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): December 31, 2002 (December 16, 2002) KEY ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter) Maryland 1-8038 04-2648081 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) 6 DESTA DRIVE MIDLAND, TEXAS 79705 (Address of Principal Executive Offices) 915/620-0300 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 - Press Release dated December 30, 2002. ITEM 8. CHANGE IN FISCAL YEAR On December 30, 2002, Key Energy Services, Inc., a Maryland corporation ("Key"), issued a press release announcing that it had approved a change in its fiscal year end from June 30 to December 31. The Board of Directors approved the change in Key's fiscal year end on December 16, 2002. Pursuant to Rule 13a-10 under the Securities Exchange Act of 1934, as amended, Key will file a transition report on Form 10-K for the six months ended December 31, 2002 (in lieu of filing a quarterly report on Form 10-Q for the three months ended December 31, 2002). A copy of Key's press release announcing the change in the fiscal year end and other information is filed as an exhibit to this Form 8-K and is incorporated herein by reference. 2 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant duly caused this report to be signed by the undersigned hereunto duly authorized. Date: December 31, 2002 KEY ENERGY SERVICES, INC. By: /s/ Francis D. John ---------------------------------- Francis D. John Chairman of the Board, President and Chief Executive Officer 3 EXHIBIT INDEX Exhibit No. Exhibit 99.1 -- Press Release dated December 30, 2002 4