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
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January 24, 2006 |
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
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
15415 Katy Freeway
Houston, Texas 77094
(Address of Principal Executive Offices and Zip Code)
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Registrant’s telephone number, including area code:
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(281) 492-5300 |
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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)) |
Item 8.01. Other Events
On January 24, 2006, Diamond Offshore Drilling, Inc. (the “Company”) issued a press release
announcing that the Company’s Board of Directors has declared a quarterly cash dividend of $0.125
per share of common stock, payable on March 1, 2006 to shareholders of record on February 3, 2006,
and, in addition, a special cash dividend of $1.50 per share of common stock, payable on March 1,
2006 to shareholders of record on February 3, 2006. The Company’s Board of Directors may, in
subsequent years, consider paying additional annual special dividends, in amounts to be determined,
if it believes that the Company’s financial position, earnings outlook, capital spending plans and
other relevant factors warrant such action at that time.
Filed herewith is a copy of such press release.
Statements in this report that contain “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, may include, but are not limited to, statements concerning future
dividends and actions by the Company’s Board of Directors, future contracts, future offshore
drilling rig dayrates and terms and the Company’s earnings outlook. Forward-looking statements
include, without limitation, statements which project, indicate or imply future results and may
contain words like “expect,” “intend,” “plan,” “will,” “would,” “may,” “estimated” and “budgeted,”
among others. Such statements are inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those anticipated or projected. These factors
include, among others, general economic and business conditions, changes in oil and natural gas
prices, casualty losses, industry fleet capacity, changes in foreign and domestic oil and gas
exploration and production activity, competition, changes in foreign, political, social and
economic conditions, regulatory initiatives and compliance with governmental regulations, customer
preferences and various other matters, many of which are beyond the Company’s control. Given these
concerns, investors and analysts should not place undue reliance on forward-looking statements.
Each forward-looking statement speaks only as of the date of this report. The Company expressly
disclaims any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statement to reflect any change in the Company’s expectations with regard thereto
or any change in events, conditions or circumstances on which any forward-looking statement is
based. A further discussion of the risk factors that could impact these areas and the Company’s
overall business and financial performance can be found in the Company’s reports and other filings
with the Securities and Exchange Commission.
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