S-3
As filed with the Securities and
Exchange Commission on December 11, 2008
Registration
No. 333-
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
REVLON, INC.
(Exact name of Registrant as
specified in its charter)
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Delaware
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13-3662955
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(State or other jurisdiction
of
incorporation or organization)
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(I.R.S. Employer
Identification Number)
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237 Park Avenue
New York, New York
10017
(212) 527-4000
(Address, including zip code,
and telephone number, including area code, of registrants
principal executive offices)
Robert K.
Kretzman, Esq.
Executive Vice President, Chief
Legal Officer,
General Counsel and
Secretary
Revlon, Inc.
237 Park Avenue
New York, New York
10017
(212) 527-4000
(Name, address, including zip
code, and telephone number, including area code, of agent for
service)
Copies to:
Stacy J.
Kanter, Esq.
Skadden, Arps, Slate, Meagher
& Flom LLP
Four Times Square
New York, New York
10036
(212) 735-3000
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,
please check the following
box: o
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. þ
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. o
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. o
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. o
If this Form is a post-effective amendment to a registration
statement filed pursuant to 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. o
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 the 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 o
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Accelerated
filer þ
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Non-accelerated
filer o
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Smaller reporting
company o
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(Do not check if a smaller
reporting company)
CALCULATION OF REGISTRATION
FEE
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Proposed Maximum
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Proposed Maximum
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Amount of
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Title of Each Class of
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Amount to be
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Offering
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Aggregate
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Registration
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Securities to be Registered(1)
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Registered(1)(2)(3)
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Price Per Unit(3)(4)
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Offering Price(2)(3)(5)
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Fee(6)
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Class A Common Stock, par value $0.01 per share
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Preferred Stock, par value $0.01 per share
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Warrants to purchase Class A Common Stock, Preferred Stock
or other securities
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Subscription Rights to purchase Class A Common Stock or
Preferred Stock
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Stock Purchase Contracts
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Stock Purchase Units
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Total
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$84,219,699.20
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$3,310
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(1)
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Securities registered hereunder may
be sold separately, together or as units with other securities
registered hereunder. There is being registered hereunder such
currently indeterminate number or amount of Class A Common
Stock, Preferred Stock, Warrants, Subscription Rights, Stock
Purchase Contracts and Stock Purchase Units as may from time to
time be issued at currently indeterminate prices and as may be
issuable upon conversion, redemption, repurchase, exchange or
exercise of any securities registered hereunder, including under
any applicable anti-dilution provisions.
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(2)
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Subject to Rule 462(b) under
the Securities Act of 1933, as amended (the Securities
Act), in no event will the aggregate initial offering
price of the Class A Common Stock, Preferred Stock,
Warrants, Subscription Rights, Stock Purchase Contracts and
Stock Purchase Units issued under this Registration Statement
exceed $250,000,000.
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(3)
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Not specified as to each class of
securities to be registered pursuant to General Instruction II.D
of Form S-3.
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(4)
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The proposed maximum offering price
per unit will be determined from time to time by the Registrant
in connection with, and at the time of, the issuance by the
Registrant of the securities registered hereunder.
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(5)
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Calculated in accordance with
Rule 457(o) under the Securities Act.
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(6)
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The $250,000,000 of securities
registered hereunder includes $165,780,300.80 of securities (the
Unsold Securities) registered pursuant to
Registration Statement No. 333-128815 filed by the
Registrant on October 4, 2005 and declared effective on
December 13, 2005. Pursuant to Rule 415(a)(6) under
the Securities Act, $19,512.34 of filing fees previously paid in
connection with the Unsold Securities will continue to be
applied to the Unsold Securities. A filing fee of $3,310 is paid
herewith in connection with the $84,219,699.20 of new securities
registered hereunder.
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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 or until this Registration
Statement shall become effective on such date as the Securities
and Exchange Commission, acting pursuant to said
Section 8(a), may determine.
The Registrant has an existing shelf Registration
Statement that went effective on December 13, 2005 and
which expires on December 13, 2008, pursuant to SEC rules.
Accordingly, the Registrant is filing this new shelf
Registration Statement for the purpose of continuing to provide
the Registrant with the ability to sell securities from time to
time covered by this Registration Statement. There are no
selling stockholders named in the prospectus, which
forms a part of this Registration Statement. The Registrant has
included in this Registration Statement $165,780,300.80 of
securities (the Unsold Securities) registered
pursuant to Registration Statement
No. 333-128815.
Pursuant to Rule 415(a)(6) under the Securities Act,
$19,512.34 of filing fees previously paid in connection with the
Unsold Securities will continue to be applied to the Unsold
Securities. In accordance with SEC rules, the Registrant may
continue to offer and sell the Unsold Securities during the
grace period afforded by Rule 415(a)(5). If the Registrant
sells any Unsold Securities during the grace period, the
Registrant will identity in a pre-effective amendment to this
Registration Statement the new amount of Unsold Securities to be
carried forward to this Registration Statement in reliance upon
Rule 415(a)(6).
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.
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SUBJECT
TO COMPLETION, DATED DECEMBER 11, 2008
PROSPECTUS
$250,000,000
REVLON,
INC.
Class A
Common Stock
Preferred Stock
Warrants
Subscription Rights
Stock Purchase Contracts
Stock Purchase Units
Revlon, Inc. may offer from time to time its Class A common
stock, or Revlon Class A Common Stock, preferred stock,
warrants to purchase shares of Revlon Class A Common Stock,
preferred stock or other securities, subscription rights to
purchase shares of Revlon Class A Common Stock or preferred
stock, stock purchase contracts to purchase shares of Revlon
Class A Common Stock or preferred stock and stock purchase
units consisting of (a) stock purchase contracts and
(b) warrants.
The aggregate initial public offering price of all securities
that may be offered pursuant to this prospectus will not exceed
$250,000,000.
This prospectus provides you with a general description of the
securities we may offer. There are no selling
stockholders named in this prospectus. Each time we offer
securities for sale, we will provide a supplement to this
prospectus that contains specific information about the offering
and the terms of the securities. A prospectus supplement may
also add to, update or change information contained in this
prospectus. You should read this prospectus and any accompanying
prospectus supplement carefully before you make your investment
decision.
This prospectus may not be used to sell securities unless
accompanied by a prospectus supplement.
Revlon Class A Common Stock is listed on the New York Stock
Exchange (NYSE) under the symbol REV.
Investing in our securities involves risks, including the
risks described in our Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007 (filed with the
Securities and Exchange Commission, or the SEC, on March 5,
2008), the risk factors described under the caption Risk
Factors in any applicable prospectus supplement
and/or any
risk factors set forth in our other filings with the SEC
pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act of 1934, as amended, or the Exchange
Act, as discussed on page 2 of this prospectus.
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 ACCOMPANYING
PROSPECTUS SUPPLEMENT IS TRUTHFUL OR COMPLETE. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this prospectus
is .
ABOUT
THIS PROSPECTUS
We have an existing shelf registration
statement that went effective on December 13, 2005 and
which expires on December 13, 2008, pursuant to SEC rules.
Accordingly, we are filing this prospectus as part of a new
shelf registration statement for the purpose of continuing to
provide us with the ability to sell securities from time to time
covered by this prospectus. There are no
selling stockholders named in this
prospectus.
This prospectus is part of a registration statement that we
filed with the SEC using a shelf registration
process. Under this shelf process, we may, from time to time,
sell any combination of the securities described in this
prospectus in one or more offerings up to a total dollar amount
of $250,000,000.
This prospectus only provides you with a general description of
the securities we may offer. Each time we offer securities, we
will provide a prospectus supplement that will contain specific
information about the terms of that offering and the manner in
which the securities will be offered. The prospectus supplement
may also add to, update or change information contained in this
prospectus. We urge you to read both this prospectus and any
accompanying prospectus supplement together with additional
information described under the heading Where You Can Find
More Information beginning on page 2.
No person is authorized to give you any information, or make any
statement, regarding us or any offering or represent anything
not contained in this prospectus and the accompanying prospectus
supplement. We are only offering the securities in places where
sales of those securities are permitted. You should not assume
that the information contained in this prospectus and any
accompanying prospectus supplement or information incorporated
by reference herein or therein, is current as of any date other
than the date of such information. Our business, financial
condition, results of operations and prospectus may have changed
since that date.
This prospectus and any accompanying prospectus supplement do
not contain all of the information included in the registration
statement as permitted by the rules and regulations of the SEC.
For further information, we refer you to the registration
statement on
Form S-3,
including its exhibits, including, without limitation, exhibits
which are incorporated by reference into the registration
statement. We are subject to the informational requirements of
the Exchange Act, and, therefore, file reports and other
information with the SEC. Statements contained in this
prospectus and any accompanying prospectus supplement about the
provisions or contents of any agreement or other document are
only summaries. If SEC rules require that any agreement or
document be filed as an exhibit to the registration statement,
you should refer to that agreement or document for its complete
contents.
In this prospectus, we refer to the Revlon Class A Common
Stock, preferred stock, warrants, subscription rights, stock
purchase contracts and stock purchase units collectively as the
securities. Unless the context requires otherwise,
the terms the Company, we,
our, ours and us refer to
Revlon, Inc. and Revlon Consumer Products Corporation, Revlon,
Inc.s wholly-owned operating subsidiary, and to the
subsidiaries of Revlon Consumer Products Corporation. References
to Products Corporation are to Revlon Consumer
Products Corporation and its subsidiaries, except that in the
discussion of the capital stock and related matters, these terms
refer solely to Revlon, Inc. and not to Revlon Consumer Products
Corporation or any of its subsidiaries. Unless the context
requires otherwise, references to Revlon are to
Revlon, Inc. and references to Products Corporation
are to Revlon Consumer Products Corporation and its subsidiaries.
OUR
COMPANY
We conduct our business exclusively through our direct
wholly-owned operating subsidiary, Products Corporation and its
subsidiaries. Our vision is to provide glamour, excitement and
innovation to consumers through high-quality products at
affordable prices. We manufacture, market and sell an extensive
array of cosmetics, womens hair color, beauty tools,
fragrances, skincare, anti-perspirants/deodorants and other
personal care products. We are one of the worlds leading
cosmetics companies in the mass retail channel (defined below).
We believe that our global brand name recognition, product
quality and marketing experience have enabled us to create one
of the strongest consumer brand franchises in the world.
Our products are sold worldwide and marketed under such brand
names as Revlon, including the Revlon ColorStay,
Revlon Super Lustrous and Revlon Age Defying
franchises, as well as the Almay brand, including the
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Almay Intense i-Color and Almay Smart Shade
franchises, in cosmetics; Revlon Colorsilk in
womens hair color; Revlon in beauty tools;
Charlie and Jean Naté in fragrances;
Ultima II and Gatineau in skincare; and
Mitchum in personal care products.
Our principal customers include large mass volume retailers,
chain drug stores and food stores (collectively, the mass
retail channel) in the U.S., as well as certain department
stores and other specialty stores, such as perfumeries, outside
the U.S. We also sell beauty products to U.S. military
exchanges and commissaries and have a licensing business
pursuant to which we license certain of our key brand names to
third parties for complementary beauty-related products and
accessories.
The Company was founded by Charles Revson, who revolutionized
the cosmetics industry by introducing nail enamels matched to
lipsticks in fashion colors over 75 years ago. Today, we
have leading positions in a number of our principal product
categories in the U.S. mass retail channel, including color
cosmetics (face, lip, eye and nail categories), womens
hair color, beauty tools and anti-perspirants/deodorants. We
also have leading positions in several product categories in
certain foreign countries, including Australia, Canada and South
Africa. Our products are sold throughout the world. Net sales in
the U.S. accounted for approximately 59% of our
2007 net sales, a majority of which were made in the mass
retail channel.
