MIND Technology Announces Deferral of Preferred Stock Dividend
MIND Technology, Inc. (MIND)
Last mind technology, inc. earnings: 6/7 04:15 pm
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US:NASDAQ Investor Relations:
mind.client.shareholder.com
Company Research
Source: PR Newswire
THE WOODLANDS, Texas, Jan. 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that the Company's Board of Directors (the "Board") has elected not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the fourth quarter of its fiscal year ending January 31, 2024.The Company may defer dividend payments on the Series A Preferred Stock, but the dividend is a cumulative dividend that accrues for payment in the future. During a deferral period, the Company is prohibited from paying dividends or distributions on its common stock, or redeeming any of those shares.If the Company does not pay dividends on its Series A Preferred Stock for six or more quarters, the holders of Series A Preferred Stock will have the right to appoint two directors to the Board. The deferral of the dividend on the Series A Preferred Stock for the fourth quarter of the fiscal year ending January 31, 2
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MIND
News
- MIND Technology Postpones Special Meeting of Preferred Stockholders [Yahoo! Finance]Yahoo! Finance
- MIND Technology Postpones Special Meeting of Preferred StockholdersPR Newswire
- MIND TECHNOLOGY ANNOUNCES FISCAL 2024 FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL SCHEDULEPR Newswire
- MIND Technology Announces Deferral of Preferred Stock DividendPR Newswire
- MIND Technology Proposes Amendment to Terms of Preferred Stock [Yahoo! Finance]Yahoo! Finance
MIND
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form 8-K
- 4/12/24 - Form DEFA14A
- MIND's page on the SEC website