Exhibit 5.1
Alston&Bird llp
One Atlantic Center
1201 West Peachtree Street
Atlanta, GA 30309-3424
404-881-7000
Fax:404-881-7777
www.alston.com
November 5, 2009
Graphic Packaging Holding Company
814 Livingston Court
Marietta, Georgia 30067
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Re: |
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Form S-8 Registration Statement
Graphic Packaging Holding Company Amended and Restated 2004 Stock and
Incentive Compensation Plan |
Ladies and Gentlemen:
We have acted as counsel for Graphic Packaging Holding Company, a Delaware corporation (the
Company), in connection with the filing of the above-referenced Registration Statement (the
Registration Statement) with the Securities and Exchange Commission (the Commission) to
register under the Securities Act of 1933, as amended (the Securities Act), 12,000,000 shares of
the Companys common stock, $0.01 par value (the Shares), which may be issued by the Company
pursuant to the Graphic Packaging Holding Company Amended and Restated 2004 Stock and Incentive
Compensation Plan (the Plan). This opinion letter is rendered pursuant to Item 8 of Form S-8 and
Item 601(b)(5) of Regulation S-K.
We have examined the Restated Certificate of Incorporation of the Company, the Amended and
Restated By-Laws of the Company, records of proceedings of the Board of Directors, or committees
thereof, and the shareholders of the Company deemed by us to be relevant to this opinion letter,
the Plan and the Registration Statement. We also have made such further legal and factual
examinations and investigations as we deemed necessary for purposes of expressing the opinion set
forth herein.
As to certain factual matters relevant to this opinion letter, we have relied conclusively
upon originals or copies, certified or otherwise identified to our satisfaction, of such other
records, agreements, documents and instruments, including certificates or comparable documents of
officers of the Company and of public officials, as we have deemed appropriate as a basis for the
opinion hereinafter set forth. Except to the extent expressly set forth herein, we have made no
independent investigations with regard to matters of fact, and, accordingly, we do not express any
opinion or belief as to matters that might have been disclosed by independent verification.
In our examination of relevant documents, we have assumed the genuineness of all signatures, the
legal capacity of all natural persons, the accuracy and completeness of all documents submitted to
us, the authenticity of all original documents and the conformity to authentic original documents
of all documents submitted to us as copies (including telecopies).
Our opinion set forth below is limited to the General Corporation Law of the State of
Delaware, applicable provisions of the Constitution of the State of Delaware and reported judicial
Atlanta Charlotte Dallas Los Angeles New York Research Triangle Silicon Valley Ventura County Washington, D.C.
November 5, 2009
Page 2
decisions interpreting such General Corporation Law and Constitution, and we do not express
any opinion herein concerning any other laws.
This opinion letter is provided for use solely in connection with the transactions
contemplated by the Plan and may not be used, circulated, quoted or otherwise relied upon for any
other purpose without our express written consent. The only opinion rendered by us consists of
those matters set forth in the sixth paragraph hereof, and no opinion may be implied or inferred
beyond those expressly stated. Our opinion expressed herein is as of the date hereof, and we
undertake no obligation to advise you of any changes in applicable law or any other matters that
may come to our attention after the date hereof that may affect our opinion expressed herein.
Based on the foregoing, it is our opinion that the Shares are duly authorized for issuance,
and, when issued by the Company in accordance with the terms of the Plan, will be validly issued,
fully paid and non-assessable.
We consent to the filing of this opinion letter as an exhibit to the Registration Statement
and to the use of our name wherever appearing in the Registration Statement. In giving such
consent, we do not thereby admit that we are within the category of persons whose consent is
required under Section 7 of the Securities Act or the rules and regulations of the Commission
thereunder.
Very truly yours,
ALSTON & BIRD LLP
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By: |
/s/ Laura G. Thatcher
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Laura G. Thatcher, a Partner |
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