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
June 26, 1996
Date of Report (Date of earliest event reported)
AMERICAN OILFIELD DIVERS, INC.
(Exact name of Registrant as specified in its charter)
LOUISIANA 0-22032 72-0918249
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
130 East Kaliste Saloom Road
Lafayette, Louisiana 70508
(Address of principal executive offices) (Zip Code)
(318) 234-4590
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 7. Financial Statements and Exhibits.
(a) No financial statements are filed with this report.
(b) Exhibits.
99.1 Press release issued by American Oilfield Divers
on July 10, 1996 concerning the acquisition of an
ROV support vessel and the change of fiscal year
described in Item 8 below.
Item 8. Change in Fiscal Year.
On June 26, 1996, the Board of Directors of American
Oilfield Divers, Inc. (the "Company") determined to change
Registrant's fiscal year from the year ending October 31 to the
year ending December 31. The two-month transition period
beginning November 1, 1995 and ending December 31, 1995 will be
reported on a Form 10-Q that will be filed on or before August
10, 1996.
<PAGE>
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.
By: /s/ Cathy M. Green
___________________________
Cathy M. Green
Vice President - Finance
and Chief Financial Officer
Dated: July 11, 1996
NEWS RELEASE
For further information contact:
Greg Rosenstein Cathy Green
Manager of Investor Relations Chief Financial Officer
(318) 234-4590 (318) 234-4590
__________________________________________________________________
FOR IMMEDIATE RELEASE
WEDNESDAY, JULY 10, 1996
AMERICAN OILFIELD DIVERS ACQUIRES ROV SUPPORT VESSEL;
COMPANY ANNOUNCES FISCAL YEAR END CHANGE TO DECEMBER 31
Lafayette, LA -- American Oilfield Divers, Inc. (NASDAQ:
DIVE) announced today that it has acquired for an undisclosed sum
the N/V Northern Surveyor, a 220-ft. dynamically positioned
vessel dedicated to supporting work-class remotely operated
vehicles (ROVs).
The vessel, renamed the American Pioneer, can generally work
in rougher seastates during the winter months. It will be
utilized in the Gulf of Mexico market.
In other Company news, AOD announced that its Board of
Directors elected to change the Company's fiscal year end from
October 31 to December 31.
"By changing AOD's fiscal year end to December 31, the
Company will report quarterly and annual results on a comparable
basis with other public companies in the oil and gas industry,"
said George C. Yax, AOD's Chairman of the Board, Chief Executive
Officer and President.
AOD will file a transition report on Form 10-Q for the two-
month period ended December 31, 1995, on or before August 10,
1996. The Company will report results from its second quarter
ended June 30, 1996, and file the resultant 10-Q the week of
August 12, 1996.
American Oilfield Divers, Inc. is a leading provider of
diving services subsea products, marine construction and
environmental services to the offshore oil and gas industry,
primarily in the U.S. Gulf of Mexico, U.S. West Coast,
internationally and to certain U.S. inland customers.
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