-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PUMaLRdT0J+QLtjIEWk/f/uFHOOVtW5bkTnoo50swmX6dyFQPZxpXUkTut5nzYrp vViMfklw/yGKfb7nddjJWw== 0000278041-08-000008.txt : 20080204 0000278041-08-000008.hdr.sgml : 20080204 20080204152702 ACCESSION NUMBER: 0000278041-08-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080204 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080204 DATE AS OF CHANGE: 20080204 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: 08572137 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 form8k2408.htm FORM 8-K, FEBRUARY 4, 2008 form8k2408.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


____________February 1, 2008_______________
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 February 4, 2008 that it has completed the redemption of its outstanding shares of 6% Convertible Exchangeable Preferred Stock.


Item 9.01.    Financial Statements and Exhibits.

(c)  
Exhibit

Exhibit Number                                                Document                                        .
      99.1                                       Press Release dated February 4, 2008









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 ____February 4, 2008


 EX-99.1 2 exhibit99120408.htm PRESS RELEASE, FEBRUARY 4, 2008 exhibit99120408.htm

International Shipholding Corporation Completes Redemption
of its 6% Convertible Exchangeable Preferred Stock


    MOBILE, AL, February 4, 2008 - International Shipholding Corporation  (NYSE: ISH) announced today that it has completed the redemption of its outstanding shares of 6% Convertible Exchangeable Preferred Stock. On December 27, 2007, the date the Company announced the redemption, there was 800,000 shares of Convertible Exchangeable Preferred Stock outstanding.

    In lieu of cash redemption, subject to partial share cash redemption, holders of 462,382 shares of the Preferred Stock elected to convert their shares into approximately 1,155,955 shares of the Company’s common stock. The remaining 337,618 outstanding shares of Preferred Stock were retired for cash (including accrued and unpaid dividends to, but excluding, the redemption date), pursuant to the terms of the Preferred Stock. As a result, the Company no longer has any shares of the 6% Convertible Exchangeable Preferred Stock outstanding. The total cash payment for the redemption of the Preferred Stock including the accrued and unpaid dividends was $17,306,299. The Company will have a charge to earnings of approximately $1.4 million in the first quarter of 2008 from the redemption of the Preferred Stock.
   
    International Shipholding Corporation (ISH), 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,                                                                           (251) 243-9082
Vice President and Chief Financial Officer


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