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Form 8-K OCEANEERING INTERNATIONA For: Oct 05

October 5, 2015 5:29 PM EDT
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):                October 5, 2015

OCEANEERING INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
1-10945
(Commission
File Number)
95-2628227
(IRS Employer
Identification No.)

11911 FM 529
Houston, TX
(Address of principal executive offices)

77041
(Zip Code)

Registrant's telephone number, including area code: (713) 329-4500
                                        
N/A
(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:
¨
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 5, 2015, we announced that Marvin J. Migura has decided to relinquish his position as Executive Vice President effective December 31, 2015. Mr. Migura will continue to serve as a Senior Vice President, reporting to our Chief Executive Officer, M. Kevin McEvoy, and remain a part of the executive management team at least through the end of 2016. Mr. Migura joined Oceaneering in 1995 as Senior Vice President and Chief Financial Officer and was appointed to the position of Executive Vice President in 2011. A copy of the Press Release announcing this change is included as Exhibit 99.1 to this report and is hereby incorporated by reference into this Item 5.02.



Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits.

The following is being furnished as an exhibit to this report.
        
 
 
 
 
 
 
 
 
 
 
 
 
99.1
 
Press Release of Oceaneering International, Inc. dated October 5, 2015





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.


OCEANEERING INTERNATIONAL, INC.
 
 
By:
/s/ ROBERT P. MINGOIA
 
Robert P. Mingoia
 
Vice President and Treasurer

Date:    October 5, 2015










Exhibit Index

 
 
 
 
 
 
 
 
 
 
 
 
99.1
 
Press Release of Oceaneering International, Inc. dated October 5, 2015




Exhibit 99.1


Oceaneering Executive, Marvin J. Migura to Step Down
to Senior Vice President at the End of 2015


October 5, 2015 - Houston, Texas - Oceaneering International, Inc. (NYSE: OII) announced that Marvin J. Migura has decided to relinquish his position as Executive Vice President (EVP) effective December 31, 2015. Mr. Migura will continue to serve as a Senior Vice President (SVP), reporting to Chief Executive Officer (CEO) M. Kevin McEvoy, and remain a part of the executive management team at least through the end of 2016.

Mr. Migura joined Oceaneering in 1995 as SVP and Chief Financial Officer (CFO) and was appointed to the position of EVP in 2011. During his tenure, he has contributed significantly to the improvements in financial performance Oceaneering has achieved --- as evidenced by a compound annual growth rate in revenue of 15% and net income of 25% through 2014.

M. Kevin McEvoy, CEO, stated, “Marvin has been an integral member of the executive leadership team at Oceaneering since he joined the company. I truly enjoy working with him and look forward to his continued involvement in the company’s strategic decision-making process and in investor relations. Furthermore, Marvin’s gradual move toward retirement will help assure a smooth transition to our recently announced senior-level management changes.”

Coincident with Mr. Migura’s role change, Alan R. Curtis, SVP and CFO, and Eric A. Silva, SVP Operations Support, will report directly to the CEO.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 713-329-4670, E-Mail [email protected].







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