Summary
Baker Hughes Company (BKR) has filed an 8-K report announcing significant corporate identity changes. Effective October 17, 2019, the company officially changed its name from "Baker Hughes, a GE company" to "Baker Hughes Company," reflecting a move away from its prior association with General Electric. This name change is formalized through the filing of its Second Amended and Restated Certificate of Incorporation with the State of Delaware. Furthermore, to align with the new corporate identity, Baker Hughes will commence trading on the New York Stock Exchange (NYSE) under a new ticker symbol, "BKR," effective at the market open on October 18, 2019. Previously, the company traded under a different ticker reflecting its former name. These changes are primarily administrative and do not appear to indicate any shifts in the company's operational strategy or financial performance at this time, but rather a rebranding effort.
Key Highlights
- 1Company name officially changed from "Baker Hughes, a GE company" to "Baker Hughes Company" effective October 17, 2019.
- 2The name change was enacted by filing the Second Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware.
- 3Effective October 18, 2019, the company's NYSE ticker symbol will change from its previous symbol to "BKR."
- 4The Board of Directors adopted Second Amended and Restated Bylaws to reflect the name change.
- 5The filing includes exhibits for the amended Certificate of Incorporation, Bylaws, and a specimen stock certificate.
- 6The changes are administrative and reflect a rebranding or separation from previous corporate associations.