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): May
17, 2007
ROWAN
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
|
DELAWARE
|
1-5491
|
75-0759420
|
|
(State or other
jurisdiction
|
(Commission
|
(IRS
Employer
|
|
of
incorporation)
|
file
Number)
|
Identification
No.)
|
|
2800
POST OAK BOULEVARD
|
|
|
SUITE 5450
|
|
|
HOUSTON, TEXAS
|
77056-6127
|
|
(Address of principal
executive offices)
|
(zip
code)
|
(713)
621-7800
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K 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
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
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or
Standard; Transfer of Listing
The
Commentary to Section 303A.03 of the New York Stock Exchange ("NYSE") Listed
Company Manual requires each listed company to disclose in its proxy statement
either the name of the director chosen to preside at executive sessions
of
non-management directors or, if the same individual is not the presiding
director at all executive sessions, the procedure by which a presiding
director
is selected for each executive session.
On
May
17, 2007, the NYSE notified the Company that the required information regarding
the presiding director was not disclosed in the Company’s proxy statement. The
Company explained that the presiding director rotates by alphabetical order
according to each non-management director’s last name, and that the information
had been inadvertently deleted during the drafting of the 2007 proxy
statement. The NYSE confirmed that the filing of this Current Report on
Form 8-K
satisifes the Company’s disclosure obligation.
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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.
ROWAN
COMPANIES,
INC.
By:
/s/
W. H.
WELLS_________________
W.
H.
Wells,
Vice
President -
Finance and Chief Financial Officer (Principal Financial Officer)
Dated:
May 21, 2007
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