1 As filed with the Securities and Exchange Commission on May 25, 2000 REGISTRATION NO. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LAMAR ADVERTISING COMPANY (Exact Name of Registrant as Specified in its Charter) DELAWARE 72-1449411 (State or Other Jurisdiction (I.R.S. Employer of Incorporation) Identification No.) 5551 CORPORATE BLVD., BATON ROUGE, LOUISIANA 70808 (Address of Principal Executive Offices) 1996 EQUITY INCENTIVE PLAN (Full Title of the Plan) KEVIN P. REILLY, JR. Chairman, President and Chief Executive Officer Lamar Advertising Company 5551 Corporate Boulevard Baton Rouge, Louisiana 70808 (225) 926-1000 (Name, Address and Telephone Number of Agent for Service) with copies to: STANLEY KELLER, ESQ. Palmer & Dodge LLP One Beacon Street Boston, Massachusetts 02108 (617) 573-0100 CALCULATION OF REGISTRATION FEE PROPOSED MAXIMUM PROPOSED MAXIMUM TITLE OF EACH CLASS OF SECURITIES AMOUNT TO BE OFFERING PRICE PER AGGREGATE OFFERING AMOUNT OF TO BE REGISTERED REGISTERED(1) SHARE(2) PRICE(3) REGISTRATION FEE - --------------------------------- ------------- ------------------ ------------------- ---------------- Class A Common Stock, $0.001 par value 1,000,000 shares $39.5625 $39,562,500 $10,445 (1) Pursuant to Rule 416 under the Securities Act of 1933, to the extent additional shares of Lamar Class A common stock may be issued or issuable as a result of a stock split or other distribution declared at any time by the Board of Directors while this registration statement is in effect, this registration statement is hereby deemed to cover all such additional Class A common stock. (2) Estimated solely for the purpose of determining the registration fee and computed pursuant to Rule 457(h) and based upon the average of the high and low sale prices on May 24, 2000 as reported by the Nasdaq National Market. (3) This Registration Statement registers an additional 1,000,000 shares issuable under the registrant's 1996 Equity Incentive Plan (the "Plan"). The registrant has previously registered 4,000,000 shares issuable under the Plan (Registration Statement Nos. 333-10337 and 333-79571).
2 STATEMENT REGARDING INCORPORATION BY REFERENCE FROM EFFECTIVE REGISTRATION STATEMENTS. Pursuant to Instruction E to Form S-8, the registrant incorporates by reference into this registration statement the contents of the registration statements it filed on Form S-8 with the SEC on August 16, 1996 (File No. 333-10337) and May 28, 1999 (File No. 333-79571), as amended by Post-Effective Amendment No. 1 thereto filed with the SEC on July 19, 1999, in their entirety, except as to items set forth below. The Form S-8 filed on August 16, 1996 relates to the registration of 2,000,000 shares of the registrant's Class A common stock, $0.001 par value per share authorized for issuance under the registrant's 1996 Equity Incentive Plan (the "Plan"); these 2,000,000 shares of Class A common stock currently represent 3,000,000 shares of Class A common stock after giving effect to a 3:2 stock split that became effective on February 27, 1998. The Form S-8 filed on May 28, 1999 relates to the registration of 1,000,000 shares of the registrant's Class A common stock authorized for issuance under the Plan. This Registration Statement provides for the registration of an additional 1,000,000 shares of the registrant's Class A common stock authorized for issuance under the Plan. ITEM 8. EXHIBITS. See Exhibit Index on page 5.
