Jorey Chernett Files 13D Urging Sale or Asset Monetization of SEACOR Marine Holdings

On June 22, 2026, private investor Jorey Chernett filed a Schedule 13D reporting a 7.19% stake in SEACOR Marine Holdings Inc. (SMHI), representing 1,946,963 shares. This filing marks a transition from a passive Schedule 13G to an active 13D position. Chernett, identifying as the company's largest shareholder, delivered a letter to the Board of Directors criticizing the "severe, structural value dislocation" between the current stock price (~$6.68) and the estimated Net Asset Value (NAV) of over $20.00 per share. The filer urges the Board to explore strategic alternatives, including an outright sale of the company or a structured monetization of assets. Specific recommendations include aggressively reducing G&A expenses, selling or relocating premium liftboats in the Middle East, and extinguishing debt to stop the "unsustainable" interest expense of $100,000 per day. Chernett believes the public market is punishing the stock due to negative free cash flow and high corporate overhead, and suggests the Board retain an independent financial advisor to maximize shareholder value.