<SEC-DOCUMENT>0001140361-25-041155.txt : 20251107
<SEC-HEADER>0001140361-25-041155.hdr.sgml : 20251107
<ACCEPTANCE-DATETIME>20251107160538
ACCESSION NUMBER:		0001140361-25-041155
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251107
DATE AS OF CHANGE:		20251107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULF ISLAND FABRICATION INC
		CENTRAL INDEX KEY:			0001031623
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				721147390
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34279
		FILM NUMBER:		251462610

	BUSINESS ADDRESS:	
		STREET 1:		2170 BUCKTHORNE PL
		STREET 2:		SUITE 420
		CITY:			THE WOODLANDS
		STATE:			TX
		ZIP:			77380
		BUSINESS PHONE:		713-714-6123

	MAIL ADDRESS:	
		STREET 1:		2170 BUCKTHORNE PL
		STREET 2:		SUITE 420
		CITY:			THE WOODLANDS
		STATE:			TX
		ZIP:			77380
</SEC-HEADER>
<DOCUMENT>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">SCHEDULE 14A</div>
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      <div style="text-align: center; color: rgb(0, 0, 0);">Proxy Statement Pursuant to Section 14(a) of the Securities</div>
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      <div style="text-align: center; color: rgb(0, 0, 0);">Exchange Act of 1934 (Amendment No.&#160; &#160; &#160; &#160; &#160;&#160; )</div>
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      <div style="color: #000000;">Filed by the Registrant &#9746;</div>
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      <div style="color: rgb(0, 0, 0);">Filed by a Party other than the Registrant &#9744;</div>
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              <div style="color: rgb(0, 0, 0);">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
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              <div style="color: rgb(0, 0, 0);">Definitive Proxy Statement</div>
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              <div style="color: rgb(0, 0, 0);">Definitive Additional Materials</div>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-size: 24pt;">GULF ISLAND FABRICATION, INC.</div>
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            <div style="text-align: center; color: rgb(0, 0, 0);">(Name of Registrant as Specified In Its Charter)</div>
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            <div style="text-align: center; color: rgb(0, 0, 0);">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
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      <div style="color: #000000;">Payment of Filing Fee (Check all boxes that apply):</div>
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              <div style="color: rgb(0, 0, 0);">No fee required</div>
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              <div style="color: rgb(0, 0, 0);">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</div>
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    <div style="font-style: italic;">The following e-mail was sent by Richard W. Heo, President and Chief Executive Officer of Gulf Island Fabrication, Inc. (the &#8220;Company&#8221;), to the Company&#8217;s employees on November 7, 2025.</div>
    <div>&#160;</div>
    <div><font style="font-weight: bold;"> Acquistion of Gulf Island by IES Holdings</font><br>
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    <div style="text-align: justify;">Gulf Island Employees:</div>
    <div>&#160;</div>
    <div>Today marks another important milestone for our Company.&#160; This morning, we announced an agreement to be acquired by IES Holdings, Inc. (&#8220;IES&#8221;) (NASDAQ: IESC).&#160; Subject to customary regulatory and shareholder approvals associated with a transaction
      of this kind, we expect the acquisition to be completed during the first quarter 2026, at which time Gulf Island will become a wholly owned subsidiary of IES.&#160; Additional details regarding the transaction may be read in the investor relations section
      of our website at https://gulfisland.com.</div>
    <div>&#160;</div>
    <div>With over 10,000 employees that serve customers across the U.S., IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers,
      residential housing, and commercial and industrial facilities.&#160; IES is focused on expanding its custom engineered and infrastructure solutions business, and our fabrication and services offerings are an ideal fit to help further this strategy.</div>
    <div>&#160;</div>
    <div>This proposed transaction provides a strong strategic and cultural fit for the combined companies.&#160; Our customers and employees will benefit from IES&#8217;s strategic resources, industry expertise and financial strength, which will help us accelerate
      our progress towards our strategic goals and provide enhanced opportunities for all our employees.</div>
    <div>&#160;</div>
    <div>Additionally, our location in Houma offers a strategic complement to IES&#8217;s footprint and will expand its capabilities to deliver steel structures that support the building and rebuilding of U.S. infrastructure.&#160; Most importantly, IES shares our
      focus on safety, quality and execution, and intends to invest in our workforce and facilities to expand capabilities and capacity, creating more opportunities for our team.</div>
    <div>&#160;</div>
    <div>Several years ago, we embarked on a path to diversify our business, expand our skilled workforce and pursue new growth markets.&#160; We have made tremendous progress against these goals, which would not have been possible without the hard work and
      dedication of our team members across the organization.&#160; This transaction is another important step in this journey.</div>
    <div>&#160;</div>
    <div>Announcements such as these will prompt many questions and additional information will be provided as we make progress towards completing the transaction. In the interim, our commitment to serving our customers and creating opportunities for all
      our team members won&#8217;t change. This is an exciting time for our Company and I look forward to updating you on our continued progress in the future.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-style: italic;">Richard Heo</div>
    <div style="text-align: justify;">President &amp; CEO</div>
    <div>&#160;</div>
    <div>
