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)
MAY 30, 2003
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
1401 McKinney, Suite 2400
Houston, Texas 77010
(Address of principal executive offices)
Registrant's telephone number,
including area code - 713-759-2600
INFORMATION TO BE INCLUDED IN REPORT
Item 9. Regulation FD Disclosure
On May 30, 2003, registrant issued a press release entitled
"Halliburton Reaches Agreement to Settle Class Action Lawsuits." The total
amount to be paid in settlement of all of the cases described in the press
release is $6 million, which includes all costs and attorneys' fees. Because
substantially all of the settlement will be funded by insurance, it will not
have any material effect on Halliburton's second quarter results.
The text of the press release is as follows:
HALLIBURTON REACHES AGREEMENT TO SETTLE CLASS ACTION LAWSUITS
HOUSTON, Texas - Halliburton (NYSE:HAL) and plaintiffs' representatives
have signed a memorandum of understanding to settle approximately
twenty shareholder class action securities cases that have been
consolidated before a federal court in Dallas, Texas, and a shareholder
derivative suit pending in the same federal court. A second derivative
lawsuit filed in the District Court of Harris County, Texas, has been
dismissed by the court without prejudice. The memorandum of
understanding has been executed by the plaintiffs' lead counsel, who
has authority on behalf of all plaintiffs in the class actions to
negotiate settlements, and also by the plaintiff's counsel in the
derivative action. Three of the four lead plaintiffs in the securities
actions have agreed to the settlement terms and the fourth is
evaluating the matter.
All of the cases initially arose out of questions regarding
Halliburton's accounting for revenues associated with unapproved claims
and change orders on long term fixed price construction projects. The
memorandum of understanding more broadly covers all claims, however
denominated, arising out of a purchase of Halliburton stock during the
class period of May 18, 1998 through May 28, 2002 and all derivative
claims that could have been asserted against the defendants for any
acts, facts, transactions, occurrences, representations or omissions
during the class period in connection with, arising out of, or in any
way related to the allegations in the complaints filed in the
securities or derivative actions.
The total amount to be paid in settlement of all of the cases,
including all costs and attorneys' fees, is immaterial and will not
impact Halliburton's second quarter results. Included within the terms
of settlement are provisions calling for the release of all
Halliburton's present and former officers and directors who were named
in the suits. Halliburton will not admit to wrongdoing in settling the
cases. The settlement is subject to, among other things, court review
and approval.
Halliburton, founded in 1919, is one of the world's largest providers
of products and services to the petroleum and energy industries. The
company serves its customers with a broad range of products and
services through its Energy Services Group and Engineering and
Construction Group business segments. The company's World Wide Web site
can be accessed at www.halliburton.com.
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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 hereunto duly authorized.
HALLIBURTON COMPANY
Date: May 30, 2003 By: /s/ Bruce A. Metzinger
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Bruce A. Metzinger
Assistant Secretary