==============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 4
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1993
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ___________ to ___________.
Commission File No. 1-5587
READING & BATES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 73-0642271
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
901 Threadneedle, Suite 200, Houston, TX 77079
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 713-496-5000
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Name of Each Exchange
Title of Each Class on Which Registered
------------------- ---------------------
Common Stock, $.05 par value New York Stock Exchange
Pacific Stock Exchange
$1.625 Convertible Preferred Stock, $1.00 par value New York Stock Exchange
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No___
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-
K or any amendment to this Form 10-K. [ ]
AGGREGATE MARKET VALUE OF THE VOTING STOCK HELD BY
NONAFFILIATES ON FEBRUARY 28, 1994 - $160,635,000
NUMBER OF SHARES OF COMMON STOCK OUTSTANDING
ON FEBRUARY 28, 1994 - 55,488,588
NUMBER OF SHARES OF NON-VOTING CONVERTIBLE CLASS B COMMON STOCK
OUTSTANDING ON FEBRUARY 28, 1994 - NONE
DOCUMENTS INCORPORATED BY REFERENCE
1) Proxy Statement for Annual Meeting of Stockholders to be held on
May 10, 1994 - Part III
==============================================================================
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) Financial Statements, Schedules and Exhibits
1. Financial Statements:
Reports of Independent Public Accountants
Consolidated Balance Sheet as of December 31, 1993 and 1992
Consolidated Statement of Operations for the years ended December 31,
1993, 1992 and 1991
Consolidated Statement of Cash Flows for the years ended December 31,
1993, 1992 and 1991
Consolidated Statement of Stockholders' Equity (Deficit) for the years
ended December 31, 1993, 1992 and 1991
Notes to Consolidated Financial Statements
Supplemental Consolidated Financial Information (unaudited)
2. Schedules:
Reports of Independent Public Accountants
Schedule II - Amounts Receivable from Related Parties
Schedule V - Property and Equipment
Schedule VI - Accumulated Depreciation and Amortization of
Property and Equipment
Schedule IX - Short-term Obligations
Schedule X - Supplementary Consolidated Statement of Operations
Information
All other schedules are omitted because they are not required or are not
applicable.
3. Exhibits:
Exhibit 3.1 - The Registrant's Restated Certificate of
Incorporation, as amended through October 2, 1992.
(Filed as Exhibit 3.1 to the Company's Annual
Report on Form 10-K for 1992 and incorporated
herein by reference.)
Exhibit 3.2 - The Registrant's Certificate of Designations of
$1.625 Convertible Preferred Stock ($1.00 par
value). (Filed as Exhibit (a) to Amendment No. 1
to the Registrant's Form 8-A/A dated July 22, 1993
and incorporated herein by reference.)
Exhibit 3.3 - The Registrant's Bylaws. (Filed as Exhibit 4.2 to
the Company's Registration No. 33-44237 and
incorporated herein by reference.)
Exhibit 4.1 - Indenture relating to the Registrant's 8% Senior
Subordinated Convertible Debentures due 1998
dated as of August 29, 1989, between the Registrant
and IBJ Schroder Bank & Trust Company, as
Trustee. (Filed as Exhibit 4.1 to the Company's
Annual Report on Form 10-K for 1989 and
incorporated herein by reference.)
Exhibit 4.2 - Form of the Registrant's registered 8% Senior
Subordinated Convertible Debentures due 1998.
(Filed as Exhibit 4.2 to Registration No. 33-28580
and incorporated herein by reference.)
Exhibit 4.3 - Form of the Registrant's bearer 8% Senior
Subordinated Convertible Debentures due 1998.
(Filed as Exhibit 4.3 to Registration No. 33-28580
and incorporated herein by reference.)
Exhibit 4.4 - Indenture dated as of December 1, 1980 among
Reading & Bates Energy Corporation N.V., the
Registrant, as Guarantor, and U.S. Trust Company,
as Successor Trustee, relating to the 8%
Convertible Subordinated Debentures due 1995
issued by Reading & Bates Energy Corporation N.V.,
and guaranteed by the Registrant. (Filed as
Exhibit 4.4 to Registration No. 33-28580 and
incorporated herein by reference.)
