-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SQcTJfa818B+vRZLIXGbOrkK3n20EO0CDxMbJoMyADkptXfsvI69LlaevAh4b706 3MPDDd4A3dnICTvbwLAxXQ== 0000906280-97-000137.txt : 19970912 0000906280-97-000137.hdr.sgml : 19970911 ACCESSION NUMBER: 0000906280-97-000137 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970825 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970828 SROS: NASD 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: SEC FILE NUMBER: 000-22303 FILM NUMBER: 97672030 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 8-K 1 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) August 25, 1997 GULF ISLAND FABRICATION, INC. (Exact name of registrant as specified in its charter) Louisiana 0-22303 72-1147390 (State or other (Commission File (IRS Employer jurisdiction Number) Identification No.) of incorporation) 583 Thompson Road, 70363 Houma, Louisiana (Zip Code) (Address of principal executive offices) (504) 872-2100 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report.) Item 4.Changes in Registrant's Certifying Accountant. (a) On August 25, 1997, Gulf Island Fabrication, Inc. (the "Company") dismissed Price Waterhouse LLP ("Price Waterhouse") as independent accountants. The decision to change the Company's independent accountants was recommended by the Audit Committee (the "Audit Committee") of the Board of Directors and approved by the Board of Directors. The Price Waterhouse reports on the Company's financial statements for the two fiscal years ended December 31, 1995 and 1996 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principle. In connection with its audits for the two most recent fiscal years ended December 31, 1995 and 1996 and through August 24, 1997, there have been no disagreements with Price Waterhouse on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Price Waterhouse, would have caused them to make reference thereto in their report on the financial statements for the years ended December 31, 1995 and 1996. During the Company's two most recent fiscal years ended December 31, 1995 and 1996 and through August 24, 1997, there have been no "reportable events" (as defined in Regulation S-K Item 304(a)(1)(v)). The Company has requested that Price Waterhouse furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the preceding statements. A copy of the letter from Price Waterhouse dated August 28, 1997 is filed as Exhibit 16 to this Form 8-K. (b) Effective August 25, 1997, the Company engaged Ernst & Young LLP ("Ernst & Young") as the principal accountant to audit the financial statements of the Company. The decision to engage Ernst & Young was recommended by the Audit Committee and approved by the Board of Directors. During the two fiscal years ended December 31, 1996 and the subsequent interim period preceding such engagement, neither the Company nor anyone on its behalf consulted Ernst & Young regarding either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, nor did Ernst & Young provide to the Company a written report or oral advice regarding such principles or audit opinion. Item 7.Financial Statements and Exhibits. (c) Exhibits. 16 Letter from Price Waterhouse LLP re change in certifying accountant 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 thereunto duly authorized. GULF ISLAND FABRICATION, INC. By:/s/Jospeh P. Gallagher, III --------------------------- Joseph P. Gallagher, III Vice President - Finance Date: August 28, 1997 EXHIBIT INDEX Sequentially Numbered Exhibit No. Description of Exhibit Page 16 Letter from Price Waterhouse LLP re change in certifying accountant EX-16 2 [Price Waterhouse LLP Stationery] August 28, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Ladies and Gentlemen: We have read Item 4 of Gulf Island Fabrication, Inc.'s Form 8-K dated August 28, 1997 and are in agreement with the statments contained in paragraph 4(a) therein. Yours very truly, /s/ PRICE WATERHOUSE LLP PRICE WATERHOUSE LLP -----END PRIVACY-ENHANCED MESSAGE-----