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EX-99.1 - EXHIBIT 99.1 PRESS RELEASE ANNOUNCING APPOINTMENT OF DIRECTORS - Weatherford International plcex991pressreleaseannouncin.htm



Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 21, 2017
Weatherford International public limited company
(Exact name of registrant as specified in its charter)

(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
Weststrasse 1, 6340 Baar, Switzerland
CH 6340
(Address of principal executive offices)
(Zip Code)
 Registrant’s telephone number, including area code: +41.22.816.1500 
Not Applicable
(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.):

¨ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    o

Item 5.02(d)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 21, 2017, the Board of Directors (the “Board”) of Weatherford International plc (the “Company”) increased the size of its Board from nine to eleven members and appointed Ms. Roxanne J. Decyk and Mr. David S. King to serve as directors of the Board, effective immediately. Ms. Decyk will serve as a member of the Board’s Compensation Committee and Health, Safety and Environment (“HSE”) Committee. Mr. King will serve as a member of the Board's Audit Committee and HSE Committee.

In connection with their appointment to the Board, Ms. Decyk and Mr. King will receive the Company’s standard compensatory arrangements for non-employee directors. A description of the compensatory arrangements for non-employee directors is included in the Company’s 2017 Proxy Statement filed with the U.S. Securities and Exchange Commission (“SEC”) on April 25, 2017.  Ms. Decyk and Mr. King will also enter into standard director indemnification agreements with the Company and one of its primary subsidiaries, the forms of which have been previously filed with the SEC.

There are no arrangements or understandings between either Ms. Decyk or Mr. King and any other person pursuant to which either person was selected as a director. Neither Ms. Decyk nor Mr. King have any family relationship with any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. There are no transactions in which Ms. Decyk or Mr. King have an interest requiring disclosure under Item 404(a) of Regulation S-K.

Item 7.01
Regulation FD Disclosure.

On September 25, 2017, the Company issued a press release describing the matters in the first paragraph of Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference herein. The information provided pursuant to this Item 7.01 is “furnished” and shall not be deemed to be “filed” with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.

Item 9.01
Financial Statements and Exhibits.
Exhibit Number
Press release issued by Weatherford International plc on September 25, 2017


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.

Weatherford International plc
Date: September 25, 2017
/s/ Christina M. Ibrahim
Christina M. Ibrahim
Executive Vice President, General Counsel and Corporate Secretary


Exhibit Number
Press release issued by Weatherford International plc on September 25, 2017