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  5. Ocean Options, Inc.

Ocean Options, Inc.

Company Details

Name: Ocean Options, Inc.
Jurisdiction: Rhode Island
Entity type: Foreign Corporation
Status: Revoked Entity
Date of Organization in Rhode Island: 07 Apr 1999 (26 years ago)
Date of Dissolution: 18 Oct 2019 (6 years ago)
Date of Status Change: 18 Oct 2019 (6 years ago)
Identification Number: 000105769
ZIP code: 02878
County: Newport County
Place of Formation: MASSACHUSETTS
Principal Address: 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878, USA
Purpose: WHOLESALE - RETAIL DISTRIBUTOR OF MARINE EQUIPMENT.

Industry & Business Activity

NAICS

441222 Boat Dealers

This U.S. industry comprises establishments primarily engaged in (1) retailing new and/or used boats or retailing new boats in combination with activities, such as repair services and selling replacement parts and accessories, and/or (2) retailing new and/or used outboard motors, boat trailers, marine supplies, parts, and accessories. Learn more at the U.S. Census Bureau

Companies doing Boat dealers

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
OCEAN OPTIONS, INC. 401(K) PLAN 2022 042870754 2023-10-12 OCEAN OPTIONS, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2023-10-12
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2021 042870754 2022-10-14 OCEAN OPTIONS, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2022-10-14
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2020 042870754 2021-10-12 OCEAN OPTIONS, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2021-10-12
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2019 042870754 2020-10-14 OCEAN OPTIONS, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2020-10-14
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2018 042870754 2019-10-15 OCEAN OPTIONS, INC. 12
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2019-10-15
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2018 042870754 2020-10-14 OCEAN OPTIONS, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2020-10-14
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2017 042870754 2018-10-09 OCEAN OPTIONS, INC. 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2018-10-09
Name of individual signing RON BESSE
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2016 042870754 2017-07-06 OCEAN OPTIONS, INC. 14
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2017-07-06
Name of individual signing MICHELE CAIN
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2015 042870754 2016-10-12 OCEAN OPTIONS, INC. 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2016-10-12
Name of individual signing MICHELE CAIN
Valid signature Filed with authorized/valid electronic signature
OCEAN OPTIONS, INC. 401(K) PLAN 2014 042870754 2015-10-28 OCEAN OPTIONS, INC. 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2015-10-28
Name of individual signing VERONICA WASHER
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2014/06/17/20140617082156P030453721553001.pdf
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2014-06-17
Name of individual signing VERONICA WASHER
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2013/06/14/20130614110516P030330212913001.pdf
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2013-06-14
Name of individual signing VERONICA WASHER
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2012/06/07/20120607143625P040031315490001.pdf
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 042870754
Plan administrator’s name OCEAN OPTIONS, INC.
Plan administrator’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Administrator’s telephone number 4016247334

Signature of
Role Plan administrator
Date 2012-06-07
Name of individual signing CAROLYN LOCKWOOD
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2011/07/15/20110715101403P040096673473001.pdf
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 042870754
Plan administrator’s name OCEAN OPTIONS, INC.
Plan administrator’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Administrator’s telephone number 4016247334

Signature of
Role Plan administrator
Date 2011-07-15
Name of individual signing CAROLYN LOCKWOOD
Valid signature Filed with authorized/valid electronic signature
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s mailing address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 042870754
Plan administrator’s name OCEAN OPTIONS, INC
Plan administrator’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Administrator’s telephone number 4016247334

Number of participants as of the end of the plan year
Active participants 17
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 7
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 20
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 0

Signature of
Role Plan administrator
Date 2010-10-15
Name of individual signing SHERI PAIVA
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2010/10/15/20101015145452P030029362801001.pdf
Three-digit plan number (PN) 001
Effective date of plan 1998-01-01
Business code 238220
Sponsor’s telephone number 4016247334
Plan sponsor’s mailing address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Plan sponsor’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 042870754
Plan administrator’s name OCEAN OPTIONS, INC
Plan administrator’s address 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878
Administrator’s telephone number 4016247334

Number of participants as of the end of the plan year
Active participants 17
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 7
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 20
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 0

Signature of
Role Plan administrator
Date 2010-10-15
Name of individual signing SHERI PAIVA
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
MICHAEL J. BOWDEN Agent 95 RIVERSIDE DRIVE, TIVERTON, RI, 02878, USA

PRESIDENT

Name Role Address
MICHAEL J BOWDEN PRESIDENT 95 RIVERSIDE DRIVE TIVERTON, RI 02878- USA

DIRECTOR

Name Role Address
PAULINE A BOWDEN DIRECTOR 95 RIVERSIDE DR. TIVERTON, RI 02878 USA

Filings

Number Name File Date
201924569590 Revocation Certificate For Failure to File the Annual Report for the Year 2019-10-18
201907018910 Revocation Notice For Failure to File An Annual Report 2019-07-24
201878598060 Annual Report 2018-10-01
201875477160 Revocation Notice For Failure to File An Annual Report 2018-08-24
201738385140 Annual Report 2017-03-22
201695971510 Annual Report 2016-04-15
201564458670 Annual Report 2015-07-07
201436345130 Annual Report 2014-02-27
201312135390 Annual Report 2013-02-20
201293536030 Annual Report 2012-05-30

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5950828301 2021-01-26 0165 PPS 95 Riverside Dr, Tiverton, RI, 02878-4317
Loan Status Date 2021-07-23
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 148655
Loan Approval Amount (current) 148655
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65657
Servicing Lender Name BankNewport
Servicing Lender Address 10 Washington Sq, NEWPORT, RI, 02840-2948
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Tiverton, NEWPORT, RI, 02878-4317
Project Congressional District RI-01
Number of Employees 7
NAICS code 336612
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 65657
Originating Lender Name BankNewport
Originating Lender Address NEWPORT, RI
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 149269.98
Forgiveness Paid Date 2021-06-29
5189667010 2020-04-05 0165 PPP 95 Riverside Drive, TIVERTON, RI, 02878-4317
Loan Status Date 2021-04-21
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 105000
Loan Approval Amount (current) 105000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65657
Servicing Lender Name BankNewport
Servicing Lender Address 10 Washington Sq, NEWPORT, RI, 02840-2948
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address TIVERTON, NEWPORT, RI, 02878-4317
Project Congressional District RI-01
Number of Employees 8
NAICS code 441222
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 65657
Originating Lender Name BankNewport
Originating Lender Address NEWPORT, RI
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 106018.36
Forgiveness Paid Date 2021-04-08

Court Cases

Docket Number Nature of Suit Filing Date Disposition
1000500 Marine Personal Injury 2010-12-14 voluntarily
Circuit First Circuit
Origin original proceeding
Jurisdiction federal question
Jury Demand Defendant demands jury
Demanded Amount 0
Termination Class Action Missing
Procedural Progress other
Nature Of Judgment no monetary award
Judgement missing
Arbitration On Termination Missing
Office 1
Filing Date 2010-12-14
Termination Date 2011-06-10
Date Issue Joined 2011-02-16
Section 1333
Status Terminated

Parties
Name CONTINENTAL CASUALTY COMPANY
Role Plaintiff
Name Ocean Options, Inc.
Role Defendant

Related by officers

No related officers

Related by address

95 RIVERSIDE DRIVE, TIVERTON, RI, 02878, USA

Anthony Point Marine, Inc. Mark S. Perry, Inc. Anthony Point Realty, Inc.

Date of last update: 09 Apr 2025

Sources: Rhode Island Department of State

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