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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): DECEMBER 1, 1999
FIRST WAVE MARINE, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
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333-38157 76-0461352
(Commission File Number) (I.R.S. Employer Identification No.)
2102 BROADWAY
HOUSTON, TEXAS 77012
(Address of principal executive offices) (Zip Code)
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(713) 847-4600
(Registrant's telephone number, including area code)
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Item 5. Other Events
On December 1, 1999, First Wave Marine, Inc. (the "Company") announced
that Grady Walker has been elected President to succeed Frank Eakin. Mr. Walker
was previously a Senior Vice President directly responsible for Company
operations. An original shareholder of the Company, Mr. Eakin decided to resign
his position as President after six years of corporate growth. The transition
follows several months of medical leave for Mr. Eakin who has elected to pursue
an opportunity outside the marine industry. Mr. Eakin will remain on the Board
of Directors of the Company and a significant shareholder, and will continue in
an advisory role with the Company. Additional information is included in the
Company's press release dated December 1, 1999, which is attached hereto as
Exhibit 99.1.
Item 7. Financial Statements And Exhibits
(c) Exhibits.
99.1 Press Release dated December 1, 1999.
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.
FIRST WAVE MARINE, INC.
Dated: December 7, 1999 By: /s/ SUZANNE B. KEAN
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Suzanne B. Kean
Vice President and General Counsel
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INDEX TO EXHIBITS
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Exhibit Description
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99.1 Press Release dated December 1, 1999
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EXHIBIT 99.1
PRESS RELEASE
(BW) (TX-FIRSTWAVE-MARINE) FIRSTWAVE ANNOUNCES GRADY WALKER TO SUCCEED FRANK
EAKIN AS PRESIDENT
Business Editors
HOUSTON--(BUSINESS WIRE)--December 1, 1999--FirstWave announced today
that Grady Walker has been elected President to succeed Frank Eakin. Mr. Walker
was previously a Senior Vice President directly responsible for company
operations.
An original shareholder of the company, Mr. Frank Eakin decided to
resign his position as President after six years of corporate growth. The
transition follows several months of medical leave for Mr. Eakin who has elected
to pursue an opportunity outside the marine industry. Mr. Eakin will remain on
the Board of Directors and a significant shareholder, and will continue in an
advisory role with the company.
Mr. Frank Eakin said, "Since joining our team 3 years ago, Grady has
been a driving force in advancing FirstWave's operational sophistication to the
level we enjoy today. Together, we have built an organization with substantial
depth which is well positioned to benefit from the rebound of the oil industry.
I know that our team will continue to set the standards for the industry."
FirstWave/Newpark Shipbuilding is a leading shipyard company in the
Houston-Galveston area. The company provides repair, conversion, new
construction and related services for barges, boats, ships, offshore rigs and
other vessels in the offshore and inland marine industries.
--30--kh/na*
CONTACT: FirstWave Marine Inc., Baton Rouge
David B. Ammons, 225/757-8807
