Willbros Group 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Amendment No. 1
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 18, 2010
WILLBROS GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
(Registrant’s Telephone Number, Including Area Code)
(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):
As previously disclosed on Form 8-K filed on December 18, 2009, Willbros Group, Inc., a Delaware corporation (the “Registrant”, which term includes its predecessor Willbros Group, Inc., a Republic of Panama corporation), among other things, retrospectively adopted the provisions of FASB Staff Position No. APB 14-1. In doing so, the Registrant incorrectly presented 4,971,792 shares associated with convertible debt in its diluted earnings per share calculation for the year ended December 31, 2008 and 5,318,146 for the three months ended December 31, 2007. The additional imputed interest expense incurred in connection with the adoption of APB 14-1 caused interest per convertible share to exceed basic earnings per share, thus causing the convertible debt to be anti-dilutive. This Form 8-K/A amends the Form 8-K filed on December 18, 2009 by amending Item 9.01 Financial Statements and Exhibits to exclude the impact of these convertible shares from the calculation of diluted earnings per share.
The impact of these changes have been made to the following sections to the current report on Form 8-K:
The financial statement notes in Item 8 that were impacted by these changes include:
This amended report should be read in conjunction with the previously filed Form 8-K, the Registrant’s Form 10-K for fiscal 2008 and the Registrant’s subsequent filings.
Item 9.01. Financial Statements and Exhibits.
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.