-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CRjZHJc+zvCj6KULzBo5wrfs+VNjy5Xbr6X7bh40vtwtu9PbajpH3syITFQyVMWj +JVtCqQcnM6SuoGlA0qyxw== 0000914317-02-000426.txt : 20020422 0000914317-02-000426.hdr.sgml : 20020422 ACCESSION NUMBER: 0000914317-02-000426 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020422 GROUP MEMBERS: CHARLES E. DAVIDSON GROUP MEMBERS: JOSEPH M. JACOBS GROUP MEMBERS: SOLITAIR CORP GROUP MEMBERS: TAURUS INVESTORS LLC GROUP MEMBERS: VALENTIS INVESTORS LLC GROUP MEMBERS: WEXFORD CAPITAL LLC GROUP MEMBERS: WEXFORD SPECTRUM INVESTORS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEABULK INTERNATIONAL INC CENTRAL INDEX KEY: 0000922341 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 650524593 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46833 FILM NUMBER: 02616602 BUSINESS ADDRESS: STREET 1: 2200 ELLER DR BLDG 27 STREET 2: PO BOX 13038 CITY: FORT LAUDERDALE STATE: FL ZIP: 33316 BUSINESS PHONE: 954-524-4200 MAIL ADDRESS: STREET 1: 2200 ELLER DR BLDG 27 CITY: FT LAUDERDALE STATE: FL ZIP: 33316 FORMER COMPANY: FORMER CONFORMED NAME: HVIDE MARINE INC DATE OF NAME CHANGE: 19940427 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEXFORD CAPITAL LLC CENTRAL INDEX KEY: 0001048462 IRS NUMBER: 061442624 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 411 W PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038627000 MAIL ADDRESS: STREET 1: 411 W PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: WEXFORD MANAGEMENT LLC DATE OF NAME CHANGE: 19971024 SC 13D 1 sc13d-44736_41902.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.__) SEABULK INTERNATIONAL INC. (Name of issuer) Common Stock, $.01 Par Value Per Share (Title of class of securities) 81169P101 (CUSIP number) Arthur H. Amron, Esq. Wexford Capital LLC 411 West Putnam Avenue Greenwich, CT 06830 (203) 862-7012 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) April 15, 2002 ---------------------------------------------------------------------- (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss. 240.13d-7 for other parties to whom copies are to be sent. Page 1 of 15 Pages CUSIP No. 81169P101 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. Wexford Spectrum Investors LLC I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially ---------------------------------------------------------- Owned by Each 8.Shared Voting Power (see Item 5 below) 179,935 Reporting ---------------------------------------------------------- Person With 9. Sole Dispositive Power 0 10.Shared Dispositive Power (see Item 5 below) 179,935 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 179,935 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 1.71% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 2 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Valentis Investors, LLC I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially ---------------------------------------------------------- Owned by Each 8. Shared Voting Power (see Item 5 below) 180,000 Reporting ---------------------------------------------------------- Person With 9. Sole Dispositive Power 0 10.Shared Dispositive Power (see Item 5 below) 180,000 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 180,000 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 1.71% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- Page 3 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Solitair Corp. I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power Beneficially 0 ----------------------------------------------------------- Owned by Each 8. Shared Voting Power (see Item 5 below) Reporting 180,000 ----------------------------------------------------------- Person With 9. Sole Dispositive Power 0 ----------------------------------------------------------- 10.Shared Dispositive Power (see Item 5 below) 180,000 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 180,000 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 1.71% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 4 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Taurus Investors LLC I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power Beneficially 0 ----------------------------------------------------------- Owned by Each 8. Shared Voting Power (see Item 5 below) Reporting 1,618,166 ----------------------------------------------------------- Person With 9. Sole Dispositive Power 0 ----------------------------------------------------------- 10.Shared Dispositive Power (see Item 5 below) 1,618,166 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,618,166 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 15.40% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 5 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Charles E. Davidson I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially ----------------------------------------------------------- Owned by Each 8. Shared Voting Power (see Item 5 below) 2,158,101 Reporting ----------------------------------------------------------- Person With 9. Sole Dispositive Power 0 10.Shared Dispositive Power (see Item 5 below) 2,158,101 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,158,101 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 20.54% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 6 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Joseph M. Jacobs I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially ----------------------------------------------------------- Owned by Each 8. Shared Voting Power (see Item 5 below) 2,158,101 Reporting ----------------------------------------------------------- Person