0000278041-16-000121.txt : 20160519 0000278041-16-000121.hdr.sgml : 20160519 20160519140426 ACCESSION NUMBER: 0000278041-16-000121 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160519 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160519 DATE AS OF CHANGE: 20160519 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: 1028 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10852 FILM NUMBER: 161662699 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 c041-20160519x8k.htm 8-K Form 8-K

 

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)

May 18, 2016



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

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 May 18, 2016, International Shipholding Corporation issued a press release providing an update on the implementation of its Strategic Plan, which the Company announced on November 16, 2015.  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:May 19, 2016 

 

 

 

Exhibit Index



ecemb

 

Exhibit No.

Description

99.1

Press Release dated May 18, 2016.



EX-99.1 2 c041-20160519xex99_1.htm EX-99.1 EX 9912

W:\CLIENTS\ISH\Client Files\Images & Logos\ISH Rebranding\ISH_Corporate_Identity_Version_2_RGB_0.1 Transparent Bkgrnd No Text.tif







INTERNATIONAL SHIPHOLDING CORPORATION PROVIDES UPDATE ON IMPLEMENTATION OF STRATEGIC PLAN





Mobile, AL – May 18, 2016 - International Shipholding Corporation (OTCQX: ISHC) today announced that it remained in discussions with its principal lenders regarding various defaults under its credit facilities.  As previously disclosed in its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2016, the Company received in April 2016 various forms of contingent short-term relief from its principal lenders.  That relief terminated on May 15, 2016, and the Company currently is seeking further relief from its lenders and exploring other alternatives.  The Company has retained Blackhill Partners, LLC as its financial advisor to assist in its continued evaluation of various strategic alternatives to address its liquidity and capital structure.



The Company can provide no assurance as to outcome or timing of its current endeavors, and will make future announcements if it determines that further updates are necessary or appropriate.





Contact:

James T. Higginbotham

(251)243-9114

Higgjt@intship.com



Sheila Dean

(251)243-9230

deansa@intship.com



International Shipholding Corporation

Niels M. Johnsen, Chairman (212) 943-4141

Erik L. Johnsen, President (251) 243-9221

Manny Estrada, V. P. and CFO (504) 249-6082 



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