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) June 5, 2008

TIDEWATER INC.

(Exact name of registrant as specified in its charter)

Delaware	1-6311	72-0487776
(State of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

601 Poydras Street, Suite 1900	70130
(Address of principal executive offices)	(Zip Code)

(504) 568-1010

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) On June 1, 2008, Craig Demarest, age 42, was promoted to Vice President, Principal Accounting Officer and Controller of Tidewater Inc. (“Tidewater” or “Company”). Mr. Demarest joined the Company in 2004 and previously served as the Corporate Controller and Vice President of the Company. Prior to joining the Company, Mr. Demarest worked for the accounting firm of KPMG LLP for seventeen years, where he held the position of audit partner for the final five years of his tenure.

Item 8.01. Other Events

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company notes that certain statements set forth in this Current Report on Form 8-K provide other than historical information and are forward looking. The actual achievement of any forecasted results, or the unfolding of future economic or business developments in a way anticipated or projected by the company, involve numerous risks and uncertainties. Among those risks and uncertainties, many of which are beyond the control of the company, include, without limitation, fluctuations in oil and gas prices; fleet additions by competitors and vessel overcapacity; changes in capital spending by customers in the energy industry for exploration, development and production; changing customer demands for different vessel specifications which may make some of our vessels technologically obsolete for certain customer projects; acts of terrorism; unsettled political conditions, war, civil unrest and governmental actions, especially in higher risk countries of operations; foreign currency fluctuations; and environmental and labor laws. Readers should consider all of these risk factors as well as other information contained in this report.

On June 4, 2008, the Company issued a press release announcing Mr. Demarest’s promotion to Principal Accounting Officer. The press release also announced the promotions of Joseph Bennett to Executive Vice President and Chief Investor Relations Officer; Gerard Kehoe to Senior Vice President; and Kevin Carr to Vice President, Taxation.

The press release is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference as if fully set forth.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished with this Form 8-K:

99.1 Press Release dated June 4, 2008.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TIDEWATER INC.
By:	/s/ J. Keith Lousteau
	J. Keith Lousteau
	Chief Financial Officer

Date: June 5, 2008

EX-99.1

Exhibit 99.1

Tidewater Announces Promotion of Officers

NEW ORLEANS, June 4, 2008 – Tidewater Inc. (NYSE: TDW) recently announced the promotion of several officers. Joseph Bennett was promoted from Senior Vice President to Executive Vice President and Chief Investor Relations Officer; Gerard Kehoe was promoted from Vice President to Senior Vice President; Craig Demarest was promoted from Vice President and Controller to Vice President, Principal Accounting Officer and Controller; and Kevin Carr was promoted from Director of Corporate Taxation to Vice President, Taxation. The promotions were effective as of June 1, 2008.

Mr. Bennett has held an officer position at Tidewater for 16 years. He joined Tidewater in March 1990 as Corporate Controller and was promoted to Vice President and Principal Accounting Officer in August 2001 and to Senior Vice President, Principal Accounting Officer and Chief Investor Relations Officer in April 2005. Mr. Bennett will continue to provide communication with shareholders and the investment community.

Mr. Kehoe joined Tidewater in July 1999 as Area Manager for Venezuela following a successful career with the Dowell division of Schlumberger (NYSE: SLB) where he held several technical and general manager positions. In September 2001, he was appointed Area Manager for Brazil, and in December 2002, he was promoted to Latin America Regional Manager. In May 2005, he was promoted to Vice President.

Mr. Demarest joined Tidewater in May 2004 as Corporate Controller and was promoted to the officer position of Controller in April 2005 and to Vice President in June 2007. Prior to joining Tidewater, Mr. Demarest spent 17 years with KPMG where he last served as an audit partner and was responsible for the audits of a wide variety of clients, both publicly held and privately owned. Mr. Demarest will now have oversight responsibility for all accounting activities.

Mr. Carr joined Tidewater in 1992 as the Director of Corporate Taxation. Prior to joining Tidewater, Mr. Carr worked for eight years in public accounting, serving as a Senior Manager with KPMG specializing in corporate taxation during his last four years. Mr. Carr has oversight responsibility for all domestic and worldwide tax planning, monitoring, compliance and reporting.

Tidewater Inc. owns 460 vessels, the world’s largest fleet of vessels serving the global offshore energy industry.

CONTACT: Tidewater Inc., New Orleans

Joe Bennett, Executive Vice President and Chief Investor Relations Officer

504-566-4506

SOURCE: Tidewater Inc.