Exhibit 4.5 - Form of 8% Convertible Subordinated Debentures
due 1995 issued by Reading & Bates Energy
Corporation N.V., and guaranteed by the Registrant.
(Filed as Exhibit 4.5 to Registration No. 33-28580
and incorporated herein by reference.)
Exhibit 4.6 - Form of the Registrant's Common Stock Certificate.
(Filed as Exhibit 4.6 to Registration No. 33-51120
and incorporated herein by reference.)
Exhibit 4.7 - Form of Preferred Stock Certificate for $1.625
Convertible Preferred Stock ($1.00 par value).
(Filed as Exhibit 4.4 to Registration No.
33-65476 and incorporated herein by reference.)
Exhibit 4.8 - Registration Rights Agreement dated as of March 29,
1991 among the Registrant, Holders as referred
therein and members of Offering Committee as
referred therein. (Filed as Exhibit 4.22 to the
Company's Annual Report on Form 10-K for 1990
and incorporated herein by reference.)
Exhibit 4.9 - Amendment No. 1, dated as of September 1, 1992, to
the Registration Rights Agreement filed as Exhibit
4.7 hereto. (Filed as Exhibit 4.18 to Registration
No. 33-51120 and incorporated herein by reference.)
Exhibit 4.10 - Amendment No. 2, dated as of June 1, 1993, to the
Registration Rights Agreement. (Filed as Exhibit
4.8 to Registration No. 33-65476 and incorporated
herein by reference.)
Exhibit 4.11 - Agreement dated as of March 27, 1991 among the
Registrant, R&B Rig Investment Partners, L.P.,
R&B MODU Investment Associates, L.P., M&W
Investment Partners, L.P., and BCL Investment
Partners, L.P. (Filed as Exhibit 4.24 to the
Company's Annual Report on Form 10-K for 1990
and incorporated herein by reference.)
Exhibit 4.12 - Termination Agreement dated as of September 14,
1993 between the Registrant and BCL Investment
Partners, L.P.
Exhibit 4.13 - Agreement dated March 29, 1991 between the
Registrant and R&B Investment Partnership, L.P.
(Filed as Exhibit 4.25 to the Company's Annual
Report on Form 10-K for 1990 and incorporated
herein by reference.)
Exhibit 4.14 - Amendment No. 1 dated as of January 1, 1992
between the Registrant and R&B Investment
Partnership, L.P.
Exhibit 4.15 - Amendment No. 2 dated as of January 1, 1992
between the Registrant and R&B Investment
Partnership, L.P.
Exhibit 4.16 - Termination Agreement dated as of September 14,
1993 between the Registrant and R&B Investment
Partnership, L.P.
Exhibit 4.17 - Preferred Stock Subscription Agreement dated as of
September 3, 1991 between Registrant and the
subscribers, as amended. (Filed as Exhibit 4.12 to
Registration No. 33-51120 and incorporated herein
by reference.)
Exhibit 4.18 - Subscription Agreement dated as of September 3,
1991 between Registrant and the subscribers, as
amended. (Filed as Exhibit 4.14 to Registration
No. 33-51120 and incorporated herein by reference.)
Exhibit 4.19 - Agreement dated as of October 15, 1992 between the
Registrant and the Subscribers as defined therein.
(Filed as Exhibit 10.63 to Registration No. 33-
51120 and incorporated herein by reference.)
Exhibit 4.20 - Common Stock Issuance Agreement dated April 19,
1991 between the Company and J. W. Bates, Jr., as
amended. (Filed as Exhibit 4.15 to Registration
No. 33-51120 and incorporated herein by reference.)
Exhibit 4.21 - Common Stock Issuance Agreement dated April 15,
1991 between the Company and R. A. Tappmeyer, as
amended. (Filed as Exhibit 4.16 to Registration
No. 33-51120 and incorporated herein by reference.)
Exhibit 4.22 - Common Stock Issuance Agreement dated April 1991
between the Company and C. E. Thornton, as
amended. (Filed as Exhibit 4.17 to Registration
No. 33-51120 and incorporated herein by reference.)
