UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-A/A
AMENDMENT
NO. 2
FOR
REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT
TO SECTION 12(b) OR (g) OF THE
SECURITIES
EXCHANGE ACT OF 1934
IDACORP,
Inc.
(Exact
name of registrant as specified in its charter)
Idaho
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82-0505802
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(State
of incorporation or organization)
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(I.R.S.
Employer
Identification
No.)
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1221
West Idaho Street
Boise,
Idaho
(Address
of principal executive offices)
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83702
(Zip
Code)
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Securities
to be registered pursuant to Section 12(b) of the Act:
Title
of each class
to be so
registered
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Name
of each exchange on which
each class is to be
registered
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|
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Common Stock, without
par value
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New York Stock
Exchange
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If this
form relates to the registration of a class of securities pursuant to
Section 12(b) of the Exchange Act and is effective pursuant to General
Instruction A.(c), check the following box. þ
If this
form relates to the registration of a class of securities pursuant to
Section 12(g) of the Exchange Act and is effective pursuant to General
Instruction A.(d), check the following box. ¨
Securities
Act registration statement file number to which this form
relates: ____________________
(if
applicable)
Securities
to be registered pursuant to Section 12(g) of the Act:
None
(Title of
class)
Item
1. Description of Registrant’s Securities to be
Registered.
This
amendment no. 2 to the registration statement on Form 8-A/A amends the
registration statement on Form 8-A that we filed on October 20, 1999, as amended
by amendment no. 1 to the registration statement on Form 8-A/A filed on
September 28, 2004.
On
September 10, 2008, the Rights Agreement between IDACORP, Inc. and Wells Fargo
Bank, N.A., as successor to The Bank of New York, as rights agent, dated as of
September 10, 1998, as amended, and the preferred share purchase rights issued
thereunder, expired in accordance with their terms. As a result, our
shares no longer are accompanied by a right to purchase, under certain
circumstances, one one-hundredth of a share of our A series preferred
stock.
This
amendment no. 2 to the registration statement on Form 8-A/A eliminates all
references to the Rights Agreement and the rights issued
thereunder.
DESCRIPTION
OF COMMON STOCK
General
The
following is a description of our common stock. This description
contains a summary of the material terms of our common stock. You
should refer to our articles of incorporation, as amended, and our amended
bylaws, which we have filed with the Securities and Exchange Commission, because
these documents and the laws of the state of Idaho, and not this summary, will
govern your rights as a holder of common stock.
Our
articles of incorporation, as amended to date, authorize us to issue 120,000,000
shares of common stock, without par value, and 20,000,000 shares of preferred
stock, without par value.
Dividend
Rights
Subject
to the prior rights of the preferred stock, holders of our common stock are
entitled to receive any dividends our board of directors may declare on the
common stock. The board of directors may declare dividends from any
property legally available for this purpose.
Voting
Rights
The
common stock has one vote per share. The holders of our common stock
are entitled to vote on all matters to be voted on by
shareholders. The holders of our common stock are not entitled to
cumulative voting in the election of directors.
Holders
of our preferred stock will not have any right to vote except as established by
our board of directors or as provided in our articles of incorporation or bylaws
or by state law.
A
majority of the outstanding shares entitled to vote on a particular matter at a
meeting constitutes a quorum. Action on a matter is approved if the
votes cast favoring the action exceed the votes cast opposing the action, unless
our articles of incorporation, the Idaho Business
Corporation
Act or our bylaws require a greater number of affirmative votes. A
plurality of the votes cast determines the election of directors.
Liquidation
Rights
Subject
to the prior rights of the preferred stock, if we liquidate, dissolve or wind
up, whether this is voluntary or not, the holders of our common stock will be
entitled to receive any net assets available for distribution to
shareholders.
Other
Rights
The
common stock is not liable to further calls or assessment. The
holders of our common stock are not entitled to subscribe for or purchase
additional shares of our capital stock. Our common stock is not
subject to redemption and does not have any conversion or sinking fund
provisions.
Effects
on Our Common Stock If We Issue Preferred Stock
Our board
of directors has the authority, without further action by shareholders, to issue
up to 20,000,000 shares of preferred stock in one or more series. The
board of directors has the authority to determine the terms of each series of
preferred stock, within the limits of the articles of incorporation and the laws
of the state of Idaho. These terms include the number of shares in a
series, dividend rights, liquidation preferences, terms of redemption,
conversion rights and voting rights.
