UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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: April 1, 2008
ATWOOD OCEANICS, INC.
(Exact Name of
Registrant as
Specified in Its
Charter)
Texas
(State or Other Jurisdiction of Incorporation)
COMMISSION FILE NUMBER 1-13167
IRS
Employer Identification No.
74-1611874
15835 Park Ten Place Drive
Houston, Texas, 77084
(Address of Principal Executive Offices)
(281) 749-7800
(Registrant’s 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):
[ ] 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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 1, 2008,
Mr. Darryl Smith, 62, has elected to relinquish his position as Vice President –
Operations of Atwood Oceanics, Inc. (the “Company”); however, he will
continue in a support and advisory capacity within the Operations Department in order
to facilitate an orderly transition until his planned retirement at the end of December
2008. Mr. Ronald Hall, 56, was promoted to Vice President – Operations effective
April 1, 2008.
Mr. Hall has served as the Company's General Manager of Operations since April 2007. Since he joined the Company in February 1995, he has served as Assistant General Manager of Operations as well as Operations Manager for several of the Company’s international rig operations.
Except
for an increase in
medical and life insurance benefits on the same basis as that provided to all other
executive officers and a 10% increase in his base
salary,
there were no material
changes to the compensation package of Mr. Hall in connection with the promotion. No
grants or awards were made in connection with this promotion, and any bonuses will be
determined by the Compensation Committee based upon the Company’s performance. He
will continue to be eligible to participate in Company incentive equity plans.
There are no arrangements or understandings between Mr. Hall and any other person pursuant to which he was appointed as an executive officer of the Company, and except as disclosed herein, there have been no transactions since the beginning of the Company’s last fiscal year, or are currently proposed, regarding Mr. Hall that are required to be disclosed by Item 404(a) of Regulation S-K.
ITEM 9.01 EXHIBITS
(d) Exhibits
Exhibit
No.
Description of Exhibit
99.1 Press release dated April 1, 2008.
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.
ATWOOD
OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James
M. Holland
Senior
Vice President
DATE: April 1, 2008