<HTML><HEAD><TITLE>September 2003 Form S-8</TITLE><!-- Licensed to: MBNA Corp--><!-- Document Created using EDGARIZER HTML --><!-- Copy Right 2003 EDGARfilings, Ltd., an IEC company.--><!-- All rights reserved EDGARfilings.com -->
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">FORM S-8</FONT></DIV>
<DIV align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">REGISTRATION STATEMENT </FONT><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">UNDER </FONT><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">THE SECURITIES ACT OF 1933</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">MBNA CORPORATION</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(Exact name of registrant as specified in its charter)</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Maryland</FONT> </DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">52-1713008</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(State or other jurisdiction of </FONT></DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">incorporation or organization)</FONT> </DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(I.R.S. Employer</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">Identification No.)</FONT> </DIV></TD></TR>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">1100 North King Street</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Wilmington, Delaware</FONT> </DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">19884</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(Address of Principal Executive Offices)</FONT> </DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(Zip Code)</FONT> </DIV></TD></TR></TABLE></DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">MBNA Corporation 1997 Long Term Incentive Plan</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(Full title of the plan)</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">John W. Scheflen</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Chief Counsel</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">MBNA Corporation</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">1100 North King Street</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Wilmington, Delaware 19884</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times Roman">(Name and address of agent for service)</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">(302) 432-1100</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Calculation of Registration Fee</FONT> </DIV>
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Title of each class of securities to be registered</FONT> </DIV></TD>
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Amount to be registered</FONT> </DIV></TD>
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&nbsp;Proposed maximum offering price per share</FONT> </DIV></TD>
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&nbsp;Proposed maximum aggregate offering price</FONT> </DIV></TD>
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&nbsp;Amount of registration fee</FONT> </DIV></TD></TR>
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&nbsp;Common Stock $.01 Par Value</FONT> </DIV></TD>
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&nbsp;40,000,000</FONT> </DIV></TD>
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&nbsp;$24.08*</FONT> </DIV></TD>
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&nbsp;$963,200,000</FONT> </DIV></TD>
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&nbsp;$77,923</FONT> </DIV></TD></TR>
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<FONT size=2>&nbsp;</FONT><FONT size=2>&nbsp;</FONT><FONT size=2>&nbsp;</FONT><FONT size=2>&nbsp;</FONT><FONT size=2>&nbsp;</FONT></TD></TR></TABLE></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">*&nbsp;Calculated solely for the purpose of computing the registration fee pursuant to Rule 457(c) and (h). Based upon the average of the high </FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">&nbsp;&nbsp;&nbsp;and low prices of MBNA Corporation Common Stock on the New York Stock Exchange, Inc. on September 17, 2003.</FONT> </DIV>
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<TD align=middle width="33%"><FONT size=1>&nbsp;</FONT></TD>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Pursuant to General Instruction E to Form S-8, this Registration Statement on Form S-8 incorporates by reference the contents of the Registration Statement on Form S-8, Registration No. 333-06824 filed with the Securities and Exchange Commission on April 22, 1997.</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Part II</FONT> </DIV>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Item 5.</FONT><FONT id=TAB2 style="COLOR: black; LETTER-SPACING: 17.7pt">&nbsp;&nbsp;</FONT>&nbsp;<FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Interests of Named Experts and Counsel.</FONT> </DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">John W. Scheflen, Chief Counsel of the Corporation, acted as counsel for the Corporation in connection with the Registration Statement and opined on the validity of the shares to be issued and sold by the Corporation pursuant hereto. As of September&nbsp;22, 2003, Mr. Scheflen owned beneficially 1,829,728 shares of the Corporation&#146;s Common Stock, including shares issuable upon exercise of employee stock options within 60 days.</FONT> </DIV>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Item 8</FONT><FONT id=TAB2 style="COLOR: black; LETTER-SPACING: 20.2pt">&nbsp;&nbsp;</FONT>&nbsp;<FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Exhibits.</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Description</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">5</FONT> </DIV></TD>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Opinion of John W. Scheflen, Esquire</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">23A</FONT> </DIV></TD>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Consent of John W. Scheflen, Esquire</FONT> </DIV>
<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">(included in Exhibit 5)</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">23B</FONT> </DIV></TD>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Consent of Ernst &amp; Young LLP</FONT> </DIV></TD></TR>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">24</FONT> </DIV></TD>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Power of Attorney</FONT> </DIV></TD></TR></TABLE></DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">SIGNATURES</FONT> </DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">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 Wilmington, State of Delaware, on the 23rd day of September, 2003.</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">MBNA CORPORATION</FONT> </DIV></TD></TR>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=center>&nbsp;</DIV></TD></TR>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">By:</FONT> </DIV></TD>
