Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 1

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 1
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 in the offshore market and our financial performance during 2024 is a product of a multiyear effort to dispose of older, lower-specification vessels, pursue a disciplined acquisition strategy to bring into the fleet younger, higher specification vessels and to leverage the investments we have made by maximizing the scalability of our global shore-based infrastructure. This strategy, combined with what has been an improving offshore activity environment, has driven our success. As pleased as I am with the financial results achieved in 2024, I am equally as grateful to our entire global team for their continuous effort to build Tidewater into the safest, most sustainable, most reliable, and most profitable high-specification offshore energy support vessel fleet in the world. Strong governance and a commitment to transparency and communication are fundamental to Tidewater’s operations and success. Our Board of Directors remains focused on supporting Tidewater’s growth and strategy. On behalf of the Company, I want to express my appreciation to our Board members for their support, guidance and dedication to our long-term success. To our customers, shareholders, employees and communities—thank you for your continued support of Tidewater. I remain honored to serve as the Company’s President and Chief Executive Officer, and I appreciate the trust you place in me, our Board and our leadership team. With our modern, high-specification fleet, our scalable shore-based infrastructure, and our relentless dedication to capital discipline, we are confident in our ability to courageously and compassionately lead the offshore industry, driving another year of progress and success in 2025. Sincerely, Quintin V. Kneen President, Chief Executive Officer & Director TABLE OF CONTENTS A MESSAGE TO OUR SHAREHOLDERS FROM TIDEWATER’S CHAIRMAN OF THE BOARD, DICK FAGERSTAL April 24, 2025 Dear Fellow Shareholders: I would like to take this opportunity to express my gratitude for your continued support and trust in our Company. Our commitment to the pursuit of excellence is not only reflected in our operational performance but also deeply ingrained in our striving towards “best-practice” governance principles that guide our decision-making and strategic direction. Below, I have outlined some of our thinking in this regard. First I would like to mention that if we are not able to operate safely, we will lose the trust of our customers, employees, investors, and regulators—thus safe operations is our foundation. As a Board, we have a stand alone Safety & Sustainability Committee dedicating the necessary time and effort to provide the Board a thorough understanding