seacor holdings inc (CKH) Key Developments
SEACOR Holdings Inc. Enters into a Joint Venture with Avista Capital Partners
May 5 14
SEACOR Holdings Inc. announced it entered into a joint venture with Avista Capital Partners.
Seacor Announces Joint Venture with Avista Capital Partners
May 5 14
SEACOR Holdings Inc. announced it entered into a joint venture with Avista Capital Partners ("Avista"). Avista, through a wholly-owned subsidiary, invested approximately $150.0 million in cash for a non-controlling ownership interest in SEACOR subsidiaries operating a fleet of seven U.S.-flag Jones Act vessels (five owned and two leased-in) used for U.S. coastwise trade of crude oil, petroleum and specialty chemical products as well as a contract for the construction of three 50,000 DWT (deadweight tonnage) product tankers with National Steel and Shipbuilding Company ("NASSCO"), a wholly-owned subsidiary of General Dynamics Corporation, with expected deliveries in May 2016, October 2016 and March 2017. The vessels will continue to be managed and crewed by SEACOR subsidiaries pursuant to ship management and crew management agreements.
SEACOR Holdings Inc. Announces Management Changes
Apr 25 14
SEACOR Holdings Inc. announced that Richard J. Ryan, the Company's Senior Vice President, Chief Financial Officer, has communicated his intention to retire from the company, effective as of August 1, 2014, after a seventeen year career with the company. The company named Matthew R. Cenac as Mr. Ryan's successor as Senior Vice President, Chief Financial Officer. Mr. Cenac began his career at the company in 2003 as Corporate Controller. In 2005, he became the company's Chief Accounting Officer.
SEACOR Holdings Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014
Apr 24 14
SEACOR Holdings Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income attributable to company from continuing operations was $11.5 million, or $0.56 per diluted share, compared with net loss attributable to company of $21.0 million, or $1.06 per diluted share, including a loss from continuing operations of $10.8 million, or $0.55 per diluted share a year ago. Operating revenues were $310,017,000 against $267,064,000 a year ago. Operating income was $24,250,000 against operating loss of $1,027,000 a year ago. Income from continuing operations was $13,715,000 against loss from continuing operations of $11,036,000 a year ago. Income from continuing operations before income tax expense and equity in earnings of 50% or less owned companies was $11,494,000 against loss from continuing operations before income tax benefit and equity in losses of 50% or less owned companies of $10,167,000 a year ago.
SEACOR Holdings Inc., Annual General Meeting, May 28, 2014
Apr 10 14
SEACOR Holdings Inc., Annual General Meeting, May 28, 2014., at 11:00 US Eastern Standard Time. Location: 2200 Eller Drive. Agenda: To elect six directors to serve until the 2015 annual meeting of stockholders; to hold an advisory vote on executive compensation; to reapprove the company's management incentive plan; to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2014; and to transact such other business as may properly come before the meeting and any adjournments thereof.