Dawson Geophysical Co. Announces 2024 Annual Meeting of Shareholders

TL;DR

Dawson Geophysical Company will hold its virtual Annual Meeting on June 18, 2024, for shareholders to elect directors, ratify auditors, and vote on executive compensation.

AI Summary

DAWSON GEOPHYSICAL CO (DWSN) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Annual meeting scheduled for June 18, 2024, to be held virtually. Shareholders will vote to elect five directors. The selection of RSM US LLP as the independent registered public accounting firm for FY2024 will be ratified. A non-binding advisory resolution on executive compensation will be presented. Record date for shareholder eligibility to vote is April 22, 2024.

Why It Matters

For investors and stakeholders tracking DAWSON GEOPHYSICAL CO, this filing contains several important signals. Shareholder participation in electing directors and approving executive compensation directly influences corporate governance and management accountability. The ratification of the independent auditor is crucial for maintaining financial transparency and investor confidence.

Risk Assessment

Risk Level: low — DAWSON GEOPHYSICAL CO shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic changes.

Analyst Insight

Review the proposals for director elections and executive compensation to inform voting decisions.

Key Numbers

• 5 — Directors to be elected (To elect five directors to serve until the next annual meeting)
• June 18, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• April 22, 2024 — Record Date (Close of business on April 22, 2024, for determination of shareholders entitled to vote)
• 2024 — Fiscal Year End (Fiscal year ending December 31, 2024)

Key Players & Entities

• DAWSON GEOPHYSICAL CO (company) — Registrant
• RSM US LLP (company) — independent registered public accounting firm
• Ian Shaw (person) — Chief Financial Officer
• June 18, 2024 (date) — Annual Meeting date
• April 22, 2024 (date) — Record date
• 2024 (date) — Fiscal year ending

FAQ

Industry Context

Dawson Geophysical Company operates in the oil and gas field exploration services sector, providing seismic data acquisition services.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Examine the details of the executive compensation plan.
3. Confirm the company's choice of independent auditor, RSM US LLP.

Key Dates

• 2024-06-18: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters including director elections and executive compensation.
• 2024-04-22: Record Date — Determines which shareholders are eligible to vote at the Annual Meeting.
• 2024-04-29: Filing Date — Date the definitive proxy statement was filed with the SEC.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, following the typical structure for such filings.

Key Financial Figures

• $0.01 — nsist solely of common stock, par value $0.01 per share ("Common Stock"). The record
• $125,000 — onsisting of annualized compensation of $125,000 representing quarterly cash payments of
• $31,250 — uarterly cash payments of approximately $31,250. Members of the Audit Committee receive
• $18,000 — d additional annualized compensation of $18,000, with the Chairman receiving$24,000, re
• $24,000 — of $18,000, with the Chairman receiving$24,000, representing quarterly cash payments o
• $4,500 — uarterly cash payments of approximately $4,500 and $6,000, respectively. Members of th
• $6,000 — sh payments of approximately $4,500 and $6,000, respectively. Members of the Compensat
• $1,500 — representing quarterly cash payments of $1,500. We also reimburse reasonable expenses
• $10,000 — for our non-employee directors exceeded $10,000 in 2023, and consequently, are not incl

Filing Documents

• tmb-20240618xdef14a.htm (DEF 14A) — 496KB
• tmb-20240618xdef14a_a001.jpg (GRAPHIC) — 6KB
• tmb-20240618xdef14a_a004.jpg (GRAPHIC) — 55KB
• tmb-20240618xdef14a_a005.jpg (GRAPHIC) — 49KB
• tmb-20240618xdef14a_a009.jpg (GRAPHIC) — 154KB
• tmb-20240618xdef14a_a010.jpg (GRAPHIC) — 158KB
• tmb-20240618xdef14a_bg001.jpg (GRAPHIC) — 126KB
• tmb-20240618xdef14a_bg002.jpg (GRAPHIC) — 120KB
• 0001558370-24-006113.txt ( ) — 1418KB

Executive Compensation

Executive Compensation 8 Summary Compensation Table 9 Outstanding Equity Awards at December 31, 2023 12 Potential Payments Upon a Change of Control or Termination 12 Transactions with Related Persons 13 Equity Compensation Plan Information 15

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 16 Proposal 2 : Ratification of Selection of Independent Registered Public Accounting Firm 16 Fees Paid to Independent Registered Public Accounting Firms 17 Audit Committee Report 17 Proposal 3 : Advisory Vote on Executive Compensation 18 Shareholder Proposals for Next Annual Meeting 19 Householding 19 Other Matters 20 Additional Information About the Company 20 Table of Contents Dawson Geophysical Company 508 West Wall, Suite 800 Midland, Texas 79701 PROXY STATEMENT FOR 2024 ANNUAL MEETING OF SHAREHOLDERS To Be Held Tuesday, June 18, 2024 SOLICITATION OF PROXY The accompanying proxy is solicited on behalf of the Board of Directors (the "Board of Directors") of Dawson Geophysical Company (the "Company", "our" or "we") for use at our Annual Meeting of Shareholders (the "Annual Meeting") to be held on Tuesday, June 18, 2024 at 10:00 a.m. Central Time via live audio webcast at www.virtualshareholdermeeting.com/DWSN2024, and at any adjournment or adjournments thereof. In addition to the use of the mails, proxies may be solicited by personal interview, telephone and telegraph by officers, directors and other employees of the Company who will not receive additional compensation for such services. We may also request brokerage houses, nominees, custodians and fiduciaries to forward the soliciting material to the beneficial owners of stock held of record and will reimburse such persons for forwarding such material. We will bear the cost of this solicitation of proxies. Such costs are expected to be nominal. Proxy solicitation will commence with the mailing of this Proxy Statement on or about April 29, 2024. Any shareholder giving a proxy has the power to revoke the same at any time prior to its exercise by executing a subsequent proxy or by written notice to our Secretary or by attending the Annual Meeting (via the live audio webcast) and withdrawing the proxy. PURPOS

View Full Filing

View this DEF 14A filing on SEC EDGAR