AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON February 14, 2003
Registration No. 333-100302
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------
AMENDMENT NO 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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CORNING INCORPORATED
(Exact name of registrant as specified in its charter)
NEW YORK 16-0393470
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE RIVERFRONT PLAZA
CORNING, NEW YORK 14831
(Address, including zip code, and telephone number, including
area code of registrant's principal executive offices)
-----------------------------
WILLIAM D. EGGERS
Senior Vice President and General Counsel
Corning Incorporated
One Riverfront Plaza
Corning, New York 14831
(Name, address including zip code, and telephone number,
including area code of agent for service)
TELEPHONE: (607) 974-9000
FAX: (607) 974-8656
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO PUBLIC: From time
to time after the effective date of this Registration Statement.
If the only securities on this Form are being offered pursuant to
dividend or interest reinvestment plans, please check the following box. [ ]
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. [X]
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. [ ]
If this Form is a post-effective amendment filed pursuant to Rule
462(c) 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. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule
434, please check the following box. [ ]
---------------------------
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES
AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE
A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT
SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE
SECURITIES ACT OF 1933, AS AMENDED, OR UNTIL THE REGISTRATION STATEMENT SHALL
BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION
8(A), MAY DETERMINE.
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The information in this prospectus is not complete and may be changed. We may
not sell these securities until the registration statement filed with the
Securities and Exchange Commission is effective. This prospectus is not an offer
to sell these securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted.
PROSPECTUS
CORNING INCORPORATED
30,376,670 Shares of Common Stock
($.50 par value)
On September 30, 2002, we issued 30,376,670 shares of our common stock,
par value $0.50 per share, to Lucent Technologies International Inc. as partial
consideration for our acquisition of all of the issued and outstanding shares of
common stock of an indirect subsidiary of Lucent Technologies, Inc., named
Lucent Technologies Mauritius Ltd. We refer to Lucent Technologies
International, Inc. as the selling shareholder. In connection with the
acquisition, we have agreed to register the shares of our common stock offered
by this prospectus. We will not receive any of the proceeds from the sale of the
shares of our common stock by the selling shareholder.
Our common stock is listed on the New York Stock Exchange under the
symbol "GLW." On September 27, 2002, the closing price of our common stock, as
reported on the New York Stock Exchange, was $1.46 per share.
The selling shareholder, or its pledgees, donees, transferees or other
successors in interest may sell all or a portion of the shares from time to time
on one or more stock exchanges, in the over-the-counter market or otherwise, at
prices and at terms then prevailing or at prices related to the current market
price, or in negotiated transactions.
----------------------
INVESTING IN OUR COMMON STOCK INVOLVES RISK. SEE THE SECTION ENTITLED "RISK
FACTORS" IN THE DOCUMENTS WE FILE WITH THE SECURITIES AND EXCHANGE COMMISSION
THAT ARE INCORPORATED BY REFERENCE IN THIS PROSPECTUS FOR CERTAIN RISKS AND
UNCERTAINTIES THAT YOU SHOULD CONSIDER.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
----------------------
The date of this Prospectus is February 14, 2003
TABLE OF CONTENTS
Page
----
Forward-Looking Statements...............................................2
About Corning Incorporated...............................................2
Selling Shareholder......................................................3
Plan of Distribution ...................................................3
Description of Corning Capital Stock.....................................3
Legal Matters............................................................5
Experts .................................................................5
Where You Can Find More Information .....................................6
FORWARD-LOOKING STATEMENTS
Statements included in this prospectus and in the documents we
incorporate by reference which are not historical facts are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. These statements describe a number of risks, uncertainties and other
factors that could cause results to differ materially, as discussed in the
documents we incorporate by reference. These statements may appear in the
sections of our documents filed with the Securities and Exchange Commission (the
"Commission") captioned "Business," "Risk Factors," and "Management's Discussion
and Analysis," among others.
ABOUT
CORNING INCORPORATED
We trace our origins to a glass business established in 1851. The
present corporation was incorporated in the State of New York in December 1936,
and our name was changed from Corning Glass Works to Corning Incorporated on
April 28, 1989.
We are a global, technology-based corporation that operates in three
broadly based operating business segments:
O Telecommunications;
O Advanced Materials; and
O Information Display.
