The following biographical information regarding Richard A. Bachmann and Rishi A. Varma amends and
restates their biographical information which appears in Trico Marine Services, Inc.’s definitive proxy
statement filed on April 28, 2010:
Richard A. Bachmann. Mr. Bachmann was appointed as the Chairman of the Board and interim Chief
Executive Officer, effective May 29, 2010. Prior to his appointment, Mr. Bachmann served as the lead
director of the Board and Chairman of the Board's Nominating and Governance Committee and as a
member of the Board's Compensation Committee. In February 1998, Mr. Bachmann founded Energy
Partners, Limited, an independent exploration and production company focused on deep water of the Gulf
of Mexico and the continental shelf, and served as its Chairman and Chief Executive Officer from
February 1998 until March 2009. In May 2009, Energy Partners, Limited filed for Chapter 11 bankruptcy
protection. From September 1995 to January 1997, he served as Director, President and Chief Operating
Officer of The Louisiana Land and Exploration Company, an independent oil and gas exploration
company. We consider Mr. Bachmann to be a qualified candidate for service on the Board due to his 41
years of executive experience in the oil and gas exploration industry.
Rishi A. Varma. Rishi A. Varma was named President of the Company effective May 29, 2010, in addition
to his current role as Chief Operating Officer. Prior to that, Mr. Varma served as our Senior Vice
President, Chief Operating Officer, General Counsel, Corporate Secretary and Director of Corporate
Governance since January 2010. Mr. Varma also served as General Counsel, Corporate Secretary and
Director of Corporate Governance from May 2005 to January 2010. In March 2007, Mr. Varma was
promoted to Chief Administrative Officer. In June 2006, Mr. Varma also became a Vice President. From
February 2003 until April 2005, Mr. Varma was Securities Counsel and Director of Corporate Governance
with EGL, Inc., an international logistics company. From February 2000 to May 2002, Mr. Varma was an
associate in the Business and Technology group of the law firm of Brobeck, Phleger and Harrison, L.P.
From August 1997 until January 2000, Mr. Varma was an associate in the corporate department of the law
firm of Rosenman & Colin, LLP.
In connection with the solicitation of proxies, on April 28, 2010, Trico filed with the
Securities and Exchange Commission (the “SEC”) and mailed to stockholders a definitive proxy
statement and a proxy card for its 2010 annual meeting of stockholders. Trico stockholders
are strongly advised to read these documents as they contain important information. Stockholders
may obtain Trico’s proxy statement, a form of proxy card and any amendments or supplements
and other documents for free at the SEC’s website at www.sec.gov. Copies of Trico’s proxy materials
will also be available for free at Trico’s website at www.tricomarine.com or by directing a request
to Trico Marine Services, Inc., 10001 Woodloch Forest Drive, Suite 610, The Woodlands, Texas 77380,
Attn: Corporate Secretary, or calling (713) 780-9926. In addition, copies may be requested by
contacting, MacKenzie Partners, Inc. at (800) 322-2885 toll-free or by email at
proxy@mackenziepartners.com. Trico and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from stockholders in connection with its 2010 annual
meeting. Detailed information regarding the names, affiliations and interests of these persons in
the solicitation of proxies is available in Trico’s definitive proxy statement. The contents of the
websites referenced above are not deemed to be incorporated by reference into Trico’s definitive
proxy statement.
PRESS RELEASE
For immediate release
TRICO MARINE GROUP APPOINTS NEW CHAIRMAN, PRESIDENT
AND INTERIM CHIEF EXECUTIVE OFFICER
THE WOODLANDS, Texas, May 29, 2010 /GLOBENEWSWIRE/ — Trico Marine Services, Inc. (NASDAQ: TRMA)
(the “
Company
” or “
Trico
”) today announced the appointment of Richard A. Bachmann
as Chairman of the Board of Directors and interim Chief Executive Officer of the Company. The
Company also announced the appointment of Rishi A. Varma as President of the Company in addition to
his current role as Chief Operating Officer. The respective appointments replace Joseph S.
Compofelice as the Company’s Chairman, President and Chief Executive Officer.
Mr. Bachmann has served as a director of the Board of Directors of the Company since 2005 and,
prior to this appointment, served as the lead director and Chairman of the Board’s Nominating and
Governance Committee. In February 1998, Mr. Bachmann founded Energy Partners, Limited, an
independent exploration and production company focused on deep water of the Gulf of Mexico and the
continental shelf, and served as its Chairman and Chief Executive Officer from February 1998 until
March 2009.
Mr. Varma joined Trico in May 2005 as Trico’s General Counsel, Corporate Secretary and Director of
Corporate Governance, and has since held positions of increasing responsibility. Mr. Varma became a
Vice President in June 2006 and was appointed Chief Administrative Officer in March 2007. He was
appointed to Senior Vice President and Chief Operating Officer in December 2009. From February
2003 until April 2005, Mr. Varma was Securities Counsel and Director of Corporate Governance with
EGL, Inc., an international logistics company. From February 2000 to May 2002, Mr. Varma was an
associate in the Business and Technology group of the law firm of Brobeck, Phleger and Harrison,
L.P. From August 1997 until January 2000, Mr. Varma was an associate in the corporate department of
the law firm of Rosenman & Colin, LLP.
About Trico Marine Group
The Trico Marine Group is an integrated provider of subsea, trenching and marine support vessels
and services. Trico’s towing and supply division provides a broad range of marine support
services to the oil and gas industry through use of its diversified fleet of vessels including the
transportation of drilling materials, supplies and crews to drilling rigs and other offshore
facilities; towing drilling rigs and equipment, and support for the construction, installation,
repair and maintenance of offshore facilities. Trico’s subsea services and trenching/installation
divisions control a well equipped fleet of vessels and operate a fleet of modern ROVs and trenching
and other subsea protection equipment. The Trico Marine Group is headquartered in The Woodlands,
Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and
Southeast Asia.