Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 7

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 7
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77% of the other NEOs’) target direct compensation opportunity is performance based and variable, or at-risk, compensation. The ultimate value of at-risk compensation is dependent on the Company’s performance outcomes and stock price performance. CEO Target Direct Compensation Mix (1) (1) Target direct compensation is composed of base salary, target annual cash incentive award opportunity, and the target value of long-term incentive awards. Key Compensation Decisions in 2024 The Company continued to reinforce market-aligned and pay-for-performance elements of its compensation programs. 6 TABLE OF CONTENTS PROPOSAL 1: ELECTION OF DIRECTORS 2025 Director Nominations. In analyzing director nominations, the Nominating & Corporate Governance Committee (“N&CG Committee”) strives to maintain a group of directors that reflects the appropriate talents, skills, expertise, backgrounds, experiences, perspectives, viewpoints and other characteristics needed to maintain the effectiveness of the Board of Directors (“Board”), with the ultimate decision on all nominations being based on merit and contribution that the selected candidates will bring to the Board. When analyzing whether directors and nominees have the experience, qualifications, attributes, and skills to enable the Board to satisfy its oversight responsibilities effectively given our business and structure, the N&CG Committee and the Board assessed the information summarized in each of the directors’ individual biographies set forth in this Proxy Statement as well as the director skills matrix. Based upon the recommendation of the N&CG Committee, our Board has nominated the following eight directors for election at the 2025 Annual Meeting to hold office until the next annual meeting and the election or appointment of their successors: Darron M. Anderson, Melissa L. Cougle, Dick H. Fagerstal, Quintin V. Kneen, Louis V. Raspino, Robert E. Robotti, Kenneth H. Traub, and Lois K. Zabrocky. All nominees are currently directors and were elected at the 2024 Annual Meeting. We intend to vote the proxies received in response to this solicitation “FOR” the election of each nominee. If, contrary to our present expectations, any nominee cannot or will not serve, we intend to vote the proxies “FOR” the election of the other nominees and proxies may be voted for any substitute nominee of our Board. Each nominee has consented to being named as a nominee in this proxy statement and to serve as a director if elected. Our Board has no information or reason to believe that any nominee will not be a candidate at the time of the 202