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) OCTOBER 20, 1999
HORIZON OFFSHORE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-23653 76-0487309
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
2500 CityWest Boulevard, Suite 2200, Houston, Texas 77042
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(713) 361-2600
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
N/A
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
<PAGE>
ITEM 5. OTHER EVENTS.
On October 20, 1999, the Registrant issued the press release attached
hereto as Exhibit 99.
ITEM 7. EXHIBITS.
1 Press release issued by the Registrant on October 20, 1999
announcing that James Devine had been named as Chairman of the
Board.
SIGNATURES
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.
HORIZON OFFSHORE, INC.
By: /S/ DAVID W. SHARP
David W. Sharp
Executive Vice President
and Chief Financial Officer
Dated: October 21, 1999
"Exhibit 99.1"
Contact: David W. Sharp
(713-361-2630)
FOR IMMEDIATE RELEASE
HORIZON OFFSHORE DIRECTOR JAMES DEVINE NAMED CHAIRMAN OF THE BOARD
FORMER CHAIRMAN JONATHAN D. POLLOCK REMAINS AS DIRECTOR
Houston, Texas (October 20, 1999)--Horizon Offshore, Inc. (NASDAQ:
HOFF) today announced the Board of Directors has elected James Devine as
Chairman of the Houston-based marine construction company.
Devine has served on the company's Board of Directors since 1998. He
has been a consultant to the oil and gas industry since 1996, involved
primarily in large marine offshore construction projects, and previously
served as corporate vice president and general counsel of Coflexip S.A. and
as a director and general counsel of Stena Offshore N.V.
Devine replaces Jonathan D. Pollock, who will remain a director.
Pollock has served as Chairman of Horizon Offshore since the company's
inception.
"Jim has played a key role in the formation of our growth strategy and
we are excited that he has agreed to assume the responsibilities of
Chairman," Pollock said. "His broad industry knowledge and expertise in
international marine construction markets will be invaluable as the company
takes its business, in the Gulf of Mexico and Internationally, to the next
level."
Horizon Offshore provides marine construction services to the offshore
oil and gas industry, primarily in the Gulf of Mexico. The Company's fleet
is used to perform a wide range of marine construction activities,
including installation of marine pipelines to transport oil and gas from
newly installed production platforms and other subsea production systems,
and the installation and abandonment of production platforms.
This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, which
involve known and unknown risk, uncertainties and other factors. Among the
factors that could cause actual results to differ materially are: industry
conditions and volatility; prices of oil and gas; the Company's ability to
obtain and the timing of new projects; changes in competitive factors and
other material factors that are described from time to time in the
Company's filing with the Securities and Exchange Commission.
Actual events, circumstances, effect and results may be materially
different from the results, performance or achievements expressed or
implied by the forward-looking statements. Consequently, the forward-
looking statements contained herein should not be regarded as
representations by Horizon or any other person that the projected outcomes
can or will be achieved.
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