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8-KThe WireRoutine

Shareholder Vote

Filed Jun 7, 2024 · 2y ago · Accession 0001104659-24-069633

Plain English

Material event — a significant development the company must disclose promptly.

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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): June 6, 2024       Tidewater Inc. (Exact name of registrant as specified in its charter)       Delaware 1-6311 72-0487776 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer 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 (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))   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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 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 financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 5.07 Submission of Matters to a Vote of Security Holders.   (a)       On June 6, 2024, Tidewater Inc. (the “ Company ”) held its 2024 annual meeting of stockholders (“ Annual Meeting ”) virtually via a live audio webcast.   (b)      As of April 19, 2024, the record date for the Annual Meeting, the Company had 52,759,556 shares of common stock outstanding and entitled to vote. Of this number, 47,280,471 shares were represented in person or by proxy at the meeting, which represented 89.61% of the shares entitled to vote. The Company’s stockholders voted on the following four proposals at the Annual Meeting, detailed descriptions of which are contained in the 2024 Proxy Statement (“ Proxy Statement ”), casting their votes as described below.   Proposal 1: Election of Eight Directors   Each of the eight individuals listed below was elected at the Annual Meeting to serve a one-year term on the Company’s Board of Directors.   Director Nominee   Votes For   Votes Against   Abstentions   Broker Non-Votes Darron M. Anderson   42,336,549   552,503   11,883   4,379,536 Melissa Cougle   42,870,970   18,389   11,576   4,379,536 Dick H. Fagerstal   42,227,958   660,979   11,998   4,379,536 Quintin V. Kneen   42,879,967   9,229   11,739   4,379,536 Louis A. Raspino   42,859,877   29,305   11,753   4,379,536 Robert E. Robotti   42,886,153   10,879   3,903   4,379,536 Kenneth H. Traub   39,153,962   3,735,087   11,886   4,379,536 Lois K. Zabrocky   42,871,373   18,800   10,762   4,379,536   Proposal 2: Advisory Vote on Executive Compensation   Proposal 2 was an advisory vote on the executive compensation of our named executive officers as disclosed in the Proxy Statement. This advisory vote was approved.   Votes For   Votes Against   Abstentions   Broker Non-Votes 42,620,365   269,376   11,194   4,379,536   Proposal 3: Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation   Proposal 3 was an advisory vote on the frequency of future advisory votes on the executive compensation of our named executive officers. The advisory vote to hold future advisory votes on executive compensation every year (annually) was approved.   One Year   Two Years   Three Years   Abstentions 41,431,785   175,227   1,253,803   40,120   Proposal 4: Ratification of Selection of Independent Registered Public Accounting Firm   Proposal 4 was a proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. This proposal was approved.   Votes For   Votes Against   Abstentions 47,254,428   19,911   6,132   (d) Frequency of Shareholder Votes on Executive Compensation . Consistent with the recommendation of the Company’s Board of Directors, the Company’s stockholders recommended, by advisory, non-binding vote, a one-year frequency of future advisory votes on executive compensation. In accordance with these results and its previous recommendation, the Company’s Board of Directors determined that future advisory votes on executive compensation will be held annually until the next required advisory vote on the frequency of stockholder votes on the compensation of named executive officers, which the Company expects to hold no later than its 2030 Annual General Meeting of Stockholders.         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.     TIDEWATER INC.       Date: June 7, 2024 By: /s/ Daniel A. Hudson     Daniel A. Hudson     Executive Vice President, General Counsel and Corporate Secretary
Filing details
Ticker
TDW
CIK
98222
Form type
8-K
Filing date
Jun 7, 2024
Report date
Jun 6, 2024
Document
tm2416739d1_8k.htm
Size
256 KB