INTERNATIONAL SHIPHOLDING CORPORATION (OTCMKTS:ISHCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Corporate Controller and Principal Accounting Officer of
International Shipholding Corporation (the Company).
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Item 7.01.
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Regulation FD Disclosure.
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Company and certain of its direct and indirect subsidiaries filed
voluntary petitions for relief under Chapter 11 of Title 11 of
the U.S. Code in the United States Bankruptcy Court for the
Southern District of New York (the Bankruptcy Court). On June 1,
2017, the Company issued a press release announcing that it had
received certain necessary approvals from the U.S. Department of
Transportation Maritime Administration, thereby satisfying
certain conditions precedent to the effectiveness of the First
Amended Modified Joint Chapter 11 Plan of Reorganization for
International Shipholding Corporation and its Affiliated Debtors
(the Plan of Reorganization). The Plan of Reorganization was
previously confirmed by the Bankruptcy Court on March 2, 2017. A
copy of the press release is furnished as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated into this Item 7.01
by reference.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit No.
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Description
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99.1
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Press release
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About INTERNATIONAL SHIPHOLDING CORPORATION (OTCMKTS:ISHCO)
International Shipholding Corporation is a holding company. The Company, through its subsidiaries, operates a diversified fleet of the United States and international-flagged vessels that provide domestic and international maritime transportation services under medium to long-term time charters or contracts of affreightment. It operates through three segments: Jones Act, which deploys over two bulk carriers, over three integrated tug or barge units, each consisting of one tug and one barge, and one harbor tug acquired; one belt self-unloading coal carrier to transport coal under a time charter, and one vessel that transports molten sulfur under a contract of affreightment; Pure Car Truck Carriers (PCTCs), which deploys over five PCTCs, including over four United States flag vessels and one international-flagged vessel, and Rail-Ferry, which uses its two roll-on or roll-off special purpose double deck vessels that carry rail cars between the United States Gulf Coast and Mexico.