The Telecommunications segment produces optical fiber and cable,
optical hardware and equipment, photonic modules and components, and optical
networking devices for the worldwide telecommunications industry. The Advanced
Materials segment manufactures specialized products with unique properties for
customer applications utilizing glass, glass ceramic and polymer technologies.
Businesses within this segment include environmental products, life science
products, semiconductor materials and optical and lighting products. The
Information Display Segment manufactures glass panels and funnels for
televisions and CRT's, liquid-crystal display, glass for flat panel displays and
projection video lens assemblies.
Our principal office is located at One Riverfront Plaza, Corning, New
York 14831. Our telephone number is (607) 974-9000.
SELLING SHAREHOLDER
Under the terms of a securities purchase agreement, as amended,
pursuant to which we acquired from selling shareholder all of the outstanding
shares of Lucent Technologies Mauritius Ltd., we agreed to register 30,376,670
shares of Corning common stock for resale by the selling shareholder. On the
closing date of the acquisition, September 30, 2002, the selling shareholder's
beneficial ownership interest in shares of Corning common stock was as set forth
in the table below. The selling shareholder does not currently own nor will own,
upon completion of the transaction, more than 3% of Corning's outstanding common
stock.
NAME NUMBER OF SHARES MAXIMUM NUMBER OF SHARES NUMBER OF SHARES
BENEFICIALLY OWNED TO BE SOLD PURSUANT TO BENEFICIALLY OWNED AFTER
PRIOR TO THE OFFERING THIS PROSPECTUS THE OFFERING (1)
------------------------------------ ------------------------- ---------------------------- --------------------------
Lucent Technologies 0 30,376,670 0
Intenational, Inc.
(1) Assumes the sale of all the shares of Corning common stock offered by this
prospectus.
PLAN OF DISTRIBUTION
The shares covered by this prospectus may be offered and sold from time
to time by the selling shareholder or, to the extent permitted, its pledgees,
donees, transferees or other successors in interest . The selling shareholder
will act independently of Corning in making decisions with respect to the
timing, manner and size of each sale. The selling shareholder may sell the
shares being offered hereby on the New York Stock Exchange, or otherwise, at
prices and under terms then prevailing or at prices related to the then current
market price, at varying prices or at negotiated prices. The shares offered
hereby may be sold, without limitation, by one or more of the following means of
distribution: (a) a block trade in which the broker-dealer so engaged will
attempt to sell such shares as agent, but may position and resell a portion of
the block as principal to facilitate the transaction; (b) purchases by a
broker-dealer as principal and resale by such broker-dealer for its own account
pursuant to this prospectus; (c) ordinary brokerage transactions and
transactions in which the broker solicits purchasers; (d) in privately
negotiated transactions; and (e) in an underwritten offering. To the extent
required, this prospectus may be amended and supplemented from time to time to
describe a specific plan of distribution.
In connection with distributions of the shares offered hereby or
otherwise, the selling shareholder may enter into hedging transactions with
broker-dealers or other financial institutions. In connection with such
transactions, broker-dealers or other financial institutions may engage in short
sales of Corning's common stock in the course of hedging the positions they
assume with the selling shareholder. The selling shareholder may also sell
Corning's common stock short and deliver the shares offered hereby to close out
such short positions. The selling shareholder may also enter into option or
other transactions with broker-dealers or other financial institutions which
require the delivery to such broker-dealer or other financial institution of
shares offered hereby, which shares such broker-dealer or other financial
institution may resell pursuant to this prospectus (as supplemented or amended
to reflect such transaction). The selling shareholder may also pledge the shares
offered hereby to a broker-dealer or other financial institution, and, upon a
default, such broker-dealer or other financial institution, may effect sales of
the pledged shares pursuant to this prospectus (as supplemented or amended to
reflect such transaction).
Any broker-dealer participating in such transactions as agent may
receive commissions from the selling shareholder and/or purchasers of the shares
offered hereby (and, if it acts as agent for the purchaser of such shares, from
such purchaser). Usual and customary brokerage fees will be paid by the selling
shareholder. Broker-dealers may agree with the selling shareholder to sell a
specified number of shares at a stipulated price per share, and, to the extent
such a broker-dealer is unable to do so acting as agent for the selling
shareholder, to purchase as principal any unsold shares at the price required to
fulfill the broker-
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dealer commitment to the selling shareholder. Broker-dealers who acquire shares
as principal may thereafter resell such shares from time to time in transactions
(which may involve cross and block transactions and which may involve sales to
and through other broker-dealers, including transactions of the nature described
above) in the over-the-counter market, in negotiated transactions or otherwise
at market prices prevailing at the time of sale or at negotiated prices, and in
connection with such resales, may pay to or receive from the purchasers of such
shares commissions computed as described above.
