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 EARLIEST EVENT
REPORTED:
April 1,
2008
ATWOOD OCEANICS,
INC
.
(Exact Name of
R
egistrant as
Specified in Its
C
harter)
Texas
(
State or
Other Jurisdiction of
Incorporation
)
COMMISSION FILE NUMBER 1-13167
IRS
Employer Identification No.
74-1611874
15835 Park Ten Place
Drive
Houston, Texas, 77084
(Address of Principal Executive Offices)
(281) 749-7800
(Registrant’s Telephone Number,
Including Area Code)
N/A
(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):
[
]
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))
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective April 1, 2008,
Mr. Darryl Smith, 62, has elected to relinquish his position as Vice President –
Operations of Atwood Oceanics, Inc. (the “Company”); however, he will
continue in a support and advisory capacity within the Operations Department in order
to facilitate an orderly transition until his planned retirement at the end of December
2008. Mr. Ronald Hall, 56, was promoted to Vice President – Operations effective
April 1, 2008.
Mr.
Hall
has served as the
Company's
General
Manager of Operations
since
April 2007. Since he
joined the Company in February 1995, he has served as Assistant General Manager of
Operations as well as Operations Manager for several of the Company’s
international rig operations.
Except
for an increase in
medical and life insurance benefits on the same basis as that provided to all other
executive officers and a 10% increase in his base
salary
,
there were no material
changes to the compensation package of Mr. Hall in connection with the promotion. No
grants or awards were made in connection with this promotion, and any bonuses will be
determined by the Compensation Committee based upon the Company’s performance. He
will continue to be eligible to participate in Company incentive equity plans.
There are no arrangements
or understandings between
Mr. Hall
and any other person
pursuant to which
he was appointed as an
executive officer of the
Company
,
and
except as
disclosed herein,
there have been no
transactions since the beginning of the Company’s last fiscal year, or are
currently proposed, regarding
Mr. Hall
that are required to be
disclosed by Item 404(a) of Regulation S-K.
ITEM
9.01 EXHIBITS
(d) Exhibits
Exhibit
No.
Description of Exhibit
99.1 Press
release dated
April 1,
2008
.
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.
ATWOOD
OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James
M. Holland
Senior
Vice President
DATE:
April 1, 2008