Current Report Filing (8-k)

 

 

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): October 17, 2016

 

 

DRIL-QUIP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		001-13439		74-2162088
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
6401 N. Eldridge Parkway Houston, Texas				77041
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: [phone]

 

 

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):

 

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 1.01

Entry into a Material Definitive Agreement.

As previously announced, on August 20, 2012, Dril-Quip do Brasil LTDA, a wholly owned subsidiary of Dril-Quip, Inc., was awarded a four-year contract (the “Contract”) by Petróleo Brasileiro S.A. (“Petrobras”) for the supply of subsea wellhead systems and associated tools to be used in the drilling of deepwater wells offshore Brazil. Following an interim amendment to the Contract to extend its term pending the resolution of discussions, on October 17, 2016, the parties to the Contract entered into an amendment to extend the duration of the Contract by four years and require Petrobras to issue purchase orders totaling a minimum of approximately $31 million (based on current exchange rates) before 2019.

 

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SIGNATURE

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.

 

DRIL-QUIP, INC.
By:		/s/ Jerry M. Brooks
		Jerry M. Brooks
		Vice President—Finance and Chief Financial Officer

Date: October 21, 2016

 

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