UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: March 2, 2006
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
Internal Revenue Service - Employer Identification No. 74-1611874
15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800
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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 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))
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ITEM 8.01 OTHER EVENTS
On March 2, 2006, Atwood Oceanics, Inc. (the "Company") announced that its
Board of Directors had approved a two-for-one stock split of its common stock to
be effected in the form of a 100% stock dividend payable April 7, 2006, on all
shares of common stock outstanding as of the close of business on March 24,
2006. At the Company's annual shareholders meeting on February 9, 2006, the
shareholders of the Company approved increasing the authorized number of shares
of common stock of the Company from 20,000,000 shares to 50,000,000 shares
thereby facilitating the ability of the Board of Directors to implement a
two-for-one stock split in the form of a 100% stock dividend.
Statements contained in this report with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors: the Company's dependence on the oil and gas
industry; the risks involved in the construction and repair of a rig;
competition; operating risks; risks involved in foreign operations; risks
associated with a possible disruption in operations due to terrorism; risks
associated with a possible disruption in operations due to war; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's annual report on Form 10-K for the year ended September
30, 2005, filed with the Securities and Exchange Commission.
ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS
(d) 99.1 Press Release dated March 2, 2006
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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: March 2, 2006
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EXHIBIT 99.1
ATWOOD OCEANICS ANNOUNCES A TWO-FOR-ONE STOCK SPLIT
Houston, Texas
2 March 2006
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (NYSE: ATW), Houston - Based International Drilling
Contractor, (the "Company") today announced that its Board of Directors had
approved a two-for-one stock split of its common stock to be effected in the
form of a 100% stock dividend payable April 7, 2006, on all shares of common
stock outstanding as of the close of business on March 24, 2006. At the
Company's annual shareholders meeting on February 9, 2006, the shareholders of
the Company approved increasing the number of authorized shares of common stock
of the Company from 20,000,000 shares to 50,000,000 shares thereby facilitating
the ability of the Board of Directors to implement a two-for-one stock split in
the form of a 100% stock dividend.
Statements contained in this report with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors: the Company's dependence on the oil and gas
industry; the risks involved in the construction and repair of a rig;
competition; operating risks; risks involved in foreign operations; risks
associated with a possible disruption in operations due to terrorism; risks
associated with a possible disruption in operations due to war; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's annual report on Form 10-K for the year ended September
30, 2005, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
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