage, which is less than a majority, in principal amount of the outstanding debt securities of a series issued under one of the indentures may be adopted at a meeting or adjourned meeting at
which a quorum is present by the affirmative vote of the holders of such specified percentage in principal amount of the outstanding debt securities of that series (section 1404 of each
indenture).
Any
resolution passed or decision taken at any meeting of holders of debt securities of any series duly held in accordance with the applicable indenture with respect thereto will be
binding on all holders of debt securities of that series and the related coupons issued under that indenture. The quorum at any meeting of holders of a series of debt securities called to adopt a
resolution, and at any reconvened meeting, will be persons holding or representing a majority in principal amount of the outstanding debt securities of such series. However, if any action is to be
taken at such meeting with respect to a consent which may be given by the holders of not less than 66
2
/
3
% in principal amount of the outstanding debt securities of a series, the persons
holding or representing 66
2
/
3
% in principal amount of the outstanding debt securities of such series issued under that indenture will constitute a quorum (section 1404 of each
indenture).
Consolidation, Merger, Conveyance, Transfer or Lease
We may, without the consent of any holders of outstanding debt securities, consolidate or merge with or into, or transfer or lease our
assets substantially as an entirety to, any entity, and any other entity may consolidate or merge with or into, or transfer or lease its assets substantially as an entirety to, us, provided
that:
-
-
the entity other than us formed by such consolidation or into which we are merged or which acquires or leases our assets
is organized and existing under the laws of any United States jurisdiction and assumes our obligations on the debt securities and under the applicable indenture;
-
-
after giving effect to the transaction, no event of default, and no event which, after notice or lapse of time or both,
would become an event of default, has happened and is continuing, provided that a transaction will only be deemed to be in violation of this condition as to any series of debt securities as to which
such event of default or such event has happened and is continuing; and
-
-
certain other conditions are met (article eight of each indenture).
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Form, Denominations, Exchange, Registration and Transfer
We will issue debt securities as registered securities, which may be issued in global form. Global securities are described below under
"Global Securities." Unless we otherwise provide in the applicable prospectus supplement, we will issue registered securities in denominations of $1,000 and integral multiples thereof.
Our
registered securities will be exchangeable for other registered securities of the same series.
You
may present registered securities for registration of transfer at the office of the trustee, or at the office of any transfer agent we designate without service charge and upon
payment of any taxes and other governmental charges (section 305 of each indenture). We may change transfer agents or designate additional transfer agents at any time, except that, we must
maintain a transfer agent in each place of payment for such series (section 1002 of each indenture).
If
we elect or are required to redeem or exchange particular debt securities, we will not be required to:
-
-
issue, register the transfer of or exchange those debt securities for a period of 15 days before the first
publication or mailing of the notice of redemption or exchange; or
-
-
register the transfer of or exchange any registered security selected for redemption (section 305 of each
indenture).
Global Securities
The following will apply to debt securities of any series, unless the prospectus supplement relating to that series provides otherwise.
Upon
issuance, we will deposit with, or on behalf of, the depositary and will register in the name of the depositary or a nominee of the depositary one or more "global securities" to
represent the debt securities of each series. Unless we otherwise indicate in the prospectus supplement relating to a series of debt securities, The Depository Trust Company will act as the depositary
and we will deposit the global securities with, or on behalf of, DTC or its nominee, and we will register registered securities in the name of a nominee of DTC. Except under limited circumstances
described below, global securities will not be exchangeable for definitive certificated debt securities.
Upon
the issuance of a global security, DTC will credit on its book-entry registration and transfer system the principal amounts of the individual debt securities represented
by such global security to the accounts of persons that have accounts with DTC, generally known as DTC participants. Ownership of beneficial interests in a global security will be limited to DTC
participants or persons that may hold interests through DTC participants. Ownership of beneficial interests in such global security will be shown on, and the transfer of that ownership will be
effected only through, records maintained by DTC with respect to interests of DTC participants and records of DTC participants, with respect to interests of persons who hold through DTC participants.
The laws of some states require that certain purchasers of securities take physical delivery of such securities in definitive form. Such limits and such laws may impair the ability to own, pledge or
transfer beneficial interest in a global security.
We
will make payments of principal of and any interest, and premium, if any, on individual debt securities represented by a global security to DTC or its nominee, as the case may be, as
the sole registered owner of such global security and the sole holder of the debt securities represented by the global security for all purposes under the applicable indenture. Neither we nor the
trustee, nor any of our agents or the trustee, will have any responsibility or liability for any aspect of DTC's records relating to or payments made on account of beneficial ownership interests in
the global securities representing any debt securities or for maintaining, supervising or reviewing any of DTC's records relating to those beneficial ownership interests.
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We
have been advised by DTC that, upon receipt of any payment in respect of a global security, DTC will immediately credit DTC participants' accounts for their pro rata share of such
payments. We also expect that payments by DTC participants to owners of beneficial interests in global securities held through such DTC participants will be governed by standing instructions and
customary practices, as is now the case with securities held for the accounts of customers in bearer form or registered in "street name." These payments will be the sole responsibility of the DTC
participants.
