# EDGAR Filing Document

**Accession Number:** 0000098222
**File Stem:** 0001398344-23-003234
**Filing Date:** 2023-2
**Character Count:** 9379
**Document Hash:** ac0db163b93464aadeb07c176ce70fda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003234.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001398344-23-003234

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIDEWATER INC
- **CENTRAL INDEX KEY:** 0000098222
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATER TRANSPORTATION [4400]
- **IRS NUMBER:** 720487776
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-34728
- **FILM NUMBER:** 23625376

**BUSINESS ADDRESS:**
- **STREET 1:** 842 WEST SAM HOUSTON PARKWAY NORTH
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024
- **BUSINESS PHONE:** (713) 470-5300

**MAIL ADDRESS:**
- **STREET 1:** 842 WEST SAM HOUSTON PARKWAY NORTH
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TIDEWATER MARINE SERVICE INC
- **DATE OF NAME CHANGE:** 19780724
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Moerus Capital Management LLC
- **CENTRAL INDEX KEY:** 0001742647
- **IRS NUMBER:** 473262522
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 307 WEST 38TH STREET
- **STREET 2:** SUITE 2003
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 2124614088

**MAIL ADDRESS:**
- **STREET 1:** 307 WEST 38TH STREET
- **STREET 2:** SUITE 2003
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT**

**TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED**

**PURSUANT TO RULE 13d-2(b)**

**(AMENDMENT NO. 2)\***

TIDEWATER INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

88642R109

(CUSIP Number)

Thomas Quinn / 307 West 38<sup>th</sup> Street, Suite 2003, New York, NY 10018 / (646) 593 8783

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

December 31<sup>st</sup>, 2022

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[x] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[ ] Rule 13d-1(d)

<sup>\*</sup> The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 88642R109 13G Page 2 of 5 Pages

1. NAMES
OF REPORTING PERSONS OR I.R.S.
 IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Moerus
Capital Management, LLC 47-3262522

2. CHECK
 THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see
instructions) (a)
 [ ] (b)
[ ]

3. SEC
 USE ONLY

4. CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 5. | SOLE VOTING POWER<br>1,457,382 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 6. | SHARED VOTING POWER<br>21,635 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE DISPOSITIVE POWER<br>1,479,017 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED DISPOSITIVE POWER<br>n/a |

---

9. AGGREGATE
 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,479,017

10. CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see
 instructions) [n/a]

11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.18%

12. TYPE
 OF REPORTING PERSON (see instructions) IA

CUSIP No. 88642R109 13G Page 3 of 5 Pages

---

| | | |
|:---|:---|:---|
| **Item 1.** | (a) | Name of Issuer<br> Tidewater Inc |
|  | (b) | Address of Issuer's Principal Executive Offices<br> 842 WEST SAM HOUSTON PARKWAY NORTH, SUITE 400, HOUSTON, TX, 77024 |

---

---

| | |
|:---|:---|
| **Item 2.**(a) | Name of Person Filing<br> Moerus Capital Management, LLC |
| (b) | Address of the Principal Office or, if none, residence<br> 307 West 38<sup>th</sup> Street, Suite 2003, New York, NY 10018 |
| (c) | Citizenship or Place of Organization<br> Delaware |
| (d) | Title of Class of Securities<br> Common Stock |
| (e) | CUSIP Number<br> 88642R109 |

---

**Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or
 dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section
 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as
 defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered
 under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser
 in accordance with §240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit
 plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company
 or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations
 as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is
 excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
 80a-3);

(j) [ ] Group, in accordance
 with §240.13d-1(b)(1)(ii)(J).

CUSIP No. 88642R109 13G Page 4 of 5 Pages

**Item 4. Ownership.**

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount
 beneficially owned: 1,479,017

(b) Percent
 of class: 3.18%

(c) Number
 of shares as to which the person has:

(i) Sole
 power to vote or to direct the vote: 1,457,382

(ii) Shared power to
 vote or to direct the vote: 21,635

(iii) Sole power to dispose
 or to direct the disposition of: 1,479,017

(iv) Shared power to
 dispose or to direct the disposition of: n/a

**Item 5. Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X] .

*Instruction*. Dissolution of a group requires a response to this item.

As of the filing date Moerus Capital Management LLC has ceased to be the beneficial owner of more than five percent of the class of securities.

**Item 6. Ownership of More than Five Percent on Behalf of Another Person.**

Moerus Capital Management LLC ("Moerus") does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities.

The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients Moerus serves as investment adviser. Any and all discretionary authority which has been delegated to Moerus may be revoked in whole or in part at any time.

Not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Moerus.

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.**

n/a

**Item 8. Identification and Classification of Members of the Group.**

n/a

**Item 9. Notice of Dissolution of Group.**

n/a

CUSIP No. 88642R109 13G Page 5 of 5 Pages

**Item 10. Certification.**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Moerus Capital Management LLC hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Moerus is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

**Signature**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
| **Name of Registrant** | **Name of Registrant** |
| By: | ![](fp0082246-1_01.jpg) |
| Name: | Thomas M Quinn |
| Title: | Chief Operating Officer |
| Date: | 2/9/2023 |

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