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<TITLE>Form 8-K</TITLE>
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<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>WASHINGTON, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of
Report: August&nbsp;19, 2013 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of earliest event reported: August 16, 2013 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>MRC GLOBAL INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>001-35479</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>20-5956993</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>File Number)</B></FONT></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification Number)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>2 Houston Center, 909 Fannin, Suite 3100, </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Houston, TX 77010 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices, including zip code) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code: (877) 294-7574 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">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): </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to a Current Report on Form 8-K filed on August&nbsp;9, 2013, MRC Global
Inc. (the &#147;Company&#148;) reported that James F. Underhill, the Company&#146;s Executive Vice President&nbsp;&amp; Chief Operating Officer&#151;U.S. Operations, has agreed to retire from the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company and Mr.&nbsp;Underhill are parties to a Second Amended and Restated Employment Agreement dated as of December&nbsp;5,&nbsp;2011 (the
&#147;Employment Agreement&#148;). Pursuant to the Employment Agreement, the Company is separating Mr.&nbsp;Underhill from service without Cause (as defined in the Employment Agreement) effective August&nbsp;31, 2013 due to the elimination of
Mr.&nbsp;Underhill&#146;s position of Chief Operating Officer &#150; U.S. Operations and the consolidation of that position with the position of Executive Vice President- Business Development. Subject to Mr.&nbsp;Underhill&#146;s execution of a
release of the Company of certain liabilities and the continued compliance with certain covenants, the Employment Agreement provides Mr.&nbsp;Underhill certain post termination benefits. These benefits include the following: </FONT></P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">separation payments equal to Mr.&nbsp;Underhill&#146;s base salary of $500,000, paid in 12 monthly installments, </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">an annual incentive bonus for 2013 based on actual Company performance, prorated for the number of days Mr.&nbsp;Underhill was actively employed in
2013, paid in early 2014 at the same time as other executives of the Company after the review of 2013 results, </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the continuation of medical, dental and vision benefits for 12 months, and </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">payment for accrued but unused vacation days. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">To receive these benefits, under the Employment Agreement, Mr.&nbsp;Underhill is required to comply with the following covenants: </FONT></P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill must execute a release in favor of the Company. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill must maintain the confidentiality of confidential information of the Company. </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill may not compete against the Company for 12 months. </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill may not solicit business from the Company&#146;s customers or the employment of the Company&#146;s employees for 12 months, or
otherwise interfere Company business relationships. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill may not interfere with the proprietary rights of the Company. </FONT></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill must not make statements that disparage the Company. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill must cooperate with the Company with respect to matters that occurred while he was employed by the Company and provide the Company
with consulting services regarding IT matters and U.S. operations as the Company requests. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">As a result of his thirty-three
years of service to the Company, Mr.&nbsp;Underhill will be considered &#147;retired&#148; for the purposes of his outstanding, unvested awards of 135,594 options and 5,324&nbsp;shares of restricted stock. The options were issued at strike prices
between $18.10 and $29.35 and vest in installments through May 2017; and the restricted stock awards vest in installments through March 2018. During the remaining vesting period of each award, so long as Mr.&nbsp;Underhill does not compete with the
Company or solicit business from the Company&#146;s customers or the employment of the Company&#146;s employees, these awards will continue to be governed by the applicable award agreement and equity award plan, except that each option will continue
to vest in accordance with the original vesting schedule. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Underhill is a participant in the McJunkin Red Man Corporation
Nonqualified Deferred Compensation Plan (the &#147;NQD Plan&#148;). As a result of his departure, a &#147;Separation of Service&#148; will have occurred under the NQD Plan, and Mr.&nbsp;Underhill will receive the benefits to which he is entitled
under the NQD Plan in accordance with its terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has entered into a Separation Agreement and Complete Release dated August 16,
2013 with Mr.&nbsp;Underhill to give effect to the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company also entered into a Consulting Agreement (the &#147;Consulting
Agreement&#148;) with Mr.&nbsp;Underhill pursuant to which Mr.&nbsp;Underhill will perform certain consulting services for the Company pertaining to the Company&#146;s IT systems and U.S. operations and Mr.&nbsp;Underhill&#146;s duties for the
Company prior to his separation. The Consulting Agreement commences September&nbsp;1, 2014 and ends on March&nbsp;31, 2015. For the services to be rendered under the Separation Agreement, Mr.&nbsp;Underhill will be entitled to a consulting fee of
$250,000, payable in six equal monthly installments, subject to further compliance with certain covenants pertaining to confidentiality, non-competition, non-solicitation of Company employees and non-interference with Company business relationships,
and protection of proprietary rights of the Company. Pursuant to the Consulting Agreement, Mr.&nbsp;Underhill&#146;s covenants not to compete with the Company or solicit the business of the Company&#146;s customers or the employment of the
Company&#146;s employees have been extended an additional six months beyond the period required under the Employment Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: August&nbsp;19, 2013 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">MRC GLOBAL INC.</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;/s/ Daniel J. Churay</FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Daniel J. Churay</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President- Corporate Affairs, General Counsel and Corporate Secretary</FONT></TD></TR>
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{"company-data": {"conformed-name": "MRC GLOBAL INC.", "cik": "0001439095", "assigned-sic": "5084", "irs-number": "205956993", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35479", "film-number": "131048772"}, "business-address": {"street1": "2 HOUSTON CENTER", "street2": "909 FANNIN, SUITE 3100", "city": "HOUSTON", "state": "TX", "zip": "77010", "phone": "877.294.7574"}, "mail-address": {"street1": "2 HOUSTON CENTER", "street2": "909 FANNIN, SUITE 3100", "city": "HOUSTON", "state": "TX", "zip": "77010"}, "former-company": {"former-conformed-name": "MCJUNKIN RED MAN HOLDING CORP", "date-changed": "20080702"}}
Form 8-K
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: August 19, 2013
Date of earliest event reported: August 16, 2013
MRC GLOBAL INC.
