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 EARLIEST EVENT REPORTED: May 23, 2013
HELMERICH & PAYNE, INC.
(Exact name of registrant as specified in its charter)
State of Incorporation: Delaware
COMMISSION FILE NUMBER 1-4221
Internal Revenue Service Employer Identification No. 73-0679879
1437 South Boulder Avenue, Suite 1400, Tulsa, Oklahoma 74119
(Address of Principal Executive Offices)
(918)742-5531
(Registrants telephone number, including area code)
N/A
(Former Name or Former Address, if Changed since Last Report)
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 Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On May 23, 2013, Helmerich & Payne, Inc. (Registrant) issued a press release announcing that it had agreed to sell four million shares of Atwood Oceanics, Inc. (ATW). A copy of the press release is attached as Exhibit 99.1 to this Report on Form 8-K.
This information is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that Section, nor shall it 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 set forth by specific reference in such a filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit Number |
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Description |
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99.1 |
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Helmerich & Payne, Inc. press release dated May 23, 2013 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly authorized the undersigned to sign this report on its behalf.
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HELMERICH & PAYNE, INC. |
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(Registrant) |
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/s/ Steven R. Mackey |
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Steven R. Mackey |
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Executive Vice President |
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DATE: May 23, 2013 |
EXHIBIT 99.1
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NEWS RELEASE |
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HELMERICH & PAYNE, INC. / 1437 SOUTH BOULDER / TULSA, OKLAHOMA |
May 23, 2013
HELMERICH & PAYNE, INC. AGREES TO SELL
PORTION OF EQUITY PORTFOLIO HOLDINGS
Helmerich & Payne, Inc. (the Company) announced today that it has agreed to sell four million shares of Atwood Oceanics, Inc. (ATW). Following completion of the sales, the Companys equity portfolio holdings will include four million ATW shares and 967,500 Schlumberger Limited (SLB) shares.
Company Chairman and CEO Hans Helmerich commented, This satisfies our current objective for monetizing a portion of our equity investment in Atwood.
Helmerich & Payne, Inc. is primarily a contract drilling company. As of April 25, 2013, the Companys existing fleet included 302 land rigs in the U.S., 29 international land rigs and nine offshore platform rigs. The Companys global land fleet includes 300 FlexRigs®*.
*FlexRig® is a registered trademark of Helmerich & Payne, Inc.
Contact:
Investor Relations
investor.relations@hpinc.com
(918) 588-5207
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