Current Report Filing (8-k)
May 11 2017 - 5:13PM
Edgar (US Regulatory)
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): May 10, 2017
Rowan Companies plc
(Exact name of registrant as specified in
its charter)
England and Wales
(State or Other Jurisdiction of
Incorporation or Organization)
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1-5491
(Commission File Number)
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98-1023315
(I.R.S. Employer
Identification Number)
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2800 Post Oak Boulevard
Suite 5450
Houston, Texas
(Address of Principal Executive Offices)
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77056-6189
(Zip Code)
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Registrant’s telephone number, including
area code:
(713) 621-7800
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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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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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☐
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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 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
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. ☐
Item 8.01 Other Events.
Rowan Companies plc, through a wholly owned subsidiary,
participated in the recent Petrobras public rig auction and was the high bidder for P-59 and P-60, two 2013 built LeTourneau
Super 116E jack-up rigs. While Rowan was the high bidder and is required to purchase the rigs at its bid price (US$30
million per rig), the auction results have not yet been approved by Petrobras.
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.
Dated: May 11, 2017
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Rowan Companies plc
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By:
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/s/ Stephen M. Butz
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Stephen M. Butz
Executive Vice President and Chief Financial Officer
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