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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 1, 2002
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
ITEM 5. OTHER EVENTS
EXPANDABLES TECHNOLOGY AGREEMENTS WITH SHELL
On March 1, 2002, we signed agreements with Shell Technology Ventures
Inc. and Shell Technology Ventures Limited for the licensing by Shell to us of
global intellectual property rights relating to expandable technology and the
granting to us of an option to buy the entire share capital of e2Tech Limited in
consideration for the payment by us of an aggregate current value of $150
million, payable in the form of $70 million in cash, $20 million promissory note
and $60 million of warrants to purchase shares of our common stock. In addition,
we will receive a 50% reduction in the royalty rate we currently pay for the
Shell licensed technology. A copy of the press release announcing the signing of
the expandable technology agreements with Shell is filed as Exhibit 99.1 and is
incorporated in this report by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated March 4, 2002, announcing the signing of
the expandable technology agreements with Shell.
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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 4, 2002 /s/ BURT M. MARTIN
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Burt M. Martin
Vice President - Law
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INDEX TO EXHIBITS
Number Exhibit
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99.1 Press release dated March 4, 2002, announcing the
signing of the expandable technology agreements with Shell.
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