[S-8] H.B. Fuller Company Employee Benefit Plan Registration

Rhea-AI Filing Summary

Form S-8 Filing Overview: H.B. Fuller Company (NYSE: FUL) filed a Form S-8 on 26 June 2025 to register additional shares for its equity compensation program.

Shares Registered: The filing covers (1) 2,000,000 new common shares authorized under the Third Amended and Restated 2020 Master Incentive Plan, approved by shareholders on 15 April 2025, and (2) up to 128,907 shares recycled from previously forfeited or cancelled awards under the 2018 and 2020 plans. All shares carry a $1.00 par value.

Purpose & Mechanics: Form S-8 enables immediate issuance of stock or option awards to employees, officers and directors. The filing automatically incorporates the company’s latest 10-K (FY-2024), 10-Qs (Q1 & Q2 FY-2025) and specified 8-Ks by reference, ensuring continual updating of material information without separate prospectus supplements.

Corporate & Legal Context: H.B. Fuller is a Large Accelerated Filer incorporated in Minnesota. Indemnification provisions follow Section 521 of the Minnesota Business Corporation Act. The company maintains D&O liability insurance, and Articles/Bylaws limit director monetary liability to the fullest extent permitted by state law.

Potential Investor Implications: • The newly registered shares represent incremental equity capacity for employee incentives, supporting talent retention and alignment. • The maximum dilution impact equals roughly 4 % of FUL’s ~53 million shares outstanding (based on latest 10-K), though actual dilution depends on grant timing and vesting. • No proceeds accrue to the company at registration; any cash inflow arises only if options with exercise prices are exercised.

Positive

• Enhanced talent retention and alignment: additional share capacity supports long-term incentive programs without seeking further shareholder approval in the near term.

Negative

• Potential dilution of up to ~4 % of outstanding shares if the entire pool is issued and not offset by buybacks or forfeitures.

Insights

Equity Compensation Specialist

TL;DR – Routine S-8: adds 2.13 M shares to incentive plan; modest potential dilution, neutral cash impact, aids retention.

The filing is a standard administrative step following shareholder approval of the expanded 2020 Master Incentive Plan. Registering 2,128,907 shares equates to approximately 4 % of outstanding stock—a manageable dilution range versus peer norms (3-5 %). While the move slightly increases the share pool, actual dilution will be staggered over several years and partly offset by cancelled awards. Because Form S-8 does not generate immediate capital and does not alter earnings, the event is largely neutral from a valuation standpoint. Nevertheless, the enlarged pool gives management flexibility to offer RSUs, performance shares and options, an important competitive tool in a tight labor market.

As filed with the Securities and Exchange Commission on June 26, 2025

Registration No. 333-__________

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM S‑8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933

H.B. FULLER COMPANY
(Exact name of registrant as specified in its charter)

Minnesota
(State or other jurisdiction
of incorporation or organization) 41-0268370
(I.R.S. Employer
Identification No.)

1200 Willow Lake Boulevard
St. Paul, Minnesota 55110-5101
(Address of Principal Executive Offices) (Zip Code)

THIRD AMENDED AND RESTATED H.B. FULLER COMPANY 2020 MASTER INCENTIVE PLAN
(Full title of the plans)

Gregory O. Ogunsanya
Senior Vice President, General Counsel and Corporate Secretary
H.B. Fuller Company
1200 Willow Lake Boulevard
St. Paul, Minnesota 55110-5101
(Name and address of agent for service)

(651) 236-5900

(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☑  Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

EXPLANATORY NOTE

REGISTRATION OF ADDITIONAL SECURITIES

This Registration Statement on Form S-8 (the “Registration Statement”) is being filed to register 1) an additional 2,000,000 shares of common stock, $1.00 par value per share of H.B. Fuller Company to be issued as a result of the approval of the third amendment and restatement of the H.B. Fuller Company 2020 Master Incentive Plan (the “Third Amended and Restated 2020 Incentive Plan”) at the Annual Meeting of Shareholders held on April 15, 2025 and 2) up to 128,907 shares of common stock, $1.00 par value per share, of the Company subject to outstanding awards that were forfeited or cancelled from the H.B. Fuller Company 2018 Master Incentive Plan or the H.B. Fuller Company 2020 Master Incentive Plan and that are available for reissuance under the Third Amended and Restated 2020 Master Incentive Plan. Collectively, the shares of common stock referenced in this paragraph shall be referred to as the “Shares.”

PART I

INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

The documents containing the information specified in Part I of Form S-8 will be provided to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the “Securities Act”). Such documents need not be filed with the SEC either as part of this Registration Statement or as a prospectus or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, when taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents, which have been filed with the SEC by H.B. Fuller Company (hereinafter “we,” “us” or “H.B. Fuller”) are incorporated by reference in this registration statement:

(a) Our Annual Report on Form 10‑K for the fiscal year ended November 30, 2024;

(b) Our Quarterly Reports on Form 10‑Q for the fiscal quarter ended March 1, 2025 and for the fiscal quarter ended May 31, 2025;

(c) Our Current Reports on Form 8-K filed on December 16, 2024; March 19, 2025, and April 16, 2025;

(d) The description of our common stock contained in any registration statement under the Securities Act, or report filed by us under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description.

