Tidewater Announces Termination Of Tax Benefits Preservation Plan [TheStreet.com]
Tidewater Inc. (TDW)
Last tidewater inc. earnings: 8/9 04:24 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=81406&p=irol-irhome_pf
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Source: TheStreet.com
Tidewater Inc. ( ) - (the "Company") today announced that its Board of Directors has amended its previously adopted Tax Benefits Preservation Plan (the "Plan") to accelerate the termination of the Plan to December 15, 2021. The Plan, previously scheduled to expire on April 13, 2023, was designed to protect the Company's existing net operating loss carryforwards and foreign tax credits, by deterring an acquisition of the Company's stock in-excess of a threshold amount that could trigger an "ownership change" within the meaning of the Internal Revenue Code. Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "The Plan was established in March of 2020 to protect significant tax attributes that were at risk of being limited under Section 382 of the Internal Revenue Code due to the considerable rolling three-year change in ownership percentage of the Company, which was driven in part by the issuance of shares in the November 2018 acquisition of GulfMark Offshore,
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TDW
Earnings
- 2/29/24 - Beat
TDW
Sec Filings
- 4/2/24 - Form 4
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- TDW's page on the SEC website