1
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: March 16, 2001
HELMERICH & PAYNE, INC.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-4221 73-0679879
--------------------------------------------------------------------------------
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
Utica at Twenty-first Street, Tulsa, Oklahoma 74114
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(918) 742-5531
--------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
N/A
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Page 1 of 2 Pages.
2
Item 5. Other Events.
The Corporation is a defendant in Verdin v. R&B Falcon Drilling USA,
Inc., et al., Civil Action No. G-00-488, In the United States District Court for
the Southern District of Texas, Galveston Division. This lawsuit alleges, among
other things, that the Corporation and many other defendant companies whose
collective operations represent a substantial majority of the U.S. offshore
drilling industry, conspired to fix wages and benefits paid to drilling
employees. Plaintiff contends that this alleged conduct violates federal and
state antitrust laws. Plaintiff seeks treble damages, attorneys' fees and costs
on behalf of himself and an alleged class of offshore workers. The Corporation
denies these allegations and will vigorously defend the claims raised in this
lawsuit. Based on the information currently available, management believes the
resolution of this lawsuit will not have a material adverse affect on the
Corporation's financial condition or results of operations.
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, thereunto duly authorized.
HELMERICH & PAYNE, INC.
(Registrant)
By: /s/ STEVEN R. MACKEY
---------------------------------
Name: Steven R. Mackey
Title: Vice President
Dated: March 16, 2001
Page 2 of 2 Pages.