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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 26, 2002
VERITAS DGC INC.
(Exact Name of Registrant As Specified In Its Charter)
DELAWARE 76-0343152
(State or 001-7427 (I.R.S. Employer
Other Jurisdiction) (Commission File No.) Identification No.)
10300 TOWN PARK
HOUSTON, TEXAS 77072
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
832-351-8300
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS
Based on discussions with the staff of the Securities and Exchange
Commission (the "SEC"), Veritas DGC Inc. (the "Company") has been informed that
the SEC will not object if the Company is considered to be the accounting
acquirer in its proposed business combination with Petroleum Geo-Services ASA
("PGS"). That conclusion was based, among other things, on the terms of
previously announced proposed revisions to the Agreement and Plan of Merger and
Exchange Agreement between the parties that would provide for PGS shareholders
to receive 0.40 shares (previously 0.47 shares) for each PGS share or American
Depositary Share, and shareholders of the Company would receive one share, of a
contemplated new holding company to be formed to accomplish the combination,
resulting in shareholders of the Company owning approximately 44% of the new
company and PGS shareholders owning approximately 56% of such company.
Additionally, the Company would be entitled under the proposed revisions to
nominate six of the proposed ten directors of the new company while PGS would be
entitled to nominate four directors, David B. Robson, the Chief Executive
Officer of the Company, would be the Chief Executive Officer of the new company,
and Matthew D. Fitzgerald, the Chief Financial officer of the Company, would be
the Chief Financial officer of the new company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
EXHIBIT NO. DESCRIPTION
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2.1 Agreement and Plan of Merger and Exchange Agreement, dated as of
November 26, 2001, among Petroleum Geo-Services ASA, a Norwegian
public limited liability company, Veritas DGC Inc., a Delaware
corporation, Venus I, a Cayman Islands exempted company and a
direct, wholly owned subsidiary of Veritas, Venus Holdco Inc., a
Delaware corporation and an indirect, wholly owned subsidiary of
Caymanco, and Venus Mergerco Inc., a Delaware corporation and a
direct, wholly owned subsidiary of Veritas Holdco (incorporated
by reference to Exhibit 2.1 to Veritas DGC Inc.'s Current Report
on Form 8-K, filed November 28, 2001).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VERITAS DGC INC.
(Registrant)
/s/ MATTHEW D. FITZGERALD
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Matthew D. Fitzgerald, Chief Financial Officer
Date: April 29, 2002
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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2.1 Agreement and Plan of Merger and Exchange Agreement, dated as of
November 26, 2001, among Petroleum Geo-Services ASA, a Norwegian
public limited liability company, Veritas DGC Inc., a Delaware
corporation, Venus I, a Cayman Islands exempted company and a
direct, wholly owned subsidiary of Veritas, Venus Holdco Inc., a
Delaware corporation and an indirect, wholly owned subsidiary of
Caymanco, and Venus Mergerco Inc., a Delaware corporation and a
direct, wholly owned subsidiary of Veritas Holdco (incorporated
by reference to Exhibit 2.1 to Veritas DGC Inc.'s Current Report
on Form 8-K, filed November 28, 2001).