-----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, V12Iury4qUUL3XY5zOIirmkax5e525NHKMVPXKAmC2aKPwihEcMgTaNMr8Qezvdt tR+7POgSf38ZzIyDZhj0fg== 0000925328-01-000001.txt : 20010123 0000925328-01-000001.hdr.sgml : 20010123 ACCESSION NUMBER: 0000925328-01-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010122 ITEM INFORMATION: FILED AS OF DATE: 20010122 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: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28732 FILM NUMBER: 1512546 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 0001.txt FORM 8-K UNITED STATES 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): January 22, 2001 HVIDE MARINE INCORPORATED (Exact name of registrant as specified in its charter) Delaware 0-28732 65-0966399 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2200 Eller Drive, P.O. Box 13038, Ft. Lauderdale, Florida 33316 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (954) 524-4200 Item 5. Other Events On December 22, 2000, Hvide Marine Incorporated (the "Company") exercised an option to increase from 75.75% to 100% its interest in five double-hulled carriers delivered between the fourth quarter of 1998 and mid-1999. The transaction was closed effective as of January 15, 2001. The exercise price was approximately $11 million, of which $523,544 was paid in cash as of the closing date and the balance of which is paid by a promissory note in the principal amount of $10.5 million payable over five years in twenty quarterly installments of principal in the amount of $525,000 each plus accrued interest. The note bears interest at the rate of 8.5% and is secured by a pledge of certain securities owned by the Company. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. HVIDE MARINE INCORPORATED By: /s/ ALAN R. TWAITS --------------------------------------- Alan R. Twaits Senior Vice President, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----