TIDEWATER INC. (NYSE:TDW) Files An 8-K Other Events
Item 8.01. Other Events.
In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the Company notes that
certain statements set forth in this Current Report on Form 8-K
provide other than historical information and are forward
looking. The actual achievement of any forecasted results, or the
unfolding of future economic or business developments in a way
anticipated or projected by the Company, involve numerous risks
and uncertainties that may cause the Companys actual performance
to be materially different from that stated or implied in the
forward-looking statement. Among those risks and uncertainties,
many of which are beyond the control of the Company, include,
without limitation, volatility in worldwide energy demand and oil
and gas prices, and continuing depressed levels of oil and gas
prices; without a clear indication of if, or when, prices will
recover to a level to support renewed offshore exploration
activities; consolidation of our customer base: fleet additions
by competitors and industry overcapacity; our views with respect
to the need for and timing of the replenishment of our asset
base, including through acquisitions or vessel construction;
changes in capital spending by customers in the energy industry
for offshore exploration, field development and production; loss
of a major customer: changing customer demands for vessel
specifications, which may make some of our older vessels
technologically obsolete for certain customer projects or in
certain markets; delays and other problems associated with vessel
construction and maintenance; uncertainty of global financial
market conditions and difficulty in accessing credit or capital;
potential difficulty in meeting financial covenants in material
debt or other obligations of the company or in obtaining covenant
relief from lenders or other contract parties; acts of terrorism
and piracy; integration of acquired businesses and entry into new
lines of business; disagreements with our joint venture partners;
significant weather conditions; unsettled political conditions,
war, civil unrest and governmental actions, such as expropriation
or enforcement of customs or other laws that are not well
developed or consistently enforced, or requirements that services
provided locally be paid in local currency, in each case
especially in higher political risk countries where we operate;
foreign currency fluctuations; labor changes proposed by
international conventions; increased regulatory burdens and
oversight; changes in laws governing the taxation of foreign
source income; retention of skilled workers; enforcement of laws
related to the environment, labor and foreign corrupt practices;
and the resolution of pending legal proceedings. Readers should
consider all of these risk factors as well as other information
contained in this report.
On December 8, 2016, Joseph M. Bennett, Executive Vice President
and Chief Investor Relations Officer, presented at the Capital
One Securities, Inc. 11th Annual Energy Conference in
New Orleans, Louisiana.
The following information is being provided under Item 8.01 Other
Events in this Current Report on Form 8-K: (1) a slide
presentation presented at the Capital One Securities, Inc.
11th Annual Energy Conference on December 8, 2016 in
New Orleans, Louisiana included as Exhibit 99.1 and (2) a
transcript of the presentation at the Capital One Securities,
Inc. 11th Annual Energy Conference on December 8, 2016
in New Orleans, Louisiana included as Exhibit 99.2. Both Exhibit
99.1 and 99.2 are incorporated herein by reference as if fully
set forth.
The information contained in the transcript, which was prepared
by Wall Street Webcasting, is a textual representation of the
Companys presentation. There may be material errors, omissions or
inaccuracies in the reporting of the contents of the
presentation. The Company assumes no responsibility to correct or
update the third-party transcript. Users are advised to review
the Companys SEC filings before making any investment or other
decisions.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
The following exhibits are furnished with this Form 8-K:
|
99.1 |
Slide presentation presented at the Capital One |
|
99.2 |
Transcript of the presentation presented at the Capital |
About TIDEWATER INC. (NYSE:TDW)
Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets. TIDEWATER INC. (NYSE:TDW) Recent Trading Information
TIDEWATER INC. (NYSE:TDW) closed its last trading session down -0.42 at 3.72 with 2,380,080 shares trading hands.
