Finance News

Harvey Gulf CEO and Major Shareholders Reach New Shareholder Agreement

HGIM Corp., the parent company to Harvey Gulf International Marine, LLC, has announced that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management, LLC, an affiliate of The Jordan Company LP, and certain affiliates of Black Diamond Capital Management, L.L.C., have entered into a securityholders agreement.

  In connection with such agreement, Sherman Edmiston and James Swent have each resigned from the board of directors and the size of the board will be reduced from seven to five members.  Following these changes, the members of the board will be Shane J. Guidry, Peter R. Frank, Steve Orlando, Jeff Landry and J. Mark Burns, all current members of the board.  

2 Shane J. GuidryShane J. Guidry

Shane J. Guidry, the majority owner of Gladiator Investments, LLC and the CEO and chairman of the board of Harvey, commented, “I am pleased to report that the holders of the vast majority of Harvey’s common stock have come to agreement regarding the composition of the board of directors and other matters.  This agreement will further enhance the board’s alignment with its stockholders, and we all look forward to working collaboratively to deliver superior stockholder value in the years ahead. Finally, on behalf of the Harvey’s board, we thank Sherman Edmiston and James Swent for their service and many contributions to Harvey over the past few years.”

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

Phone: +1 772.221.7720