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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):                      February 14, 2005

WEATHERFORD INTERNATIONAL LTD.

(Exact name of registrant as specified in charter)
         
Bermuda   1-31339   98-0371344
(State of Incorporation)   (Commission File No.)   (I.R.S. Employer Identification No.)
     
515 Post Oak Boulevard    
Suite 600    
Houston, Texas   77027
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 693-4000

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


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Item 1.01. Entry into a Material Definitive Agreement
SIGNATURES


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Item 1.01. Entry into a Material Definitive Agreement

On February 14, 2005, our board of directors approved a $150,000 increase to the 2005 base salary of Bernard J. Duroc-Danner, our Chairman of the Board, President and Chief Executive Officer.

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.

         
  WEATHERFORD INTERNATIONAL LTD.
 
 
Dated: February 18, 2005  /s/ Burt M. Martin    
  Burt M. Martin   
  Senior Vice President and General Counsel  
 

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