8-K
filed January 18, 2022, 6:59 PM ET
ticker DWSN
CIK 0000799165
M&A
confidence high
sentiment neutral
materiality 0.80
Wilks Brothers completes tender offer for Dawson Geophysical; acquires 73.5% control
DAWSON GEOPHYSICAL CO
- Merger Sub purchased 15.3M shares at $2.34 per share; total consideration approx. $35.8M in cash.
- Combined with existing Wilks ownership, total represents ~73.5% of outstanding shares; change in control effective.
- Directors Stephen Jumper, Craig Cooper, and Michael Klofas resigned; Matt Wilks, Sergei Krylov, Bruce Bradley appointed.
- Matt Wilks appointed Chairman; Bruce Bradley named to Audit Committee.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig Cooper resigned as Director at DAWSON GEOPHYSICAL CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
Stephen Jumper, Craig Cooper and Michael Klofas each resigned as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sergei Krylov was appointed as Director at DAWSON GEOPHYSICAL CO.
- Action
- appointed
- Role
- Director
Exact text from the filing
Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matt Wilks was appointed as Chairman at DAWSON GEOPHYSICAL CO.
- Action
- appointed
- Role
- Chairman
Exact text from the filing
Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors, with Mr. Wilks appointed to serve as Chairman
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bruce Bradley was appointed as Director at DAWSON GEOPHYSICAL CO.
- Action
- appointed
- Role
- Director
Exact text from the filing
Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Jumper resigned as Director at DAWSON GEOPHYSICAL CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
Stephen Jumper, Craig Cooper and Michael Klofas each resigned as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Klofas resigned as Director at DAWSON GEOPHYSICAL CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
Stephen Jumper, Craig Cooper and Michael Klofas each resigned as directors
View on SEC.gov
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