Unless otherwise stated in the applicable reports, information furnished under Item 2.02 or 7.01 of our Current Reports on Form 8-K is not incorporated by reference.

All documents filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the respective dates of filing of such documents.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 521 of the Minnesota Business Corporation Act (the “MBCA”) provides that a corporation shall, subject to certain limitations, indemnify officers and directors made or threatened to be made a party to a proceeding by reason of that officer or director’s former or present official capacity with the company. As required, we will indemnify an officer or director against judgments, penalties, fines, settlements and reasonable expenses if he or she:

● has not been indemnified by another organization;

● acted in good faith;

● has not received an improper personal benefit and Section 255 of the MBCA regarding director conflicts of interests, if applicable, has been satisfied;

● assuming the case is a criminal proceeding, the person had no reasonable cause to believe the conduct was unlawful; and

● reasonably believed that the conduct was in the best interests of the company or, in the case of an officer or director who is or was serving at the request of the company as a director, officer, partner, trustee, employee or agent of another organization or employee benefit plan, reasonably believed that the conduct was not opposed to the best interests of the company.

Article VI of our Restated Articles of Incorporation, as amended to date, provides that, to the fullest extent permissible under the MBCA, our directors shall not be personally liable to H.B. Fuller or our shareholders for monetary damages for breach of fiduciary duty as a director.

Article V of our Bylaws, as amended to date, provides that we shall indemnify our officers and directors under such circumstances and to the extent permitted by Section 521 of the MBCA as now enacted or hereafter amended.

We maintain directors’ and officers’ liability insurance which covers certain liabilities and expenses of our directors and officers and covers H.B. Fuller for reimbursement of payments to our directors and officers in respect of such liabilities and expenses.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

4.1		Restated Articles of Incorporation of H.B. Fuller Company, as amended (incorporated by reference to Exhibit 3.1 to the Quarterly Report on Form 10-Q for the quarter ended September 2, 2006).
4.2		Bylaws of H.B. Fuller Company (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K dated December 2, 2015).
5.1		Opinion of Dorsey & Whitney LLP.*
23.1		Consent of Dorsey & Whitney LLP (included in Exhibit 5.1).*
23.2		Consent of Independent Registered Public Accounting Firm (Ernst & Young LLP).*
24.1		Power of Attorney.*
99.1		Third Amended and Restated H.B. Fuller Company 2020 Master Incentive Plan (incorporated by reference to Appendix B to the Proxy Statement on Schedule 14A filed on March 4, 2025).
107		Calculation of Filing Fee.*

*Filed herewith.

Item 9. Undertakings.

(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;

(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 the 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% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

(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 (a)(1)(i) and (a)(1)(ii) above 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 Exchange Act that are incorporated by reference in the registration statement.

(2) That, for the purpose of determining any liability under the Securities Act, 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.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the 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) 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 the 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.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, 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 St. Paul, State of Minnesota, on the 26^th day of June, 2025.

	H. B. FULLER COMPANY
	By:	/s/ John J. Corkrean
		John J. Corkrean
		Executive Vice President and Chief Financial Officer
		(principal financial officer and authorized officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on the 26^th day of June, 2025.

Signature		Title
/s/ Celeste B. Mastin		President, Chief Executive Officer and Director
Celeste B. Mastin		(principal executive officer)
/s/ John J. Corkrean		Executive Vice President and Chief Financial Officer
John J. Corkrean		(principal financial officer)
/s/ Robert J. Martsching		Vice President and Controller
Robert J. Martsching		(principal accounting officer)
*		Director
Daniel L. Florness
*		Director
Thomas W. Handley
*		Director
Michael J. Happe
*		Director
Ruth S. Kimmelshue
*		Director
Charles T. Lauber
*		Chair of the Board
Teresa J. Rasmussen
*		Director
Srilata A. Zaheer
*By: /s/ Gregory O. Ogunsanya
Gregory O. Ogunsanya Attorney-in-Fact

FAQ

How many new H.B. Fuller (FUL) shares are being registered in this Form S-8?

The filing registers 2,000,000 new shares plus up to 128,907 shares recycled from cancelled awards, totaling 2,128,907 shares.

What is the purpose of the Third Amended and Restated 2020 Master Incentive Plan?

It provides equity-based compensation (e.g., RSUs, options) to employees, officers and directors to promote retention and align interests with shareholders.

Will the Form S-8 raise cash for H.B. Fuller?

No immediate cash is raised. Proceeds occur only if stock options issued under the plan are exercised at a future date.

What is the estimated dilution impact of the newly registered shares?

If all 2.13 million shares are issued, dilution would be roughly 4 % based on ~53 million shares outstanding per the FY-2024 10-K.

When did shareholders approve the expanded incentive plan?

Shareholders approved the Third Amended and Restated 2020 Master Incentive Plan at the annual meeting on 15 April 2025.