Announcement • Jun 29
Yoav Saffar Calls on SEACOR Board to Initiate a Strategic Review On June 29, 2026, Yoav Saffar announced that he has delivered a letter to SEACOR Marine Holdings Inc.’s Board of Directors urging it to immediately initiate a monetization process of the Company's fleet aimed at maximizing shareholder value. In addition, Yoav Saffar in his letter highlights that despite one of the strongest offshore support vessel markets in years, Company Marine continues to trade at a substantial discount to the intrinsic value of its fleet and other assets. Further, Yoav Saffar believes that while management successfully navigated one of the industry’s most difficult downturns, the Company’s current capital structure and limited scale have constrained its ability to translate favorable market conditions into shareholder returns, and Yoav Saffar outlined that the Company’s young premium platform supply vessel fleet, specialized fast support vessel fleet and Middle East liftboats represent valuable assets not adequately reflected in the current market valuation. Furthermore, references 3rd-party vessel valuations, recent offshore vessel sales and multi-year charter contracts as evidence that the underlying asset value materially exceeds the current share price. Further, Yoav Saffar believes that improving offshore market fundamentals, rising day rates and recent vessel transactions have created an attractive environment to pursue strategic alternatives that could unlock significant value for shareholders, and urges the Board to promptly evaluate strategic alternatives, including monetizing selected assets while market conditions remain favorable. Announcement • Jun 25
Jorey Chernett Calls on SEACOR Board to Initiate Comprehensive Evaluation of Strategic Alternatives On June 22, 2026, Jorey Chernett announced that it has delivered a letter to the Company Board of Directors calling for the evaluation of strategic alternatives, including an orderly sale of the Company or a dual-track fleet sale. In addition, Jorey Chernett highlighting the severe discount to NAV, which has a broker-appraised value of greater than $20 per share, and noting that Company Marine currently trades at a public market capitalization of approximately $181 million ($6.68 per share) despite an enterprise value of more than $1 billion, and emphasized the need for improved execution and operational management, aggressive reduction of corporate overhead, immediate sale or relocation of liftboats to maintain operational flexibility, use of proceeds and G&A savings to pay down outstanding debt and reduce interest expense costing approximately $100,000 per day. Further, Jorey Chernett urged the Board to pursue a sale of the Company’s highly desirable fleet to a strategic buyer to unlock value for shareholders. Announcement • Jun 23
Jorey Chernett Delivers a Letter to the Board of SEACOR Marine Holdings Inc On June 22, 2026, Jorey Chernett announced that he delivered a letter to the board of directors of SEACOR Marine Holdings Inc., urging the Board to explore strategic alternatives, including an outright sale of the company or a structured monetization of its assets, to address the significant discount between the company's current stock price and the estimated net asset value of its fleet. Jorey Chernett has constructively engaged with the Board by highlighting the undervaluation of the Company’s shares, noting that the Company’s current market capitalization is approximately $181 million ($6.68 per share), while its assets are valued at over $1 billion, with a net asset value exceeding $20 per share. Jorey Chernett encourages the Board to address persistent challenges such as negative free cash flow, elevated corporate overhead, and underutilized asset monetization, despite supportive industry conditions. Chernett recommended that the board proactively evaluate strategic alternatives, including an outright sale to a strategic or private buyer, a dual-track fleet sale to monetize assets and reduce debt, and an immediate reduction in general and administrative expenses. Jorey Chernett further suggested that the timely sale or relocation of premium liftboats in the Middle East and the use of proceeds to extinguish outstanding debt, followed by a sale of the core fleet to a strategic buyer. To ensure a comprehensive review of these options, Chernett requests that the Board retain an independent financial advisor. Additionally, Jorey Chernett expresses a willingness to engage in collaborative dialogue and emphasizes the Board’s fiduciary responsibility to maximize value for all shareholders, exemplifying a proactive and value-oriented approach to shareholder engagement. 
