ATWOOD OCEANICS, INC. (NYSE:ATW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On December 21, 2016, Deborah A. Beck notified the company that she would be retiring from the Board of Directors effective following the adjournment of the Annual Meeting of Shareholders on February 15, 2017. There were no disagreements between the company and Ms. Beck relative to her retirement.
At this time, the Board of Directors does not intend to replace Ms. Beck. Following the adjournment of the Annual Meeting, the number of directors will be reduced from eight to seven. In addition, Mr. James R. Montague will become Chair of the Compensation Committee and Mr. Hans Helmerich will become Chair of the Nominating and Governance Committee.
About ATWOOD OCEANICS, INC. (NYSE:ATW)
Atwood Oceanics, Inc. is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey. Its Jackup Rigs included Atwood Mako, Atwood Manta, Atwood Aurora, Atwood Beacon and Atwood Orca. The Atwood Mako and Atwood Manta, both approximately 400-foot water depth Pacific Class jackup rigs, are operating offshore Vietnam and offshore Thailand. The Atwood Aurora, an approximately 350-foot water depth jackup, is operating offshore West Africa. The Atwood Beacon, an approximately 400-foot water depth jackup, is operating in the Mediterranean Sea. ATWOOD OCEANICS, INC. (NYSE:ATW) Recent Trading Information
ATWOOD OCEANICS, INC. (NYSE:ATW) closed its last trading session down -0.27 at 13.28 with 1,685,023 shares trading hands.