RIG 10-K Annual Report Dec. 31, 2024 | Alphaminr

RIG 10-K Fiscal year ended Dec. 31, 2024

TRANSOCEAN LTD.
10-Qs and 10-Ks
10-Q
Quarter ended March 31, 2025
10-K
Fiscal year ended Dec. 31, 2024
10-Q
Quarter ended Sept. 30, 2024
10-Q
Quarter ended June 30, 2024
10-Q
Quarter ended March 31, 2024
10-K
Fiscal year ended Dec. 31, 2023
10-Q
Quarter ended Sept. 30, 2023
10-Q
Quarter ended June 30, 2023
10-Q
Quarter ended March 31, 2023
10-K
Fiscal year ended Dec. 31, 2022
10-Q
Quarter ended Sept. 30, 2022
10-Q
Quarter ended June 30, 2022
10-Q
Quarter ended March 31, 2022
10-K
Fiscal year ended Dec. 31, 2021
10-Q
Quarter ended Sept. 30, 2021
10-Q
Quarter ended June 30, 2021
10-Q
Quarter ended March 31, 2021
10-K
Fiscal year ended Dec. 31, 2020
10-Q
Quarter ended Sept. 30, 2020
10-Q
Quarter ended June 30, 2020
10-Q
Quarter ended March 31, 2020
10-K
Fiscal year ended Dec. 31, 2019
10-Q
Quarter ended Sept. 30, 2019
10-Q
Quarter ended June 30, 2019
10-Q
Quarter ended March 31, 2019
10-K
Fiscal year ended Dec. 31, 2018
10-Q
Quarter ended Sept. 30, 2018
10-Q
Quarter ended June 30, 2018
10-Q
Quarter ended March 31, 2018
10-K
Fiscal year ended Dec. 31, 2017
10-Q
Quarter ended Sept. 30, 2017
10-Q
Quarter ended June 30, 2017
10-Q
Quarter ended March 31, 2017
10-K
Fiscal year ended Dec. 31, 2016
10-Q
Quarter ended Sept. 30, 2016
10-Q
Quarter ended June 30, 2016
10-Q
Quarter ended March 31, 2016
10-K
Fiscal year ended Dec. 31, 2015
10-Q
Quarter ended Sept. 30, 2015
10-Q
Quarter ended June 30, 2015
10-Q
Quarter ended March 31, 2015
10-K
Fiscal year ended Dec. 31, 2014
10-Q
Quarter ended Sept. 30, 2014
10-Q
Quarter ended June 30, 2014
10-Q
Quarter ended March 31, 2014
10-K
Fiscal year ended Dec. 31, 2013
10-Q
Quarter ended Sept. 30, 2013
10-Q
Quarter ended June 30, 2013
10-Q
Quarter ended March 31, 2013
10-K
Fiscal year ended Dec. 31, 2012
10-Q
Quarter ended Sept. 30, 2012
10-Q
Quarter ended June 30, 2012
10-Q
Quarter ended March 31, 2012
10-K
Fiscal year ended Dec. 31, 2011
10-Q
Quarter ended Sept. 30, 2011
10-Q
Quarter ended June 30, 2011
10-Q
Quarter ended March 31, 2011
10-K
Fiscal year ended Dec. 31, 2010
10-Q
Quarter ended Sept. 30, 2010
10-Q
Quarter ended June 30, 2010
10-Q
Quarter ended March 31, 2010
10-K
Fiscal year ended Dec. 31, 2009
PROXIES
DEF 14A
Filed on April 1, 2025
DEF 14A
Filed on March 26, 2024
DEF 14A
Filed on March 21, 2023
DEF 14A
Filed on March 28, 2022
DEF 14A
Filed on April 7, 2021
DEF 14A
Filed on March 30, 2020
DEF 14A
Filed on March 11, 2019
DEF 14A
Filed on March 20, 2018
DEF 14A
Filed on Dec. 15, 2017
DEF 14A
Filed on March 16, 2017
DEF 14A
Filed on March 18, 2016
DEF 14A
Filed on Sept. 28, 2015
DEF 14A
Filed on March 23, 2015
DEF 14A
Filed on July 31, 2014
DEF 14A
Filed on April 11, 2014
DEF 14A
Filed on April 6, 2012
DEF 14A
Filed on April 1, 2011
DEF 14A
Filed on April 1, 2010
TABLE OF CONTENTS
Part IprintItem 1. BusinessprintItem 1A. Risk FactorsprintItem 1B. Unresolved Staff CommentsprintItem 1C. CybersecurityprintItem 2. PropertiesprintItem 3. Legal ProceedingsprintItem 4. Mine Safety DisclosuresprintPart IIprintItem 5. Market For Registrant S Common Equity, Related Shareholder Matters and Issuer Purchases Of Equity SecuritiesprintItem 6. ReservedprintItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsprintItem 7A. Quantitative and Qualitative Disclosures About Market RiskprintItem 8. Financial Statements and Supplementary DataprintNote 1 BusinessprintNote 2 Significant Accounting PoliciesprintNote 3 Accounting Standards UpdatesprintNote 4 Unconsolidated AffiliatesprintNote 5 RevenuesprintNote 6 Long-lived AssetsprintNote 7 LeasesprintNote 8 DebtprintNote 9 Benefit PlansprintNote 10 Income TaxesprintNote 11 Loss Per ShareprintNote 12 Commitments and ContingenciesprintNote 13 EquityprintNote 14 Share-based CompensationprintNote 15 Supplemental Segment InformationprintNote 