Item 8.01. Other Events.
In accordance with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Tidewater Inc. (the "Company") notes that certain
statements set forth in this Current Report on Form 8-K provide contain certain
forward-looking statements which reflect our current view with respect to future
events and future financial performance. Forward-looking statements are all
statements other than statements of historical fact. All such forward-looking
statements are subject to risks and uncertainties, many of which are beyond the
control of the Company, and our future results of operations could differ
materially from our historical results or current expectations reflected by such
forward-looking statements. These risks and uncertainties include, without
limitation: the risks related to fluctuations in worldwide energy demand and oil
and natural gas prices, and continuing depressed levels of oil and natural gas
prices without a clear indication of if, or when, prices will recover to a level
to support renewed offshore exploration activities; fleet additions by
competitors and industry overcapacity; our limited capital resources available
to replenish our asset base as needed, including through acquisitions or vessel
construction, and to fund our capital expenditure needs; uncertainty of global
financial market conditions and potential constraints in accessing capital or
credit if and when needed with favorable terms, if at all; changes in decisions
and capital spending by customers in the energy industry and the industry
expectations for offshore exploration, field development and production;
consolidation of our customer base; loss of a major customer; changing customer
demands for vessel specifications, which may make some of our older vessels
technologically obsolete for certain customer projects or in certain markets;
rapid technological changes; delays and other problems associated with vessel
maintenance; the continued availability of qualified personnel and our ability
to attract and retain them; the operating risks normally incident to our lines
of business, including the potential impact of liquidated counterparties; our
ability to comply with covenants in our indentures and other debt instruments;
acts of terrorism and piracy; the impact of regional or global public health
crises or pandemics; the impact of potential information technology,
cybersecurity or data security breaches; integration of acquired businesses and
entry into new lines of business; disagreements with our joint venture partners;
natural disasters or significant weather conditions; unsettled political
conditions, war, civil unrest and governmental actions, such as expropriation or
enforcement of customs or other laws that are not well developed or consistently
enforced; the risks associated with our international operations, including
local content, local currency or similar requirements especially in higher
political risk countries where we operate; interest rate and foreign currency
fluctuations; labor changes proposed by international conventions; increased
regulatory burdens and oversight; changes in laws governing the taxation of
foreign source income; retention of skilled workers; enforcement of laws related
to the environment, labor and foreign corrupt practices; the potential liability
for remedial actions or assessments under existing or future environmental
regulations or litigation; the effects of asserted and unasserted claims and the
extent of available insurance coverage; and the resolution of pending legal
proceedings.
On January 6, 2021, Quintin V. Kneen, President and CEO, and Larry T. Rigdon,
Chairman of Tidewater Inc. ("Tidewater") participated in a Virtual Fireside Chat
hosted by Robotti & Company Advisors, LLC. A recording of the conversation will
be available beginning at 12:00 p.m. Central Time on January 7, 2021 and will
continue until 11:59 p.m. Central Time on February 7, 2021. To access the
replay, access the Investor Relations section of Tidewater's website at
investor.tdw.com.
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