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): December 19, 2006
ALLIS-CHALMERS ENERGY INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation or organization)
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001-02199
(Commission
File Number)
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39-0126090
(I.R.S. Employer
Identification No.) |
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5075 Westheimer
Suite 890
Houston, Texas
(Address of principal executive offices)
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77056
(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.
Effective as of December 19, 2006, David Wilde resigned as President and Chief Operating
Officer of Allis-Chalmers Energy Inc., a Delaware corporation (the “Company”), but will continue as
an employee of the Company. Upon Mr. Wilde’s resignation, the Company’s board of directors
appointed Burt A. Adams as its new President and Chief Operating Officer. Mr. Adams joined the
Company as the tenth member and Vice Chairman of the Company’s board of directors on December 18,
2006, upon the Company’s acquisition of substantially all the assets of Oil & Gas Rental Services, Inc., where
Mr. Adams served as President and Chief Executive Officer from 1996 through 2006.
It is anticipated that the Company and Mr. Wilde will enter into a marketing and consulting
agreement in the near future whereby Mr. Wilde will provide marketing services to the Company,
particularly for the Company’s directional drilling segment.
Mr. Adams is 45 years old. Mr. Adams pursued his undergraduate education from Tulane
University graduating in 1983 with a Bachelors of Science degree in Civil Engineering. Upon
obtaining his Masters degree in Business Administration at Harvard University, Mr. Adams worked for
Hydril Company in Houston, Texas from 1988 to 1996. He has served as President and Chief Executive
Officer of Oil & Gas Rental Services, Inc. from 1996 through 2006. He also serves as Chairman of
Offshore Energy Center, Ocean Star Museum, located in Galveston, Texas and is on the Executive
Committee of National Ocean Industries Association (NOIA). In April 2006, Mr. Adams was appointed a
director of ATP Oil & Gas Corporation.
Item 7.01. Regulation FD Disclosure.
On December 20, 2006, the Company issued a press release announcing the resignation of David
Wilde as its President and Chief Operating Officer. A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
Number
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Description |
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99.1
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Press Release, dated December 20, 2006. |