false 0000098222 0000098222 2024-11-01 2024-11-01 0000098222 tdw:CommonStock0001ParValuePerShareCustomMember 2024-11-01 2024-11-01 0000098222 tdw:WarrantsToPurchaseSharesOfCommonStockCustomMember 2024-11-01 2024-11-01
 
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): November 1, 2024
Tidewater Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
1-6311
72-0487776
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
     
842 West Sam Houston Parkway North, Suite 400
Houston, Texas
   77024
(Address of principal executive offices)   (Zip Code)
 
Registrant’s telephone number, including area code: (713) 470-5300
     
Not Applicable
(Former Name or Former Address, If Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
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 240.14a-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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
         
Common stock, $0.001 par value per share
  
TDW
  
New York Stock Exchange
Warrants to purchase shares of common stock
  
TDW.WS
  
NYSE American
         
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
 
Emerging Growth Company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 8.01. Other Events.
 
As previously disclosed, effective November 15, 2018, Tidewater Inc., a Delaware corporation (the "Company"), assumed 782,993 warrants issued by GulfMark Offshore, Inc. pursuant to a warrant agreement, dated November 14, 2017. These warrants are exercisable for 861,292 shares (based on a 1 warrant to a 1.1 share ratio) with an exercise price of $100.00, and expire Thursday, November 14, 2024 at 5:00 p.m. Eastern Time. To provide for timely settlement, the NYSE has informed the Company that it will suspend trading in the securities before the market opens on Wednesday, November 13, 2024.
 
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 which are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. Additional information concerning these and other important risks and uncertainties can be found in the Company’s filings with the U.S. Securities and Exchange Commission, including under the captions “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances.
 
Item 9.01. Exhibits.
 
(d) Exhibits.
 
Exhibit No.
Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
 
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.
 
       
   
TIDEWATER INC.
       
Date:
November 1, 2024
By:
/s/ Daniel A. Hudson
     
Daniel A. Hudson
     
Executive Vice President, General Counsel and Secretary
 
 
v3.24.3
Document And Entity Information
Nov. 01, 2024
Document Information [Line Items]  
Entity, Registrant Name Tidewater Inc.
Document, Type 8-K
Document, Period End Date Nov. 01, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 1-6311
Entity, Tax Identification Number 72-0487776
Entity, Address, Address Line One 842 West Sam Houston Parkway North, Suite 400
Entity, Address, City or Town Houston
Entity, Address, State or Province TX
Entity, Address, Postal Zip Code 77024
City Area Code 713
Local Phone Number 470-5300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000098222
CommonStock0001ParValuePerShare Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common stock, $0.001 par value per share
Trading Symbol TDW
Security Exchange Name NYSE
WarrantsToPurchaseSharesOfCommonStock Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Warrants to purchase shares of common stock
Trading Symbol TDW.WS
Security Exchange Name NYSEAMER
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