MIND Technology Files 8-K, Confirms NASDAQ Listing

TL;DR

**MIND Technology filed a routine 8-K, no major news, just confirming their NASDAQ listing.**

AI Summary

MIND Technology, Inc. filed an 8-K on January 8, 2024, reporting an event that occurred on January 5, 2024. This filing primarily updates administrative information, confirming the company's registration details, including its Common Stock and Series A Preferred Stock listed on The NASDAQ Stock Market LLC. For investors, this filing is largely administrative and does not contain new financial or operational news that would immediately impact the stock price, but it confirms the company's continued compliance with SEC reporting requirements.

Why It Matters

This filing confirms MIND Technology's ongoing compliance with SEC regulations and its listing on NASDAQ, which is important for maintaining investor confidence and market access.

Risk Assessment

Risk Level: low — This 8-K filing is administrative and does not disclose any new risks or material changes to the company's operations or financial health.

Analyst Insight

A smart investor would note this as a routine compliance filing, indicating no immediate operational or financial changes, and would look for more substantive filings for investment decisions.

Key Numbers

• $0.01 — par value per share (par value of MIND Technology's Common Stock)

Key Players & Entities

• MIND Technology, Inc. (company) — the registrant filing the 8-K
• The NASDAQ Stock Market LLC (company) — the exchange where MIND's stock is registered
• January 5, 2024 (date) — date of the earliest event reported
• January 8, 2024 (date) — date the 8-K was filed
• 001-13490 (other) — Commission File Number

Forward-Looking Statements

• MIND Technology will continue to maintain its listing on The NASDAQ Stock Market LLC. (MIND Technology, Inc.) — high confidence, target: 2025-01-05

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock - $0.01 par value per share MIND The NASDAQ
• $1.00 — Market LLC Series A Preferred Stock - $1.00 par value per share MINDP The NASDAQ

Filing Documents

• mind20240105_8k.htm (8-K) — 32KB
• ex_612725.htm (EX-99.1) — 12KB
• ex_612725img001.jpg (GRAPHIC) — 7KB
• 0001437749-24-000885.txt ( ) — 202KB
• mind-20240105.xsd (EX-101.SCH) — 4KB
• mind-20240105_def.xml (EX-101.DEF) — 13KB
• mind-20240105_lab.xml (EX-101.LAB) — 17KB
• mind-20240105_pre.xml (EX-101.PRE) — 13KB
• mind20240105_8k_htm.xml (XML) — 4KB

01           Deferral of Preferred Stock Dividend

Item 8.01           Deferral of Preferred Stock Dividend   On January 5, 2024, MIND Technology, Inc. (the "Company") issued a press release announcing that its Board of Directors (the "Board") had elected not to declare a dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock"). A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 8.01.    Pursuant to the Certificate of Designations, Preferences and Rights of MIND Technology, Inc. 9.00% Series A Cumulative Preferred Stock, as amended (the "Certificate of Designation"), upon the deferral of the dividend on shares of Series A Preferred Stock for the fourth quarter of the Company's fiscal year ending January 31, 2024, which will cause the dividends on such shares to be in arrears for six quarterly dividend periods, the number of directors constituting the Company's Board will automatically increase by two, or from five to seven directors. Holders of the Series A Preferred Stock, voting as a class, will be entitled to vote for the election of the additional two directors at a special meeting called by the Company at the request of holders of record of at least 25% of the outstanding shares of Series A Preferred Stock. Such rights will continue until all dividends accumulated on the Series A Preferred Stock for all past dividend periods and the then current dividend period have been fully paid or declared and a sum sufficient for the payment thereof set aside for payment. Other rights and limitations regarding voting rights of holders of the Series A Preferred Stock are specified in the Certificate of Designation.        

01         Exhibits

Item 9.01         Exhibits.     Exhibit Number Description (d) Exhibits 99.1 MIND Technology, Inc. press release dated January 5, 2024   104 Cover Page Interactive Data File (embedded within the Inline XBRL document)            

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     MIND Technology, Inc.           January 8, 2024 By: /s/ Robert P. Capps       Name: Robert P. Capps Title: President and Chief Executive Officer      

View Full Filing

View this 8-K filing on SEC EDGAR