To comply with the securities laws of certain states, if applicable,
the shares offered hereby will be sold in such jurisdictions only through
registered or licensed brokers or dealers. In addition, in certain states the
shares offered hereby may not be sold unless they have been registered or
qualified for sale in the applicable state or an exemption from the registration
or qualification requirement is available and is complied with.
At the time a particular offer of shares is made, if required, a
prospectus supplement will be distributed that will set forth the number of
shares being offered and the terms of the offering, including the name of any
underwriter, dealer or agent, the purchase price paid by any underwriter, any
discount, commission and other item constituting compensation, any discount,
commission or concession allowed or reallowed or paid to any dealer, and the
proposed selling price to the public.
We are responsible for expenses incident to the registration under the
Securities Act of 1933, as amended, of the offer and sale of shares of Corning
common stock by the selling shareholder, subject to the limitations set forth in
the agreements to which we and the selling shareholder are party.
We have agreed to indemnify the selling shareholder and any
underwriters they may use against certain civil liabilities, including
liabilities under the Securities Act of 1933, as amended.
DESCRIPTION OF CORNING CAPITAL STOCK
AUTHORIZED CAPITAL STOCK
Corning's authorized capital stock consists of 3,800,000,000 shares of
common stock, $.50 par value, and 10,000,000 shares of preferred stock, $100 par
value.
COMMON STOCK
As of December 31, 2002, we had approximately 1,202,294,211 outstanding
shares of Corning common stock. The holders of Corning common stock are entitled
to one vote for each share on all matters submitted to a vote of shareholders
and do not have cumulative voting rights. Corning's board of directors is
classified into three classes of approximately equal size, one of which is
elected each year. Accordingly, holders of a majority of the Corning common
stock entitled to vote in any election of directors may elect all of the
directors standing for election. The holders of Corning common stock are
entitled to share ratably in all assets of Corning which are legally available
for distribution, after payment of all debts and other liabilities and subject
to the prior rights of any holders of Corning preferred stock then outstanding.
Effective July 9, 2001, Corning's board of directors determined that no future
dividends will be paid. The holders of Corning common stock have no preemptive,
subscription, redemption or conversion rights. The outstanding shares of Corning
common stock are fully paid and nonassessable. The rights, preferences and
privileges of holders of Corning common stock are subject to the rights of the
holders of shares of any series of Corning preferred stock which Corning may
issue in the future.
3
PREFERRED STOCK
Corning has designated 2,400,000 shares of its preferred stock as
Series A junior participating preferred stock and 5,750,000 shares as Series C
mandatory convertible preferred stock. Series A preferred stock is reserved for
issuance upon exercise of the rights distributed to the holders of Corning
common stock pursuant to the Corning Rights Agreement referred to below. On
August 20, 2002, we redeemed all of our outstanding shares of our Series B
convertible preferred stock. No other Corning preferred stock is outstanding. As
of December 31, 2002, we had outstanding approximately 1,551,702 shares of
7.00% Series C mandatory convertible preferred stock. Our Series C preferred
stock will automatically convert on August 16, 2005 in to between 50.813 shares
and 62.500 shares of our common stock, depending on the then current market
price of our common stock, and subject to certain adjustments. Future dividends
on our Series C preferred stock evidenced by our promissory note, which is
collateralized by U.S. treasury securities. At any time prior to the conversion
date, holders may convert each of their shares of our Series C preferred stock
into 50.813 shares of Corning common stock and an amount of cash based on the
converted shares' pro rata portion of the market value of collateral securing
our promissory note for future dividends on our Series C preferred stock. In the
event we are subject to a voluntary or involuntary liquidation, dissolution or
winding, the holders of our Series C preferred stock are entitled to receive
from the assets available for distribution before any distributions with respect
to future series of junior preferred stock and our common stock a liquidating
distribution of $100 per share plus all accrued and unpaid dividends.
