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EX-99.1 - EXHIBIT 99.1 - INTERNATIONAL SHIPHOLDING CORPex99_1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)
June 1, 2017

INTERNATIONAL SHIPHOLDING CORPORATION
(Exact name of registrant as specified in its charter)

Commission file number  –  001-10852

Delaware
 
36-2989662
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification Number)

601 Poydras Street, Suite 1850
New Orleans, LA
70130
(Address of principal executive offices)
(Zip Code)

(504) 249-6088
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 2, 2017, Kevin M. Wilson resigned from his position as Corporate Controller and Principal Accounting Officer of International Shipholding Corporation (the “Company”).
 
Item 7.01.
Regulation FD Disclosure.

As previously reported by the Company, on July 31, 2016, the Company and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the U.S. Code in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”).  On June 1, 2017, the Company issued a press release announcing that it had received certain necessary approvals from the U.S. Department of Transportation Maritime Administration, thereby satisfying certain conditions precedent to the effectiveness of the First Amended Modified Joint Chapter 11 Plan of Reorganization for International Shipholding Corporation and its Affiliated Debtors (the “Plan of Reorganization”).  The Plan of Reorganization was previously confirmed by the Bankruptcy Court on March 2, 2017.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference.

Item 9.01.
Financial Statements and Exhibits.

 
(d)
Exhibits.
 
Exhibit No.
 
Description
99.1
 
Press release
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
INTERNATIONAL SHIPHOLDING CORPORATION
     
 
By:
/s/ Manuel G. Estrada
   
Manuel G. Estrada
   
Vice President and Chief Financial Officer

Date:            June 6, 2017


EXHIBIT INDEX
 
Exhibit No.
 
Description
 
Press release