UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): December 9, 2005
GULF ISLAND FABRICATION, INC.
(Exact name of registrant as specified in its charter)
Louisiana 0-22303 72-1147390
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) 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)
Not applicable
(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 obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| 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 (17CFR 240.13e-4(c))
Item 1.01 Other Events.
On December 9, 2005, the Compensation Committee of the Company's Board of
Directors granted restricted stock awards to certain officers and employees,
including the following awards to the Named Executive Officers:
Shares of
Restricted
Stock Awarded
Name and Principal Position Shares
------------------------------------------------------------------------
Kerry J. Chauvin 6,700
Chairman of the Board, President
and Chief Executive Officer
Kirk J. Meche 3,350
Executive Vice-President--Operations
President Gulf Island, L.L.C.
(fabrication subsidiary)
Murphy A. Bourke 2,300
Executive Vice-President--Marketing
Joseph P. Gallagher, III 2,300
Vice-President--Finance and Chief
Financial Officer and Treasurer
The restricted stock awards were made pursuant to the Company's 2002
Long-Term Incentive Plan, and are subject to the terms and conditions of that
plan and the Restricted Stock Agreements. The awards will vest in 20% annual
increments on the anniversaries of the date of grant, with the first vesting
occurring on the first anniversary of the date of grant
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 hereunto duly authorized.
GULF ISLAND FABRICATION, INC.
By: /s/ Joseph P. Gallagher, III
-------------------------------------
Joseph P. Gallagher, III
Vice President - Finance,
Chief Financial Officer
and Treasurer
(Principal Financial Officer
and Duly Authorized Officer)
Dated: December 15, 2005