Global
securities may not be transferred except as a whole by DTC to a nominee of DTC. Global securities representing debt securities are exchangeable for certificated debt securities
only if:
-
-
DTC or its nominee notifies us that it is unwilling or unable to continue as depositary for these global securities;
-
-
DTC ceases to be qualified as required by the applicable indenture;
-
-
we instruct the trustee in accordance with the applicable indenture that those global securities will be so exchangeable;
or
-
-
there shall have occurred and be continuing an event of default or an event which after notice or lapse of time would be
an event of default with respect to the debt securities represented by such global security.
Any
global securities that are exchangeable as described above shall be exchangeable for certificated debt securities issuable in denominations of $1,000, and integral multiples of
$1,000 in excess thereof and registered in the names DTC directs. Subject to the foregoing, global securities are not exchangeable, except for global securities of like denomination to be registered
in the name of DTC or its nominee. If we issue debt securities subsequently in registered form, they would thereafter be transferred or exchanged without any service charge at the corporate trust
office of the trustee or at any other office or agency we maintain for such purpose.
So
long as DTC or its nominee is the registered holder and owner of global securities, DTC or its nominee, as the case may be, will be considered the sole owner or holder of the debt
securities represented by the global securities for the purposes of receiving payment on the debt securities, receiving notices and for all other purposes under the applicable indenture and the debt
securities. Except as provided above, owners of beneficial interests in global securities will not be entitled to receive physical delivery of debt securities in definitive form and will not be
considered the holders thereof for any purpose under the applicable indenture. Accordingly, each person owning a beneficial interest in the global securities must rely on the procedures of DTC and, if
such person is not a DTC participant, on the procedures of the DTC participant through which such person owns its interest, to exercise any rights of a holder under the applicable indenture. The
indentures provide that DTC may grant proxies and otherwise authorize DTC participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a
holder is entitled to give or take under the applicable indenture. We understand that under existing industry practices in the event that we request any action of holders or that an owner of a
beneficial interest in global securities desires to give or take any action which a holder is entitled to give or take under the applicable indenture, DTC would authorize the DTC participants holding
the relevant beneficial interests to give or take such action, and such DTC participants would authorize beneficial owners owning through such DTC participants to give or take such action or would
otherwise act upon the instructions of beneficial owners through them.
DTC
has advised us as follows:
-
-
DTC is:
-
-
a limited-purpose trust company organized under the New York Banking Law;
-
-
a "banking organization" within the meaning of the New York Banking Law;
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-
-
a member of the Federal Reserve System;
-
-
a "clearing corporation" within the meaning of the New York Uniform Commercial Code;
-
-
a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as
amended;
-
-
DTC holds securities that DTC participants deposit with DTC;
-
-
DTC also facilitates the settlement among DTC participants of securities transactions, such as transfers and pledges in
deposited securities through electronic computerized book-entry changes in DTC participants' accounts, thereby eliminating the need for physical movement of securities certificates;
-
-
Direct DTC participants include securities brokers and dealers, banks, trust companies, clearing corporations and certain
other organizations. DTC is owned by a number of direct DTC participants and by the New York Stock Exchange, Inc., the American Stock Exchange, Inc. and the NASDAQ Stock Market;
-
-
Access to DTC's system is also available to others, such as securities brokers and dealers, banks and trust companies that
clear through or maintain a custodial relationship with a direct DTC participant, either directly or indirectly; and
-
-
The rules applicable to DTC and DTC participants are on file with the SEC.
According
to DTC, the foregoing information with respect to DTC has been provided to the industry for informational purposes only and is not intended to serve as a representation,
warranty or contract modification of any kind.
Payment and Paying Agents
Unless the applicable prospectus supplement provides otherwise, the place of payment for all registered securities will be Chicago,
Illinois, U.S.A., and we will initially designate the corporate trust office of the applicable trustee for this purpose. At our option, we may pay interest, if any, on registered securities by check
mailed to the address of the person entitled thereto as such person's address appears in the security register or by wire transfer to an account located in the United States maintained by the person
entitled thereto as specified in the security register (sections 307, 1001 and 1002 of each indenture). Unless the applicable prospectus supplement provides otherwise, we will make payment of
any installment of interest on registered securities to the person in whose name such registered security is registered at the close of business on the record date for such interest
(section 307 of each indenture).
Unless
the applicable prospectus supplement provides otherwise, we will make all payments of principal of, and premium, if any, and interest, if any, on any debt security that is payable
in a currency other than U.S. dollars in U.S. dollars if such currency:
-
-
ceases to be used both by the government of the country that issued the currency and by a central bank or other public
institution of or within the international banking community for the settlement of transactions;
-
-
is the euro and ceases to be used both within the European Monetary Union and for the settlement of transactions by public
institutions of or within the European Union; or
-
-
is any currency unit, or composite currency, other than the euro and ceases to be used for the purposes for which it was
established (section 312 of each indenture).
