UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
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(IRS Employer Identification No.) |
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(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:
Securities registered pursuant to Section 12(b) of the Act:
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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 8.01 Other Events.
As previously reported, Gulf Island Shipyards, LLC (“GIS”), a subsidiary of Gulf Island Fabrication, Inc., is engaged in a lawsuit with a customer relating to the construction of two multi-purpose supply vessels. On January 31, 2023, the district court granted the customer’s motions for partial summary judgment dismissing the claims by GIS that the customer had wrongfully terminated the vessel construction contracts.
GIS disagrees with the court’s decision and intends to seek immediate review of the ruling by the appellate courts. Absent a stay of the ruling, the trial scheduled for March 6, 2023, will proceed to resolve the remaining issues in the case, including claims for damages that each party has made against the other.
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.
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GULF ISLAND FABRICATION, INC. |
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By: |
/s/ Westley S. Stockton |
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Westley S. Stockton |
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Executive Vice President, Chief Financial Officer, Treasurer and Secretary (Principal Financial Officer and Principal Accounting Officer) |
Dated: |
February 1, 2023 |
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Document and Entity Information |
Jan. 31, 2023 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jan. 31, 2023 |
| 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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