Current Report Filing (8-k)
May 08 2020 - 5:28PM
Edgar (US Regulatory)
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2020-05-07
2020-05-08
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2020-05-07
2020-05-08
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2020-05-07
2020-05-08
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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 8, 2020
NABORS INDUSTRIES LTD.
(Exact name of registrant as specified in
its charter)
Bermuda
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001-32657
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98-0363970
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(State or Other Jurisdiction of
Incorporation or Organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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Crown House
4 Par-la-Ville Road
Second Floor
Hamilton, HM08 Bermuda
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N/A
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(Address of principal executive offices)
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(Zip Code)
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(441) 292-1510
(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:
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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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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of exchange on which
registered
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Common shares
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NBR
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NYSE
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Preferred
shares – Series A
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NBR.PRA
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NYSE
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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 ¨
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 7.01
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Regulation FD Disclosure.
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On May 8, 2020, the Board of Directors (the
“Board”) of Nabors Industries Ltd. (the “Company’) declared a cash dividend of $0.75 per outstanding share
of the Company’s 6.00% Mandatory Convertible Preferred Shares, Series A, par value $0.001 per share, which will be paid on
August 3, 2020, to holders of record at the close of business on July 15, 2020. In addition, the Board agreed with the recommendation
of management to suspend dividends on the Company’s common shares.
The information included in this Current
Report on Form 8-K under Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18
of the Exchange Act, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act.
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.
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Nabors Industries Ltd.
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Date: May 8, 2020
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By:
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/s/Mark D. Andrews
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Name: Mark D. Andrews
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Title: Corporate Secretary
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