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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 12pt">As filed with the Securities and Exchange Commission on June&nbsp;30, 2006</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 10pt">Registration No.&nbsp;333-_____
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

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

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Dean Foods Company</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77-2559681</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top" NOWRAP>(State or Other Jurisdiction of Incorporation
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer </TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"> or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>2515 McKinney Avenue, Suite&nbsp;1200<BR>
Dallas, Texas 75201</B><BR>
(Address, including Zip Code, of Principal Executive Offices)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Inducement Stock Option and Restricted Stock Unit Awards Plan<BR>
Inducement Stock Option and Restricted Stock Unit Awards</B><BR>
(Full Title of the Plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Michelle P. Goolsby<BR>
Executive Vice President, Chief Administrative Officer,<BR>
General Counsel and Corporate Secretary<BR>
Dean Foods Company<BR>
2515 McKinney Avenue, Suite&nbsp;1200<BR>
Dallas, Texas 75201</B><BR>
(Name and Address of Agent For Service)<BR>
<B>(214)&nbsp;303-3400</B><BR>
(Telephone Number, Including Area Code, of Agent For Service)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="28%">&nbsp;</TD>
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    <TD width="7%">&nbsp;</TD>
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   <TD width="1%">&nbsp;</TD>
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    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>

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<TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>

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    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Maximum</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Securities to be</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount to be</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Maximum Offering</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Aggregate</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registration</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-right: 0px solid #000000">Registered(1)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Price Per Share</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Offering Price</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Common Stock, $0.01
par value per share
(&#147;Common Stock&#148;)
(including the
associated Stock
Purchase Rights)</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

    <TD align="center" style="border-top: 1px solid #000000" colspan="3">1,200,000(2)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

    <TD align="center" style="border-top: 1px solid #000000" colspan="3">$35.84(3)</TD>


    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 1px solid #000000" colspan="3">$43,008,000(3)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 1px solid #000000" colspan="3">$4,601.86</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Common Stock
(including the
associated Stock
Purchase Rights)</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>

    <TD nowrap align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 1px solid #000000" colspan="3">485,000(4)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 1px solid #000000" colspan="3">$35.70-$37.98 (5)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 1px solid #000000" colspan="3">$18,245,700(5)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 1px solid #000000" colspan="3">$1,952.29</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Common Stock
(including the
associated Stock
Purchase Rights)</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 1px solid #000000" colspan="3">74,000(6)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 1px solid #000000" colspan="3">$35.84(3)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000" colspan="3">$2,652,160(3)</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000" colspan="3">$283.78</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Total</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

    <TD align="center" style="border-top: 1px solid #000000" colspan="3">1,759,000</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 1px solid #000000" colspan="3">N/A</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000" colspan="3">$63,905,860</TD>

    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000" colspan="3">$6,837.93</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>In accordance with Rule&nbsp;416 under the Securities Act of 1933, as amended (the &#147;Securities
Act&#148;), this registration statement shall be deemed to cover any additional securities that may
from time to time be offered or issued to prevent dilution resulting from stock splits, stock
dividends or similar transactions.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the amount of shares to be issued under the Inducement Stock Option and Restricted
Stock Unit Awards Plan as inducement of employment in connection with the employment of newly
hired employees.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
and 457(h) of the Securities Act, and based upon the average of the high and low prices of the
Registrant&#146;s Common Stock as reported on the New York Stock
Exchange on June&nbsp;27, 2006.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the number of shares issuable pursuant to stock option awards granted as
inducement awards in connection with the employment of Mr.&nbsp;Joseph E. Scalzo, Mr.&nbsp;Jack F.
Callahan and four non-executive officer employees.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h)
under the Securities Act. The price per share and aggregate offering price are calculated on
the basis of $37.62 per share, the weighted average exercise price of the 485,000 shares
subject to outstanding stock option grants pursuant to inducement awards, at prices ranging
from $35.70 to $37.98 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the number of shares issuable pursuant to restricted stock unit awards granted as
inducement awards in connection with the employment of Mr.&nbsp;Jack F. Callahan and four
non-executive officer employees.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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

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

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










<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dean Foods Company has prepared this Registration Statement in accordance with the
requirements of Form S-8 under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;) to
register shares of its common stock, par value $0.01 per share (the
&#147;Common Stock&#148;). This
registration statement also includes a reoffer prospectus prepared in accordance with General
Instruction C of Form S-8 and in accordance with the requirements of Part&nbsp;I of Form S-3. The
reoffer prospectus may be used by the officers named therein for reoffers and resales on a
continuous or delayed basis in the future of up to 74,000 shares of Common Stock issuable pursuant
to restricted stock units previously granted as inducement awards.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;1. Plan Information.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information required by Item&nbsp;1 is included in documents sent or given to participants in
the plans covered by this registration statement pursuant to Rule&nbsp;428(b)(1) of the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The written statement required by Item&nbsp;2 is included in documents sent or given to
participants in the plans covered by this registration statement pursuant to Rule&nbsp;428(b)(1) of the
Securities Act.
</DIV>

<P align="center" style="font-size: 10pt">I-1
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reoffer Prospectus</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><IMG src="d37477d3747700.gif" alt="(DEAN FOODS LOGO)">

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DEAN FOODS COMPANY<BR>
2515 McKinney Avenue<BR>
Suite&nbsp;1200<BR>
Dallas, Texas 75201<BR>
(214)&nbsp;303-3400</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>74,000 shares of Common Stock</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The officers named in this prospectus (each, a &#147;Selling Stockholder&#148;), may offer and sell
from time to time, for their own accounts, up to 74,000 shares of our
common stock, par value $0.01 per share (the &#147;Shares&#148;)
issuable pursuant to restricted stock units granted as inducement awards. We will not receive any
of the proceeds from the sale of the Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders may offer for sale or sell the Shares in varying amounts through
public or private transactions at prevailing market prices or at privately negotiated prices.
Sales may be made through brokers or to dealers, who are expected to receive customary commissions
or discounts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders and participating brokers and dealers may be deemed to be
&#147;underwriters&#148; within the meaning of the Securities Act, in which event any profit on the sale of
Shares by the Selling Stockholders and any commissions or discounts received by those brokers or
dealers may be deemed to be underwriting compensation under the Securities Act. We are paying the expenses incurred in registering the
Shares, but all selling and other expenses are to be borne by the Selling Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is traded on the New York Stock Exchange under the symbol &#147;DF.&#148; On June&nbsp;27,
2006, the closing price of our Common Stock was $35.78.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investing in our common stock involves risks, which are detailed from time to time in the
periodic reports that we file with the Securities and Exchange Commission that we have incorporated
herein by reference.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the accuracy or adequacy of this
prospectus. Any representation to the contrary is a criminal offense.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this prospectus is June&nbsp;30, 2006.
</DIV>