Exhibit 10.1 - Amended and Restated Lease Restructuring
Agreement dated as of March 29, 1991 among the
Registrant, other obligors, the Lessors, the Lease
Lenders, the Lease Trustees, the Lease Lenders, the
Lease Trustees, the Lease Equity Participant and
the Lease Agent, all as named therein. (Filed
as Exhibit 4.26 to the Company's Annual Report on
Form 10-K for 1990 and incorporated herein by
reference.)
Exhibit 10.2 - Bareboat Charter Party Amendment No. 2 dated
March 29, 1991 between The Connecticut National
Bank, as Owner Trustee and Reading & Bates
Drilling Co., a subsidiary of the Registrant, as
Charterer. (Filed as Exhibit 4.27 to the Company's
Annual Report on Form 10-K for 1990 and
incorporated herein by reference.)
Exhibit 10.3 - Bareboat Charter Party Amendment No. 3 dated as of
March 29, 1991 between The Connecticut National
Bank, as Owner Trustee and Reading & Bates
Exploration Co., a subsidiary of the Registrant, as
Charterer. (Filed as Exhibit 4.28 to the Company's
Annual Report on Form 10-K for 1990 and
incorporated herein by reference.)
Exhibit 10.4 - Amendment No. 1 to Trust Indenture and First
Preferred Ship Mortgage dated as of March 29, 1991
between Reading & Bates Exploration Co., a
subsidiary of the Registrant, and State Street Bank
and Trust Company of Connecticut, National
Association, as Indenture Trustee. (Filed as
Exhibit 4.29 to the Company's Annual Report on
Form 10-K for 1990 and incorporated herein by
reference.)
Exhibit 10.5 - Credit Facility Agreement dated as of March 29,
1991 among the Registrant, Reading & Bates Drilling
Co., Reading & Bates Exploration Co., Reading and
Bates, Inc. and Resources Conservation Company,
subsidiaries of the Registrant, and NMB Postbank
Groep, N.V. (Filed as Exhibit 4.30 to the
Company's Annual Report on Form 10-K for 1990
and incorporated herein by reference.)
Exhibit 10.6 - Amendment No. 1, dated as of May 24, 1991, to the
Credit Facility Agreement dated as of March 29,
1991 among the Registrant, Reading & Bates
Drilling Co., Reading & Bates Exploration Co.,
Reading & Bates, Inc. and Resources Conservation
Company, subsidiaries of the Registrant, and NMB
Postbank Groep, N.V. (Filed as Exhibit 4.32 to the
Company's Annual Report on Form 10-K for 1991
and incorporated herein by reference.)
Exhibit 10.7 - Amendment No. 2, dated as of June 28, 1991, to the
Credit Facility Agreement dated as of March 29,
1991 among the Registrant, Reading & Bates Drilling
Co., Reading & Bates Exploration Co., Reading &
Bates, Inc. and Resources Conservation Company,
subsidiaries of the Registrant, and NMB Postbank
Groep, N.V. (Filed as Exhibit 4.33 to the
Company's Annual Report on Form 10-K for 1991
and incorporated herein by reference.)
Exhibit 10.8 - Amendment No. 3, dated as of August 30, 1991, to
the Credit Facility Agreement dated as of March 29,
1991 among the Registrant, Reading & Bates Drilling
Co., Reading & Bates Exploration Co., Reading &
Bates, Inc. and Resources Conservation Company,
subsidiaries of the Registrant, and NMB Postbank
Groep, N.V. (Filed as Exhibit 4.34 to the
Company's Annual Report on Form 10-K for 1991
and incorporated herein by reference.)
Exhibit 10.9 - Amendment No. 4, dated as of June 30, 1992, to the
Credit Facility Agreement dated as of March 27,
1991 among the Registrant, Reading and Bates
Drilling Co., Reading and Bates Exploration Co. and
Reading and Bates, Inc., subsidiaries of the
Registrant, and Internationale Nederlanden Bank
N.V. (formerly known as NMB Postbank Groep
N.V.). (Filed as Exhibit 10.61 to Registration No.
33-51120 and incorporated herein by reference.)
Exhibit 10.10 - Amendment No. 5, dated as of February
23, 1993, to the Credit Facility
Agreement dated as of March 27, 1991
among the Registrant, Reading and Bates
Drilling Co., Reading and Bates
Exploration Co., and Reading and Bates,
Inc., subsidiaries of the Registrant, and
Internationale Nederlanden Bank N.V.