Corning's board of directors has the authority, without further
shareholder approval, to create other series of preferred stock, to issue shares
of preferred stock in such series up to the maximum number of shares of the
relevant class of preferred stock authorized, and to fix the dividend rights and
terms, conversion rights and terms, voting rights, redemption rights and terms,
liquidation preferences, sinking funds and any other rights, preferences and
limitations applicable to each such series of Corning preferred stock. The
purpose of authorizing Corning's board of directors to determine such rights and
preferences is to eliminate delays associated with a shareholder vote on
specific issuances. The issuance of Corning preferred stock, while providing
flexibility in connection with possible acquisitions and other corporate
purposes, could, among other things, adversely affect the voting power of
holders of Corning common stock and, under certain circumstances, make it more
difficult for a third party to gain control of Corning.
This summary of the rights and privileges of our outstanding stock is
qualified by our restated certificate of incorporation, as amended, and the
Certificate of Amendment of the certificate of incorporation with respect to our
Series C preferred stock which are exhibits to the registration statement of
which this prospectus forms a portion.
RIGHTS AGREEMENT
Corning has adopted a Rights Agreement, dated as of June 5, 1996, which
provides for the issuance of one right to the holder of each share of Corning
common stock. Ten days after any person or group acquires or announces its
intention to acquire 20% or more of the outstanding Corning common stock, each
Corning right will entitle the holder, other than the acquiring person or group,
to purchase one one-hundredth of a share of Series A preferred stock, at an
exercise price of $41.67 subject to certain antidilution adjustments.
If a person or group announces its intention to acquire 20% or more of
the outstanding Corning common stock or if Corning is acquired in a merger or
other business combination or sells 50% or more of
4
its assets or earning power, each Corning right, other than a Corning right
beneficially owned by the acquiring person or group, which will be void, will
entitle the holder to purchase, at the exercise price, common stock of the
acquiring person or group having a current market value of two times the
exercise price of the right. Prior to a person or group acquiring 50% or more of
the outstanding Corning common stock, Corning's board of directors may also
elect to issue a share of Corning common stock in exchange for each Corning
right, other than Corning rights held by the acquiring person or group.
The Corning rights expire on July 15, 2006, unless this expiration date
is extended or the Corning rights are exchanged or redeemed by Corning before
such date. Prior to an announcement by a person or group of its intent to
acquire 20% or more of the outstanding Corning common stock, Corning may redeem
the Corning rights in whole, but not in part, for $.01 per Corning right, or it
may amend the Corning Rights Agreement in any way without the consent of the
holders of the Corning rights.
INDEMNIFICATION AND LIABILITY OF DIRECTORS AND OFFICERS
Sections 722 and 723 of the Business Corporation Law of the State of
New York provide that a corporation may indemnify its current and former
directors and officers under certain circumstances. Corning's bylaws provide
that it shall indemnify each director and officer against all costs and expenses
actually and reasonably incurred by him in connection with the defense of any
action or proceeding against him or related appeal by reason of his being or
having been a director or officer of Corning to the full extent permitted by the
Business Corporation Law.
Section 402(b) of the Business Corporation Law provides that a
corporation may include a provision in its certificate of incorporation limiting
the liability of its directors to the corporation or its shareholders for
damages for the breach of any duty, except for a breach involving intentional
misconduct, bad faith, a knowing violation of law or receipt of an improper
personal benefit or for certain illegal dividends, loans or stock repurchases.
Corning's restated certificate of incorporation provides that its directors'
liability is limited to the extent permitted by the Business Corporation Law.
TRANSFER AGENT AND REGISTER
The transfer agent and registrar for the Corning common stock is
Computershare Investor Services LLC in Chicago, Illinois.
LEGAL MATTERS
The validity of the shares of our common stock is being passed on for
us by William D. Eggers, Esq., Senior Vice President and General Counsel of
Corning Incorporated. Mr. Eggers owns substantially less than 1% of the
outstanding shares of our common stock.
EXPERTS
The consolidated financial statements incorporated in this Prospectus
by reference to the Annual Report on Form 10-K/A of Corning Incorporated for the
year ended December 31, 2001, have been so incorporated in reliance on the
report of PricewaterhouseCoopers LLP, independent accountants, given on the
authority of said firm as experts in auditing and accounting.
