UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| | Date of Report (Date of earliest event reported): | January 29, 2010 | |
ALLIS-CHALMERS ENERGY INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-02199 | 39-0126090 |
(State or other jurisdiction of
incorporation or organization) | (Commission File
Number) | (I.R.S. Employer Identification
No.) |
5075 Westheimer Suite 890 Houston, Texas | 77056 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (713) 369-0550
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 29, 2010, the Board of Directors of Allis-Chalmers Energy Inc. (the “Company”), upon recommendation of the Compensation Committee, authorized a salary increase for the Company's named executive officers, as set forth below:
| Named Executive Officer | | Title | | Salary | |
| | | | | | |
| Munawar H. Hidayatallah | | Chairman and Chief Executive Officer | | $ | 600,000 | |
| | | | | | | |
| Victor M. Perez | | Chief Financial Officer | | $ | 315,000 | |
| | | | | | | |
| David K. Bryan | | President and CEO of Allis-Chalmers Directional Drilling Services LLC | | $ | 262,500 | |
| | | | | | | |
| Terrence P. Keane | | Senior Vice President— Oilfield Services | | $ | 315,000 | |
| | | | | | | |
| Mark Patterson | | Senior Vice President— Rental Services | | $ | 265,000 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | ALLIS-CHALMERS ENERGY INC. |
| | |
| Date: February 2, 2010 | By: | /s/ Theodore F. Pound III |
| | Name: | Theodore F. Pound III |
| | Title: | General Counsel and Secretary |
