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)
OCTOBER 30, 2001
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. 75-2677995
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
Page 1 of 5 Pages
The Exhibit Index Appears on Page 4
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 October 30, 2001 registrant issued a press release entitled "Halliburton
Disputes Asbestos Claims" pertaining, among other things, to an announcement
that a jury in Holmes County, Mississippi rendered a verdict against three
companies in an asbestos case in favor of six plaintiffs for a total of $150
million. Registrant's subsidiary, Dresser Industries, Inc., was a defendant in
two of the claims. Registrant's share of the verdict is $21.25 million. The
other two companies were assessed the remainder of the damages. Registrant plans
to vigorously appeal if the verdict is not set aside. Registrant has strong
defenses in response to the plaintiffs' claims. In addition to a complete lack
of proof on key elements of the plaintiffs' claims, there were serious
irregularities in both the jury selection process and the determination of venue
for the case. Registrant believes the Mississippi appellate court will
ultimately vindicate its position.
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 October 30, 2001.
Page 2 of 5 Pages
The Exhibit Index Appears on Page 4
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: November 6, 2001 By: /s/ Susan S. Keith
-----------------------------------
Susan S. Keith
Vice President and Secretary
Page 3 of 5 Pages
The Exhibit Index Appears on Page 4
EXHIBIT INDEX
Exhibit Description
20 Press Release Dated October 30, 2001
Incorporated by Reference
Page 4 of 5 Pages
The Exhibit Index Appears on Page 4
FOR IMMEDIATE RELEASE CONTACT: Wendy Hall - Media Relations
October 30, 2001 Halliburton
(713) 676-5227
wendy.hall@halliburton.com
Cedric Burgher - VP Investor Relations
Halliburton
(713) 676-4933
cedric.burgher@halliburton.com
HALLIBURTON DISPUTES ASBESTOS CLAIMS
DALLAS, Texas - A jury in Holmes County, Miss., rendered a verdict on Friday,
October 26, 2001, against three companies in an asbestos case in favor of six
plaintiffs for a total of $150 million. Halliburton's subsidiary, Dresser
Industries, Inc., was a defendant in two of the claims. Halliburton's share of
the verdict is $21.25 million. The award was for compensatory damages only and
the jury refused to award punitive damages. The other two companies were
assessed the remainder of the damages.
Halliburton will file post trial motions and vigorously appeal if the
verdict is not set aside. Halliburton has strong defenses in response to the
plaintiffs' claims. For example, the Harbison-Walker products to which the
plaintiffs claimed exposure simply did not exist. The only doctor to find a
supposed asbestos-related condition was a doctor hired by plaintiffs' lawyers to
screen potential clients for asbestos-related disease.
In addition to a complete absence of proof on key elements of the claims
against Halliburton, there were serious irregularities in both the jury
selection process and the determination of the venue of the court that heard the
case. Halliburton believes the Mississippi appellate court will ultimately
vindicate its position.
Halliburton, founded in 1919, is the world's largest provider of products
and services to the petroleum and energy industries. The company serves its
customers with a broad range of products and services through its Energy
Services Group and Engineering and Construction Group business segments. The
company's World Wide Web site can be accessed at www.halliburton.com.
# # #
Page 5 of 5 Pages
The Exhibit Index Appears on Page 4