We
may designate additional offices or agencies for payment with respect to any debt securities, approve a change in the location of any such office or agency and, except as provided
above, rescind the designation of any such office or agency.
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All moneys deposited with a paying agent or held for the payment of principal of, or premium, if any, or interest, if any, on any debt security that remains
unclaimed at the end of two years after such payment has become due will, at our request, be repaid to us, or discharged from trust, and the holder of such debt security may thereafter look only to us
for payment thereof (section 1003 of each indenture).
Subordinated Indenture Provisions
Any subordinated securities would be subordinate and junior in right of payment, to the extent set forth in the subordinated indenture,
to the prior payment in full of all existing and future senior debt of ours (section 1601 of the subordinated indenture).
Senior
debt is defined in the subordinated indenture as the principal of, and premium, if any, and interest on, including interest accruing after the filing of a petition initiating any
proceeding pursuant to any bankruptcy law, and other amounts due on or in connection with any debt incurred, assumed or guaranteed by us, whether outstanding on the date of the subordinated indenture
or thereafter
incurred, assumed or guaranteed, and all renewals, extensions and refundings of any such debt. Excluded from the definition of senior debt are the
following:
-
-
any debt which expressly provides:
-
-
that such debt is not senior in right of payment to the subordinated securities; or
-
-
that such debt is subordinated to any other debt of ours, unless such debt expressly provides that such debt is senior in
right of payment to the subordinated securities; and
-
-
debt of ours in respect of the subordinated securities.
There
are no restrictions in the subordinated indenture on the creation of additional senior debt, or any other indebtedness (section 101 of the subordinated indenture). The
prospectus supplement with respect to any subordinated securities will set forth:
-
-
the aggregate amount of consolidated indebtedness outstanding as of the most recent practicable date that would constitute
either senior debt or indebtedness of our subsidiaries;
-
-
the aggregate amount of outstanding indebtedness as of the most recent practicable date that would rank on a parity with
the subordinated securities; and
-
-
any then-existing limitation on the issuance of additional senior debt.
By
reason of such subordination, in the event of dissolution, insolvency, bankruptcy or other similar proceedings, upon any distribution of
assets:
-
-
the holders of all senior debt will first be entitled to receive payment in full of all amounts due or to become due
thereon, or payment of such amounts shall have been provided for, before the holders of subordinated securities would be entitled to receive any payment or distribution with respect to such
securities;
-
-
the holders of subordinated securities will be required to pay over their share of such distribution to the holders of
senior debt until such senior debt is paid in full; and
-
-
our unsecured creditors who are not holders of subordinated securities or holders of senior debt may recover less,
ratably, than holders of senior debt and may recover more, ratably, than the holders of subordinated securities (section 1602 of the subordinated indenture).
Unless
the applicable prospectus supplement provides otherwise, in the event that the subordinated securities are declared due and payable prior to their Stated Maturity by reason of the
occurrence of an event of default, then we would be obligated to promptly notify holders of senior debt of such
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acceleration.
Unless the applicable prospectus supplement provides otherwise, we may not pay the subordinated securities until 120 days have passed after such acceleration occurs and may
thereafter pay the subordinated securities if the terms of the subordinated indenture otherwise permit payment at that time (section 1603 of the subordinated indenture).
Unless
the applicable prospectus supplement provides otherwise, we may not make any payment of the principal, and premium, if any, or interest, if any, with respect to any of the
subordinated securities, except we may acquire subordinated securities for our common stock or other capital stock or as otherwise set forth in the subordinated indenture, if any default with respect
to senior debt occurs and
is continuing that permits the acceleration of the maturity thereof and such default is either the subject of judicial proceedings or we receive notice of the default, unless 120 days pass
after notice of the default is given and such default is not then the subject of judicial proceedings or the default with respect to the senior debt is cured or the terms of the subordinated indenture
otherwise permit the payment or acquisition of the subordinated securities at that time (section 1604 of the subordinated indenture).
The Trustee
The Bank of New York Mellon Trust Company, N.A. is trustee under:
-
-
the senior indenture relating to:
-
-
our 5.375% senior notes due 2012;
-
-
our 6.0% senior notes due 2017;
-
-
our 7.5% debentures due May 15, 2025;
-
-
our 6.5% debentures due September 1, 2025;
-
-
our 6.5% debentures due November 15, 2028;
-
-
our 6.625% senior notes due 2037; and
-
-
our 5.22% debentures due October 1, 2097.
We
maintain various banking relationships with The Bank of New York Mellon, an affiliate of the trustee. The Bank of New York Mellon serves as custodian and record keeper for the Sigma
Fund, provides investment management services to us and is a lender under our credit facility.
DESCRIPTION OF CAPITAL STOCK
The following description of our capital stock is subject to the detailed provisions of our restated certificate of incorporation, as
amended, and bylaws, as amended, and to the rights agreement described below. This description does not purport to be complete and is qualified in its entirety by reference to the terms of the
certificate of incorporation, the bylaws and the rights agreement, which are filed as exhibits to the registration statement. See the section entitled "Where You Can Find More Information" on page 1.