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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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



<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You should rely only on the information contained in this prospectus and the documents incorporated
by reference in this prospectus. We have not authorized anyone to provide you with different
information. If anyone provides you with different or inconsistent information, you should not
rely on it. This prospectus does not constitute an offer to sell, or a solicitation of an offer to
purchase, the securities offered by this prospectus in any jurisdiction to or from any person to
whom or from whom it is unlawful to make such offer or solicitation of an offer in such
jurisdiction. You should not assume that the information contained in this prospectus or any
document incorporated by reference is accurate as of any date other than the date on the front
cover of the applicable document.
</DIV>







<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">Where You Can Find More Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Special Note Regarding Forward-Looking Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Dean Foods Company</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">Use of Proceeds</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">Selling Stockholders</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">Plan of Distribution</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107">Legal Matters</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#108">Experts</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless the context requires otherwise, references to &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; and the &#147;Company&#148;
refer collectively to Dean Foods Company and it consolidated subsidiaries.
</DIV>

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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WHERE YOU CAN FIND MORE INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We file annual, quarterly and current reports, proxy statements and other information with the
SEC. You may read and copy any document we file with the SEC at the SEC&#146;s Public Reference Room at
100 F Street, N.E., Washington, D.C. 20549. You may obtain further information on the operation of
the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available
to the public over the Internet at the SEC&#146;s web site at http://www.sec.gov. Our common stock is
listed on the New York Stock Exchange, and you may inspect our SEC filings at the offices of the
New York Stock Exchange, 20 Broad Street, New York, New York 10005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The SEC allows us to &#147;incorporate by reference&#148; into this prospectus the information we file
with the SEC, which means that we can disclose important information to you by referring you to
previously filed documents. The information incorporated by reference is considered to be part of
this prospectus, unless we update or supersede that information by the information contained in
this prospectus or any prospectus supplement or by information that we file subsequently that is
incorporated by reference into this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference into this prospectus the following documents or information filed
with the SEC (other than, in each case, documents or information deemed to have been furnished and
not filed in accordance with SEC rules):
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#159;</FONT></TD>
<TD width="1%">&nbsp;</TD>
    <TD width="98%"> Annual Report on Form 10-K for the year ended December&nbsp;31, 2005;</TD>
</TR>

<TR>
<TD></TD>
<TD><font style="font-size:6pt">&nbsp;</FOnt><BR></TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#159;</FONT></TD>
<TD></TD>
    <TD>Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2006;</TD>
</TR>

<TR>
<TD><font style="font-size:6pt">&nbsp;</FOnt><BR></TD>
<TD></TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#159;</FONT></TD>
<TD></TD>
    <TD>Current Reports on Form 8-K filed with the SEC on March&nbsp;8, 2006, April&nbsp;28, 2006, May
17, 2006 and May&nbsp;19, 2006;</TD>
</TR>

<TR>
<TD><font style="font-size:6pt">&nbsp;</FOnt></TD>
<TD></TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#159;</FONT></TD>
<TD></TD>
    <TD>The description of the securities contained in the registrant&#146;s registration statement
on Form 8-A filed under the Securities Exchange Act of 1934, as amended, including any
amendment or report filed for the purpose of updating such description; and</TD>
</TR>

<TR>
<TD><font style="font-size:6pt">&nbsp;</FOnt><BR></TD>
<TD></TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#159;</FONT></TD>
<TD></TD>
    <TD>All documents filed by the Company under Sections&nbsp;13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act of 1934 on or after the date of this prospectus and before the
termination of this offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus is part of a registration statement we have filed with the SEC. As permitted
by SEC rules, this prospectus does not contain all of the information included in the registration
statement and the accompanying exhibits and schedules we file with the SEC. You may refer to the
registration statement, the exhibits and schedules for more information about us and our common
stock. The registration statement, exhibits and schedules are also available at the SEC&#146;s Public
Reference Room or through its web site. In addition, we post the periodic reports that we file with
the SEC on our website at http://www.<I>deanfoods</I>.com. You may also obtain a copy of these filings, at
no cost, by writing to or telephoning us at the following address:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Dean Foods Company<BR>
2515 McKinney Avenue, Suite&nbsp;1200<BR>
Dallas, Texas 75201<BR>
(214)&nbsp;303-3400<BR>
Attention: Investor Relations
</DIV>


<P align="center" style="font-size: 10pt">1
</DIV>

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

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



<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus and the documents incorporated or deemed to be incorporated by reference
herein contain forward-looking statements that involve risks and uncertainties, including those
discussed under the caption &#147;Risk Factors&#148; in our annual reports on Form 10-K and our quarterly
reports on Form 10-Q. We develop forward-looking statements by combining currently available
information with our beliefs and assumptions. These statements relate to future events, including
our future performance, and often contain words like &#147;may,&#148; &#147;should,&#148; &#147;could,&#148; &#147;expects,&#148; &#147;seeks
to,&#148; &#147;anticipates,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;estimates,&#148; &#147;intends,&#148; &#147;predicts,&#148; &#147;projects,&#148;
&#147;potential&#148; or &#147;continue&#148; or the negative of such terms and other comparable terminology.
Forward-looking statements are inherently uncertain, and actual performance or results may differ
materially and adversely from that expressed in, or implied by, any such statements. Consequently,
you should recognize these statements for what they are and we caution you not to rely upon them as
facts.
</DIV>

