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: July 19, 1996
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 July 18, 1996 - Reading &
Bates announces that C. Kirk Rhein, Jr.
was confirmed among victims in TWA crash.
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
Executive Vice President,
Finance and Administration
Dated: July 19, 1996
EXHIBIT 99
FOR IMMEDIATE RELEASE Contact: Charles R. Ofner
(713) 496-5000
C. Kirk Rhein, Jr. Confirmed Among Victims in TWA Crash
July 18, 1996, Houston, Texas........Reading & Bates Corporation (RB-
NYSE) announced today that C. Kirk Rhein, Jr., a member of the Company's
board of directors and former Vice Chairman of the Company, has been
confirmed as being a passenger aboard TWA Flight 800 that crashed
following take-off from New York's JFK International Airport en route to
Paris yesterday evening. All passengers are missing and presumed dead at
this time.
Mr. Rhein had served as a director of the Company since 1991 and had
served as Vice Chairman from 1991 until his resignation from that
position in May 1996. He will be missed by all of his fellow board
members, the officers and employees of the Company.
Reading & Bates is a New York Stock Exchange listed company, engaging in
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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