16 Supplemental Balance Sheet InformationprintNote 17 Supplemental Cash Flow InformationprintNote 18 Financial InstrumentsprintNote 19 Risk ConcentrationprintItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureprintItem 9A. Controls and ProceduresprintItem 9B. Other InformationprintItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsprintPart IIIprintItem 10. Directors, Executive Officers and Corporate GovernanceprintItem 11. Executive CompensationprintItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Shareholder MattersprintItem 13. Certain Relationships, Related Transactions, and Director IndependenceprintItem 14. Principal Accountant Fees and ServicesprintPart IVprintItem 15. Exhibits and Financial Statement Schedulesprint

Exhibits

3.1 Articles of Association of TransoceanLtd. Exhibit3.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on June28, 2024 3.2 Organizational Regulations of TransoceanLtd., amended effective as of August15, 2024 Exhibit3.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on August20, 2024 4.1 Description of Securities Registered Pursuant to Section12 of the Securities Exchange Act of 1934 Filed herewith 4.2 Indenture, dated as of February26, 2021, by and among Transocean InternationalLimited, the guarantors and Wells Fargo Bank, National Association Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on February26, 2021 4.3 Credit Agreement, dated June22, 2018, among Transocean InternationalLimited, the lenders parties thereto and Citibank,N.A., as administrative agent and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.000-53533) filed on June27, 2018 4.3.1 Increase of Commitments and First Amendment to Credit Agreement, dated May13, 2019, among Transocean InternationalLimited, the lenders and issuing banks parties thereto, Citibank,N.A., as administrative agent, and for the limited purposes set forth therein, TransoceanLtd. and certain of its subsidiaries Exhibit10.1 to TransoceanLtd. s Current Report on Form8-K (Commission File No.001-38373) filed on May13, 2019 4.3.2 Increase of Commitments, Second Amendment to Credit Agreement and First Amendment to Guaranties, dated July15, 2019, among Transocean InternationalLimited, the lenders and issuing banks parties thereto, Citibank,N.A., as administrative agent, and for the limited purposes set forth therein, TransoceanLtd. and certain of its subsidiaries Exhibit10.1 to TransoceanLtd. s Current Report on Form8-K (Commission File No.001-38373) filed on July15, 2019 4.3.3 Curative Agreement, dated September24, 2019, between Transocean InternationalLimited and Citibank,N.A., as administrative agent for the lenders under the Credit Agreement dated June22, 2018, as amended Exhibit10.2 to TransoceanLtd. s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended September30, 2019 4.3.4 Increase of Commitments and Third Amendment to Credit Agreement, dated December23, 2019, among Transocean InternationalLimited, the lenders and issuing banks parties thereto, Citibank,N.A., as administrative agent, and for the limited purposes set forth therein, TransoceanLtd. and certain of its subsidiaries Exhibit4.6 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.001-38373)for the year ended December31, 2019 4.3.5 Fourth Amendment to Credit Agreement, dated November30, 2020, among Transocean InternationalLimited, the lenders and issuing banks parties thereto, Citibank,N.A., as administrative agent, and for the limited purposes set forth therein, certain of Transocean InternationalLimiteds subsidiaries Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on December1, 2020 4.3.6 FifthAmendment to Credit Agreement, dated July27, 2022, among Transocean InternationalLimited, the lenders and issuing banks parties thereto, Citibank,N.A., as administrative agent, and for the limited purposes set forth