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To: Dave Gahm who wrote (32238)4/18/1998 6:08:00 AM
From: Kathleen capps  Read Replies (1) | Respond to of 53903
 
Dave,

But it would increase the number of shares outstanding, wouldn't it?

MU's shares have remained at a similar level for quite a while now.

Kathleen



To: Dave Gahm who wrote (32238)4/18/1998 10:04:00 AM
From: Thomas G. Busillo  Read Replies (1) | Respond to of 53903
 
Dave, I don't understand the "indemnification of officers".

Why would a plain vanilla S-8 filing include that?
Is it common practice to indemnify not only officers and directors but certain key employees as part of a plain vanilla S-8 filing?
If it is such a common practice, where does the following excerpt fit into the picture:

(c) 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 Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable.
(my boldface added for emphasis).

Why take the time to include in an S-8 an indemnification which in the opinion of the SEC is unenforceable?

Good trading,

Tom