Financial Revision and Boats


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):  March 9, 2005
 
 
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 2.02. Results of Operations and Financial Condition

The following information is disclosed pursuant to Item 2.02 - Results of Operations and Financial Condition:

On March 9, 2005, Rowan Companies, Inc. issued a press release revising financial information and disclosing a material weakness in internal control. The press release is attached as Exhibit 99.1.
 

Item 8.01. Other Events

The following information is disclosed pursuant to Item 8.01 - Other Events:

On March 9, 2005, Rowan Companies, Inc. issued a press release announcing the sale of boat purchase options. The press release is attached as Exhibit 99.2.

 
Item 9.01. Financial Statements and Exhibits

(c) Exhibits
 
Exhibit
   
Number
 
Exhibit Description
     
99.1
 
     
99.2
 
 

 
 
 
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/ E. E. THIELE_________________
E. E. Thiele,
Senior Vice President - Administration, Finance and Treasurer (Principal Financial Officer)


Dated: March 9, 2005
 
 
 

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INDEX TO EXHIBITS
 
 
 
Exhibit
   
Number
 
Exhibit Description
     
99.1
 
     
99.2
 

 
 
 

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