With 9. Sole Dispositive Power 0 10.Shared Dispositive Power (see Item 5 below) 2,158,101 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,158,101 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 20.54% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 7 of 15 Pages CUSIP No. 81169P101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Wexford Capital LLC I.R.S. Identification Nos. of Above Persons (entities only) (Intentionally Omitted) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Connecticut - -------------------------------------------------------------------------------- Number of Shares 7.Sole Voting Power 0 Beneficially ----------------------------------------------------------- Owned by Each 8.Shared Voting Power (see Item 5 below) 2,158,101 Reporting ----------------------------------------------------------- Person With 9.Sole Dispositive Power 0 10.Shared Dispositive Power (see Item 5 below) 2,158,101 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,158,101 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 20.54% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 8 of 15 Pages Item 1. Security and Issuer. -------------------- This Schedule 13D relates to the common stock, $0.01 par value per share (the "Common Stock"), of Seabulk International Inc. (the "Company"). The principal executive offices of the Company are located at 2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, Florida 33316. Item 2. Identity and Background. ------------------------ (a) This Schedule 13D is being jointly filed by (i) Wexford Spectrum Investors LLC, a Delaware limited liability company ("Wexford Spectrum"), (ii) Valentis Investors, LLC, a Delaware limited liability company ("Valentis"), (iii) Solitair Corp., a Delaware corporation ("Solitair"), (iv) Taurus Investors, LLC, a Delaware limited liability company ("Taurus", and together with Wexford Spectrum, Valentis and Solitair, the "Stockholders"), (v) Wexford Capital LLC, a Connecticut limited liability company ("Wexford Capital"), (vi) Charles E. Davidson and (vii) Joseph M. Jacobs (the individuals and entities referred to above, collectively, the "Reporting Persons"). (b) The principal business and office address for the Reporting Persons is c/o Wexford Capital LLC, 411 West Putnam Avenue, Suite 125, Greenwich, Connecticut 06930. (c) Each of Wexford Spectrum, Valentis and Taurus is a Delaware limited liability company, the members of which are private investment funds. Each of Wexford Spectrum, Valentis and Taurus was organized for the purpose of making various investments. Solitair is a Delaware corporation, owned 100% by private investment funds. Wexford Capital, a Connecticut limited liability company, is a registered Investment Advisor and the investment advisor to the Stockholders. Wexford Capital also serves as an investment advisor or sub- advisor to the members of Wexford Spectrum, Valentis and Taurus and the majority stockholder of Solitair. Charles E. Davidson, a United States citizen, is chairman, a managing member and a controlling member of Wexford Capital. Mr. Davidson is a controlling person or an investor in a number of private companies, including certain members of Wexford Spectrum, Valentis and Taurus and the majority stockholder of Solitair. Joseph M. Jacobs, a United States citizen, is president, a managing member and a controlling member of Wexford Capital. Mr. Jacobs is a controlling person or an investor in a number of private companies, including certain members of Wexford Spectrum, Valentis and Taurus and the majority stockholder of Solitair. During the last five years, none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- On April 15, 2002, Taurus purchased 1,618,166 shares of Common Stock at $4.85 per share, for a total of $7,848,115. The source of funds for the purchase was primarily private investment capital, with a small portion being funded through an interim margin loan. Prior to April 15, 2002, the other Stockholders had purchased an aggregate Page 9 of 15 Pages of 538,935 shares of Common Stock, which purchases were previously reported on a Schedule 13G filed by the Reporting Persons (other than Taurus) with the Commission on March 30, 2001. Except as stated above, no part of the purchase price was represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the Common Stock. Item 4. Purpose of Transaction. The Reporting Persons consider the acquisition and ownership of the Common Stock to be an investment. Subject to the availability of Common Stock at prices deemed favorable by the Reporting Persons, the Reporting Persons' liquidity, the financial condition and results of operations of the Company, and general economic and market conditions prevailing at the time, the Reporting Persons reserve the right to, and may in the future, purchase additional Common Stock from time to time in the open market, through privately negotiated transactions, or otherwise. Except as set forth above, none of the Reporting Persons have any plans or proposals which relate to or would result in (a) the acquisition by any person of additional securities of the Company or the disposition of securities of the Company, (b) an extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involving the Company or any of its securities, (c) a sale or transfer of a material amount of the assets of the Company or any of its subsidiaries, (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company, (f) any other material change in the Company's business or corporate structure, (g) changes in the Company's