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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): September 17, 2008
NEWPARK RESOURCES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-2960
(Commission
File Number)
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72-1123385
(IRS Employer
Identification No.) |
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2700 Research Forest Drive, Suite 100
The Woodlands, TX
(Address of principal executive offices)
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77381
(Zip Code) |
Registrants telephone number, including area code: (281) 362-6800
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
Item 7.01 Regulation FD Disclosure.
On September 17, 2008, Newpark Resources, Inc. (Newpark) issued a press release providing an
operational update on its Gulf Coast operations following its initial assessment of the impact of
Hurricane Ike. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K.
The information referenced under Item 7.01 (including Exhibit 99.1 referenced in Item 9.01
below) of this Current Report on Form 8-K is being furnished under Item 7.01. Regulation FD
Disclosure and, as such, shall not be deemed to be filed for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the
liabilities of that Section. The information set forth in this Current Report on Form 8-K
(including Exhibit 99.1 referenced in Item 9.01 below) shall not be incorporated by reference into
any registration statement, report or other document filed by Newpark pursuant to the Securities
Act of 1933, as amended (the Securities Act), except as shall be expressly set forth by specific
reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No.
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Description |
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99.1
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Press release dated September 17, 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.
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NEWPARK RESOURCES, INC.
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Dated: September 17, 2008 |
By: |
/s/ James E. Braun
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James E. Braun, Vice President and |
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Chief Financial Officer
(Principal Financial Officer) |
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Exhibit Index
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Exhibit No.
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Description |
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99.1
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Press release dated September 17, 2008. |
exv99w1
Exhibit 99.1
NEWPARK RESOURCES PROVIDES OPERATIONAL
UPDATE FOLLOWING HURRICANE IKE
THE WOODLANDS, TX September 17, 2008 Newpark Resources, Inc. (NYSE: NR) today provided an
update on its Gulf Coast operations following its initial assessment of the impact of Hurricane
Ike.
The hurricane caused a loss of power and flooding in the Texas and Louisiana Gulf Coast
region. The greater Houston area is still experiencing widespread power outages; and as a part of
its disaster preparedness plan, Newpark has switched its key information technology systems to its
backup disaster center location. Members of the management team without access to power have moved
to other Newpark offices located outside of the effected region.
Most Gulf Coast facilities in the Companys Fluids Systems and Engineering segment did not
suffer major damage, but many have only recently had power restored, including the barite grinding
facility in Houston. Other grinding facilities located in Corpus Christi and Brownsville, Texas
had no damage and continue with normal operations. However, the Cameron, Louisiana area was hit
hard by a tidal surge; and at this point access is limited, but major damage is expected at that
location. In the Mats and Integrated Services segment, the division office in Lafayette, Louisiana
was not impacted; had no significant damage to its facilities; and its operations were not
interrupted. The Environmental Services business suffered major damage at the Port Arthur, Texas
facility, and major damage is expected at the Cameron, Louisiana facility as well.
Paul Howes, President and Chief Executive Officer of Newpark, stated, We implemented our
disaster preparedness plan last Thursday and continue to focus on getting our facilities operating
to pre-storm levels. We are especially focused on our barite operations and are optimistic that we
will be able to continue to satisfy the needs of our customers.
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
potential damage to Newparks facilities from Hurricane Ike and its impact upon operations,
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 extent of damages suffered as a result of the storm and its impact on
operations, Newparks successful completion of the proposed sale of the environmental 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 http://www.sec.gov, as well as through our website at http://www.newpark.com.
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