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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): May 19, 2011
WEATHERFORD INTERNATIONAL LTD.
(Exact name of registrant as specified in its charter)
         
Switzerland
(State or other jurisdiction of
incorporation)
  001-34258
(Commission File Number)
  98-0606750
(I.R.S. Employer Identification No.)
     
4-6 Rue Jean-François Bartholoni, 1204 Geneva, Switzerland
(Address of principal executive offices)
  Not Applicable
(Zip Code)
Registrant’s telephone number, including area code: 41.22.816.1500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 5.07 Submission of Matters to a Vote of Security Holders
Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits
SIGNATURES
INDEX TO EXHIBITS
EX-4.1
EX-5.1


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Item 5.07 Submission of Matters to a Vote of Security Holders.
We held our 2011 Annual Meeting of Shareholders on May 25, 2011 (the “Annual Meeting”). The following are the results of the matters voted upon by the shareholders at the Annual Meeting:
                                             
            Outcome of   Votes   Votes   Votes   Broker
            Vote   For   Against   Abstaining   Non-Votes
  1.    
Approve the 2010 Annual Report, the Consolidated Financial Statements for fiscal year 2010 and the Statutory Financial Statements of Weatherford International Ltd. for fiscal year 2010.
  FOR     550,521,597       1,506,439       2,946,984       0  
       
 
                                   
  2.    
Discharge of the Board of Directors and executive officers from liability for the year ended December 31, 2010.
  FOR     417,683,870       130,144,593       7,146,557       0  
       
 
                                   
  3.    
Elect the following directors:
                                   
       
Bernard J. Duroc-Danner
  FOR     467,422,406       11,281,518       606,808       75,664,288  
       
Samuel W. Bodman, III
  FOR     435,945,928       42,922,450       442,354       75,664,288  
       
Nicholas F. Brady
  FOR     475,303,559       3,571,756       435,417       75,664,288  
       
David J. Butters
  FOR     356,488,740       122,380,175       441,817       75,664,288  
       
William E. Macaulay
  FOR     435,239,800       43,631,505       439,427       75,664,288  
       
Robert B. Millard
  FOR     473,414,369       5,329,268       567,095       75,664,288  
       
Robert K. Moses, Jr.
  FOR     330,290,446       148,594,043       426,243       75,664,288  
       
Guillermo Ortiz
  FOR     474,443,896       4,421,265       445,571       75,664,288  
       
Emyr Jones Parry
  FOR     476,937,126       1,926,121       447,485       75,664,288  
       
Robert A. Rayne
  FOR     366,299,207       112,573,597       437,928       75,664,288  
       
 
                                   
  4.    
Appoint Ernst & Young LLP as our independent registered public accounting firm and re-elect Ernst & Young Ltd, Zurich as statutory auditor.
  FOR     429,834,850       124,576,204       563,966       0  
       
 
                                   
  5.    
Adopt an advisory resolution approving the compensation of the named executive officers.
  AGAINST     208,114,962       265,396,558       5,799,212       75,664,288  
                                                 
            Votes for   Votes for   Votes for   Votes   Broker
            1 Year   2 Years   3 Years   Abstaining   Non-Votes
  6.    
Advisory vote on the frequency of future advisory votes on named executive officer compensation.
    433,173,889       3,421,510       37,063,643       5,651,690       75,664,288  
In accordance with the results of the advisory vote on Item 6 above and as recommended by our board of directors, we have determined to hold an advisory vote on named executive officer compensation every year until the next shareholder vote on the frequency of shareholder votes on the compensation of named executive officers pursuant to applicable securities laws.
Item 8.01 Other Events.
On May 19, 2011, we entered into a registration rights agreement (the “Agreement”) through which we agreed to register with the U.S. Securities and Exchange Commission 1,623,680 of our registered shares (the “Shares”) that were issued in a non-material acquisition to facilitate the resale of the Shares by the recipients thereof. On May 25, 2011, we are filing a prospectus supplement covering the Shares under our registration statement on Form S-3 (Registration No. 333-174485) filed with the U.S. Securities and Exchange Commission. A copy of the Agreement is attached to this Form 8-K as Exhibit 4.1 and incorporated herein by reference. In connection with the registration of the Shares, we are filing a legal opinion as Exhibit 5.1 to this Form 8-K.

 


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Item 9.01 Financial Statements and Exhibits.
(d)     Exhibits.
     
4.1
  Registration Rights Agreement between Weatherford International Ltd. and the representative of certain shareholders dated May 19, 2011.
 
   
5.1
  Opinion of Baker & McKenzie Geneva regarding the validity of the Shares.

 


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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.
         
  WEATHERFORD INTERNATIONAL LTD.
 
 
Date: May 25, 2011  /s/ Joseph C. Henry    
  Joseph C. Henry   
  Vice President, Co-General Counsel and Secretary   

 


Table of Contents

         
INDEX TO EXHIBITS
     
Exhibit    
Number   Description
4.1
  Registration Rights Agreement between Weatherford International Ltd. and the representative of certain shareholders dated May 19, 2011.
 
   
5.1
  Opinion of Baker & McKenzie Geneva regarding the validity of the Shares.