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): JULY 7, 2005
ALLIS-CHALMERS ENERGY INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-2199
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER)
OF INCORPORATION)
39-0126090
(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 Company under any of the
following provisions (SEE General Instruction A.2. below):
[ ] Written Communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the exchange ct (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
(a) The Board of Directors on July 7, 2005 approved the appointment of Alya H.
Hidayatallah, 30, as the Company's Vice President - Planning and Development.
Ms. Hidayatallah will receive a base salary of $80,000 per annum with
discretionary bonuses. Mr. Hidayatallah is an executive officer of the Company.
Ms. Hidayatallah is the daughter of Munawar H. Hidayatallah who is the Chairman
and CEO of the Company.
The Board of Directors of the Company on July 7, 2005 approved the appointment
of Alya H. Hidayatallah as Vice President - Planning and Development, effective
July 11, 2005. From January 2005 to March 2005, Ms. Hidayatallah was a senior
financial analyst for Panda Restaurant Group. From November 2004 through
December 2004 she worked as a financial analyst for Lexicon Marketing. From
February 2000 until April 2004 was a financial analyst and senior financial
analyst in the Financial Restructuring Group of Houlihan Lokey Howard & Zukin.
Ms. Hidayatallah has a degree in business economics from the University of
California at Los Angeles. Ms. Hidayatallah is the daughter of the Company's
Chairman and Chief Executive Officer, Munawar H. Hidayatallah.
(b) The Board of Directors on July 7, 2005 approved the appointment of Bruce
Sauers, 41, as Vice President and Controller of the Company and its chief
accounting officer, effective July 11, 2005. Mr. Sauers will receive a base
salary of $120,000 with discretionary bonus of up to 35% of his base salary. Mr.
Sauers is an executive officer of the Company.
ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS
None
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.
ALLIS-CHALMERS ENERGY INC.
/S/ VICTOR M. PEREZ
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BY: VICTOR M. PEREZ
CHIEF FINANCIAL OFFICER
DATE: JULY 14, 2005