* * *
Our principal executive office is located at 237 Park Avenue,
New York, N.Y. 10017. Our telephone number
is (212) 527-4000.
RISK
FACTORS
You should carefully consider the specific risks described in
our Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007 (filed with the
SEC on October March 5, 2008), the risk factors described
under the caption Risk Factors in any applicable
prospectus supplement, and any risk factors set forth in our
other filings with the SEC pursuant to Sections 13(a),
13(c), 14, or 15(d) of the Exchange Act before making an
investment decision. Each of the risks described in these
documents could materially and adversely affect our business,
financial condition, results of operations and prospects, and
could result in a partial or complete loss of your investment.
See Where You Can Find More Information.
WHERE YOU
CAN FIND MORE INFORMATION
Revlon files and furnishes annual, quarterly and current reports
and other information, including proxy statements, with the SEC.
You may read and copy any reports or other information that we
file or furnish with the SEC at the SECs Public Reference
Room located at Station Place, 100 F Street, N.E.,
Washington, DC 20549. You may also receive copies of these
documents upon payment of a duplicating fee, by writing to the
SECs Public Reference Room. Please call the SEC at
1-800-SEC-0330
for further information on the operation of the Public Reference
Room in Washington D.C. and other locations. Our SEC filings are
also available to the public on the SECs website
(www.sec.gov).
The SEC allows us to incorporate by reference the
information that we file with it into this prospectus. This
means that we can disclose important information to you by
referring you to other documents filed separately with the SEC,
including our annual, quarterly and current reports. The
information incorporated by reference is considered to be a part
of this prospectus, except for any information that is modified
or superseded by information contained in this prospectus or any
other subsequently filed document. The information incorporated
by reference is an important part of this prospectus and any
accompanying prospectus supplement. All documents filed (but not
those that are furnished) by us with the SEC pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act,
after the initial filing of the registration statement, whether
before or after it is declared effective, and prior to the
termination of the offering of the securities will be
incorporated by reference into this prospectus and will
automatically update and supersede the information in this
prospectus, any accompanying prospectus supplement and any
previously filed document.
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The following documents have been filed by Revlon with the SEC
and are incorporated by reference into this prospectus:
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Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007 (filed with the
SEC on March 5, 2008 and as updated by the Current Report
on
Form 8-K
filed with the SEC on November 5, 2008, as referred to
below);
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Quarterly Reports on
Form 10-Q
for the quarterly periods ended March 31, 2008 (filed with
the SEC on May 6, 2008), June 30, 2008 (filed with the
SEC on July 31, 2008) and September 30, 2008
(filed with the SEC on November 5, 2008);
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Current Reports on
Form 8-K
filed with the SEC on February 1, 2008, April 11,
2008, August 7, 2008, August 11, 2008,
September 16, 2008, November 5, 2008 and
November 14, 2008 (with the exception of any information
contained in such documents which has been furnished
under Item 2.02
and/or
Item 7.01 of
Form 8-K,
which information is not deemed filed and which is
not incorporated by reference into this prospectus);
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Portions of Revlons Definitive Proxy Statement on
Schedule 14A filed with the SEC on April 25, 2008 that
are incorporated by reference into Part III of
Revlons Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007; and
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The section captioned Description of Capital Stock
in Amendment No. 4 to Revlons Registration Statement
on
Form S-1
(File No.
33-99558),
filed with the SEC on February 26, 1996, as incorporated by
reference into Revlons Registration Statement on
Form 8-A/A-1
(File
No. 33-99558),
filed on February 28, 1996.
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We will provide without charge to each person, including any
beneficial owner, to whom this prospectus is delivered, upon
written or oral request, a copy of any or all of the foregoing
documents incorporated herein by reference (other than exhibits
unless such exhibits are specifically incorporated by reference
in such documents). Requests for such documents should be
directed to Revlon, Inc., 237 Park Avenue, New York, N.Y. 10017,
(212) 527-4000,
Attention: Investor Relations.
FORWARD-LOOKING
STATEMENTS
This prospectus, any accompanying prospectus supplements and the
documents incorporated by reference contain forward-looking
statements that involve risks and uncertainties, which are based
on beliefs, expectations, estimates, projections, forecasts,
plans, anticipations, targets, outlooks, initiatives, visions,
objectives, strategies, opportunities, drivers and intents of
our management. Such statements are made in reliance upon the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. While we believe that our estimates and
assumptions are reasonable, we caution that it is very difficult
to predict the impact of known factors, and, of course,
impossible for us to anticipate all factors that could affect
our actual results. Our actual results may differ materially
from those discussed in such forward-looking statements.
Statements that are not historical facts, including statements
about our beliefs and expectations, are forward-looking
statements. Forward-looking statements can be identified by,
among other things, the use of forward-looking language, such as
believes, expects,
estimates, projects,
forecasts, plans,
anticipates, targets,
outlooks, initiatives,
visions, objectives,
strategies, opportunities,
drivers, intends, scheduled
to, seeks, may, will,
or should or the negative of those terms, or other
variations of those terms or comparable language, or by
discussions of strategy, plans, targets, models or intentions.
Forward-looking statements speak only as of the date they are
made, and except for our ongoing obligations under the
U.S. federal securities laws, we undertake no obligation to
publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise. Such
statements include, without limitation, our expectations and
estimates (whether qualitative or quantitative) as to our
intention and ability, including as a result of market
conditions or restrictions under our indentures, credit
agreements, other contractual arrangements or applicable law, to
issue securities pursuant to this prospectus. In addition to
factors that may be described in this prospectus, any
accompanying prospectus supplement and the documents
incorporated by reference, our determination not to, or
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difficulties, delays or unanticipated costs in or our inability
to, including as a result of market conditions or restrictions
under our indentures, credit agreements, other contractual
arrangement or applicable law, issue securities pursuant to this
prospectus, among others factors, could cause our actual results
to differ materially from those expressed in any forward-looking
statements made by us.
USE OF
PROCEEDS
Unless otherwise indicated in the applicable prospectus
supplement, the net proceeds from the sale of the securities
covered by this prospectus are expected to be used for general
corporate purposes, including without limitation, the repayment
or refinancing of outstanding debt, working capital
and/or
capital expenditures.
DESCRIPTION
OF THE SECURITIES
This prospectus contains summary descriptions of the Revlon
Class A Common Stock, preferred stock, warrants,
subscription rights, stock purchase contracts and stock purchase
units that may be offered from time to time pursuant to this
prospectus. These summary descriptions are not meant to be
complete descriptions of each security. The particular terms of
any security will be described in the applicable prospectus
supplement.
DESCRIPTION
OF CAPITAL STOCK
Revlon is currently authorized to issue 900,000,000 shares
of Revlon Class A Common Stock, par value $0.01 per
share, 200,000,000 shares of its Class B common stock,
or Revlon Class B Common Stock, par value $0.01 per share,
and 20,000,000 shares of preferred stock, par value $0.01
per share. Except as expressly set forth in Revlons
certificate of incorporation as summarized below, the rights of
the holders of Revlon Class A Common Stock and holders of
Revlon Class B Common Stock are in all respects identical.
As of September 30, 2008, Revlon had outstanding
48,189,858 shares of Revlon Class A Common Stock,
3,125,000 shares of Revlon Class B Common Stock and no
shares of preferred stock.
In September 2008, Revlon effected a
1-for-10
reverse stock split of its Class A and Class B Common
Stock (the Reverse Stock Split) pursuant to which
each ten (10) shares of Revlons Class A and
Class B Common Stock issued and outstanding immediately
prior to 11:59 p.m. on September 15, 2008 were
automatically combined into one (1) share of Class A
Common Stock and Class B Common Stock, respectively,
subject to the elimination of fractional shares. At
September 30, 2008, and after giving effect to the Reverse
Stock Split, MacAndrews & Forbes Holdings Inc.
(together with certain of its affiliates,
MacAndrews & Forbes), which is
wholly-owned by Ronald O. Perelman, beneficially owned
(i) 28,082,735 shares of Revlons Class A
Common Stock (including 4,561,610 shares of Class A
Common Stock owned by a family member of Mr. Perelman, with
respect to which MacAndrews & Forbes holds a voting
proxy) and (ii) all of the outstanding
3,125,000 shares of Revlons Class B Common
Stock. Based on the shares referenced in clauses (i) and
(ii) above, Mr. Perelman, directly and indirectly,
through MacAndrews & Forbes, at September 30,
2008, beneficially owned approximately 58% of Revlons
Class A Common Stock, 100% of Revlons Class B
Common Stock, which together represented approximately 61% of
Revlons outstanding shares of Class A and
Class B Common Stock and approximately 75% of the combined
voting power of Revlons outstanding shares of Class A
and Class B Common Stock at such date.
The following summary description of Revlons capital stock
is based on its certificate of incorporation and its by-laws in
effect as of the date of this prospectus and the applicable
provisions of the Delaware General Corporation Law, or the DGCL.
The terms of any class or series of preferred stock Revlon
offers pursuant to this prospectus will be set forth in a
certificate of designations and summarized in the applicable
prospectus supplement. The description in the applicable
prospectus supplement of any class or series of preferred stock
Revlon offers will not necessarily be complete and will be
qualified in its entirety by reference to Revlons
certificate of incorporation, any applicable certificate of
designations (which will be filed with the SEC if Revlon offers
preferred stock) and
by-laws. For
more information on how you can obtain copies of Revlons
certificate of incorporation, any applicable certificate of
designations and Revlons by-laws, see Where You Can
Find More Information beginning on page 2. We urge
you to read Revlons certificate of incorporation, any
applicable certificate of designations, by-laws and any
applicable prospectus supplement in their entirety.
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Revlon
Class A Common Stock and Revlon Class B Common
Stock
Each share of Revlon Class A Common Stock entitles the
holder to one vote and each share of Revlon Class B Common
Stock entitles the holder to ten votes at each annual or special
meeting of Revlons stockholders, in the case of any
written consent of stockholders and for all other purposes on
all matters being voted on by Revlons stockholders. The
holders of Revlon Class A Common Stock and Revlon
Class B Common Stock vote as a single class on all matters
submitted to a vote of Revlons stockholders, except as
otherwise provided by law. Neither the holders of Revlon
Class A Common Stock nor the holders of Revlon Class B
Common Stock have cumulative voting or preemptive rights.
The holders of Revlon Class A Common Stock and Revlon
Class B Common Stock are entitled to receive dividends and
other distributions as may be declared by Revlons board of
directors out of assets or funds legally available for that
purpose, subject to the rights of the holders of any series of
preferred stock, and any other provision of Revlons
certificate of incorporation. Revlons certificate of
incorporation provides that if at any time a dividend or other
distribution in cash or other property is paid on Revlon
Class A Common Stock or Revlon Class B Common Stock, a
like dividend or other distribution in cash or other property
will also be paid on the Revlon Class B Common Stock or
Revlon Class A Common Stock, as the case may be, in an
equal amount per share.
Revlons certificate of incorporation provides that if
shares of Revlon Class A Common Stock are paid on Revlon
Class A Common Stock and shares of Revlon Class B
Common Stock are paid on Revlon Class B Common Stock, in an
equal amount per share of Revlon Class A Common Stock and
Revlon Class B Common Stock, such payment will be deemed to
be a like dividend or other distribution. Revlon, as a holding
company, is dependent on the earnings and cash flow of, and
dividends and distributions from, Products Corporation to pay
its expenses and to pay any cash dividend or distribution on
Revlon Class A Common Stock that may be authorized by its
board of directors.
