Dawson Geophysical fails Nasdaq audit committee rule after two director resignations

DAWSON GEOPHYSICAL CO

Directors Ted R. North and Mark A. Vander Ploeg resigned effective March 23, 2022, not due to disagreement.
Audit committee now lacks three independent directors, violating Nasdaq Rule 5605(c)(2)(A).
Cure period expires at earlier of next annual meeting or March 22, 2023; Board plans to appoint new independent directors.
Company notified Nasdaq of non-compliance on March 24, 2022.

item 3.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Mark A. Vander Ploeg

Director

DWSN · DAWSON GEOPHYSICAL CO

Effective: 2022-03-23
Filed: March 25, 2022, 7:59 PM ET

On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022

Departed

Ted R. North

Director

DWSN · DAWSON GEOPHYSICAL CO

Effective: 2022-03-23
Filed: March 25, 2022, 7:59 PM ET

On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark A. Vander Ploeg resigned as Director at DAWSON GEOPHYSICAL CO.

Action: resigned
Role: Director

Exact text from the filing

On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ted R. North resigned as Director at DAWSON GEOPHYSICAL CO.

Action: resigned
Role: Director

Exact text from the filing

On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022

View on SEC.gov

DAWSON GEOPHYSICAL CO filing history →

Source: SEC EDGAR

accession 0001104659-22-037587

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