Attached files
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| EX-10.1 - EXECUTIVE AGREEMENT (JOE D. RAINEY) - HALLIBURTON CO | executiveagreement_rainey.htm |
| EX-3.1 - HAL 12-07-17 AMENDED BY-LAWS - HALLIBURTON CO | amendedbylaws.htm |
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 Report (Date of earliest event reported): December 6, 2017
HALLIBURTON COMPANY
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
(State or Other Jurisdiction of Incorporation)
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001-03492
(Commission File Number)
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No. 75-2677995
(IRS Employer Identification No.)
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3000 North Sam Houston Parkway East, Houston, Texas 77032
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(Address of Principal Executive Offices and zip code)
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Registrant's Telephone Number, Including Area Code: (281) 871-2699
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. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in 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).
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Emerging growth company ☐
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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. ☐
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INFORMATION TO BE INCLUDED IN REPORT
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of December 6, 2017, Halliburton entered into an Executive Agreement with Joe D. Rainey, President – Eastern Hemisphere. Pursuant to the Executive Agreement, Mr. Rainey will receive an annual base salary of $875,000, a restricted stock unit award with a grant date value of $1,184,868 to vest 20% annually over a five (5) year period and nonqualified stock options to purchase shares of Halliburton Company common stock with a grant date value of $506,736 that vest 33 1/3% annually over a three (3) year period, and will be eligible to participate in the company's performance pay and performance unit incentive plans and to receive grants of restricted stock and stock options under the Halliburton Company Stock and Incentive Plan. The Executive Agreement also restricts Mr. Rainey from competing with the company or soliciting company personnel for a period of two years after termination of employment. If Mr. Rainey's employment is terminated by Mr. Rainey for good reason or by death, disability, or retirement or his employment is terminated by the company for any reason other than cause or Mr. Rainey's participation in a breach of fiduciary duty arising from a material violation of a U.S. federal or state law or failure to supervise an employee who substantially participated in such a violation ("significant violation"), all restrictions on restricted stock and units will lapse. In addition, in the case of a termination by Mr. Rainey for good reason or termination by the company for any reason other than cause or a significant violation, Mr. Rainey will receive a lump sum cash payment equal to two years of his base salary then in effect.
The description of Mr. Rainey's Executive Agreement is qualified in its entirety by the provisions of the agreement, which is incorporated by reference to Exhibit 10.1 to this Form 8-K.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On December 7, 2017, Halliburton's Board of Directors amended Halliburton's By-laws by revising the definition of "Participated in a Significant Violation" in Section 6. The amendment conforms the definition to company policies that were revised on the same date.
The foregoing summary of the amendments to the By-laws is qualified in its entirety by reference to the full text of the amended By-laws attached to this report as Exhibit 3.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
3.1 By-laws revised effective December 7, 2017
10.1 Executive Agreement (Joe D. Rainey)
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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.
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HALLIBURTON COMPANY
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Date: December 12, 2017
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By:
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/s/ Bruce A. Metzinger |
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Bruce A. Metzinger
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Vice President, Public Law and Assistant Secretary
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EXHIBIT INDEX
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
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