If we
issue preferred stock, it may negatively affect the holders of our common
stock. These possible negative effects include diluting the voting
power of shares of our common stock and affecting the market price of our common
stock. In addition, the ability of our board of directors to issue
preferred stock without shareholder approval may delay or prevent a change in
control of the company.
PROVISIONS
OF OUR ARTICLES OF INCORPORATION AND OUR BYLAWS THAT COULD DELAY OR PREVENT A
CHANGE IN CONTROL
Although
it is not the intention of the board of directors to discourage legitimate
offers to enhance shareholder value, the existence of unissued common stock, the
ability of the board of directors to issue preferred stock without further
shareholder action and other provisions of our articles of incorporation and
bylaws may discourage transactions aimed at obtaining control of
IDACORP.
Provisions
Relating to Our Board of Directors
Classified
Board
We have
divided the members of our board of directors into three classes having
staggered terms. The number of directors in each class is as nearly
equal as possible. Directors in each class are elected for a
three-year term.
This
classification of the board of directors may prevent shareholders from changing
the membership of the entire board of directors in a relatively short period of
time. At least two annual meetings, instead of one, generally will be
required to change the majority of directors. The classified board
provisions could have the effect of prolonging the time required for a
shareholder with significant voting power to gain majority representation on the
board of directors. Where majority or supermajority board of
directors approval is necessary for a transaction, such as an interested
shareholder business combination, the inability to immediately gain majority
representation on the board of directors could discourage takeovers and tender
offers.
Number of Directors,
Vacancies, Removal of Directors
Our
bylaws provide that the board of directors will have at least 9 and at most 15
directors. The size of the board may be changed by a two-thirds vote
of shareholders entitled to vote, or by a majority vote of the board of
directors. A majority of the board decides the exact number of
directors at a given time. The board fills any new directorships it
creates and any vacancies.
Directors
may be removed by the shareholders only for cause and only if at least
two-thirds of the shares of our outstanding voting stock approve the
removal.
These
provisions may delay or prevent a shareholder from gaining control of the
board.
Meetings
of Shareholders
Calling of a Special
Meeting
The
president, a majority of the board of directors or the chairman of the board may
call a special meeting of the shareholders at any time. Holders of at
least 20% of the outstanding shares entitled to vote may call a special meeting
if such holders sign, date and deliver to our secretary one or more written
demands describing the purpose(s) of the proposed meeting. Upon
receipt of one or more written demands from such holders, our secretary is
responsible for determining whether such demand or demands conform to the
requirements of the Idaho Business Corporation Act, our articles of
incorporation and bylaws. After making an affirmative determination,
our secretary will prepare, sign and deliver the notices for such
meeting. The shareholders may suggest a time and place in their
demand(s), but the board of directors will determine the time and place of any
such meeting by resolution. These provisions for calling a special
meeting may delay or prevent a person from bringing matters before a shareholder
meeting.
No Cumulative
Voting
Our
articles of incorporation do not provide for cumulative voting. This
could prevent directors from being elected by a relatively small group of
shareholders.
Advance Notice
Provisions
Our
bylaws require that for a shareholder to nominate a director or bring other
business before an annual meeting, the shareholder must give notice to our
secretary not later than the close of business on the 120th day prior to the
first anniversary of the date on which we first mailed proxy materials for the
preceding year's annual meeting. If the date of the annual meeting is
more than 30 days before or after the anniversary date of the preceding year's
annual meeting, the shareholder must deliver notice no later than the close of
business on the 10th day following the day on which we first publicly announce
the date of such meeting.
Our
bylaws also limit business at a special meeting to the purposes stated in the
notice of the special meeting.
These
advance notice provisions may delay a shareholder from bringing matters before a
shareholder meeting. The provisions may provide enough time for our
board of directors to begin litigation or take other steps to respond to these
matters, or to prevent them from being acted upon, if our board of directors
finds it necessary or desirable for any reason.
Amendment
of Articles of Incorporation
Our
articles of incorporation require an 80% vote of shareholders entitled to vote
in order to amend the provisions relating to the board of directors and the
amendment of our articles of incorporation, unless such amendment is recommended
by two-thirds of the continuing directors, as defined.
Amendment
of Bylaws
Amendment
of the bylaws relating to the board of directors or advance notice provisions
for shareholder meetings requires a two-thirds vote of shareholders entitled to
vote or a majority vote of the board of directors.
