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: May 2, 1995
READING & BATES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-5587 73-0642271
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(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 May 1, 1995 -
Announcing resignation of Mr.
Willem Cordia and appointment of
Mr. M.A.E. Laqueur to the Board
of Directors.
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: May 2, 1995
EXHIBIT 99
FOR IMMEDIATE RELEASE: Contact: Mr. Charles R. Ofner
(713) 496-5000
Houston, Texas...May 1, 1995...Reading & Bates Corporation
(NYSE; RB) announced today that the Company's Board of
Directors has appointed Mr. M.A.E. Laqueur as a member of the
board and has accepted the resignation of Dr. Willem Cordia for
health reasons. Mr. Laqueur is a senior partner and one of the
two founders of Venture Capital Investors, a private investment
company located in Amsterdam, The Netherlands. Prior to
starting Venture Capital Investors in 1980, Mr. Laqueur was
Managing Director of Van Rietschoten Holding S.A., a private
investment company involved in venture capital investments in
both the Netherlands and the United States. Mr. Laqueur
received his Bachelors degree in law at the Erasmus University
of Rotterdam and his MBA from the Rotterdam School of
Management in 1972. Mr. Laqueur holds additional board
positions with Thermae Holding, a large resort owner and
operator, with Stoneville Enterprises, L. ten Cate, Van
Heek-Scholco and Wyers, a group of textile manufacturers in the
Netherlands, and with Sanadome Holding, a newly established
medical spa facility. Mr. Laqueur and Venture Capital
Investors have interests in a large number of companies
involved in the offshore industry owning service, supply and
heavy lift vessels.
Reading & Bates is a New York Stock Exchange listed
company, providing offshore drilling services throughout the
world. Its wholly owned subsidiary, Reading & Bates
Development Co., provides technical, construction and project
management services and floating production systems to the
upstream offshore oil and gas industry worldwide.
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