On October 21, 2019, Gulf Island Fabrication, Inc. announced the retirement of Kirk J. Meche as President and Chief Executive Officer of the company in the coming months. In connection with Mr. Meche's retirement, the company and Mr. Meche have entered into a Separation and Transition Agreement, dated October 18, 2019. Mr. Meche has resigned as a member of the Company's Board as of the Effective Date, although pursuant to the terms of the Transition Agreement he will continue to serve as President and Chief Executive Officer of the company through December 31, 2019, or such earlier date as determined by the Board.