UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 18)*

Premier Exhibitions, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74051E102

(CUSIP Number)

Mark A. Sellers

Sellers Capital LLC

707 Skokie Boulevard

Northbrook, IL 60062

(312) 674-4573

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 14, 2014

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

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).

This Amended Statement of Beneficial Ownership on Schedule 13D (“Amendment 18”) amends the Amended Statement of Beneficial Ownership on Schedule 13D filed on July 16, 2013 (“Amendment 17”), and all previous Statements of Beneficial Ownership on Schedule 13D filed in connection with the parties and matters referenced herein, with respect to the common stock (the “Common Stock”) of Premier Exhibitions, Inc., a Florida corporation (the “Issuer”). Any capitalized terms used and not defined in this Amendment 18 shall have the meanings set forth in Amendment 17, previous amendments and/or the original Schedule 13D to which this Amendment 18 relates. Only those items that are hereby reported are amended; all other items remain unchanged.

On February 14, 2014, SCMF distributed 1,184,950 shares of Common Stock to certain persons redeeming interests in SCMF’s feeder funds, at a price per share value of $1.16. On November 12, 2013, SCMF distributed 241,343 shares of Common Stock to certain persons redeeming interests in SCMF’s feeder funds, at a price per share value of $1.53.

Reporting Person Mark A. Sellers, who is also Chairman of the Issuer’s Board of Directors (the “Board”), seeks to reduce the size of Issuer’s Board from seven (7) to five (5) Directors. Mr. Sellers has asked two members of the Board for their resignation and is currently in discussions with these Directors to achieve this objective. Mr. Sellers, on behalf of Sellers Capital Master Fund, believes that reducing the size of the Board is consistent with the desire of a majority of the Issuer’s shareholders and that a smaller Board would be more effective and efficient in overseeing the Company’s operations and strategic initiatives. Should these Directors refuse to resign, Mr. Sellers, on behalf of Sellers Capital Master Fund, Ltd., would, at that time, determine what additional steps might be taken to effectively remove these Directors.

(a) SCMF is the direct beneficial owner and SC and Mark A. Sellers are the indirect beneficial owners of 15,430,179 shares of Common Stock. This represents approximately 31.5% percent of the outstanding shares of Common Stock, based on 49,041,031 shares of Common Stock outstanding, per Form 10-Q dated January 14, 2014.

(b) Each of the Reporting Persons has shared power to vote or to direct the vote, and shared power to dispose or to direct the disposition of 15,430,179 shares of Common Stock.

(c) Other than the matters referred to herein, there have been no other transactions in the Common Stock effected by the Reporting Persons during the past sixty days.

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, securities of the Issuer beneficially owned by the Reporting Persons.

(e) Not applicable.

Exhibit 99.1: Amended Joint Filing Agreement, dated February 19, 2014, among Sellers Capital LLC, Sellers Capital Master Fund, Ltd. and Mark A. Sellers.

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.

Dated this 21st day of February, 2014.

EXHIBIT 99.1 TO SCHEDULE 13D/A

February 21, 2014

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, SELLERS CAPITAL LLC, SELLERS CAPITAL MASTER FUND, LTD. and MARK A. SELLERS each hereby agree to the joint filing of this statement on Schedule 13D (including any and all amendments hereto). In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13D. A copy of this Agreement shall be attached as an exhibit to the Statement on Schedule 13D filed on behalf of each of the parties hereto, to which this Agreement relates.

This Agreement may be executed in multiple counterparts, each of which shall constitute an original, one and the same instrument.