Item 8.01 Other Events.
On March 23, 2009 Baker Hughes Incorporated (the "Company") announced that
effective May 4, 2009; it will organize its global operations by geography.
Western Hemisphere operations will report to John A. ("Andy") O'Donnell who will
be named the Company's Vice President and President Baker Hughes Western
Hemisphere Operations. Eastern Hemisphere operations will report to the
Company's Vice President and President Eastern Hemisphere Operations who will be
named at a later date. The product line marketing and technology organizations
will report to Derek Mathieson who will be named the Company's Vice President
and President Products and Technology.
A copy of the news release is furnished with this Form 8-K as Exhibit 99.1 and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(c) Exhibit 99.1 - News Release dated March 23, 2009.
Forward-Looking Statements
This Form 8-K (and oral statements made regarding the subjects of this Form 8-K)
contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, (each a "Forward-Looking Statement"). The word "are
expected" and similar expressions, are intended to identify forward-looking
statements. There are many risks and uncertainties that could cause actual
results to differ materially from our forward-looking statements. These
forward-looking-statements are also affected by the risk factors described in
the Company's Annual Report on Form 10-K for the year ended December 31, 2008;
and those set forth from time to time in our other filings with the Securities
and Exchange Commission ("SEC"). The documents are available through the
Company's website at http://www.bakerhughes.com/investor or through the SEC's
Electronic Data Gathering and Analysis Retrieval System (EDGAR) at
http://www.sec.gov. We undertake no obligation to publicly update or revise any
forward-looking statement.