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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 (date of earliest event reported)
DECEMBER 12, 1996
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 73-0271280
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
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INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item any events,
with respect to which information is not otherwise called for by this form, that
the registrant deems of importance to security holders.
On December 12, 1996, registrant issued a press release entitled
Halliburton Company Reorganization pertaining, among other things, to an
announcement that it has completed a reorganization of its legal structure. The
purpose of the reorganization is to improve internal operating flexibility and
reduce certain state taxes. A new parent holding company has been created which
owns the previous publicly held company. The name of the new parent company is
Halliburton Company and the name of the former public company is Halliburton
Energy Services, Inc. Existing Halliburton Company common stock certificates
will remain in force and effect; no exchange of certificates will take place.
The reorganization will be tax free to registrant's shareholders.
The foregoing summary is subject to the full text of the press release
with respect thereto, a copy of which is attached hereto as Exhibit 20, which
exhibit is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated December 12, 1996.
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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.
HALLIBURTON COMPANY
Date: December 12, 1996 By: /s/Robert M. Kennedy
------------------------
Robert M. Kennedy
Vice President-Legal
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
December 12, 1996 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact - Steve Moore
December 12, 1996 Director of Communications
(214) 978-2696
HALLIBURTON COMPANY REORGANIZATION
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today that it has
completed a reorganization of its legal structure under amended Delaware law. A
new parent holding company has been created which owns the previous publicly
held company. The name of the new parent company is Halliburton Company. The
name of the former public company has been changed to Halliburton Energy
Services, Inc.
The purpose of this reorganization is to improve internal operating
flexibility and reduce the overall impact of certain state taxes. The company's
domestic energy services business units will operate through subsidiary
corporations rather than as divisions of the parent company. Otherwise, the
business operations of the company will not change as a result of implementing
the new legal structure.
The reorganization was structured in a manner that did not require action
by Halliburton's shareholders, whose rights, privileges and interests will
remain the same with respect to the new parent corporation. Existing Halliburton
Company common stock certificates will remain in force and effect; no exchange
of certificates will take place. Halliburton Company has received an opinion of
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counsel that the reorganization is tax free to its shareholders. The company's
name, charter, by-laws and board of directors did not change as a result of the
reorganization. The new parent company will continue to be traded with the
ticker symbol "HAL" on the New York Stock Exchange and its CUSIP number will not
change.
Halliburton Company is one of the world's largest diversified energy
services, engineering, maintenance, and construction companies. Halliburton
provides a broad range of energy services and products, industrial and marine
engineering and construction services.
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