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: October 10, 2003 (Date of earliest event reported) NATIONAL-OILWELL, INC. (Exact name of registrant as specified in its charter) FILE NO. 1-12317 (Commission File Number) DELAWARE 76-0475815 (State of incorporation) (I.R.S. Employer Identification Number) 10000 RICHMOND AVENUE HOUSTON, TEXAS 77042-4200 (Address of principal executive offices) (Zip Code) Registrant's telephone, including area code: (713) 346-7500

ITEM 5. OTHER EVENTS National Oilwell has established a governance hotline at 800-372-3956 for any parties with an interest in National Oilwell including, but not limited to employees and investors, to communicate directly and confidentially with National Oilwell's non-management directors. This hotline is part of the procedure established by National Oilwell's audit committee for the receipt, retention, and treatment of complaints received by the company regarding accounting, internal accounting controls, or auditing matters; and the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters, in accordance with Section 301 of the Sarbanes-Oxley Act of 2002. This hotline may also be used by any parties interested in making a concern regarding National Oilwell known to the company's non-management directors. All calls made to the hotline will be confidential and controlled, and will be submitted directly to a non-management member of National Oilwell's board of directors. Calls to the hotline are answered by an independent, automated system 24 hours a day, 365 days a year. Transcripts and audio files of the calls will be delivered to an independent director and member of National Oilwell's audit committee. Information regarding the hotline as well as other information regarding National Oilwell's corporate governance can be found in the Investor Relations section of the company's website at SIGNATURE 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 thereunto duly authorized. NATIONAL-OILWELL, INC. Date: October 10, 2003 /s/ Steven W. Krablin --------------------------------------- Steven W. Krablin Senior Vice President and Chief Financial Officer