form8k122807.htm

0000278041-07-000048.txt : 20071228 0000278041-07-000048.hdr.sgml : 20071228 20071228124205 ACCESSION NUMBER: 0000278041-07-000048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071228 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SHIPHOLDING CORP CENTRAL INDEX KEY: 0000278041 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 362989662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10852 FILM NUMBER: 071331102 BUSINESS ADDRESS: STREET 1: 11 NORTH WATER STREET STREET 2: SUITE # 18290 CITY: MOBILE STATE: AL ZIP: 36602 BUSINESS PHONE: 2512439100 MAIL ADDRESS: STREET 1: P.O. BOX 2004 CITY: MOBILE STATE: AL ZIP: 36652 8-K 1 form8k122807.htm FORM 8-K DECEMBER 28, 2007 form8k122807.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

____________December 27, 2007_______________

Date of Report (Date of Earliest Event Reported)

Commission file number – 2-63322

INTERNATIONAL SHIPHOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 36-2989662

(State or other jurisdiction of (I.R.S. Employer Identification Number)

incorporation or organization)

11 North Water Street, Suite 18290 Mobile, Alabama 36602

(Address of principal executive offices) (Zip Code)

(251) 243-9100

(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

Item 8.01. Other Events

As described in the press release included as Exhibit 99.1 in this filing, International Shipholding Corporation announced on December 27, 2007 that it has called for redemption on February 1, 2008 all 800,000 shares of its outstanding 6% Convertible Exchangeable Preferred Stock.

Item 9.01. Financial Statements and Exhibits.

(c)

Exhibit

Exhibit Number Document

99.1 Press Release dated December 27, 2007

SIGNATURES

Pursuant to the requirements of the Securities and 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

/s/ Manuel G. Estrada

_____________________________________________

Manuel G. Estrada

Vice President and Chief Financial Officer

Date ____December 28, 2007

EX-99.1 2 exhibit991.htm EXHIBIT 99.1 DECEMBER 28, 2007 exhibit991.htm

International Shipholding Corporation Announces

Redemption of its 6% Convertible Exchangeable Preferred Stock

MOBILE, AL, December 27, 2007 – International Shipholding Corporation (NYSE: ISH) announced today that it has called for redemption on February 1, 2008 all 800,000 shares of its outstanding 6% Convertible Exchangeable Preferred Stock (CUSIP No. 460321300) at a redemption price of $51.00 per share of Preferred Stock plus any accrued and unpaid dividends up to, but excluding, the redemption date.

As an alternative to redemption, at the option of the holder, each share of Preferred Stock is convertible until 5:00 p.m. (Eastern Standard Time) on January 31, 2008, into 2.5 shares of the Company’s common stock. In lieu of fractional share issuance, the Company will pay the holder an equivalent amount in cash.

On December 26, 2007, the last sale price of the Company’s common stock as reported on the New York Stock Exchange was $22.27 per share.

American Stock Transfer and Trust Company, the trustee, will deliver today a notice of the specific terms of the redemption and optional conversion to all holders of record of the Preferred Stock. Any questions may be directed to the Company at (251) 243-9082.

International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and foreign flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts. Visit us at http://www.intship.com.

Contacts:

Manuel G. Estrada, Chief Financial Officer (251) 243-9082