Oceaneering International Inc 10-K/A, filed Mar 4, 2025
Oceaneering International Inc (OII)
10-K/A
2025-03-04
For: 2024-12-31
View Original
Added on
April 07, 2026
About this 10-K/A
Oceaneering International Inc filed this 10-K/A on March 4, 2025, covering the fiscal year ended December 31, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the fiscal year ended December 31 , 2024
OR
| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the transition period from to | |||||
Commission File Number: 1-10945
____________________________________________
OCEANEERING INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
(713 ) 329-4500
(Registrant's telephone number, including area code)
____________________________________________
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||||||
Securities registered pursuant to Section 12(g) of the Act:
None
____________________________________________
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☑ Yes ☐ No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☑ No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☑ Yes ☐ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☑ Yes ☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| ☑ | Accelerated Filer | ☐ | |||||||||
| Non-accelerated Filer | ☐ | Smaller Reporting Company | |||||||||
| Emerging Growth Company | |||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the company has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report). ☑
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☑ No
Aggregate market value of the voting stock held by nonaffiliates of the registrant computed by reference to the closing price of $23.66 of the Common Stock on the New York Stock Exchange as of June 30, 2024, the last business day of the registrant's most recently completed second quarter: $2.4 billion.
Number of shares of Common Stock outstanding as of February 14, 2025: 100,660,997 .
Documents Incorporated by Reference:
None.
EXPLANATORY NOTE
Oceaneering International, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (this “Form 10-K/A”) to amend its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2025 (the “Original Form 10-K”), solely for the purpose of correcting the number of shares of Common Stock outstanding as of February 14, 2025. Accordingly, this Form 10-K/A consists solely of the cover page, this Explanatory Note and the Exhibit Index and the exhibits filed hereto or incorporated by reference herein.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Form 10-K/A also contains new certifications by the principal executive officer and the principal financial officer as required by Section 302 of the Sarbanes-Oxley Act of 2002. Accordingly, Item 15(a)(3) of Part IV is amended to include the currently dated certifications as exhibits. Because this Form 10-K/A does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. Additionally, because this Form 10-K/A does not include financial statements, the Company is not including certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Except as expressly noted in this Form 10-K/A, this Form 10-K/A does not reflect events occurring after the original filing of the Original Form 10-K or modify or update in any way any of the other disclosures contained in the Original Form 10-K, including, without limitation, the financial statements or other financial information included therein or the exhibits thereto. Information not affected by this Form 10-K/A remains unchanged and reflects the disclosures made at the time the Original Form 10-K was made. Accordingly, this Form 10-K/A should be read in conjunction with the Original Form 10-K and the Company’s other filings with the SEC.
Part IV
Item 15. Exhibits, Financial Statement Schedules.
(a)(1) and (2)
The financial statements and financial statement schedule of the Company are not included in this Form 10-K/A. See Part II, Item 8 of the Original Form 10-K.
3. Exhibits:
Exhibit Index
| Registration or File Number | Form of Report | Report Date | Exhibit Number | |||||||||||||||||||||||||||||
| * | 3.01 | 1-10945 | 10-K | Dec. 2000 | 3.01 | |||||||||||||||||||||||||||
| * | 3.02 | 1-10945 | 8-K | May 2008 | 3.1 | |||||||||||||||||||||||||||
| * | 3.03 | 1-10945 | 8-K | May 2014 | 3.1 | |||||||||||||||||||||||||||
| * | 3.04 | 1-10945 | 8-K | Nov. 2022 | 3.01 | |||||||||||||||||||||||||||
| ‡ | 4.01 | |||||||||||||||||||||||||||||||
| * | 4.02 | 1-10945 | 10-Q | Sep. 2018 | 4.3 | |||||||||||||||||||||||||||
| * | 4.03 | 1-10945 | 8-K | Nov. 2014 | 4.1 | |||||||||||||||||||||||||||
| * | 4.04 | 1-10945 | 8-K | Feb. 2018 | 4.2 | |||||||||||||||||||||||||||
| * | 4.05 | 1-10945 | 8-K | Oct. 2023 | 4.3 | |||||||||||||||||||||||||||