therein, TransoceanLtd. and certain of Transocean InternationalLimiteds subsidiaries Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on August1, 2022 4.3.7 SixthAmendment to Credit Agreement, dated April18, 2024, among Transocean InternationalLimited, the lenders parties thereto, Citibank,N.A. as administrative agent and collateral agent, and for the limited purposes set forth therein, TransoceanLtd. and certain of Transocean InternationalLimiteds subsidiaries Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on April18, 2024 4.4.3 Fifth Supplemental Indenture, dated as of December18, 2008, among TransoceanLtd., Transocean InternationalLimited and The Bank of New York Mellon Trust Company,N.A., as trustee Exhibit4.4 to TransoceanLtd.s Current Report on Form8-K (Commission File No.333-75899) filed on December19, 2008 4.5.2 SecondSupplemental Indenture, dated as of November20, 2001, between Global MarineInc. and Wilmington TrustCompany, as Trustee, relating to Debt Securities of Global MarineInc. Exhibit4.2 to GlobalSantaFeCorporations Annual Report on Form10-K (Commission File No.001-14634) for the year ended December31, 2004 4.5.3 Third Supplemental Indenture, dated as of July29, 2019, among Global MarineInc, Transocean InternationalLimited and Wilmington TrustCompany, as trustee, relating to Debt Securities of Global MarineInc. Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on July29, 2019 4.6 Indenture, dated as of December11, 2007, between Transocean InternationalLimited and Wells Fargo Bank, NationalAssociation Exhibit4.36 to Transocean InternationalLimiteds Annual Report on Form10-K (Commission File No.333-75899) for the year ended December31, 2007 4.6.1 FirstSupplemental Indenture, dated as of December11, 2007, between Transocean InternationalLimited and Wells Fargo Bank, NationalAssociation Exhibit4.37 to Transocean InternationalLimiteds Annual Report on Form10-K (Commission File No.333-75899) for the year ended December31, 2007 4.6.2 ThirdSupplemental Indenture, dated as of December18, 2008, among TransoceanLtd., Transocean InternationalLimited and Wells Fargo Bank, National Association, as trustee Exhibit4.3 to TransoceanLtd.s Current Report on Form8-K (Commission File No.333-75899) filed on December19, 2008 4.6.3 FourthSupplemental Indenture, dated as of September21, 2010, among TransoceanLtd., Transocean InternationalLimited and Wells Fargo Bank, NationalAssociation, as trustee Exhibit4.1 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.000-53533) for the quarter ended September30, 2010 4.6.4 FifthSupplemental Indenture, dated as of December5, 2011, among TransoceanLtd., Transocean InternationalLimited and Wells Fargo Bank, National Association, as trustee Exhibit4.3 to TransoceanLtd.s Current Report on Form8-K (Commission File No.000-53533) filed on December5, 2011 4.6.5 SixthSupplemental Indenture, dated as of September13, 2012, among Transocean InternationalLimited, TransoceanLtd. and Wells Fargo Bank, NationalAssociation, as trustee Exhibit4.3 to TransoceanLtd.s Current Report on Form8-K (Commission File No.000-53533) filed on September13, 2012 4.7 Registration Rights Agreement, dated as of January30, 2018, among TransoceanLtd., Transocean InternationalLimited, and the security holders named therein Exhibit4.3 to TransoceanLtd.s Current Report on Form8-K (Commission File No.000-53533) filed on January30, 2018 4.7.1 Amendment to Registration Rights Agreement, dated as of August14, 2020, by and among TransoceanLtd., Transocean InternationalLimited and Perestroika (Cyprus)Ltd. Exhibit 4.2 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on August14, 2020 4.8 Indenture, dated February1, 2019, by and among TransoceanPoseidon Limited, the Guarantors and Wells Fargo Bank, National Association, as trustee and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on February1, 