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

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DEAN FOODS COMPANY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a leading food and beverage company. Our Dairy Group is the largest processor and
distributor of milk and various other dairy products in the United States. The Dairy Group
manufactures and sells its products under a variety of local and regional brand names and under
private labels. Our WhiteWave Foods Company manufactures, markets and sells a variety of well known
soy, dairy and dairy-related nationally branded products such as <I>Silk&#174; </I>soymilk and cultured soy
products<I>, Horizon Organic&#174; </I>dairy products, <I>International Delight&#174; </I>coffee creamers and <I>LAND O&#146;
LAKES&#174; </I>creamers and fluid dairy products. Our International Group is one of the largest processors
and distributors of fluid milk in Spain and Portugal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Dairy Group</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Dairy Group segment is our largest segment, with approximately 85% of our consolidated
sales in 2005. Our Dairy Group manufactures, markets and distributes a wide variety of branded and
private label dairy case products, such as milk, cream, ice cream, cultured dairy products and
juices to retailers, distributors, foodservice outlets, schools and governmental entities across
the United States. Due to the perishable nature of the Dairy Group&#146;s products, our Dairy Group
delivers the majority of its products directly to its customers&#146; stores in refrigerated trucks or
trailers that we own or lease. This form of delivery is called a &#147;direct store delivery&#148; or &#147;DSD&#148;
system and we believe we have one of the most extensive refrigerated DSD systems in the United
States. The Dairy Group sells its products primarily on a local or regional basis through its local
and regional sales forces, although some national customer relationships are coordinated by the
Dairy Group&#146;s corporate sales department. Most of the Dairy Group&#146;s customers, including its
largest customer, purchase products from the Dairy Group either by purchase order or pursuant to
contracts that are generally terminable at will by the customer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>WhiteWave Foods Company</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WhiteWave Foods Company manufactures, develops, markets and sells a variety of
nationally-branded soy, dairy and dairy-related products, such as <I>Silk </I>soymilk and cultured soy
products; <I>Horizon Organic </I>dairy and other products; <I>International Delight </I>coffee creamers; <I>LAND
O&#146;LAKES </I>creamers and fluid dairy products and <I>Rachel&#146;s Organic </I>dairy products. WhiteWave Foods
Company also sells <I>The Organic Cow&#174; </I>organic dairy products; <I>White Wave&#174; </I>and <I>Tofu Town&#174; </I>branded tofu
and <I>Hershey&#146;s&#174; </I>milks and milkshakes. We license the <I>LAND O&#146;LAKES </I>and <I>Hershey&#146;s </I>names from third
parties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>International Group</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our International Group, Leche Celta, does not qualify as a reportable segment. Leche Celta
manufactures, markets and sells private label and branded milk, butter and cream through its
internal sales force to retailers and distributors across Spain and Portugal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Corporate Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our principal executive offices are located at 2515 McKinney Avenue, Suite&nbsp;1200, Dallas, Texas
75201. Our telephone number is (214)&nbsp;303-3400. We maintain a worldwide web site at
<I>www.deanfoods.com. </I>Our website and the information contained on that site, or connected to that
site, are not incorporated into this prospectus, and you should not rely on any such information in
making your decision whether to purchase shares of our common stock. We were incorporated in
Delaware in 1994.
</DIV>


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

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

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



<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All proceeds from the sale of common stock offered pursuant to this Prospectus are solely for
the account of the Selling Stockholders. We will not receive any of the proceeds from any sale of
Shares by the Selling Stockholders.
</DIV>


<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="#tocpage">Table of Contents</A></H5><P>

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



<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SELLING STOCKHOLDERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to 74,000 shares of common stock issuable pursuant to restricted stock
units. Such shares are being registered for reoffers and resales by certain of our officers named
below, who acquired the restricted stock units pursuant to inducement awards.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the name and principal position or positions of the Selling Stockholders over
the past three years with the Company or our affiliates;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the number of shares of common stock the Selling Stockholders beneficially owned
as of June&nbsp;27, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the number of shares of common stock that may be offered for the Selling
Stockholders&#146; accounts pursuant to this Prospectus; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the number of shares of common stock and the percentage, if 1% or more, of the
total class of common stock outstanding to be beneficially owned by the Selling
Stockholders following this offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is no assurance that the Selling Stockholders will sell any or all of the shares offered
by them pursuant to this Prospectus. The information included in the table assumes that the Selling
Stockholders will elect to sell all of the shares set forth under &#147;Number of Shares Covered by this
Prospectus.&#148;
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<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">Number of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Number of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Shares</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Shares Beneficially Owned</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Shares</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Covered by</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">After this Offering</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name of Selling</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Position with the</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Beneficially</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">this Prospectus</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Percentage</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Stockholder</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Company</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Owned</TD>
    <TD>&nbsp;</TD>
    <TD align="center" style="border-bottom: 1px solid #000000">(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">(2)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jack F. Callahan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">39,500</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kelly Haecker</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WhiteWave Foods</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10,000</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Company - Senior Vice</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Finance</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven J. Kemps</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, </TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">7,500</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Deputy General </TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Counsel and Assistant</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> Secretary</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Christopher Sliva</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WhiteWave Foods</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">11,000</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Company &#150; Senior Vice</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Sales</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas
Zanetich</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WhiteWave Foods</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">26</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">6,000</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">26</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Company - Senior Vice </TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Human </TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resources</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Represents less than 1%.</TD>
</TR>

</TABLE>


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

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



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes restricted stock units, whether or not restricted as of, or within 60&nbsp;days of, the
date of this reoffer prospectus. None of the restricted stock units covered by this reoffer
prospectus are currently vested or will be vested within 60&nbsp;days of the date of this reoffer
prospectus. The restricted stock units vest ratably over a three or five-year term, beginning on
the first anniversary of the date of grant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Ownership percentages are based on 133,144,098 shares of common stock outstanding as of June&nbsp;27,
2006. Percentage ownership is calculated by dividing the number of shares beneficially owned by
the Selling Stockholders by the sum of the number of outstanding shares at such date and the number
of shares such person has the right to acquire upon exercise of options or warrants that are
currently exercisable or are exercisable on or before the date 60&nbsp;days after the date of filing.</TD>
</TR>

</TABLE>


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

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





<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders, or their pledgees, donees, transferees or other successors in
interest, may sell shares pursuant to this prospectus from time to time:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in transactions on the New York Stock Exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the public market off the New York Stock Exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in privately negotiated transactions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>through put or call options transactions relating to the shares; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in a combination of all such transactions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each sale may be made either at the market price prevailing at the time of sale or at a
negotiated price. Sales may be made through brokers or to dealers, and such brokers or dealers may
receive compensation in the form of commissions or discounts not exceeding those customary in
similar transactions. Any shares covered by this prospectus that qualify for sale pursuant to Rule
144 under the Securities Act may be sold under Rule&nbsp;144 rather than pursuant to this prospectus.
All expenses of registration incurred in connection with this offering are being borne by the
Company, but all brokerage commissions and other
expenses incurred by the Selling Stockholders will be borne by the Selling Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders and any dealer acting in connection with the offering or any broker
executing a sell order on behalf of the Selling Stockholder may be deemed to be &#147;underwriters&#148;
within the meaning of the Securities Act, in which event any profit on the sale of shares by the
Selling Stockholders and any commissions or discounts received by any such broker or dealer may be
deemed to be underwriting compensation under the Securities Act. In addition, any such broker or
dealer may be required to deliver a copy of this prospectus to any person who purchases any of the
shares from or through such broker or dealer.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LEGAL MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters with respect to the validity of the common stock will be passed upon for
us by Steven J. Kemps, our Senior Vice President, Deputy General Counsel and Assistant Secretary.
As of June&nbsp;27, 2006, Mr.&nbsp;Kemps does not beneficially own any shares of our common stock. Mr.&nbsp;Kemps
holds options to purchase 20,000 shares of common stock and 7,500 restricted stock units pursuant
to an inducement award, which options and restricted stock units are
being registered on the
registration statement of which this prospectus forms a part.
</DIV>

