AGM/EGMApr 28, 2026, 04:58 PM
TDW Sets June 16 AGM; Proposes 7 Directors, Stock Plan Increase
AI Summary
Tidewater Inc. announced its 2026 Annual Meeting of Stockholders to be held on June 16, 2026, where shareholders will vote on the election of seven directors, executive compensation, and an increase of 2,250,000 shares for the 2021 Stock Incentive Plan. The company reported strong 2025 financial results with $1.35 billion in revenue, $333.5 million in net income, and $426.0 million in free cash flow. Tidewater also highlighted its $500 million share repurchase program and the agreement to acquire Wilson Sons Ultratug Offshore for $500 million.
Key Highlights
- TIDEWATER INC (TDW) will hold its 2026 Annual Meeting of Stockholders on June 16, 2026.
- Stockholders will vote on the election of seven directors.
- Advisory vote to approve named executive officer compensation is on the agenda.
- Approval of the First Amendment to the 2021 Stock Incentive Plan to increase shares by 2,250,000.
- Ratification of PricewaterhouseCoopers LLP as independent auditors for 2026.
- Reported 2025 revenue of $1.35 billion and net income of $333.5 million.
- Achieved $598.1 million in adjusted EBITDA and $426.0 million in free cash flow in 2025.
- Authorized a new $500 million share repurchase program in August 2025.