Dawson Geophysical extends COO and CFO agreements through 2025, restores base salaries

DAWSON GEOPHYSICAL CO

Employment terms for COO C. Ray Tobias and CFO James Brata extended to Feb 11, 2025, with automatic annual renewal.
Base salary restored to pre-COVID levels: Tobias $400,000, Brata $350,000, effective Feb 11, 2023.
Retention payments of $241,126 (Tobias) and $205,137 (Brata) payable if employed through term date.
Executives waive enhanced severance rights related to the pending Wilks Brothers merger, agree no change of control.

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