charter, bylaws, or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person, (h) causing a class of the securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act, or (j) any action similar to any of those enumerated above. However, Wexford retains its rights to modify its plans with respect to the transactions described in this Item 4, to acquire or dispose of securities of the Company and to formulate plans and proposals that could result in the occurrence of any such events, subject to applicable laws and regulations. Item 5. Interest in Securities of the Issuer. ------------------------------------ The Reporting Persons may be deemed to own beneficially the respective percentages and numbers of shares of Common Stock set forth below (on the basis of 10,505,017 shares of Common Stock issued and outstanding on March 29, 2002, as reported in the Company's Form 10-K for the year ended December 31, 2001). Wexford Spectrum Investors, LLC (a) Amount beneficially owned: 179,935 (b) Percent of class: 1.71% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 179,935 (iii) Sole power to dispose or to direct the disposition of: 0 Page 10 of 15 Pages (iv) Shared power to dispose or to direct the disposition of: 179,935 Valentis Investors, LLC (a) Amount beneficially owned: 180,000 (b) Percent of class: 1.71% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 180,000 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 180,000 Solitair Corp. (a) Amount beneficially owned: 180,000 (b) Percent of class: 1.71% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 180,000 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 180,000 Taurus Investors LLC (a) Amount beneficially owned: 1,618,166 (b) Percent of class: 15.40% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,618,166 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,618,166 Page 11 of 15 Pages Charles E. Davidson (a) Amount beneficially owned: 2,158,101 (b) Percent of class: 20.54% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,158,101 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 2,158,101 Joseph M. Jacobs (a) Amount beneficially owned: 2,158,101 (b) Percent of class: 20.54% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,158,101 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 2,158,101 Wexford Capital LLC (a) Amount beneficially owned: 2,158,101 (b) Percent of class: 20.54% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,158,101 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 2,158,101 Wexford Capital may, by reason of its status as investment advisor to the Stockholders, be deemed to own beneficially the shares of Common Stock of which the Stockholders possess beneficial ownership. In addition, three of the four directors of Solitair are members of Wexford Capital. Page 12 of 15 Pages Each of Charles E. Davidson and Joseph M. Jacobs may, by reason of his status as a controlling person of Wexford Capital, be deemed to own beneficially the shares of Common Stock of which the Stockholders possess beneficial ownership. Each of Charles E. Davidson, Joseph M. Jacobs and Wexford Capital shares the power to vote and to dispose of the shares of Common Stock beneficially owned by the Stockholders. Except as set forth above, the Reporting Persons have not effected any transactions in the Common Stock during the 60 days preceding the date of this Schedule 13D. Item 6. Contracts, Arrangements, Understandings or Relationships, with Respect to Securities of the Issuer. None of the Reporting Persons are a party to any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Company, including, but not limited to, any agreement concerning (i) transfer or voting of any securities of the Company, (ii) finder's fees, (iii) joint venture, (iv) loan or option arrangements, (v) puts or calls, (vi) guarantees of profits, (vii) divisions of profits or losses, or (viii) the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. Joint Filing Agreement. * * * * * SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 22, 2002 WEXFORD SPECTRUM INVESTORS LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President VALENTIS INVESTORS, LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President TAURUS INVESTORS LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President Page 13 of 15 Pages SOLITAIR CORP. By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President WEXFORD CAPITAL LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Principal and Secretary /S/ CHARLES E. DAVIDSON ----------------------- CHARLES E. DAVIDSON /S/ JOSEPH M. JACOBS -------------------- JOSEPH M. JACOBS Page 14 of 15 Pages EX-1 3 ex1.txt EXHIBIT 1 Joint Filing Agreement Pursuant to Rule 13d-1(k)(1)(iii) of the Securities Exchange Act of 1934, each of the undersigned agrees that a single joint Schedule 13D and any amendments thereto may be filed on behalf of each of the undersigned with respect to securities held by each of them in Seabulk International Inc. Dated: April 22, 2002 WEXFORD SPECTRUM INVESTORS LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President VALENTIS INVESTORS, LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President TAURUS INVESTORS LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President SOLITAIR CORP. By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Vice President WEXFORD CAPITAL LLC By: /S/ ARTHUR H. AMRON ------------------- Name: Arthur H. Amron Title: Principal and Secretary /S/ CHARLES E. DAVIDSON ----------------------- CHARLES E. DAVIDSON /S/ JOSEPH M. JACOBS -------------------- JOSEPH M. JACOBS Page 15 of 15 Pages -----END PRIVACY-ENHANCED MESSAGE-----