---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-016767"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:21:20.359669+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Helix Energy Solutions merges with Hornbeck Offshore; Hornbeck shareholders to own 55% of combined co

## Summary
- Helix shareholders will own ~45%, Hornbeck shareholders ~55% of the combined company post-merger.
- Each Hornbeck share converts into 10.27167 shares of Helix common stock (post-conversion).
- Combined company renamed Hornbeck Offshore Services, remains listed on NYSE.
- Termination fees: Helix pays $40.5M or Hornbeck pays $49.5M under certain conditions.
- Combined board: 7 members, 4 designated by Hornbeck and 3 by Helix.

## SEC filing metadata
- accession: 0001140361-26-016767
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000114036126016767/0001140361-26-016767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000114036126016767/ef20071301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-016767
- JSON: https://secwatch.observer/filing/0001140361-26-016767.json
- Plain text: https://secwatch.observer/filing/0001140361-26-016767.txt

## Source-grounded claims
- claim_id: 35670ed7ab9a6ed2bb58d7ac12ce3d9aa448a945
  claim: HELIX ENERGY SOLUTIONS GROUP INC entered into Agreement and Plan of Merger with Helix Energy Solutions Group, Inc.; Hornbeck Offshore Services, Inc. valued at Each share of Company Common Stock converted into 10.27167 shares of Converted Parent Common Stock. (effective 2026-04-22).
  evidence_excerpt: On April 22, 2026, Helix Energy Solutions Group, Inc., a Minnesota corporation (“ Parent ”), Odyssey Sub, Inc., a Delaware corporation and direct, wholly owned subsidiary of Parent (“ Parent Sub ”), Hercules Sub LLC, a Delaware limited liability company and direct, wholly owned subsidiary of Parent (“ LLC Sub ”), and Hornbeck Offshore Services, Inc., a Delaware corporation (the “ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), pursuant to which, upon the terms and subject to the conditions set forth therein, (i) Parent Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “ Surviving Corporation ”) (the “ First Company Merger ”) and (ii) immediately following the First Company Merger, the Surviving Corporation will merge with and into LLC Sub (the “ Second Company Merger ” and, together with the First Company Merger, the “ Mergers ”), with LLC Sub continuing as the surviving entity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000114036126016767/0001140361-26-016767-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.