THE WOODLANDS, Texas, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial, energy and government sectors, today announced that at its special meeting of shareholders held earlier today (the “Special Meeting”), Gulf Island’s shareholders approved the acquisition of Gulf Island by IES Holdings, Inc. (the “Merger”). Subject to the satisfaction or waiver of the remaining customary closi ...

Gulf Island Fabrication (NasdaqGS:GIFI) Special Meeting Summary Company Overview - **Company**: Gulf Island Fabrication, Inc. - **Date of Meeting**: January 13, 2026 - **Time**: 9:00 A.M. Central Time Key Points Meeting Structure and Attendance - The meeting was presided over by Richard Heo, President, CEO, and Chairman of the Board [2] - A quorum was confirmed with 13,112,801 shares represented, approximately 82% of the total outstanding shares of 15,998,611 [5] - The meeting followed a structured agenda, with rules of procedure provided to shareholders [2][4] Proposals Voted On 1. **Merger Proposal**: Approval of the agreement and plan of merger dated November 7, 2025, involving IES Holdings, Inc., IES Merger Sub, LLC, and Gulf Island Fabrication [9] - The board recommended a vote in favor of this proposal [9] 2. **Executive Compensation Proposal**: Approval on a non-binding advisory basis of certain compensation for named executive officers in connection with the merger [10] - The board also recommended a vote in favor of this proposal [10] 3. **Adjournment Proposal**: Approval of one or more adjournments of the special meeting if necessary to solicit additional proxies [10] - The board recommended a vote in favor of this proposal [10] Voting Results - More than 80% of the outstanding shares voted in favor of the merger proposal, leading to its approval [12] - More than 98% of votes cast supported the merger compensation proposal, which was also approved on a non-binding advisory basis [12] - No need for adjournment as both key proposals were approved [12] Final Remarks - Preliminary voting results were reported, with final results to be filed in a Form 8-K with the SEC within four business days [13] - The meeting was officially adjourned at 9:10 A.M. Central Time [13] Additional Notes - The meeting included a report from the Inspector of Election confirming the quorum and the voting process [4][5] - Shareholders were allowed to submit questions electronically, but no questions were received during the meeting [8]

Group 1: Market Overview - As of December 30, 2025, two stocks in the energy sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Tetra Technologies Inc - Tetra Technologies (NYSE: TTI) has an RSI value of 70.7, indicating it is nearing overbought territory [6] - The stock has gained approximately 22% over the past month, reaching a 52-week high of $9.53 [6] - CJS Securities analyst Jonathan Tanwanteng initiated coverage on Tetra Technologies with an Outperform rating and a price target of $11.5 [6] - The current price action shows shares rose 0.6% to close at $9.40 [6] - Tetra Technologies has a momentum score of 98.37 and a value score of 69.30 [6] Group 3: Gulf Island Fabrication Inc - Gulf Island Fabrication (NASDAQ: GIFI) reported mixed third-quarter results, with revenue of $51.5 million and adjusted EBITDA of $2.5 million [6] - The company’s stock has increased around 14% over the past five days, with a 52-week high of $12.00 [6] - Gulf Island Fabrication has an RSI value of 84.9, indicating it is significantly overbought [6] - The stock closed at $11.94 on Monday [6]

Group 1: Market Overview - As of December 30, 2025, two stocks in the energy sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Tetra Technologies Inc - Tetra Technologies (NYSE: TTI) has an RSI value of 70.7, indicating it is nearing overbought territory [6] - The stock has gained approximately 22% over the past month, reaching a 52-week high of $9.53 [6] - CJS Securities analyst Jonathan Tanwanteng initiated coverage on Tetra Technologies with an Outperform rating and a price target of $11.5 [6] - The stock closed at $9.40, with a momentum score of 98.37 and a value score of 69.30 [6] Group 3: Gulf Island Fabrication Inc - Gulf Island Fabrication (NASDAQ: GIFI) reported mixed third-quarter results, with revenue of $51.5 million and adjusted EBITDA of $2.5 million [6] - The company’s stock has increased by around 14% over the past five days, achieving a 52-week high of $12.00 [6] - Gulf Island Fabrication has an RSI value of 84.9, indicating it is in overbought territory [6] - The stock closed at $11.94 on Monday [6]

