UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported) January 29, 2018

 

 

TIDEWATER INC.

(Exact name of registrant as specified in its charter)

 

 

 

(504) 568-1010

(Registrant's 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 (see General Instruction A.2. below):

 

☐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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

 

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{N3486509.2}

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Item 8.01Other Events.

 

On January 24, 2018, the board of directors (the “Board”) of Tidewater Inc. (“Company”) at the recommendation by its nominating and corporate governance committee, took certain actions with respect to the directors’ compensation.  

 

Changes in Base Salaries Effective January 1, 2018.  In support of the Company’s overall cost-cutting efforts, the Board approved a 15% decrease in the cash portion of base annual compensation paid to each non-employee director effective January 1, 2018.  The Board made no changes to the fees paid to Board or committee chairpersons or the equity portion of director compensation.

 

 

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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:   January 30, 2018

 

 

 

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