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Section 1: 8-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

June 27, 2017

Date of Report (Date of earliest event reported)

 

Overseas Shipholding Group, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-06479

 

13-2637623

(State of   (Commission   (IRS Employer
Incorporation)   File Number)   Identification No.)

 

Two Harbor Place

302 Knights Run Avenue, Suite 1200

Tampa, Florida 33602

 

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (813) 209-0600

 

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 (17 CFR 230.425)
   
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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

 

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. [  ]

 

 

 

   
  

 

Section 2 –Financial Information

 

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

 

On June 28, 2017, Overseas Shipholding Group, Inc. (“OSG”) announced the resignation of Christopher Wolf as OSG’s Senior Vice President and Chief Financial Officer, effective June 27, 2017. OSG expects to name an interim Chief Financial Officer while it conducts a search to fill the CFO position on a permanent basis.

 

Section 7 – Optional 8-K Filings

 

Item 7.01 Regulation FD

 

On June 28, 2017, OSG issued a press release regarding the resignation of Christopher Wolf as OSG’s Senior Vice President and Chief Financial Officer, effective June 27, 2017. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into Item 7.01 by reference.

 

The information contained in Item 7.01 of this Current Report on Form 8-K (including the exhibit hereto or any information included therein) shall not be deemed an admission as to the materiality of any information required to be disclosed solely by reason of Regulation FD.

 

OSG is furnishing this Current Report pursuant to Item 7.01, “Regulation FD Disclosure.” The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
99.1   Press Release dated June 28, 2017

 

   
  

 

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 hereunto duly authorized.

 

    OVERSEAS SHIPHOLDING GROUP, INC.
                              (Registrant)
       
Date: June 28, 2017 By: /s/ Samuel Norton
      Samuel Norton
      President and Chief Executive Officer

 

   
  

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
99.1   Press Release dated June 28, 2017.

 

   
  

 

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Section 2: EX-99.1

 

 

OVERSEAS SHIPHOLDING GROUP, INC. ANNOUNCES

RESIGNATION OF CFO CHRISTOPHER WOLF

 

Tampa, FL – June 28, 2017 – Overseas Shipholding Group, Inc. (NYSE: OSG) ( “OSG”) a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today announced the resignation of Christopher Wolf as OSG’s Senior Vice President and Chief Financial Officer, effective June 27, 2017. OSG stated that Mr. Wolf’s resignation did not result from any disagreement or concerns related to accounting or financial reporting matters. OSG expects to appoint an interim Chief Financial Officer while it conducts a search to fill the CFO position on a permanent basis.

 

About Overseas Shipholding Group, Inc.

 

Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 24-vessel U.S. Flag fleet consists of eight ATBs, two lightering ATBs, three shuttle tankers, nine MR tankers, and two non-Jones Act MR tankers that participate in the U.S. MSP. OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.

Investor Relations & Media Contact:

Susan Allan, Overseas Shipholding Group, Inc.

(813) 209-0620

sallan@osg.com

 

   
 

 

 

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