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): March 27, 2007 (March 22, 2007)
Bristow Group Inc.
(Exact name of registrant as specified in its charter)
| | | | | |
Delaware
(State or other jurisdiction
of incorporation) | | 001-31617
(Commission File Number) | | 72-0679819
(IRS Employer
Identification No.) |
| | | |
2000 W. Sam Houston
Pkwy. S., Suite 1700 | | |
Houston, Texas
(Address of principal executive offices) | | 77042
(Zip Code) |
Registrant’s telephone number, including area code:(713) 267-7600
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 (seeGeneral Instruction A.2. below):
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| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
Compensation of Executive Officers. On March 22, 2007 but effective April 1, 2007, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Bristow Group Inc. (the “Company”) approved an increase of the base salaries of each of the named executive officers (the “Named Executive Officers”) of the Company. The new salaries for the Named Executive Officers are set forth below:
| | | | | |
| Name | | New Salary |
| William E. Chiles | | $ | 615,000 | |
| Perry L. Elders | | $ | 430,000 | |
| Richard D. Burman | | $ | 320,000 | |
| Michael R. Suldo | | $ | 310,000 | |
| Mark B. Duncan | | $ | 310,000 | |
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.
Dated: March 27, 2007
| | | | | |
| | BRISTOW GROUP INC.
(Registrant)
| |
| | By: | /s/ Randall A. Stafford | |
| | | Randall A. Stafford | |
| | | Vice President and General Counsel, Corporate Secretary | |
| |