The terms of Products Corporations bank credit agreements,
Products Corporations senior subordinated term loan from
MacAndrews & Forbes, and the indenture governing
Products Corporations
91/2% Senior
Notes due April 1, 2011 currently restrict the ability of
Products Corporation to pay dividends or make distributions to
Revlon, except in limited circumstances as described under
Dividend Policy. State laws may also restrict or
prohibit Products Corporation from issuing dividends or making
distributions unless Products Corporation has sufficient surplus
or net profits, which Products Corporation may not have. In the
case of any split, subdivision, combination or reclassification
of Revlon Class A Common Stock or Revlon Class B
Common Stock, the shares of Revlon Class B Common Stock or
Revlon Class A Common Stock, as the case may be, will also
be split, subdivided, combined or reclassified so that the
number of shares of Revlon Class A Common Stock and Revlon
Class B Common Stock outstanding immediately following such
split, subdivision, combination or reclassification will bear
the same relationship to each other as that which existed
immediately prior to the split, subdivision, combination or
reclassification.
In the event of Revlons liquidation, dissolution or
winding up, the holders of Revlon Class A Common Stock and
the holders of Revlon Class B Common Stock will be entitled
to receive assets and funds available for distribution after
payments to creditors and to the holders of any preferred stock
that may at the time be outstanding, in proportion to the number
of shares held by them, respectively, without regard to class.
In the event of any corporate merger, consolidation, purchase or
acquisition of property or stock, or other reorganization in
which any consideration is to be received by the holders of
Revlon Class A Common Stock or the holders of Revlon
Class B Common Stock, the holders of Revlon Class A
Common Stock and the holders of Revlon Class B Common Stock
will receive the same consideration on a per share basis.
However, if such consideration consists of any voting securities
(or of options or warrants to purchase, or of securities
convertible into or exchangeable for, voting securities), the
holders of Revlon Class B Common Stock may receive, on a
per share basis, voting securities with ten times the number of
votes per share as those voting securities to be received by the
holders of Revlon Class A Common Stock (or options or
warrants to purchase, or securities convertible into or
exchangeable for, voting securities with ten times the number of
votes per share as those voting securities issuable upon
exercise of the options or warrants, or into which the
convertible or exchangeable securities to be received by the
holders of Revlon Class A Common Stock may be converted or
exchanged).
5
Revlons certificate of incorporation provides that no
person holding record or beneficial ownership of shares of
Revlon Class B Common Stock, each referred to in this
prospectus as a Revlon Class B Holder, which Revlon
Class B Holder is currently MacAndrews & Forbes,
may transfer, and Revlon will not register the transfer of, such
shares of Revlon Class B Common Stock, except to a
permitted transferee of such Revlon Class B Holder. A
permitted transferee of, for example, a stockholder that is a
corporation, is defined to include, among other things, a
corporation, limited liability company or partnership controlled
by such Revlon Class B Holder and other specified
affiliates of a Revlon Class B Holder. In certain
circumstances set forth in Revlons certificate of
incorporation, changes in ownership or control of a Revlon
Class B Holder will also result in the conversion of such
holders Revlon Class B Common Stock into Revlon
Class A Common Stock. Revlons certificate of
incorporation also provides that Revlon will not register the
transfer of any shares of Revlon Class B Common Stock
unless the transferee and the transferor of such Revlon
Class B Common Stock have furnished such affidavits and
other proof as Revlon reasonably may request to establish that
the proposed transferee is a permitted transferee. In addition,
upon any purported transfer of shares of Revlon Class B
Common Stock not permitted under Revlons certificate of
incorporation, all shares of Revlon Class B Common Stock
purported to be transferred will be deemed to be converted into
shares of Revlon Class A Common Stock, and stock
certificates formerly representing such shares of Revlon
Class B Common Stock will from that time be deemed to
represent the number of shares of Revlon Class A Common
Stock as equals the number of shares of Revlon Class A
Common Stock into which such shares of Revlon Class B
Common Stock could be converted pursuant to Revlons
certificate of incorporation.
In the event that the aggregate number of shares of Revlon
Class B Common Stock and Revlon Class A Common Stock
held by the Revlon Class B Holders and their permitted
transferees issued and outstanding at any time shall constitute
less than ten percent of the total combined number of shares of
Revlon Class A Common Stock and Revlon Class B Common
Stock issued and outstanding at such time, then, without further
action on the part of the Revlon Class B Holder or Revlon,
all shares of Revlon Class B Common Stock then issued and
outstanding will be deemed to be converted into shares of Revlon
Class A Common Stock, and stock certificates formerly
representing such shares of Revlon Class B Common Stock
will from that time be deemed to represent such number of shares
of Revlon Class A Common Stock as equals the number of
shares of Revlon Class A Common Stock into which such
shares of Revlon Class B Common Stock could be converted
pursuant to Revlons certificate of incorporation. In
addition, each share of Revlon Class B Common Stock shall
be convertible, at the option of its record holder, into one
validly issued, fully paid and non-assessable share of Revlon
Class A Common Stock at any time.
Any future issuance of additional authorized shares of Revlon
Class A Common Stock may, among other things, dilute the
earnings per share of the Revlon Class A Common Stock and
the equity and voting rights of those stockholders holding
Revlon Class A Common Stock at the time the additional
shares are issued.
The transfer agent and registrar for Revlon Class A Common
Stock is American Stock Transfer & Trust Company,
LLC. Revlon Class A Common Stock is listed on the NYSE
under the symbol REV.
Preferred
Stock
Revlons certificate of incorporation provides that it may
issue shares of preferred stock from time to time in one or more
class or series. Revlons board of directors is authorized
to fix the voting powers, if any, designations, preferences and
the relative, participating, optional or other rights, if any,
and the qualifications, limitations or restrictions thereof, of
any unissued class or series of preferred stock to fix the
number of shares constituting such class or series and to
increase or decrease the number of shares of any such class or
series (but not below the number of shares of such class or
series then outstanding). As of September 30, 2008, none of
the 20,000,000 authorized shares of preferred stock are
designated a class or series. Any class or series of preferred
stock could have rights which would adversely affect the rights
of a holder of Revlon Class A Common Stock. The shares of
any class or series of preferred stock need not be identical to
any other class or series.
The flexibility to authorize and issue shares of preferred stock
may be utilized for a variety of corporate purposes, including,
without limitation, future public offerings pursuant to this
prospectus to raise additional capital and corporate
acquisitions. This provision of Revlons certificate of
incorporation, however, may be deemed to have an anti-takeover
effect and may delay or prevent a tender offer or takeover
attempt that a stockholder might consider
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in its best interest, including those attempts that might result
in a premium over the market price for the shares held by
stockholders.
In the event that Revlon offers any class or series of preferred
stock, you should refer to the applicable prospectus supplement
relating to the class or series of preferred stock being offered
for the specific terms of that class or series, including:
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the title of the class or series and the number of shares in the
class or series;
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the price at which the preferred stock will be offered;
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the dividend rate or rates or method of calculating the rates,
the dates on which any dividends will be payable, whether or not
dividends will be cumulative or noncumulative and, if
cumulative, the dates from which dividends on the preferred
stock being offered will cumulate, whether any dividends will be
payable in cash, securities, other property or a combination of
the foregoing;
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the voting rights, if any, of the holders of shares of the
preferred stock being offered;
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the provisions for a sinking fund, if any, and the provisions
for redemption, if applicable, of the preferred stock being
offered;
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the liquidation preference per share;
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the terms and conditions, if applicable, upon which the
preferred stock being offered may be convertible into Revlon
Class A Common Stock (including any mandatory conversion
provisions), other securities identified in the registration
statement of which this prospectus forms a part, in which case
the preferred stock may be convertible into such other
securities at any time, or other securities not so identified,
in which case the preferred stock may be convertible into such
other securities only after one year from the date of sale of
the convertible preferred stock, including the conversion price,
or the manner of calculating the conversion price, and the
conversion period;
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any listing of the preferred stock being offered on any
securities exchange;
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the relative ranking and preferences of the preferred stock
being offered as to dividend rights and rights upon any
liquidation, dissolution or winding up of Revlons affairs;
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any limitations on the issuance of any class or series of
preferred stock ranking senior or equal to the series of
preferred stock being offered as to dividend rights and rights
upon any liquidation, dissolution or winding up of Revlons
affairs;
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any limitations on Revlons ability to take certain actions
without the consent of a specified number of holders of
preferred stock; and
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any additional designations, powers, preferences and the
relative, participating, optional or other rights and the
qualifications, limitations and restrictions of the class or
series.
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Section 203
of the DGCL
Section 203 of the DGCL provides, in general, that a
stockholder acquiring more than 15% of the voting power of a
corporation subject to the statute (referred to in this
prospectus as an Interested Stockholder), but less than 85% of
the voting power of such corporation, may not engage in certain
business combinations (as defined in Section 203 of the
DGCL) with the corporation for a period of three years
subsequent to the date on which the stockholder became an
Interested Stockholder unless (i) prior to such time the
corporations board of directors approved either the
business combination or the transaction in which the stockholder
became an Interested Stockholder or (ii) the business
combination is approved by the corporations board of
directors and authorized by a vote of at least
662/3%
of the voting power of the corporation not owned by the
Interested Stockholder. Revlons certificate of
incorporation contains a provision electing not to be governed
by Section 203 of the DGCL.
7
DESCRIPTION
OF WARRANTS
Revlon may issue warrants to purchase Revlon Class A Common
Stock, preferred stock or other securities. Revlon may issue
warrants independently or together with other securities.
Warrants sold with other securities may be attached to or
separate from the other securities. Revlon may issue warrants
under one or more warrant agreements to be entered into between
Revlon and a warrant agent that Revlon would name in the
applicable prospectus supplement.
The prospectus supplement relating to any warrants Revlon
offers, if any, will, to the extent applicable, include specific
terms relating to the offering, including some or all of the
following:
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the title of the warrants;
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the aggregate number of warrants to be offered;
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the number and terms of the shares of Revlon Class A Common
Stock, preferred stock, other securities identified in the
registration statement of which this prospectus forms a part, in
which case the warrants may be exercisable for such other
securities at any time, or other securities not so identified,
in which case the warrants may be exercisable for such other
securities only after one year from the date of sale of the
warrants, purchasable upon exercise of the warrants and
procedures by which those numbers may be adjusted;
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the exercise price of the warrants;
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the dates or periods during which the warrants are exercisable;
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the designation and terms of any securities with which the
warrants are issued;
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if the warrants are issued as a unit with another security, the
date on and after which the warrants and the other security will
be separately transferable;
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any minimum or maximum amount of warrants that may be exercised
at any one time;
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any terms relating to the modification of the warrants;
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any terms, procedures and limitations relating to the
transferability, exchange or exercise of the warrants; and
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any other specific terms of the warrants.
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The description in the applicable prospectus supplement of any
warrants Revlon offers will not necessarily be complete and will
be qualified in its entirety by reference to the applicable
warrant agreement, which will be filed with the SEC if Revlon
offers warrants. For more information on how you can obtain
copies of the applicable warrant agreement if Revlon offers
warrants, see Where You Can Find More Information
beginning on page 2. We urge you to read the applicable
warrant agreement and any applicable prospectus supplement in
their entirety.
DESCRIPTION
OF SUBSCRIPTION RIGHTS
Revlon may issue subscription rights to purchase shares of
Revlon Class A Common Stock or preferred stock. These
subscription rights may be issued independently or together with
any other security offered hereby and may or may not be
transferable by the stockholder receiving the subscription
rights in such offering. In connection with any offering of
subscription rights, Revlon may enter into a standby arrangement
with one or more underwriters or other purchasers pursuant to
which the underwriters or other purchasers may be required to
purchase any securities remaining unsubscribed for after such
offering.