<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements and related consolidated financial statement schedules
of Dean Foods Company and subsidiaries (the &#147;Company&#148;) as of December&nbsp;31, 2005 and 2004, and for
each of the three years ended December&nbsp;31, 2005, 2004 and 2003, and management&#146;s report on the
effectiveness of internal control over financial reporting as of December&nbsp;31, 2005, incorporated in
this prospectus by reference to the Company&#146;s Annual Report on Form 10-K filed on March&nbsp;10, 2006,
have been audited by Deloitte &#038; Touche LLP, an independent registered public accounting firm, and
have been so incorporated by reference in reliance upon the reports of such firm given upon their
authority as experts in accounting and auditing.
</DIV>




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

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant is subject to the informational and reporting requirements of Sections&nbsp;13(a),
14, and 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and in
accordance therewith files reports, proxy statements and other information with the Securities and
Exchange Commission (the &#147;Commission&#148;). The following documents, which are on file with the
Commission, are incorporated in this registration statement by reference:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The registrant&#146;s latest annual report filed pursuant to Section 13(a) or 15(d) of the
Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that
contains audited financial statements for the registrant&#146;s latest fiscal year for which such
statements have been filed.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
end of the fiscal year covered by the document referred to in (a)&nbsp;above.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The description of the securities contained in the registrant&#146;s registration statements on
Form 8-A filed under the Exchange Act, including any amendment or report filed for the purpose of
updating such description.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the registrant 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 which indicates that
all securities offered hereby have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this registration statement and to be
part hereof from the date of the filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for the purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which also 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.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters with respect to the validity of the common stock will be passed upon for
us by Steven J. Kemps, our Senior Vice President, Deputy General Counsel and Assistant Secretary.
As of June&nbsp;27, 2006, Mr.&nbsp;Kemps does not beneficially own any shares of our common stock. Mr.&nbsp;Kemps
holds options to purchase 20,000 shares of common stock and 7,500 restricted stock units pursuant
to an inducement award, which options and restricted stock units are being registered on this
registration statement.
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law (&#147;DGCL&#148;) empowers a Delaware corporation
to indemnify any persons who were or are, or are threatened to be made, parties to any
</DIV>


<P align="center" style="font-size: 10pt">II-1
</DIV>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">threatened, pending or completed legal 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 such person is or was a director, officer, employee or agent of such
corporation, or is or was serving at the request of such corporation as a director, officer,
employee or agent of another corporation or enterprise. The indemnity may include expenses
(including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by such person in connection with such action, suit or proceeding; <I>provided,
that, </I>such officer or director acted in good faith and in a manner he reasonably believed to be in
or not opposed to the corporation&#146;s best interests, and, for criminal proceedings, had no
reasonable cause to believe his conduct was illegal. A Delaware corporation may indemnify officers
and directors in an action by or in the right of the corporation under the same conditions, except
that no indemnification is permitted without judicial approval if the officer or director is
adjudged to be liable to the corporation in the performance of his duty. Where an officer or
director is successful on the merits or otherwise in the defense of any action referred to above,
the corporation must indemnify him against the expenses which such officer or director actually and
reasonably incurred.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our restated certificate of incorporation, as amended, provides that we shall indemnify our
directors and officers to the fullest extent authorized by the DGCL as it exists or as it may be
amended to provide broader indemnification rights than previously permitted. However, we will
indemnify a director or officer in connection with a proceeding initiated by the director or
officer only if the proceeding was authorized by our board of directors. We will indemnify the
director or officer for expenses incurred in defending any proceeding in advance of final
disposition of the proceeding, which we refer to as &#147;advancement of expenses,&#148; provided that, if
required by the DGCL, we will advance these expenses only if the director or officer delivers an
undertaking to repay the amounts advanced if it is ultimately determined by non-appealable judicial
decision that the director or officer is not entitled to be indemnified. These rights to
indemnification and advancement of expenses are non-exclusive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant also maintains insurance coverage relating to certain liabilities of directors
and officers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The issuances of the shares of common stock being offered under the reoffer prospectus were
exempt from registration under the Securities Act in reliance upon Section&nbsp;4(2) of the Securities
Act as transactions not involving any public offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Exhibit&nbsp;Index immediately preceding the exhibits is incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;9. Undertakings.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U><I>Item&nbsp;</I><I>512(a)</I><I> of Regulation&nbsp;S-K</I></U>. The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&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,
</DIV>

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

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&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;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%"><I>provided, however, </I>that paragraphs (i)&nbsp;and (ii)&nbsp;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 Commission by the registrant pursuant to Section&nbsp;13 or Section
15(d) of the Exchange Act that are incorporated by reference in the registration statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 <I>bona fide </I>offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; text-indent:3%">2.&nbsp;<U><I>Item&nbsp;</I><I>512(b)</I><I> of Regulation&nbsp;S-K</I></U>. 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; text-indent:3%">3.&nbsp;<U><I>Item&nbsp;</I><I>512(h)</I><I> of Regulation&nbsp;S-K</I></U>. 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. 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.
</DIV>

