UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) APRIL 23, 2008
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SEACOR HOLDINGS INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 1-12289 13-3542736
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(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
2200 ELLER DRIVE, FORT LAUDERDALE, FLORIDA 33316
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (954) 523-2200
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NOT APPLICABLE
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(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 registrant under any of the
following provisions (see General Instruction A.2. below):
|_| 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 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
The information in this Current Report shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") or otherwise subject to the liabilities of that Section. The
information in this Current Report shall not be incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such a filing.
On April 23, 2008, SEACOR Holdings Inc. (the "Company") issued a press
release announcing its financial results for the first quarter ended March 31,
2008. A copy of the press release is furnished as Exhibit 99.1 to this report
and is incorporated herein by reference.
ITEM 7.01 REGULATION FD DISCLOSURE.
On April 23, 2008, the Company issued a press release announcing that its
Board of Directors has increased by $70.9 million its authorization for
repurchases of its common stock and its 2.875% convertible senior debentures due
2024. With this increase, the Company has approximately $150 million available
for such purchases. Additionally, the Company may purchase, separate from such
authorization, any or all of its 7.2% senior notes due 2009, its 5 7/8% senior
notes due 2012, and the 9 1/2% senior notes due 2013 of Seabulk International,
Inc., a wholly-owned subsidiary. The repurchase of securities may be conducted
from time to time through open market purchases, privately negotiated
transactions or otherwise depending on market conditions. A copy of the press
release is furnished as Exhibit 99.1 to this report and is incorporated herein
by reference.
On April 24, 2008, the Company made available the proxy statement, 2008
Annual Report to Shareholders and Chairman's Letter included with the 2008
Annual Report on its website at www.seacorholdings.com.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Description
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99.1 Press Release of SEACOR Holdings Inc., dated April 23,
2008, reporting SEACOR's financial results for the first
quarter of 2008 and SEACOR's increased authorization for
repurchases.
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SIGNATURES
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.
SEACOR HOLDINGS INC.
Date: April 24, 2008 By: /s/ Richard Ryan
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Name: Richard Ryan
Title: Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of SEACOR Holdings Inc., dated April 23,
2008, reporting SEACOR's financial results for the first
quarter of 2008 and SEACOR's increased authorization for
repurchases.
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