SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 to Amended and Restated Schedule 13D)*
Tidewater Inc.
(Name of Issuer)
Common Stock, Par Value $.10 Per Share and Associated Rights to Purchase
Shares of Series A Participating Preferred Stock
(Title of Class of Securities)
886423 10 2
(CUSIP Number)
Lester Pollack With a copy to
Corporate Advisors, L.P. Timothy G. Massad
One Rockefeller Plaza Cravath, Swaine & Moore
New York, New York 10020 825 Eighth Avenue
(212) 632-4844 New York, New York 10019
(212) 474-1000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 24, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(b)(3) or (4), check
the following box [ ].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a
previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and (2)
has filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
* 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 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).
Page 1 of 9 pages
<PAGE>
SCHEDULE 13D
CUSIP No. 886423 10 2 Page 2 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Corporate Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,394,683
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 886423 10 2 Page 3 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Corporate Offshore Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Bermuda
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY SHARED VOTING POWER
OWNED BY EACH 8 -0-
REPORTING SOLE DISPOSITIVE POWER
PERSON WITH 9 -0-
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
243,316
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED
13 BY AMOUNT IN ROW (11)
0.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 886423 10 2 Page 4 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
State Board of Administration of Florida
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
355,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 886423 10 2 Page 5 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Corporate Advisors, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 3,992,999
OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH 10 SHARED DISPOSITIVE POWER
3,992,999
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,992,999
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 886423 10 2 Page 6 of 9 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LFCP Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 3,992,999
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
10 SHARED DISPOSITIVE POWER
3,992,999
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,992,999
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 2 to the Amended and Restated Schedule
13D filed on October 27, 1993 (which incorporated prior Amendments No.
1, 2, 3, 4, 5 and 6 to the Schedule 13D as originally filed),
including the statement attached thereto (the "Statement"), is filed
on behalf of Corporate Partners, L.P., Corporate Offshore Partners,
L.P., State Board of Administration of Florida, Corporate Advisors,
L.P. and LFCP Corp. Capitalized terms used herein and not defined
herein shall have the meaning assigned to such terms in the Statement.
Item 4. Purpose of Transaction.
Item 4 of the Statement is hereby amended by adding the
following paragraph after the fifth paragraph of such Item 4 (as
previously amended):
As described in greater detail in Item 6, on August 24,
1995, Corporate Partners requested that Tidewater file a
registration statement for the sale of 1,700,318 shares of
Tidewater Common Stock owned by Corporate Partners. Corporate
Offshore Partners requested that Tidewater include in such
registration statement 121,872 shares of Tidewater Common Stock
owned by Corporate Offshore Partners, and the State Board
requested that Tidewater include in such registration statement
177,810 shares of Tidewater Common Stock owned by the State
Board, constituting an aggregate of 2,000,000 shares for all
three Purchasers.
Item 5. Interest In Securities of the Issuer.
Items 5(a) and 5(b) of the Statement are hereby amended by
adding the following paragraph immediately following the sixth
paragraph of such Item 5:
If the Purchasers consummate the sale of the 2,000,000
shares of Tidewater Common Stock proposed to be sold by the
Purchasers in the Public Offering described in Item 6, (i) the
number of shares of Tidewater Common Stock owned by Corporate
Partners would be reduced to 1,694,365, representing 3.2% of the
53,271,255 shares of Tidewater Common Stock that Tidewater
reported in its Quarterly Report on Form 10-Q for the quarterly
period ended June 30, 1995, to be outstanding as of July 21,
1995, (ii) the number of
Page 7 of 9 Pages
<PAGE>
shares of Tidewater Common Stock owned by Corporate Offshore
Partners would be reduced to 121,444, representing .2% of such
outstanding shares, (iii) the number of shares of Tidewater
Common Stock owned by the State Board would be reduced to
177,190, representing .3% of such outstanding shares and (iv) the
number of shares of Tidewater Common Stock that may be deemed to
be beneficially owned by Corporate Advisors and LFCP would be
reduced to 1,992,999, representing 3.7% of such outstanding
shares.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
Item 6 of the Statement is hereby amended by adding the
following paragraph immediately after the 22nd paragraph of such Item
6:
On August 24, 1995, Corporate Partners requested, pursuant
to Section 2.1(a) of the Stockholder Agreement between Tidewater
and Corporate Partners that Tidewater file a registration
statement under the Securities Act of 1933, as amended (the
"Registration Statement"), relating to a proposed public offering
(the "Public Offering") by Corporate Partners of 1,700,318 shares
of Tidewater Common Stock owned by Corporate Partners. Pursuant
to Section 2.1(a) of the respective Stockholder Agreements
between Tidewater and Corporate Offshore Partners, and between
Tidewater and the State Board, Corporate Offshore Partners
requested that Tidewater include in the Registration Statement
121,872 shares of Tidewater Common Stock owned by Corporate
Offshore Partners, and the State Board requested that Tidewater
include in the Registration Statement 177,810 shares of Tidewater
Common Stock owned by the State Board.
Page 8 of 9 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is
true, complete and correct.
Date: August 28, 1995
CORPORATE PARTNERS, L.P.
CORPORATE OFFSHORE PARTNERS, L.P.
STATE BOARD OF ADMINISTRATION OF
FLORIDA
by CORPORATE ADVISORS, L.P.,
general partner of Corporate
Partners, L.P. and of
Corporate Offshore
Partners, L.P. and attorney-
in-fact for State Board of
Administration of Florida,
by LFCP CORP.,
its general partner,
by /s/ Jonathan Kagan
-----------------------
Name: Jonathan Kagan
Title: President
Page 9 of 9 Pages
