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): July 1, 2010 (June 30, 2010)
TRANSOCEAN LTD.
(Exact name of registrant as specified in its charter)
| Switzerland | 000-53533 | 98-0599916 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 10 Chemin de Blandonnet 1214 Vernier, Geneva Switzerland |
CH-1214 | |
| (Address of principal executive offices) | (zip code) |
Registrant’s telephone number, including area code: +41 (22) 930-9000
(Former name or former address, if changed since last report)
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):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On June 30, 2010, John L. Whitmire notified Transocean Ltd. (the “Company”) of his resignation as a director of the Company effective as of that date.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The exhibit to this report filed pursuant to Item 5.02 is as follows:
| Exhibit No. |
Description | |
| 99.1 |
Press Release dated July 1, 2010. |
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.
| TRANSOCEAN LTD. | ||||
| Date: July 1, 2010 | By: | /s/ Margaret C. Fitzgerald | ||
| Margaret C. Fitzgerald | ||||
| Associate General Counsel | ||||
Exhibit 99.1
| Analyst Contact: | Gregory S. Panagos | News Release | ||||
| +1 713-232-7551 | ||||||
| Media Contact: | Guy A. Cantwell | FOR RELEASE: July 1, 2010 | ||||
| +1 713-232-7647 |
JOHN L. WHITMIRE TO LEAVE TRANSOCEAN LTD. BOARD OF DIRECTORS
ZUG, SWITZERLAND—Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that John L. Whitmire has resigned from its Board of Directors, effective immediately, for health reasons. Mr. Whitmire has served as a director of the company since November 2007. He served as a director of GlobalSantaFe Corporation from November 2001 until November 2007. Mr. Whitmire has served as Chairman of the Board of Directors of CONSOL Energy Inc. since 1999, and was also Chairman of the Board and Chief Executive Officer of Union Texas Petroleum Holding Inc. from 1996 until its acquisition by ARCO in 1998. Mr. Whitmire is also a director of El Paso Corporation.
Transocean Ltd. President and CEO Steven L. Newman said, “John will be missed by all members of our Board and by the company as a whole. He has been an outstanding board member and contributed greatly to the success of both Transocean and GlobalSantaFe. We all wish him the best.”
Transocean, Ltd. is the world’s largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 139 mobile offshore drilling units plus three ultra-deepwater units under construction, Transocean’s fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Transocean owns or operates a contract drilling fleet of 45 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.
For more information about Transocean, please visit our website at www.deepwater.com.
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