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<TITLE>ZALE CORPORATION</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
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<P align="center" style="font-size: 10pt">As filed with the
Securities and Exchange Commission on July&nbsp;9, 2004



<P align="right" style="font-size: 10pt">Registration No.&nbsp;333-_____



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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 10pt">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


<P align="center" style="font-size: 24pt"><B>Zale Corporation</B>


<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


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    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75-0675400</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><B>901 West Walnut Hill Lane<BR>
Irving, Texas</B><BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75038-1003</B><BR>
(Zip Code)</TD>
</TR>

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<P align="center" style="font-size: 10pt"><B>Zale Corporation 2003 Stock Incentive Plan</B><BR>
(Full title of the plan)



<P align="center" style="font-size: 10pt"><B>Hilary Molay<BR>
Vice President, General Counsel and Secretary<BR>
Zale Corporation<BR>
901 West Walnut Hill Lane<BR>
Irving, Texas 75038-1003<BR>
(972)&nbsp;580-4000</B><BR>
(Name, address and telephone number, including area code, of agent for service)



<P align="center" style="font-size: 10pt"><I>With a Copy To:</I>



<P align="center" style="font-size: 10pt"><B>W. Brinkley Dickerson, Jr.<BR>
Troutman Sanders LLP<BR>
600 Peachtree Street, N.E.<BR>
Suite&nbsp;5200<BR>
Atlanta, Georgia 30308<BR>
(404)&nbsp;885-3822</B>

<P>
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<DIV align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>
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    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
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    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Title of each class of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price per</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>maximum aggregate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>securities to be registered</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>share (2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price (2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B><HR size="1" noshade></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock, par value $.01 per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center">6,000,000 shares</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">156,480,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">19,827</TD>
    <TD>&nbsp;</TD>
</TR>

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<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended,
this Registration Statement also covers an indeterminate number of
additional shares that may be offered and issued to prevent dilution
resulting from stock splits, stock dividends or similar transactions as
provided in the Zale Corporation 2003 Stock Incentive Plan.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee, in
accordance with Rule&nbsp;457(h)(1) under the Securities Act of 1933, as
amended, on the basis of the average of the high and low sales prices of
$25.78 and $26.38 per share for the Common Stock as reported on the New
York Stock Exchange on July&nbsp;6, 2004.</TD>
</TR>

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<P align="center" style="font-size: 10pt">&nbsp;
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">Part I &#151; Information Required in the Section&nbsp;10(a) Prospectus</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Part II &#151; Information Required in the Registration Statement</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="g89887exv5w1.txt">EX-5.1 OPINION OF TROUTMAN SANDERS LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="g89887exv23w1.txt">EX-23.1 CONSENT OF KPMG LLP</A></TD></TR>
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<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>Part I &#151; Information Required in the Section&nbsp;10(a) Prospectus</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents constituting Part&nbsp;I of this Registration Statement have been
or will be sent or given to participants in the Zale Corporation 2003 Stock
Incentive Plan (the &#147;Plan&#148;) as specified by Rule&nbsp;428(b)(1) under the Securities
Act of 1933, as amended (the &#147;Securities Act&#148;). These documents and the
documents incorporated by reference into this Registration Statement, taken
together, constitute a Prospectus that meets the requirements of Section 10(a)
of the Securities Act.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon written or oral request, Zale Corporation, a Delaware corporation
(the &#147;Company&#148;), will provide, without charge, the documents incorporated by
reference in Item&nbsp;3 of Part&nbsp;II of this Registration Statement. The Company
also will provide without charge, upon written or oral request, other documents
required to be delivered to employees pursuant to Rule 428(b) under the
Securities Act. Requests for the above mentioned information should be
directed to Zale Corporation, 901 West Walnut Hill Lane, Irving, Texas
75038-1003, Attention: General Counsel.

