Geospace Technologies Corp. Invites Stockholders to 2024 Annual Meeting

TL;DR

<b>Geospace Technologies Corporation will hold its 2024 Annual Meeting of Stockholders on February 8, 2024, offering both virtual and in-person attendance options.</b>

AI Summary

GEOSPACE TECHNOLOGIES CORP (GEOS) filed a Proxy Statement (DEF 14A) with the SEC on January 3, 2024. The 2024 Annual Meeting of Stockholders for Geospace Technologies Corporation will be held on February 8, 2024. The meeting will be conducted both virtually via live webcast and in-person at the DoubleTree by Hilton, Houston, Texas. Stockholders are encouraged to vote by proxy, electronically, or telephonically. The Board of Directors recommends voting FOR the election of Class II directors. The Board of Directors recommends voting FOR the ratification of RSM US LLP as the independent public accountant.

Why It Matters

For investors and stakeholders tracking GEOSPACE TECHNOLOGIES CORP, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating the formal solicitation of shareholder votes for the upcoming annual meeting. The company is seeking shareholder approval for director elections and the appointment of its auditor, RSM US LLP, which are critical governance decisions.

Risk Assessment

Risk Level: low — GEOSPACE TECHNOLOGIES CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks disclosed.

Analyst Insight

Stockholders should review the proxy materials and cast their votes for the proposed director nominees and auditor ratification.

Key Numbers

• 2024 — Annual Meeting Year (Geospace Technologies Corporation's 2024 Annual Meeting of Stockholders)
• February 8 — Annual Meeting Date (We will hold the Annual Meeting at 11:00 a.m. on February 8, 2024)
• 11:00 a.m. — Meeting Time (We will hold the Annual Meeting at 11:00 a.m. on February 8, 2024)
• 760447780 — IRS Number (IRS NUMBER: 760447780)

Key Players & Entities

• GEOSPACE TECHNOLOGIES CORP (company) — Filer and Registrant
• RSM US LLP (company) — Proposed independent public accountant
• February 8, 2024 (date) — Date of Annual Meeting
• 2024 (date) — Year of Annual Meeting
• 7139864444 (phone) — Business Phone Number
• 0930 (date) — Fiscal Year End

Forward-Looking Statements

• Stockholder participation in the 2024 Annual Meeting will be high due to the hybrid format. (Geospace Technologies Corporation) — medium confidence, target: 20240208

FAQ

Industry Context

Geospace Technologies Corporation operates in the measuring and controlling devices sector, providing products and services primarily to the oil and gas industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement and annual report for detailed information on proposals.
2. Submit proxy votes electronically, telephonically, or by mail before the meeting.
3. Attend the virtual or in-person meeting to vote directly.

Key Dates

• 2024-02-08: Annual Meeting of Stockholders — Shareholders will vote on director elections and auditor ratification.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders, following the standard DEF 14A format.

Filing Documents

• geos20231219_def14a.htm (DEF 14A) — 459KB
• gt01.jpg (GRAPHIC) — 8KB
• 0001437749-24-000325.txt (&nbsp;) — 472KB

: Gender Identity

Part I: Gender Identity Directors 1 6 -- --

: Demographic Background

Part II: Demographic Background African American or Black -- -- -- -- Alaskan Native or Native American -- -- -- -- Asian -- -- -- -- Hispanic or Latinx -- -- -- -- Native Hawaiian or Pacific Islander -- -- -- -- White 1 6 -- -- Two or more Races or Ethnicities -- -- -- -- LGBTQ+ -- Did not disclose demographic background -- Director Skills Matrix Demographics Functional Industry Intl. Age Total Public Directorships Independent Gender CEO Senior Officer/COO Financial Expertise Applied Science & Engineering Government Relations & Contracts Human Resource Management Geophysics & Seismology Oil & Gas Defense, Homeland Security & Intelligence. Capital Intensive Mfg. Global Gary D. Owens (Chairman) 75 1 M * * * * + * * * Walter R. Wheeler (CEO) 69 1 M * * * * + * + Richard F. Miles 74 1 M * * + * * * * Thomas L. Davis, Ph.D. 76 1 M * + * + + Edgar R. Giesinger, Jr. 67 3 M + * * + Margaret Sidney Ashworth 72 1 F + * * * * Stephen C. Jumper 62 1 M * * + * + * * + Key * Expert + Proficient Competent Limited Stockholder Engagement Geospace Technologies Corporation understands the importance of maintaining a robust stockholder engagement program. During 2023, Geospace continued its long-standing practice of reaching out to stockholders and future investors. Executives, and when appropriate, directors met with stockholders on a variety of topics, including strategy and value propositions, corporate governance, executive compensation, and culture. We spoke a