On November 7, 2024, the Company announced that its Board of Directors approved a $10.1 million increase in its share repurchase program. Year to date, the Company has purchased approximately $47.9 million of its common stock under this program, leaving approximately $42.8 million of available share repurchase authorization after such increase. The timing, manner, price and amount of any repurchases under the share repurchase program are determined by the Company in its discretion. Purchases may be completed through open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or other means. The Company is not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
The following exhibit is furnished with this Form 8-K:
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 thereunto duly authorized.
TIDEWATER INC
Date: November 7, 2024
By:
/s/ Samuel R. Rubio
Samuel R. Rubio
Executive Vice President and Chief Financial Officer