On March 21, 2023, Murray W. Burns informed the Board of Directors (the “Board”) of Gulf Island Fabrication, Inc. (the “Company”) that he plans to retire as a director effective December 31, 2023. Mr. Burns will stand for re-election at the Company's 2023 annual meeting of shareholders (the “2023 annual meeting”). With Mr. Burns's expected retirement at the end of 2023, the Board has appointed Cheryl Richard to succeed Mr. Burns as chair of the Corporate Governance and Nominating Committee, effective immediately following the 2023 annual meeting.

Mr. Burns will work with Ms. Richard to ensure that all of his responsibilities as chair are smoothly transitioned.