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EX-99.1 - EXHIBIT 99.1 PRESS RELEASE FOR APPOINTMENT OF DIRECTOR - Weatherford International plcex991pressreleaseannouncin.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): March 12, 2018
Weatherford International public limited company
(Exact name of registrant as specified in its charter)

Ireland
001-36504
98-0606750
(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.

Effective March 12, 2018, Ms. Angela A. Minas was appointed to the Board of Directors (the “Board”) of Weatherford International plc (the “Company”). Ms. Minas will serve as a member of the Board’s Audit Committee and Health, Safety and Environment Committee.

In connection with her appointment to the Board, Ms. Minas 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. Minas will also enter into the standard director indemnification agreement 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 Ms. Minas and any other person pursuant to which she was selected as a director. Ms. Minas does not 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. Minas has an interest requiring disclosure under Item 404(a) of Regulation S-K.


Item 7.01
Regulation FD Disclosure.

On March 12, 2018, 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.
 
 
(d)
Exhibits.
Exhibit Number
Description
99.1
Press release issued by Weatherford International plc on March 12, 2018






SIGNATURE

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: March 12, 2018
 
 
/s/ Christina M. Ibrahim
 
Christina M. Ibrahim
 
Executive Vice President, General Counsel and Corporate Secretary






EXHIBIT INDEX

Exhibit Number
Description
Press release issued by Weatherford International plc on March 12, 2018