<SEC-DOCUMENT>0001157523-12-001173.txt : 20120301
<SEC-HEADER>0001157523-12-001173.hdr.sgml : 20120301
<ACCEPTANCE-DATETIME>20120301094802
ACCESSION NUMBER:		0001157523-12-001173
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120224
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20120301
DATE AS OF CHANGE:		20120301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULF ISLAND FABRICATION INC
		CENTRAL INDEX KEY:			0001031623
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		IRS NUMBER:				721147390
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34279
		FILM NUMBER:		12655787

	BUSINESS ADDRESS:	
		STREET 1:		GULF ISLAND FABRICATION INC
		STREET 2:		583 THOMPSON RD
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361
		BUSINESS PHONE:		5048722100

	MAIL ADDRESS:	
		STREET 1:		P O BOX 310
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50188877.htm
<DESCRIPTION>GULF ISLAND FABRICATION, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2012 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt">UNITED STATES</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt">Washington,
      D.C. 20549</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 10%">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt">Pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934</font>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 25%">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">Date of
      Report </font><i><font style="font-family: Times New Roman; font-size: 12pt">(Date
      of earliest event reported)</font></i><font style="font-family: Times New Roman; font-size: 12pt">:
      February 24, 2012</font>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt"><b>Gulf Island Fabrication, Inc.</b></font><br><i><font style="font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font></i><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Louisiana
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 34%; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            001-34279
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 33%; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            72-1147390
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(State of incorporation)</i>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(Commission File Number)</i>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(IRS Employer Identification No.)</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          567 Thompson Road, Houma, Louisiana
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 50%; white-space: nowrap" valign="top">
          70363
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          <i>(Address of principal executive offices)</i>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          <i>(Zip Code)</i>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <br>
      (985) 872-2100<br><i>(Registrant's telephone number, including area code)</i><br><br>N/A<br><i>(Former
      name or former address, if changed since last report)</i>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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</font>:
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">
      <b>Item 5.02 Departure of Directors or Certain Officers; Election of
      Directors; Appointment of Certain Officers; Compensatory Arrangements of
      Certain Officers.</b>
    </p>
    <p style="text-align: justify">
      (b) &#160;&#160;&#160;&#160;&#160;&#160;On February 24, 2012, Alden J. &#8220;Doc&#8221; Laborde notified the
      Board of Directors of Gulf Island Fabrication, Inc. (the &#8220;Company&#8221;) of
      his desire to retire from the Board and, accordingly, that he will not
      stand for re-election as a director at the 2012 annual meeting of
      shareholders. Mr. Laborde&#8217;s retirement will be effective at the 2012
      annual meeting of shareholders.
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      (e) &#160;&#160;&#160;&#160;&#160;&#160;On February 24, 2012, the Board of Directors of Company,
      following the recommendation of the Compensation Committee, approved an
      executive safety incentive bonus (&#8220;Safety Bonus&#8221;) for the Chief
      Executive Officer of the Company, the President of the Company and the
      president of each of the Company&#8217;s subsidiaries for fiscal year
      2012.&#160;&#160;The Safety Bonus is based on the safety performance of the
      Company, with 50% of the Safety Bonus based on the level of lost time
      accidents and the other 50% based on the Company&#8217;s total recordable
      incident rate.&#160;&#160;Pursuant to the Safety Bonus, each of the officers
      listed above is eligible for a potential bonus of 20% of the officer&#8217;s
      annual base salary.&#160;&#160;In the event of a fatality, no Safety Bonus will be
      paid for such fiscal year.&#160;&#160;The Safety Bonus is in addition to the
      existing executive annual incentive compensation program available to
      the Company&#8217;s officers, which is based on the Company&#8217;s consolidated
      income before taxes.&#160;&#160;
    </p>
    <p>
      <br>
      <br>
      <br>

    </p>
    <p style="text-align: center">
      <b>SIGNATURE</b><br>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
    <p style="text-indent: 30.0px">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>GULF ISLAND FABRICATION, INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 51%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 6%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 39%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 4%" valign="top">
          By:
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 51%; border-bottom: solid black 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Kerry J. Chauvin
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 51%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Kerry J. Chauvin
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 51%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chairman of the Board and Chief Executive Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 51%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 39%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            March 1, 2012
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">

        </td>
      </tr>
    </table>
    </div>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
