FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December 2006
Commission File Number 000-51141
DRYSHIPS INC.
80 Kifissias Avenue
Amaroussion 15125, Athens Greece
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ___
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): ______________.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Included in this Report on Form 6-K as Exhibit 1 is the press release issued by
DryShips Inc. ("the Company") on November 22, 2006 announcing the appointment of
the Company's new Chief Financial Officer and member of its board of directors.
This Report on Form 6-K is hereby incorporated by reference into the Company's
Registration Statement on Form F-3/A filed on May 3, 2006 (Registration No. 333-
133482).
Exhibit 1
DryShips Inc. Announces the Appointment of New Chief Financial Officer and
Member to its Board of Directors
November 22, 2006, Athens, Greece. DryShips Inc. (NASDAQ: DRYS), a global
provider of marine transportation services for drybulk cargoes, announced today
that Gregory Zikos was appointed as the Company's new Chief Financial Officer
and as a member to the Company's Board of Directors.
Gregory Zikos over the last two years has been responsible for structured
finance transactions in a leading Greek construction firm. Mr. Zikos has four
years' experience in the Investment Banking Division of Citigroup, London. Prior
to that he practiced shipping law in Greece representing numerous shipping
companies and financial institutions in ship finance transactions. Mr. Zikos
holds an MBA from Cornell Business School, a Masters in Maritime Law (L.L.M)
from King's College (University of London) and a Bachelor of Laws from the Law
School of the University of Athens.
George Economou, the Company's Chairman and Chief Executive Officer, commented:
"We are delighted to welcome Mr. Gregory Zikos as our new Chief Financial
Officer and as a member to our Board of Directors. We are confident that he will
make a significant contribution to our company".
About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers
that operate worldwide. As of the day of this release, DryShips owns a fleet of
36 drybulk carriers consisting 4 Capesize, 27 Panamax, 3 Handymax and 2
newbuilding Panamax vessels, with a combined deadweight tonnage of approximately
2.9 million.
DryShips Inc.'s common stock is listed on NASDAQ Global Market where it trades
under the symbol "DRYS".
Forward-Looking Statement
Matters discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to future
events and financial performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts.
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical operating
trends, data contained in our records and other data available from third
parties. Although DryShips Inc. believes that these assumptions were reasonable
when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, DryShips Inc. cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
changes in charterhire rates and vessel values, changes in demand that may
affect attitudes of time charterers to scheduled and unscheduled drydocking,
changes in DryShips Inc.'s operating expenses, including bunker prices,
dry-docking and insurance costs, or actions taken by regulatory authorities,
potential liability from pending or future litigation, domestic and
international political conditions, potential disruption of shipping routes due
to accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by DryShips Inc.
with the US Securities and Exchange Commission.
Visit our website at www.dryships.com
Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com
SIGNATURES
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, thereunto duly authorized.
DryShips Inc.
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(Registrant)
Dated: December 7, 2006 By: /s/ Gregory Zikos
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Gregory Zikos
Chief Financial Officer
SK 23113 0002 728658