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): August 13, 2003
McDERMOTT INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
REPUBLIC OF PANAMA 1-8430 72-0593134
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(State or other jurisdiction (Commission) (IRS Employer
of incorporation) File No.) Identification No.)
1450 Poydras Street, New Orleans, Louisiana 70112-6050
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (504) 587-5400
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Item 5. Other Events
Standard & Poor's Rating Group announced on Wednesday August 13, 2003
that McDermott International, Inc. will no longer be included in the
S&P 500 stock index after the close of trading on August 19, 2003.
Standard & Poor's stated that its reason for removal of McDermott from
the index is due to our low market capitalization. We expect that this
announcement will result in selling by S&P 500 index funds that
presently hold our common stock. As of August 14, 2003, we believe that
approximately 9% of our outstanding shares of common stock were held by
S&P 500 index funds.
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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 thereunto duly authorized.
McDERMOTT INTERNATIONAL INC.
By: /s/Thomas A. Henzler
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Thomas A. Henzler
Vice President Finance
and Corporate Controller
August 14, 2003
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