The prospectus supplement relating to any subscription rights
Revlon offers, if any, will, to the extent applicable, include
specific terms relating to the offering, including some or all
of the following:
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the price, if any, for the subscription rights;
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the exercise price payable for each share of Revlon Class A
Common Stock or preferred stock upon the exercise of the
subscription rights;
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the number of subscription rights to be issued to each
stockholder;
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the number and terms of the shares of Revlon Class A Common
Stock or preferred stock which may be purchased per each
subscription right;
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the extent to which the subscription rights are transferable;
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any other terms of the subscription rights, including the terms,
procedures and limitations relating to the exchange and exercise
of the subscription rights;
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the date on which the right to exercise the subscription rights
shall commence, and the date on which the subscription rights
shall expire;
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the extent to which the subscription rights may include an
over-subscription privilege with respect to unsubscribed
securities; and
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if applicable, the material terms of any standby underwriting or
purchase arrangement which may be entered into by Revlon in
connection with the offering of subscription rights.
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The description in the applicable prospectus supplement of any
subscription rights Revlon offers will not necessarily be
complete and will be qualified in its entirety by reference to
the applicable subscription rights certificate, which will be
filed with the SEC if Revlon offers subscription rights. For
more information on how you can obtain copies of any
subscription rights certificate if Revlon offers subscription
rights, see Where You Can Find More Information
beginning on page 2. We urge you to read the applicable
subscription rights certificate and any applicable prospectus
supplement in their entirety.
DESCRIPTION
OF STOCK PURCHASE CONTRACTS AND STOCK PURCHASE UNITS
Revlon may issue stock purchase contracts representing contracts
obligating holders to purchase from Revlon, and Revlon to sell
to the holders, a specified or varying number of shares of
Revlon Class A Common Stock
and/or
preferred stock of Revlon at a future date or dates.
Alternatively, the stock purchase contracts may obligate Revlon
to purchase from holders, and obligate holders to sell to
Revlon, a specified or varying number of shares of Revlon
Class A Common Stock
and/or
preferred stock of Revlon. The price per share and the number of
shares may be fixed at the time the stock purchase contracts are
entered into or may be determined by reference to a specific
formula set forth in the stock purchase contracts. The stock
purchase contracts may be entered into separately or as a part
of a stock purchase unit that consist of (a) stock purchase
contracts and (b) warrants. The stock purchase contracts
may require Revlon to make periodic payments to the holders of
the stock purchase units or require the holders of the stock
purchase units to make periodic payments to Revlon. These
payments may be secured or unsecured or prefunded and may be
paid on a current or on a deferred basis. The stock purchase
contracts may require holders to secure their obligations under
the contracts in a specified manner.
The description in the applicable prospectus supplement of any
stock purchase contracts or stock purchase units Revlon offers
will not necessarily be complete and will be qualified in its
entirety by reference to the applicable purchase contract
agreement, which will be filed with the SEC if Revlon offers
stock purchase contracts or stock purchase units. For more
information on how you can obtain copies of the applicable
purchase contract agreement if Revlon offers stock purchase
contracts or stock purchase units, see Where You Can Find
More Information beginning on page 2. We urge you to
read the applicable purchase contract agreement and any
applicable prospectus supplement in their entirety.
DIVIDEND
POLICY
In the past, Revlon has not declared or paid cash dividends on
Revlon Class A Common Stock (or Revlon Class B Common
Stock) and Revlon does not intend to pay cash dividends on its
Revlon Class A Common Stock or Revlon Class B Common
Stock in the foreseeable future. The Company intends to retain
any future earnings for funding growth and meeting its
obligations.
9
Revlon is a holding company with no business operations of its
own. Revlons only material asset is all of the outstanding
capital stock of Products Corporation. Revlon is dependent on
the earnings and cash flow of, and dividends and distributions
from, Products Corporation to pay its expenses incidental to
being a public holding company. Products Corporation may not be
able to pay dividends or distribute funds to Revlon because, for
example, Products Corporation may not generate sufficient cash
flow or net income to do so or state laws may restrict or
prohibit Products Corporation from issuing dividends or making
distributions unless Products Corporation has sufficient surplus
or net profits, which Products Corporation may not have.
Further, the terms of Products Corporations bank credit
agreements, Products Corporations senior subordinated term
loan from MacAndrews & Forbes, and the indenture
governing Products Corporations
91/2% Senior
Notes due 2011 generally restrict Products Corporation from
paying dividends or making distributions to Revlon, except that
Products Corporation is permitted to pay dividends and make
distributions to Revlon to enable Revlon to make certain
payments and pay expenses incidental to being a public holding
company, including, among other things, professional fees such
as legal, accounting and insurance fees, regulatory fees, such
as SEC filing fees, NYSE listing fees and other expenses related
to being a public holding company and to make payments in
respect of certain state, local and federal taxes and, subject
to certain limitations, to pay dividends or make distributions
in certain circumstances to finance the purchase by Revlon of
its Class A Common Stock in connection with the delivery of
such Class A Common Stock to grantees under the Third
Amended and Restated Revlon, Inc. Stock Plan.
PLAN OF
DISTRIBUTION
We may sell the securities covered by this prospectus in one or
more of the following ways from time to time:
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to or through underwriters or dealers for resale to the
purchasers;
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directly to the purchasers;
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through agents or dealers to the purchasers; or
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through a combination of any of these methods of sale.
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Any offer and sale of the securities described in this
prospectus by us, any underwriters or other third parties
described above may be effected from time to time in one or more
transactions, including, without limitation, privately
negotiated transactions, either:
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at a fixed public offering price or prices, which may be changed;
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at market prices prevailing at the time of sale;
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at prices relating to prevailing market prices at the time of
sale; or
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at negotiated prices.
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Offerings of securities covered by this prospectus may also be
made into an existing trading market for such securities in
transactions at other than a fixed price, either:
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on or through the facilities of the NYSE or any other securities
exchange or quotation or trading service on which such
securities may be listed, quoted or traded at the time of sale;
and/or
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to or through a market maker otherwise than on the NYSE or such
other securities exchanges or quotation or trading services.
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Such at-the-market offerings, if any, will be conducted by
underwriters acting as our principal or agent, who may also be
third-party sellers of securities as described above.
In addition, we may sell some or all of the securities covered
by this prospectus through:
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purchases by a dealer, as principal, who may then resell those
securities to the public for its account at varying prices
determined by the dealer at the time of resale or at a fixed
price agreed to with us at the time of sale;
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block trades in which a dealer will attempt to sell as agent,
but may position or resell a portion of the block, as principal,
in order to facilitate the transaction; and/or
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ordinary brokerage transactions and transactions in which a
broker-dealer solicits purchasers.
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Any dealer may be deemed to be an underwriter, as that term is
defined in the Securities Act of 1933, as amended, or the
Securities Act, of the securities so offered and sold.
In connection with offerings made through underwriters or
agents, we may enter into agreements with such underwriters or
agents pursuant to which we receive our outstanding securities
in consideration for the securities being offered to the public
for cash. In connection with these arrangements, the
underwriters or agents may also sell securities covered by this
prospectus to hedge their positions in any such outstanding
securities, including in short sale transactions. If so, the
underwriters or agents may use the securities received from us
under these arrangements to close out any related open
borrowings of securities.
We may enter into derivative or other hedging transactions with
third parties, or sell securities not covered by this prospectus
to third parties in privately negotiated transactions. If the
applicable prospectus supplement indicates, in connection with
those derivatives, the third parties may sell securities covered
by this prospectus and the applicable prospectus supplement,
including in short sale transactions. If so, the third party may
use securities pledged by us or borrowed from us or others to
settle those sales or to close out any related open borrowings
of stock, and may use securities received from us in settlement
of those derivatives to close out any related open borrowings of
stock. The third party in such sale transactions will be an
underwriter and, if applicable, will be identified in the
applicable prospectus supplement (or a post-effective amendment).
We may loan or pledge securities to a financial institution or
other third party that in turn may sell the loaned securities
or, in any event of default in the case of a pledge, sell the
pledged securities using this prospectus and the applicable
prospectus supplement. Such financial institution or third party
may transfer its short position to investors in our securities
or in connection with a simultaneous offering of other
securities covered by this prospectus.
Any offers to purchase the securities covered by this prospectus
may be solicited, and any sales of the securities may be made,
by us of those securities directly to institutional investors or
others, who may be deemed to be underwriters within the meaning
of the Securities Act with respect to any resales of the
securities.
The securities may also be offered and sold, if so indicated in
a prospectus supplement, in connection with a remarketing upon
their purchase, in accordance with a redemption or repayment
pursuant to their terms, or otherwise, by one or more
remarketing firms, acting as principals for their own accounts
or as agents for us.
If indicated in the applicable prospectus supplement, we may
sell the securities through agents from time to time. We
generally expect that any agent will be acting on a best efforts
basis for the period of its appointment.
We may authorize underwriters, dealers or agents to solicit
offers by certain purchasers to purchase the securities from us
at the public offering price set forth in the applicable
prospectus supplement pursuant to delayed delivery contracts
providing for payment and delivery on a specified date in the
future. The delayed delivery contracts will be subject only to
those conditions set forth in the applicable prospectus
supplement.
If underwriters are used in any sale of any securities, the
securities may be either offered to the public through
underwriting syndicates represented by managing underwriters, or
directly by underwriters. Unless otherwise stated in a
prospectus supplement, the obligations of the underwriters to
purchase any securities will be conditioned on customary closing
conditions and the underwriters will be obligated to purchase
all of such series of securities, if any are purchased.
A prospectus supplement with respect to each offering of
securities will include, to the extent applicable:
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the terms of the offering;
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the name or names of any underwriters, dealers, remarketing
firms or agents and terms of agreement with such parties
including the compensation, fees or commissions received by and
the amount of securities underwritten, purchased or remarketed
by each of them, if any;
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the public offering price or purchase price of the securities
and an estimate of the net proceeds to be received by Revlon
from any such sale;
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any underwriting discounts or agency fees and other items
constituting underwriters or agents compensation;
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the anticipated delivery date of the securities, including any
delayed delivery arrangements, and any commissions we may pay
for solicitation of any such delayed delivery contracts;
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that the securities are being solicited and offered directly to
institutional investors or others;
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any discounts or concessions to be allowed or reallowed or to be
paid to agents or dealers; and
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any securities exchange on which the securities may be listed.
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Underwriters, dealers, agents and remarketing firms may at the
time of any offering of securities 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 which the
underwriters, dealers, agents and remarketing firms may be
required to make. Underwriters, dealers, agents and remarketing
agents may be customers of, engage in transactions with, or
perform services in the ordinary course of business for us
and/or our
affiliates.
Market-Making,
Stabilization and Other Transactions
Each offering of securities will be a new issue of securities
and will have no established trading market other than Revlon
Class A Common Stock, which is listed on the NYSE. We
intend that any Revlon Class A Common Stock sold pursuant
to this prospectus will be listed on the NYSE, upon official
notice of issuance. The securities, other than the Revlon
Class A Common Stock, may or may not be listed on a
national securities exchange or foreign securities exchange. No
assurance can be given as to the liquidity or activity of any
trading in the offered securities.
Any underwriters to whom securities covered by this prospectus
are sold by us for public offering and sale, if any, may make a
market in the securities, but such underwriters will not be
obligated to do so and may discontinue any market making at any
time without notice.
