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)
March 19, 2004
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
1401 McKinney, Suite 2400
Houston, Texas 77010
(Address of principal executive offices)
Registrant's telephone number,
including area code - 713-759-2600
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events.
We were informed via correspondence from the Department of the Army
dated March 12 and 18, 2004 that they will begin withholding payment on 15
percent of undefinitized task order invoices related to services performed by
our subcontractors under our LogCAP contract beginning April 30, 2004. Whether
the Federal Acquisition Regulation allows the Department of the Army to withhold
these amounts is complex and subject to interpretation. While we do not believe
our LogCAP contract is subject to these provisions and are working with our
customer to address this issue, we will adjust our applicable invoices for the
15 percent withholding beginning April 30, 2004 until the definitization process
is completed, which we believe will be concluded in a matter of months. To the
extent we are subject to the 15 percent withholding, we will withhold similar
amounts from our subcontractors' invoices to us. As a result, we do not expect
this to have a significant or sustained impact on our liquidity. The Department
of the Army has also informed us that they may postpone the implementation date
for another 30 days pending further review.
Halliburton, founded in 1919, is one of the world's largest providers 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 and Engineering and Construction Groups. The company's World Wide Web
site can be accessed at www.halliburton.com.
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: March 19, 2004 By: /s/ Margaret E. Cariere
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Margaret E. Carriere
Vice President and Secretary