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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 14, 1997
Date of earliest event reported: JULY 10, 1997
DIAMOND OFFSHORE DRILLING, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-13926 76-0321760
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
15415 KATY FREEWAY, HOUSTON, TEXAS 77094
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (281) 492-5300
NOT APPLICABLE
(Former name, former address and former fiscal year,
if changed since last report)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On July 10, 1997, Diamond Offshore Drilling, Inc. ("Diamond Offshore")
(NYSE: DO) issued a press release announcing that its Board of Directors has
declared a two-for-one stock split in the form of a stock dividend to
stockholders of record on July 24, 1997. The Diamond Offshore Board has also
declared a quarterly dividend of $0.14 per common share, on the pre-split
shares, payable on August 7,1997 to shareholders of record as of July 24, 1997.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Exhibit number Description
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20.1 Press Release of Diamond Offshore Drilling, Inc. dated
July 10, 1997 (filed herewith).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DIAMOND OFFSHORE DRILLING, INC.
By: /s/ RICHARD L. LIONBERGER
----------------------------------
Richard L. Lionberger
Vice President, General Counsel
and Secretary
Dated: July 14, 1997
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EXHIBIT INDEX
Exhibit number Description
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20.1 Press Release of Diamond Offshore Drilling, Inc. dated
July 10, 1997 (filed herewith).
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EXHIBIT 20.1
FOR IMMEDIATE RELEASE CONTACT: Caren W. Steffes
Thursday, July 10, 1997 (281) 492-5393
DIAMOND OFFSHORE DRILLING, INC.
DECLARES TWO-FOR-ONE STOCK SPLIT
AND QUARTERLY DIVIDEND
Houston, Texas, July 10, 1997 -- Diamond Offshore Drilling, Inc.
(NYSE:DO) reported today that its Board of Directors has declared a two-for-one
stock split in the form of a stock dividend to stockholders of record on
July 24, 1997. Additional stock certificates are expected to be mailed on
August 14, 1997. Following the stock split, approximately 139.3 million
shares will be outstanding.
The Board of Directors also has declared a quarterly dividend of $0.14
per common share, on the pre-split shares, payable August 7, 1997 to
stockholders of record on July 24, 1997. The dividend on the pre-split shares
would be the equivalent to an annual dividend rate of $0.56 per common share,
or $0.28 per common share on a post-split basis.
