secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001104659-22-119545
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465922119545/0001104659-22-119545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465922119545/tm2230641d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-119545

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