Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 284

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 284
---
-liquidity alternative assets are also permitted but will have an overall target of less than 25% of the asset allocation.
    
   The cash flow requirements of the pension plan are analyzed at least annually. The pension plan does not invest in Tidewater stock.
    
   Our policy for the pension plan is to contribute no less than the minimum required contribution by law and no more than the maximum deductible amount. The pension plan assets are periodically evaluated for concentration risks.

       100

   U.S. Pension Plan Asset Allocations 
    
   The following table provides the actual asset allocations for the pension plan:

       Actual as of    Actual as of  
   December 31, 2024    December 31, 2023  
 U.S. Pension plan:         
 Cash   2%  3%
 Alternative securities   9%  18%
 Debt securities   40%  33%
 Equity securities   49%  46%
 Total   100%  100%

   Fair Value of Pension Plans Assets 
    
   Tidewater’s pension plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, except for investments for which fair value is measured using the net asset value per share expedient.
    
   The following table provides the fair value hierarchy for our domestic pension plan measured at fair value as of  December 31, 2024:

           Quoted prices in    Significant    Significant      
       active    observable    unobservable    Measured at  
 (In Thousands)      markets    inputs    inputs    Net Asset  
  Fair Value  (Level 1)  (Level 2)  (Level 3)  Value 
 Pension plan measured at fair value:                     
 Equity securities  $14,927  $14,927  $—  $—  $— 
 Debt securities   11,962   2,192   9,770   —   — 
 Alternative securities   2,631   —   —   2,631   — 
 Cash and cash equivalents   734   —   734   —   — 
 Total fair value of pension plan assets  $30,254