UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _________)*
Seal Fleet, Inc.
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(Name of Issuer)
Class A Common Stock
-----------------------------------------------
(Title of Class of Securities)
812068 10 4
----------------
(CUSIP Number)
Gene Douglas, Vice President-Legal and General Counsel
Hvide Marine Incorporated, 2200 Eller Drive, P.O. Box 13038
Port Everglades Station, Ft. Lauderdale, FL 33316
(954) 523-2300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 14, 1996
-----------------------------
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in the prior cover page.
<PAGE>
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes.)
<PAGE>
1. NAME OF PERSON
Hvide Marine Incorporated
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e). [ ]
N/A
6. CITIZENSHIP OR PLACE OR ORGANIZATION
State of Florida
7. SOLE VOTING POWER
271,055 shares of Class A Common Stock
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH 9. SOLE DISPOSITIVE POWER
271,055 shares of Class A Common Stock
10. SHARED DISPOSITIVE POWER
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
271,055 shares of Class A Common Stock
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* []
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.7% based on issuer's most recent quarterly report on Form
10-Q
14. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
ITEM 1. SECURITY AND ISSUER.
Title of class of equity securities: Class A Common Stock
Name and address of the principal executive offices of the issuer:
Seal Fleet, Inc.
3305 Avenue S
Galveston, Texas 77553
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Hvide Marine Incorporated
(b) Address of Principal Business and Principal Office:
2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) State of Organization: State of Florida
(d) Principal Business:
Marine support and transportation services in the
U.S. domestic trade and principally to the energy
and chemical industries.
(e) Criminal convictions in the last five years: None
(f) Civil securities violations in the last five
years: None
Executive Officers and Directors of Hvide Marine Incorporated:
(a) Name: J. Erik Hvide
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Chairman of the Board,
President, Chief Executive
Officer, and Director,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: John H. Blankley
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Executive Vice President,
Chief Financial Officer,
Treasurer, and Director,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
<PAGE>
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Donald L. Caldera
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Executive Vice President-
Development and Director,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Eugene F. Sweeney
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Executive Vice President-
Operations and Director,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Arthur E. Bailey
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Vice President-Human
Resources and Strategic
Quality Planning,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Andrew W. Brauninger
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Vice President-Offshore
Division,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
<PAGE>
years: None
(f) Citizenship: USA
(a) Name: Gene Douglas
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Vice President-Legal and
General Counsel and
Secretary,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: William R. Ludt
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Vice President-Inland
Services Division,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Robert A. Santos
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Vice President-Offshore
and Harbor Towing
Operations,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Robert B. Calhoun, Jr.
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
President, Clipper Asset
Management Corporation
(d) Criminal convictions in the last five years: None
<PAGE>
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Gerald Farmer
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
Retired
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Jean Fitzgerald
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
Chairman, Florida
Alliance, Inc.
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: John Lee
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
Chairman and Chief
Executive Officer, Hexcel
Corporation
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Walter C. Mink
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
President, Walter C. Mink
<PAGE>
& Associates
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Robert Rice
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
Retired
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(a) Name: Dr. Raymond B. Vickers
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Director, Hvide Marine
Incorporated
Attorney
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
Shareholders of Hvide Marine Incorporated:
(a) Name: Clipper Capital Associates, L.P.
(b) Address of Principal Business and Principal Office:
12 E. 49th Street, 30th Floor
New York, NY 10017
(c) State of Organization: State of Delaware
(d) Principal Business:
Private Investment Firm
(e) Criminal convictions in the last five years: None
(f) Civil securities violations in the last five
years: None
(g) Clipper Capital Associates, L.P. is a shareholder of
Hvide Marine Incorporated and the general partner of
certain other shareholders of Hvide Marine Incorporated
(a) Name: J. Erik Hvide
(b) Business address:2200 Eller Drive
P.O. Box 13038
Port Everglades Station
Fort Lauderdale, FL 33316
(c) Present principal occupation: Chairman of the Board,
President, Chief Executive
Officer, and Director,
Hvide Marine Incorporated
(d) Criminal convictions in the last five years: None
(e) Civil securities violations in the last five
years: None
(f) Citizenship: USA
(g) Mr. Hvide is a shareholder and a trustee of certain
trusts that are shareholders of Hvide Marine Incorporated
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
General Business Funds
ITEM 4. PURPOSE OF TRANSACTION
Hvide Marine Incorporated ("HMI")acquired the shares of Class A Common
Stock as an investment and may from time to time acquire or dispose of
additional shares through open market and privately negotiated
transactions depending on existing market and economic conditions. HMI
intends to review its investment in the issuer on a continuing basis
and, depending on the price and availability of shares, subsequent
developments affecting the issuer, the issuer's business and prospects,
other investment and business opportunities available to HMI, and other
factors considered relevant, may decide to increase or decrease the
size of its investment in the issuer.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
The aggregate number and percentage of the class of securities
beneficially owned by HMI is indicated on page 3 of this Schedule.
Of the 271,055 shares of Class A Common Stock acquired by HMI, 70,000
and 26,000 shares were acquired in private transactions on July 18,
1996 and July 17, 1996, respectively, 212,655 shares were acquired on
August 14, 1996 in connection with HMI's acquisition of eight offshore
supply boats from the Issuer and certain related partnerships, and
37,600 shares were sold by HMI to an individual on August 14, 1996.
ITEM 6. CONTACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
<PAGE>
HVIDE MARINE INCORPORATED
By: /s/ GENE DOUGLAS
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Gene Douglas
DATE: August 26, 1996