Common and Preferred Stock
Our authorized capital stock consists of 600,000,000 shares of common stock, par value $0.01 per share, and 500,000 shares of preferred
stock, par value $100 per share, issuable in series. There are no shares of preferred stock presently outstanding. Our board of directors is authorized to create and issue one or more series of
preferred stock and to determine the rights and preferences of each series, to the extent permitted by our certificate of incorporation. The holders of shares of our common stock are entitled to one
vote for each share held and each share of our common stock is entitled to participate
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equally
in dividends out of funds legally available therefor, as and when declared by our board of directors, and in the distribution of assets in the event of liquidation. The shares of our common
stock have no preemptive or conversion rights, redemption provisions or sinking fund provisions. The outstanding shares of our common stock are duly and validly issued, fully paid and nonassessable,
and any shares of our common stock issued in an offering pursuant to this prospectus and any shares of common stock issuable upon the exercise of common stock warrants or conversion or exchange of
debt securities which are convertible into or exchangeable for our common stock, or in connection with the obligations of a holder of stock purchase contracts to purchase our common stock, will be
duly and validly issued, fully paid and nonassessable.
DESCRIPTION OF SECURITIES WARRANTS
We may issue warrants for the purchase of our debt securities or common stock, either independently or together with debt securities or
common stock. We will issue each series of warrants under a separate warrant agreement between us and a bank or trust company, as agent. The warrant agent will act solely as our agent and will not
assume any obligation for any warrant holders. Copies of the forms of warrant agreements and the forms of warrant certificates are filed as exhibits to the registration statement. The following
description of certain provisions of the forms of warrant agreements and warrant certificates does not purport to be complete and is qualified in its entirety by reference to all the provisions of the
warrant agreements and the warrant certificates.
General
If we offer warrants for the purchase of debt securities, the applicable prospectus supplement will describe their terms, which may
include the following:
-
-
the title and aggregate number of the warrants;
-
-
the title, rank, aggregate principal amount, denomination, and terms of the underlying debt securities;
-
-
the currency of the underlying debt securities or of payment of the exercise price;
-
-
whether the warrants are issued as a unit with a debt security, and if so, the number of warrants attached to each such
debt security;
-
-
the date, if any, on and after which such warrants and any related securities will be transferable separately;
-
-
the principal amount of the debt securities purchasable upon exercise of each warrant and the price, or the manner of
determining the price, at which such debt securities may be purchased upon exercise;
-
-
when the warrants may be exercised and the expiration date;
-
-
United States federal income tax consequences;
-
-
the terms of any right of ours to redeem or accelerate the exercisability of such warrants;
-
-
whether the warrants are to be issued with any other securities;
-
-
the offering price; and
-
-
any other terms of the warrants.
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If
we offer warrants for the purchase of our common stock, the applicable prospectus supplement will describe their terms, which may include the
following:
-
-
the title and aggregate number of the warrants and whether the warrants will be sold with other securities;
-
-
the number of shares of common stock that may be purchased on exercise of each warrant;
-
-
the price or manner of determining the price, the manner in which the exercise price may be paid and any minimum number of
warrants exercisable at one time;
-
-
the terms of any right of ours to redeem the warrants;
-
-
the date, if any, on and after which the warrants and any related series of debt securities will be transferable
separately;
-
-
when the warrants may be exercisable and the expiration date;
-
-
the terms of any right of ours to accelerate the exercisability of the warrants;
-
-
United States federal income tax consequences; and
-
-
any other terms of the warrants.
Warrants
for the purchase of our common stock will be offered and exercisable for U.S. dollars only.
Warrants
may be exchanged for new warrants of different denominations, may, if in registered form, be presented for registration of transfer and may be exercised at the corporate trust
office of the warrant agent or any other office indicated in the applicable prospectus supplement. No service charge will be made for any permitted transfer or exchange of warrant certificates, but
holders must pay any tax or other applicable governmental charge. Prior to the exercise of any warrant to purchase underlying debt securities, holders of such warrants will not have any of the rights
of holders of the debt securities purchasable upon such exercise, including the right to receive payments of principal of, or premium, if any, or interest, if any, on the debt securities purchasable
upon such exercise or to enforce covenants in the applicable indenture. Prior to the exercise of any warrants to purchase our common stock, holders of such warrants will not have any rights of holders
of our common stock purchasable upon such exercise, including the right to receive payments of dividends, if any, on our common stock purchasable upon such exercise or to exercise any applicable right
to vote.
Exercise of Warrants
Each warrant will entitle the holder to purchase underlying debt securities or our common stock, as the case may be, at the exercise
price described in, or calculable from, the applicable prospectus supplement. Unexercised warrants will become void after the close of business on the expiration date.
