GULFMARK OFFSHORE, INC. (NYSE:GLF) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01.

On March 27, 2017, GulfMark Offshore, Inc. (the Company) received
written notice from the New York Stock Exchange (the NYSE) that
the average closing price per share of the Companys Class A
common stock, par value $0.01 per share (the Common Stock), over
a prior period of 30 consecutive trading days was below $1.00 per
share, which is the minimum average closing price required to
maintain listing on the NYSE under Section 802.01C of the NYSE
Listed Company Manual.

As required by the NYSE, the Company plans to notify the NYSE,
within 10 business days of receipt of such notice, regarding its
intent to cure this deficiency or be subject to the NYSEs
suspension and delisting procedures. No assurance can be given
that the Company will be able to regain compliance with these
requirements or maintain compliance with the other continued
listing requirements set forth in the NYSE Listed Company Manual.
Section 802.01B of the NYSE Listed Company Manual provides that
the NYSE will promptly initiate suspension and delisting
procedures with respect to the Company if the NYSE determines
that the Company has average global market capitalization over a
consecutive 30 trading-day period of less than $15 million. The
Companys global market capitalization is currently significantly
less than $15 million, and has been since March 15, 2017.
Accordingly, the Company may be subject to suspension and
delisting under this NYSE standard. If the Company is suspended
from trading pending delisting, it is anticipated that the Common
Stock would be quoted in the Pink Sheets of the OTC Markets
Group, Inc. (OTC Pink). The OTC Pink is a significantly more
limited market than the NYSE, and quotation on the OTC Pink may
result in a less liquid market available for existing and
potential stockholders to trade the Common Stock and could
further depress the trading price of the Common Stock. There can
be no assurance that any public market for the Common Stock will
exist in the future or that the Company will be able to relist
its Common Stock on a national securities exchange.

If the Common Stock ultimately were to be suspended from trading
and delisted for any reason, it could have adverse consequences
including, among others, reduced trading liquidity of the Common
Stock, lower demand and market price for those shares, adverse
publicity and a reduced interest in the Company from investors,
analysts and other market participants. In addition, a suspension
or delisting could impair the Companys ability to raise
additional capital through equity or debt financing and the
Companys ability to attract and retain employees by means of
equity compensation.

On March 31, 2017, the Company issued a press release announcing
the receipt of the notice of noncompliance from the NYSE. A copy
of the press release is furnished as Exhibit 99.1 hereto and is
incorporated by reference herein.

The information furnished under this Item 7.01 of this Current
Report on Form 8-K, including Exhibit 99.1 hereto, is being
furnished and shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), or otherwise subject to the liabilities of that
section, nor shall such information be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.

About GULFMARK OFFSHORE, INC. (NYSE:GLF)

GulfMark Offshore, Inc. provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas. Its vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling and production facilities. The operations are conducted in the North Sea, offshore Southeast Asia and offshore in the Americas. It operates a fleet of over 70 owned or managed offshore supply vessels (OSVs), which include over 30 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 30 vessels offshore the Americas. Its customers include oil and natural gas companies, independent oil and natural gas exploration and production companies working in international markets, and foreign Government-owned or controlled oil and natural gas companies.

GULFMARK OFFSHORE, INC. (NYSE:GLF) Recent Trading Information

GULFMARK OFFSHORE, INC. (NYSE:GLF) closed its last trading session down -0.007 at 0.350 with 557,523 shares trading hands.