Tidewater Inc. (TDW)

26.81 +0.37 (+1.40%) At close: 04:00PM EDT

Tidewater Inc.

842 West Sam Houston Parkway North
Suite 400
Houston, TX 77024
United States
713 470 5300
https://www.tdw.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full Time Employees: 4,400

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Quintin V. Kneen	Pres, CEO & Director	919.39k	N/A	1966
Mr. Samuel R. Rubio	Exec. VP & CFO	449.77k	N/A	1960
Mr. David E. Darling	Exec. VP & COO	451.03k	N/A	1955
Mr. Daniel A. Hudson	Exec. VP, Gen. Counsel & Corp. Sec.	451.03k	N/A	1972
Mr. Lee R. Johnson	Sr. VP & Chief Information Officer	N/A	N/A	N/A
Piers Middleton	VP Sales & Marketing	N/A	N/A	N/A
Mr. Bruce D. Lundstrom	Advisor	N/A	N/A	1963
Mr. Jeffrey A. Gorski	Advisor	N/A	N/A	1961
Mr. Darren J. Vorst	VP & Treasurer	N/A	N/A	1965

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in tow floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. As of December 31, 2021, it owned 135 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

Corporate Governance

Tidewater Inc.’s ISS Governance QualityScore as of May 1, 2022 is 3. The pillar scores are Audit: 7; Board: 3; Shareholder Rights: 4; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.