Holders
can exercise warrants by delivering the exercise price and certain required information to the warrant agent. Warrants will be deemed to have been exercised upon receipt of
payment of the exercise price, subject to the receipt, within five business days, of the warrant certificate. Upon receipt of such payment and such warrant certificate properly completed and duly
executed at the corporate trust office of the warrant agent or any other office indicated in the applicable prospectus supplement, we will, as soon as practicable, issue and deliver the underlying
debt securities or our common stock, as the case may be, purchasable upon such exercise. If fewer than all of the warrants represented by a warrant certificate are exercised, we will issue a new
warrant certificate for the remaining warrants. The holder of a warrant must pay any tax or other governmental charge imposed in connection with the issuance of underlying debt securities or our
common stock purchased upon exercise of a warrant.
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Modifications
The warrant agreements and the terms of the warrants may be modified or amended by us and the warrant agent, without the consent of any
holder, for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective or inconsistent provision contained therein, or in any other manner that we deem necessary or
desirable and that will not materially adversely affect the interests of the holders of the warrants.
Together
with the warrant agent, we may also modify or amend the warrant agreement and the terms of the warrants with the consent of a majority of the holders of the then outstanding
unexercised warrants affected thereby. No modification or amendment of that type that accelerates the expiration date, increases the exercise price, reduces the number of outstanding warrants required
for consent of any such modification or amendment, or otherwise materially adversely affects the rights of the holders of the warrants, may be made without the consent of each holder affected thereby.
Common Stock Warrant Adjustments
The terms and conditions on which the exercise price of and/or the number of shares of our common stock covered by a warrant are
subject to adjustment will be set forth in the warrant certificate and the applicable prospectus supplement. Such terms will include:
-
-
provisions for adjusting the exercise price and/or the number of shares of our common stock covered by the warrant;
-
-
the events requiring an adjustment;
-
-
the events upon which we may, in lieu of making an adjustment, make proper provisions so that the holder of the warrant,
upon its exercise, would be treated as if the holder had exercised the warrant prior to the occurrence of the events; and
-
-
provisions affecting exercise in the event of certain events affecting our common stock.
DESCRIPTION OF THE STOCK PURCHASE CONTRACTS
AND THE STOCK PURCHASE UNITS
We may issue stock purchase contracts representing contracts obligating holders to purchase from us, and us to sell to the holders, a
specified number of shares of our common stock (or a range of numbers of shares pursuant to a predetermined formula) at a future date or dates. The price per share of common stock and the number of
shares of common stock may be fixed at the time the stock purchase contracts are issued or may be determined by reference to a specific formula set forth in the stock purchase contracts.
The
stock purchase contracts may be issued separately or as a part of units, often known as stock purchase units, consisting of a stock purchase contract and
either:
-
-
our debt securities; or
-
-
debt obligations of third parties, including U.S. Treasury securities;
securing
the holders' obligations to purchase the common stock under the stock purchase contracts.
The
stock purchase contracts may require us to make periodic payments to the holders of the stock purchase units or vice versa, and such payments may be unsecured or prefunded on some
basis. The stock purchase contracts may require holders to secure their obligations in a specified manner and in certain circumstances we may deliver newly issued prepaid stock purchase contracts,
often known as prepaid securities, upon release to a holder of any collateral securing such holder's obligations under the original stock purchase contract.
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The
applicable prospectus supplement will describe the terms of any stock purchase contracts or stock purchase units and, if applicable, prepaid securities. The description in the
applicable prospectus supplement will not contain all of the information that you may find useful. For more information, you should review the stock purchase contracts, the collateral arrangements and
depositary arrangements, if applicable, relating to such stock purchase contracts or stock purchase units and, if applicable, the prepaid securities and the document pursuant to which the prepaid
securities will be issued. These documents will be filed with the SEC promptly after the offering of the stock purchase contracts or stock purchase units. Material United States federal income tax
considerations applicable to the stock purchase contracts and the stock purchase units will also be discussed in the applicable prospectus supplement.
PLAN OF DISTRIBUTION
We may sell the securities offered pursuant to this prospectus in one or more of the following ways from time to
time:
-
-
to or through underwriters or dealers;
-
-
through the Company directly;
-
-
through agents;
-
-
through a combination of any of these methods of sale; or
-
-
through any other methods described in a prospectus supplement.
The
prospectus supplements relating to an offering of securities will set forth the terms of such offering, including:
-
-
the name or names of any underwriters, dealers or agents;
-
-
the purchase price of the offered securities and the proceeds to us from the sale;
-
-
any underwriting discounts and commissions or agency fees and other items constituting underwriters' or agents'
compensation; and
-
-
any public offering price, any discounts or concessions allowed or reallowed or paid to dealers and any securities
exchanges on which such offered securities may be listed.
Any
public offering prices, discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time.
If
underwriters are used in the sale, the underwriters will acquire the offered securities for their own account and may resell them from time to time in one or more transactions,
including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. The offered securities may be offered either to the public through underwriting
syndicates represented by one or more managing underwriters or by one or more underwriters without a syndicate. Unless otherwise set forth in a prospectus supplement, the obligations of the
underwriters to purchase any series of securities will be subject to certain conditions precedent and the underwriters will be obligated to purchase all of such series of securities if any are
purchased.
