Filing Details

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Scorpio Offshore Investments Inc.

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

3,567,931

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

3,567,931

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

3,567,931

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

13.9%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Scorpio Offshore Holding Inc.

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

8,126,219

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

8,126,219

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

8,126,219

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

31.7%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Scorpio Services Holding Limited

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

11,925,079

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

11,925,079

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

11,925,079

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

46.5%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Scorpio Holdings Limited

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

11,925,079

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

11,925,079

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

 

 

 

11,925,079

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

46.5%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Culky Investments Inc.

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

8,126,219

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

8,126,219

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

8,126,219

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

31.7%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Scorpio Services Holding Two Limited

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

WC

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

11,694,150

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

11,694,150

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

11,694,150

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

45.6%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Emanuele Lauro

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

OO

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

Italy

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

8,126,219

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

8,126,219

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

8,126,219

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

31.7%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

IN

 

CUSIP No.

G4511M 108

 

 

1.

NAME OF REPORTING PERSONS

 

 

Annalisa Lolli-Ghetti

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) [_]

 

 

(b) [X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

OO

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

Italy

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

15,493,010

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

15,493,010

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

 

15,493,010

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

[_]

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

60.4%

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

IN

 

CUSIP No.

G4511M 108

 

 

Item 1.

Security and Issuer.

 

 

 

This Amendment No. 5 to the Schedule 13D that was originally filed on December 21, 2018 relates to the common stock, par value $0.01 per share (the “Common Shares”), of Hermitage Offshore Services Ltd. (formerly Nordic American Offshore Ltd.), a corporation formed under the laws of Bermuda (the “Issuer”), having its principal executive offices at LOM Building, 27 Reid Street, Hamilton HM 11, Bermuda. As of December 20, 2019, the Issuer had 25,661,915 Common Shares outstanding.

 

 

 

Item 2.

Identity and Background.

 

 

Item 2 of the Schedule 13D/A that was filed on November 22, 2019 is hereby amended and restated in its entirety as follows:

 

 

This Schedule 13D is being filed on behalf of the following:

Scorpio Holdings Limited, a corporation formed under the laws of the Republic of the Marshall Islands (“Scorpio Holdings”);

Scorpio Services Holding Limited, a corporation formed under the laws of the Republic of the Marshall Islands (“SSH”), and a wholly-owned subsidiary of Scorpio Holdings;

Scorpio Services Holding Two Limited, a corporation formed under the laws of the Republic of the Marshall Islands (“SSHT”);

Culky Investments Inc., a corporation formed under the laws of the Republic of the Marshall Islands (“Culky”);

Scorpio Offshore Holding Inc., a corporation formed under the laws of the Republic of the Marshall Islands (“SOHI”), and a joint subsidiary of SSH, SSHT and Culky;

Scorpio Offshore Investments Inc., a corporation formed under the laws of the Republic of the Marshall Islands (“SOI”), and a wholly-owned subsidiary of SSHT;

Emanuele Lauro (“Mr. Lauro”), the sole shareholder of Culky; and

Annalisa Lolli-Ghetti, the majority shareholder of Scorpio Holdings and SSHT (“Ms. Lolli-Ghetti”, and together with Scorpio Holdings, SSH, SSHT, Culky, SOHI, SOI, and Mr. Lauro, the “Reporting Persons”).

Ms. Lolli-Ghetti may be deemed the beneficial owner of 60.4% of the Issuer’s outstanding Common Shares; SOHI, Culky and Mr. Lauro may be deemed the beneficial owners of 31.7% of the Issuer’s outstanding Common Shares; SOI may be deemed the beneficial owner of 13.9% of the Issuer’s outstanding Common Shares; SSHT may be deemed the beneficial owner of 45.6% of the Issuer’s outstanding Common Shares; and Scorpio Holdings and SSH may be deemed the beneficial owners of 46.5% of the Issuer’s outstanding Common Shares.

The principal business of Scorpio Holdings is acting as a holding company for SSH and certain other companies. The principal business of SSH is the provision of administrative services relating to the ownership and operation of vessels. The principal business of SOI, SOHI and Culky is investing in the offshore industry. The principal business of SSHT is investing in, owning and operating (via subsidiaries) vessels, including offshore vessels.

The principal business address and principal office address of each of the Reporting Persons is 9, Boulevard Charles III, MC 98000, Monaco.

The identity, present principal occupation/employment, citizenship and business address of the executive officers, directors, and controlling persons of the Reporting Persons, other than Ms. Lolli-Ghetti for whom such information is provided elsewhere herein, (together, the “Principals”) is set forth below.

  

Name

 

Principal Occupation and Employment(1)

 

Citizenship

 

Emanuele Lauro

 

Director and Chief Executive Officer of Scorpio Holdings, SSHT, SSH, the Issuer, Scorpio Tankers Inc., Scorpio Bulkers Inc. and other entities within the Scorpio group of companies, and Director and Secretary of SOHI.

 

Italy

 

Robert Bugbee

 

Director and President of Scorpio Holdings, SSHT, SSH, the Issuer, Scorpio Tankers Inc., Scorpio Bulkers Inc. and other entities within the Scorpio group of companies, and Director of SOHI.

