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
Date of report (Date of earliest event reported) October 7, 2005
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SEACOR Holdings Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-12289 13-3542736
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(Commission File Number) (IRS Employer Identification No.)
11200 Richmond, Suite 400
Houston, Texas 77082
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(Address of Principal Executive Offices) (Zip Code)
(281) 899-4800
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(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):
|_| 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))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 7, 2005 the Compensation Committee of the Board of
Directors of SEACOR Holdings Inc. (the "Compensation Committee") met and
approved changes to compensation in respect of Mr. Richard Ryan, the Company's
Chief Financial Officer, and approved cash bonuses in the amount of $35,000 for
each of Alice N. Gran, Senior Vice President and General Counsel, and John M.
Gellert, Senior Vice President.
Mr. Ryan's base compensation was fixed at $235,000, retroactive to
September 1, 2005. He is also eligible for cash and stock bonuses under the
Company's executive compensation plans. He is also eligible to participate in
the Company's broad-based benefit programs generally available to its salaried
employees, including health, disability and life insurance programs and a
qualified 401(k) plan, and is reimbursed for annual tuition for his minor
daughter in the amount GBP7,000.
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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.
SEACOR Holdings Inc.
By: /s/ Richard Ryan
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Name: Richard Ryan
Title: Vice President and
Chief Financial Officer
Date: October 12, 2005
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