UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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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 Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Common Stock (Par Value EUR 0.02) |
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CLB |
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Euronext Amsterdam Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
On October 15, 2020, Core Laboratories N.V. issued a press release announcing a quarterly cash dividend of $0.01 per share of common stock for shareholders of record on October 26, 2020 and payable November 17, 2020.
The full text of the press release is set forth in Exhibit 99.1 attached hereto.
The information in this Report and the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
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Exhibits |
99.1Press release issued on October 15, 2020 *
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Exchange Act.
CORE LABORATORIES N.V.
EXHIBIT INDEX TO FORM 8-K
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99.1 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Exchange Act.
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.
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Core Laboratories N.V. |
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Dated: October 15, 2020 |
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/s/ Christopher S. Hill |
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Christopher S. Hill |
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Chief Financial Officer |
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Exhibit 99.1
FOR IMMEDIATE RELEASE
CORE LAB ANNOUNCES Q4 2020 QUARTERLY DIVIDEND
AMSTERDAM (15 October 2020) - The Board of Supervisory Directors of Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam Exchange: "CLB NA") has announced a cash dividend of $0.01 per share of common stock payable in the fourth quarter of 2020. This fourth quarter dividend amount, when added to the Q1 2020 dividend of $0.25 per share, the Q2 2020 dividend of $0.01 per share and the Q3 2020 dividend of $0.01, means a total payout for the year 2020 of $0.28 per share of common stock. The fourth quarter $0.01 per share cash dividend will be payable on Tuesday, 17 November 2020, to shareholders of record on Monday, 26 October 2020. Dutch withholding tax will be deducted from the dividend at a rate of 15%.
Any determination to declare a future quarterly cash dividend, as well as the amount of any such cash dividend that may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital expenditure plans, ongoing share repurchases, potential acquisition opportunities, and other relevant factors at the time.
Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description and production enhancement services and products used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.
This release, as well as other statements we make, includes forward-looking statements regarding the future revenue, profitability, business strategies and developments of the Company made in reliance upon the safe harbor provisions of Federal securities law. The Company's outlook is subject to various important cautionary factors, including risks and uncertainties related to the oil and natural gas industry, business conditions, international markets, international political climates, public health crises, such as the COVID-19 pandemic, and any related actions taken by businesses and governments, and other factors as more fully described in the Company's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. These important factors could cause the Company's actual results to differ materially from those described in these forward-looking statements. Such statements are based on current expectations of the Company's performance and are subject to a variety of factors, some of which are not under the control of the Company. Because the information herein is based solely on data currently available, and because it is subject to change as a result of changes in conditions over which the Company has no control or influence, such forward-looking statements should not be viewed as assurance regarding the Company's future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this press release, except as required by law.
Visit the Company's website at www.corelab.com. Connect with Core Lab on Facebook, LinkedIn and YouTube.
For more information contact:
Gwen Y. Schreffler – Senior VP Corporate Development and Investor Relations, +1 713 328 6210
investor.relations@corelab.com
###
Document And Entity Information |
Oct. 15, 2020 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 15, 2020 |
Entity Registrant Name | CORE LABORATORIES N.V. |
Entity Tax Identification Number | 00-0000000 |
Entity Central Index Key | 0001000229 |
Entity Emerging Growth Company | false |
Entity File Number | 001-14273 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Address, Address Line One | Strawinskylaan 913Tower A, Level 9 |
Entity Address, Address Line Two | 1077 XX |
Entity Address, City or Town | Amsterdam |
Entity Address, Country | NL |
City Area Code | 31-20 |
Local Phone Number | 420-3191 |
Entity Incorporation, State or Country Code | P7 |
Entity Address, Postal Zip Code | 1077 |
Title of each class | Common Stock (Par Value EUR 0.02) |
Trading Symbol | CLB |
Name of each exchange on which registered | NYSE |
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