form8k-020810.htm
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): February 2, 2010
______________________________
Bristow
Group Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-31617
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72-0679819
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(State
or other jurisdiction of
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(Commission
File Number)
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(IRS
Employer
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incorporation
or organization)
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|
Identification
Number)
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2000
W. Sam Houston Pkwy. S.,
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77042
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Suite
1700
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(Zip
Code)
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Houston,
Texas
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(Address
of principal executive offices)
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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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Compensation
Increases. On January 1, 2010, two of our named executive
officers, Mr. Richard Burman and Mr. Mark Duncan, assumed new positions with
Bristow Group Inc. (the “Company”) as Senior Vice President Operations and
Senior Vice President Commercial, respectively. On February 2, 2010,
the Compensation Committee of the Board of Directors of the Company (the
“Compensation Committee”) approved an increase of the base salaries of the two
officers in recognition of their increased responsibilities. The increase was
made effective as of January 1, 2010, the date they assumed their new
roles. The Compensation Committee also increased their bonus target
levels and the bonus maximums under the Bristow Group Inc. Fiscal Year 2010
Annual Incentive Compensation Plan (the “2010 Plan”). The new base salaries and
bonus target and maximum levels are set forth below.
| |
Base
Salary |
Bonus
Target
|
Bonus
Maximum
|
| Richard D.
Burman |
$367,100 |
55% |
110% |
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| Mark B.
Duncan |
$367,100 |
55% |
110% |
Bonus
targets and maximums are expressed as a percentage of base salary. Please see
“Compensation Discussion and Analysis— Annual Incentive Compensation” in our
proxy statement on Schedule 14A filed June 18, 2009 for additional information
on the 2010 Plan.
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:
February 8, 2010
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BRISTOW
GROUP INC
(Registrant)
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By: /s/
Randall A. Stafford |
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Randall A.
Stafford |
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Vice President,
General
Counsel and Corporate Secretary
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