(Exact name of registrant as specified in its charter)
Delaware
001-35479
20-5956993
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
2 Houston Center, 909 Fannin, Suite 3100,
Houston, TX 77010
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (877) 294-7574
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):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Pursuant to a Current Report on Form 8-K filed on August 9, 2013, MRC Global
Inc. (the "Company") reported that James F. Underhill, the Company's Executive Vice President & Chief Operating Officer—U.S. Operations, has agreed to retire from the Company.
The Company and Mr. Underhill are parties to a Second Amended and Restated Employment Agreement dated as of December 5, 2011 (the
"Employment Agreement"). Pursuant to the Employment Agreement, the Company is separating Mr. Underhill from service without Cause (as defined in the Employment Agreement) effective August 31, 2013 due to the elimination of
Mr. Underhill's position of Chief Operating Officer – U.S. Operations and the consolidation of that position with the position of Executive Vice President- Business Development. Subject to Mr. Underhill's execution of a
release of the Company of certain liabilities and the continued compliance with certain covenants, the Employment Agreement provides Mr. Underhill certain post termination benefits. These benefits include the following:
•
separation payments equal to Mr. Underhill's base salary of $500,000, paid in 12 monthly installments,
•
an annual incentive bonus for 2013 based on actual Company performance, prorated for the number of days Mr. Underhill was actively employed in
2013, paid in early 2014 at the same time as other executives of the Company after the review of 2013 results,
•
the continuation of medical, dental and vision benefits for 12 months, and
•
payment for accrued but unused vacation days.
To receive these benefits, under the Employment Agreement, Mr. Underhill is required to comply with the following covenants:
•
Mr. Underhill must execute a release in favor of the Company.
•
Mr. Underhill must maintain the confidentiality of confidential information of the Company.
•
Mr. Underhill may not compete against the Company for 12 months.
•
Mr. Underhill may not solicit business from the Company's customers or the employment of the Company's employees for 12 months, or
otherwise interfere Company business relationships.
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•
Mr. Underhill may not interfere with the proprietary rights of the Company.
•
Mr. Underhill must not make statements that disparage the Company.
•
Mr. Underhill must cooperate with the Company with respect to matters that occurred while he was employed by the Company and provide the Company
with consulting services regarding IT matters and U.S. operations as the Company requests.
As a result of his thirty-three
years of service to the Company, Mr. Underhill will be considered "retired" for the purposes of his outstanding, unvested awards of 135,594 options and 5,324 shares of restricted stock. The options were issued at strike prices
between $18.10 and $29.35 and vest in installments through May 2017; and the restricted stock awards vest in installments through March 2018. During the remaining vesting period of each award, so long as Mr. Underhill does not compete with the
Company or solicit business from the Company's customers or the employment of the Company's employees, these awards will continue to be governed by the applicable award agreement and equity award plan, except that each option will continue
to vest in accordance with the original vesting schedule.
Mr. Underhill is a participant in the McJunkin Red Man Corporation
Nonqualified Deferred Compensation Plan (the "NQD Plan"). As a result of his departure, a "Separation of Service" will have occurred under the NQD Plan, and Mr. Underhill will receive the benefits to which he is entitled
under the NQD Plan in accordance with its terms.
The Company has entered into a Separation Agreement and Complete Release dated August 16,
2013 with Mr. Underhill to give effect to the foregoing.
The Company also entered into a Consulting Agreement (the "Consulting
Agreement") with Mr. Underhill pursuant to which Mr. Underhill will perform certain consulting services for the Company pertaining to the Company's IT systems and U.S. operations and Mr. Underhill's duties for the
Company prior to his separation. The Consulting Agreement commences September 1, 2014 and ends on March 31, 2015. For the services to be rendered under the Separation Agreement, Mr. Underhill will be entitled to a consulting fee of
$250,000, payable in six equal monthly installments, subject to further compliance with certain covenants pertaining to confidentiality, non-competition, non-solicitation of Company employees and non-interference with Company business relationships,
and protection of proprietary rights of the Company. Pursuant to the Consulting Agreement, Mr. Underhill's covenants not to compete with the Company or solicit the business of the Company's customers or the employment of the
Company's employees have been extended an additional six months beyond the period required under the Employment Agreement.
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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 hereunto duly authorized.
Date: August 19, 2013
MRC GLOBAL INC.
By:
/s/ Daniel J. Churay
Daniel J. Churay
Executive Vice President- Corporate Affairs, General Counsel and Corporate Secretary
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