-----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, JbxtSb8vDepnGGm97uPwiwhxj4WpI7O1jjm64cmBYPjvsp+/VCJc4gPCnj+Xr+CJ QyXhz+w7SiANHbY/N5d7/w== 0000922341-00-000001.txt : 20000202 0000922341-00-000001.hdr.sgml : 20000202 ACCESSION NUMBER: 0000922341-00-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991230 ITEM INFORMATION: FILED AS OF DATE: 20000121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HVIDE MARINE INC CENTRAL INDEX KEY: 0000922341 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 650524593 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28732 FILM NUMBER: 511281 BUSINESS ADDRESS: STREET 1: 2200 ELLER DR BLDG 27 STREET 2: PO BOX 13038 CITY: FORT LAUDERDALE STATE: FL ZIP: 33316 BUSINESS PHONE: 3055232200 MAIL ADDRESS: STREET 1: 2200 ELLER DR BLDG 27 CITY: FT LAUDERDALE STATE: FL ZIP: 33316 8-K 1 FORM 8-K FOR HVIDE MARINE INCORPORATED SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 30, 1999 ----------------- HVIDE MARINE INCORPORATED ------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-28732 65-0966399 ------------ ------- -------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, Florida 33316 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 954.524.4200 ------------ Item 5. Other Events. ------------ (a) On December 30, 1999, Hvide Marine Incorporated (the "Company") exercised an option to increase from 50.75% to 75.75% its interest in five double-hulled carriers delivered between the fourth quarter of 1998 and mid-1999. The exercise price was approximately $9.6 million, of which $1.0 million was paid in cash and the balance was paid by a promissory note in the principal amount of approximately $8.6 million. The note bears interest at the annual rate of 8.5%, is secured by a pledge of certain securities owned by the Company, and is payable in the following semi-annual installments of principal (together with accrued interest):
Date Principal Amount Due ---- -------------------- June 30, 2000 $500,000 December 31, 2000 $500,000 June 30, 2001 $750,000 December 31, 2001 $1,000,000 June 30,2002 $1,000,000 December 31, 2002 $1,500,000 June 30, 2003 $1,500,000 December 31, 2003 $1,836,128
(b) On January 5, 2000, the Company announced that Eugene F. Sweeney had been elected President of the Company and that Walter S. Zorkers had been elected its Executive Vice President and Chief Financial Officer. Mr. Sweeney replaces Jean Fitzgerald, who continues to serve as Chairman and Chief Executive Officer; Mr. Sweeney also continues to serve as Chief Operating Officer. Mr. Zorkers replaces John H. Blankley, who resigned to return to the management of his investment business. Both Messrs. Sweeney and Zorkers were also elected directors of the Company. In addition, John J. O'Connell, formerly Vice President - Corporate Communications, was elected Senior Vice President - Corporate Communications and Investor Relations, and Kevin S. Boyle, formerly Director of Finance and Treasury, was elected Treasurer of the Company. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed by the undersigned thereunto duly authorized. HVIDE MARINE INCORPORATED (Registrant) By s/Robert B. Lamm Robert B. Lamm Senior Vice President, General Counsel and Secretary Dated: January 21, 2000 -----END PRIVACY-ENHANCED MESSAGE-----