In connection with any offering of Revlon Class A Common
Stock, the underwriters, if any, may purchase and sell shares of
Revlon Class A Common Stock in the open market. These
transactions may include short sales, syndicate covering
transactions and stabilizing transactions. Short sales would
involve syndicate sales of Revlon Class A Common Stock in
excess of the number of shares to be purchased by the
underwriters, if any, in an offering, which creates a syndicate
short position. Covered short sales are sales of
shares of Revlon Class A Common Stock made in an amount up
to the number of shares represented by any such
underwriters over-allotment option in an offering. In
determining the source of shares to close out any covered
syndicate short position, the underwriters, if any, would
generally consider, among other things, the price of shares of
Revlon Class A Common Stock available for purchase in the
open market as compared to the price at which they may purchase
shares of Revlon Class A Common Stock through the
over-allotment option in an offering. Transactions to close out
any covered syndicate short would involve either purchases by
the underwriters, if any, of shares of Revlon Class A
Common Stock in the open market after any such
underwriters distribution has been completed in an
offering or the exercise of any such underwriters
over-allotment option in an offering. The underwriters, if any,
may also make naked short sales of shares of Revlon
Class A Common Stock in excess of the over-allotment option
in an offering. The underwriters, if any, must close out any
naked short position by purchasing shares of Revlon Class A
Common Stock in the open market. A naked short position is more
likely to be created if the underwriters, if any, are concerned
that there may be downward pressure on the price of the shares
of Revlon Class A Common Stock in the open market after the
pricing of a particular offering that could adversely affect
investors who purchase in the offering. Stabilizing transactions
would consist of bids for, or purchases of, shares of Revlon
Class A Common Stock in the open market while an offering
is in progress for the purpose of pegging, fixing or maintaining
the price of the securities.
In connection with any offering, the underwriters, if any, may
also engage in penalty bids. Penalty bids permit the
underwriters, if any, to reclaim a selling concession from a
syndicate member when the securities originally sold by the
syndicate member are purchased in a syndicate covering
transaction to cover any syndicate short positions.
12
Stabilizing transactions, syndicate covering transactions and
penalty bids, if any, may cause the price of the securities to
be higher than it would otherwise be in the absence of any such
transactions. The underwriters, if any, may, if they commence
these transactions, discontinue them at any time.
Fees and
Commissions
In compliance with the guidelines of the Financial Industry
Regulatory Authority, or FINRA, the aggregate maximum discount,
commission or agency fees or other items constituting
underwriting compensation to be received by any FINRA member or
independent broker-dealer will not exceed 8% of any offering
pursuant to this prospectus and any applicable prospectus
supplement; however, we anticipate that the maximum commission
or discount to be received in any particular offering of
securities will be significantly less than this amount.
If more than 10% of the net proceeds of any offering of
securities made under this prospectus will be received by FINRA
members participating in the offering or affiliates or
associated persons of such FINRA members, the offering will be
conducted in accordance with FINRA Conduct Rule 2710(h).
LEGAL
MATTERS
Unless otherwise specified in the applicable prospectus
supplement, the validity of the securities covered by this
prospectus will be passed upon for us by Skadden, Arps, Slate,
Meagher & Flom LLP. Skadden, Arps, Slate,
Meagher & Flom LLP has from time to time represented,
and may continue to represent, MacAndrews & Forbes and
certain of its affiliates (including Revlon) in connection with
certain legal matters. If legal matters in connection with
offerings made by this prospectus are passed on by counsel for
the underwriters, dealers or agents, if any, that counsel will
be named in the applicable prospectus supplement.
EXPERTS
The consolidated financial statements and the related financial
statement schedule of Revlon, Inc. and subsidiaries as of
December 31, 2007 and 2006, and for each of the years in
the three-year period ended December 31, 2007, and
managements assessment of the effectiveness of internal
control over financial reporting as of December 31, 2007
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.
The audit report covering the December 31, 2007
consolidated financial statements and schedule of Revlon
contains an explanatory paragraph that refers to the adoption of
FASB Interpretation No. 48, Accounting for
Uncertainty in Income Taxes as of January 1, 2007,
Statement of Financial Accounting Standards (SFAS)
No. 123(R), Share-Based Payment, as of
January 1, 2006, and SFAS No. 158,
Employers Accounting for Defined Benefit Pension and
Other Postretirement Plans An Amendment of FASB
Statement No. 87, 88, 106 and 132(R), as of
December 31, 2006 for the recognition and disclosure
provisions and as of January 1, 2007 for the measurement
date provisions, and as discussed in Note 19 B &
C of Revlons Current Report on
Form 8-K
filed with the SEC on November 5, 2008, the Company has
updated its financial statements to reflect the sale of the
Companys Brazilian subsidiary as discontinued operations
and Revlons
1-for-10
reverse stock split.
13
PART II
INFORMATION
NOT REQUIRED IN PROSPECTUS
|
|
Item 14.
|
Other
Expenses of Issuance and Distribution.
|
The following table sets forth the estimated expenses (all of
which will be borne by the registrant) that are being incurred
in connection with the filing of this registration statement and
would be incurred in connection with a single offering of
securities covered by this registration statement, other than
underwriting discounts and commissions (if any). All of the
amounts shown are estimates, except the SEC registration fees,
and such estimates do not limit the amount of securities that
could be offered under this registration statement in any single
offering.
|
|
|
|
|
SEC registration fees
|
|
$
|
3,310
|
|
NYSE listing fees
|
|
|
50,000
|
|
Trustee and agent fees and expenses
|
|
|
200,000
|
|
Printing and distributing
|
|
|
200,000
|
|
Legal fees and expenses
|
|
|
350,000
|
|
Accounting fees and expenses
|
|
|
50,000
|
|
Miscellaneous
|
|
|
146,690
|
|
Total
|
|
$
|
1,000,000
|
|
|
|
Item 15.
|
Indemnification
of Directors and Officers.
|
Indemnification
of Directors and Officers
Under Section 145 of the DGCL, a corporation may indemnify
any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the
corporation) by reason of the fact that he or she is or was a
director, officer, employee or agent of the corporation, or is
or was serving at the request of the corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses
(including attorneys fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by such
person in connection with such action, suit or proceeding
(i) if such person acted in good faith and in a manner that
such person reasonably believed to be in or not opposed to the
best interests of the corporation and (ii) with respect to
any criminal action or proceeding, if he or she had no
reasonable cause to believe such conduct was unlawful. In
actions brought by or in the right of the corporation, a
corporation may indemnify such person against expenses
(including attorneys fees) actually and reasonably
incurred by such person in connection with the defense or
settlement of such action or suit if such person acted in good
faith and in a manner that such person reasonably believed to be
in or not opposed to the best interests of the corporation,
except that no indemnification may be made in respect of any
claim, issue or matter as to which that person shall have been
adjudged to be liable to the corporation unless and only to the
extent that the Court of Chancery of the State of Delaware or
the court in which such action or suit was brought shall
determine upon application that, despite the adjudication of
liability but in view of all circumstances of the case, such
person is fairly and reasonably entitled to indemnification for
such expenses which the Court of Chancery or other such court
shall deem proper. To the extent that a present or former
director or officer of a corporation has been successful on the
merits or otherwise in defending any such action, suit or
proceeding referred to above or any claim, issue or matter
therein, he or she is entitled to indemnification for expenses
(including attorneys fees) actually and reasonably
incurred by such person in connection therewith. A corporation
may pay expenses (including attorneys fees) incurred by an
officer or director in defending any civil, criminal,
administrative or investigative action, suit or proceeding in
advance of the final disposition of such action, suit or
proceeding upon receipt of an undertaking by or on behalf of
such director or officer to repay such amount if it shall
ultimately be determined that such person is not entitled to be
indemnified by the corporation. Such expenses (including
attorneys fees) incurred by former directors and officers
or other employees and agents may be so paid upon such terms and
conditions, if any, as the corporation deems appropriate. The
indemnification and advancement of expenses provided for or
granted pursuant to Section 145 is not exclusive of any
other rights of indemnification or advancement of expenses to
which those
II-1
seeking indemnification or advancement of expenses may be
entitled, and a corporation may purchase and maintain insurance
against liabilities asserted against any former or current
director, officer, employee or agent of the corporation, or a
person who is or was serving at the request of the corporation
as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other
enterprise, whether or not the power to indemnify is provided by
the statute.
Article X of the by-laws of the registrant, a copy of which
is incorporated by reference as an exhibit to this Registration
Statement, provides for indemnification of the officers and
directors of the registrant to the fullest extent permitted by
applicable law.
Section 8 of Article X of the by-laws of the
registrant allows the registrant to maintain director and
officer liability insurance on behalf of any person who is or
was a director or officer of the registrant, or such person who
serves or served as a director, officer, employee or agent, of
another corporation, partnership or other enterprise at the
request of the registrant. The indemnification and advancement
of expenses shall, unless otherwise provided when authorized or
ratified, continue as to a person who has ceased to be a
director or officer and shall inure to the benefit of the heirs,
executors and administrators of such a person.
Section 11 of Article X of the by-laws of the
registrant provides that except for proceedings to enforce
rights to indemnification, the registrant shall not be obligated
to indemnify any director or officer of the registrant in
connection with a proceeding (or part thereof) initiated by such
person unless such proceeding (or part thereof) was authorized
or consented to by the board of directors of the registrant.
Pursuant to Section 102(b)(7) of the DGCL,
Article Fifth(4) of the registrants certificate of
incorporation, a copy of which is incorporated by reference as
an exhibit to this Registration Statement, provides that no
director of the registrant shall be personally liable to the
registrant or any of its stockholders for monetary damages for
breach of such directors fiduciary duty as a director,
except for liability (i) for any breach of the
directors duty of loyalty to the registrant or its
stockholders, (ii) for acts or omissions not in good faith
or that involve intentional misconduct or a knowing violation of
law, (iii) pursuant to Section 174 of the DGCL or
(iv) for any transaction from which the director derived an
improper personal benefit. Pursuant to Article Fifth(4) of the
registrants certificate of incorporation, any repeal or
modification of Article Fifth(4) by the stockholders of the
registrant shall not adversely affect any right or protection of
a director of the registrant existing at the time of such repeal
or modification with respect to acts or omissions occurring
prior to such repeal or modification.
The exhibits to this Registration Statement are listed on the
Exhibit Index on
page II-7
hereof, which is incorporated by reference in this Item 16.
(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 this 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; and
II-2
(iii) To include any material information with respect to
the plan of distribution not previously disclosed in the
registration statement or any material change to such
information in the registration statement;
provided, however, that paragraphs (1)(i), (1)(ii)
and (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 reports filed with or furnished to
the SEC by the registrant pursuant to Section 13 or
Section 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 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:
(i) Each prospectus filed by the registrant pursuant to
Rule 424(b)(3) shall be deemed to be part of this
registration statement as of the date the filed prospectus was
deemed part of and included in this registration
statement; and
(ii) 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
II-3
(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 registrants annual report
pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where appropriate, each
filing of an employee benefit plans annual report pursuant
to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in this 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) The undersigned registrant hereby undertakes to
supplement the prospectus, after the expiration of the
subscription period, if any, to set forth the results of the
subscription offer, the transactions by the underwriters during
the subscription period, the amount of unsubscribed securities
to be purchased by the underwriters, and the terms of any
subsequent reoffering thereof. If any public offering by the
underwriters is to be made on terms differing from those set
forth on the cover page of the prospectus, a post-effective
amendment will be filed to set forth the terms of such offering.
(d) Insofar as indemnification for liabilities arising
under the Securities Act 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 Securities Act and is,
therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than a 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 Securities Act and will be governed by the final
adjudication of such issue.
(e) The undersigned registrant hereby undertakes that:
(1) For purposes of determining liability under the
Securities Act of 1933, the information omitted from the form of
prospectus filed as part of this registration statement in
reliance upon Rule 430A and contained in a form of
prospectus filed by the registrant pursuant to
Rule 424(b)(1) or (4) or 497(h) under the Securities
Act shall be deemed to be part of this registration statement as
of the time it was declared effective.
