TRICO MARINE SERVICES INC
SC 13G, 1998-03-05
WATER TRANSPORTATION
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934*

                           Trico Marine Services, Inc.
                                (Name of Issuer)

                          Common Stock, $.01 par value
                         (Title of Class of Securities)

                                    896106101
                                 (CUSIP Number)

                                February 27, 1998
             (Date of Event Which Requires Filing of this Statement)

        Check the appropriate box to designate the rule pursuant to which
                            this Schedule is filed:

                                [ ] Rule 13d-1(b)
                                [X] Rule 13d-1(c)
                                [ ] Rule 13d-1(d)

  *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 the
  disclosures provided in a prior cover 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 Exchange
  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).


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- ------------------------------
CUSIP No. 896106101                     13G
- ------------------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Louis M. Bacon
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                     (a) [ ]
                                                     (b) [ ]
                                                                                
- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY

- ---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           United States
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            None
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             1,105,600
     OWNED BY
                     ------ ----------------------------------------------------
       EACH              7  SOLE DISPOSITIVE POWER
     REPORTING
      PERSON                None
       WITH
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,105,600
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,105,600
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
           CERTAIN SHARES*                          [ ]
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           5.12%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN, IA
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                       2
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Item 1(a):               Name of Issuer:
- ---------                --------------
                         Trico Marine Services, Inc. (the "Company").

Item 1(b):               Address of Issuer's Principal Executive Offices:
- ---------                -----------------------------------------------  
                         250 North American Court
                         Houma, Louisiana 70363

Items 2(a):              Name of Person Filing:
- ----------               ---------------------
                         Louis M. Bacon ("Mr. Bacon")

                         The statement is being filed by Mr. Bacon, in
                         his capacity as (1) Chairman and Chief
                         Executive Officer, director and controlling
                         shareholder of Moore Capital Management,
                         Inc., a Connecticut corporation ("MCM"), and
                         (2) Chairman and Chief Executive Officer,
                         director and majority interest holder in
                         Moore Capital Advisors, LLC ("MCA").

                         MCM, a registered commodity trading advisor
                         and member of the National Futures
                         Association, serves as discretionary
                         investment manager to Moore Global
                         Investments, Ltd. ("MGI"), a non-U.S.
                         investment company incorporated in the
                         British Virgin Islands, and other investment
                         funds. MCA, a registered commodity trading
                         advisor and commodity pool operator, serves
                         as general partner and discretionary
                         investment manager to a U.S. partnership,
                         Remington Investment Strategies, L.P.
                         ("RIS"). The principal occupation of Mr.
                         Bacon is the direction of the investment
                         activities of MCM and MCA, carried out in his
                         capacity of Chairman and Chief Executive
                         Officer of such entities. In this capacity,
                         Mr. Bacon may be deemed to be the beneficial
                         owner of the shares of Common Stock (as
                         defined) which are the subject of this
                         statement held for the account of MGI and for
                         the account of RIS.

Item 2(b):               Address of Principal Business Office:
- ---------                ------------------------------------
                         1251 Avenue of the Americas
                         New York, New York 10020

                                       3
<PAGE>
                        

Item 2(c):               Citizenship:
- ---------                -----------
                         United States citizen

Item 2(d):               Title of Class of Securities:
- ---------                ----------------------------
                         Common stock, par value $.01 per share
                         (the "Common Stock"), of the Company

Item 2(e):               CUSIP Number:
- ---------                ------------
                         896106101

Item 3:                  If this statement is filed pursuant to
- ------                   section 240.13d-1(b) or 240.13d-2(b) or (c),
                         check whether the person is filing as a:
                         ---------------------------------------------
                         (a)[ ] Broker or dealer registered under 
                                section 15 of the Act (15 U.S.C. 78o).

                         (b)[ ] Bank as defined in section 3(a)(6)
                                of the Act (15 U.S.C. 78c).

                         (c)[ ] Insurance company as defined in section
                                3(a)(19) of the Act (15 U.S.C. 78c).

                         (d)[ ] Investment company registered under
                                section 8 of the Investment Company Act of
                                1940 (15 U.S.C. 80a-8).

                         (e)[ ] An investment adviser in accordance
                                with section 240.13d-1(b)(1)(ii)(E).

                         (f)[ ] An employee benefit plan or
                                endowment fund in accordance with
                                section 240.13d-1(b)(1)(ii)(F).

                         (g)[ ] A parent holding company or
                                control person in accordance with
                                section 240.13d-1(b)(1)(ii)(G).

                         (h)[ ] A savings association as defined in 
                                Section 3(b) of the Federal Deposit
                                Insurance Act (12 U.S.C. 1813).

                         (i)[ ] A church plan that is excluded
                                from the definition of an
                                investment company under section
                                3(c)(14) of the Investment Company
                                Act of 1940 (15 U.S.C. 80a-3).

