UNITED STATES
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): October 18, 2000
SUPERIOR ENERGY SERVICES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-20310 75-2379388
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
1105 Peters Road, Harvey, Louisiana 70058
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(504) 362-4321
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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Item 2: Acquisition or Disposition of Assets
Pursuant to a Stock Purchase Agreement dated as of October 18, 2000, by and
among Superior Energy Services, Inc. ("Superior") and Jack Hardy, Mark
Hardy, Dave Hardy, Alan P. Bernard, Chris Baker, International Consulting
Corporation Ltd., Clamic Services Ltd. and Claude Fleary (collectively, the
"Sellers"), Superior acquired all of the issued and outstanding shares,
share capital, capital stock and options to acquire capital stock of
International Snubbing Services, Inc., a Louisiana corporation and its
affiliated companies (collectively, the "ISS Companies"). The purchase
price for the acquisition of the ISS Companies was paid by Superior in
cash. In addition, Superior may be required to make additional payments
dependent upon the ISS Companies meeting specified levels of profitability
in the future.
Superior is not aware of any material relationships between itself, its
affiliates, directors or officers or any associates of its directors or
officers with Messrs. Jack Hardy, Mark Hardy, Dave Hardy, Alan P. Bernard,
Chris Baker, International Consulting Corporation Ltd., Clamic Services
Ltd. or Claude Fleary.
The ISS Companies are international providers of well services, including
hydraulic workover drilling and well control services. The ISS Companies
have a fleet of 11 hydraulic workover and drilling units, and also
manufacture and market their own hydraulic units and related equipment for
their drilling and well service operations. The ISS Companies are
currently operating offshore Australia, Europe, Trinidad, Venezuela and the
United States, and has working agreements to operate in the North Sea and
Brunei.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired
It is impracticable to provide the financial statements for the ISS
Companies required by this item at the time this Current Report on Form 8-K
is filed. The required financial statements will be filed as soon as
practicable, but not later than 60 days after the date this Current Report
on Form 8-K must be filed.
(b) Pro Forma Financial Information.
It is impracticable to provide the pro forma financial information for
the ISS Companies required by this item at the time this Current Report on
Form 8-K is filed. The required pro forma financial information will be
filed as soon as practicable, but not later than 60 days after the date
this Current Report on Form 8-K must be filed.
(c) Exhibits.
99.1. Press Release of Superior Energy Services, Inc.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUPERIOR ENERGY SERVICES, INC.
By: /S/ ROBERT S. TAYLOR
---------------------------
Robert S. Taylor
Chief Financial Officer
and duly authorized officer
Dated: October 19, 2000
