---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011429"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T11:12:46.978691+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tidewater Chairman Larry T. Rigdon to retire; Dick Fagerstal named successor

## Summary
- Larry T. Rigdon will retire as Chairman and not stand for reelection at the June 26, 2023 annual meeting.
- Lead Independent Director Dick Fagerstal to become non-executive Chairman, pending his own reelection.
- Board size to reduce from nine to eight directors effective upon Rigdon's retirement.
- Rigdon's retirement is not due to any disagreement with the company's operations, policies, or practices.

## SEC filing metadata
- accession: 0001437749-23-011429
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000143774923011429/0001437749-23-011429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000143774923011429/tdw20230427_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011429
- JSON: https://secwatch.observer/filing/0001437749-23-011429.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011429.txt

## Key facts
- Executive change
  Dick Fagerstal was appointed as Chairman of the Board at TIDEWATER INC.
  - Action: appointed
  - Role: Chairman of the Board
  source text: the Board plans to appoint Dick Fagerstal, who currently serves as the Lead Independent Director and Chair of the Audit Committee of the Board, as Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000143774923011429/0001437749-23-011429-index.htm
- Executive change
  Larry T. Rigdon retired as Chairman of the Board at TIDEWATER INC.
  - Action: retired
  - Role: Chairman of the Board
  source text: On April 26, 2023, Larry T. Rigdon, Chairman of the Board of Directors (the “ Board ”) of Tidewater Inc. (the “ Company ”), notified the Company of his decision to retire from Board, and as such, not to stand for reelection
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000143774923011429/0001437749-23-011429-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.