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): March 31, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-12159 75-2656828
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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
<PAGE>
Item 5. Other Events
On March 31, 1997 Trinity Industries, Inc. ( Trinity ) distributed to
its stockholders 15,000,000 shares of common stock of Halter Marine
Group, Inc. ( Halter ), representing approximately 81.3% of the
outstanding shares of Halter Common Stock. In September 1996,
Halter conducted an initial public offering and sold shares
representing approximately 18.7% of its outstanding common stock.
As a result of the distribution, Trinity and Halter are no longer
affiliated entities.
In connection with the distribution, W. Ray Wallace, Timothy R.
Wallace, John T. Sanford and F. Dean Phelps, representatives of
Trinity who formerly were directors of Halter, resigned as
directors of Halter.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99(1) - Press release of Registrant dated March 31, 1997
<PAGE>
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: April 14, 1997 By: /S/ John Dane III
John Dane III
President and Chief Executive Officer<PAGE>
EXHIBIT 99(1)
NEWS RELEASE
Contact:
Keith Voigts
Vice President
(601) 896-0029
FOR IMMEDIATE RELEASE
April 1, 1997
GULFPORT, Miss. -- Halter Marine Group, Inc. (AMEX:HLX) today
confirmed the completion on March 31, 1997 of the property
distribution of the 15,000,000 shares of common stock of Halter
previously owned by Trinity Industries, Inc., Halter's former
parent company. As a result, Halter is not a subsidiary of
Trinity, and Trinity does not own any shares of Halter.
Halter Marine Group Inc., with headquarters in Gulfport, Miss.,
manufactures and markets a broad range of small- to medium-size
ocean-going commercial, military and government vessels, including
offshore support vessels, offshore double hull tank barges, patrol
boats, landing craft, oceanographic research vessels, tugboats,
towboats and luxury yachts.
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