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) December 10, 1996
TRICO MARINE SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-28316 72-1252405
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
610 Palm Street, Houma, Louisiana 70364
(Address of principal executive offices) (Zip Code)
(504) 851-3833
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
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Item 2. Acquisition or Disposition of Assets.
On December 10, 1996, Trico Marine Services, Inc. (the
"Registrant"), through its wholly-owned subsidiary, Trico Marine
Assets, Inc. ("Assets"), completed the acquisition of three
supply vessels from SEACOR Marine, Inc., a wholly-owned
subsidiary of SEACOR Holdings, Inc. for an aggregate of $11.45
million in cash. There are no material relationships between
SEACOR Holdings, Inc. or any of its affiliates and the Registrant
or any of its affiliates, directors, officers or associates of
any of the foregoing.
Two of the acquired vessels are 180- to 185-foot supply
vessels and one is a 166-foot supply vessel. All of the vessels
are currently located in the Gulf of Mexico. Pursuant to this
acquisition, the Registrant did not acquire any of the customers,
contracts, charters or routes historically associated with these
vessels and intends to immediately remarket the vessels as part
of its Gulf of Mexico fleet. The Registrant will take possession
of the vessels without their being subject to any executory
contracts. The vessels will be marketed by the Registrant's
sales force and to the Registrant's customers on a similar basis
as the other vessels in the Registrant's fleet. Due to the lack
of continuity between the historical management and marketing of
the vessels and their future management and marketing by the
Registrant, management believes that the historical results of
operations of the vessels do not reflect the future prospects of
the vessels under the Registrant's management and that such
information would not be relevant to investors.
The acquisition was financed with borrowings under the
Registrant's credit facility and with cash generated from
operations. After giving effect to this acquisition, the
Registrant will have approximately $31 million available under
its credit facility. Including the three acquired vessels, the
Registrant now has a fleet of 64 vessels, including 34 supply
boats. As a result of this acquisition and several other
acquisitions completed by the Registrant in 1996, the Registrant
expects its revenues to be significantly higher in future periods
than in prior periods.
Item 7.Financial Statements and Exhibits.
(a) No financial statements are filed with this report, as
the acquired vessels do not constitute a business within the
meaning of Rule 11-01 of Regulation S-X.
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.
TRICO MARINE SERVICES, INC.
By: /s/ Victor M. Perez
_____________________________
Victor M. Perez
Vice President, Chief Financial
Officer and Treasurer
Dated: December 11, 1996
