SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
[ x ] Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of Earliest Event Reported): May 1, 1997
Offshore Logistics, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 0-5232 72-0679819
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
224 Rue de Jean
P. O. Box 5C, Lafayette, Louisiana 70505
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (318) 233-1221
N/A
(Former name, former address and former fiscal year, if
changed since last report)
Item 5. Other Events
On May 6, 1997, the Board of Directors of Offshore Logistics,
Inc., a Delaware corporation (the "Registrant"), approved a First
Amendment, dated as of May 6, 1997 (the "First Amendment"),
to the Rights Agreement, dated as of February 29, 1996, (as
amended, the "Rights Agreement" (except where the context
otherwise requires)), between the Registrant and ChaseMellon
Shareholder Services, L.L.C. (formerly Chemical Mellon
Shareholder Services, L.L.C.), as Rights Agent (the "Rights
Agent"). The First Amendment reduced certain percentages in the
Rights Agreement from 20% to 10%. The First Amendment has
been filed as Exhibit 5 to the Registrant's Form 8-A/A dated
May 7, 1997, and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 First Amendment, dated as of May 6, 1997, to the
Rights Agreement, dated as of February 29, 1996,
between Offshore Logistics, Inc. and ChaseMellon
Shareholder Services, L.L.C. (formerly Chemical Mellon
Shareholder Services, L.L.C.), as Rights Agent
(incorporated by reference to Exhibit 5 to the
Registrant's Form 8-A/A dated May 7, 1997).
Item 8. Change in Fiscal Year
On May 1, 1997, the Board of Directors of Offshore Logistics,
Inc. elected to change the Registrant's fiscal year from June 30
to March 31. The nine-month transition period beginning July 1,
1996 and ending March 31, 1997 will be reported on the
Registrant's Form 10-K.
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 thereunto duly authorized.
OFFSHORE LOGISTICS, INC.
BY: /s/ George M. Small
----------------------------
GEORGE M. SMALL
Vice President and
Chief Financial Officer
DATE: May 7, 1997
Index to Exhibits
Exhibit
99.1 First Amendment, dated as of May 6, 1997, to the Rights
Agreement, dated as of February 29, 1996, between Offshore
Logistics, Inc. and ChaseMellon Shareholder Services, L.L.C.
(formerly Chemical Mellon Shareholder Services, L.L.C.), as
Rights Agent (incorporated by reference to Exhibit 5 to the
Registrant's Form 8-A/A dated May 7, 1997).
