Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 19

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 19
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 for new directors given the Company’s business and strategy. The N&CG Committee has not formerly adopted specific criteria for selecting director nominees, preferring to maintain needed flexibility; however, the Board strives to have individual directors who possess experience, skills and expertise in the following broad areas: • strategic planning and business development; • mergers and acquisitions; • legal and regulatory compliance; • finance and accounting matters; • industry experience and knowledge (particularly in the energy services and maritime sectors), including hands-on operational experience; • demonstrated leadership of complex organizations; • corporate governance; 18 TABLE OF CONTENTS • public company board service; and • international business. The N&CG Committee will identify a broad pool of potential director candidates using multiple sources such as independent search firms, director recommendations, and shareholder recommendations. Potential candidates are comprehensively reviewed and are the subject of rigorous discussion during the N&CG Committee meetings and Board meetings. The candidates that emerge from this process are interviewed by members of the N&CG Committee and other Board members. During these meetings, directors assess candidates based on their skills and experience, their personal attributes, and their expected contribution to the current mix of competencies represented on the Board. At the same time due diligence is conducted, and the Chair of the N&CG Committee solicits feedback from other Board members and persons outside the Company. The N&CG Committee recommends potential directors to the Board for approval. The N&CG Committee also considers any potential director nominees properly recommended by shareholders. If a director is being recommended to fill a current vacancy outside the Annual Meeting, the Board must approve the director’s appointment. Otherwise, our shareholders vote on the director nominees at the Annual Meeting. Each new director undergoes a comprehensive onboarding process designed by our N&CG Committee to build an understanding of the Company’s business and to allow the director to make meaningful contributions quickly. The onboarding process consists of a combination of one-on-one sessions with management and other Board members, site visits, written materials and training. Consideration of Candidates Recommended by Shareholders Our Bylaws provide that any of our shareholders entitled to vote for the election of directors may nominate candidates for election to our Board at our Annual Meeting of Shareholders by complying with the required notice procedures, as described in greater detail below. The N&CG Committee’s policy is to consider director candidates recommended by shareholders on the same basis and in the same manner as it considers all director candidates. No director candidates were recommended by shareholders in time for consideration at the 2025 Annual Meeting. To be timely