Weatherford International Ltd.
EANS-Adhoc: Weatherford Files Form 8-K
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Form 8-K
23.02.2012
GENEVA, Feb. 22, 2012 -- Weatherford International Ltd. (NYSE / Euronext Paris /
SIX: WFT) today informs its shareholders that a Form 8-K has been filed with the
U.S. Securities and Exchange Commission ("SEC"). The Form 8-K discloses that on
February 15, 2012 Weatherford's Board of Directors approved an Executive
Compensation Clawback Policy setting out the terms under which Weatherford may
seek to recover incentive compensation from its officers under certain
circumstances. The Board of Director's also amended the Articles of Association
of Weatherford International Ltd. to reflect a CHF 1.9 million increase in
capital from the issuance of 1.7 million shares from conditional capital on the
exercise of warrants. The Compensation Committee of Weatherford's Board of
Directors established new criteria for future awards of performance units to
officers. These performance criteria include metrics based on (a) total
shareholder return relative to certain Weatherford peers and (b) compounded
annual growth rate of shareholder value. The Compensation Committee also
approved an addendum for use with certain future equity grants under the
Weatherford International Ltd. 2010 Omnibus Incentive Plan and established the
2012 base salaries of its corporate officers.
(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO)
Weatherford International Ltd. makes available free of charge on its website,
its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports
on Form 8-K, reports filed pursuant to Section 16 of the U.S. Securities
Exchange Act of 1934 and amendments to those reports filed with or furnished to
the SEC as soon as reasonably practicable after Weatherford International Ltd.
electronically files these documents with, or furnishes them to, the SEC. These
documents are posted on Weatherford International Ltd.'s website at
www.weatherford.com - under "Investor Relations."
The SEC maintains a website that contains reports, proxy statements and other
information regarding issuers that file electronically with the SEC. These
materials may be obtained electronically by accessing the SEC's home page at
http://www.sec.gov.
Copies of the above referenced information will also be made available, free of
charge, by calling or upon written request to:
Weatherford International Ltd.
Investor Relations
4-6 Rue Jean-Francois Bartholoni
1204 Geneva, Switzerland
SOURCE Weatherford International Ltd.
Further inquiry note:
Andrew P. Becnel +41.22.816.1502
Chief Financial Officer
Karen David-Green
Vice President - Investor Relations +1.713.836.7430
end of announcement euro adhoc
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issuer: Weatherford International Ltd.
Rue Jean-Francois Bartholoni 4-6
CH-1204 Geneva
phone: +41.22.816.1500
FAX: +41.22.816.1599
mail: karen.david-green@weatherford.com
WWW: http://www.weatherford.com
sector: Oil & Gas - Upstream activities
ISIN: CH0038838394
indexes:
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
Paris
language: English