ION Geophysical Corporation (NYSE:IO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 6, 2019, ION Geophysical Corporation (the “Company”) issued the attached press release announcing the election of Ms. Tina Wininger to the Board of Directors of the Company (the “Board”) and her appointment to the Audit Committee of the Board, effective June 7, 2019. Ms. Wininger was elected as a Class III Director, for a term commencing on June 7, 2019, and expiring at the 2020 annual meeting of the Company’s stockholders or until her successor shall have been elected and qualified or her earlier resignation or removal.

Also effective June 7, 2019, the Company announced Mr. David H. Barr’s resignation from the Audit Committee of the Board. (Mr. Barr continues to serve on the Board.)

Ms. Wininger, age 50, is Controller at Next Wave Energy Partners, LP, an independent energy company focused on midstream and downstream petrochemical and fuels assets. Since 2010, Ms. Wininger has also served as the CFO, a member of the Board of Directors and Chairman of the Finance committee for The Micah Project, a non-profit organization focused on at-risk young men in Honduras. From 2005 to 2010, Ms. Wininger was the Chief Accounting Officer and Vice President of Accounting of Plains All American Pipeline, LP, a Fortune 100 company listed on the NYSE which had approximately $25 billion in annual revenues and $4 billion of market cap during her tenure. She also served as their Controller from 2000 to 2005. From 1997 to 2000, Ms. Wininger lived in Venezuela and served as a consultant to Conoco de Venezuela S.A. on their exploration project in La Ceiba. From 1994 to 1997, she was the Controller of Plains Resources Inc., an oil and gas exploration and production company. From 1991 to 1994, she was with Arthur Andersen & Co. where she worked in their oil and gas audit practice in New Orleans and the surrounding areas. She holds a Bachelor of Science degree in Management with a concentration in accounting from Tulane University.

There are no arrangements or understandings between Ms. Wininger and any other persons, to which she was appointed to the office described above and no family relationships among any of the Company’s directors or executive officers and Ms. Wininger. Ms. Wininger does not have any direct or indirect interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

ION GEOPHYSICAL CORP Exhibit
EX-99.1 2 exhibit-pressrelease.htm EXHIBIT 99.1 Exhibit     Exhibit 99.1ION announces new appointment to its Board of Directors HOUSTON – June 6,…
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About ION Geophysical Corporation (NYSE:IO)

ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company’s Systems segment’s products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company’s Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services.