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<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>Part II &#151; Information Required in the Registration Statement</B>



<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission
(the &#147;Commission&#148;) are incorporated by reference into this Registration
Statement as of their respective dates of filing:


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company&#146;s Annual Report on Form 10-K for the fiscal year
ended July&nbsp;31, 2003;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company&#146;s Quarterly Reports on Form 10-Q for the fiscal
quarters ended October&nbsp;31, 2003, January&nbsp;31, 2004 and April&nbsp;30,
2004; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of the Company&#146;s capital stock contained in
the Company&#146;s Registration Statement on Form 8-A/A filed with the
Commission under Section 12(g) of the Securities Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), on July&nbsp;16, 1993, including
any amendments or reports filed for the purpose of updating such
description.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed subsequent to the date of this Registration Statement
by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange
Act prior to the filing of a post-effective amendment hereto which indicates
that all securities offered hereby have been sold or which deregisters any
securities then remaining unsold, shall also be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from their
respective dates of filing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein, or in any other subsequently filed document that also is or
is deemed to be incorporated by reference herein, modifies or supersedes such
statement. Any statement contained in this Registration Statement shall be
deemed to be modified or superseded to the extent that a statement contained in
a subsequently filed document which is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.


<P align="center" style="font-size: 10pt">2
</DIV>

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<P align="left" style="font-size: 10pt"><B>Item&nbsp;4.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;6.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Restated Certificate of Incorporation provides that the
Company shall indemnify any person serving as its director or officer, or in a
similar capacity with another entity at its request, from any liability arising
for any acts or omissions occurring after July&nbsp;21, 1993 that such person incurs
with respect to any threatened, pending, or completed action, suit, or
proceeding (whether civil, criminal, administrative, or investigative) so long
as such person acted in good faith and in a manner that he or she reasonably
believed to be in or not opposed to the best interests of the Company. With
respect to any criminal action or proceeding, however, the person must have had
reasonable cause to believe that his or her conduct was lawful. If a court of
competent jurisdiction, after exhaustion of all appeals therefrom, adjudges
such person to be liable to the Company or such person agrees to pay amounts in
settlement to the Company, the Company may indemnify such person for such claim
only if the court approves such indemnification.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has entered into Indemnification Agreements (the
&#147;Indemnification Agreements&#148;) with its existing and certain former directors
agreeing to indemnify such persons against expenses, judgments, funds and
amounts paid in settlement incurred in connection with any threatened, pending
or completed action, suit or proceeding in which the director was or is
threatened to be made a party by reason of his service as a director, officer,
employee, or agent of the Company subsequent to July&nbsp;21, 1993 provided that the
director acted in good faith and in a manner he or she reasonably believed to
be in the best interest of the Company, and with respect to any criminal action
or proceeding, provided he or she had reasonable cause to believe his or her
actions were lawful. Each Indemnification Agreement further provides for the
indemnification of any director against all expenses incurred in the successful
defense of any proceeding, whether on the merits or otherwise. Each
Indemnification Agreement provides as set forth the methodology for the
determination of the right of indemnification and provisions for the
advancement of expenses incurred in defending any proceeding.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exhibits.</B>


<DIV align="center">
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<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit No.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation (incorporated by
reference to Exhibit&nbsp;3.1 of the Company&#146;s Quarterly Report on Form
10-Q for the fiscal quarter ended October&nbsp;31, 2001, File No.
1-04129)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bylaws (incorporated by reference to Exhibit&nbsp;3.2 of the
Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended July
31, 2000, File No.&nbsp;1-04129)</TD>
</TR>

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<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
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<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit No.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Revolving Credit Agreement, dated as of July&nbsp;23, 2003
(incorporated by reference to Exhibit&nbsp;4.1 of the Company&#146;s Annual
Report on Form&nbsp;10-K for the fiscal year ended July&nbsp;31, 2003, File
No.&nbsp;1-04129)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Security Agreement of Revolving Credit Agreement, dated as
of July&nbsp;23, 2003 (incorporated by reference to Exhibit&nbsp;4.2 of the
Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended July
31, 2003, File No.&nbsp;1-04129)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Troutman Sanders LLP</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Troutman Sanders LLP (contained in its Opinion
filed as Exhibit&nbsp;5.1)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (contained on the signature page)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Zale Corporation 2003 Stock Incentive Plan (incorporated by
reference to Exhibit&nbsp;10.4 of the Company&#146;s Annual Report on Form
10-K for the fiscal year ended July&nbsp;31, 2003, File No.&nbsp;1-04129)</TD>
</TR>

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</DIV>



<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P align="left" style="font-size: 10pt">The undersigned registrant hereby undertakes:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than 20&nbsp;percent change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration
Fee&#148; table in the effective registration statement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided, however, </I>that paragraphs (1)(i) and (1)(ii) do not apply
if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the
registrant pursuant to Section&nbsp;13 or Section 15(d) of the 1934 Act that
are incorporated by reference in the registration statement.