(Filed as Exhibit 10.10 to the Company's
Annual Report on Form 10-K for 1992
and incorporated herein by reference.)
Exhibit 10.11 - Agreement dated August 18, 1993 among
the Registrant, Reading & Bates Drilling
Co., Reading & Bates Exploration Co.,
and Reading & Bates, Inc., subsidiaries
of the Registrant, and Internationale
Nederlanden Bank N.V.
Exhibit 10.12 - Pledge Agreement dated August 18, 1993
among the Registrant, Reading & Bates
Drilling Co., Reading & Bates
Exploration Co., and Reading & Bates,
Inc., subsidiaries of the Registrant, and
Internationale Nederlanden Bank N.V.
Exhibit 10.13* - Reading & Bates 1990 Stock Option
Plan. (Filed as Appendix A to the
Company's Proxy Statement dated April
26, 1993 and incorporated herein by
reference.)
Exhibit 10.14* - 1992 Long-Term Incentive Plan of
Reading & Bates Corporation. (Filed as
Exhibit B to the Registrant's Proxy
Statement dated April 27, 1992 and
incorporated herein by reference.)
Exhibit 10.15* - Director Stock Option Agreement dated
as of September 14, 1993 between the
Registrant and C. A. Donabedian.
Exhibit 10.16* - Director Stock Option Agreement dated
as of September 14, 1993 between the
Registrant and J. W. McLean.
Exhibit 10.17* - Director Stock Option Agreement dated
as of September 14, 1993 between the
Registrant and R. L. Sandmeyer.
Exhibit 10.18* - Director Stock Option Agreement dated
as of September 14, 1993 between the
Registrant and S. A. Webster.
Exhibit 10.19 - Pledge of shares of stock of Reading &
Bates Drilling Co., Reading & Bates
Exploration Co., and Reading and Bates,
Inc., to NMB Postbank Groep N.V.
and/or its affiliates or trustees acting on
behalf of any of the foregoing. (Filed as
Exhibit 10.33 to the Company's Annual
Report on Form 10-K for 1990 and
incorporated herein by reference.)
Exhibit 10.20 - Agreement dated as of August 31, 1991
among Registrant, Arcade Shipping AS
and Sonat Offshore Drilling Inc. (Filed
as Exhibit 10.40 to the Company's
Annual Report on Form 10-K for 1991
and incorporated herein by reference.)
Exhibit 10.21* - Employment Agreement dated as of
November 1, 1991 between the
Registrant and L. E. Voss, Jr. (Filed as
Exhibit 10.34 to the Company's Annual
Report on Form 10-K for 1991 and
incorporated herein by reference.)
Exhibit 10.22* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of November 1, 1991 between
the Registrant and L. E. Voss, Jr.
Exhibit 10.23* - Employment Agreement dated as of
November 1, 1991 between the
Registrant and T. W. Nagle. (Filed as
Exhibit 10.35 to the Company's Annual
Report on Form 10-K for 1991 and
incorporated herein by reference.)
Exhibit 10.24* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of November 1, 1991 between
the Registrant and T. W. Nagle.
Exhibit 10.25* - Employment Agreement dated as of
November 1, 1991 between the
Registrant and C. R. Ofner. (Filed as
Exhibit 10.36 to the Company's Annual
Report on Form 10-K for 1991 and
incorporated herein by reference.)
Exhibit 10.26* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of November 1, 1991 between
the Registrant and C. R. Ofner.
Exhibit 10.27* - Employment Agreement dated as of
November 1, 1991 between the
Registrant and D. L. McIntire. (Filed as
Exhibit 10.37 to the Company's Annual
Report on Form 10-K for 1991 and
incorporated herein by reference.)
Exhibit 10.28* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of November 1, 1991 between
the Registrant and D. L. McIntire.
Exhibit 10.29* - Employment Agreement dated as of
November 1, 1991 between the
Registrant and W. K. Hillin. (Filed as
Exhibit 10.38 to the Company's Annual
Report on Form 10-K for 1991 and
incorporated herein by reference.)