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<DIV align=right><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">/s/</FONT> </DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Charles M. Cawley</FONT></DIV></TD></TR>
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&nbsp;</TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Charles M. Cawley</FONT></DIV></TD></TR>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Chief Executive Officer</FONT></DIV></TD></TR>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=center>&nbsp;</DIV></TD></TR></TABLE></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.</FONT> </DIV>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Date</FONT> </DIV></TD></TR>
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<DIV align=left>&nbsp;</DIV></TD>
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<DIV align=center>&nbsp;</DIV></TD></TR>
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<P align=right><FONT size=2>/s/</FONT></P></TD>
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<P align=center><FONT size=2>Charles M. Cawley</FONT></P></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">September 23, 2003</FONT></DIV></TD></TR>
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<FONT size=2>&nbsp;</FONT></TD>
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Charles M. Cawley</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Chief Executive Officer, President and Director</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">(principal executive officer)</FONT> </DIV></TD>
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<DIV align=left>&nbsp;</DIV></TD></TR>
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<P align=right><FONT size=2>/s/</FONT></P></TD>
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<P align=center><FONT size=2>Vernon H.C. Wright</FONT></P></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">September 23, 2003</FONT></DIV></TD></TR>
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<FONT size=2>&nbsp;</FONT></TD>
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&nbsp;Vernon H.C. Wright</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Chief Financial Officer</FONT> </DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">(principal financial and accounting officer)</FONT> </DIV></TD>
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<DIV align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">The Board of Directors:</FONT> </DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 12.3pt; MARGIN-RIGHT: 0pt; WHITE-SPACE: pre" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Randolph D. Lerner, James H. Berick, Charles M. Cawley, Benjamin R. Civiletti, William L. Jews, Norma Lerner, Stuart L. Markowitz, William B. Milstead and Michael Rosenthal.</FONT> </DIV>
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<TD vAlign=top width="5%"><FONT size=2>By:</FONT></TD>
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<DIV align=right><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">/s/</FONT> </DIV></TD>
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<P align=center><FONT size=2>John W. Scheflen</FONT></P></TD>
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<TD vAlign=top width="18%"><FONT size=2>September 23, 2003</FONT></TD></TR>
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John W. Scheflen</FONT></DIV></TD>
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<DIV align=center><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times Roman">Attorney-in-Fact</FONT> </DIV></TD>
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{"company-data": {"conformed-name": "MBNA CORP", "cik": "0000870517", "assigned-sic": "6021", "irs-number": "521713008", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-109035", "film-number": "03905422"}, "business-address": {"street1": "1100 N KING ST", "street2": "C/O MBNA AMERICA BANK NA", "city": "WILMINGTON", "state": "DE", "zip": "19884", "phone": "8003626255"}, "mail-address": {"street1": "1100 NORTH KING STREET", "city": "WILMINGTON", "state": "DE", "zip": "19884"}}
September 2003 Form S-8
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MBNA CORPORATION
(Exact name of registrant as specified in its charter)
Maryland
52-1713008
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
1100 North King Street
Wilmington, Delaware
19884
(Address of Principal Executive Offices)
(Zip Code)
MBNA Corporation 1997 Long Term Incentive Plan
(Full title of the plan)
John W. Scheflen
Chief Counsel
MBNA Corporation
1100 North King Street
Wilmington, Delaware 19884
(Name and address of agent for service)
(302) 432-1100
(Telephone number, including area code, of agent for service)
Calculation of Registration Fee
Title of each class of securities to be registered
Amount to be registered
Proposed maximum offering price per share
Proposed maximum aggregate offering price
Amount of registration fee
Common Stock $.01 Par Value
40,000,000
$24.08*
$963,200,000
$77,923
* Calculated solely for the purpose of computing the registration fee pursuant to Rule 457(c) and (h). Based upon the average of the high
and low prices of MBNA Corporation Common Stock on the New York Stock Exchange, Inc. on September 17, 2003.
Pursuant to General Instruction E to Form S-8, this Registration Statement on Form S-8 incorporates by reference the contents of the Registration Statement on Form S-8, Registration No. 333-06824 filed with the Securities and Exchange Commission on April 22, 1997.
Part II
Item 5.
Interests of Named Experts and Counsel.
John W. Scheflen, Chief Counsel of the Corporation, acted as counsel for the Corporation in connection with the Registration Statement and opined on the validity of the shares to be issued and sold by the Corporation pursuant hereto. As of September 22, 2003, Mr. Scheflen owned beneficially 1,829,728 shares of the Corporation's Common Stock, including shares issuable upon exercise of employee stock options within 60 days.
Item 8
Exhibits.
Exhibit Number
Description
5
Opinion of John W. Scheflen, Esquire
23A
Consent of John W. Scheflen, Esquire
(included in Exhibit 5)
23B
Consent of Ernst & Young LLP
24
Power of Attorney
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 Wilmington, State of Delaware, on the 23rd day of September, 2003.
MBNA CORPORATION
By:
/s/
Charles M. Cawley
Charles M. Cawley
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
Signature/Title
Date
/s/
Charles M. Cawley
September 23, 2003
Charles M. Cawley
Chief Executive Officer, President and Director
(principal executive officer)
/s/
Vernon H.C. Wright
September 23, 2003
Vernon H.C. Wright
Chief Financial Officer
(principal financial and accounting officer)
The Board of Directors:
Randolph D. Lerner, James H. Berick, Charles M. Cawley, Benjamin R. Civiletti, William L. Jews, Norma Lerner, Stuart L. Markowitz, William B. Milstead and Michael Rosenthal.
By:
/s/
John W. Scheflen
September 23, 2003
John W. Scheflen
Attorney-in-Fact