      <div style="color: #000000; font-weight: bold;">Additional Information and Where to Find It</div>
      <div>&#160;</div>
      <div style="color: #000000;">This communication may be deemed to be solicitation material in respect of the transaction between the Company, IES and IES Merger Sub, LLC. The Company expects to announce a special meeting of the Company&#8217;s shareholders
        as soon as practicable to obtain shareholder approval of the proposed transaction. In connection with the transaction, the Company intends to file relevant materials with the SEC, including a proxy statement in preliminary and definitive form. YOU
        ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND THE PARTIES TO THE
        TRANSACTION. You may obtain a free copy of these materials (when they are available) and other documents filed by the Company with the SEC at the SEC&#8217;s website at www.sec.gov, at the investor relations section of the Company&#8217;s website located at
        https://ir.gulfisland.com/sec-filings/all-sec-filings, or by requesting copies from the Secretary of the Company at (713) 714-6100 or 2170 Buckthorne Place, Suite 420, The Woodlands, Texas, 77380.</div>
      <div>&#160;</div>
      <div style="color: #000000; font-weight: bold;">Participants to Solicitation</div>
      <div>&#160;</div>
      <div style="color: #000000;">The directors and executive officers of Gulf Island Fabrication, Inc. and other persons, may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Gulf Island&#8217;s
        directors and executive officers is available in Gulf Island&#8217;s definitive proxy statement filed with the SEC on April 10, 2025 in connection with Gulf Island&#8217;s 2025 annual meeting of shareholders. This document can be obtained free of charge from
        the sources indicated above. Other information regarding persons who may be deemed participants in the solicitation of proxies and a description of their interests, by security holdings or otherwise, will be included in the proxy statement relating
        to the transaction (when available) and other relevant materials to be filed with the SEC.</div>
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      <div style="text-align: justify; color: #000000; font-style: italic; font-weight: bold;">Cautionary Statement on Forward-Looking Statements</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="color: #000000; font-style: italic;">The foregoing contains forward-looking statements. Forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, are all
        statements other than statements of historical facts, such as projections or expectations relating to the consummation of the proposed transaction and the realization of the anticipated benefits of the proposed transaction. The words &#8220;anticipates,&#8221;
        &#8220;may,&#8221; &#8220;can,&#8221; &#8220;plans,&#8221; &#8220;expects,&#8221; &#8220;expected,&#8221; &#8220;projects,&#8221; &#8220;targets,&#8221; &#8220;intends,&#8221; &#8220;likely,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;to be,&#8221; &#8220;proposed,&#8221; &#8220;potential&#8221; and any similar expressions are intended to identify those assertions as forward-looking statements.</div>
      <div>&#160;</div>
      <div style="color: #000000; font-style: italic;">We caution you that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking
        statements. Important factors that can cause our actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to: the occurrence of any event, change or other circumstances that could
        give rise to the termination of the merger agreement; the inability to complete the proposed transaction due to the failure to obtain the shareholder approval necessary for the proposed transaction; the failure to obtain, delays in obtaining, or
        adverse conditions contained in any required regulatory or other approvals for consummation of the proposed transaction or the failure to satisfy other conditions to completion of the proposed transaction; the failure of the proposed transaction to
        close for any other reason; risks related to disruption of management&#8217;s attention from the Company&#8217;s ongoing business operations due to the proposed transaction; the outcome of any legal proceedings, regulatory proceedings or enforcement matters
        that may be instituted against the Company and others relating to the merger agreement, proposed transaction or otherwise; the risk that the pendency of the proposed transaction disrupts current plans and operations and the potential difficulties
        in employee retention as a result of the pendency of the proposed transaction; the effect of the announcement of the proposed transaction on the Company&#8217;s relationships with its contractual counterparties, including customers, operating results and
        business generally; and the amount of the costs, fees, expenses and charges related to the proposed transaction; and other factors described under the heading &#8220;Risk Factors&#8221; in Part I, Item 1A of the Company&#8217;s Annual Report on Form 10-K for the
        fiscal year ended December 31, 2024, as updated by subsequent filings with the SEC.</div>
      <div>&#160;</div>
      <div style="color: #000000; font-style: italic;">Additional factors or risks that we currently deem immaterial, that are not presently known to us or that arise in the future could also cause our actual results to differ materially from our expected
        results. Given these uncertainties, investors are cautioned that many of the assumptions upon which our forward-looking statements are based are likely to change after the date the forward-looking statements are made, which we cannot control.
        Further, we may make changes to our plans that could affect our results. We caution investors that we undertake no obligation to publicly update or revise any forward-looking statements, which speak only as of the date made, for any reason, whether
        as a result of new information, future events or developments, changed circumstances, or otherwise, and notwithstanding any changes in our assumptions, changes in plans, actual experience or other changes.</div>
      <div>&#160;</div>
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