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):
September 24, 2003 (September 23, 2003)
___________________
TORCH OFFSHORE, INC.
(Exact Name of Registrant as Specified in its Charter)
000-32855
(Commission File Number)
Delaware 74-2982117
(State or Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification No.)
401 Whitney Avenue, Suite 400
Gretna, Louisiana 70056-2596
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(504) 367-7030
ITEM 5. OTHER EVENTS.
On September 24, 2003, Torch Offshore, Inc. (the "Company")
issued a press release announcing the immediate resignation
of John Reynolds from the Company's Board of Directors. Mr.
Reynolds was a member of the Audit Committee of the Board of
Directors and had served in these capacities since May 2000.
A copy of the Company's press release announcing the above
is filed as an exhibit to this Form 8-K and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL
INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
The following exhibits are filed herewith:
Exhibit No. Description
99.1 Torch Offshore, Inc. Press Release, dated
September 24, 2003.
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.
TORCH OFFSHORE, INC.
By: /s/ ROBERT E. FULTON
Date: September 24, 2003 -------------------------
Robert E. Fulton
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Torch Offshore, Inc. Press Release, dated
September 24, 2003.
EXHIBIT 99.1
NEWS RELEASE
For immediate release Contact: Bob Fulton (1)504-367-7030
to: Analysts, Financial b.fulton@torchinc.com
Community, Media Bradley Lowe (1)504-367-7030
b.lowe@torchinc.com
Torch Offshore, Inc. Announces Resignation of John Reynolds
New Orleans, Louisiana USA, September 24, 2003
Torch Offshore, Inc. (NASDAQ: TORC) (the "Company")
announced today that John Reynolds has resigned from the
Company's Board of Directors effective immediately. Mr.
Reynolds was a member of the Audit Committee of the Board of
Directors and had served in these capacities since May 2000.
The Company is in the process of finding a replacement for
Mr. Reynolds and will make an announcement immediately upon
doing so.
Established in 1978, Torch Offshore, Inc. is involved in
offshore pipeline installation and subsea construction for
the oil and natural gas industry. Torch Offshore, Inc. is
expanding beyond its established shallow water niche market
in order to serve the industry's worldwide growing needs in
the deep waters.
Any statements made in this news release, other than those
of historical fact, about an action, event or development,
which the Company hopes, expects, believes or anticipates
may or will occur in the future, are forward-looking
statements under the Private Securities Litigation Act of
1995. Such statements are subject to various assumptions,
risks and uncertainties, which are specifically described in
the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2002 filed with the Securities and
Exchange Commission, as well as other factors that may not
be within the Company's control, including, specifically,
oil and natural gas commodity prices, weather conditions and
offshore construction activity levels. Although the Company
believes its expectations are based on reasonable
assumptions, it gives no assurance that the Company's
assumptions and projections will prove to be correct. Actual
results may differ materially from those projected.
PR 03-015
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