UNITED STATES
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) May 11, 2000
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.)
250 North American Court, Houma, Louisiana 70363
(Address of principal executive offices) (Zip Code)
(504) 851-3833
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
On May 11, 2000, Trico Marine Services, Inc. issued the press release
attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Exhibits.
99 Press release issued by Trico Marine Services, Inc. on May
11, 2000 announcing the sale of six liftboats to Superior
Energy Services, Inc.
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: May 11, 2000
Contact: Victor M. Perez
Tom Green
(713) 780-9926
[email protected]
TRICO MARINE SELLS LIFTBOATS TO SUPERIOR ENERGY SERVICES FOR $14 MILLION
Houston, Texas (May 11, 2000) -- Trico Marine Services, Inc.
(Nasdaq:TMAR) announced today the sale of the Company's six liftboats to
Superior Energy Services, Inc. (Nasdaq:SESI) of Harvey, Louisiana, for $14
million in cash.
As a result of the sale, Trico will report an after-tax gain of
approximately $2.6 million, or $0.09 cents per share, for the second
quarter of fiscal 2000. Proceeds from the sale will be used to reduce bank
indebtedness. Completion of the sale will occur by June 1.
"Trico's liftboats were obtained in 1993 in connection with another
acquisition and have been operated by a third party since that time," said
Thomas E. Fairley, President and Chief Executive Officer of Trico. "While
these specialized vessels perform an important service in the work
associated with offshore platform repair and maintenance and well
servicing, they have not been part of Trico's core business or its growth
strategy."
Trico's fleet includes state-of-the-art multi-purpose anchor handling,
towing and supply boats and large platform supply vessels, an advanced
SWATH crew vessel, crew boats and line handling vessels.
TRICO MARINE PROVIDES MARINE SUPPORT SERVICES TO THE OIL AND GAS
INDUSTRY, PRIMARILY IN THE GULF OF MEXICO, THE NORTH SEA AND LATIN AMERICA.
THE SERVICES PROVIDED BY THE COMPANY'S DIVERSIFIED FLEET OF VESSELS INCLUDE
THE MARINE TRANSPORTATION OF DRILLING MATERIALS, SUPPLIES AND CREWS AND
SUPPORT FOR OFFSHORE WELL SERVICING, CONSTRUCTION, INSTALLATION AND
MAINTENANCE OF OFFSHORE FACILITIES.
CERTAIN STATEMENTS IN THIS PRESS RELEASE THAT ARE NOT HISTORICAL FACT
MAY BE "FORWARD LOOKING STATEMENTS." ACTUAL EVENTS MAY DIFFER MATERIALLY
FROM THOSE PROJECTED IN ANY FORWARD-LOOKING STATEMENT. THERE ARE A NUMBER
OF IMPORTANT FACTORS INVOLVING RISKS AND UNCERTAINTIES BEYOND THE CONTROL
OF THE COMPANY THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM
THOSE EXPRESSED OR IMPLIED BY SUCH STATEMENTS. A DESCRIPTION OF RISKS AND
UNCERTAINTIES ATTENDANT TO TRICO MARINE SERVICES, INC AND ITS INDUSTRY AND
OTHER FACTORS THAT COULD AFFECT THE COMPANY'S FINANCIAL RESULTS ARE
INCLUDED IN THE COMPANY'S SECURITIES AND EXCHANGE COMMISSION FILINGS.