Exhibit 10.30* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of November 1, 1991 between
the Registrant and W. K. Hillin.
Exhibit 10.31* - Employment Agreement dated as of
January 1, 1992 between the Registrant
and Paul B. Loyd, Jr. (Filed as Exhibit
10.42 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.32* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of January 1, 1992 between the
Registrant and Paul B. Loyd, Jr.
Exhibit 10.33* - Employment Agreement dated as of
January 1, 1992 between the Registrant
and C. Kirk Rhein, Jr. (Filed as Exhibit
10.43 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.34* - Amendment No. 1, dated as of October
1, 1993, to the Employment Agreement
dated as of January 1, 1992 between the
Registrant and C. Kirk Rhein, Jr.
Exhibit 10.35* - Employment Agreement dated as of
January 1, 1992 between the Registrant
and J. T. Angel. (Filed as Exhibit 10.44
to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.36* - Agreement amending Employment
Agreement dated October 7, 1993
between the Registrant and J. T. Angel.
Exhibit 10.37 - Galloway Waiver Agreement dated as of
May 31, 1991 among the Noteholders,
the Owner Trustee and the Indenture
Trustee named therein. (Filed as Exhibit
10.45 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.38 - Thornton Waiver Agreement dated as of
May 31, 1991 among the Noteholders,
the Owner Trustee and the Indenture
Trustee named therein. (Filed as Exhibit
10.46 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.39 - Galloway Rescission Agreement dated as
of June 28, 1991 among Reading & Bates
Drilling Co., the Registrant, the
Noteholders, the Owner Trustee, the
Indenture Trustee and the Owner
Participant named therein. (Filed as
Exhibit 10.47 to Registration No. 33-
51120 and incorporated herein by
reference.)
Exhibit 10.40 - Galloway Assignment Agreement dated
as of June 28, 1991 between the Holders
named therein and the NMB Postbank
Groep N.V. (Filed as Exhibit 10.48 to
Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.41 - Thornton Rescission Agreement dated as
of June 28, 1991 among Reading & Bates
Exploration Co., the Registrant, the
Noteholders, the Owner Trustee, the
Indenture Trustee and the Owner
Participant named therein. (Filed as
Exhibit 10.49 to Registration No. 33-
51120 and incorporated herein by
reference.)
Exhibit 10.42 - Thornton Assignment Agreement dated
as of June 28, 1991 between the Holders
named therein and NMB Postbank Groep
N.V. (Filed as Exhibit 10.50 to
Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.43 - Facility Agreement dated February 21,
1991 between Arcade Drilling AS, Chase
Investment Bank Limited and The Chase
Manhattan Bank, N.A. (Filed as Exhibit
10.51 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.44 - Hull 515 Rig Management Agreement
dated October 26, 1990 between Arcade
Drilling AS and Sonat Offshore Drilling
Inc. (Filed as Exhibit 10.52 to
Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.45 - HG Rig Management Agreement dated
October 26, 1990 between Arcade
Drilling AS and Sonat Offshore Drilling
Inc. (Filed as Exhibit 10.53 to
Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.46 - Modification Agreement dated as of May
27, 1992 between Arcade Drilling AS
and Sonat Offshore Drilling Inc. (Filed
as Exhibit 10.54 to Registration No. 33-
51120 and incorporated herein by
reference.)
Exhibit 10.47 - Credit Facility Letter dated May 12,
1992 between Arcade Shipping AS and
The Chase Manhattan Bank, N.A., as
amended on May 14, 1992. (Filed as
Exhibit 10.55 to Registration No. 33-
51120 and incorporated herein by
reference.)
Exhibit 10.48 - Letter Agreement dated May 12, 1992
between the Registrant and The Chase
Manhattan Bank, N.A. regarding
undertakings with respect to a credit
facility issued as of the same date to
Arcade Shipping AS. (Filed as Exhibit
10.56 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.49 - Charter Payments Agreement dated as of
September 30, 1991 among the
Registrant, Reading & Bates Drilling
Co., Reading & Bates Exploration Co.,
Reading and Bates, Inc. and NMB
Postbank Groep, N.V. (Filed as Exhibit
10.57 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.50 - Amendment No. 1, dated as of June 30,
1992, to Charter Payments Agreement
dated as of September 30, 1991 among
the Registrant, Reading and Bates
Drilling Co., Reading and Bates
Exploration Co., Reading and Bates, Inc.
and Internationale Nederlanden Bank
N.V. (formerly known as NMB Postbank
Groep N.V.). (Filed as Exhibit 10.36 to
the Company's Annual Report on Form
10-K for 1992 and incorporated herein by
reference.)