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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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 Dallas, State of Texas on this 30th day of June, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">DEAN FOODS COMPANY</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ Ronald L. McCrummen</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ronald L. McCrummen</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Accounting Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY AND SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Dean Foods Company, hereby severally constitute
and appoint Gregg L. Engles, Michelle P. Goolsby and Steven J. Kemps, and each of them singly, our
true and lawful attorneys with full power to them, and each of them singly, to sign for us and in
our names in the capacities indicated below, the registration statement on Form S-8 filed herewith
and any and all subsequent amendments to said registration statement, and generally to do all such
things in our names and on our behalf in our capacities as officers and directors to enable Dean
Foods Company to comply with the provisions of the Securities Act of 1933, as amended, and all
requirements of the Securities and Exchange Commission, hereby ratifying and confirming our
signatures as they may be signed by our said attorneys, or any of them, to said registration
statement and any and all amendments thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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 as of June&nbsp;30, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size:10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ Gregg L. Engles</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Gregg L. Engles
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and Chairman
of the Board (Principal executive
officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Jack F. Callahan</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jack F. Callahan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief
Financial Officer (Principal
financial officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Ronald L. McCrummen</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ronald L. McCrummen
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief
Accounting Officer (Principal
accounting officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Alan Bernon</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Alan Bernon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size:10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ Lewis M. Collens</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lewis M. Collens
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/S/ Tom Davis</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Tom Davis
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Stephen L. Green</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Stephen L. Green
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Joseph S. Hardin, JR.</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph S. Hardin, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Janet Hill</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Janet Hill
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Ronald Kirk</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ronald Kirk
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ John S. Llewellyn, Jr.</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John S. Llewellyn, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ John Muse</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John Muse
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Hector M. Nevares</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Hector M. Nevares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Pete Schenkel</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Pete Schenkel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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"><FONT style="font-variant: SMALL-CAPS">/s/ Jim Turner</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jim Turner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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

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

<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size:10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights Agreement dated March&nbsp;6, 1998 among the Registrant and Harris Trust &#038;
Savings Bank, as rights agent (Incorporated by reference from the Registration
Statement on Form&nbsp;8-A filed on March&nbsp;10, 1998 (File No.&nbsp;1-12755)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment No.&nbsp;1 to Rights Agreement dated May&nbsp;26, 2004 by and between the
Registrant and The Bank of New York, as rights agent (Incorporated by reference
from the Registration Statement on Form 8-A/A filed on May&nbsp;27, 2004 (File No.&nbsp;1-12755)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Steven J. Kemps, Deputy General Counsel of Dean.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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 Steven J. Kemps, Deputy General Counsel of Dean (included in Exhibit&nbsp;5).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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 Deloitte &#038; Touche LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of attorney (included on the signature pages of this registration statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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

