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): 
January 29, 2010
  

ALLIS-CHALMERS ENERGY INC.
(Exact name of registrant as specified in its charter)
 
Delaware
001-02199
39-0126090
(State or other jurisdiction of
incorporation or organization)
(Commission File
Number)
(I.R.S. Employer Identification
No.)

5075 Westheimer
Suite 890
Houston, Texas
77056
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:  (713) 369-0550
 
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):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.14d-2(b))
o
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. 

On January 29, 2010, the Board of Directors of Allis-Chalmers Energy Inc. (the “Company”), upon recommendation of the Compensation Committee, authorized a salary increase for the Company's named executive officers, as set forth below:

Named Executive Officer
  
Title
  
Salary
  
           
Munawar H. Hidayatallah
  
Chairman and
Chief Executive Officer
   $ 600,000  
             
Victor M. Perez
  
Chief Financial Officer
   $ 315,000  
             
David K. Bryan
  
President and CEO of
Allis-Chalmers Directional
Drilling Services LLC
   $ 262,500  
             
Terrence P. Keane
  
Senior Vice President—
Oilfield Services
   $ 315,000  
             
Mark Patterson
  
Senior Vice President—
Rental Services
   $ 265,000  
 
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.
 
 
ALLIS-CHALMERS ENERGY INC.
   
Date:  February 2, 2010
By:
/s/ Theodore F. Pound III
 
Name: 
Theodore F. Pound III
 
Title:
General Counsel and Secretary