secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001140361-26-016767
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000114036126016767/0001140361-26-016767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000114036126016767/ef20071301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-016767

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