2019 4.9 Indenture, dated January17, 2020, by and among Transocean InternationalLimited, the guarantors party thereto and Wells Fargo Bank, National Association Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on January17, 2020 4.10 Indenture, dated as of September30, 2022, by and among Transocean InternationalLimited, the Guarantors and Truist Bank, as trustee Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on September30, 2022 4.11 Warrant Agreement, dated as of September30, 2022, by and among Transocean InternationalLimited, TransoceanLtd. and ComputershareInc. and Computershare Trust Company,N.A., as warrant agent Exhibit4.2 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-3873) filed on September30, 2022 4.12 Indenture, dated as of January17, 2023, among Transocean Titan FinancingLimited, the Guarantors and Truist Bank, as trustee and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on January17, 2023 4.12.1 First Supplemental Indenture, dated as of May8, 2024, among Transocean Titan FinancingLimited, the Guarantors and Truist Bank, as trustee and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-138373) filed on May8, 2024 4.13 Indenture, dated as of January31, 2023, among Transocean InternationalLimited, the Guarantors named therein and Truist Bank, as trustee and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on January31, 2023 4.13.1 First Supplemental Indenture, dated as of January26, 2024, by and among Transocean InternationalLimited, the Additional Guarantors, the Note Parties and Truist Bank, as trustee and collateral agent, supplementing the Indenture dated as of January31, 2023 Exhibit4.16.1 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.001-38373) for the year ended December31, 2023 4.13.2 Second Supplemental Indenture, dated as of May30, 2024, by and among Transocean InternationalLimited, the Additional Guarantors, the Note Parties and Truist Bank, as trustee and collateral agent, supplementing the Indenture dated as of January31, 2023 Exhibit4.3 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended June30, 2024 4.14 Indenture, dated as of October11, 2023, among Transocean AquilaLimited, the Guarantors and Truist Bank, as trustee and collateral agent Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on October11, 2023 4.14.1 First Supplemental Indenture, dated as of March18, 2024, by and among Transocean AquilaLimited, the Additional Guarantors, the Note Parties and Truist Bank, as trustee and collateral agent, supplementing the Indenture dated as of October11, 2023 Exhibit4.2 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended March31, 2024 4.15 Indenture, dated as of April 18, 2024, by and among Transocean InternationalLimited, the Guarantors and Truist Bank, as trustee. Exhibit4.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on April18, 2024 4.16 Registration Rights Agreement dated June 28, 2024 by and among the Company and Hayfin Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on June28, 2024 10.1 Shipyard Credit Agreement forDeepwaterAtlas, dated as of June5, 2021, by and between Jurong Shipyard Pte.Ltd. and Transocean Offshore Deepwater HoldingsLimited Exhibit10.2 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended June30, 2021 10.2 Shipyard Credit Agreement forDeepwaterTitan, dated as of June5, 2021, by and between Jurong Shipyard Pte.Ltd. and Transocean Offshore Deepwater HoldingsLimited Exhibit10.3 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended June30, 2021 10.3 Amended and Restated 2015 TransoceanLtd. Long-Term Incentive Plan Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission No.001-38373) filed on May22, 2024 10.4 Terms and Conditions of 2013 Director Deferred Unit Award Exhibit10.14 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.000-53533) for the year ended December31, 2015 