GEOSPACE TECHNOLOGIES CORP Files 8-K

TL;DR

GEOSPACE TECHNOLOGIES CORP filed an 8-K. Check for financial updates and other events.

AI Summary

On September 19, 2024, GEOSPACE TECHNOLOGIES CORP filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits," indicating updates or disclosures related to the company's financial status and significant occurrences. No specific financial figures or new events were detailed in the provided excerpt.

Why It Matters

This 8-K filing signals to investors and the market that GEOSPACE TECHNOLOGIES CORP is providing important updates or disclosures. Investors should review the full filing for details on any material events or financial information.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report, and the provided excerpt does not contain information that inherently suggests high risk.

Key Players & Entities

• GEOSPACE TECHNOLOGIES CORP (company) — Registrant
• 7007 Pinemont (location) — Principal Executive Offices Address
• Houston (location) — Principal Executive Offices City
• Texas (location) — Principal Executive Offices State
• 77040 (location) — Principal Executive Offices Zip Code
• 713-986-4444 (phone_number) — Registrant's Telephone Number

FAQ

Filing Documents

• geos20240919_8k.htm (8-K) — 30KB
• ex_725692.htm (EX-99.1) — 10KB
• geospace01.jpg (GRAPHIC) — 14KB
• geospace02.jpg (GRAPHIC) — 14KB
• 0001437749-24-029612.txt ( ) — 211KB
• geos-20240919.xsd (EX-101.SCH) — 3KB
• geos-20240919_def.xml (EX-101.DEF) — 11KB
• geos-20240919_lab.xml (EX-101.LAB) — 15KB
• geos-20240919_pre.xml (EX-101.PRE) — 11KB
• geos20240919_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events Segment Realignment Geospace Technologies Corporation (the "Company") is effecting changes to its business segment structure to more accurately reflect its on-going diversification efforts. Beginning in fiscal year 2025, the Company will operate under three new business segments: Smart Water, Energy Solutions and Intelligent Industrial. The three new segments replace Oil and Gas Markets, Adjacent Markets and Emerging Markets, which were adopted in 2018 following several diversification-oriented acquisitions. Financial reporting on these new business segments will be represented in the first quarter of fiscal year 2025 reports. The Smart Water segment will emphasize the Company's targeted approach to growing its footprint in the water management industry. This business segment contains the highly successful Hydroconn smart water connectivity offerings along with the Aquana products. The Energy Solutions segment will encompass the Company's traditional business in oil and gas land and marine exploration products, reservoir monitoring solutions, and will additionally incorporate emerging energy solutions and microseismic monitoring. This segment will include energy-related business from Quantum's SADAR products and associated analytics. The Intelligent Industrial segment will maintain the business from the Company's former Adjacent Markets segment including industrial sensors, electronic pre-press solutions and specialized contract manufacturing. The defense and security applications offered by Quantum will also be reflected in the Intelligent Industrial business segment. See attached press release for more information.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit Description Exhibit 99 Press Release dated September 19, 2024 Exhibit 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. GEOSPACE TECHNOLOGIES CORPORATION Date: September 19, 2024 By: /s/ Robert L. Curda Robert L. Curda Vice President, Chief Financial Officer & Secretary