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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): November 20, 2003
SEABULK INTERNATIONAL, INC.
(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) 523-2200
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit
Number Description of Document
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99.1 Script from teleconference held on November 20, 2003 to discuss
third quarter 2003 results.
Exhibit 99.1 and the information included in it shall not be deemed to
be "filed" for purposes of Section 18 of the Exchange Act or otherwise subject
to the liability of that section, except if the registrant specifically states
that the information is to be considered "filed" under the Exchange Act or
incorporates it by reference into a filing under the Securities Act or the
Exchange Act.
ITEM 9. REGULATION FD DISCLOSURE
Seabulk International, Inc. (the "Company") held a conference call to
discuss third quarter 2003 results at 11:00 a.m. EST on Thursday, November 20,
2003 as was previously announced by press release on November 18, 2003, which
included instructions as to when and how to access the presentation and the
location on the registrant's Web site where the information would be available.
An audio replay of the presentation is currently available on the Seabulk Web
site at www.seabulkinternational.com (click on Investors link) and will continue
to be available for the next 90 days.
In addition to the scripted remarks made by the Company, the Company
made the following points in the question and answer period in response to
questions from the audience:
o The Company has no planned asset sales in '04 but may engage
in opportunistic sales.
o The Company has scheduled two drydockings for the fourth
quarter of 2003, expected to result in expenditures below $5
million.
o The Company is anticipating drydocking expenditures in 2004 of
between $25 and $28 million.
o The Company has approximately $5.7 million remaining in U.S.
Title XI bond indebtedness which is recourse to the Company.
(Note: This amount has been corrected from the $10 million
stated in the call.)
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o International SOLAS/IMO requirements limit the Company's
flexibility to some extent to move offshore support vessels
from the U.S. Gulf to foreign offshore markets.
This information shall not be deemed to be "filed" for purposes of
Section 18 of the Exchange Act or otherwise subject to the liability of that
section, except if the registrant specifically states that the information is to
be considered "filed" under the Exchange Act or incorporates it by reference
into a filing under the Securities Act or the Exchange Act.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The script from the November 20, 2003 teleconference to discuss third
quarter 2003 results is furnished herewith as Exhibit 99.1 and is incorporated
herein by reference.
This information, including the Exhibit 99.1 attached hereto, shall not
be deemed to be "filed" for purposes of Section 18 of the Exchange Act or
otherwise subject to the liability of that section, except if the registrant
specifically states that the information is to be considered "filed" under the
Exchange Act or incorporates it by reference into a filing under the Securities
Act or the Exchange Act.
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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.
SEABULK INTERNATIONAL, INC.
By: /s/ ALAN R. TWAITS
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ALAN R. TWAITS
Senior Vice President,
General Counsel and Secretary
November 20, 2003
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