<P align="center" style="font-size: 10pt">4
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;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 <I>bona
fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
any offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant&#146;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 <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Commission 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.


<P align="center" style="font-size: 10pt">5
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Irving, State of Texas, on this 2nd day of July,
2004.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><B>ZALE CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Mary L. Fort&#233;
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">Mary L. Fort&#233;&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Mary L. Fort&#233; and Sue E. Gove, and each of them
(with full power in each to act alone), his or her true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him or her and in his or her name, place and stead, in any
and all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same, with all
exhibits thereto and other documents in connection therewith with the
Securities and Exchange Commission, hereby ratifying and confirming all that
said attorneys-in-fact, or their substitute or substitutes may lawfully do or
cause to be done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated below on the dates indicated.

<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B><HR size="1" width="23%" noshade></TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center"><B>Title</B><HR size="1" noshade width="9%"></TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center"><B>Date</B><HR size="1" noshade width="27%"></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR>
<TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="left" nowrap valign="bottom">/s/ Mary L. Fort&#233;<BR>
<HR size="1" noshade>
Mary L. Fort&#233;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
President and Chief Executive<BR>
Officer and Director (principal<BR>
executive officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>



<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Mark R. Lenz<BR>
<HR size="1" noshade>
Mark R. Lenz</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Group Senior Vice President and<BR>
Chief Financial Officer<BR>
(principal financial officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>



<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Cynthia T. Gordon<BR>
<HR size="1" noshade>
Cynthia T. Gordon</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Senior Vice President and<BR>
Controller<BR>
(principal accounting officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Robert J. DiNicola<BR>
<HR size="1" noshade>
Robert J. DiNicola</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Chairman of the Board
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ J. Glen Adams<BR>
<HR size="1" noshade>
J. Glen Adams</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ A. David Brown<BR>
<HR size="1" noshade>
A. David Brown</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B><HR size="1" width="23%" noshade></TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center"><B>Title</B><HR size="1" noshade width="9%"></TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center"><B>Date</B><HR size="1" noshade width="27%"></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Mary E. Burton<BR>
<HR size="1" noshade>
Mary E. Burton</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>


<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Peter P. Copses<BR>
<HR size="1" noshade>
Peter P. Copses</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ John B. Lowe, Jr.<BR>
<HR size="1" noshade>
John B. Lowe, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ Richard C. Marcus<BR>
<HR size="1" noshade>
Richard C. Marcus</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="bottom">/s/ David M. Szymanski<BR>
<HR size="1" noshade>
David M. Szymanski</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">July 2, 2004</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">7
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>INDEX TO EXHIBITS</B>


<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit No.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Troutman Sanders LLP</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">8
</DIV>


