SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): July 30, 2003
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Maritrans Inc.
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(Exact Name of Registrant Specified in Charter)
Delaware 1-9063 51-0343903
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(State or Other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification No.)
Incorporation)
Two Harbour Place
302 Knights Run Road
Tampa, Florida 33602
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (813) 209-0600
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99.1 Press Release, dated July 30, 2003, issued by Maritrans Inc.
Item 12. Disclosure of Results of Operations and Financial Condition.
On July 30, 2003, Maritrans Inc. issued a press release announcing its second
quarter 2003 financial results. The press release is being furnished with this
Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated herein by
reference. This report (including the exhibit) shall not be deemed to be "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, nor shall it be incorporated by reference in any filing made by the
Registrant pursuant to the Securities Act of 1933, as amended, other than to the
extent that such filing incorporates by reference any or all of such information
by express reference thereto.
Use of Non-GAAP Financial Information
The press release contains a presentation of TCE revenue, which is a non-GAAP
financial measure. A presentation of revenue, which is the most comparable GAAP
measure to TCE revenue, is contained in the press release, as well as a
reconciliation of TCE revenue to revenue. The Company's management believes that
the presentation of TCE revenue provides useful information regarding the
Company's financial condition and results of operation because TCE revenue
essentially nets the voyage costs and voyage revenue to yield a measure that is
comparable between periods regardless of the types of charters utilized.
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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.
MARITRANS INC.
By: Walter T. Bromfield
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Walter T. Bromfield
Chief Financial Officer
Dated: July 31, 2003
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Exhibit Index
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Exhibit
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99.1 Press Release, dated July 30, 2003, issued by Maritrans Inc.