(2) For the purpose of determining any liability under the
Securities Act of 1933, each post-effective amendment that
contains a form of prospectus 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-4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
Revlon, Inc. 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 to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of New York, State of New York on December 11, 2008.
REVLON,
INC.
(Registrant)
|
|
|
|
|
By: /s/ David
L. Kennedy
Name: David
L. Kennedy Title: President, Chief Executive Officer and
Director
|
|
By: /s/ Alan
T. Ennis
Name: Alan
T. Ennis
Title: Executive Vice President and Chief Financial
Officer
|
|
By: /s/ Edward
A. Mammone
Name: Edward
A. Mammone Title: Senior Vice President, Corporate
Controller and Chief Accounting Officer
|
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 December 11, 2008.
|
|
|
|
|
Signature
|
|
Title or Position
|
|
|
|
|
*
(Ronald O. Perelman)
|
|
Chairman of the Board and Director
|
|
|
|
*
(Barry F. Schwartz)
|
|
Director
|
|
|
|
/s/ David
L. Kennedy
(David
L. Kennedy)
|
|
President, Chief Executive Officer and Director
|
|
|
|
*
(Alan S. Bernikow)
|
|
Director
|
|
|
|
*
(Paul J. Bohan)
|
|
Director
|
|
|
|
*
(Meyer Feldberg)
|
|
Director
|
|
|
|
*
(Debra L. Lee)
|
|
Director
|
|
|
|
*
(Tamara Mellon)
|
|
Director
|
|
|
|
*
(Kathi P. Seifert)
|
|
Director
|
II-5
|
|
|
|
|
Signature
|
|
Title or Position
|
|
|
|
|
*
(Kenneth L. Wolfe)
|
|
Director
|
|
|
By: |
/s/
Robert K. Kretzman
|
Name: Robert K. Kretzman
|
|
|
* |
|
Robert K. Kretzman, by signing his name hereto, does hereby sign
this Registration Statement on behalf of the directors of the
registrant above whose names asterisks appear, pursuant to
powers of attorney duly executed by such directors and filed
with the SEC. |
II-6
EXHIBIT INDEX
|
|
|
|
|
Exhibit
|
|
|
Number
|
|
Description of Documents
|
|
|
1
|
.1**
|
|
Form of Underwriting Agreement.
|
|
3
|
.1
|
|
Restated Certificate of Incorporation of Revlon, Inc., dated
April 30, 2004 (incorporated by reference to
Exhibit 3.1 to Revlon, Inc.s Quarterly Report on
Form 10-Q
for the quarter ended March 31, 2004 filed with the SEC on
May 17, 2004).
|
|
3
|
.2
|
|
Certificate of Amendment to the Restated Certificate of
Incorporation of Revlon, Inc., dated as of September 15,
2008 (incorporated by reference to Exhibit 3.1 to Revlon,
Inc.s Current Report on
Form 8-K
filed with the SEC on September 16, 2008).
|
|
3
|
.3
|
|
Amended and Restated By-Laws of Revlon, Inc. dated as of
December 10, 2007 (incorporated by reference to
Exhibit 3.2 of Revlon, Inc.s Current Report on
Form 8-K
filed with the SEC on December 10, 2007).
|
|
4
|
.1
|
|
Credit Agreement, dated as of July 9, 2004, among Products
Corporation and certain local borrowing subsidiaries, as
borrowers, the lenders and issuing lenders party thereto,
Citicorp USA, Inc., as term loan administrative agent, Citicorp
USA, Inc. as multi-currency administrative agent, Citicorp USA,
Inc., as collateral agent, UBS Securities LLC, as syndication
agent, and Citigroup Global Markets Inc., as sole lead arranger
and sole bookrunner (the 2004 Credit Agreement)
(incorporated by reference to Exhibit 4.34 to Products
Corporations Current Report on
Form 8-K
filed with the SEC on July 13, 2004).
|
|
4
|
.2
|
|
First Amendment dated February 15, 2006 to the 2004 Credit
Agreement (incorporated by reference to Exhibit 10.2 to
Products Corporations Current Report on
Form 8-K
filed with the SEC on February 17, 2006).
|
|
4
|
.3
|
|
Second Amendment dated as of July 28, 2006 to the 2004
Credit Agreement (incorporated by reference to Exhibit 4.1
to Products Corporations Current Report on
Form 8-K
filed with the SEC on July 28, 2006).
|
|
4
|
.4
|
|
Third Amendment dated as of September 29, 2006 to the 2004
Credit Agreement (incorporated by reference to Exhibit 4.1
of Products Corporations Current Report on
Form 8-K
filed with the SEC on September 29, 2006).
|
|
4
|
.5
|
|
Fourth Amendment, dated as of December 20, 2006, to the
2004 Credit Agreement (incorporated by reference to
Exhibit 4.2 to Products Corporations Current Report
on
Form 8-K
filed with the SEC on December 21, 2006 (the Products
Corporation December 21, 2006
Form 8-K)).
|
|
4
|
.6
|
|
Amended and Restated Pledge and Security Agreement, dated as of
December 20, 2006 among Revlon, Inc., Products Corporation
and the additional grantors party thereto, in favor of Citicorp
USA, Inc., as collateral agent for the secured parties
(incorporated by reference to Exhibit 4.3 to the Products
Corporation December 21, 2006
Form 8-K).
|
|
4
|
.7
|
|
Amended and Restated Intercreditor and Collateral Agency
Agreement, dated as of December 20, 2006 among Citicorp
USA, Inc., as administrative agent for the multi-currency
lenders and issuing lenders, Citicorp USA, Inc., as
administrative agent for the term loan lenders, Citicorp USA,
Inc., as collateral agent for the secured parties, Revlon, Inc.,
Products Corporation and each other loan party (incorporated by
reference to Exhibit 4.4 to the Products Corporation
December 21, 2006
Form 8-K).
|
|
4
|
.8
|
|
Term Loan Agreement, dated as of December 20, 2006 among
Products Corporation, as borrower, the lenders party thereto,
Citicorp USA, Inc., as administrative agent and collateral
agent, JPMorgan Chase Bank, N.A., as syndication agent, and
Citigroup Global Capital Markets Inc., as sole lead arranger and
sole bookrunner (incorporated by reference to Exhibit 4.1
to the Products Corporation December 21, 2006
Form 8-K).
|
|
4
|
.9
|
|
Indenture, dated as of March 16, 2005, between Products
Corporation and U.S. Bank National Association, as trustee,
relating to Products Corporations
91/2% Senior
Notes due 2011 (incorporated by reference to Exhibit 4.12
to Products Corporations Annual Report on
Form 10-K/A
for the year ended December 31, 2004 filed with the SEC on
April 12, 2005).
|
|
4
|
.10*
|
|
Specimen Class A Common Stock Certificate.
|
|
4
|
.11**
|
|
Specimen Preferred Stock Certificate and Form of Certificate of
Designation relating to Preferred Stock.
|
|
4
|
.12**
|
|
Form of Warrant Agreement, including the Form of Warrant
Certificate.
|
|
4
|
.13**
|
|
Form of Subscription Rights Certificate.
|
|
|
|
|
|
Exhibit
|
|
|
Number
|
|
Description of Documents
|
|
|
4
|
.14**
|
|
Form of Purchase Contract Agreement setting forth Stock Purchase
Contracts and/or Stock Purchase Units.
|
|
4
|
.15
|
|
Form of Stock Purchase Unit (included in Exhibit 4.14).
|
|
5
|
.1*
|
|
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP.
|
|
23
|
.1*
|
|
Consent of KPMG LLP, Independent Registered Public Accounting
Firm.
|
|
23
|
.2*
|
|
Consent of Skadden, Arps, Slate, Meagher & Flom LLP
(included in Exhibit 5.1).
|
|
24
|
.1*
|
|
Power of Attorney of Ronald O. Perelman.
|
|
24
|
.2*
|
|
Power of Attorney of Barry F. Schwartz.
|
|
24
|
.3*
|
|
Power of Attorney of Alan S. Bernikow.
|
|
24
|
.4*
|
|
Power of Attorney of Paul J. Bohan.
|
|
24
|
.5*
|
|
Power of Attorney of Meyer Feldberg.
|
|
24
|
.6*
|
|
Power of Attorney of Debra L. Lee.
|
|
24
|
.7*
|
|
Power of Attorney of Tamara Mellon.
|
|
24
|
.8*
|
|
Power of Attorney of Kathi P. Seifert.
|
|
24
|
.9*
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|
Power of Attorney of Kenneth L. Wolfe.
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* |
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Filed herewith. |
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** |
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To be filed by amendment prior to the effectiveness of the
Registration Statement or incorporated by reference from
documents filed or to be filed with the SEC under the Securities
Exchange Act of 1934, as amended. |
EX-4.10
EX-5.1
Exhibit 5.1
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP
December 11, 2008
Revlon, Inc.
237 Park Avenue
New York, New York 10017
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Re: |
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Revlon, Inc.
Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have acted as special counsel to Revlon, Inc., a Delaware corporation (the Company), in
connection with the Registration Statement on Form S-3 (the Registration Statement), to be filed
on the date hereof by the Company with the Securities and Exchange Commission (the Commission)
under the Securities Act of 1933, as amended (the Act). The Registration Statement relates to the
issuance and sale from time to time by the Company, pursuant to Rule 415 of the General Rules and
Regulations promulgated under the Act, of the following securities of the Company with an aggregate
public offering price of up to $250,000,000: (i) shares of Class A common stock, $0.01 par value
per share, of the Company (the Revlon Class A Common Stock); (ii) shares of preferred stock,
$0.01 par value per share, of the Company (the Preferred Stock), to be issued in one or more
series; (iii) warrants (the Warrants) to purchase Revlon Class A Common Stock, Preferred Stock or
other securities of the Company as shall be designated by the Company at the time of any offering
of Warrants and issued pursuant to one or more warrant agreements (each a Warrant Agreement) that
would be entered into between the Company and a warrant agent or agents to be named (each a
Warrant Agent); (iv) subscription rights (the Subscription Rights) to purchase Revlon Class A
Common Stock or Preferred Stock which may be issued under one or more subscription rights
certificate(s) (each a Subscription Rights Certificate) and/or pursuant to one or more
subscription rights agreement(s) (each a Subscription Rights Agreement) that would be entered
into between the Company and a subscription agent or agents (each a Subscription Agent); (v)
stock purchase contracts of the Company (the Stock Purchase Contracts) entitling or obligating
the holders thereof to purchase from or sell to the Company and the Company to sell to or purchase
from such holders, Revlon Class A Common Stock or Preferred Stock at a future date or dates, which
may be issued under one or more purchase contract agreement(s) (each a Purchase Contract
Agreement) that would be entered into by the Company and a purchase contract agent or agents to be
named in the applicable Purchase Contract Agreement (each, a
Stock Purchase Contract Agent); (vi) stock purchase units of the Company (the Stock Purchase
Units) each representing ownership of a Stock Purchase Contract and a Warrant; and (vii) such
indeterminate amount and number of each class or series of the foregoing securities as may be
issued upon due conversion, exchange or exercise of any Warrants, Preferred Stock or Subscription
Rights or pursuant to any Stock Purchase Contract or Stock Purchase Unit including such shares of
Revlon Class A Common Stock or Preferred Stock as may be issued pursuant to anti-dilution
adjustments, in amounts, at prices and on terms to be determined at the time of offering (the
Indeterminate Securities). The Revlon Class A Common Stock, the Preferred Stock, the Warrants,
the Subscription Rights, the Stock Purchase Contracts, the Stock Purchase Units and the
Indeterminate Securities are collectively referred to herein as the Offered Securities.
