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Section 1: S-8 (S-8)

 

As Filed with the Securities and Exchange Commission on October 31, 2008

Registration No. 333-              

 

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-8

Registration Statement Under
The Securities Act of 1933


 

TCF FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

41-1591444

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

200 Lake Street East, Mail Code EX0-03-A, Wayzata, MN 55391-1693

(Address of Principal Executive Offices, including Zip Code)


TCF Employees Stock Purchase Plan and

 

TCF Employees Stock Purchase Plan — Supplemental Plan

(Full Title of  the Plans)


Gregory J. Pulles

Vice Chairman, General Counsel and Secretary

TCF Financial Corporation

200 Lake Street East, MAILCODE EX0-03-A

Wayzata, MN 55391-1693

(952) 475-7910

(Name, address and telephone number of agent for service)

 

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.

 

Large accelerated filer         x

 

Accelerated filer   o

 

 

 

Non-accelerated filer           o

 

Smaller reporting company o

 

(Do not check if a smaller reporting company)

 

Calculation Of Registration Fee

 

 

 

 

 

 

 

 

 

 

Title of securities
to be registered

 

Amount to be
registered

 

Proposed maximum
offering price
per share

 

Proposed maximum
aggregate
offering price

 

Amount of
registration
fee

 

 

 

 

 

 

 

 

 

Common stock,
$.01 par value(1)

 

3,000,000 shares(2)

 

$15.69(3)

 

$47,070,000(3)

 

$1,849.85

 

 

 

 

 

 

 

 

 

(1)          Includes Preferred Share Purchase Rights to purchase Series A Junior Participating Preferred Stock that currently are not separable from the common stock and are not exercisable.

(2)          Pursuant to Rule 416 under the Securities Act of 1933 this statement also covers any additional securities that may be issued as a result of stock splits, stock dividends or similar transactions. In addition, pursuant to Rule 416(c) this statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan(s) described herein.

(3)          Pursuant to Rule 457(c), the per share price is based upon the average of the high and low prices for such TCF common stock, par value $.01, reported on the New York Stock Exchange on October 27, 2008.

 

This registration statement shall become effective immediately upon filing with the Securities and Exchange Commission in accordance with Section 8(a) of the Securities Act of 1933 and Rule 462 thereunder.

 

 

 


 

EXPLANATORY NOTE

 

The TCF Employees Stock Purchase Plan — Supplemental Plan referred to in this registration statement is the successor plan to the Supplemental Employees Retirement Plan referred to in the registration statements that are identified below and incorporated herein by reference.  A copy of the TCF Employees Stock Purchase Plan—Supplemental Plan (a/k/a the “2005 ESPP SERP”) was originally filed in a Form 8-K with the Securities and Exchange Commission on January 27, 2005.  This Plan was amended and approved by shareholders in 2006, amended and renamed to the current name and filed in a Form 8-K on April 13, 2006, and amended and restated and filed in a Form 8-K on October 24, 2008.

 

STATEMENT OF INCORPORATION

 

This statement relates to registration of additional securities of the same class for which a registration statement filed on Form S-8 relating to the Plans is effective.  Accordingly, pursuant to Instruction E, the contents of the following registration statements are hereby incorporated by reference:  Registration No. 333-146741 filed on October 16, 2007, Registration No. 333-113748 filed on March 19, 2004, Registration No. 333-72394 filed on October 29, 2001, Registration No. 33-57633, filed on February 8, 1995, Registration No. 33-43030 filed on September 30, 1991 and Registration No. 33-14203 filed on November 27, 1987.

 

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 5. Interests of Named Experts and Counsel.

 

The General Counsel of the Company, who has passed upon the legality of the securities offered hereby, is eligible for participation in both of the plans.

 

Item 8. Exhibits

 

EXHIBITS

 

Exhibit
Number

 

Description

 

 

 

 

 

5

 

Opinion and Consent of Gregory J. Pulles, Vice Chairman, General Counsel and Secretary of TCF Financial Corporation as to the legality of TCF Common Stock

 

 

 

 

 

23

 

Consent of KPMG LLP

 

 

 

 

 

24

 

Power of Attorney

 

 

The TCF Employees Stock Purchase Plan has received a favorable determination letter from the Internal Revenue Service (“IRS”) on its qualified plan status under Internal Revenue Code section 401(a).  TCF Financial Corporation will submit or has submitted the TCF Employees Stock Purchase Plan and any amendment thereto to the IRS in a timely manner and has made or will make all changes required by the IRS in order for it to continue to qualify.

