tdw20230808_8ka.htm
Form 8-K/A date of report 06-30-23 true 0000098222 0000098222 2023-06-30 2023-06-30 0000098222 tdw:CommonStockCustomMember 2023-06-30 2023-06-30 0000098222 tdw:WarrantsToPurchaseSharesOfCommonStockCustomMember 2023-06-30 2023-06-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K/A
(Amendment No. 1)
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 5, 2023 (June 30, 2023
 
TIDEWATER INC.
(Exact name of Registrant as specified in its charter)
 
Delaware
 
1-6311
 
72-0487776
(State or Other Jurisdiction of
 
(Commission File Number)
 
(I.R.S. Employer
Incorporation)
     
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:
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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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. ☐
 
 

 
Explanatory Note
 
This Current Report on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K (the “Original 8-K”) filed by Tidewater Inc. (the “Company”) with the Securities and Exchange Commission on July 6, 2023 reporting that the Company completed its acquisition of Solstad Offshore vessels on July 5, 2023. The Company is filing this Amendment solely to amend and supplement the Original 8-K to provide certain financial information required by Item 9.01 of Form 8-K, which is permitted to be filed by amendment no later than 71 days after the due date of the Original 8-K. Except as set forth herein, no other amendments to the Original 8-K are being made by this Amendment.
 
 
Item 9.01. Financial Statements and Exhibits.
 
(a) Financial Statements of Business Acquired
 
The audited combined carve-out financial statements of Solstad Offshore PSV for the years ended December 31, 2022 and 2021, as well as the accompanying notes thereto, are attached as Exhibit 99.1 to this Amendment and are incorporated herein by reference; and the unaudited interim condensed combined carve-out financial statements of Solstad Offshore PSV for three and six months ended June 30, 2023 and 2022, as well as the accompanying notes thereto, are attached as Exhibit 99.2 to this Amendment and are incorporated herein by reference.
 
(b) Pro Forma Financial Information
 
The unaudited pro forma combined financial information of the Company as of and for the six months ended June 30, 2023 and for the year ended December 31, 2022, giving effect to the acquisition of Solstad Vessels is attached as Exhibit 99.3 to this Amendment and is incorporated herein by reference.
 
(d) Exhibits
 
The following exhibits are filed herewith:
 
 
Exhibit No.
Description
23.1
Consent of Ernst & Young AS.
99.1
Audited combined carve-out financial statements of Solstad Offshore PSV for the years ended December 31, 2022 and 2021.
99.2
Unaudited interim condensed combined carve-out financial statements of Solstad Offshore PSV for three and six months ended June 30, 2023 and 2022.
99.3
Unaudited pro forma combined financial information for the Company as of and for the six months ended June 30, 2023 and for the year ended December 31, 2022.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
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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.
 
Date: September 15, 2023
 
 
TIDEWATER INC.
 
By:
/s/ Daniel A. Hudson
   
Daniel A. Hudson
   
Executive Vice President, General Counsel and
Corporate Secretary
 
 
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