UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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: April 5, 2007
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)
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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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Effective April 5, 2007, Atwood Oceanics, Inc. (the "Company") has promoted
two senior management personnel to executive officer positions. Alan Quintero,
44, was promoted to the position of Vice President-Engineering, and Darryl
Smith, 61, was promoted to the position of Vice President-Operations.
Mr. Quintero has served as the Company's General Manager of Engineering
since May 2006. Prior to serving as General Manager of Engineering, Mr. Quintero
held the position of Manager of Engineering from August 1994 to May 2006. Mr.
Quintero joined the Company in July 1993.
Mr. Smith has served as the Company's General Manager of Operations since
October 2000. Prior to serving as General Manager of Operations, Mr. Smith held
the position of Operations Support Manager from the time he joined the Company
in October 1999 to October 2000.
Except for an increase in medical and life insurance benefits on the same
basis as that provided to all other executive officers, there were no material
changes to the compensation packages of Messrs. Quintero and Smith in connection
with the promotions. No grants or awards were made in connection with the
promotions, and any bonuses will be determined by the Compensation Committee
based upon the Company's performance. They will both continue to be eligible to
participate in Company incentive equity plans.
There are no arrangements or understandings between Messrs. Quintero and
Smith and any other person pursuant to which they were appointed as executive
officers 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 Messrs. Quintero and Smith 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 11, 2007.
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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: April 11, 2007
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