 

 


 

SIGNATURES

 

The Registrant. Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wayzata, State of Minnesota on October 31, 2008.

 

 

TCF FINANCIAL CORPORATION

 

 

 

 

 

 

 

 

/s/ William A. Cooper

 

By:

William A. Cooper

 

 

Chairman and Chief Executive Officer (Principal Executive Officer)

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

 

 

 

 

/s/ Thomas F. Jasper

 

By:

Thomas F. Jasper

 

 

Executive Vice President and Chief Financial Officer(Principal Financial Officer)

 

 

 

 

/s/ David M. Stautz

 

By:

David M. Stautz

 

 

Senior Vice President, Controller and Assistant Treasurer (Principal Accounting Officer)  

 

 

William A. Cooper, Chairman and Chief Executive Officer*

 

Luella G. Goldberg, Director*

 

 

 

 

 

 

Gregory J. Pulles, Vice Chairman, General Counsel, Secretary and Director*

 

George G. Johnson, Director*

 

 

 

 

 

 

Barry N. Winslow, Vice Chairman and Director*

 

Peter L. Scherer, Director*

 

 

 

 

 

 

William F. Bieber, Director*

 

Gerald A. Schwalbach, Director*

 

 

 

 

 

 

Theodore Bigos, Director*

 

Douglas A. Scovanner, Director*

 

 

 

 

 

 

Rodney P. Burwell, Director*

 

Ralph Strangis, Director*

 

 

 

 

 

 

Thomas A. Cusick, Director*

 

 

 

 

 

 

 

 

*By

/s/ Gregory J. Pulles

 

 

Gregory J. Pulles, Attorney-in-fact pursuant to Power of Attorney attached as Exhibit 24.

 

Date: October 31, 2008

 

 

 


 

Pursuant to the requirements of the Securities Act of 1933, the Company (which administers the plan) has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wayzata, State of Minnesota on the 31st day of October, 2008.

 

 

TCF Employees Stock Purchase Plan,

TCF Financial Corporation as Plan Administrator

 

 

 

 

 

 

 

 

/s/ Barbara E. Shaw

 

By:

Barbara E. Shaw,

 

 

Senior Vice President

 

 

Pursuant to the requirements of the Securities Act of 1933, the Company (which administers the plan) has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wayzata, State of Minnesota on the 31st day of October, 2008.

 

 

TCF Employees Stock Purchase Plan — Supplemental Plan, TCF Financial Corporation as Plan Administrator

 

 

 

 

 

 

 

 

/s/ Barbara E. Shaw

 

By:

Barbara E. Shaw,

 

 

Senior Vice President

 

 


 

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

INDEX TO EXHIBITS
FOR FORM S-8

 

Exhibit
Number

 

Description

 

 

 

 

 

5

 

Opinion and Consent of Gregory J. Pulles, Vice Chairman, General Counsel and Secretary of TCF Financial Corporation as to the legality of TCF Common Stock

 

 

 

 

 

23

 

Consent of KPMG LLP

 

 

 

 

 

24

 

Power of Attorney

 

 

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Section 2: EX-5 (EX-5)

 

Exhibit 5

 

TCF FINANCIAL COPORATION

200 Lake Street East

Wayzata, MN   55391

 

Vice Chairman

General Counsel

Secretary

 

October 14, 2008

 

Securities and Exchange Commission
100 F. St. N.E.
Washington, DC 20549

 

    RE:  TCF Employees Stock Purchase Plan and TCF Employees Stock Purchase Plan — Supplemental Plan

 

Ladies and Gentlemen:

 

This opinion is furnished in connection with the Registration Statement on Form S-8 (the “Registration Statement”) filed with the Securities and Exchange Commission by TCF Financial Corporation (the “Company”) covering an additional 3,000,000 shares of common stock par value $.01 (the “Common Stock”), to be allocated to accounts of participants in the TCF Employees Stock Purchase Plan and the TCF Employees Stock Purchase Plan — Supplemental Plan (hereinafter jointly referred to as the “Plans”). These shares are in addition to the shares previously registered with the Securities and Exchange Commission for these Plans.