                                       4
<PAGE>

                    

                          (j)[ ] Group, in accordance with section
                                 240.13d-1(b)(1)(ii)(J).

                          If this statement is filed pursuant to ss.
                          240.13d-1(c), check this box [X].

Items 4(a)-(c):           Ownership:
- --------------            ---------
                          On the date of this Statement, Mr. Bacon is
                          deemed to have beneficial ownership for
                          purposes of Section 13(d) of the Securities
                          Exchange Act of 1934 of 1,105,600 shares of
                          Common Stock by virtue of his control of MCM
                          and MCA. Such shares represent 5.12% of the
                          issued and outstanding shares of Common
                          Stock. By virtue of his control of MCM and
                          MCA, Mr. Bacon is deemed to share voting
                          power and dispositive power over the shares
                          of Common Stock held by MGI and RIS.

                          The percentages used herein are calculated
                          based upon the 21,600,000 shares of Common
                          Stock that the Company has represented 
                          to MCM to be issued and outstanding as 
                          of February 10, 1998.

Item 5:                   Ownership of Five Percent or Less of a Class:
- ------                    --------------------------------------------
                          Not Applicable.

Item 6:                   Ownership of More than Five Percent on Behalf
- ------                    of Another Person:
                          ---------------------------------------------
                          Mr. Bacon, by virtue of his control of MCM
                          and MCA, is known to have the right to
                          receive or the power to direct the receipt of
                          dividends from, or the proceeds of the sale
                          of, shares of Common Stock, except that
                          shareholders of MGI and partners of RIS have
                          the right to participate in the receipt of
                          dividends from, or proceeds upon the sale of,
                          the shares of Common Stock held for their
                          respective accounts.

Item 7:                   Identification and Classification of the
- ------                    Subsidiary Which Acquired the Security Being
                          Reported on By the Parent Holding Company:
                          --------------------------------------------
                          Not Applicable.

                                       5
<PAGE>
                          

Item 8:                   Identification and Classification of
- ------                    Members of the Group:
                          ------------------------------------
                          Not Applicable.

Item 9:                   Notice of Dissolution of Group:
- ------                    ------------------------------
                          Not Applicable.

Item 10:                  Certification:
- -------                   -------------
                          By signing below the undersigned certifies
                          that, to the best of the undersigned's
                          knowledge and belief, the securities referred
                          to above were not acquired and are not held
                          for the purpose of or with the effect of
                          changing or influencing the control of the
                          issuer of the securities and were not
                          acquired and are not held in connection with
                          or as a participant in any transaction having
                          that purpose or effect.


                                       6
<PAGE>


                                    SIGNATURE

         After reasonable inquiry and to the best of the undersigned's knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.

Dated:  March 5, 1998


                                            LOUIS M. BACON

                                            By:  /s/ Stephen R. Nelson
                                                Name:  Stephen R. Nelson*
                                                Title: Attorney-in-Fact
















- ------------------
*    Power of Attorney dated November 28, 1997 granted by 
     Louis M. Bacon in favor of M. Elaine Crocker, Kevin F.
     Shannon and Stephen R. Nelson is attached hereto as Exhibit A.

                                       7

<PAGE>
                                                              Exhibit A
                                                              ---------

                                POWER OF ATTORNEY


KNOW ALL MEN BY THESE PRESENTS, that I, Louis M. Bacon, hereby make constitute
and appoint each of M. Elaine Crocker, Kevin F. Shannon and Stephen R. Nelson,
acting individually, as my agent and attorney-in-fact for the purpose of
executing in my name (a) in my personal capacity or (b) in my capacity as
Chairman and Chief Executive Officer of each of Moore Capital Management, Inc.
and Moore Capital Advisors, LLC and their respective affiliates all documents,
certificates, instruments, statements, filing and agreements ("documents") to be
filed with or delivered to any foreign or domestic governmental or regulatory
body or required or requested by any other person or entity pursuant to any
legal or regulatory requirement relating to the acquisition, ownership,
management or disposition of securities or other investments, and any other
documents relating or ancillary thereto, including but not limited to, all
documents relating to filings with the United States Securities and Exchange
Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities
Exchange Act of 1934 (the "Act") and the rules and regulations promulgated
thereunder, including: (1) all documents relating to the beneficial ownership of
securities required to be filed with the SEC pursuant to Section 13(d) or
Section 16(a) of the Act including, without limitation: (a) any acquisition
statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any
joint filing agreements pursuant to Rule 13d-1(f), and (c) any initial
statements of, or states of changes in, beneficial ownership of securities on
Form 3, From 4 or Form 5 and (2) any information statements on Form 13F required
to be filed with the SEC pursuant to Section 13(f) of the Act.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 28th day of
November, 1997.



                                                      /s/ Louis M. Bacon
                                                          Louis M. Bacon





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