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 27, 2010
NEWPARK RESOURCES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-2960
(Commission
File Number)
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72-1123385
(IRS Employer
Identification No.) |
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2700 Research Forest Drive, Suite 100
The Woodlands, TX
(Address of principal executive offices)
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77381
(Zip Code) |
Registrants telephone number, including area code: (281) 362-6800
(Former name or former address, if changed since last report.)
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:
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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 240.13a-4(c)) |
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Item 8.01 |
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Other Information. |
Newpark Resources, Inc. is filing this Current Report on Form 8-K for the purpose of updating
our previous disclosure regarding the anticipated impact of the Deepwater Horizon oil spill and the
related regulatory actions. We previously disclosed in our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2010, that we expected revenues from the areas affected by the drilling
moratorium and related regulatory actions to be approximately $7.0 million to $9.0 million lower
and operating income to be $4.0 million to $5.0 million lower in the third quarter of 2010, as
compared to the second quarter of 2010. Although we experienced decreased activity levels in our
base Environmental Services and Fluids Systems and Engineering segments in the Gulf of Mexico
during the third quarter as anticipated, revenues generated from continued oil spill disposals were
higher than anticipated in the third quarter. Consequently, we now expect revenues from the
affected areas to be approximately $3.0 million to $4.0 million lower and operating income to be
$1.0 million to $1.5 million lower in the third quarter of 2010, as compared to the second quarter
of 2010.