3 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Baton Rouge, State of Louisiana, on this 25th day of May, 2000. LAMAR ADVERTISING COMPANY By: /s/ Kevin P. Reilly, Jr. --------------------------------------------- Kevin P. Reilly, Jr., Chairman, President and Chief Executive Officer POWER OF ATTORNEY We, the undersigned officers and directors of Lamar Advertising Company, hereby severally constitute and appoint Kevin P. Reilly, Jr. and Keith A. Istre, and each of them singly, our true and lawful attorneys-in-fact, with full power to them in any and all capacities, to sign any amendments to this Registration Statement on Form S-8 (including any post-effective amendments thereto), and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact may do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on this 25th day of May, 2000: Signature Capacity - --------- -------- /s/ Kevin P. Reilly, Jr. President, Chief Executive Officer - ------------------------- (Principal Executive Officer) and Director Kevin P. Reilly, Jr. /s/ Keith A. Istre Chief Financial Officer - ------------------------- (Principal Financial Officer and Principal Keith A. Istre Accounting Officer) and Director /s/ Charles W. Lamar, III Director - --------------------------- Charles W. Lamar, III /s/ Gerald H. Marchand Director - --------------------------- Gerald H. Marchand /s/ Stephen P. Mumblow Director - --------------------------- Stephen P. Mumblow /s/ Sean E. Reilly Director - --------------------------- Sean E. Reilly /s/ Wendell Reilly Director - --------------------------- Wendell Reilly /s/ T. Everett Stewart, Jr. Director - --------------------------- T. Everett Stewart, Jr. Director - --------------------------- Thomas O. Hicks Director - ------------------------- R. Steven Hicks
4 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION ------ ----------- 3.1 Certificate of Incorporation of Lamar New Holding Co. Previously filed as exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 1999 (File No. 0-20833) filed on August 16, 1999 and incorporated herein by reference. 3.2 Certificate of Amendment of Certificate of Incorporation of Lamar New Holding Co. (whereby the name of Lamar New Holding Co. was changed to Lamar Advertising Company). Previously filed as exhibit 3.2 to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 1999 (File No. 0-20833) filed on August 16, 1999 and incorporated herein by reference. 3.3 Bylaws of the Company. Previously filed as exhibit 3.3 to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 1999 (File No. 0-20833) filed on August 16, 1999 and incorporated herein by reference. 5 Opinion of Palmer & Dodge LLP as to the legality of the securities registered hereunder. Filed herewith. 23.1 Consent of Palmer & Dodge LLP (contained in Exhibit 5). 23.2 Consent of KPMG LLP, independent accountants. Filed herewith. 24 Power of Attorney (included in the signature page hereto).
1 EXHIBIT 5 PALMER & DODGE LLP ONE BEACON STREET, BOSTON, MA 02108-3190 TELEPHONE: (617) 573-0100 FACSIMILE: (617) 227-4420 May 25, 2000 Lamar Advertising Company 5551 Corporate Boulevard Baton Rouge, Louisiana 70808 Ladies and Gentlemen: We are rendering this opinion in connection with the Registration Statement on Form S-8 (the "Registration Statement") filed by Lamar Advertising Company (the "Company") with the Securities and Exchange Commission under the Securities Act of 1933, as amended, on or about the date hereof. The Registration Statement relates to 1,000,000 shares (the "Shares") of the Company's Class A Common Stock, $0.001 par value, offered pursuant to the provisions of the Company's 1996 Equity Incentive Plan (the "Plan"). We have acted as your counsel in connection with the preparation of the Registration Statement and are familiar with the proceedings taken by the Company in connection with the authorization, issuance and sale of the Shares. We have examined all such documents as we consider necessary to enable us to render this opinion. Based upon the foregoing, we are of the opinion that, when issued in accordance with the terms of the Plan and the options or other rights granted thereunder, the Shares will be duly authorized, validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion as a part of the Registration Statement. Very truly yours, /s/ PALMER & DODGE LLP
1 Exhibit 23.2 INDEPENDENT AUDITORS' CONSENT The Board of Directors Lamar Advertising Company: We consent to incorporation by reference in the Registration Statement on Form S-8 of Lamar Advertising Company of our reports dated March 17, 2000, relating to (a) the consolidated balance sheets of Lamar Advertising Company and subsidiaries as of December 31, 1999 and 1998, and the related consolidated statements of operations, comprehensive income, stockholders' equity and cash flows for each of the years in the three-year period ended December 31, 1999 and related schedules, and (b) the consolidated balance sheets of Lamar Media Corp. and subsidiaries as of December 31, 1999 and 1998, and the related consolidated statements of operations, comprehensive income, stockholders' equity and cash flows for each of the years in the three-year period ended December 31, 1999 and related schedules, which reports appear in the December 31, 1999 annual report on Form 10-K of Lamar Advertising Company. Our reports refer to a change in the method of accounting for costs of start-up activities. /s/ KPMG LLP New Orleans, Louisiana May 24, 2000