false000103162300010316232024-05-162024-05-16

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): May 16, 2024

Gulf Island Fabrication, Inc.

(Exact name of registrant as specified in its charter)

 

Louisiana

001-34279

72-1147390

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

2170 Buckthorne Place, Suite 420

The Woodlands, Texas 77380

(Address of principal executive offices) (Zip Code)

(713) 714-6100

(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:

 

☐ 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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value per share

GIFI

NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

Gulf Island Fabrication, Inc. (the “Company”) held its 2024 annual meeting of shareholders on May 16, 2024, virtually via a live audio webcast. At the 2024 annual meeting, the Company’s shareholders (1) elected Robert M. Averick, William E. Chiles, Richard W. Heo, Michael J. Keeffe, Cheryl D. Richard and Jay R. Troger to serve as directors of the Company for terms expiring at the next annual meeting of shareholders in 2025 and until his or her successor is duly elected and qualified; (2) approved, on an advisory basis, the compensation of the Company’s named executive officers; and (3) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year.

Of the 16,197,031 shares of the Company’s common stock outstanding as of the record date, 13,277,198 shares were represented in person, including being deemed present by means of remote communication, or by proxy at the 2024 annual meeting. The inspector of election reported the final vote of shareholders as follows:

 

Proposal No. 1: Election of each of the six director nominees.

 Name

For

 

Against

 

Abstain

 

Broker Non-Votes

Robert M Averick

 

10,574,695

 

233,859

 

94,145

 

2,374,499

William E. Chiles

 

10,745,506

 

87,753

 

69,440

 

2,374,499

Richard W. Heo

 

10,741,269

 

86,253

 

75,177

 

2,374,499

Michael J. Keeffe

 

10,745,119

 

88,753

 

68,827

 

2,374,499

Cheryl D. Richard

10,676,417

 

156,842

 

69,440

 

2,374,499

Jay R. Troger

 

10,646,032

 

187,840

 

68,827

 

2,374,499

 

Proposal No. 2: Approval, on an advisory basis, of the compensation of the Company’s named executive officers.

For

 

Against

 

Abstain

 

Broker Non-Votes

10,682,566

 

199,999

 

20,134

 

2,374,499

Proposal No. 3: Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024.

For

 

Against

 

Abstain

13,221,548

 

49,437

 

6,213

 

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/ Westley S. Stockton

 

Westley S. Stockton

 

Executive Vice President, Chief Financial Officer, Treasurer and Secretary (Principal Financial Officer and Principal Accounting Officer)

Dated:

May 16, 2024

 

 

v3.24.1.1.u2
Document and Entity Information
May 16, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 16, 2024
Entity Registrant Name Gulf Island Fabrication, Inc.
Entity Central Index Key 0001031623
Entity Emerging Growth Company false
Entity File Number 001-34279
Entity Incorporation, State or Country Code LA
Entity Tax Identification Number 72-1147390
Entity Address, Address Line One 2170 Buckthorne Place
Entity Address, Address Line Two Suite 420
Entity Address, City or Town The Woodlands
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77380
City Area Code 713
Local Phone Number 714-6100
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, no par value per share
Trading Symbol GIFI
Security Exchange Name NASDAQ
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