International Seaways Files 8-K on Financials
Ticker: INSW · Form: 8-K · Filed: May 8, 2024 · CIK: 1679049
Sentiment: neutral
Topics: financial-reporting, sec-filing
Related Tickers: INSW
TL;DR
INSW dropped an 8-K detailing financials - check it out.
AI Summary
International Seaways, Inc. filed an 8-K on May 8, 2024, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company, previously known as OSG International, Inc., is incorporated in Delaware and headquartered in New York.
Why It Matters
This filing provides crucial updates on International Seaways' financial performance and operational status, which can impact investor decisions and market perception.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) and does not appear to contain any immediate, significant negative news.
Key Players & Entities
- International Seaways, Inc. (company) — Registrant
- OSG International, INC (company) — Former company name
- May 8, 2024 (date) — Filing date
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates it pertains to 'Results of Operations and Financial Condition' but does not provide specific figures within the provided text.
What is the significance of the 'Regulation FD Disclosure' mentioned?
Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed to all investors simultaneously, preventing selective disclosure.
When did the company change its name from OSG International, Inc.?
The date of the name change was July 7, 2016.
What is the Standard Industrial Classification (SIC) code for International Seaways, Inc.?
The SIC code is 4400, categorized under 'WATER TRANSPORTATION'.
Where is International Seaways, Inc. headquartered?
The company's business address is 600 THIRD AVENUE, 39TH FLOOR, NEW YORK, NY 10016.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-05-08 07:30:31
Key Financial Figures
- $1.75 — rectors declared a combined dividend of $1.75 per share of common stock for the secon
- $0.12 — ised of a regular quarterly dividend of $0.12 per share of common stock and a supplem
- $1.63 — on stock and a supplemental dividend of $1.63 per share of common stock. Both such di
Filing Documents
- tm2413782d1_8k.htm (8-K) — 36KB
- tm2413782d1_ex99-1.htm (EX-99.1) — 229KB
- tm2413782d1_ex99-1img01.jpg (GRAPHIC) — 32KB
- 0001104659-24-058429.txt ( ) — 545KB
- insw-20240508.xsd (EX-101.SCH) — 3KB
- insw-20240508_def.xml (EX-101.DEF) — 26KB
- insw-20240508_lab.xml (EX-101.LAB) — 36KB
- insw-20240508_pre.xml (EX-101.PRE) — 25KB
- tm2413782d1_8k_htm.xml (XML) — 5KB
02 Results of Operations
Item 2.02 Results of Operations and Financial Condition. The following information, including the Exhibit to this Form 8-K, is being furnished pursuant to Item 2.02 — Results of Operations and Financial Condition of Form 8-K. This information is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any Securities Act of 1933 registration statements. On May 8, 2024, International Seaways, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing first quarter 2024 earnings. Section 7 – Regulation FD
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The following information, including the Exhibit to this Form 8-K, is being furnished pursuant to Item 7.01 — Regulation FD Disclosure of Form 8-K. This information is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any Securities Act of 1933 registration statements. On May 7, 2024, INSW's Board of Directors declared a combined dividend of $1.75 per share of common stock for the second quarter of 2024, comprised of a regular quarterly dividend of $0.12 per share of common stock and a supplemental dividend of $1.63 per share of common stock. Both such dividends are payable on June 26, 2024 to shareholders of record at the close of business on June 12, 2024. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K. Exhibit No. Description 99.1 Press Release dated May 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. INTERNATIONAL SEAWAYS, INC. (Registrant) Date: May 8, 2024 By /s/ James D. Small III Name: James D. Small III Title: Chief Administrative Officer, Senior Vice President, Secretary and General Counsel EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated May 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)