Core Insights - Class Action Attorney Juan Monteverde's firm has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - Kenvue Inc. is under investigation regarding its sale to Kimberly-Clark Corporation, with shareholders set to receive $3.50 in cash plus 0.14625 shares of Kimberly-Clark for each Kenvue share [1] - FirstSun Capital Bancorp is merging with First Foundation Inc., with FirstSun shareholders expected to own 59.5% of the combined entity upon completion [2] - First Foundation shareholders will receive 0.16083 shares of FirstSun common stock for each share of First Foundation [3] - Gulf Island Fabrication, Inc. is being sold to IES Holdings, Inc., with shareholders to receive $12.00 in cash per share [4] Company Transactions - Kenvue Inc. shareholders will receive $3.50 in cash and 0.14625 shares of Kimberly-Clark for each share held [1] - FirstSun Capital Bancorp shareholders will own 59.5% of the merged company with First Foundation Inc. [2] - First Foundation Inc. shareholders will receive 0.16083 shares of FirstSun for each share held [3] - Gulf Island Fabrication, Inc. shareholders will receive $12.00 in cash per share in the transaction with IES Holdings, Inc. [4] Legal Context - Monteverde & Associates PC is a national class action securities firm with a successful track record in recovering funds for shareholders [5] - The firm operates from the Empire State Building and emphasizes the importance of legal representation for shareholders [5][6]

Core Viewpoint - Gulf Island Fabrication Inc. (NASDAQ:GIFI) has experienced a stock price of $11.90, reflecting a slight decrease of 0.08% in the current market session, but has seen an increase of 1.27% over the past month and a significant rise of 68.84% over the past year, raising questions about its valuation despite current performance issues [1]. Group 1: Stock Performance - The current stock price of Gulf Island Fabrication Inc. is $11.90, with a minor decrease of 0.08% in the current session [1]. - Over the past month, the stock has increased by 1.27% [1]. - In the past year, the stock has appreciated by 68.84% [1]. Group 2: P/E Ratio Analysis - The P/E ratio of Gulf Island Fabrication Inc. is 21.67, which is lower than the industry average P/E ratio of 22.04 in the Energy Equipment & Services sector [6]. - A lower P/E ratio may suggest that the stock could be undervalued or that it may perform worse than its industry peers [6]. - The P/E ratio is a critical metric for investors, indicating expectations of future performance, but should be interpreted with caution as it may also reflect weak growth prospects or financial instability [9][10]. Group 3: Investment Considerations - Investors should consider the P/E ratio alongside other financial metrics, industry trends, and qualitative factors to make informed investment decisions [10]. - A comprehensive approach to analyzing a company's financial health is essential for successful investment outcomes [10].

Core Insights - Monteverde & Associates PC is investigating several mergers and acquisitions involving Gulf Island Fabrication, Movano Inc., NuVista Energy Ltd., and Orbit Technologies Ltd. to determine if the proposed deals are fair for shareholders [1]. Group 1: Gulf Island Fabrication, Inc. - Gulf Island shareholders are set to receive $12.00 in cash per share as part of its sale to IES Holdings, Inc. [1]. Group 2: Movano Inc. - Movano Inc. is merging with Corevex, Inc., where Corvex shareholders will own approximately 96% of the combined company post-transaction [1]. Group 3: NuVista Energy Ltd. - NuVista shareholders have options in their merger with Ovintiv Inc., including C$18.00 in cash per share, 0.344 of a share of Ovintiv common stock, or a combination of both, resulting in a fully prorated basis of C$9.00 in cash plus 0.172 of a share in common stock [1]. Group 4: Orbit Technologies Ltd. - Orbit shareholders will receive $13.725 per share in cash as part of its merger with Kratos Defense & Security Solutions, Inc. [1].

Group 1 - Halper Sadeh LLC is investigating Movano Inc.'s merger with Corvex, Inc., where Movano shareholders would own approximately 3.8% of the combined company after the transaction [1] - Gulf Island Fabrication, Inc. is being sold to IES Holdings, Inc. for $12.00 in cash per share [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Gulf Island Fabrication, Inc. to IES Holdings, Inc. at a price of $12.00 per share for Gulf Island shareholders [1][2]. Group 1: Investigation Details - The investigation focuses on whether Gulf Island and its board violated federal securities laws and fiduciary duties by not obtaining the best possible consideration for shareholders [2]. - Concerns include whether IES is underpaying for Gulf Island and if all material information necessary for shareholders to assess the merger was disclosed [2]. Group 2: Potential Actions - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [3]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [3].

Core Viewpoint - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of TreeHouse Foods, Inc. and Gulf Island Fabrication, Inc. [1][2] Group 1: TreeHouse Foods, Inc. - TreeHouse Foods, Inc. is being sold to Industrial F&B Investments III Inc. for $22.50 in cash per share, plus a contingent value right [1] - The investigation aims to seek increased consideration for shareholders and additional disclosures regarding the proposed transaction [3] Group 2: Gulf Island Fabrication, Inc. - Gulf Island Fabrication, Inc. is being sold to IES Holdings, Inc. for $12.00 in cash per share [2] - Similar to TreeHouse, the investigation may pursue increased consideration and additional information for shareholders [3] Group 3: Legal Representation - Halper Sadeh LLC offers free consultations for shareholders to discuss their legal rights and options [4] - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [3]