10.5 Terms and Conditions of 2014Director Deferred Unit Award Exhibit10.15 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.000-53533) for the year ended December31, 2015 10.6 Terms and Conditions of 2015Director Restricted Share Unit Award Exhibit10.16 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.000-53533) for the year ended December31, 2015 10.7 TransoceanLtd. Pension Equalization Plan, as amended and restated, effective January1, 2009 Exhibit10.41 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.000-53533) for the year ended December31, 2008 10.8 TransoceanU.S. Supplemental Savings Plan, as amended and restated, effective as of January1, 2009 Exhibit10.44 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.000-53533) for the year ended December31, 2008 10.9 Form of Indemnification Agreement entered into between TransoceanLtd. and each of its Directors and Executive Officers Exhibit10.1 to Transocean InternationalLimiteds Current Report on Form8-K (Commission File No.333-75899) filed on October10, 2008 10.10 Amended and Restated Executive Severance Benefit Policy Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.000-53533) filed on November22, 2023 10.11 Employment Agreement with Jeremy D.Thigpen effective September1, 2016 Exhibit10.1 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.000-53533) for the quarter ended September30, 2016 10.12 Employment Agreement with Mark L.Mey effective September1, 2016 Exhibit10.2 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.000-53533) for the quarter ended September30, 2016 10.13 Amended and Restated Performance Award and Cash Bonus Plan of TransoceanLtd. Exhibit10.48 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.001-38373) for the year ended December31, 2020 10.14 Terms and Conditions of 2020 Director Restricted Share Unit Award Exhibit10.3 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended June30, 2020 10.15 Terms and Conditions of 2022 Executive Equity Awards Exhibit 10.52 to Transocean Ltd.s Annual Report on Form 10-K (Commission File No.001-38373) for the year ended December31, 2021 10.16 Terms and Conditions of 2023 Executive Equity Awards Exhibit 10.50 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.001-38373) for the year ended December31, 2022 10.17 Employment Agreement with Keelan Adamson effective February16, 2022 Exhibit10.1 to TransoceanLtd.s Current Report on Form8-K (Commission File No.001-38373) filed on February17, 2022 10.18 Terms and Conditions of 2024 Executive Equity Awards Exhibit10.1 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended March31, 2024 10.19 Terms and Conditions of 2024 Executive Management Team Equity Awards Exhibit10.2 to TransoceanLtd.s Quarterly Report on Form10-Q (Commission File No.001-38373) for the quarter ended March31, 2024 10.20 Employment Agreement with Mr.Thad Vayda dated May20, 2024 Exhibit10.2 to TransoceanLtd.s Current Report on Form8-K (Commission No.001-38373) filed on May22, 2024 19 TransoceanLtd. Insider Trading Policy Filed herewith 21 Subsidiaries of TransoceanLtd. Filed herewith 23 Consent of Ernst & YoungLLP Filed herewith 24 Powers of Attorney Filed herewith 31.1 Certification of Chief Executive Officer pursuant to Section302 of the Sarbanes-Oxley Act of 2002 Filed herewith 31.2 Certification of Chief Financial Officer pursuant to Section302 of the Sarbanes-Oxley Act of 2002 Filed herewith 32.1 Certification of Chief Executive Officer pursuant to Section906 of the Sarbanes-Oxley Act of 2002 Furnished herewith 32.2 Certification of Chief Financial Officer pursuant to Section906 of the Sarbanes-Oxley Act of 2002 Furnished herewith 97 TransoceanLtd. Executive OfficerIncentive-Based Compensation Recoupment Policy Exhibit97 to TransoceanLtd.s Annual Report on Form10-K (Commission File No.001-38373) for the year ended December31, 2023