-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DHk84xclzm1EfxNo8i5x2b7iUZh/U2k+WF30ueWrkJc1VeuUbkuhbia16XAKP06e q8IlBw4xcAgSEEs/kfjzdg== 0000950129-06-010186.txt : 20061215 0000950129-06-010186.hdr.sgml : 20061215 20061215152921 ACCESSION NUMBER: 0000950129-06-010186 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061212 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20061215 DATE AS OF CHANGE: 20061215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL INDUSTRIES LTD CENTRAL INDEX KEY: 0000895663 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 721212563 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-21086 FILM NUMBER: 061280293 BUSINESS ADDRESS: STREET 1: P O BOX 442 STREET 2: 8000 GLOBAL DRIVE CITY: SULPHUR STATE: LA ZIP: 70664 BUSINESS PHONE: 3375835083 MAIL ADDRESS: STREET 1: PO BOX 442 STREET 2: 8000 GLOBAL DRIVE CITY: SULPHUR STATE: LA ZIP: 70664-0442 8-K/A 1 h42148a1e8vkza.htm AMENDMENT NO. 1 TO FORM 8-K e8vkza
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 12, 2006
GLOBAL INDUSTRIES, LTD.
(Exact name of registrant as specified in its charters)
         
Louisiana   0-21086   72-1212563
(State or Other Jurisdiction of
Incorporation or Organization) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)
     
8000 Global Drive   70665
P.O. Box 442, Sulphur, LA   70664-0442
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s Telephone Number, including Area Code: (337) 583-5000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 1.01 Entry into a Material Definitive Agreement.
     On April 4, 2006, in connection with Global Industries, Ltd.’s (the “Company”) promotion of Russell J. Robicheaux to Chief Administrative Officer and General Counsel, the Company agreed to (i) increase Mr. Robicheaux’s base salary to $230,000 per year, effective April 1, 2006; (ii) award to Mr. Robicheaux 20,000 non-qualified stock options and 10,000 shares of restricted stock; and (iii) increase Mr. Robicheaux’s target cash bonus award under the Company’s Management Incentive Plan to 50% of his new base salary. The stock options and restricted stock awards were granted under the Company’s existing plans pursuant to the Company’s customary stock option and restricted stock award agreements. Subject to the terms of the option agreement, his stock options vest one-third on each of the first three anniversaries of the grant date and have an exercise price of $14.24. The grant date of the stock options and restricted stock awards is December 12, 2006. Under the terms of the restricted stock award, the forfeiture restrictions on the restricted stock lapse on the third anniversary of the grant date unless sooner forfeited.
Note: This amendment is filed to correct the grant date for the equity awards disclosed herein.

 

 

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.
         
  GLOBAL INDUSTRIES, LTD.
 		  
Date: December 15, 2006  By:   /s/ PETER S. ATKINSON    
    Peter S. Atkinson   
    President and Chief Financial Officer   
 

 

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