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)
November 18, 2003
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
1401 McKinney, Suite 2400
Houston, Texas 77010
(Address of principal executive offices)
Registrant's telephone number,
including area code - 713-759-2600
INFORMATION TO BE INCLUDED IN REPORT
Item 9. Regulation FD Disclosure
On November 18, 2003 registrant issued a press release entitled "DII
Industries and KBR Begin Supplemental Solicitation Process."
The text of the press release is as follows:
DII INDUSTRIES AND KBR BEGIN SUPPLEMENTAL SOLICITATION PROCESS
HOUSTON, Texas - Halliburton (NYSE:HAL) announced today that DII Industries,
Kellogg Brown & Root, and other affected subsidiaries have completed amendments
to documents implementing the companies' planned asbestos and silica settlement
and are mailing supplemental solicitation materials to asbestos and silica
creditors in connection with voting on the amended plan of reorganization. The
Company also announced that the proposed filing entities have set December 11,
2003 as the deadline for voting, or changing votes, on the proposed plan.
The proposed filing entities have been advised by their balloting agent that as
of November 14, 2003, it had received votes from approximately 220,000 asbestos
and silica creditors, or approximately 66% of known creditors. Of the votes
received, over 97% of asbestos voting creditors and over 98% of silica voting
creditors have voted to accept the plan. With the distribution of the
supplemental solicitation materials, creditors have the right to change their
vote until the December 11th voting deadline.
The supplemental solicitation materials describe changes made to the plan to
incorporate the terms of the agreement in principle with the asbestos claimants
committee announced on November 6, 2003 to limit the cash required to settle
pending asbestos and silica claims currently subject to definitive agreements
and certain additional agreements to $2.775 billion. The supplemental disclosure
statement, including the text of amendments, is now posted in the Asbestos
Update section of the Halliburton web site at www.halliburton.com.
Remaining conditions to a Chapter 11 filing by the affected Halliburton
subsidiaries include approval of the plan by required creditors, including at
least 75% of known present asbestos claimants, and Halliburton board approval.
Halliburton, founded in 1919, is one of the world's largest providers of
products and services to the petroleum and energy industries. The Company serves
its customers with a broad range of products and services through its Energy
Services and Engineering and Construction Groups. The Company's World Wide Web
site can be accessed at www.halliburton.com.
NOTE: The statements in this press release that are not historical statements,
including statements regarding future financial performance, are forward-looking
statements within the meaning of the federal securities laws. These statements
are subject to numerous risks and uncertainties, many of which are beyond the
company's control, which could cause actual results to differ materially from
the results expressed or implied by the statements. These risks and
uncertainties include, but are not limited to: legal risks, including the risks
associated with the consummation or non-consummation of the proposed settlement,
the risks of judgments against the company's subsidiaries and predecessors in
asbestos litigation pending and currently on appeal, the inability of insurers
for asbestos exposures to pay claims or a delay in the payment of such claims,
future asbestos claims defense and settlement costs, the risks of judgments
against the company and its subsidiaries in other litigation and proceedings,
including shareholder lawsuits, securities laws inquiries, contract disputes,
patent infringements and environmental matters, legislation, changes in
government regulations and adverse reaction to scrutiny involving the company;
political risks, including the risks of unsettled political conditions, war and
the effects of terrorism, foreign operations and foreign exchange rates and
controls; liquidity risks, including the risks of potential reductions in debt
ratings, access to credit, availability and costs of financing and ability to
raise capital; weather-related risks; customer risks, including the risks of
changes in capital spending and claims negotiations; industry risks, including
the risks of changes that affect the demand for or price of oil and/or gas,
structural changes in the industries in which the company operates, risks of
fixed-fee projects and risks of complex business arrangements; systems risks,
including the risks of successful development and installation of financial
systems; and personnel and merger/reorganization/disposition risks, including
the risks of increased competition for employees, successful integration of
acquired businesses, effective restructuring efforts and successful completion
of planned dispositions. Please see Halliburton's Form 10-K for the year ended
December 31, 2002 and Form 10-Q for the quarter ended June 30, 2003 for a more
complete discussion of such risk factors.
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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.
HALLIBURTON COMPANY
Date: November 18, 2003 By: /s/ Margaret E. Carriere
---------------------------------
Margaret E. Carriere
Vice President and Secretary