5
WHERE YOU CAN FIND MORE INFORMATION
Corning is subject to the informational requirements of the Exchange
Act and, in accordance therewith file reports, proxy statements and other
information with the Commission. The reports, proxy statements and other
information filed by Corning with the Commission can be viewed electronically
through the Commission's Electronic Data Gathering, Analysis and Retrieval
(EDGAR) system. The Commission maintains a World Wide Web site at
http://www.sec.gov that contains reports, proxy and information statements and
other information regarding registrants that file electronically with the
Commission. Copies can be inspected and copied at the public reference
facilities maintained by the Commission at Room 1024, 450 Fifth Street, N.W.,
Washington, D.C. 20549, and at the Commission's Regional Offices located at 233
Broadway, New York, New York 10279 and 500 West Madison Street, Suite 1400,
Chicago, Illinois 60661. Copies of such materials also can be obtained at
prescribed rates from the Public Reference Section of the Commission at 450
Fifth Street, N.W., Washington, D.C. 20549. Information regarding the Public
Reference Room may be obtained by calling the Commission at (800) 732-0330.
Corning common stock is listed on the New York Stock Exchange. Reports and other
information concerning Corning may also be inspected at the offices of the New
York Stock Exchange, 20 Broad Street, New York, New York 10005.
Corning has filed with the Commission a registration statement on Form
S-3 under the Securities Act with respect to the sale by selling shareholder of
the shares of Corning common stock issued to it as partial consideration for our
acquisition of all of the issued and outstanding shares of common stock of
Lucent Technologies Mauritius Ltd. This prospectus does not contain all the
information set forth in the registration statement, selected portions of which
are omitted in accordance with the rules and regulations of the Commission. For
further information with respect to Corning and the Corning common stock,
reference is made to the registration statement (including its exhibits).
The Commission allows us to "incorporate by reference" information into
this prospectus, which means that we can disclose important information to you
by referring you to another document filed separately with the Commission.
Statements contained in this prospectus or in any document incorporated by
reference in this prospectus as to the contents of any contract or other
document referred to herein or therein are not necessarily complete, and in each
instance reference is made to the copy of such contract or other document (if
any) filed as an exhibit to the registration statement or such other document,
each such statement being qualified in all respects by such reference. The
information incorporated by reference is deemed to be part of this prospectus.
This prospectus incorporates by reference the documents set forth below that
Corning has previously filed with the Commission. These documents contain
important information about Corning and its finances.
CORNING FILINGS (FILE NO. 1-03247) PERIOD
--------------------------------- ------
Annual Report on Form 10-K................Year ended December 31, 2001
filed March 4, 2002
Annual Report on Form 10-K/A..............Year ended December 31, 2001
Filed March 7, 2002
Quarterly Reports on Form 10-Q............Quarter ended March 31, 2002,
filed May 7, 2002
Quarter ended June 30, 2002,
filed July 24, 2002
Quarter ended September 30, 2002,
filed November 1, 2002
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Registration Statement on Form 8-A...........Filed July 11, 1996
Current Reports on Form 8-K.............Filed January 14,2002
Filed January 23, 2002
Filed April 15, 2002
Filed April 22, 2002
Filed April 25, 2002
Filed July 23, 2002
Filed July 23, 2002
Filed July 29, 2002
Filed July 30, 2002
Filed July 30, 2002
Filed August 1, 2002
Filed August 2, 2002
Filed August 7, 2002
Filed August 26, 2002
Filed October 30, 2002
Filed November 12, 2002
Filed December 5, 2002
Filed January 23, 2003
All documents and reports subsequently filed by Corning pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the termination
of this offering shall be deemed to be incorporated by reference in this
prospectus and to be a part hereof from the date of filing of such documents or
reports. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this prospectus to the extent that a statement contained herein
or in any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this prospectus.
This prospectus incorporates important business and financial
information about Corning that is not included in or delivered with this
prospectus. Documents incorporated by reference which are not presented herein
or delivered herewith (other than exhibits to such documents unless such
exhibits are specifically incorporated by reference) are available to any
person, including any beneficial owner, to whom this prospectus is delivered, on
written or oral request, without charge to: Corning Incorporated, One Riverfront
Plaza, Corning, New York 14831 (telephone number (607) 974-9000), Attention:
Secretary.