PROVISIONS
OF IDAHO LAW THAT COULD DELAY OR PREVENT
A CHANGE
IN CONTROL
Idaho
Control Share Acquisition Law
We are
subject to the provisions of the Idaho Control Share Acquisition
Law. This law is designed to protect minority shareholders in the
event that a person acquires or proposes to acquire shares of voting stock
giving it at least 20%, at least 33 1/3%, or more than 50% of the voting power
in the election of our directors. Under this law, an acquiring person
must deliver to us an information statement that includes the acquiring person's
identity, its acquisition plans and its financing. The acquiring
person cannot vote the shares it holds that are greater than the applicable
percentages unless two-thirds of the outstanding voting stock, excluding shares
owned by the acquiring person, approves of such voting power. If the
acquiring person so requests and complies with other requirements, we must hold
a special meeting within 55 days of receiving the information statement from the
acquiring person for the shareholders to vote. If the acquiring
person does not deliver the information statement, or our shareholders do not
approve such voting power, we may redeem all of the acquiring person's shares
that exceed the applicable percentage at their fair market
value.
Idaho
Business Combination Law
We are
also subject to the Idaho Business Combination Law. This law
prohibits us from engaging in certain business combinations with a person who
owns 10% or more of our outstanding voting stock for a three-year period after
the person acquires the shares. This prohibition does not apply if
our board of directors approved of the business combination or the acquisition
of our shares before the person acquired 10% of the shares. After the
three-year period, we could engage in a business combination with the person
only if two-thirds of our outstanding voting stock, excluding shares owned by
the person, approve, or the business combination meets minimum price
requirements.
Item
2. Exhibits.
1.
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Articles
of Incorporation of IDACORP, Inc. (incorporated by reference to Exhibit
3.1 to Amendment No. 1 to the Registration Statement on Form S-3 of
IDACORP, Inc. (File No. 333-64737), filed on November 4,
1998).
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2.
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Articles
of Amendment to Articles of Incorporation of IDACORP, Inc., as filed with
the Secretary of State of Idaho on March 9, 1998 (incorporated by
reference to Exhibit 3.2 to Amendment No. 1 to the Registration Statement
on Form S-3 of IDACORP, Inc. (File No. 333-64737), filed on November 4,
1998).
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3.
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Articles
of Amendment to Articles of Incorporation of IDACORP, Inc. creating A
Series Preferred Stock, without par value, as filed with the Secretary of
State of Idaho on September 17, 1998 (incorporated by reference to Exhibit
3(b) to Post-Effective Amendment No. 1 to the Registration Statement on
Form S-3 of IDACORP, Inc. (File No. 333-00139-99), filed on September 22,
1998).
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4.
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Amended
Bylaws of IDACORP, Inc., amended on November 15, 2007 (incorporated by
reference to Exhibit 3.1 to the Current Report on Form 8-K of IDACORP,
Inc. (File No. 1-14465), filed on November 19,
2007).
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SIGNATURE
Pursuant
to the requirements of Section 12 of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to the registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized.
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IDACORP,
INC.
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Date:
September 19, 2008
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By: |
/s/ Darrel T.
Anderson |
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Name: |
Darrel
T. Anderson |
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Title: |
Senior
Vice President – Administrative Services |
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and
Chief Financial Officer |
EXHIBIT
INDEX
Number
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Description
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1.
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Articles
of Incorporation of IDACORP, Inc. (incorporated by reference to Exhibit
3.1 to Amendment No. 1 to the Registration Statement on Form S-3 of
IDACORP, Inc. (File No. 333-64737), filed on November 4,
1998).
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2.
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Articles
of Amendment to Articles of Incorporation of IDACORP, Inc., as filed with
the Secretary of State of Idaho on March 9, 1998 (incorporated by
reference to Exhibit 3.2 to Amendment No. 1 to the Registration Statement
on Form S-3 of IDACORP, Inc. (File No. 333-64737), filed on November 4,
1998).
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3.
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Articles
of Amendment to Articles of Incorporation of IDACORP, Inc. creating A
Series Preferred Stock, without par value, as filed with the Secretary of
State of Idaho on September 17, 1998 (incorporated by reference to Exhibit
3(b) to Post-Effective Amendment No. 1 to the Registration Statement on
Form S-3 of IDACORP, Inc. (File No. 333-00139-99), filed on September 22,
1998).
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4.
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Amended
Bylaws of IDACORP, Inc., amended on November 15, 2007 (incorporated by
reference to Exhibit 3.1 to the Current Report on Form 8-K of IDACORP,
Inc. (File No. 1-14456), filed on November 19,
2007).
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