</BODY>
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{"company-data": {"conformed-name": "ZALE CORP", "cik": "0000109156", "assigned-sic": "5944", "irs-number": "750675400", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-117249", "film-number": "04907182"}, "business-address": {"street1": "901 W WALNUT HILL LN", "street2": "MS 6B-3", "city": "IRVING", "state": "TX", "zip": "75038", "phone": "9725804000"}, "mail-address": {"street1": "901 WEST WALNUT HILL LANE", "street2": "MAIL STOP 6B-3", "city": "IRVING", "state": "TX", "zip": "75038-1003"}, "former-company": {"former-conformed-name": "ZALE JEWELRY CO INC", "date-changed": "19710510"}}
ZALE CORPORATION
Table of Contents
As filed with the
Securities and Exchange Commission on July 9, 2004
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Zale Corporation
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
75-0675400
(I.R.S. Employer
Identification No.)
901 West Walnut Hill Lane
Irving, Texas
(Address of principal executive offices)
75038-1003
(Zip Code)
Zale Corporation 2003 Stock Incentive Plan
(Full title of the plan)
Hilary Molay
Vice President, General Counsel and Secretary
Zale Corporation
901 West Walnut Hill Lane
Irving, Texas 75038-1003
(972) 580-4000
(Name, address and telephone number, including area code, of agent for service)
With a Copy To:
W. Brinkley Dickerson, Jr.
Troutman Sanders LLP
600 Peachtree Street, N.E.
Suite 5200
Atlanta, Georgia 30308
(404) 885-3822
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed
Title of each class of
Amount to be
offering price per
maximum aggregate
Amount of
securities to be registered
registered(1)
share (2)
offering price (2)
registration fee
Common Stock, par value $.01 per share
6,000,000 shares
$
26.08
$
156,480,000
$
19,827
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended,
this Registration Statement also covers an indeterminate number of
additional shares that may be offered and issued to prevent dilution
resulting from stock splits, stock dividends or similar transactions as
provided in the Zale Corporation 2003 Stock Incentive Plan.
(2)
Estimated solely for the purpose of calculating the registration fee, in
accordance with Rule 457(h)(1) under the Securities Act of 1933, as
amended, on the basis of the average of the high and low sales prices of
$25.78 and $26.38 per share for the Common Stock as reported on the New
York Stock Exchange on July 6, 2004.
TABLE OF CONTENTS
Part I — Information Required in the Section 10(a) Prospectus
Part II — Information Required in the Registration Statement
SIGNATURES
INDEX TO EXHIBITS
EX-5.1 OPINION OF TROUTMAN SANDERS LLP
EX-23.1 CONSENT OF KPMG LLP
Table of Contents
Part I — Information Required in the Section 10(a) Prospectus
The documents constituting Part I of this Registration Statement have been
or will be sent or given to participants in the Zale Corporation 2003 Stock
Incentive Plan (the "Plan") as specified by Rule 428(b)(1) under the Securities
Act of 1933, as amended (the "Securities Act"). These documents and the
documents incorporated by reference into this Registration Statement, taken
together, constitute a Prospectus that meets the requirements of Section 10(a)
of the Securities Act.
Upon written or oral request, Zale Corporation, a Delaware corporation
(the "Company"), will provide, without charge, the documents incorporated by
reference in Item 3 of Part II of this Registration Statement. The Company
also will provide without charge, upon written or oral request, other documents
required to be delivered to employees pursuant to Rule 428(b) under the
Securities Act. Requests for the above mentioned information should be
directed to Zale Corporation, 901 West Walnut Hill Lane, Irving, Texas
75038-1003, Attention: General Counsel.
Part II — Information Required in the Registration Statement
Item 3.
Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange Commission
(the "Commission") are incorporated by reference into this Registration
Statement as of their respective dates of filing:
(a)
the Company's Annual Report on Form 10-K for the fiscal year
ended July 31, 2003;
(b)
the Company's Quarterly Reports on Form 10-Q for the fiscal
quarters ended October 31, 2003, January 31, 2004 and April 30,
2004; and
(c)
the description of the Company's capital stock contained in
the Company's Registration Statement on Form 8-A/A filed with the
Commission under Section 12(g) of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), on July 16, 1993, including
any amendments or reports filed for the purpose of updating such
description.
All documents filed subsequent to the date of this Registration Statement
by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act prior to the filing of a post-effective amendment hereto which indicates
that all securities offered hereby have been sold or which deregisters any
securities then remaining unsold, shall also be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from their
respective dates of filing.
Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein, or in any other subsequently filed document that also is or
is deemed to be incorporated by reference herein, modifies or supersedes such
statement. Any statement contained in this Registration Statement shall be
deemed to be modified or superseded to the extent that a statement contained in
a subsequently filed document which is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
2
Table of Contents
Item 4.
Description of Securities.
Not Applicable.
Item 5.
Interests of Named Experts and Counsel.
Not Applicable.
Item 6.
Indemnification of Directors and Officers.
The Company's Restated Certificate of Incorporation provides that the
Company shall indemnify any person serving as its director or officer, or in a
similar capacity with another entity at its request, from any liability arising
for any acts or omissions occurring after July 21, 1993 that such person incurs