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PART II. INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Sections 722 and 723 of the Business Corporation Law of the State of
New York ("BCL") provide that a corporation may indemnify its current and former
directors and officers under certain circumstances. Article VIII of the
Company's By-Laws provides that the Company shall indemnify each director and
officer against all costs and expenses actually and reasonably incurred by him
in connection with the defense of any claim, action, suit or proceeding against
him by reason of his being or having been a director or officer of the Company
to the full extent permitted by, and consistent with, the BCL.
Section 402(b) of the BCL provides that a corporation may include a
provision in its certificate of incorporation limiting the liability of its
directors to the corporation or its shareholders for damages for the breach of
any duty, except for a breach involving intentional misconduct, bad faith, a
knowing violation of law or receipt of an improper personal benefit or for
certain illegal dividends, loans or stock repurchases. Paragraph 7 of the
Company's Restated Certificate of Incorporation contains such a provision.
For the undertaking in relation to indemnification, please see Item 17
below.
II-1
Item 16. Exhibits.
EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------ -----------
3.1 Restated Certificate of Incorporation of the Company, dated
December 6, 2000 (incorporated by reference to Exhibit 3(i) of
the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2000).
3.2 Certificate of Amendment, dated April 27, 2000, increasing the
number of authorized shares of common stock (incorporated by
reference to Exhibit 3(i) to the Company's Current Report on
Form 8-K filed May 3, 2000).
3.3 Certificate of Amendment, dated August 5, 2002, establishing
the number, designation, relative rights, preference and
limitations of the Company's 7.00% Series C Mandatory
Convertible Preferred Stock increasing the number of
authorized shares of common stock (incorporated by reference
to Exhibit 99.1 to the Company's Current Report on Form 8-K
filed August 7, 2002).
3.4 By-laws of the Company effective December 6, 2000
(incorporated by reference to Exhibit 3(ii) of the Company's
Annual Report on Form 10-K for the fiscal year ended December
31, 2000).
4.1 Form of Common Stock Certificate of the Company (incorporated
by reference to Exhibit 4 of the Company's Registration
Statement on Form S-4 filed with the Commission on June 17,
1992 (Registration Statement No. 33-48488)).
4.2 Rights Agreement, dated as of June 5, 1996, between the
Company and Harris Trust and Savings Bank, as rights agent
(incorporated by reference to Exhibit 1 of the Company's
Current Report on Form 8-K dated July 10, 1996).
4.3 Form of Preferred Share Purchase Right of the Company
(included in Exhibit 4.2).
5.1 Opinion of William D. Eggers, Esq. as to the legality of
shares registered.*
23.1 Consent of William D. Eggers, Esq. (included in Exhibit 5.1).
23.2 Consent of PricewaterhouseCoopers LLP.
24.1 Powers of Attorney.*
-----------------------------
* Filed herewith
II-2
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;
(ii) to reflect in the prospectus any facts or events
arising after the effective date of this registration
statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the
registration statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected
in the form of prospectus filed with the Commission pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20% change in the maximum
aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration
statement; and
(iii) to include any material information with
respect to the plan of distribution not previously disclosed
in this registration statement or any material change to such
information in the registration statement;
provided, however, that paragraphs (i) and (ii) do not apply if the
information required to be included in a post-effective amendment
thereby is contained in periodic reports filed by the Company pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
(the "Exchange Act") that are incorporated by reference in the
registration statement;
.. (2) that, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and
(3) to remove from registration by means of post-effective
amendment any of the securities being registered which remain unsold at
the termination of the offering.
(b) The undersigned registrant undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Company's annual report pursuant to Section 13(a) or Section 15(d) of
the Exchange Act (and, where applicable, each filing of an employee
benefit plan's annual report pursuant to Section 15(d) of the Exchange
Act) 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.
II-3
(c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling
persons of a registrant pursuant to the foregoing provisions, or
otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against
public policy as expressed in such Act and is, therefore,
unenforceable. In the event a claim against the registrant for
indemnification against such liabilities (other than the payment by a
registrant of expenses incurred or paid by a director, officer or
controlling person of such 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
herein, 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 such Act and will be
governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant, Corning Incorporated, a New York corporation, certifies that it has
reasonable grounds to believe it meets all the requirements for filing on Form
S-3, and has duly caused this Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of Corning, State of
New York, on the 14th day of February, 2003.
