UNITED
STATES
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
Date of
Report (Date of earliest event reported): May 26, 2009
ORION
MARINE GROUP, INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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333-145588
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26-0097459
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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12550
Fuqua St.
Houston,
Texas 77034
(Address
of principal executive offices)
(713)
852-6500
(Registrant’s
telephone number, including area code)
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:
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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TABLE
OF CONTENTS
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Item 5.02 Departure or Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On May
26, 2009, Orion Marine Group, Inc. (the "Company"), extended its
existing employment agreements with Mark R. Stauffer, Executive Vice President
and Chief Financial Officer, Elliott J. Kennedy, Executive Vice President, and
James L. Rose, Executive Vice President, but effective as of May 17, 2009, in
conjunction with the Company's general assessment of interim extensions of
employment agreements with certain executives and senior managers. The term
of the employment agreements was extended for a period of ninety (90) days
from May 17, 2009, with the extended term expiring on August 14, 2009. All
terms and conditions of the existing employment agreements remain in full force
and effect.
The
Company’s Board of Directors approved these interim extensions in order to
provide additional time for the Compensation Committee and Company Management’s
assessment of the renewal and terms and conditions of such and other executive
and senior manager employment agreements, which assessment is ongoing and will
be completed over the next ninety (90)
days.
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.
| Orion Marine Group, Inc. | |||
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Date:
May 27, 2009
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By:
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/s/ Mark R. Stauffer | |
| Name: Mark R. Stauffer | |||
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Title: Executive
Vice President and
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| Chief Financial Officer | |||