 

Britain

 

Cameron Mackey

 

Director and Chief Operating Officer of Scorpio Holdings, SSHT, SSH, the Issuer, Scorpio Tankers Inc. and other entities within the Scorpio group of companies, and Chief Operating Officer of Scorpio Bulkers Inc.

 

USA

 

Filippo Lauro

 

Director and Vice President of Scorpio Holdings, SSHT, SSH and other entities within the Scorpio group of companies, and Vice President of the Issuer, Scorpio Bulkers Inc. and Scorpio Tankers Inc.

 

Italy

 

Brian Lee

 

Chief Financial Officer of Scorpio Holdings, SSHT, SSH, Scorpio Tankers Inc. and other entities within the Scorpio group of companies.

 

USA

 

Rosada Guglielmi

 

Director and Secretary of Culky, SOI and other entities within the Scorpio group of companies.

 

Italy

 

(1)  The business address of the Principals, Scorpio Tankers Inc., Scorpio Bulkers Inc. and other entities within the Scorpio group of companies is 9, Boulevard Charles III, MC 98000, Monaco.

 

 

 

The Reporting Persons, and, to the best of their knowledge, the Principals, have not, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

 

 

 

The Reporting Persons, and, to the best of their knowledge, the Principals, have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

 

Item 3 of the Schedule 13D/A that was filed on November 22, 2019 is hereby amended to include the following:

 

 

On November 25, 2019, SSH acquired an aggregate of 15,647 Common Shares in open market transactions and on December 20, 2019, SSH acquired 1,651,201 Common Shares at $1.11334 per share in connection with the Issuer’s exercise of a portion of the Equity Line of Credit. SSH used funds from working capital for these purchases of Common Shares.

 

 

 

Item 4.

Purpose of Transaction.

 

 

There are no material changes from the Schedule 13D/A that was filed on November 22, 2019.

 

 

 

Item 5.

Interest in Securities of the Issuer.

 

 

Item 5 of the Schedule 13D/A that was filed on November 22, 2019 is hereby amended and restated in its entirety as follows:

 

(a, b)

As of the date of this filing:

 

Ms. Lolli-Ghetti may be deemed the beneficial owner of 15,493,010 Common Shares, representing approximately 60.4% of the Issuer’s outstanding Common Shares. Ms. Lolli-Ghetti has the shared power to vote and dispose of these Common Shares.

 

SSHT may be deemed the beneficial owner of 11,694,150 Common Shares, representing approximately 45.6% of the Issuer’s outstanding Common Shares. SSHT and Ms. Lolli-Ghetti have the shared power to vote and dispose of these Common Shares.

 

Scorpio Holdings and SSH may be deemed the beneficial owners of 11,925,079 Common Shares, representing approximately 46.5% of the Issuer’s outstanding Common Shares. Scorpio Holdings, SSH and Ms. Lolli-Ghetti have the shared power to vote and dispose of these Common Shares.

 

SOHI, Culky and Mr. Lauro may be deemed the beneficial owners of 8,126,219 Common Shares, representing approximately 31.7% of the Issuer’s outstanding Common Shares. SOHI, SSH, Culky, Scorpio Holdings, Mr. Lauro, SSHT and Ms. Lolli-Ghetti have the shared power to vote and dispose of these Common Shares.

 

SOI may be deemed the beneficial owner of 3,567,931 Common Shares, representing approximately 13.9% of the Issuer’s outstanding Common Shares. SOI, SSHT and Ms. Lolli-Ghetti have the shared power to vote and dispose of these Common Shares.

 

As of the date of this filing, the Principals (other than Mr. Lauro for whom such information is provided elsewhere herein) may be deemed to be the beneficial owners of an aggregate of 100,000 Common Shares with the sole power to vote and dispose of the Common Shares that each Principal respectively owns.

 

 

(c)

To the best of the Reporting Persons’ knowledge, transactions in the Common Shares effected by the Reporting Persons during the past 60 days and not previously reported are set forth on Exhibit A to this Amendment No. 5 to the Schedule 13D that was originally filed on December 21, 2018.

 

 

(d)

No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Common Shares beneficially owned by the Reporting Persons or the Principals.

 

 

(e)

Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

 

 

There are no material changes from the Schedule 13D/A that was filed on November 22, 2019.

 

 

 

Item 7.

Material to be Filed as Exhibits.

 

 

There are no material changes from the Schedule 13D/A that was filed on November 22, 2019. 

 

EMANUELE LAURO*

 

 

 

By:

/s/ Emanuele Lauro

 

Name:

Emanuele Lauro 

 

 

 

 

ANNALISA LOLLI-GHETTI*

 

 

 

By:

/s/Annalisa Lolli-Ghetti

 

Name:

Annalisa Lolli-Ghetti

 

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

Date of
Transaction

Number of Common Shares
Purchased/(Sold)

 

 

   

November 25, 2019

15,647

$1.55

December 20, 2019

1,651,201

$1.11334