CORNING INCORPORATED
(Registrant)
By: /s/ William D. Eggers
--------------------------------
William D. Eggers
Senior Vice President
Pursuant to the requirements of the Securities Act of 1933, this Amendment
No. 1 to the Registration Statement has been signed below on February 14, 2003
by the following persons in the capacities indicated:
NAME AND SIGNATURE TITLE
------------------ -----
/s/ James R. Houghton Chief Executive Officer
----------------------- and Chairman
(James R. Houghton) (Principal Executive Officer)
/s/ James B. Flaws Chief Financial Officer
----------------------- and Vice Chairman
(James B. Flaws) (Principal Financial Officer)
/s/ Katherine A. Asbeck Senior Vice President and Controller
----------------------- (Principal Accounting Officer)
(Katherine A. Asbeck)
* Director
-----------------------
(John Seely Brown)
* Director
-----------------------
(Gordon Gund)
* Director
-----------------------
(John M. Hennessy)
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NAME AND SIGNATURE TITLE
------------------ -----
* Director
-----------------------
(Jeremy R. Knowles)
* Director
-----------------------
(James J. O'Connor)
* Director
-----------------------
(Catherine A. Rein)
* Director
-----------------------
(Deborah D. Rieman)
* Director
-----------------------
(H. Onno Ruding)
* Director
-----------------------
(William D. Smithburg)
* Director
-----------------------
(Hansel E. Tookes II)
* Director
-----------------------
(Peter F. Volanakis)
* Director
-----------------------
(Wendell P. Weeks)
*By: /s/ William D. Eggers
----------------------------
(William D. Eggers)
(Attorney-in-fact)
Dated: February 14, 2003
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
3.1 Restated Certificate of Incorporation of the Company,
dated December 6, 2000 (incorporated byreference to
Exhibit 3(i) of the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2000).
3.2 Certificate of Amendment, dated April 27, 2000,
increasing the number of authorized shares of common
stock (incorporated by reference to Exhibit 3(i) to
the Company's Current Report on Form 8-K filed May 3,
2000).
3.3 Certificate of Amendment, dated August 5, 2002,
establishing the number, designation, relative
rights, preference and limitations of the Company's
7.00% Series C Mandatory Convertible Preferred Stock
increasing the number of authorized shares of common
stock (incorporated by reference to Exhibit 99.1 to
the Company's Current Report on Form 8-K filed August
7, 2002).
3.4 By-laws of the Company effective December 6, 2000
(incorporated by reference to Exhibit 3(ii) of the
Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2000).
4.1 Form of Common Stock Certificate of the Company
(incorporated by reference to Exhibit 4 of the
Company's Registration Statement on Form S-4 filed
with the Commission on June 17, 1992 (Registration
Statement No. 33-48488)).
4.2 Rights Agreement, dated as of June 5, 1996, between
the Company and Harris Trust and Savings Bank, as
rights agent (incorporated by reference to Exhibit 1
of the Company's Current Report on Form 8-K dated
July 10, 1996).
4.3 Form of Preferred Share Purchase Right of the Company
(included in Exhibit 4.2).
5.1 Opinion of William D. Eggers, Esq. as to the legality
of shares registered (incorporated by reference to Exhibit 5.1 of the
Company's Registration Statement on Form S-3 filed
with the Commission on October 3, 2002 (Registration
Statement No. 333-100302)).
23.1 Consent of William D. Eggers, Esq. (included in Exhibit 5.1 of the
Company's Registration Statement on Form S-3 filed with the Commission
on October 3, 2002 (Registration Statement No. 333-100302)).
23.2 Consent of PricewaterhouseCoopers LLP.(incorporated by reference to
Exhibit 5.1 of the Company's Registration Statement on Form S-3 filed
with the Commission on October 3, 2002 (Registration Statement No.
333-100302)).
24.1 Powers of Attorney(incorporated by reference to Exhibit 5.1 of the
Company's Registration Statement on Form S-3 filed with the
Commission on October 3, 2002 (Registration Statement No.333-100302)).
24.1 Powers of Attorney for Jeremy R. Knowles*
-----------------------------
* Filed herewith
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