<PAGE> 1
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): June 29, 1995
Commission File Number: 0-18309
MARINE DRILLING COMPANIES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 74-2558926
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
ONE SUGAR CREEK CENTER BLVD. -- SUITE 600, SUGAR LAND, TEXAS 77478-3556
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 243-3000
(Former name if changed since last report)
14141 SOUTHWEST FREEWAY, SUITE 2500, SUGAR LAND, TEXAS 77478-3435
(Former address if changed since last report)
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ITEM 5. OTHER EVENTS
A. On June 29, 1995, the Company announced the addition of
four new independent directors.
ITEM 7(c). EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description
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<S> <C>
99.9 Press release dated June 29, 1995 regarding changes to its Board
of Directors.
</TABLE>
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
MARINE DRILLING COMPANIES, INC.
(Registrant)
Date: June 29, 1995 By: /s/ William H. Flores
--------------------------------------
William H. Flores
Senior Vice President -
Chief Financial Officer and Director
(Principal Financial Officer)
Date: June 29, 1995 By /s/ Joan R. Smith
-----------------------------------------
Joan R. Smith
Vice President, Controller and Secretary
(Principal Accounting Officer)
3<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER EXHIBITS
------- --------
<S> <C>
99.9 Press release dated June 29, 1995 regarding
changes to its Board of Directors.
</TABLE>
4
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EXHIBIT 99.9
NEWS RELEASE
MARINE DRILLING COMPANIES, INC.
One Sugar Creek Center Blvd. -- Suite 600
Sugar Land, Texas 77478-3556
[LOGO] DATE: June 29, 1995
MARINE CONTACT: William O. Keyes or
DRILLING William H. Flores
PHONE: (713) 243-3000
********************************************************************************
MARINE DRILLING ADDS NEW DIRECTORS
SUGAR LAND, TEXAS (June 29, 1995) -- Marine Drilling Companies, Inc.
(NSM-MDCO) announced today that its Board of Directors has added four new
independent directors. These directors are filling two newly created board
seats as well as the vacancies created by the resignation of Michael E. McMahon
in February 1995 and the resignation of Herbert S. Winokur, Jr. in June 1995.
The new directors are Robert L. Barbanell, David A. B. Brown, Howard I. Bull
and Nathaniel A. Gregory.
Robert L. Barbanell is President of Robert L. Barbanell Associates,
Inc., a financial consultant firm. Mr. Barbanell was formerly associated with
Bankers Trust New York Corporation, Consolidated Gold Fields PLC and Loeb
Rhoades & Co.
David A. B. Brown is President of The Windsor Group, Inc., a strategy
consulting firm. Mr. Brown was formerly associated with Comstock Group, Inc.,
Braxton Associates, Teradyne, Inc., Boston Consulting Group, Inc. and Touche
Ross & Co.
Howard I. Bull is President and Chief Executive Officer of Dal-Tile, a
manufacturer and distributor of ceramic tile. Mr. Bull was formerly
associated with York International Corporation, Baker Hughes, Inc., Black &
Decker Manufacturing Company and Westinghouse Defense & Space Center.
Nathaniel A. Gregory is Chairman and Chief Executive Officer of
National Tank Company (Natco). Mr. Gregory was formerly associated with Smith
Barney, Lazard Freres & Co., the Bechtel Group and the University of Chicago.
The Company expects that all nine directors will be nominated for
election at the Company's annual shareholders meeting to be held August 17.
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William O. Keyes, President and Chief Executive Officer, stated that
"We are very pleased to have such qualified individuals join the Company's
board of directors, and we are confident that Marine Drilling will benefit from
their experience and judgment. The Company is also very appreciative of Mr.
Winokur's years of valuable service as a director of the Company during an
important part of the Company's history and regrets that as a result of his
other commitments he will not be continuing as a director of Marine Drilling."
The Company also announced today that it has repurchased a total of
435,000 shares of its common stock pursuant to its previously announced stock
repurchase program.
Marine Drilling owns and operates thirteen jack-up drilling rigs
located in the U.S. Gulf of Mexico. The Company's common stock is listed on
the NASDAQ Stock Market under the symbol MDCO.
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