UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Commission File Number 1-5109
TODD SHIPYARDS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 91-1506719
(State or other jurisdiction of (IRS Employer I.D. No.)
incorporation or organization)
1801- 16th AVENUE SW, SEATTLE, WASHINGTON 98134-1089
(Street address of principal executive offices - Zip Code)
Registrant's telephone number: (206) 623-1635
Item 5. Other Events
On June 4, 1999, the Company issued a press release stating
that it has reached a mediated settlement with the Washington
State Ferry System relating to costs incurred in constructing
three Jumbo Mark II Ferries.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28-1 Press Release dated June 4, 1999.
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.
Dated: June 4, 1999.
/s/ Michael G. Marsh
______________________________
By: Michael G. Marsh
On Behalf of the Registrant as
Secretary and General Counsel
