UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
APRIL 5, 1996
Date of Report (Date of Earliest Event Reported)
SEAHAWK DEEP OCEAN TECHNOLOGY, INC.
Exact Name of Registrant as Specified in its Charter
COLORADO 0-18239 84-1087879
State or Other Jurisdiction Commission File IRS Employer Iden-
Of Incorporation Number tification Number
5102 SOUTH WESTSHORE BOULEVARD, TAMPA, FLORIDA 33611
Address of Principal Executive Offices, Including Zip Code
(813) 832-4040
Registrant's Telephone Number, Including Area Code
N/A
Former Name or Former Address, if Changed Since Last Report
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 5, 1996, Seahawk Deep Ocean Technology, Inc. (the "Company")
sold its 210 foot recovery vessel known as the Seahawk Retriever to S & H
Diving L.L.C., a non-affiliated Louisiana-based, wholly-owned subsidiary of
American Oilfield Divers, Inc. for a total purchase price of $1,450,000, less
a credit for accrued charter hire of $11,250. Concurrently the Company
settled and paid its outstanding mortgage on the vessel. The amount of the
mortgage was $1,168,000 and the mortgagor agreed to accept $900,000 as full
payment. The Company also paid a 5.5% commission in connection with the sale.
In the event the Company needs a recovery vessel for future shipwreck
recovery projects, management believes that suitable vessels can be
chartered on a day rate basis, and such vessels may be chartered from
American Oilfield Divers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated: April 25, 1996 SEAHAWK DEEP OCEAN TECHNOLOGY, INC.
By:/s/ John T. Lawrence
John T. Lawrence, President
