Current Report Filing (8-k)
November 14 2016 - 05:08PM
Edgar (US Regulatory)
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): November 10, 2016
DRIL-QUIP, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-13439
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74-2162088
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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6401 N. Eldridge Parkway
Houston, Texas
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77041
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (713) 939-7711
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 2.01
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Completion of Acquisition or Disposition of Assets.
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On November 10, 2016, Dril-Quip, Inc.
(Dril-Quip) completed the previously announced acquisition of all of the outstanding shares of common stock, par value $100.00 per share, of TIW Corporation, a Texas corporation, for a cash purchase price of $142.7 million, adjusted
pursuant to the Stock Purchase Agreement described herein (the Acquisition). The Acquisition closed pursuant to a Stock Purchase Agreement, dated as of October 14, 2016, by and between Dril-Quip and Pearce Industries, Inc. Dril-Quip
funded the consideration for the Acquisition with cash on hand. The terms of the Acquisition were approved by the board of directors of
Dril-Quip.
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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.
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DRIL-QUIP, INC.
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By:
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/s/ Jerry M. Brooks
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Jerry M. Brooks
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Vice PresidentFinance and Chief Financial Officer
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Date: November 14, 2016
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