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Baker Hughes Co., et al. – ‘8-K’ for 9/6/22

On: Tuesday, 9/6/22, at 8:03am ET · For: 9/6/22 · Accession #: 1701605-22-129 · File #s: 1-09397, 1-38143

  As Of               Filer                 Filing    For·On·As Docs:Size

 9/06/22  Baker Hughes Co.                  8-K:5,7,9   9/06/22   13:4.2M
          Baker Hughes Holdings LLC

Current Report — Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     54K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     35K 
 3: EX-99.2     Miscellaneous Exhibit                               HTML     13K 
 8: R1          Cover Page                                          HTML     50K 
11: XML         IDEA XML File -- Filing Summary                      XML     12K 
 9: XML         XBRL Instance -- bkr-20220906_htm                    XML     29K 
10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 5: EX-101.DEF  XBRL Definitions -- bkr-20220906_def                 XML     39K 
 6: EX-101.LAB  XBRL Labels -- bkr-20220906_lab                      XML     81K 
 7: EX-101.PRE  XBRL Presentations -- bkr-20220906_pre               XML     40K 
 4: EX-101.SCH  XBRL Schema -- bkr-20220906                          XSD     12K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    20K 
13: ZIP         XBRL Zipped Folder -- 0001701605-22-000129-xbrl      Zip     40K

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

iX: C: C:

bkr-20220906

i 0001701605 i 0000808362 i false00017016052022-09-062022-09-060001701605bkr:BakerHughesaGEcompanyLLCMember2022-09-062022-09-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 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): i September 6, 2022


i Baker Hughes Company						i Baker Hughes Holdings LLC

(Exact name of registrant as specified in charter)

i Delaware

i 1-38143

i 81-4403168

i Delaware

i 1-09397

i 76-0207995

(State of Incorporation)

(Commission File No.)

(I.R.S. Employer
Identification No.)

(State of Incorporation)

(Commission File No.)

(I.R.S. Employer
Identification No.)


i 17021 Aldine Westfield
i Houston,	i Texas	i 77073-5101
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: ( i 713) i 439-8600

(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:


i ☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i i ☐ /			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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


Title of each class	Trading Symbol	Name of each exchange on which registered
i Class A Common Stock, par value $0.0001 per share	i BKR	i The Nasdaq Stock Market LLC
i 5.125% Senior Notes due 2040	-	i The Nasdaq Stock Market LLC

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 i ☐

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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

In connection with today’s announcement of Baker Hughes Company’s (the “Company”) restructuring and simplifying of its organizational structure, Neil Saunders will be departing the Company. The Company and Mr. Saunders have agreed to discuss an appropriate transition period, during which Mr. Saunders will transition his duties to other management personnel. The Company thanks Mr. Saunders for his significant contributions to the Company and wishes him success in his future endeavors.

Item 7.01 Regulation FD Disclosure.

On September 6, 2022, the Chairman, President and Chief Executive Officer of the Company, Lorenzo Simonelli, presented at the Barclays 2022 CEO Energy-Power Conference in New York at 12:40 p.m. Eastern time. A copy of the presentation and news release is furnished with this Form 8-K as Exhibit 99.1 and 99.2, respectively, and incorporated into this Item 7.01 by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

In addition to financial results determined in accordance with generally accepted accounting principles (“GAAP”) that are included in the presentation, certain information included therein could be considered non-GAAP financial measures (as defined under the SEC’s Regulation G). Any non-GAAP financial measures should be considered in addition to, and not as an alternative for, or superior to, operating income (loss) cash flows or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company’s financial statements, including the notes thereto, and filings with the SEC.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


99.1*			Presentation of Baker Hughes Company , dated September 6, 2022
99.2*			News Release of Baker Hughes Company , dated September 6, 2022 – Baker Hughes Announces Simplified Organization to Enhance Profitability and Position for Growth
101.SCH*			Inline XBRL Schema Document
101.CAL*			Inline XBRL Calculation Linkbase Document
101.LAB*			Inline XBRL Label Linkbase Document
101.PRE*			Inline XBRL Presentation Linkbase Document
101.DEF*			Inline XBRL Definition Linkbase Document
104*			Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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.