 

I am the Vice Chairman, General Counsel and Secretary of the Company.  As such, I have examined the Company’s Articles of Incorporation, Bylaws and such other corporate records and documents as I have considered relevant and necessary for the purpose of this opinion. I have participated in the preparation and filing of the Registration Statement. I am familiar with the proceedings taken or to be taken by the Company with respect to the authorization and proposed issuance of shares of Common Stock pursuant to the Plan as contemplated by the Registration Statement.

 

Based on the foregoing, I am of the opinion that:  the Company has been duly incorporated and is validly existing and in good standing under the laws of the State of Delaware; the Company has corporate authority to issue the shares of Common Stock covered by the Registration Statement; and the 3,000,000 shares of Common Stock proposed to be allocated to accounts under the Plans described in the Registration Statement will, when issued pursuant to the terms of the Plans, be duly and validly issued, fully paid and non-assessable.

 

I hereby consent to the filing of my opinion as Exhibit 5 to the Form S-8 Registration Statement filed by the Company to effect registration of the shares under the Securities Act of 1933.

 

 

 

 

 

 

Sincerely,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Gregory J. Pulles

 

 

 

 

 

 

Gregory J. Pulles

 

 

 

 

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Section 3: EX-23 (EX-23)

 

Exhibit 23

 

Consent of Independent Registered Public Accounting Firm

 

The Board of Directors

TCF Financial Corporation:

 

We consent to the incorporation by reference in the registration statement on Form S-8 of TCF Financial Corporation of our reports dated February 14, 2008, with respect to the consolidated statements of financial condition of TCF Financial Corporation and subsidiaries as of December 31, 2007 and 2006, and the related consolidated statements of income, stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2007, and the effectiveness of internal control over financial reporting as of December 31, 2007, which reports appear in the December 31, 2007 annual report on Form 10-K of TCF Financial Corporation.

 

/s/ KPMG LLP

 

 

Minneapolis, Minnesota

October 31, 2008

 

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Section 4: EX-24 (EX-24)

 

Exhibit 24

 

POWER OF ATTORNEY

 

I, the undersigned Director/Officer of TCF Financial Corporation, a Delaware corporation, do hereby name, constitute and appoint Neil W. Brown and Gregory J. Pulles, and each of them, my agent and attorney-in-fact, for me and in my behalf as a Director/Officer of TCF Financial Corporation to sign and execute a Registration Statement on Form S-8, any pre-effective amendments thereto and any post-effective amendments thereto, relating to the registration with the Securities and Exchange Commission of 3,000,000 shares of Common Stock, par value $.01 per share, of TCF Financial Corporation (and related plan interests) in connection with the TCF Employees Stock Purchase Plan and TCF Employees Stock Purchase Plan - Supplemental Plan.

 

Executed this 20th day of October, 2008

 

 

/s/ William A. Cooper

 

 

William A. Cooper, Chief Executive Officer and Chairman of the Board

 

 

 

 

 

 

/s/ Gregory J. Pulles

 

 

Gregory J. Pulles, Vice Chairman, General Counsel, Secretary and Director

 

 

 

 

 

 

/s/ Barry N. Winslow

 

 

Barry N. Winslow, Vice Chairman and Director

 

 

 

 

 

 

 

 

/s/ William F. Bieber

 

/s/ George G. Johnson

William F. Bieber, Director

 

George G. Johnson, Director

 

 

 

 

 

 

/s/ Theodore Bigos

 

/s/ Peter L. Scherer

Theodore Bigos, Director

 

Peter L. Scherer, Director

 

 

 

 

 

 

/s/ Rodney P. Burwell

 

/s/ Gerald A. Schwalbach

Rodney P. Burwell, Director

 

Gerald A. Schwalbach, Director

 

 

 

 

 

 

/s/ Thomas A. Cusick

 

/s/ Douglas A. Scovanner

Thomas A. Cusick, Director

 

Douglas A. Scovanner, Director

 

 

 

 

 

 

/s/ Luella G. Goldberg

 

/s/ Ralph Strangis

Luella G. Goldberg, Director

 

Ralph Strangis, Director

 

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