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: May 31, 2012
Date of earliest event reported: May 30, 2012
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 8.01 | Other Events. |
On May 30, 2012, MRC Global Inc. (“MRC”) issued a press release reporting that it has signed a five year global Enterprise Framework Agreement (the “Agreement”) with Shell for the distribution of valves and automation services. The Agreement covers Shell’s upstream, midstream and downstream project and maintenance, repair and operations requirements in North America, Europe, Asia, Australia, the Middle East and Africa. The agreement also covers carbon steel, stainless and alloy pipe fittings and flanges in the United States as well as stainless steel and alloy pipe, fitting and flanges in Canada. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Press release, dated May 30, 2012 |
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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: May 31, 2012
| MRC GLOBAL INC. | ||
| By: | /s/ Daniel J. Churay | |
| Daniel J. Churay Executive Vice President, General Counsel and Corporate Secretary | ||
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INDEX TO EXHIBITS
|
Exhibit |
Description | |
| 99.1 | Press Release, dated May 30, 2012 | |
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Exhibit 99.1
|
Contacts: Will James, Vice President Corporate Development & Investor Relations will.james@mrcpvf.com 832-308-2847
Ken Dennard, Managing Partner Dennard Rupp Gray & Lascar, LLC ksdennard@drg-l.com 713-529-6600 |
SHELL AWARDS ENTERPRISE FRAMEWORK
AGREEMENT TO MRC GLOBAL INC.
Houston, TX – May 30, 2012 – MRC Global Inc. (NYSE: MRC) the largest global distributor of pipe, valves and fittings to the energy industry, today announced that it has signed a five year global Enterprise Framework Agreement (EFA) with Shell for the distribution of valves and automation services.
The global EFA covers Shell’s upstream, midstream and downstream project and maintenance, repair and operations (MRO) requirements in North America, Europe, Asia, Australia, the Middle East and Africa. The agreement also covers carbon steel, stainless and alloy pipe, fittings and flanges in the United States as well as stainless steel and alloy pipe, fittings and flanges in Canada. Under this agreement, Shell expects that MRC will be the single-source provider for valves and the central distributor for the other products to Shell’s business units in the specified areas. The agreement builds upon a long-standing relationship between MRC and Shell in the United States, Europe and Asia, where MRC has served as Shell’s primary distributor of valves for the past 15 years.
“We are pleased that Shell continues to place their confidence in MRC to supply their operations with these important products,” MRC Chairman, President and CEO Andrew Lane said. “Based on activity projections, this 5-year agreement represents the largest distribution contract that we have entered into with a global customer. By providing a “one-stop” distribution platform for these products, we will assist Shell in driving standardization of their PVF materials requirements throughout their global organization.”
The EFA has a term of five years with an option to extend for another five years.
About MRC Global Inc.
Headquartered in Houston, Texas, MRC, a Fortune 500 company, is the largest global distributor of pipe, valve, and fittings (PVF) and related products and services to the energy industry, based on sales, and supplies these products and services across each of the upstream, midstream and downstream sectors. More information about MRC can be found at www.mrcpvf.com.
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