GEOSPACE TECHNOLOGIES CORPORATION (NASDAQ:GEOS) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
As previously reported in the Original Form 8-K, in a non-binding advisory vote on the frequency of future Say On Pay votes held at the 2017 Annual Meeting, 8,675,355 shares voted for one year, 11,040 shares voted for two years, 940,804 shares voted for three years, 7,161 shares abstained, 1,690,574 were non-votes and 5,250 votes were uncast. The Company has considered the outcome of this advisory vote and has determined, as was recommended with respect to this proposal by the Company’s board of directors in the proxy statement for the 2017 Annual Meeting, that the Company will hold future Say On Pay votes on an annual basis until the occurrence of the next advisory vote on the frequency of Say On Pay votes. The next advisory vote regarding the frequency of Say On Pay votes is required to occur no later than the Company’s 2023 Annual Meeting of Stockholders.
About GEOSPACE TECHNOLOGIES CORPORATION (NASDAQ:GEOS)
Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment. The Company operates through two segments: Seismic and Non-Seismic. The Company’s Seismic product segments include traditional exploration products, wireless exploration products and reservoir products. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices and various other products. The Company’s Non-Seismic product segments include imaging and industrial products. GEOSPACE TECHNOLOGIES CORPORATION (NASDAQ:GEOS) Recent Trading Information
GEOSPACE TECHNOLOGIES CORPORATION (NASDAQ:GEOS) closed its last trading session down -0.12 at 16.30 with 39,534 shares trading hands.