ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SECURITY HOLDER MATTERS.
The information called for by Item 5 is included in the 1993 Annual Report to Shareholders in the section entitled "Common Stock Prices and Dividends for Each Quarterly Period of 1992 and 1993" and is incorporated herein by reference to page 19 of Exhibit 13 filed with this 10-K.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
The information called for by Item 6 is included in the 1993 Annual Report to Shareholders in the section entitled "Summary of Selected Consolidated Financial Data" and is incorporated herein by reference to page 1 of Exhibit 13 filed with this 10-K.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The information called for by Item 7 is included in the 1993 Annual Report to Shareholders in the section entitled "Management Discussion and Analysis of Financial Condition and Results of Operations" and is incorporated herein by reference to pages 2 through 4 of Exhibit 13 filed with this 10-K.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The consolidated balance sheets as of December 31, 1993, and December 31, 1992, and the related consolidated statements of income, changes in stockholders' investment and cash flows for each of the three years in the period ended December 31, 1993 are included in the 1993 Annual Report to the Shareholders and are incorporated herein by reference to pages 5 through 9 of Exhibit 13 filed with this 10-K. Such statements have been audited by Arthur Andersen & Co., independent public accountants, as set forth in their report included in such Annual Report and incorporated herein by reference to page 20 of Exhibit 13 filed with this 10-K.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
The information called for by Item 10 is incorporated herein by reference to Item 4a, Executive Officers and Directors of the Registrant.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION
The information called for by Item 11 is included on pages 6, 7 and 8 of the Company's definitive proxy statement dated March 11, 1994, filed pursuant to Section 14(a) of the Securities Exchange Act of 1934, and is incorporated herein by reference.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The information called for by Item 12 is included on pages 2, 3, 4 and 5 of the Company's definitive proxy statement dated March 11, 1994, filed pursuant to Section 14(a) of the Securities Exchange Act of 1934, and is incorporated herein by reference.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
The information called for by Item 13 is included on pages 2, 3, 4, 5, 8 and 9 of the Company's definitive proxy statement dated March 11, 1994, filed pursuant to Section 14(a) of the Securities Exchange Act of 1934, and is incorporated herein by reference.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
The following financial statements, schedules and exhibits are filed as part of this report: (a) 1. Financial Statements ____________________ The following financial statements and related notes are included in the Company's 1993 Annual Report to Shareholders and are incorporated herein by reference to pages 5 through 20 of Exhibit 13 filed with this 10-K.
Consolidated Balance Sheets at December 31, 1993 and 1992
Consolidated Statements of Income for the years ended December 31, 1993, 1992, and
Consolidated Statements of Changes in Stockholders' Investment for the years ended December 31, 1993, 1992 and 1991
Consolidated Statements of Cash Flows for the years ended December 31, 1993, 1992 and 1991
Notes to Consolidated Financial Statements
Report of Independent Public Accountants
2. Financial Statement Schedules _____________________________ The list of financial statement schedules required by Item 8 and Item 14 are incorporated herein by reference to pages 27, 28, 29 and 30 of this document.
Report of Independent Public Accountants on Supplemental Schedules
Supplemental Schedules (Consolidated) Schedule V - Property Schedule VI - Accumulated Depreciation Schedule X - Supplemental Income Statement Information
3. Exhibits ________ (3) Restated Certificate of Incorporation,as amended, and By-Laws of the Registrant (filed with the Securities and Exchange Commission as Exhibit 3 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 1987 and incorporated herein by reference)
(4) Specimen of Common Stock Certificate (filed as an exhibit to the Company's Form 8-A filed with the Securities and Exchange Commission on April 25, 1980 and incorporated herein by reference)
(4.1) Form of Indenture between the Company and The Bank of New York, as Trustee with respect to the 9% Senior Notes (filed with the Securities and Exchange Commission on May 5, 1993 as Exhibit 4(c) to the Company's Registration Statement on Form S-2 [Registration No. 33-62168] and incorporated herein by reference)
(4.2) Form of 9% Senior Note (filed with the Securities and Exchange Commission on May 5, 1993 as Exhibit 4(d) to the Company's Registration Statement on Form S-2 [Registration No. 33-62168] and incorporated herein by reference)
(11) Statement regarding Computation of Earnings per Share
(13) 1993 Annual Report to Shareholders
(21) Subsidiaries of International Shipholding Corporation
(b) No reports on Form 8-K were filed during the last quarter of the period covered by this Report.
