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)
DECEMBER 21, 2000
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
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
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INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item any events,
with respect to which information is not otherwise called for by this form, that
the registrant deems of importance to security holders.
On December 21, 2000 registrant issued a press release entitled
"Halliburton Announces New Structure and Engineering and Construction Changes"
pertaining, among other things, to an announcement that registrant has
reorganized its engineering and construction business and will operate two
business segments in the future. The segments are the Halliburton Energy
Services Group and the Engineering and Construction Group. Registrant will
record approximately $120 million after tax charges in the fourth quarter
related to restructuring and charges on projects of the engineering and
construction businesses. Both Brown & Root Energy Services and Kellogg Brown &
Root are impacted by the charges and reorganization. Registrant's goal for the
engineering and construction business is to earn a 3 percent margin in 2001 and
between 3-5 percent margin in the longer term given the expected market
conditions. Registrant expects fourth quarter 2000 earnings to be between $0.25
and $0.27 per diluted share. Registrant plans on being in negotiations with the
leading bidders on the sale of its Dresser Equipment Group business unit in
early January. Registrant also announced that it has now purchased in excess of
twenty million shares of its stock under the previously announced stock
repurchase plan.
In accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, Halliburton Company cautions that statements in
this press release which are forward looking and which provide other than
historical information involve risks and uncertainties that may impact the
company's actual results of operations. Please see Halliburton's Form 10-Q for
the quarter ended September 30, 2000 for a more complete discussion of such risk
factors.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated December 21, 2000.
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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: December 22, 2000 By: /s/ Lester L. Coleman
----------------------------------
Lester L. Coleman
Executive Vice President and
General Counsel
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 7
December 21, 2000
Incorporated by Reference
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