Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 36

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 36
---
 board (excluding the CEO).

43

TABLE OF CONTENTS

Evaluating the Chief Executive Officer’s Compensation . In evaluating the CEO’s compensation, the C&HC Committee reviews the competitive market information provided by its compensation consultant and bases its decisions regarding his compensation on our overall compensation strategy, the CEO’s self-assessment, and the C&HC Committee’s independent assessment of his performance, using the objectives that the C&HC Committee established at the beginning of the year as one point of analysis. The C&HC Committee’s determinations are then subject to approval by the full Board (excluding the CEO). These deliberations are held in executive session so that the CEO is not present when the C&HC Committee and Board make determinations regarding his compensation. Role of Compensation Consultant . Our C&HC Committee has sole authority over the selection, use, compensation, and retention of any compensation consultant engaged to assist the C&HC Committee in discharging its responsibilities. During 2024, Meridian Compensation Partners, LLC (Meridian) served as the C&HC Committee’s primary consultant. At the direction of the C&HC Committee, Meridian: (i) attends C&HC Committee meetings; (ii) informs the C&HC Committee regarding regulatory changes and general trends in executive compensation; (iii) prepares the analysis of peer company compensation used by the C&HC Committee; and (iv) participates in the C&HC Committee’s deliberations regarding compensation of its NEOs. Meridian also surveys director compensation upon the request of the C&HC Committee. Meridian has provided no other services to, nor has any other relationship with, Tidewater. As required by SEC rules, the C&HC Committee has assessed Meridian’s independence with respect to all six independence factors set forth in NYSE rules and concluded that Meridian’s work has not raised any conflicts of interest. Peer Group . With Meridian’s assistance, the C&HC Committee reviews and approves our peer group annually. We pay particular attention to mergers, acquisitions, and bankruptcies, each of which may make a peer company more or less aligned to our business. The C&HC Committee reviewed our compensation peer group and determined to use the same peer group as used in 2023 in making its determinations regarding fiscal 2024 compensation, which was composed of the following companies:

| ​ | ​                   |   |   |   |                              |   |   |   |                           | ​ |
| ​ | ​                   |   |   |