UNITED STATES
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
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Date of Report (Date of earliest event reported): October 2, 2007
Gulf Island Fabrication, Inc.
(Exact name of registrant as specified in its charter)
Louisiana 0-22303 72-1147390
(State of incorporation) (Commission File Number) (IRS Employer
Identification No.)
583 Thompson Road, Houma, Louisiana 70363
(Address of principal executive offices) (Zip Code)
(985) 872-2100
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors:
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b, c and e) On October 2, 2007, Joseph P. "Duke" Gallagher stepped down as the
Vice President - Finance, Chief Financial Officer and Treasurer of Gulf Island
Fabrication, Inc. (the "Company"). Mr. Gallagher will remain employed by the
Company until November 15, 2007 (the "Termination Date"). On the Termination
Date, the Company has agreed to pay Mr. Gallagher a severance payment of
$31,668.68, and he will also remain eligible to receive a performance bonus for
fiscal year 2007, at such time as bonus awards are made to other officers of the
Company. Attached as Exhibit 99.1 is a copy of the press release issued by the
Company.
Effective October 2, 2007, the Company appointed Robin A. Seibert, age
50, as its new Vice President - Finance, Chief Financial Officer and Treasurer.
Mr. Seibert previously served as the Company's Controller from December 1997
until October 2, 2007 and its Secretary from August 2002 until October 2, 2007.
He has also been the Company's Chief Accounting Officer since December 2000. In
connection with Mr. Seibert's appointment, his base salary was increased to
$190,000 and he is now eligible to participate in the Company's executive bonus
program.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated October 2, 2007
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.
GULF ISLAND FABRICATION, INC.
By: /s/ Robin A. Seibert
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Robin A. Seibert
Vice President - Finance,
Chief Financial Officer
and Treasurer
Dated: October 5, 2007