Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 366

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 366
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 Board to issue preferred stock, which could have rights and preferences senior to those of our common stock. Because our decision to issue securities in any future offering will depend on market conditions and other factors beyond our control, we cannot predict or estimate the amount, timing or nature of our future offerings. Thus, our security holders bear the risk of our future securities offerings reducing the market price of our common stock or other securities, diluting their interest or being subject to rights and preferences senior to their own.

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Certain provisions and limitations on foreign ownership in our organizational documents could delay or prevent a change of control.

Certain provisions of our Amended and Restated Certificate of Incorporation and our Second Amended and Restated By-Laws and Delaware law could delay, defer or prevent a merger, acquisition, tender offer, takeover attempt or other change of control transaction that our stockholders may deem advantageous, including those attempts that might result in a premium over the market price for the shares held by our stockholders or negatively affect the trading price of our common stock and other securities. These provisions could also discourage proxy contests and make it more difficult for you and other stockholders to elect directors of your choosing and to cause us to take other corporate actions you desire. These provisions provide for, among other things:

      ● 
      the ability of our Board to issue, and determine the rights, powers and preferences of, one or more series of preferred stock; 

      ● 
      advance notice for nominations of directors by stockholders and for stockholders to present matters for consideration at our annual meetings; 

      ● 
      limitations on convening special stockholder meetings; 

      ● 
      the prohibition on stockholders to act by written consent; 

      ● 
      supermajority vote of stockholders to amend certain provisions of the certificate of incorporation; 

      ● 
      limitations on expanding the size of the Board; 

      ● 
      the availability for issuance of additional shares of common stock; and 

      ● 
      restrictions on the ability of any natural person or entity that does not satisfy the citizenship requirements of the U.S. maritime laws to own, in the aggregate, more than 24% of the outstanding shares of our common stock. 

In addition, the Delaware General Corporation Law imposes restrictions on mergers and other business combinations between us and any holder of 15% or more of our outstanding common stock.

The issuance of stock-based awards may dilute our stockholders. 

Shares of our common stock have been reserved for issuance