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<title>wfrd-20220209</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM180L2ZyYWc6ODQ3ZTQ1ODU4ZGJiNDA5ZDgyN2JlMTRiNDY1MmMwZmIvdGFibGU6ODUzNDgwNTNiMzFiNGM1ODg5YzJmMTY5ZWEzOWMwZTgvdGFibGVyYW5nZTo4NTM0ODA1M2IzMWI0YzU4ODljMmYxNjllYTM5YzBlOF8yLTEtMS0xLTUxOTIy_0bc35688-dd18-4223-b72e-4e0d42481343">0001603923</ix:nonNumeric><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM180L2ZyYWc6ODQ3ZTQ1ODU4ZGJiNDA5ZDgyN2JlMTRiNDY1MmMwZmIvdGFibGU6ODUzNDgwNTNiMzFiNGM1ODg5YzJmMTY5ZWEzOWMwZTgvdGFibGVyYW5nZTo4NTM0ODA1M2IzMWI0YzU4ODljMmYxNjllYTM5YzBlOF8zLTEtMS0xLTUxOTIy_0b414c29-af46-4b4b-a9c8-0c41a4f37adf">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="wfrd-20220209.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001603923</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-02-09</xbrli:startDate><xbrli:endDate>2022-02-09</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ia645f08956bb4622ac1358264da95523_1"></div><div style="min-height:45pt;width:100%"><div><span><br/></span></div></div><div style="padding-left:18pt;padding-right:18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.293%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTc1_0aa73e87-5bbe-47a0-8788-122ad26471b3">8-K</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Date of Report (Date of earliest event reported): <ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8yMjk_aa0af5ab-a44f-420a-b38c-c017bafb58b7">February 9, 2022</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:22pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTcx_3cbea8c3-c81e-41af-b820-8deed88f3054">Weatherford International plc</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.435%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:edgarprovcountryen" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6MzVjYWViYjcyNWJkNGI5YWIzZmIxMTUyMmVlZGQyOTUvdGFibGVyYW5nZTozNWNhZWJiNzI1YmQ0YjlhYjNmYjExNTIyZWVkZDI5NV8wLTAtMS0xLTUxOTIy_6af05f94-4d40-4ced-a7d0-7fdb6db85df0">Ireland</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6MzVjYWViYjcyNWJkNGI5YWIzZmIxMTUyMmVlZGQyOTUvdGFibGVyYW5nZTozNWNhZWJiNzI1YmQ0YjlhYjNmYjExNTIyZWVkZDI5NV8wLTEtMS0xLTUxOTIy_6e571d07-3fc2-406c-9a46-ee91794ead49">001-36504</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6MzVjYWViYjcyNWJkNGI5YWIzZmIxMTUyMmVlZGQyOTUvdGFibGVyYW5nZTozNWNhZWJiNzI1YmQ0YjlhYjNmYjExNTIyZWVkZDI5NV8wLTItMS0xLTUxOTIy_756b34d4-3739-4686-aaac-11e18bfcb1ce">98-0606750</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or other jurisdiction of incorporation)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission File Number)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(I.R.S. Employer Identification No.)</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:83.048%"><tr><td style="width:1.0%"></td><td style="width:24.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.686%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.078%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.343%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.107%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.316%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6N2E1MDNlMzQ2MzUzNGY4ZDhiZmJiYjg5OTNkN2ZkZDAvdGFibGVyYW5nZTo3YTUwM2UzNDYzNTM0ZjhkOGJmYmJiODk5M2Q3ZmRkMF8wLTAtMS0xLTUxOTIy_170b5b82-a7ac-47b0-b7a4-75ef2a23f017">2000 St. James Place</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">,</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6N2E1MDNlMzQ2MzUzNGY4ZDhiZmJiYjg5OTNkN2ZkZDAvdGFibGVyYW5nZTo3YTUwM2UzNDYzNTM0ZjhkOGJmYmJiODk5M2Q3ZmRkMF8wLTItMS0xLTUxOTIy_1b043106-c982-4b4d-939f-396c707814f6">Houston,</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6N2E1MDNlMzQ2MzUzNGY4ZDhiZmJiYjg5OTNkN2ZkZDAvdGFibGVyYW5nZTo3YTUwM2UzNDYzNTM0ZjhkOGJmYmJiODk5M2Q3ZmRkMF8wLTQtMS0xLTUxOTIy_a60ae422-f502-439e-a669-889c27d5d4d5">Texas</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6N2E1MDNlMzQ2MzUzNGY4ZDhiZmJiYjg5OTNkN2ZkZDAvdGFibGVyYW5nZTo3YTUwM2UzNDYzNTM0ZjhkOGJmYmJiODk5M2Q3ZmRkMF8wLTctMS0xLTUxOTIy_ab24a9d2-7062-4fc3-8895-008a234d9c70">77056</ix:nonNumeric></span></td></tr><tr><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Registrant&#8217;s telephone number, including area code: <ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTcy_3c233e22-1723-4c75-8b8f-a45018e376cc">713</ix:nonNumeric>.<ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTc2_3b23357f-e78c-430b-a0db-66732eed0619">836.4000</ix:nonNumeric> </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.293%"><tr><td style="width:1.0%"></td><td style="width:4.170%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.621%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.621%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.320%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">N/A</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Former Name or Former Address, if Changed Since Last Report)</span></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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:</span></div><div><span><br/></span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTY5_d212684b-39e8-4b4a-9ce2-e16c3af69e3b">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTcw_cdf996ec-90a4-4f80-b390-eed886c5e3d4">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTc3_4aef8e29-5a15-40b4-8621-c705f8baa0d1">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTcz_8b7de339-702f-46eb-9a8a-1f344556a842">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.860%"><tr><td style="width:1.0%"></td><td style="width:36.363%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:40.256%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6OWRmYjY2ZjQ3YzEwNDU3NGJkOGEyNDg5ZDBjYzFjNzYvdGFibGVyYW5nZTo5ZGZiNjZmNDdjMTA0NTc0YmQ4YTI0ODlkMGNjMWM3Nl8xLTAtMS0xLTUxOTIy_921afcfb-492c-4cc3-bd95-0522c3f06c77">Ordinary shares, $0.001 par value per share</ix:nonNumeric></span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6OWRmYjY2ZjQ3YzEwNDU3NGJkOGEyNDg5ZDBjYzFjNzYvdGFibGVyYW5nZTo5ZGZiNjZmNDdjMTA0NTc0YmQ4YTI0ODlkMGNjMWM3Nl8xLTEtMS0xLTUxOTIy_53d079e3-cd6c-4b04-8820-3b093d16d418">WFRD</ix:nonNumeric></span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGFibGU6OWRmYjY2ZjQ3YzEwNDU3NGJkOGEyNDg5ZDBjYzFjNzYvdGFibGVyYW5nZTo5ZGZiNjZmNDdjMTA0NTc0YmQ4YTI0ODlkMGNjMWM3Nl8xLTItMS0xLTUxOTIy_bd5961ff-9192-407d-8cc9-6cb4d28a49db">The Nasdaq Global Select Market</ix:nonNumeric></span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;              &#160;&#160;&#160;&#160;Emerging growth company          </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i0015ab9173064e9ebe024459cfd8530e_D20220209-20220209" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmE2NDVmMDg5NTZiYjQ2MjJhYzEzNTgyNjRkYTk1NTIzL3NlYzphNjQ1ZjA4OTU2YmI0NjIyYWMxMzU4MjY0ZGE5NTUyM18xL2ZyYWc6OTEzMzgxYWI4NTQ2NGFkYzlhYjY3MzFjYmQxYzMzYmIvdGV4dHJlZ2lvbjo5MTMzODFhYjg1NDY0YWRjOWFiNjczMWNiZDFjMzNiYl8xNTc0_35872c7c-f388-40b8-968e-ac18e5bfbd64">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168;</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="ia645f08956bb4622ac1358264da95523_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.427%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Item 7.01</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Regulation FD Disclosure.</span></td></tr></table></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective fourth quarter of 2021, Weatherford realigned its reporting structure to three product line segments (1) Drilling and Evaluation (2) Well Construction and Completions, and (3) Production and Intervention. The updated structure further refines the Company&#8217;s organizational focus and business strategy around the well life cycle and is intended to drive improved customer collaboration and growth opportunities.  </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result, beginning with the announcement of the Company's fourth quarter of 2021 results and its Annual Report on Form 10-K for the year ended December 31, 2021, Weatherford will report its results in these three reportable segments. All other segments, corporate and other expenses that do not individually meet the criteria for segment reporting will be combined and reported separately. Additionally, we have changed our primary measure of segment profitability to be segment adjusted EBITDA, which is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. The change in segment reporting had no impact on the Company&#8217;s consolidated revenue, income before taxes, net income, or earnings per share for any period.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has revised its segment reporting to reflect the current management approach and has recast prior periods to conform to the current segment presentation. See the press release furnished as Exhibit 99.1 for more details about the new segment structure and recasted quarterly segment financial results.