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sv8
Table of Contents
As filed with the Securities and Exchange Commission on June 30, 2006
Registration No. 333-_____
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
Dean Foods Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware
77-2559681
(State or Other Jurisdiction of Incorporation
(I.R.S. Employer
or Organization)
Identification No.)
2515 McKinney Avenue, Suite 1200
Dallas, Texas 75201
(Address, including Zip Code, of Principal Executive Offices)
Inducement Stock Option and Restricted Stock Unit Awards Plan
Inducement Stock Option and Restricted Stock Unit Awards
(Full Title of the Plan)
Michelle P. Goolsby
Executive Vice President, Chief Administrative Officer,
General Counsel and Corporate Secretary
Dean Foods Company
2515 McKinney Avenue, Suite 1200
Dallas, Texas 75201
(Name and Address of Agent For Service)
(214) 303-3400
(Telephone Number, Including Area Code, of Agent For Service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Amount of
Title of Securities to be
Amount to be
Maximum Offering
Aggregate
Registration
Registered
Registered(1)
Price Per Share
Offering Price
Fee
Common Stock, $0.01
par value per share
("Common Stock")
(including the
associated Stock
Purchase Rights)
1,200,000(2)
$35.84(3)
$43,008,000(3)
$4,601.86
Common Stock
(including the
associated Stock
Purchase Rights)
485,000(4)
$35.70-$37.98 (5)
$18,245,700(5)
$1,952.29
Common Stock
(including the
associated Stock
Purchase Rights)
74,000(6)
$35.84(3)
$2,652,160(3)
$283.78
Total
1,759,000
N/A
$63,905,860
$6,837.93
(1)
In accordance with Rule 416 under the Securities Act of 1933, as amended (the "Securities
Act"), this registration statement shall be deemed to cover any additional securities that may
from time to time be offered or issued to prevent dilution resulting from stock splits, stock
dividends or similar transactions.
(2)
Represents the amount of shares to be issued under the Inducement Stock Option and Restricted
Stock Unit Awards Plan as inducement of employment in connection with the employment of newly
hired employees.
(3)
Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
and 457(h) of the Securities Act, and based upon the average of the high and low prices of the
Registrant's Common Stock as reported on the New York Stock
Exchange on June 27, 2006.
(4)
Represents the number of shares issuable pursuant to stock option awards granted as
inducement awards in connection with the employment of Mr. Joseph E. Scalzo, Mr. Jack F.
Callahan and four non-executive officer employees.
(5)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h)
under the Securities Act. The price per share and aggregate offering price are calculated on
the basis of $37.62 per share, the weighted average exercise price of the 485,000 shares
subject to outstanding stock option grants pursuant to inducement awards, at prices ranging
from $35.70 to $37.98 per share.
(6)
Represents the number of shares issuable pursuant to restricted stock unit awards granted as
inducement awards in connection with the employment of Mr. Jack F. Callahan and four
non-executive officer employees.
Table of Contents
EXPLANATORY NOTE
Dean Foods Company has prepared this Registration Statement in accordance with the
requirements of Form S-8 under the Securities Act of 1933, as amended (the "Securities Act") to
register shares of its common stock, par value $0.01 per share (the
"Common Stock"). This
registration statement also includes a reoffer prospectus prepared in accordance with General
Instruction C of Form S-8 and in accordance with the requirements of Part I of Form S-3. The
reoffer prospectus may be used by the officers named therein for reoffers and resales on a
continuous or delayed basis in the future of up to 74,000 shares of Common Stock issuable pursuant
to restricted stock units previously granted as inducement awards.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
The information required by Item 1 is included in documents sent or given to participants in
the plans covered by this registration statement pursuant to Rule 428(b)(1) of the Securities Act.
Item 2. Registrant Information and Employee Plan Annual Information.
The written statement required by Item 2 is included in documents sent or given to
participants in the plans covered by this registration statement pursuant to Rule 428(b)(1) of the
Securities Act.
I-1
Table of Contents
Reoffer Prospectus
DEAN FOODS COMPANY
2515 McKinney Avenue
Suite 1200
Dallas, Texas 75201
(214) 303-3400
74,000 shares of Common Stock
The officers named in this prospectus (each, a "Selling Stockholder"), may offer and sell
from time to time, for their own accounts, up to 74,000 shares of our
common stock, par value $0.01 per share (the "Shares")
issuable pursuant to restricted stock units granted as inducement awards. We will not receive any
of the proceeds from the sale of the Shares.
The Selling Stockholders may offer for sale or sell the Shares in varying amounts through
public or private transactions at prevailing market prices or at privately negotiated prices.
Sales may be made through brokers or to dealers, who are expected to receive customary commissions
or discounts.
The Selling Stockholders and participating brokers and dealers may be deemed to be
"underwriters" within the meaning of the Securities Act, in which event any profit on the sale of
Shares by the Selling Stockholders and any commissions or discounts received by those brokers or
dealers may be deemed to be underwriting compensation under the Securities Act. We are paying the expenses incurred in registering the
Shares, but all selling and other expenses are to be borne by the Selling Stockholders.
Our common stock is traded on the New York Stock Exchange under the symbol "DF." On June 27,
2006, the closing price of our Common Stock was $35.78.
Investing in our common stock involves risks, which are detailed from time to time in the
periodic reports that we file with the Securities and Exchange Commission that we have incorporated
herein by reference.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the accuracy or adequacy of this
prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus is June 30, 2006.
You should rely only on the information contained in this prospectus and the documents incorporated
by reference in this prospectus. We have not authorized anyone to provide you with different
information. If anyone provides you with different or inconsistent information, you should not
rely on it. This prospectus does not constitute an offer to sell, or a solicitation of an offer to
purchase, the securities offered by this prospectus in any jurisdiction to or from any person to
whom or from whom it is unlawful to make such offer or solicitation of an offer in such
jurisdiction. You should not assume that the information contained in this prospectus or any
document incorporated by reference is accurate as of any date other than the date on the front
cover of the applicable document.
TABLE OF CONTENTS
Page
Where You Can Find More Information
1
Special Note Regarding Forward-Looking Statements
2
Dean Foods Company
3
Use of Proceeds
4
Selling Stockholders
5
Plan of Distribution
7
Legal Matters
7
Experts
7
Unless the context requires otherwise, references to "we," "us," "our," and the "Company"
refer collectively to Dean Foods Company and it consolidated subsidiaries.
i
Table of Contents
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements and other information with the
SEC. You may read and copy any document we file with the SEC at the SEC's Public Reference Room at
100 F Street, N.E., Washington, D.C. 20549. You may obtain further information on the operation of
the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available
to the public over the Internet at the SEC's web site at http://www.sec.gov. Our common stock is
listed on the New York Stock Exchange, and you may inspect our SEC filings at the offices of the
New York Stock Exchange, 20 Broad Street, New York, New York 10005.
The SEC allows us to "incorporate by reference" into this prospectus the information we file
with the SEC, which means that we can disclose important information to you by referring you to
previously filed documents. The information incorporated by reference is considered to be part of
this prospectus, unless we update or supersede that information by the information contained in
this prospectus or any prospectus supplement or by information that we file subsequently that is
incorporated by reference into this prospectus.
We incorporate by reference into this prospectus the following documents or information filed
with the SEC (other than, in each case, documents or information deemed to have been furnished and
not filed in accordance with SEC rules):
Ÿ
Annual Report on Form 10-K for the year ended December 31, 2005;
Ÿ
Quarterly Report on Form 10-Q for the quarter ended March 31, 2006;
Ÿ
Current Reports on Form 8-K filed with the SEC on March 8, 2006, April 28, 2006, May
17, 2006 and May 19, 2006;
Ÿ
The description of the securities contained in the registrant's registration statement
on Form 8-A filed under the Securities Exchange Act of 1934, as amended, including any
amendment or report filed for the purpose of updating such description; and
Ÿ
All documents filed by the Company under Sections 13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act of 1934 on or after the date of this prospectus and before the
termination of this offering.
This prospectus is part of a registration statement we have filed with the SEC. As permitted
by SEC rules, this prospectus does not contain all of the information included in the registration
statement and the accompanying exhibits and schedules we file with the SEC. You may refer to the
registration statement, the exhibits and schedules for more information about us and our common
