secwatch.observer — SEC 8-K summary
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Issuer:     GULF ISLAND FABRICATION INC (—)
CIK:        0001031623
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001140361-26-001488
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulf Island Fabrication acquired by IES Holdings for $12.00 per share; stock to be delisted
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- Merger completed on Jan 16, 2026; GIFI shareholders receive $12.00 cash per share.
- Company becomes indirect wholly owned subsidiary of IES Holdings.
- All directors of GIFI ceased; replaced by IES executives Matthew Simmes and Tracy McLauchlin.
- GIFI's $17.8M secured note with Zurich paid off and terminated.
- Common stock will be delisted from NASDAQ; deregistration planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031623/000114036126001488/0001140361-26-001488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031623/000114036126001488/ef20063243_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-001488

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