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): | July 8, 2008 |
Newpark Resources, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 001-02960 | 72-1123385 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2700 Research Forest Drive, Suite 100, The Woodlands, Texas | 77381 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 281-362-6800 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 8, 2008, Newpark Resources, Inc. issued a press release providing an update on the proposed sale of its U. S. Environmental Services business to a subsidiary of CCS Corporaton and announcing that the proposed sale is unlikely to occur before the end of July 2008, as previously announced, as a result of delays in the regulatory review process. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibits
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99.1 -- Press release issued by Newpark Resources, Inc. on July 8, 2008.
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.
Newpark Resources, Inc. | ||||
July 8, 2008 | By: |
James E. Braun
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Name: James E. Braun | ||||
Title: Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release dated July 8, 2008. |
NEWS RELEASE
Contacts: James E. Braun, CFO Newpark Resources, Inc.
281-362-6800
FOR IMMEDIATE RELEASE
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Ken Dennard, Managing Partner Dennard Rupp Gray & Easterly, LLC ksdennard@drg-e.com 713-529-6600 |
NEWPARK RESOURCES PROVIDES UPDATE ON SALE
OF ITS U.S. ENVIRONMENTAL SERVICES BUSINESS
THE WOODLANDS, TX July 8, 2008 Newpark Resources, Inc. (NYSE: NR) today provided an update on the proposed sale of its U.S. Environmental Services business to a subsidiary of CCS Corporation. As announced on April 16, 2008, the sale of this business was expected to occur in July 2008, subject to the receipt of customary regulatory approvals. The Federal Trade Commission has issued a request for additional information and documentary materials (commonly referred to as a second request) as part of the Hart-Scott-Rodino Act review process. As a result of this request, the proposed transaction is unlikely to close before the end of July 2008 as previously announced. Newpark plans to provide an update during its second quarter earnings conference call currently scheduled for Friday, August 1, 2008.
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets, and environmental waste treatment solutions. For more information, visit our website at www.newpark.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are based on managements current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about Newparks proposed sale of the environmental services business, Newparks strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like expects, anticipates, plans, intends, projects, indicates, and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Newpark, particularly its Annual Report on Form 10-K for the year ended December 31, 2007, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to, the receipt of required regulatory approval and the satisfaction of the closing conditions for the proposed sale of the environmental services business, the investigation of the certain accounting matters by the Securities and Exchange Commission; changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which Newpark does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of Newpark products. Newparks filings with the Securities and Exchange Commission can be obtained at no charge at www.sec.gov, as well as through our website at www.newpark.com.
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