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)
October 19, 2015
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) |
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 8.01Other Events.
On October 19, 2015, International Shipholding Corporation issued a press release providing an update on recent discussions with its lenders. A copy of the press release is filed as exhibit 99.1 to this report.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
The exhibit to this Current Report is listed in the Exhibit Index, which appears at the end of this report and is incorporated by reference herein.
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:October 19, 2015
Exhibit Index
Exhibit No. |
Description |
99.1 |
Press Release dated October 19, 2015. |
INTERNATIONAL SHIPHOLDING CORPORATION PROVIDES UPDATE ON LENDER DISCUSSIONS
Mobile, Alabama, October 19, 2015 – International Shipholding Corporation (NYSE: ISH) is in on-going discussions with its lenders regarding compliance with various financial covenants contained in its financing agreements. During the pendency of these discussions, the Company’s Board of Directors has elected to not make the cumulative dividend payments scheduled for October 30, 2015 with respect to the Company’s Series A and Series B preferred stock. The Company will discuss the Board’s election during its third quarter 2015 earnings call scheduled for November 5, 2015 and in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2015.
About International Shipholding Corporation
International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and International Flag vessels that provide worldwide and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts.
For more information about the company, please visit www.intship.com.
Contact:
The IGB Group
Bryan Degnan
(646) 673-9701
bdegnan@igbir.com
Leon Berman
(212) 477-8438
lberman@igbir.com
International Shipholding Corporation
Niels M. Johnsen, Chairman (212) 943-4141
Erik L. Johnsen, President (251) 243-9221
Manny Estrada, V. P. and CFO (251) 243-9082
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