This opinion is being delivered in accordance with the requirements of Item 601(b)(5) of
Regulation S-K under the Act.
In connection with this opinion, we have examined originals or copies, certified or otherwise
identified to our satisfaction, of:
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(a) |
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the Registration Statement relating to the Offered Securities; |
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(b) |
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the Restated Certificate of Incorporation of the Company, as amended to date
and as certified by the Secretary of State of the State of Delaware (the Certificate
of Incorporation); |
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(c) |
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the Amended and Restated Bylaws of the Company, as amended to date and as
certified by Robert K. Kretzman, Secretary of the Company (the Bylaws); |
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(d) |
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an action by unanimous written consent of the Board of Directors of the Company
(the Revlon Board of Directors) dated December 11, 2008, relating to the registration
of the Offered Securities and related matters; and |
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(e) |
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a specimen certificate evidencing the Revlon Class A Common Stock in the form
of Exhibit 4.10 to the Registration Statement. |
We have also examined originals or copies, certified or otherwise identified to our
satisfaction, of such records of the Company, and such agreements, certificates of public
officials, certificates of officers or other representatives of the Company and others, and such
other documents, certificates and records as we have deemed necessary or appropriate as a basis for
the opinions set forth below.
In our examination, we have assumed the legal capacity of all natural persons, the genuineness
of all signatures, the authenticity of all documents submitted to us as originals, the conformity
to original documents of all documents submitted to us as electronic or facsimile, certified or
photostatic copies, and the authenticity of the originals of such copies. As to any facts material
to the opinions expressed herein that we did not independently establish or verify,
we have relied upon statements and representations of officers and other representatives of the
Company and others and of public officials. In making our examination of executed documents or
documents to be executed, we have assumed that the parties thereto, other than the Company, had or
will have the power, corporate or other, to enter into and perform all obligations thereunder and
have also assumed the due authorization by all requisite action, corporate or other, and the
execution and delivery by such parties of such documents, and the validity and binding effect
thereof on such parties. We have assumed that each of the Warrant Agreements, Subscription Rights
Agreements, Purchase Contract Agreements and Stock Purchase Units will be duly authorized, executed
and delivered by the Warrant Agents, Subscription Agents or Stock Purchase Contract Agents, as the
case may be, and that any Warrants, Subscription Rights, Stock Purchase Contracts or Stock Purchase
Units that may be issued will be manually signed or countersigned, as the case may be, by duly
authorized officers of the Warrant Agents, the Subscription Agents or the Purchase Contract Agents,
as the case may be. We have also assumed that the terms of the Offered Securities will have been
established so as not to, and that the execution and delivery by the Company of, and the
performance of its obligations under, the Offered Securities, will not, violate, conflict with or
constitute a default under (i) any agreement or instrument to which the Company is subject, (ii)
any law, rule or regulation to which the Company subject, (iii) any judicial or regulatory order or
decree of any governmental authority or (iv) any consent, approval, license, authorization or
validation of, or filing, recording or registration with any governmental authority.
We do no express any opinion as to any laws other than the Delaware General Corporation Law
(the DGCL) and those laws, rules and regulations of the State of New York that, in our
experience, are normally applicable to transactions of the type contemplated by the Registration
Statement and to the extent that judicial or regulatory orders or decrees or consents, approvals,
licenses, authorizations, validations, filings, recordings or registrations with governmental
authorities are relevant, to those required under such laws (all of the foregoing being referred to
as Opined on Law). We do not express any opinion with respect to the law of any jurisdiction
other than Opined on Law or as to the effect of any such non-Opined on Law on the opinions herein
stated. The Offered Securities may be issued from time to time on a delayed or continuous basis,
and this opinion is limited to the laws, including the rules and regulations, as in effect on the
date hereof, which laws are subject to change with possible retroactive effect.
Based upon and subject to the foregoing and to the other qualifications and limitations set
forth herein, we are of the opinion that:
1. |
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With respect to any shares of Revlon Class A Common Stock to be offered by the Company
pursuant to the Registration statement, including any Indeterminate Securities constituting
Revlon Class A Common Stock (the Offered Revlon Class A Common Stock), when (i) the
Registration Statement, as finally amended (including all necessary post-effective
amendments), has become effective under the Act; (ii) an appropriate prospectus supplement
with respect to the Offered Revlon Class A Common Stock has been prepared, delivered and filed
in compliance with the Act and the applicable rules and regulations thereunder; (iii) if the
Offered Revlon Class A Common Stock is to be |
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sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect
to the Offered Revlon Class A Common Stock has been duly authorized, executed and delivered by the
Company and the other parties thereto; (iv) the Revlon Board of Directors, including any
appropriate committee appointed thereby, and appropriate officers of the Company have taken all
necessary corporate action to approve the issuance of the Offered Revlon Class A Common Stock, the
consideration to be received therefor and related matters; (v) the terms of the issuance and sale
of the Offered Revlon Class A Common Stock have been duly established in conformity with the
Certificate of Incorporation and the Bylaws so as not to violate any applicable law, the
Certificate of Incorporation or the Bylaws or result in a default under or breach of any agreement
or instrument binding upon the Company and so as to comply with any requirement or restriction
imposed by any court or governmental body having jurisdiction over the Company; and (vi)
certificates in the form required under the DGCL representing the shares of Offered Revlon Class A
Common Stock, if any, are duly executed, countersigned, registered and delivered upon payment of
the agreed upon consideration therefor, the shares of Offered Revlon Class A Common Stock
(including any Revlon Class A Common Stock duly issued upon due conversion, exchange or exercise of
any Preferred Stock, Warrants or Subscription Rights or pursuant to any Stock Purchase Contract or
Stock Purchase Unit), when issued and sold in accordance with the applicable underwriting agreement
or any other duly authorized, executed and delivered valid and binding purchase or agency
agreement, or upon due conversion, exercise or exchange of any Preferred Stock, Warrants or
Subscription Rights or pursuant to any Stock Purchase Contracts or Stock Purchase Units, as the
case may be, will be duly authorized, validly issued, fully paid and nonassessable, provided that
the consideration therefor is not less than $0.01 per share of Revlon Class A Common Stock. |
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With respect to the shares of any series of Preferred Stock to be offered by the Company
pursuant to the Registration Statement, including any Indeterminate Securities constituting
Preferred Stock of such series (the Offered Preferred Stock), when (i) the Registration
Statement, as finally amended (including all necessary post-effective amendments), has become
effective under the Act; (ii) an appropriate prospectus supplement with respect to the shares
of the Offered Preferred Stock has been prepared, delivered and filed in compliance with the
Act and the applicable rules and regulations thereunder; (iii) if the Offered Preferred Stock
is to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement
with respect to the shares of the Offered Preferred Stock has been duly authorized, executed
and delivered by the Company and the other parties thereto; (iv) the Revlon Board of
Directors, including any appropriate committee appointed thereby, and appropriate officers of
the Company have taken all necessary corporate action to approve the
issuance and terms of the shares of the Offered Preferred Stock, the
consideration to be received therefor and related matters, including
the adoption of a Certificate of Designations for the Offered Preferred
Stock (the Certificate of Designations) in accordance with the applicable provisions of the
DGCL; (v) the filing of the Certificate of Designations with the Secretary of State of the
State of Delaware has duly occurred; (vi) the terms of the Offered Preferred Stock and of |
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their issuance and sale have been duly established in conformity with the Certificate of
Incorporation, including the Certificate of Designations relating to the Offered Preferred Stock,
and the Bylaws of the Company so as not to violate any applicable law, the Certificate of
Incorporation or the Bylaws or result in a default under or breach of any agreement or instrument
binding upon the Company and so as to comply with any requirement or restriction imposed by any
court or governmental body having jurisdiction over the Company; and (vii) certificates in the form
required under the DGCL representing the shares of the Offered Preferred Stock, if any, are duly
executed, countersigned, registered and delivered upon payment of the agreed upon consideration
therefor, the shares of the Offered Preferred Stock (including any Preferred Stock duly issued upon
due conversion, exchange or exercise of any Preferred Stock, Warrants or Subscription Rights or
pursuant to any Stock Purchase Contracts or Stock Purchase Units), when issued or sold in
accordance with the applicable underwriting agreement or any other duly authorized, executed and
delivered valid and binding purchase or agency agreement, or upon due conversion, exercise or
exchange of any Preferred Stock, Warrants or Subscription Rights or pursuant to any Stock Purchase
Contracts or Stock Purchase Units, as the case may be, will be duly authorized, validly issued,
fully paid and nonassessable, provided that the consideration therefor is not less than $0.01 per
share of Preferred Stock. |
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With respect to any Warrants to be offered by the Company pursuant to the Registration
Statement, including any Indeterminate Securities constituting Warrants of such series (the
Offered Warrants), when (i) the Registration Statement, as finally amended (including all
necessary post-effective amendments), has become effective under the Act; (ii) an appropriate
prospectus supplement with respect to the Offered Warrants has been prepared, delivered and
filed in compliance with the Act and the applicable rules and regulations thereunder; (iii) if
the Offered Warrants are to be sold pursuant to a firm commitment underwritten offering, the
underwriting agreement with respect to the Offered Warrants has been duly authorized, executed
and delivered by the Company and the other parties thereto; (iv) the Revlon Board of
Directors, including any appropriate committee appointed thereby, and appropriate officers of
the Company have taken all necessary corporate action to approve the issuance and terms of the
Offered Warrants, the Warrant Agreement and related matters; (v) the terms of the Offered
Warrants and of their issuance and sale have been duly established in conformity with the
applicable Warrant Agreement so as not to violate any applicable law, the Certificate of
Incorporation or the Bylaws or result in a default under or breach of any agreement or
instrument binding upon the Company and so as to comply with any requirement or restriction
imposed by any court or governmental body having jurisdiction over the Company and the
applicable Warrant Agent; (vi) the Common Stock or the Preferred Stock relating to such
Offered Warrants have been duly issued and paid for in the manner contemplated in the
Registration Statement and any prospectus supplement relating thereto; and (vii) the Offered
Warrants have been duly executed, delivered, countersigned, issued and sold in accordance with
the provisions of the applicable Warrant Agreement in the applicable form to be filed on a
Current Report on Form 8-K |
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in the manner contemplated in the Registration Statement or any prospectus supplement relating
thereto, the Offered Warrants (including any Warrants duly issued upon due conversion, exchange or
exercise of any Preferred Stock or Warrants), when issued and sold in accordance with the
applicable Warrant Agreement and the applicable purchase agreement or any other duly authorized,
executed and delivered valid and binding purchase or agency agreement, or upon due conversion,
exercise or exchange of any Preferred Stock or Warrants, as the case may be, will be valid and
binding obligations of the Company, enforceable against the Company in accordance with their
respective terms, except to the extent that enforcement thereof may be limited by (a) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors rights generally; and (b) general principles of equity
(regardless of whether enforceability is considered in a proceeding at law or in equity). |
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With respect to any Subscription Rights to be offered by the Company pursuant to the
Registration Statement, including any Indeterminate Securities constituting Subscription
Rights (the Offered Subscription Rights), when (i) the Registration Statement, as finally
amended (including all necessary post-effective amendments), has become effective under the
Act; (ii) an appropriate prospectus supplement with respect to the Offered Subscription Rights
has been prepared, delivered and filed in compliance with the Act and the applicable rules and
regulations thereunder; (iii) if the Offered Subscription Rights are to be sold or otherwise
distributed pursuant to a firm commitment underwritten offering, the underwriting agreement
