Current Report Filing (8-k)

Date : 08/28/2019 @ 11:31AM
Source : Edgar (US Regulatory)
Stock : Independence Contract Drilling Inc (ICD)
Quote : 0.842  -0.0732 (-8.00%) @ 9:02PM
Independence Contract Dr... share price Chart

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): August 28, 2019

 

 

Independence Contract Drilling, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   001-36590   37-1653648

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

20475 Hwy 249, Suite 300, Houston, Texas 77070

(Address of principal executive offices)

 

(281) 598-1230

(Registrant’s telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

¨ 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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

 

 Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange where registered
Common Stock, $0.01 par value per share   ICD   New York Stock Exchange

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On August 29, 2019, Independence Contract Drilling, Inc. will meet with investors and provide the following presentation slides attached as Exhibit 99.1 to this Current Report on Form 8-K, which are incorporated herein by reference.

 

Included in this presentation is a rig fleet update that provides the following information as of August 28, 2019:

 

· 21 rigs currently operating under drilling contracts
· Two rigs scheduled for mobilization over next 10 days pursuant to signed drilling contracts
· Previously announced 300 series upgrade being marketed for mobilization late 3Q’19 and early 4Q’19
· Previously announced SCR-to-300 series conversion on schedule and being marketed for a mid 4Q’19 mobilization
· Additional opportunities for 3Q’19 and 4Q’19 also being actively pursued at various stages of the contracting process

 

The information furnished pursuant to Item 7.01, including Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, shall not otherwise be subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of these slides is not intended to constitute a representation that such information is required by Regulation FD or that the materials they contain include material information that is not otherwise publicly available

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits
   
99.1 Investor Presentation Slides

 

 

 

 

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.

 

  Independence Contract Drilling, Inc.
     
     
Date: August 28, 2019 By:

/s/ Philip A. Choyce 

  Name:   Philip A. Choyce
  Title: Executive Vice President and Chief Financial Officer

 

 

 

 

Exhibit Index

 

Exhibit

Number

  Description of the Exhibits
99.1   Investor Presentation Slides

 

 

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