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) : September 10, 2007
WEATHERFORD INTERNATIONAL LTD.
(Exact name of registrant as specified in charter)
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Bermuda
(State of Incorporation)
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1-31339
(Commission File No.)
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98-0371344
(I.R.S. Employer Identification No.) |
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515 Post Oak Boulevard
Suite 600
Houston, Texas
(Address of Principal Executive Offices)
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77027
(Zip Code) |
Registrants telephone number, including area code: (713) 693-4000
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 14d-2(b) 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 1.01. Entry into Material Definitive Agreements.
On September 10, 2007, Jessica Abarca, Vice President Accounting and Chief Accounting Officer,
was granted a $50,000 increase to her current annual base salary.
Item 8.01. Other Events
We have made a strategic decision to discontinue doing business through our foreign
subsidiaries in countries that are subject to U.S. economic and trade sanctions, including Cuba,
Iran, Sudan and Syria. In light of the current U.S. and foreign policy environment and the
inherent uncertainties surrounding these countries, we have determined that it is in the best
interests of the company and its stakeholders to implement this new policy.
Accordingly, effective immediately, we will not enter into any new contracts relating to these
countries and we will begin an orderly discontinuation and winding down of our existing business in
these sanctioned countries.
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