UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 13, 2004
UNIT CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-9260 73-1283193
(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
1000 Kensington Tower,
7130 South Lewis,
Tulsa, Oklahoma 74136
(Address Of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (918) 493-7700
(Not Applicable)
(Former Name Or Former Address, If Changed Since Last Report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99 Press release, issued by Unit Corporation's on
January 13, 2004, announcing the retirement of Earle
Lamborn from Unit Corporation and his resignation
from Unit's Board of Directors effective January 15,
2004.
ITEM 9. REGULATION FD DISCLOSURE.
Unit Corporation announced on January 13, 2004 that Earle Lamborn, Senior
Vice President of Drilling, will retire effective January 15, 2004. Along with
his retirement from the company, Mr. Lamborn will also resign from Unit's Board
of Directors. Mr. Lamborn has worked for Unit since its inception in 1963. As a
result of Mr. Lamborn's retirement, Unit's Board of Directors has elected Mr.
Larry Pinkston, Unit's President, as a director of the company effective January
15, 2004.
In connection with Mr. Lamborn's retirement, the company has also
implemented certain management changes for Unit Drilling Company. John Cromling,
Senior Vice President of Drilling Operations, will now be responsible for Unit's
contract drilling operations in Oklahoma and the Texas Panhandle, as well as
being responsible for the purchasing for all Unit rigs. Dave Stafford, Senior
Vice President of Drilling Operations, in addition to his current responsibility
for Unit's contract drilling operations in the Rocky Mountain region will now
also assume responsibility for Unit's Gulf Coast region. Mr. Stafford will also
be responsible for the safety program for all Unit rigs. Both Mr. Cromling and
Mr. Stafford will report to the President of Unit, Larry Pinkston.
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.
Date: January 14, 2004
----------------
UNIT CORPORATION
By: /s/ Larry D. Pinkston
---------------------------
Larry D. Pinkston
President
Exhibit Index
Exhibit No. Description
99 Press Release, issued by Unit Corporation on January 13, 2004
announcing the retirement of Earle Lamborn from Unit
Corporation and his resignation from Unit's Board of Directors
effective January 15, 2004.
news UNIT CORPORATION
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1000 Kensington Tower, 7130 South Lewis Avenue, Tulsa, Oklahoma 74136
Telephone 918 493-7700, Fax 918 493-7714
Contact: John G. Nikkel
Chairman of the Board
and Chief Executive Officer
(918) 493-7700
For Immediate Release...
January 13, 2004
UNIT CORPORATION ANNOUNCES RETIREMENT OF EARLE LAMBORN,
SENIOR VICE PRESIDENT AND DIRECTOR
Tulsa, Oklahoma . . . Unit Corporation (NYSE - UNT) announced today that
Earle Lamborn, Senior Vice President of Drilling, will retire effective January
15, 2004. Along with his retirement from the company, Mr. Lamborn will also
resign from Unit's Board of Directors. Mr. Lamborn has worked for Unit since its
inception in 1963. As a result of Mr. Lamborn's retirement, Unit's Board of
Directors has elected Mr. Larry Pinkston, Unit's President, as a director of the
company effective January 15, 2004.
John Nikkel, Chairman of Unit Corporation, said "Earle has been an
incredible asset to Unit for the 40 years he has been with this company, working
to grow what started as a three rig drilling company and bringing it to an
88-rig fleet operating throughout the Mid-Continent. We believe Earle's 50+
years of experience and knowledge in this industry is unparalleled. He will be
greatly missed."
In connection with Mr. Lamborn's retirement, the company has also
implemented certain management changes for Unit Drilling Company. John Cromling,
Senior Vice President of Drilling Operations, will now be responsible for Unit's
contract drilling operations in Oklahoma and the Texas Panhandle, as well as
being responsible for the purchasing for all Unit rigs. Dave Stafford, Senior
Vice President of Drilling Operations, in addition to his current responsibility
for Unit's contract drilling operations in the Rocky Mountain region will now
also assume responsibility for Unit's Gulf Coast region. Mr. Stafford will also
be responsible for the safety program for all Unit rigs. Both Mr. Cromling and
Mr. Stafford will report to the President of Unit, Larry Pinkston.
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Unit Corporation is a Tulsa-based, publicly held energy company engaged
through its subsidiaries in oil and gas exploration, production and contract
drilling. Unit's Common Stock is listed on the New York Stock Exchange under the
symbol UNT. For more information about Unit Corporation, visit its website at
http://www.unitcorp.com.