In
connection with underwritten offerings of the offered securities and in accordance with applicable law and industry practice, underwriters may over-allot or effect
transactions that stabilize, maintain or otherwise affect the market price of the offered securities at levels above those that might
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otherwise
prevail in the open market, including by entering stabilizing bids, effecting syndicate covering transactions or imposing penalty bids, each of which is described
below:
-
-
A stabilizing bid means the placing of any bid, or the effecting of any purchase, for the purpose of pegging, fixing or
maintaining the price of a security.
-
-
A syndicate covering transaction means the placing of any bid on behalf of the underwriting syndicate or the effecting of
any purchase to reduce a short position created in connection with the offering.
-
-
A penalty bid means an arrangement that permits the managing underwriter to reclaim a selling concession from a syndicate
member in connection with the offering when offered securities originally sold by the syndicate member are purchased in syndicate covering transactions.
These
transactions may be effected on the New York Stock Exchange, in the over-the-counter market, or otherwise. Underwriters are not required to engage in any of
these activities, or to continue such activities if commenced.
If
a dealer is used in the sale, we will sell such offered securities to the dealer, as principal. The dealer may then resell the offered securities to the public at varying prices to be
determined by that dealer at the time for resale. The names of the dealers and the terms of the transaction will be set forth in the prospectus supplement relating to that transaction.
Offered
securities may be sold directly by us to one or more institutional purchasers, or through agents designated by us from time to time, at a fixed price or prices, which may be
changed, or at varying prices determined at the time of sale. Any agent involved in the offer or sale of the offered securities in respect of which this prospectus is delivered will be named, and any
commissions payable by us to such agent will be set forth in the prospectus supplement relating to that offering, unless otherwise indicated in such prospectus supplement, any such agent will be
acting on a best efforts basis for the period of its appointment.
Underwriters,
dealers and agents may be entitled under agreements entered into with us to indemnification by us against certain civil liabilities, including liabilities under the
Securities Act, or to contribution with respect to payments that the underwriters, dealers or agents may be required to make in respect thereof. Underwriters, dealers and agents may be customers of,
engage in transactions with, or perform services for us and our affiliates in the ordinary course of business.
Under
the securities laws of some states, the securities offered by this prospectus may be sold in those states only through registered or licensed brokers or dealers.
Any
person participating in the distribution of common stock registered under the registration statement that includes this prospectus will be subject to applicable provisions of the
Exchange Act, and applicable SEC rules and regulations, including, among others, Regulation M, which may limit the timing of purchases and sales of any of our common stock by any such person.
Furthermore, Regulation M may restrict the ability of any person engaged in the distribution of our common stock to engage in market-making activities with respect to our common stock. These
restrictions may affect the marketability of our common stock and the ability of any person or entity to engage in market-making activities with respect to our common stock.
Other
than our common stock, which is listed on the New York Stock Exchange, each of the securities issued hereunder will be a new issue of securities, will have no prior trading market,
and may or may not be listed on a national securities exchange. Any common stock sold pursuant to a prospectus supplement will be listed on the New York Stock Exchange, subject to official notice of
issuance. Any underwriters to whom we sell securities for public offering and sale may make a market in the securities, but such underwriters will not be obligated to do so and may discontinue any
market
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making
at any time without notice. We cannot assure you that there will be a market for the offered securities.
To
the extent required, this prospectus may be amended and/or supplemented from time to time to describe a specific plan of distribution.
VALIDITY OF THE SECURITIES
The validity of the securities being offered hereby will be passed upon for us by Winston & Strawn LLP. Any underwriters
will also be advised about the validity of the securities and other legal matters by their own counsel, which will be named in the prospectus supplement.
EXPERTS
The consolidated financial statements of Motorola Solutions, Inc. as of December 31, 2011 and 2010, and for each of the
years in the three-year period ended December 31, 2011, and management's assessment of the effectiveness of internal control over financial reporting as of December 31, 2011
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.
INCORPORATION BY REFERENCE
The SEC allows us to "incorporate by reference" into this prospectus the information we file with them, which means that we can
disclose important information to you by referring to those documents. Any statement contained or incorporated by reference in this prospectus shall be deemed to be modified or superseded for purposes
of this prospectus to the extent that a statement contained herein, or in any subsequently filed document which also is incorporated by reference herein, modifies or supersedes such earlier statement.
Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus. We incorporate by reference into this prospectus the
following documents:
-
(a)
-
Annual
Report on Form 10-K for the fiscal year ended December 31, 2011.
-
(b)
-
Quarterly
Report on Form 10-Q for the quarters ended March 31, 2012.
-
(c)
-
Current
Reports on Form 8-K filed on January 30, 2012, February 27, 2012 and May 1, 2012.
-
(d)
-
The
description of our common stock included in the Registration Statement on Form 8-B dated July 2, 1973, including any
amendments or reports filed for the purpose of updating such description.
-
(e)
-
All
documents filed by us under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act before the termination of this offering.
