Business Context and Reporting Period
This Form 8-K Current Report was filed by Mitcham Industries, Inc. (trading symbol: MIND) on August 23, 2019, covering events occurring on August 21 and August 22, 2019. The registrant is incorporated in Texas and lists its common stock and Series A Preferred Stock on The NASDAQ Stock Market LLC.
Key Financial Metrics
This filing is a current report regarding corporate governance and regulatory disclosure. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
- Director Resignation: R. Dean Lewis resigned from his position as Director effective August 21, 2019. The resignation was not the result of any disagreement with the Company regarding operations, policies, or practices.
- Director Appointment: The Board of Directors appointed Vice Admiral (Ret.) William H. Hilarides to fill the vacancy created by Mr. Lewis's departure, effective immediately. Admiral Hilarides will serve on the Strategic Planning Committee and Nominating Committee and will stand for re-election at the 2020 Annual Meeting of Shareholders.
- Regulatory Disclosure: The Company issued a press release on August 22, 2019, which is incorporated by reference as Exhibit 99.1 under Regulation FD.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on future performance. No specific risks or contingencies are detailed within the text of this report, other than the standard disclosure that the press release information is furnished and not filed for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the content of the press release dated August 22, 2019 (Exhibit 99.1) referenced in Item 7.01 for additional context on the leadership changes.
- Confirm the biographical details and potential conflicts of interest for the newly appointed Director, Vice Admiral (Ret.) William H. Hilarides, in subsequent filings.
- Review the Company's most recent 10-Q or 10-K for financial performance data, as this 8-K contains no financial figures.