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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): SEPTEMBER 29, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12159 75-2656828
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
13085 INDUSTRIAL SEAWAY ROAD,
GULFPORT, MISSISSIPPI 39503
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 601/896-0029
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ITEM 5. OTHER EVENTS
On September 29, 1997, Halter Marine Group, Inc. ("Halter") issued a
press release (the "Press Release") announcing that its Board of
Directors had declared a three-for-two stock split in the form of a
stock dividend. For additional information, reference is made to the
Press Release, a copy of which is attached as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit 99.10 - Press release of Registrant dated September 29, 1997
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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 hereunto duly authorized.
HALTER MARINE GROUP, INC.
Date: September 30, 1997 By: /s/ Rick S. Rees
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Rick S. Rees
Executive Vice President
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EXHIBIT 99.10
Press Release
For Release: September 29, 1997
Contact: Rick S. Rees, Executive Vice-President
Keith Voigts, Senior Vice-President and CFO
601-896-0029
HALTER MARINE GROUP DECLARES A THREE-FOR-TWO STOCK SPLIT
GULFPORT, Miss. . .Halter Marine Group, Inc. (AMEX:HLX) announced today that its
Board of Directors has declared a three-for-two common stock split in the form
of a stock dividend to stockholders of record as of October 15, 1997.
Additional stock certificates are expected to be mailed on October 31, 1997.
Following the stock split, approximately 27,675,000 shares of common stock will
be outstanding.
The company will pay cash in lieu of fractional shares based on the last sale
price of its common stock on the record date (as adjusted for the stock
dividend). Brokers must notify Bank of New York, the company's transfer agent,
by October 22, 1997 with respect to the number of fractional shares held by such
brokers on behalf of their clients.
In announcing the dividend, John Dane III, Halter's chairman, president and CEO,
noted, "Since the company's initial public offering on September 26, 1996, our
common stock price has increased over 300% from $11 per share to over $45 per
share as of September 26, 1997." He added, "The Board of Directors took this
action to broaden the company's ownership base and increase the number of shares
available for trading."
Halter Marine Group, Inc. includes 20 shipyards in Texas, Louisiana, Mississippi
and Florida. The company specializes in the design, construction, conversion and
repair of a wide variety of vessels and mobile offshore rigs for energy,
commercial, government/military and pleasure boat markets. Shipyards of the
Halter Marine Group have built more than 2,000 vessels in the past 40 years.
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