Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 19, 2009, Ms. Cindy Taylor advised the Board of Directors of Global Industries, Ltd. (the "Company") of her intention not to stand for re-election at the Company's upcoming 2009 Annual Meeting of Shareholders, which will be held on May 20, 2009. Ms. Taylor will continue to serve as a Director and as Chairperson of the Audit Committee until her term expires on May 20, 2009. Ms. Taylor has declined to stand for re-election in order to fully focus her attention on her duties as President, Chief Executive Officer and Director of Oil States International, Inc., and not as the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Commenting on her decision, Mr. John Clerico, the Company's Chief Executive Officer stated, "While we regret Ms. Taylor's decision, we understand the demands on her time, particularly in today's environment. We want to extend our appreciation and thanks to Ms. Taylor for serving on our Board for the last three years. We wish her continued success." On March 19, 2009, upon unanimous recommendation of the Nominating and Governance Committee, the Board reduced the number of directors to nine, effective as of the date of the 2009 Annual Meeting of Shareholders.

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