Attached files
file | filename |
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EX-23.1 - EX-23.1 - HERCULES OFFSHORE, INC. | h83106exv23w1.htm |
EX-99.1 - EX-99.1 - HERCULES OFFSHORE, INC. | h83106exv99w1.htm |
EX-99.2 - EX-99.2 - HERCULES OFFSHORE, INC. | h83106exv99w2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 7, 2011
HERCULES OFFSHORE, INC.
(Exact name of registrant as specified in its charter)
Delaware | 0-51582 | 56-2542838 | ||
(State or other jurisdiction | (Commission File Number) | (IRS Employer | ||
of incorporation) | Identification No.) | |||
9 Greenway Plaza, Suite 2200 | ||||
Houston, Texas | 77046 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants
telephone number, including area code: (713) 350-5100
(Former name or former address, if changed since last report.)
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 (see General
Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events
In May 2011, the Company completed the sale of substantially all of Delta Towings assets and
certain liabilities for aggregate consideration of $30 million in cash (the Delta Towing Sale)
and recognized a loss on the sale of approximately $13 million.
The Company retained the working capital of the Delta Towing business, which was valued at
approximately $6 million at the date of sale.
As a result of the Delta Towing
Sale, we will classify the results of operations of the Delta Towing assets as discontinued
operations.
Accordingly, we have recast certain information of our filings to reflect the results of
operations of the Delta Towing assets as discontinued operations for all periods presented
included in the following sections of our Annual Report on Form 10-K for the year ended December
31, 2010 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2011
(collectively the Previously Filed Reports):
(1) Our Annual Report on Form 10-K for the year ended December 31, 2010:
| Part II, Item 6. Selected Financial Data, | ||
| Part II, Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations, | ||
| Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, and | ||
| Part II, Item 8. Financial Statements and Supplementary Data. |
(2) Our Quarterly Report on Form 10- Q for the three months ended March 31, 2011:
| Part I, Item 1. Financial Statements, | ||
| Part I, Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations, and | ||
| Part I, Item 3. Quantitative and Qualitative Disclosures About Market Risk. |
As this Current Report on Form 8-K is being filed only for the purpose described above, and
only affects the Items specified above, the other information in the Previously Filed Reports
remains unchanged other than the omission of the Outlook
sections in the applicable report. No attempt has been made in this Current Report on Form 8-K to modify or
update disclosures in the Previously Filed Reports, except as described above. This Current Report
on Form 8-K does not reflect events occurring after the filing of the Previous Filed Reports or
modify or update any related disclosures. Information in the Previously Filed Reports not affected
by this Current Report on Form 8-K is unchanged and reflects the disclosure made at the time of the
filing of the Companys original 2010 Form 10-K and March 31, 2011 Form 10-Q with the Securities
and Exchange Commission on March 10, 2011 and April 29, 2011, respectively. Accordingly, this
Current Report on Form 8-K should be read in conjunction with the Previously Filed Reports and the
Companys filings made with the Securities and Exchange Commission subsequent to the filing of the
Previously Filed Reports, including any amendments to those filings.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
23.1 | Consent of Ernst & Young LLP | ||
99.1 | Updated Selected Financial Data, Managements Discussion and Analysis of Financial Condition and Results of Operations, Quantitative and Qualitative Disclosures About Market Risk and Financial Statements and Supplementary Data of our Annual Report on Form 10-K for the year ended December 31, 2010 | ||
99.2 | Updated Financial Statements, Managements Discussion and Analysis of Financial Condition and Results of Operations, and Quantitative and Qualitative Disclosures About Market Risk of our Quarterly Report on Form 10-Q for the three months ended March 31, 2011 |
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SIGNATURE
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.
HERCULES OFFSHORE, INC. |
||||
Date: July 7, 2011 | By: | /s/ Stephen M. Butz | ||
Stephen M. Butz | ||||
Senior Vice President and Chief Financial Officer |
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EXHIBIT INDEX
No. | Description | ||
23.1 | Consent of Ernst & Young LLP |
||
99.1 | Updated Selected Financial Data, Managements Discussion and Analysis
of Financial Condition and Results of Operations, Quantitative and
Qualitative Disclosures About Market Risk and Financial Statements
and Supplementary Data of our Annual Report on Form 10-K for the year
ended December 31, 2010 |
||
99.2 | Updated Financial Statements, Managements Discussion and Analysis of
Financial Condition and Results of Operations, and Quantitative and
Qualitative Disclosures About Market Risk of our Quarterly Report on
Form 10-Q for the three months ended March 31, 2011 |
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