with respect to the Offered Subscription Rights has been duly authorized, executed and
delivered by the Company and the other parties thereto; (iv) the Revlon Board of Directors,
including any appropriate committee appointed thereby, and appropriate officers of the Company
have taken all necessary corporate action to approve the issuance and terms of the Offered
Subscription Rights, the Subscription Rights Agreement and related matters, including setting
forth the terms of the Subscription Rights in a Subscription Rights Certificate; (v) the terms
of the Offered Subscription Rights and of their issuance and sale have been duly established
in conformity with the applicable Subscription Rights Agreement, Subscription Rights
Certificate, the Certificate of Incorporation and the Bylaws of the Company so as not to
violate any applicable law, the Certificate of Incorporation or the Bylaws or result in a
default under or breach of any agreement or instrument binding upon the Company and so as to
comply with any requirement or restriction imposed by any court or governmental body having
jurisdiction over the Company and the applicable Subscription Agent; (vi) the Common Stock or
the Preferred Stock relating to such Offered Subscription Rights have been duly authorized for
issuance; and (vii) the Offered Subscription Rights have been duly executed, delivered and
countersigned, issued and sold or otherwise distributed in accordance with the provisions of
the applicable Subscription Rights Agreement and Subscription Rights Certificate to be filed
on a Current Report on Form 8-K in the manner contemplated in the Registration Statement, the
Offered Subscription Rights (including any Subscription Rights duly issued upon due
conversion, exchange or exercise of any Preferred Stock or Warrants), when issued and |
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sold or otherwise distributed in accordance with the applicable Subscription Rights Agreement, the
Subscription Rights Certificate and the applicable purchase agreement or any other duly authorized,
executed and delivered valid and binding purchase or agency agreement, or upon due conversion,
exercise or exchange of any Preferred Stock or Warrants, as the case may be, will be valid and
binding obligations of the Company, enforceable against the Company in accordance with their
respective terms, except to the extent that enforcement thereof may be limited by (a) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors rights generally; and (b) general principles of equity
(regardless of whether enforceability is considered in a proceeding at law or in equity). |
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With respect to any Stock Purchase Contracts to be offered by the Company pursuant to the
Registration Statement, including any Indeterminate Securities constituting Stock Purchase
Contracts (the Offered Stock Purchase Contracts), when (i) the Registration Statement, as
finally amended (including all necessary post-effective amendments), has become effective
under the Act; (ii) an appropriate prospectus supplement with respect to the Offered Stock
Purchase Contracts has been prepared, delivered and filed in compliance with the Act and the
applicable rules and regulations thereunder; (iii) if the Offered Stock Purchase Contracts are
to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement
with respect to the Offered Stock Purchase Contracts has been duly authorized, executed and
delivered by the Company and the other parties thereto; (iv) the Revlon Board of Directors,
including any appropriate committee appointed thereby, and appropriate officers of the Company
have taken all necessary corporate action to approve the issuance and terms of the Offered
Stock Purchase Contracts and related matters; (v) the terms of the Offered Stock Purchase
Contracts and of their issuance and sale have been duly established in conformity with the
applicable Purchase Contract Agreement so as not to violate any applicable law, the
Certificate of Incorporation or the Bylaws or result in a default under or breach of any
agreement or instrument binding upon the Company and so as to comply with any requirement or
restriction imposed by any court or governmental body having jurisdiction over the Company and
the applicable Stock Purchase Contract Agent; (vi) the Common Stock or the Preferred Stock
relating to such Offered Stock Purchase Contracts have been duly authorized for issuance; and
(vii) the Offered Stock Purchase Contracts have been duly executed, delivered, countersigned,
issued and sold in accordance with the provisions of the applicable Purchase Contract
Agreement in the applicable form to be filed on a Current Report on Form 8-K in the manner
contemplated in the Registration Statement or any prospectus supplement relating thereto, the
Offered Stock Purchase Contracts (including any Stock Purchase Contracts duly issued upon due
conversion, exchange or exercise of any Preferred Stock or Warrants), when issued and sold in
accordance with the applicable Purchase Contract Agreement and the applicable underwriting
agreement or any other duly authorized, executed and delivered valid and binding purchase or
agency agreement, or upon due conversion, exercise or exchange of any Preferred Stock or
Warrants, as the case may be, will be valid and binding obligations of the Company,
enforceable against the Company in accordance with their |
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respective terms, except to the extent that enforcement thereof may be limited by (a) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors rights generally; and (b) general principles of equity
(regardless of whether enforceability is considered in a proceeding at law or in equity). |
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With respect to any Stock Purchase Units to be offered by the Company pursuant to the
Registration Statement, including any Indeterminate Securities constituting Stock Purchase
Units (the Offered Stock Purchase Units), when (i) the Registration Statement, as finally
amended (including all necessary post-effective amendments), has become effective under the
Act; (ii) an appropriate prospectus supplement with respect to the Offered Stock Purchase
Units has been prepared, delivered and filed in compliance with the Act and the applicable
rules and regulations thereunder; (iii) if the Offered Stock Purchase Units are to be sold
pursuant to a firm commitment underwritten offering, the underwriting agreement with respect
to the Offered Stock Purchase Units has been duly authorized, executed and delivered by the
Company and the other parties thereto; (iv) the Revlon Board of Directors, including any
appropriate committee appointed thereby, and appropriate officers of the Company have taken
all necessary corporate action to approve the issuance and terms of the Offered Stock Purchase
Units and related matters; (v) the terms of the Offered Stock Purchase Units and the related
Offered Stock Purchase Contracts and of their issuance and sale have been duly established in
conformity with the applicable Purchase Contract Agreement of which the Offered Stock Purchase
Units are a component so as not to violate any applicable law, the Certificate of
Incorporation or the Bylaws or result in a default under or breach of any agreement or
instrument binding upon the Company and so as to comply with any requirement or restriction
imposed by any court or governmental body having jurisdiction over the Company and the
applicable Stock Purchase Contract Agent; (vi) the Warrants of the Company relating to such
Offered Stock Purchase Units have been duly issued and paid for in the manner contemplated in
the Registration Statement and any prospectus supplement relating thereto; and (vii) the
Offered Stock Purchase Units have been duly executed, delivered, countersigned, issued and
sold in accordance with the provisions of the applicable Purchase Contract Agreement in the
applicable form to be filed on a Current Report on Form 8-K in the manner contemplated in the
Registration Statement or any prospectus supplement relating thereto, the Offered Stock
Purchase Units (including any Stock Purchase Units duly issued upon due conversion, exchange
or exercise of any Preferred Stock or Warrants), when issued and sold in accordance with the
applicable Purchase Contract Agreement and the applicable purchase agreement or any other duly
authorized, executed and delivered valid and binding purchase or agency agreement, or upon due
conversion, exercise or exchange of any Preferred Stock or Warrants, as the case may be, will
be valid and binding obligations of the Company, enforceable against the Company in accordance
with their respective terms, except to the extent that enforcement thereof may be limited by
(a) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar
laws now or hereafter in effect relating to creditors rights |
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generally; and (b) general principles of equity (regardless of whether enforceability is considered
in a proceeding at law or in equity). |
We hereby consent to the filing of this opinion with the Commission as an exhibit to the
Registration Statement. We also hereby consent to the use of our name under the heading Legal
Matters in the prospectus which forms a part of the Registration Statement. In giving this
consent, we do not thereby admit that we are within the category of persons whose consent is
required under Section 7 of the Act or the rules and regulations of the Commission promulgated
thereunder. This opinion is expressed as of the date hereof unless otherwise expressly stated, and
we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed
herein or of any subsequent changes in applicable laws.
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Very truly yours,
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/s/ Skadden, Arps, Slate, Meagher & Flom LLP |
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EX-23.1
Exhibit 23.1
Consent
of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Revlon, Inc.:
We consent to the incorporation by reference in the registration
statement on
Form S-3
(No. 333- )
of Revlon, Inc. of our report dated March 5, 2008, except
for Note 19 B & C which is as of November 5,
2008, with respect to the consolidated balance sheets of Revlon,
Inc. and subsidiaries as of December 31, 2007 and 2006, and
the related consolidated statements of operations,
stockholders deficiency and comprehensive (loss) income
and cash flows for each of the years in the three-year period
ended December 31, 2007 and the related financial statement
schedule, which report appears in Revlon, Inc.s Current
Report on
Form 8-K
filed with the SEC on November 5, 2008 (the November
2008
Form 8-K)
and our report dated March 5, 2008 with respect to the
effectiveness of internal control over financial reporting as of
December 31, 2007, which report appears in the
December 31, 2007 annual report on
Form 10-K
of Revlon, Inc. and to the reference to our firm under the
heading Experts in the prospectus.
Our report dated March 5, 2008, except for Note 19
B & C which is as of November 5, 2008, on the
consolidated financial statements and the related financial
statement schedule contains an explanatory paragraph that refers
to the adoption of FASB Interpretation No. 48,
Accounting for Uncertainty in Income Taxes as of
January 1, 2007, Statement of Financial Accounting
Standards (SFAS) No. 123(R), Share-Based
Payment, as of January 1, 2006, and
SFAS No. 158, Employers Accounting for
Defined Benefit Pension and Other Post-retirement
Plans An Amendment of FASB Statements No. 87,
88, 106 and 132(R), as of December 31, 2006 for the
recognition and disclosure provisions and as of January 1,
2007 for the measurement date provisions, and as discussed in
Note 19 B & C in the November 2008
Form 8-K,
the Company has updated its financial statements in the November
2008
Form 8-K
to reflect the sale of the Companys Brazilian subsidiary
as discontinued operations and Revlon, Inc.s
1-for-10
reverse stock split.
New York, New York
December 11, 2008
EX-24.1
Exhibit 24.1
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Ronald O. Perelman
EX-24.2
Exhibit 24.2
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Barry F. Schwartz
EX-24.3
Exhibit 24.3
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Alan S. Bernikow
EX-24.4
Exhibit 24.4
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Paul J. Bohan
EX-24.5
Exhibit 24.5
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Meyer Feldberg
EX-24.6
Exhibit 24.6
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, her true and lawful attorney-in-fact and agent, with full
power of substitution, for her and in her name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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 she might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Debra L. Lee
EX-24.7
Exhibit 24.7
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, her true and lawful attorney-in-fact and agent, with full
power of substitution, for her and in her name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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 she might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Tamara Mellon
EX-24.8
Exhibit 24.8
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, her true and lawful attorney-in-fact and agent, with full
power of substitution, for her and in her name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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 she might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Kathi P. Seifert
EX-24.9
Exhibit 24.9
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby
constitutes and appoints each of Robert K. Kretzman, Michael T.
Sheehan and Marc R. Esterman, or any one of them, each acting
alone, his true and lawful attorney-in-fact and agent, with full
power of substitution, for him and in his name, place and stead,
in any and all capacities, in connection with the Registration
Statement on
Form S-3
(the Registration Statement) of Revlon, Inc. (the
Company), under the Securities Act of 1933, as
amended (the Securities Act), including, without
limiting the generality of the foregoing, to sign the
Registration Statement in the name and on behalf of the Company
or on behalf of the undersigned as a director or officer of the
Company, to sign any amendments and supplements relating thereto
(including post-effective amendments) under the Securities Act
and to sign any instrument, contract, document or other writing
of or in connection with the Registration Statement and any
amendments and supplements thereto (including post-effective
amendments) and to file the same, with all exhibits thereto, and
other documents in connection therewith, including this power of
attorney, with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory
body, granting unto said attorneys-in-fact and agents, each
acting alone, the 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, each
acting alone, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
IN WITNESS HEREOF, the undersigned has signed these presents
this
11th day
of December, 2008.
Kenneth L. Wolfe