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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): MARCH 6, 2000
WEATHERFORD INTERNATIONAL, INC.
(Exact name of registrant as specified in charter)
DELAWARE 1-13086 04-2515019
(State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
515 POST OAK BLVD., SUITE 600
HOUSTON, TEXAS 77027
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 693-4000
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EXHIBIT INDEX APPEARS ON PAGE 4
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ITEM 5. OTHER EVENTS
DATES FOR GRANT PRIDECO SPIN-OFF
On March 6, 2000, we announced that our Board of Directors has fixed
the close of business on March 23, 2000 as the record date for the proposed
spin-off to stockholders of our Grant Prideco drilling products division. Our
Board of Directors has also revised the number of shares to be issued in the
spin-off from one share of Grant Prideco common stock for every two shares of
our common stock to one share of Grant Prideco stock for each share of our
common stock outstanding as of the close of business on March 23, 2000.
Our Board set the record date for the distribution following recent
advice from the Internal Revenue Service that a favorable written ruling on the
spin-off should be received within the next two to three weeks. The spin-off is
conditioned upon receipt of the written ruling. Following the receipt of the
ruling, an information statement relating to the spin-off will be sent to all
stockholders of record. We currently expect that the information statement will
be sent on or about March 27, 2000 and that the distribution of the shares to
the stockholders will be made on or about April 14, 2000.
A copy of the press release announcing the dates for the Grant Prideco
spin-off is filed as Exhibit 99.1 and is hereby incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated March 6, 2000, announcing the dates for the
Grant Prideco Spin-off.
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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.
WEATHERFORD INTERNATIONAL, INC.
Dated: March 6, 2000 /s/ CURTIS W. HUFF
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Curtis W. Huff
Executive Vice President
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INDEX TO EXHIBITS
Number Exhibit
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99.1 Press release dated March 6, 2000, announcing the dates for the
Grant Prideco Spin-off.
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