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 report (Date of earliest event reported): July 19, 2011
Diamond Offshore Drilling, Inc.
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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1-13926
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76-0321760 |
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| (State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer |
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Identification No.) |
15415 Katy Freeway
Houston, Texas 77094
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (281) 492-5300
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate line 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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On July 19, 2011, the Board of Directors (“Board”) of Diamond Offshore Drilling, Inc. (the
“Company”) increased the number of directors constituting the entire Board from nine directors to
ten and appointed Ambassador Clifford M. Sobel to the Board. The Board determined that Ambassador
Sobel is an independent director under New York Stock Exchange listing standards. Ambassador Sobel
will receive prorated compensation for his service on the Board in accordance with the Company’s
standard compensatory arrangements for non-employee directors, including an annual cash retainer of
$50,000 paid to all directors who are not employees of the Company or any of its subsidiaries or of
Loews Corporation, a quarterly award of 1,000 stock appreciation rights in accordance with the
terms of the Company’s Stock Option Plan, beginning in October 2011, to each director who is not an
employee of the Company, and as otherwise described under the caption “Director Compensation” in
the Company’s proxy statement for its 2011 Annual Meeting of Stockholders, which description is
incorporated herein by reference except as modified above.
A copy of the Company’s press release announcing Ambassador Sobel’s appointment is included as
an exhibit to this report.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
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Description |
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99.1
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Press Release dated July 22, 2011 |
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