Exhibit 10.51 - Floating Rate Loan Facility Agreement
dated September 19, 1991 between Gade
Shipping Corporation, Skandinaviska
Enskilda Banken, London Branch and
Den norske Bank AS. (Filed as Exhibit
10.58 to Registration No. 33-51120 and
incorporated herein by reference.)
Exhibit 10.52 - Bareboat Charter dated September 4,
1991 between K/S UL Arcade and
Arcade Shipping AS (regarding
motorvessel "ARCADE FALCON").
(Filed as Exhibit 10.59 to Registration
No. 33-51120 and incorporated herein by
reference.)
Exhibit 10.53 - Bareboat Charter dated September 4,
1991 between K/S UL Arcade and
Arcade Shipping AS (regarding
motorvessel "ARCADE EAGLE").
(Filed as Exhibit 10.60 to Registration
No. 33-51120 and incorporated herein by
reference.)
Exhibit 10.54 - ISDA Interest and Currency Exchange
Agreement dated as of October 26, 1990
between the Chase Manhattan Bank,
N.A. and K/S Frontier Drilling, and
Novation Agreement with respect thereto
dated February 28, 1991. (Filed as
Exhibit 10.62 to Registration
No. 33-51120 and incorporated herein by
reference.)
Exhibit 10.55 - Letter Agreement dated March 11, 1994 between
the Registrant and DeepTech International, Inc.
Exhibit 11 - Computation of Earnings Per Common Share
Exhibit 16 - Letter re Change in Certifying Accountant (filed as
Exhibit 16.1 to the Company's Form 8-K dated
December 2, 1992 and incorporated herein by
reference).
Exhibit 21 - Schedule of Subsidiaries of the Company
Exhibit 23.1 - Consent of Arthur Andersen & Co.
Exhibit 23.2 - Consent of Coopers & Lybrand
Exhibit 99 - Annual Report on Form 11-K with respect to Reading
& Bates Savings Plan.
Instruments with respect to certain long-term obligations of the Company
are not being filed as exhibits hereto as the securities authorized thereunder
do not exceed 10% of the Company's total assets. The Company agrees to furnish
a copy of each such instrument to the Securities and Exchange Commission upon
its request.
* Management contract or compensatory plan or arrangement required
to be filed as an exhibit pursuant to the requirements of Item 14(c) of
Form 10-K.
(b) Reports on Form 8-K
During the three months ending December 31, 1993 five Current
Reports on Form 8-K were filed. A Current Report on Form 8-K
dated October 12, 1993 announcing the resignation of J.T. Angel,
dated October 21, 1993 announcing the Company's 3rd quarter 1993
earnings, dated November 5, 1993 announcing that AGIP S.p.A. did
not exercise their remaining options under a contract with the "JACK
BATES", dated November 18, 1993 announcing the mobilization of
the "M.G. HULME, JR." from the Mediterranean Sea to the Gulf of
Mexico, and dated December 9, 1993 announcing that the Company
had received a letter of intent for a drilling contract in the Gulf of
Mexico for the "M.G. HULME, JR.".
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed by the undersigned, thereunto duly
authorized on June 23, 1994.
READING & BATES CORPORATION
By /s/T. W. Nagle
-------------------------
T. W. Nagle
Vice President and Chief
Financial Officer
Exhibit 99
----------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
Annual Report Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For the fiscal year ended December 31, 1993
Commission File No. 1-5587
READING & BATES SAVINGS PLAN
READING & BATES CORPORATION
901 Threadneedle, Suite 200
Houston, Texas 77079
The Reading & Bates Savings Plan Financial Statements and Schedules
as of December 31, 1993 together with auditors' report and Consent of
Independent Public Accountants has been filed under Form SE dated
June 22, 1994 pursuant to Rule 311(c) of Regulation S-T.
