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    International Seaways Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

    2/27/25 7:30:23 AM ET
    $INSW
    Marine Transportation
    Consumer Discretionary
    Get the next $INSW alert in real time by email
    false 0001679049 true 0001679049 2025-02-27 2025-02-27 0001679049 us-gaap:CommonStockMember 2025-02-27 2025-02-27 0001679049 insw:RightscommonstockMember 2025-02-27 2025-02-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    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

     

                                February 27, 2025                            

    Date of Report (Date of earliest event reported)

     

    International Seaways, Inc.

    (Exact Name of Registrant as Specified in Charter)

     

                1-37836-1            

    Commission File Number

     

    Marshall Islands   98-0467117
    (State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification Number)

     

    600 Third Avenue, 39th Floor

                       New York, New York 10016                   

    (Address of Principal Executive Offices) (Zip Code)

     

    Registrant's telephone number, including area code (212) 578-1600

     

    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:  

     

     

    ¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    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. ¨

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class Symbol Name of each exchange on which registered
    Common Stock (no par value) INSW New York Stock Exchange
    Rights to Purchase Common Stock N/A true New York Stock Exchange

     

     

     

     

     

    Section 2 – Financial Information

     

    Item 2.02Results 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 February 27, 2025, International Seaways, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing fiscal year 2024 earnings.

     

    Section 7 – Regulation FD

     

    Item 7.01Regulation 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 February 26, 2025, INSW’s Board of Directors declared a combined dividend of $0.70 per share of common stock, comprised of a regular quarterly dividend of $0.12 per share of common stock and a supplemental dividend of $0.58 per share of common stock for the fourth quarter of 2024. Both such dividends are payable on March 28, 2025 to shareholders of record at the close of business on March 14, 2025.

     

    Section 9 – Financial Statements and Exhibits

     

    Item 9.01Financial 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 February 27, 2025.
       
    104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     

     

     

     

     

    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: February 27, 2025 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 February 27, 2025.
    104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     

     

     

     

     

     

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