-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B8Oa0XKQgHOBdcljaWP8CW2vjRlDc3cqxK38dKi4W7bk9aCoEYOKXVkAzsGz7rwH End/MnSml8z7ksoPFnzhSQ== 0001181431-07-021700.txt : 20070328 0001181431-07-021700.hdr.sgml : 20070328 20070328154308 ACCESSION NUMBER: 0001181431-07-021700 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070322 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070328 DATE AS OF CHANGE: 20070328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BJ SERVICES CO CENTRAL INDEX KEY: 0000864328 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 630084140 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10570 FILM NUMBER: 07724163 BUSINESS ADDRESS: STREET 1: 4601 WESTWAY PARK BLVD CITY: HOUSTON STATE: TX ZIP: 77041 BUSINESS PHONE: 7134624239 MAIL ADDRESS: STREET 1: 4601 WESTWAY PARK BLVD STREET 2: 4601 WESTWAY PARK BLVD CITY: HOUSTON STATE: TX ZIP: 77041 8-K 1 rrd152680.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
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):  03/22/2007
 
BJ Services Company
(Exact name of registrant as specified in its charter)
 
Commission File Number:  1-10570
 
DE
  
63-0084140
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
4601 Westway Park Blvd., Houston, TX 77041
(Address of principal executive offices, including zip code)
 
713-895-5624
(Registrant’s telephone number, including area code)
 
(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:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (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))
 

Information to be included in the report

 
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On March 22, 2007, our Board of Directors elected David D. Dunlap, age 45, as Executive Vice President and Chief Operating Officer. Mr. Dunlap joined the company in 1984 as a District Engineer and was named our Vice President and President - International Division in 1995.

In addition as previously disclosed, Kenneth A. Williams, our Vice President and President U.S./Mexico division will be retiring effective March 31, 2007. On March 22, 2007, our Board of Directors approved the granting of early retirement status for Mr. Williams with respect to certain of Mr. Williams' outstanding equity awards under our 2000 Incentive Plan. Early retirement status results in the acceleration of vesting of 140,209 stock options currently held by Mr. Williams. In addition, these 140,209 stock options as well as 162,320 stock options held by Mr. Williams that had previously vested will be exercisable for three years following Mr. Williams' retirement.

As a result of early retirement status, Mr. Williams will also k eep a pro-rated portion of performance share units granted to him in 2004 and 2005. He will continue to hold 39,370 units granted in November 2004; 9,674 units granted in December 2004; and 34,580 units granted in November 2005. These units will vest only upon our achievement of certain performance targets at the end of fiscal year 2007, for grants made in 2004, or fiscal year 2008 for the grant made in 2005.

Upon his retirement, Mr. Williams will receive cash payments of $408,180.61 annually for a period of 20 years, under our Supplemental Executive Retirement Program.

 

 

Signature(s)
 
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.
 
      
 
BJ Services Company
 
 
Date: March 28, 2007
     
By:
 
/s/    J. W. Stewart
               
J. W. Stewart
               
Chairman, President and Chief Executive Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Press release dated March 23, 2007
EX-99.1 2 rrd152680_19262.htm PRESS RELEASE DATED MARCH 23, 2007 BJ SERVICES ANNOUNCES EXECUTIVE MANAGEMENT PROMOTIONS

BJ SERVICES ANNOUNCES EXECUTIVE MANAGEMENT PROMOTIONS

 

Houston, Texas. March 23, 2007. BJ Services Company (BJS-NYSE, CBOE, PCX) announced today that David D. Dunlap has been appointed Executive Vice President and Chief Operating Officer of the Company and will be responsible for the Company's operations on a global basis. Mr. Dunlap has been with the Company for 22 years, most recently serving as the Company's Vice President - International operations since 1995.

Ronald F. Coleman has been appointed Vice President - North America Pressure Pumping Operations. Mr. Coleman has been with the Company for 29 years, responsible for the Company's U.S./Mexico operations since 1998.

 

BJ Services Company is a leading provider of pressure pumping and other oilfield services to the petroleum industry.

 

(NOT INTENDED FOR DISTRIBUTION TO BENEFICIAL OWNERS)

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