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information in this Current Report on Form 8-K and Exhibit 99.1, shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</span></div><div><span><br/></span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:12.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.531%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Item 9.01</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial Statements and Exhibits.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibits</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.574%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex991q42021wfrdsegmentchan.htm">Press release dated February 9, 2022 - Weatherford Reportable Segment Change</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="ia645f08956bb4622ac1358264da95523_10"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURE</span></div><div style="text-indent:24.75pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="text-indent:24.75pt"><span><br/></span></div><div style="text-indent:24.75pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.660%"><tr><td style="width:1.0%"></td><td style="width:43.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:54.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weatherford International plc</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: February 9, 2022</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ H. Keith Jennings</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">H. Keith Jennings</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief Financial Officer </span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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wfrd-20220209
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 9, 2022
Weatherford International plc
(Exact name of registrant as specified in its charter)
Ireland
001-36504
98-0606750
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2000 St. James Place
,
Houston,
Texas
77056
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
713
.
836.4000
N/A
(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:
☐
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Ordinary shares, $0.001 par value per share
WFRD
The Nasdaq Global Select Market
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
☐
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 7.01
Regulation FD Disclosure.
Effective fourth quarter of 2021, Weatherford realigned its reporting structure to three product line segments (1) Drilling and Evaluation (2) Well Construction and Completions, and (3) Production and Intervention. The updated structure further refines the Company's organizational focus and business strategy around the well life cycle and is intended to drive improved customer collaboration and growth opportunities.
As a result, beginning with the announcement of the Company's fourth quarter of 2021 results and its Annual Report on Form 10-K for the year ended December 31, 2021, Weatherford will report its results in these three reportable segments. All other segments, corporate and other expenses that do not individually meet the criteria for segment reporting will be combined and reported separately. Additionally, we have changed our primary measure of segment profitability to be segment adjusted EBITDA, which is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. The change in segment reporting had no impact on the Company's consolidated revenue, income before taxes, net income, or earnings per share for any period.
The Company has revised its segment reporting to reflect the current management approach and has recast prior periods to conform to the current segment presentation. See the press release furnished as Exhibit 99.1 for more details about the new segment structure and recasted quarterly segment financial results.
The information in this Current Report on Form 8-K and Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit Number
Exhibit Description
99.1
Press release dated February 9, 2022 - Weatherford Reportable Segment Change
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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.
Weatherford International plc
Date: February 9, 2022
/s/ H. Keith Jennings
H. Keith Jennings
Executive Vice President and Chief Financial Officer