Nothing
in this prospectus shall be deemed to incorporate information furnished but not filed with the SEC pursuant to Item 2.02 or Item 7.01 of
Form 8-K.
You
may request a copy of these filings (other than exhibits, unless that exhibit is specifically incorporated by reference into that filing) at no cost, by writing to or telephoning us
at the following address:
Lewis
A. Steverson
Corporate Secretary, Motorola Solutions, Inc.
1303 East Algonquin Road
Schaumburg, Illinois 60196
Telephone: (847) 576-5000
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PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution
The following is an estimate, subject to future contingencies of the expenses to be incurred by the Motorola Solutions in connection
with the issuance and distribution of the securities being registered:
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Registration Fee*
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$
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Legal Fees and Expenses**
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Trustee Fees and Expenses**
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Accounting Fees and Expenses**
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Printing Fees**
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Rating Agency Fees**
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Miscellaneous**
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Total
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$
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-
*
-
Deferred
in accordance with Rule 456(b) and 457(r) of the Securities Act.
-
**
-
Estimated
expenses are not currently known.
Item 15. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law (the "DGCL") makes provision for the indemnification of
officers and directors of corporations in terms sufficiently broad to indemnify the officers and directors of the Registrant under certain circumstances from liabilities (including reimbursement of
expenses incurred) arising under the Securities Act. Section 102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation shall
not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any 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) in respect of
certain unlawful dividend payments or stock redemptions or repurchases, or (iv) for any transaction from which the director derived an improper personal benefit.
To
the fullest extent permitted by the DGCL, the Registrant's Restated Certificate of Incorporation, as amended through January 4, 2011 (the "Certificate of Incorporation")
provides that a director shall not be personally liable to the Registrant or its stockholders for monetary damages for breach of fiduciary duty as a director, except in the certain instances
enumerated above pursuant to Section 102(b)(7) of the DGCL. Furthermore, if the DGCL is amended to further eliminate or limit the liability of a director, then the Certificate of Incorporation
provides that a director shall not be liable to fullest extent permitted by the amended DGCL.
The
Certificate of Incorporation provides that the Registrant shall indemnify any person who was or is a party or is threatened to be made a party to or is involved in any action, suit
or proceeding, whether civil, criminal, administrative or investigative (a "proceeding"), by reason of the fact that he or she is or was a director or officer of the Registrant or is or was serving
(at such time as such person is or was a director or officer of the corporation) at the request of the Registrant as a director, officer, employee or agent of any other corporation or enterprise
(including an employee benefit plan), against all expense, liability and loss (including attorneys' fees, judgments, fines, ERISA excise taxes and amounts paid or to be paid in settlement) reasonably
incurred or suffered by such person in connection therewith and such indemnification shall continue as to such person who has ceased to be a director, officer, employee or agent and shall inure to the
benefit of his or her heirs, executors and
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administrators;
provided, however, that the Registrant generally shall indemnify any such person seeking indemnification in connection with a proceeding (or part thereof) initiated by such person only
if such proceeding (or part thereof) was authorized by the Board of Directors of the Registrant.
The
Certificate of Incorporation also provides that expenses incurred by an officer or director of the Registrant (acting in his or her capacity as such) in defending any such action,
suit or proceeding shall be paid by the Registrant in advance of its final disposition, provided that if required by the DGCL such expenses shall be advanced only upon delivery to the Registrant of an
undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that he or she is not entitled to be indemnified by the Registrant.
The
Certificate of Incorporation also provides that indemnification provided for in the Certificate of Incorporation shall not be exclusive of any other right which any person may have
or hereafter acquire under any statute, provision of the Certificate of Incorporation, bylaw, agreement, vote of the stockholders or disinterested directors or otherwise and that the Registrant may
purchase and maintain insurance to protect itself and any such person against any such expenses, liability and loss, whether or not the Registrant would have the power to indemnify such person against
such expenses, liability or loss under the DGCL.
The
Registrant maintains a directors' and officers' liability insurance policy providing coverage to its directors and officers, as authorized by the Certificate of Incorporation.
Item 16. Exhibits
The following Exhibits are filed as part of this Registration Statement:
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1
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Form of Underwriting Agreement (to be filed by amendment or as an exhibit to a document to be incorporated by reference herein in connection with an offering of securities).
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2.1
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Master Acquisition Agreement dated as of July 16, 2010, by and between Motorola Solutions, Inc. (formerly Motorola, Inc.) and Nokia Siemens Networks B.V. (incorporated by reference to
Exhibit 2.1 to Motorola Solutions Report on Form 8-K filed on July 19, 2010 (File No. 1-7221)).
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2.2
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Amendment No. 1 dated as of April 12, 2011 to the Master Acquisition Agreement dated as of July 16, 2010, by and between Motorola Solutions, Inc. (formerly Motorola, Inc.) and Nokia Siemens
Networks B.V. (incorporated by reference to Exhibit 2.1(b) of Motorola Solutions Report on Form 10-Q filed on April 2, 2011 (File No. 1-7221)).