| We and certain of our consolidated subsidiaries are parties to debt instruments under which the total amount of securities authorized does not exceed 10% of our total consolidated assets. Pursuant to paragraph 4(iii)(A) of Item 601(b) of Regulation S-K, we agree to furnish a copy of those instruments to the Securities and Exchange Commission on request. | ||||||||||||||||||||||||||||||||
| * | 10.01 | + | 1-10945 | 8-K | Dec. 2006 | 10.1 | ||||||||||||||||||||||||||
| * | 10.02 | + | 1-10945 | 8-K | Dec. 2008 | 10.9 | ||||||||||||||||||||||||||
| * | 10.03 | + | 1-10945 | 8-K | May 2006 | 10.2 | ||||||||||||||||||||||||||
| * | 10.04 | + | 1-10945 | 8-K | Dec. 2008 | 10.10 | ||||||||||||||||||||||||||
| * | 10.05 | + | 1-10945 | 10-K | Dec. 2018 | 10.33 | ||||||||||||||||||||||||||
| * | 10.06 | + | 1-10945 | 10-K | Dec. 2018 | 10.34 | ||||||||||||||||||||||||||
| * | 10.07 | + | 1-10945 | 8-K | Dec. 2008 | 10.5 | ||||||||||||||||||||||||||
| * | 10.08 | + | 1-10945 | 8-K | Dec. 2008 | 10.6 | ||||||||||||||||||||||||||
| * | 10.09 | + | 1-10945 | 8-K | Aug. 2015 | 10.3 | ||||||||||||||||||||||||||
| * | 10.10 | + | 1-10945 | 8-K | May 2011 | 10.5 | ||||||||||||||||||||||||||
| * | 10.11 | + | 1-10945 | 8-K | May 2011 | 10.4 | ||||||||||||||||||||||||||
| * | 10.12 | + | 1-10945 | 10-K | Dec. 2018 | 10.31 | ||||||||||||||||||||||||||
| * | 10.13 | + | 1-10945 | 10-K | Dec. 2020 | 10.18 | ||||||||||||||||||||||||||
| * | 10.14 | + | 1-10945 | 10-K | Dec. 2020 | 10.19 | ||||||||||||||||||||||||||
| * | 10.15 | + | 1-10945 | 10-Q | Jun. 2021 | 10.01 | ||||||||||||||||||||||||||
| * | 10.16 | + | 1-10945 | 10-K | Dec. 2018 | 10.35 | ||||||||||||||||||||||||||
| * | 10.17 | + | 1-10945 | 10-K | Dec. 2018 | 10.32 | ||||||||||||||||||||||||||
| * | 10.18 | 1-10945 | 8-K | Apr. 2022 | 10.1 | |||||||||||||||||||||||||||
| * | 10.19 | 1-10945 | 8-K | Sept. 2023 | 10.1 | |||||||||||||||||||||||||||
| * | 10.20 | + | 1-10945 | 8-K | Mar. 2022 | 10.1 | ||||||||||||||||||||||||||
| * | 10.21 | + | 1-10945 | 8-K | Mar. 2022 | 10.2 | ||||||||||||||||||||||||||
| * | 10.22 | + | 333-238325 | S-8 | May 2020 | 4.06 | ||||||||||||||||||||||||||
| * | 10.23 + | 1-10945 | 8-K | Feb. 2023 | 10.1 | |||||||||||||||||||||||||||
| * | 10.24 + | 1-10945 | 8-K | Feb. 2023 | 10.2 | |||||||||||||||||||||||||||
| * | 10.25 + | 1-10945 | 8-K | Feb. 2023 | 10.3 | |||||||||||||||||||||||||||
| * | 10.26 + | 1-10945 | 10-Q | Apr. 2026 | 10.01 | |||||||||||||||||||||||||||
| ‡ | 19 | |||||||||||||||||||||||||||||||
| ‡ | 21.01 | |||||||||||||||||||||||||||||||
| ‡ | 23.01 | |||||||||||||||||||||||||||||||
| 31.01 | ||||||||||||||||||||||||||||||||
| 31.02 | ||||||||||||||||||||||||||||||||
| ‡ | 32.01 | |||||||||||||||||||||||||||||||
| ‡ | 32.02 | |||||||||||||||||||||||||||||||
| ‡ | 97.01 | + | ||||||||||||||||||||||||||||||
| 101.INS | Inline XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document. | |||||||||||||||||||||||||||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||||||||||||||||||||||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||||||||||||||||||||||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||||||||||||||||||||||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||||||||||||||||||||||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||||||||||||||||||||||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||||||||||||||||||||||||||
| * | Exhibit previously filed with the Securities and Exchange Commission, as indicated, and incorporated herein by reference. | |||||||||||||||||||||||||||||||
| + | Management contract or compensatory plan or arrangement. | |||||||||||||||||||||||||||||||
| ‡ | Previously filed or furnished with the Original Form 10-K. | |||||||||||||||||||||||||||||||
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| OCEANEERING INTERNATIONAL, INC. | ||||||||||||||
| Date: | March 3, 2025 | By: | /S/ RODERICK A. LARSON | |||||||||||
| Roderick A. Larson | ||||||||||||||
| President and Chief Executive Officer and Director | ||||||||||||||
Exhibit 31.01
CERTIFICATION
I, Roderick A. Larson, principal executive officer of Oceaneering International, Inc., certify that:
1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K/A of Oceaneering International, Inc. for the year ended December 31, 2024; and
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
| March 3, 2025 | By: | /S/ RODERICK A. LARSON | |||||||||
| Roderick A. Larson | |||||||||||
| President and Chief Executive Officer | |||||||||||
| (Principal Executive Officer) | |||||||||||
Exhibit 31.02
CERTIFICATION
I, Alan R. Curtis, principal financial officer of Oceaneering International, Inc., certify that:
1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K/A of Oceaneering International, Inc. for the year ended December 31, 2024; and
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
| March 3, 2025 | By: | /S/ ALAN R. CURTIS | |||||||||
| Alan R. Curtis | |||||||||||
| Senior Vice President and Chief Financial Officer | |||||||||||
| (Principal Financial Officer) | |||||||||||