Bristow Group Inc. (NYSE:BRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June8, 2017, Mr.Chet Akiri, Senior Vice President and Chief
Commercial Officer and Mr.WilliamJ. Collins III, Senior Vice
President Operations, both departed Bristow Group, Inc. (the
Company). Both Mr.Akiri and Mr.Collins are in the process of
negotiating a Separation Agreement and Release in Full to specify
the terms of their respective departures from the Company with
the benefits and compensation provided in connection therewith
anticipated to be substantially consistent with the termination
without cause terms set forth in the Bristow Group Inc.
Management Severance Benefits Plan for U.S. Employees effective
June4, 2014 that was filed as Exhibit 10.70 to the Companys
Annual Report on Form10-K filed on May20, 2015 (the Severance
Plan).
The offices of Senior Vice President and Chief Commercial Officer
and Senior Vice President Operations will be eliminated,
effective June8, 2017. The Companys new organizational structure
will concentrate around two primary geographical hubs in key
areas of business, Europe and the Americas, and become more
regionally focused. Effective June8, 2017, Alan Corbett, who has
served as Region Director for the Europe Caspian Region, has been
named Vice President Europe, Africa, Middle East, Asia (EAMEA)
and will be responsible for operations and business development
in those areas, including Airnorth and Eastern Airways
operations. He will also have global oversight of commercial
support activities. Also effective June8, 2017, Rob Phillips, who
has recently served as Vice President of Global Operations
Services, has been named Vice President Americas and will be
responsible for operations and business development efforts in
the U.S., Trinidad, Canada, Suriname, Guyana, Brazil, and Bristow
Academy. He will also have global oversight of operations support
activities.
| Item7.01. | Regulation FD Disclosure. |
On June8, 2017, the Company issued a press release announcing the
departure of Messrs. Akiri and Collins from the Company, a copy
of which is furnished with this report as Exhibit 99.1.
| Item9.01. | Financial Statements and Exhibits |
(d) Exhibits
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Exhibit |
Description of Exhibit |
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| 99.1 | Press Release dated June8, 2017 |
About Bristow Group Inc. (NYSE:BRS)
Bristow Group Inc. is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan. The Africa region consists of all its operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region consists of all its operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the United States Gulf of Mexico. The Asia Pacific region consists of all its operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, it operates a training unit, Bristow Academy.