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4.1
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Senior Indenture, dated as of May 1, 1995, between The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A. (as successor Trustee to JPMorgan Chase Bank (as
successor in interest to Bank One Trust Company))) and Motorola, Inc. (incorporated by reference to Exhibit 4(d) of the Registrant's Registration Statement on Form S-3 dated September 25, 1995 (Registration No. 33-62911)).
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4.2
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Instrument of Resignation, Appointment and Acceptance, dated as of January 22, 2001, among Motorola, Inc., Bank One Trust Company, N.A. and BNY Midwest Trust Company (as successor in interest to Harris Trust
and Savings Bank) (incorporated by reference to Exhibit 4.2(b) to Motorola, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2000 (File No. 1-7221)).
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4.3
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Form of Subordinated Indenture (incorporated by reference to Exhibit 4(e) of the Registrant's Registration Statement on Form S-3 dated October 17, 1994 (File No. 33-56055)).
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Table of Contents
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Certain instruments defining the rights of holders of long-term debt of Motorola, Inc. and of all its subsidiaries for which consolidated or unconsolidated financial statements are required to be filed are being
omitted pursuant to paragraph(4)(iii)(A) of Item 601 of Regulation S-K. Motorola Solutions agrees to furnish a copy of any such instrument to the Commission upon request.
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5
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Opinion of Winston & Strawn LLP.
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23.1
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Consent of KPMG LLP.
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23.2
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Consent of Winston & Strawn LLP (included as part of Exhibit 5).
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24
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Power of Attorney (included on signature page).
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25.1
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Statement of Eligibility of The Bank of New York Mellon Trust Company, N.A., as Trustee with respect to the Senior Indenture dated as of May 1, 1995.
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25.2
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Statement of Eligibility of Trustee with respect to the Subordinated Indenture*
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-
*
-
To
be filed as an exhibit to this registration statement pursuant to a post effective amendment at the time of a particular offering of subordinated debt.
Item 17. 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 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 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 SEC 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)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section 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 SEC 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, or is contained in a form of prospectus filed pursuant
to Rule 424(b) that is part of 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
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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 the purpose of determining liability under the Securities Act of 1933 to any purchaser:
(A) Each
prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus
was deemed part of and included in the registration statement; and
(B) Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to
an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be
deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of
securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be
deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that
time shall be deemed to be the initial
bona fide
offering thereof.
Provided
,
however
, that no statement made
in a registration statement or prospectus that is part of the registration statement or made in a document incorporated
or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such
effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior
to such effective date.
(5) That
for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the
undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the
securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and
will be considered to offer or sell such securities to such purchaser:
-
(i)
-
Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
-
(ii)
-
Any
free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned
registrant;
-
(iii)
-
The
portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its
securities provided by or on behalf of the undersigned registrant; and
-
(iv)
-
Any
other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(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 Section 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
II-4
Table of Contents
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 SEC 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.
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Table of Contents
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 of the requirements for filing on Form S-3 and has duly caused this registration statement, or amendment thereto, to be signed on its behalf by the undersigned, thereunto
duly authorized, in the Village of Schaumburg and the State of Illinois, on the 8th day of May, 2012.
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MOTOROLA SOLUTIONS, INC.
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By:
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/s/ EDWARD J. FITZPATRICK
Edward J. Fitzpatrick
Executive Vice President and
Chief Financial Officer
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Gregory Q. Brown,
Edward J. Fitzpatrick and John K. Wozniak and each of them severally, as 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 and all amendments (including pre-effective and post-effective amendments) to
this Registration Statement and any related Registration Statement filed pursuant to Rule 462(b) or any successor regulation, 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.
*
* * *
II-6
Table of Contents
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 and
as of the dates indicated.
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Signature
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Title
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Date
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/s/ GREGORY Q. BROWN
Gregory Q. Brown
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Chief Executive Officer and Chairman of the Board (Principal Executive Officer)
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May 8, 2012
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/s/ EDWARD J. FITZPATRICK
Edward J. Fitzpatrick
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Executive Vice President and Chief Financial Officer (Principal Financial Officer)
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May 8, 2012
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/s/ JOHN K. WOZNIAK
John K. Wozniak
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Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer)
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May 8, 2012
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/s/ DAVID W. DORMAN
David W. Dorman
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Director
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April 30, 2012
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/s/ WILLIAM J. BRATTON
William J. Bratton
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Director
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May 8, 2012
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/s/ KENNETH C. DAHLBERG
Kenneth C. Dahlberg
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Director
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May 8, 2012
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/s/ MICHAEL V. HAYDEN
Michael V. Hayden
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Director
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May 1, 2012
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/s/ JUDY C. LEWENT
Judy C. Lewent
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Director
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May 8, 2012
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/s/ SAMUEL C. SCOTT III
Samuel C. Scott III
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Director
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May 8, 2012
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/s/ DR. JOHN A. WHITE
Dr. John A. White
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Director
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May 8, 2012
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II-7
Grafico Azioni Motorola Solutions (NYSE:MSI)
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