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 13, 1999
HORIZON OFFSHORE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-23653 76-0487309
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
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.)
Item 5. Other Events.
On September 13, 1999, the Registrant issued the press release attached
hereto as Exhibit 99.1.
Item 7. Exhibits.
99.1 Press release issued by the Registrant on September 13, 1999
announcing the appointment of R. Clay Etheridge as Executive Vice President
and Chief Operating Officer.
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 5, 1999
EXHIBIT 99.1
Contact: David Sharp
Executive V.P. & Chief Financial Officer
2500 CityWest Boulevard, Suite 2200
Houston, Texas 77042
(713) 361-2600
FOR IMMEDIATE RELEASE
R. CLAY ETHERIDGE NAMED EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING
OFFICER OF HORIZON OFFSHORE, INC.
HOUSTON, TEXAS (September 13, 1999) -- Horizon Offshore, Inc. (NASDAQ:
HOFF) today announced that R. Clay Etheridge has been named Executive Vice
President and Chief Operating Officer for the Houston-based marine
construction company.
Prior to joining Horizon, Etheridge served as Vice President of
International Operations for Global Industries, Ltd. Etheridge has held
executive management positions with J. Ray McDermott, S.A. in southeast
Asia, and OPI International, Inc., with responsibility for Gulf of Mexico
and West Africa operations, and served as project manager for Heerema
Marine Contractors. He received a Bachelor of Science degree in civil
engineering from the University of Mississippi.
"We are excited that Clay has joined Horizon and believe that his
addition underscores our commitment to build a superior management team and
grow international operations, primarily in West Africa and Latin America,"
said Horizon President and Chief Executive Officer Bill Lam. "Clay brings
vast experience in domestic and international pipelay and derrick
operations to the Company and is familiar with our existing operations team
and construction fleet. His knowledge of our 'people and iron' will allow
Clay to make an immediate contribution to operations management."
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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