(c) The Index of Exhibits and required Exhibits are included following the Financial Statement Schedules beginning at page 31 of this Report.
(d) The Index to Consolidated Financial Statements and Supplemental Schedules are included following the signatures beginning at page 26 of this Report.
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.
INTERNATIONAL SHIPHOLDING CORPORATION (Registrant)
/s/ Gary L. Ferguson March 23, 1994 By ______________________________ Gary L. Ferguson Vice President, Chief Financial Officer and Principal Accounting Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
INTERNATIONAL SHIPHOLDING CORPORATION (Registrant)
/s/ Niels W. Johnsen March 23, 1994 By ____________________________ Niels W. Johnsen Chairman of the Board, Director and Chief Executive Officer
/s/ Erik F. Johnsen March 23, 1994 By _____________________________ Erik F. Johnsen President and Director
/s/ Harold S. Grehan, Jr. March 23, 1994 By _____________________________ Harold S. Grehan, Jr. Vice President and Director
/s/ Laurance Eustis March 23, 1994 By __________________________ Laurance Eustis Director
/s/ Edwin Lupberger March 23, 1994 By __________________________ Edwin Lupberger Director
/s/ Raymond V. O'Brien, Jr. March 23, 1994 By ___________________________ Raymond V. O'Brien, Jr. Director
/s/ Niels M. Johnsen March 23, 1994 By ___________________________ Niels M. Johnsen Vice President and Director
/s/ Gary L. Ferguson March 23, 1994 By ____________________________ Gary L. Ferguson Vice President, Chief Financial Officer and Principal Accounting Officer
INTERNATIONAL SHIPHOLDING CORPORATION
INDEX TO CONSOLIDATED FINANCIAL STATEMENT SCHEDULES
All other schedules are not submitted because they are not applicable or because the required information is included in the financial statements or notes thereto.
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS ON SUPPLEMENTAL SCHEDULES
To International Shipholding Corporation:
We have audited in accordance with generally accepted auditing standards, the consolidated financial statements included in the Company's 1993 Annual Report to Shareholders incorporated by reference in this Form 10-K, and have issued our report thereon dated January 18, 1994. Our audit was made for the purpose of forming an opinion on those financial statements taken as a whole. Schedules V, VI, and X are presented for purposes of complying with the Securities and Exchange Commission's rules and are not part of the basic financial statements taken as a whole. These schedules have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, fairly state in all material respects the financial data required to be set forth therein in relation to the basic financial statements taken as a whole.
ARTHUR ANDERSEN & CO.
New Orleans, Louisiana January 18, 1994
SCHEDULE V INTERNATIONAL SHIPHOLDING CORPORATION
PROPERTY (All Amounts in Thousands)
SCHEDULE VI
INTERNATIONAL SHIPHOLDING CORPORATION
ACCUMULATED DEPRECIATION (All Amounts in Thousands)
SCHEDULE X INTERNATIONAL SHIPHOLDING CORPORATION
SUPPLEMENTARY INCOME STATEMENT INFORMATION (All Amounts in Thousands)
INTERNATIONAL SHIPHOLDING CORPORATION
EXHIBIT INDEX
Page Exhibit Number _______ ______
(3) Restated Certificate of Incorporation, as amended, and By-Laws of the Registrant (filed with the Securities and Exchange Commission as Exhibit 3 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 1987 and incorporated herein by reference) --
(4) Specimen of Common Stock certificate (filed as an exhibit to the Company's Form 8-A filed with the Securities and Exchange Commission on April 25, 1980 and incorporated herein by reference) --
(4.1) Form of Indenture between the Company and The Bank of New York, as Trustee with respect to the 9% Senior Notes (filed with the Securities and Exchange Commission on May 5, 1993 as Exhibit 4(c) to the Company's Registration Statement on Form S-2 [Registration No. 33-62168] and incorporated herein by reference) --
(4.2) Form of 9% Senior Note (filed with the Securities and Exchange Commission on May 5, 1993 as Exhibit 4(d) to the Company's Registration Statement on Form S-2 [Registration No. 33-62168] and incorporated herein by reference) --
(11) Statement Regarding Computation of Earnings per Share, included herein --
(13) 1993 Annual Report to Shareholders, included herein --
(21) Subsidiaries of International Shipholding Corporation, included herein --