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): June 2, 1999
HVIDE MARINE INCORPORATED
(Exact name of registrant as specified in its charter)
Florida 0-28732 65-0524593
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, Florida 33316
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 954.524.4200
<PAGE>
Item 5. Other Events.
On June 2, 1999, Hvide Marine Incorporated (the "Company") announced
that Jean Fitzgerald had been elected Chairman, President and Chief Executive
Officer of the Company, replacing J. Erik Hvide, who resigned from such
positions. Mr. Hvide will remain a member of the Company's Board of Directors.
The Company's announcement is being filed as an exhibit to this Report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The following is being filed as an exhibit to this Report:
99.1 Press release dated June 2, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed by the undersigned
thereunto duly authorized.
HVIDE MARINE INCORPORATED
(Registrant)
By s/Robert B. Lamm
Robert B. Lamm
Senior Vice President,
General Counsel and
Secretary
Dated: June 3, 1999
Contact: Jack O'Connell (Corporate Communications), 954/524-4200, x224
HVIDE MARINE ELECTS NEW CHAIRMAN, PRESIDENT AND CEO
Fort Lauderdale, FL, June 2, 1999 - Hvide Marine Incorporated (Nasdaq: HMAR)
today announced the election of Jean Fitzgerald as Chairman, President and Chief
Executive Officer. Mr. Fitzgerald replaces J. Erik Hvide, who is stepping down
from these positions for personal reasons but will remain a member of the
Company's Board of Directors. The election of Mr. Fitzgerald is effective
immediately.
"We salute Erik Hvide for his vision and leadership in building the Company
into a worldwide leader in marine support and transportation services,"
commented Mr. Fitzgerald, "and we will continue to benefit from Erik's
experience through his service on the Board. "
Mr. Fitzgerald, 73, has been a director of the Company since 1994 and is
widely known within the maritime industry. A former Commissioner and Chairman of
the Port Everglades Authority, Mr. Fitzgerald retired from the U. S. Navy in
1974 in the rank of Captain, having commanded major fleet units at sea and
served in the offices of the Chief of Naval Operations and the Secretary of
Defense. He subsequently served as President of Tracor Marine and as a
co-founder and President of American Tank Testing Service, Inc. In 1982 and
1983, he was Hvide's Vice President of Governmental Affairs.
Mr. Hvide, 50, steps down from active duty after 29 years of service with
the Company, which was founded by his father, Hans J. Hvide, in 1958. Under his
leadership, the Company grew from a small family-owned operation into a leading
international provider of marine support and transportation services with
revenues of over $400 million in 1998. Mr. Hvide played a key role in taking the
Company public in 1996 and is a noted innovator in vessel design, having
patented the CATUG(R) catamaran-and-tug combination and the recently introduced
Ship Docking Module (SDM(TM)), a revolutionary tractor-tug design.
With a fleet of 284 vessels, Hvide Marine (pronounced "VEE-dah") is one of
the world's leading providers of marine support and transportation services,
primarily to the energy and chemical industries. Visit Hvide on the Web at
www.hvide.com.
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