UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2011
GULFMARK OFFSHORE, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-33607
(Commission file number)
76-0526032
(I.R.S. Employer Identification No.)
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10111 Richmond Avenue, Suite 340,
Houston, Texas
(Address of principal executive offices)
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77042
(Zip Code) |
(713) 963-9522
(Registrants telephone number, including area code)
N/A
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 |
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Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers; Compensatory
Arrangement of Certain Officers. |
On January 24, 2011, the Compensation Committee considered GulfMarks fiscal year 2010 performance,
the incentive criteria established for fiscal year 2010, and GulfMarks long-term incentive
compensation philosophy. Based on that review, the Compensation Committee recommended to
GulfMarks Board of Directors the bonuses, restricted stock awards, and 2011 base salaries for
Messrs. Streeter, Kneen, Leech indicated in the table below. These recommendations were approved by
the Board of Directors on February 23, 2011.
All bonuses and restricted stock awards will be paid and granted consistent with such payments and
grants for all domestic shore-based personnel in March 2011:
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Restricted Stock |
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Bonus |
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Awards |
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2011 Base Salary |
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Bruce A. Streeter |
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$ |
427,195 |
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17,479 shares |
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$ |
630,109 |
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Director, President &
Chief Executive Officer |
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John E. Leech |
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$ |
272,125 |
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11,134 shares |
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$ |
334,462 |
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Executive Vice President
Operations |
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Quintin V. Kneen |
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$ |
267,135 |
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16,515 shares |
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$ |
303,090 |
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Executive Vice President,
Chief Financial Officer
& Secretary |
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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.
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Date: March 1, 2011 |
GulfMark Offshore, Inc.
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By: |
/s/ Quintin V. Kneen
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Name: |
Quintin V. Kneen |
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Title: |
Executive Vice President,
Chief Financial Officer & Secretary |
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