stock. The registration statement, exhibits and schedules are also available at the SEC's Public
Reference Room or through its web site. In addition, we post the periodic reports that we file with
the SEC on our website at http://www.
deanfoods
.com. You may also obtain a copy of these filings, at
no cost, by writing to or telephoning us at the following address:
Dean Foods Company
2515 McKinney Avenue, Suite 1200
Dallas, Texas 75201
(214) 303-3400
Attention: Investor Relations
1
Table of Contents
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus and the documents incorporated or deemed to be incorporated by reference
herein contain forward-looking statements that involve risks and uncertainties, including those
discussed under the caption "Risk Factors" in our annual reports on Form 10-K and our quarterly
reports on Form 10-Q. We develop forward-looking statements by combining currently available
information with our beliefs and assumptions. These statements relate to future events, including
our future performance, and often contain words like "may," "should," "could," "expects," "seeks
to," "anticipates," "plans," "believes," "estimates," "intends," "predicts," "projects,"
"potential" or "continue" or the negative of such terms and other comparable terminology.
Forward-looking statements are inherently uncertain, and actual performance or results may differ
materially and adversely from that expressed in, or implied by, any such statements. Consequently,
you should recognize these statements for what they are and we caution you not to rely upon them as
facts.
2
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DEAN FOODS COMPANY
We are a leading food and beverage company. Our Dairy Group is the largest processor and
distributor of milk and various other dairy products in the United States. The Dairy Group
manufactures and sells its products under a variety of local and regional brand names and under
private labels. Our WhiteWave Foods Company manufactures, markets and sells a variety of well known
soy, dairy and dairy-related nationally branded products such as
Silk®
soymilk and cultured soy
products
, Horizon Organic®
dairy products,
International Delight®
coffee creamers and
LAND O'
LAKES®
creamers and fluid dairy products. Our International Group is one of the largest processors
and distributors of fluid milk in Spain and Portugal.
Dairy Group
Our Dairy Group segment is our largest segment, with approximately 85% of our consolidated
sales in 2005. Our Dairy Group manufactures, markets and distributes a wide variety of branded and
private label dairy case products, such as milk, cream, ice cream, cultured dairy products and
juices to retailers, distributors, foodservice outlets, schools and governmental entities across
the United States. Due to the perishable nature of the Dairy Group's products, our Dairy Group
delivers the majority of its products directly to its customers' stores in refrigerated trucks or
trailers that we own or lease. This form of delivery is called a "direct store delivery" or "DSD"
system and we believe we have one of the most extensive refrigerated DSD systems in the United
States. The Dairy Group sells its products primarily on a local or regional basis through its local
and regional sales forces, although some national customer relationships are coordinated by the
Dairy Group's corporate sales department. Most of the Dairy Group's customers, including its
largest customer, purchase products from the Dairy Group either by purchase order or pursuant to
contracts that are generally terminable at will by the customer.
WhiteWave Foods Company
WhiteWave Foods Company manufactures, develops, markets and sells a variety of
nationally-branded soy, dairy and dairy-related products, such as
Silk
soymilk and cultured soy
products;
Horizon Organic
dairy and other products;
International Delight
coffee creamers;
LAND
O'LAKES
creamers and fluid dairy products and
Rachel's Organic
dairy products. WhiteWave Foods
Company also sells
The Organic Cow®
organic dairy products;
White Wave®
and
Tofu Town®
branded tofu
and
Hershey's®
milks and milkshakes. We license the
LAND O'LAKES
and
Hershey's
names from third
parties.
International Group
Our International Group, Leche Celta, does not qualify as a reportable segment. Leche Celta
manufactures, markets and sells private label and branded milk, butter and cream through its
internal sales force to retailers and distributors across Spain and Portugal.
Corporate Information
Our principal executive offices are located at 2515 McKinney Avenue, Suite 1200, Dallas, Texas
75201. Our telephone number is (214) 303-3400. We maintain a worldwide web site at
www.deanfoods.com.
Our website and the information contained on that site, or connected to that
site, are not incorporated into this prospectus, and you should not rely on any such information in
making your decision whether to purchase shares of our common stock. We were incorporated in
Delaware in 1994.
3
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USE OF PROCEEDS
All proceeds from the sale of common stock offered pursuant to this Prospectus are solely for
the account of the Selling Stockholders. We will not receive any of the proceeds from any sale of
Shares by the Selling Stockholders.
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SELLING STOCKHOLDERS
This prospectus relates to 74,000 shares of common stock issuable pursuant to restricted stock
units. Such shares are being registered for reoffers and resales by certain of our officers named
below, who acquired the restricted stock units pursuant to inducement awards.
The following table sets forth:
•
the name and principal position or positions of the Selling Stockholders over
the past three years with the Company or our affiliates;
•
the number of shares of common stock the Selling Stockholders beneficially owned
as of June 27, 2006;
•
the number of shares of common stock that may be offered for the Selling
Stockholders' accounts pursuant to this Prospectus; and
•
the number of shares of common stock and the percentage, if 1% or more, of the
total class of common stock outstanding to be beneficially owned by the Selling
Stockholders following this offering.
There is no assurance that the Selling Stockholders will sell any or all of the shares offered
by them pursuant to this Prospectus. The information included in the table assumes that the Selling
Stockholders will elect to sell all of the shares set forth under "Number of Shares Covered by this
Prospectus."
Number of
Number of
Shares
Shares Beneficially Owned
Shares
Covered by
After this Offering
Name of Selling
Position with the
Beneficially
this Prospectus
Percentage
Stockholder
Company
Owned
(1)
Number
(2)
Jack F. Callahan
Executive Vice
—
39,500
—
0%
President and Chief
Financial Officer
Kelly Haecker
WhiteWave Foods
—
10,000
—
0%
Company - Senior Vice
President - Finance
Steven J. Kemps
Senior Vice President,
—
7,500
—
0%
Deputy General
Counsel and Assistant
Secretary
Christopher Sliva
WhiteWave Foods
—
11,000
—
0%
Company – Senior Vice
President - Sales
Thomas
Zanetich
WhiteWave Foods
26
6,000
26
*
Company - Senior Vice
President - Human
Resources
*
Represents less than 1%.
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(1)
Includes restricted stock units, whether or not restricted as of, or within 60 days of, the
date of this reoffer prospectus. None of the restricted stock units covered by this reoffer
prospectus are currently vested or will be vested within 60 days of the date of this reoffer
prospectus. The restricted stock units vest ratably over a three or five-year term, beginning on
the first anniversary of the date of grant.
(2)
Ownership percentages are based on 133,144,098 shares of common stock outstanding as of June 27,
2006. Percentage ownership is calculated by dividing the number of shares beneficially owned by
the Selling Stockholders by the sum of the number of outstanding shares at such date and the number
of shares such person has the right to acquire upon exercise of options or warrants that are
currently exercisable or are exercisable on or before the date 60 days after the date of filing.
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PLAN OF DISTRIBUTION
The Selling Stockholders, or their pledgees, donees, transferees or other successors in
interest, may sell shares pursuant to this prospectus from time to time:
•
in transactions on the New York Stock Exchange;
•
in the public market off the New York Stock Exchange;
•
in privately negotiated transactions;
•
through put or call options transactions relating to the shares; or
•
in a combination of all such transactions.
Each sale may be made either at the market price prevailing at the time of sale or at a
negotiated price. Sales may be made through brokers or to dealers, and such brokers or dealers may
receive compensation in the form of commissions or discounts not exceeding those customary in
similar transactions. Any shares covered by this prospectus that qualify for sale pursuant to Rule
144 under the Securities Act may be sold under Rule 144 rather than pursuant to this prospectus.
All expenses of registration incurred in connection with this offering are being borne by the
Company, but all brokerage commissions and other
expenses incurred by the Selling Stockholders will be borne by the Selling Stockholders.
The Selling Stockholders and any dealer acting in connection with the offering or any broker
executing a sell order on behalf of the Selling Stockholder may be deemed to be "underwriters"
within the meaning of the Securities Act, in which event any profit on the sale of shares by the
Selling Stockholders and any commissions or discounts received by any such broker or dealer may be
deemed to be underwriting compensation under the Securities Act. In addition, any such broker or
dealer may be required to deliver a copy of this prospectus to any person who purchases any of the
