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: March 14, 1994
READING & BATES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-5587 73-0642271
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
901 Threadneedle, Suite 200, Houston, TX 77079
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 496-5000
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 - Press Release dated March 8, 1994 -
Andrew Bakonyi promotion
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf of the undersigned thereunto duly authorized.
READING & BATES CORPORATION
By /s/T. W. Nagle
T. W. Nagle
Vice President & Chief
Financial Officer
Dated: March 14, 1994
Exhibit 99
For additional information, please contact: Mr. Charles R. Ofner
(713) 496-5000
March 8,1994, HOUSTON, TEXAS....Reading & Bates Corporation
(RB-NYSE) announced today that Andrew Bakonyi has been named Senior
Vice President of Reading & Bates Drilling Co., effective immediately.
In addition to his current responsibilities for offshore drilling in
the North Sea, Bakonyi will have responsibility for overseeing the
Company's efforts to develop business in the rapidly expanding sector
of floating production. Additionally, he will continue to serve as
Managing Director of the Company's affiliate, Arcade Drilling AS.
Bakonyi was awarded a Bachelor of Science degree in Electrical
Engineering from the University of Adelaide, Australia, and joined
Reading & Bates' management development program in South Iran in 1977.
He subsequently served in engineering, management and marketing
positions in Indonesia, Thailand, Brunei, India, Scotland
and Holland, in addition to his current location in Oslo, Norway. He
also served as Engineering Manager in the headquarters office in
Houston and played a key role in the design and construction of the
Company's fourth-generation semisubmersible Jack Bates.
Reading & Bates is a New York Stock Exchange listed company,
engaging in offshore drilling throughout the world. Its wholly owned
subsidiary, Reading & Bates Development Co., provides technical,
construction and project management services to the upstream offshore
oil and gas industry worldwide
