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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): OCTOBER 20, 2003
(October 17, 2003)
BAKER HUGHES INCORPORATED
(Exact name of registrant as specified in charter)
DELAWARE 1-9397 76-0207995
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
3900 ESSEX LANE, HOUSTON, TEXAS 77027
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 439-8600
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
Baker Hughes Incorporated (the "Company") has reached a proposed settlement
agreement with a former employee who made allegations of improper activities
relating to operations in Nigeria. The settlement agreement, which is subject to
final court approval, covers civil complaints seeking back pay and damages,
including future lost wages, filed by the former employee against the Company on
March 25, 2002 in the 281st District Court in Harris County, Texas, and on
August 2, 2002 in the federal district court for the Southern District of Texas.
The state court case was stayed pending the outcome of the federal suit. The
federal court was advised of the proposed settlement, and on October 4, 2003 the
court issued a standard order allowing the parties sixty days to finalize the
settlement. The Company does not believe the amount of the settlement is
material to the Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(Information furnished in this Item 7 is furnished pursuant to
Item 12.)
(c) Exhibits.
99.1 - Press Release of Baker Hughes Incorporated dated
October 17, 2003.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 17, 2003, the Company issued a press release, a copy of which is
furnished with this Form 8-K as Exhibit 99.1 and incorporated into this Item 12
by reference. In accordance with General Instructions B.6. of Form 8-K, the
information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such a filing.
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SIGNATURE
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.
BAKER HUGHES INCORPORATED
Dated: October 20, 2003 By: /s/Sandra E. Alford
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Sandra E. Alford
Corporate Secretary
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INDEX TO EXHIBIT
EXHIBIT NO. DESCRIPTION
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99.1 - Press Release of Baker Hughes Incorporated dated
October 17, 2003.