shares from or through such broker or dealer.
LEGAL MATTERS
Certain legal matters with respect to the validity of the common stock will be passed upon for
us by Steven J. Kemps, our Senior Vice President, Deputy General Counsel and Assistant Secretary.
As of June 27, 2006, Mr. Kemps does not beneficially own any shares of our common stock. Mr. Kemps
holds options to purchase 20,000 shares of common stock and 7,500 restricted stock units pursuant
to an inducement award, which options and restricted stock units are
being registered on the
registration statement of which this prospectus forms a part.
EXPERTS
The consolidated financial statements and related consolidated financial statement schedules
of Dean Foods Company and subsidiaries (the "Company") as of December 31, 2005 and 2004, and for
each of the three years ended December 31, 2005, 2004 and 2003, and management's report on the
effectiveness of internal control over financial reporting as of December 31, 2005, incorporated in
this prospectus by reference to the Company's Annual Report on Form 10-K filed on March 10, 2006,
have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, and
have been so incorporated by reference in reliance upon the reports of such firm given upon their
authority as experts in accounting and auditing.
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Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The registrant is subject to the informational and reporting requirements of Sections 13(a),
14, and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and in
accordance therewith files reports, proxy statements and other information with the Securities and
Exchange Commission (the "Commission"). The following documents, which are on file with the
Commission, are incorporated in this registration statement by reference:
(a) The registrant's latest annual report filed pursuant to Section 13(a) or 15(d) of the
Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that
contains audited financial statements for the registrant's latest fiscal year for which such
statements have been filed.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
end of the fiscal year covered by the document referred to in (a) above.
(c) The description of the securities contained in the registrant's registration statements on
Form 8-A filed under the Exchange Act, including any amendment or report filed for the purpose of
updating such description.
All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
all securities offered hereby have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this registration statement and to be
part hereof from the date of the filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for the purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which also 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.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Certain legal matters with respect to the validity of the common stock will be passed upon for
us by Steven J. Kemps, our Senior Vice President, Deputy General Counsel and Assistant Secretary.
As of June 27, 2006, Mr. Kemps does not beneficially own any shares of our common stock. Mr. Kemps
holds options to purchase 20,000 shares of common stock and 7,500 restricted stock units pursuant
to an inducement award, which options and restricted stock units are being registered on this
registration statement.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law ("DGCL") empowers a Delaware corporation
to indemnify any persons who were or are, or are threatened to be made, parties to any
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threatened, pending or completed legal 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 such person is or was a director, officer, employee or agent of such
corporation, or is or was serving at the request of such corporation as a director, officer,
employee or agent of another corporation or enterprise. The indemnity may include 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;
provided,
that,
such officer or director acted in good faith and in a manner he reasonably believed to be in
or not opposed to the corporation's best interests, and, for criminal proceedings, had no
reasonable cause to believe his conduct was illegal. A Delaware corporation may indemnify officers
and directors in an action by or in the right of the corporation under the same conditions, except
that no indemnification is permitted without judicial approval if the officer or director is
adjudged to be liable to the corporation in the performance of his duty. Where an officer or
director is successful on the merits or otherwise in the defense of any action referred to above,
the corporation must indemnify him against the expenses which such officer or director actually and
reasonably incurred.
Our restated certificate of incorporation, as amended, provides that we shall indemnify our
directors and officers to the fullest extent authorized by the DGCL as it exists or as it may be
amended to provide broader indemnification rights than previously permitted. However, we will
indemnify a director or officer in connection with a proceeding initiated by the director or
officer only if the proceeding was authorized by our board of directors. We will indemnify the
director or officer for expenses incurred in defending any proceeding in advance of final
disposition of the proceeding, which we refer to as "advancement of expenses," provided that, if
required by the DGCL, we will advance these expenses only if the director or officer delivers an
undertaking to repay the amounts advanced if it is ultimately determined by non-appealable judicial
decision that the director or officer is not entitled to be indemnified. These rights to
indemnification and advancement of expenses are non-exclusive.
The Registrant also maintains insurance coverage relating to certain liabilities of directors
and officers.
Item 7. Exemption from Registration Claimed.
The issuances of the shares of common stock being offered under the reoffer prospectus were
exempt from registration under the Securities Act in reliance upon Section 4(2) of the Securities
Act as transactions not involving any public offering.
Item 8. Exhibits.
The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.
Item 9. Undertakings.
1.
Item
512(a)
of Regulation S-K
. 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,
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individually or in the aggregate, represent a fundamental change in the information set
forth in the 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 (i) and (ii) 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 Commission 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.
2.
Item
512(b)
of Regulation S-K
. 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.
3.
Item
512(h)
of Regulation S-K
. 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. 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 Dallas, State of Texas on this 30th day of June, 2006.
DEAN FOODS COMPANY
By:
/s/ Ronald L. McCrummen
Ronald L. McCrummen
Senior Vice President and
Chief Accounting Officer
POWER OF ATTORNEY AND SIGNATURES
We, the undersigned officers and directors of Dean Foods Company, hereby severally constitute
and appoint Gregg L. Engles, Michelle P. Goolsby and Steven J. Kemps, and each of them singly, our
true and lawful attorneys with full power to them, and each of them singly, to sign for us and in
our names in the capacities indicated below, the registration statement on Form S-8 filed herewith
and any and all subsequent amendments to said registration statement, and generally to do all such
things in our names and on our behalf in our capacities as officers and directors to enable Dean
Foods Company to comply with the provisions of the Securities Act of 1933, as amended, and all
requirements of the Securities and Exchange Commission, hereby ratifying and confirming our
signatures as they may be signed by our said attorneys, or any of them, to said registration
statement and any and all amendments thereto.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities indicated as of June 30, 2006.
Signature
Title
/s/ Gregg L. Engles
Gregg L. Engles
Chief Executive Officer and Chairman
of the Board (Principal executive
officer)
/s/ Jack F. Callahan
Jack F. Callahan
Executive Vice President and Chief
Financial Officer (Principal
financial officer)
/s/ Ronald L. McCrummen
Ronald L. McCrummen
Senior Vice President and Chief
Accounting Officer (Principal
accounting officer)
/s/ Alan Bernon
Alan Bernon
Director
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Signature
Title
/s/ Lewis M. Collens
Lewis M. Collens
Director
/S/ Tom Davis
Tom Davis
Director
/s/ Stephen L. Green
Stephen L. Green
Director
/s/ Joseph S. Hardin, JR.
Joseph S. Hardin, Jr.
Director
/s/ Janet Hill
Janet Hill
Director
/s/ Ronald Kirk
Ronald Kirk
Director
/s/ John S. Llewellyn, Jr.
John S. Llewellyn, Jr.
Director
/s/ John Muse
John Muse
Director
/s/ Hector M. Nevares
Hector M. Nevares
Director
/s/ Pete Schenkel
Pete Schenkel
Director
/s/ Jim Turner
Jim Turner
Director
Table of Contents
INDEX TO EXHIBITS
Number
Description
4.1
Rights Agreement dated March 6, 1998 among the Registrant and Harris Trust &
Savings Bank, as rights agent (Incorporated by reference from the Registration
Statement on Form 8-A filed on March 10, 1998 (File No. 1-12755)).
4.2
Amendment No. 1 to Rights Agreement dated May 26, 2004 by and between the
Registrant and The Bank of New York, as rights agent (Incorporated by reference
from the Registration Statement on Form 8-A/A filed on May 27, 2004 (File No. 1-12755)).
5
Opinion of Steven J. Kemps, Deputy General Counsel of Dean.
23.1
Consent of Steven J. Kemps, Deputy General Counsel of Dean (included in Exhibit 5).
23.2
Consent of Deloitte & Touche LLP.
24
Power of attorney (included on the signature pages of this registration statement).