with respect to any threatened, pending, or completed action, suit, or
proceeding (whether civil, criminal, administrative, or investigative) so long
as such person acted in good faith and in a manner that he or she reasonably
believed to be in or not opposed to the best interests of the Company. With
respect to any criminal action or proceeding, however, the person must have had
reasonable cause to believe that his or her conduct was lawful. If a court of
competent jurisdiction, after exhaustion of all appeals therefrom, adjudges
such person to be liable to the Company or such person agrees to pay amounts in
settlement to the Company, the Company may indemnify such person for such claim
only if the court approves such indemnification.
The Company has entered into Indemnification Agreements (the
"Indemnification Agreements") with its existing and certain former directors
agreeing to indemnify such persons against expenses, judgments, funds and
amounts paid in settlement incurred in connection with any threatened, pending
or completed action, suit or proceeding in which the director was or is
threatened to be made a party by reason of his service as a director, officer,
employee, or agent of the Company subsequent to July 21, 1993 provided that the
director acted in good faith and in a manner he or she reasonably believed to
be in the best interest of the Company, and with respect to any criminal action
or proceeding, provided he or she had reasonable cause to believe his or her
actions were lawful. Each Indemnification Agreement further provides for the
indemnification of any director against all expenses incurred in the successful
defense of any proceeding, whether on the merits or otherwise. Each
Indemnification Agreement provides as set forth the methodology for the
determination of the right of indemnification and provisions for the
advancement of expenses incurred in defending any proceeding.
Item 7.
Exemption from Registration Claimed.
Not Applicable.
Item 8.
Exhibits.
Exhibit No.
Description
4.1
Restated Certificate of Incorporation (incorporated by
reference to Exhibit 3.1 of the Company's Quarterly Report on Form
10-Q for the fiscal quarter ended October 31, 2001, File No.
1-04129)
4.2
Bylaws (incorporated by reference to Exhibit 3.2 of the
Company's Annual Report on Form 10-K for the fiscal year ended July
31, 2000, File No. 1-04129)
3
Table of Contents
Exhibit No.
Description
4.3
Revolving Credit Agreement, dated as of July 23, 2003
(incorporated by reference to Exhibit 4.1 of the Company's Annual
Report on Form 10-K for the fiscal year ended July 31, 2003, File
No. 1-04129)
4.4
Security Agreement of Revolving Credit Agreement, dated as
of July 23, 2003 (incorporated by reference to Exhibit 4.2 of the
Company's Annual Report on Form 10-K for the fiscal year ended July
31, 2003, File No. 1-04129)
5.1
Opinion of Troutman Sanders LLP
23.1
Consent of KPMG LLP
23.2
Consent of Troutman Sanders LLP (contained in its Opinion
filed as Exhibit 5.1)
24.1
Powers of Attorney (contained on the signature page)
99.1
Zale Corporation 2003 Stock Incentive Plan (incorporated by
reference to Exhibit 10.4 of the Company's Annual Report on Form
10-K for the fiscal year ended July 31, 2003, File No. 1-04129)
Item 9. Undertakings.
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
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration
Fee" table in the effective registration statement.
(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) and (1)(ii) do not apply
if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the
registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that
are incorporated by reference in the registration statement.
4
Table of Contents
(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
any offering.
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.
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 Commission 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.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Irving, State of Texas, on this 2nd day of July,
2004.
ZALE CORPORATION
By:
/s/ Mary L. Forté
Mary L. Forté
President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Mary L. Forté and Sue E. Gove, and each of them
(with full power in each to act alone), his or her true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him or her and in his or her name, place and stead, in any
and all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same, with all
exhibits thereto and other documents in connection therewith with the
Securities and Exchange Commission, hereby ratifying and confirming all that
said attorneys-in-fact, or their substitute or substitutes may lawfully do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated below on the dates indicated.
Signature
Title
Date
/s/ Mary L. Forté
Mary L. Forté
President and Chief Executive
Officer and Director (principal
executive officer)
July 2, 2004
/s/ Mark R. Lenz
Mark R. Lenz
Group Senior Vice President and
Chief Financial Officer
(principal financial officer)
July 2, 2004
/s/ Cynthia T. Gordon
Cynthia T. Gordon
Senior Vice President and
Controller
(principal accounting officer)
July 2, 2004
/s/ Robert J. DiNicola
Robert J. DiNicola
Chairman of the Board
July 2, 2004
/s/ J. Glen Adams
J. Glen Adams
Director
July 2, 2004
/s/ A. David Brown
A. David Brown
Director
July 2, 2004
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Signature
Title
Date
/s/ Mary E. Burton
Mary E. Burton
Director
July 2, 2004
/s/ Peter P. Copses
Peter P. Copses
Director
July 2, 2004
/s/ John B. Lowe, Jr.
John B. Lowe, Jr.
Director
July 2, 2004
/s/ Richard C. Marcus
Richard C. Marcus
Director
July 2, 2004
/s/ David M. Szymanski
David M. Szymanski
Director
July 2, 2004
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INDEX TO EXHIBITS
Exhibit No.
Description
5.1
Opinion of Troutman Sanders LLP
23.1
Consent of KPMG LLP
8