---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-023562"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:32:41.073987+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical extends CEO Jumper's contract to 2026, sets base salary at $360,000, retention payment of $385,082

## Summary
- Employment term extended to Feb 11, 2026, with automatic three-year rolling extensions unless either party gives 60-day notice.
- Base salary restored to $360,000 per year, effective Feb 11, 2023, after prior reduction period.
- Retention payment of $385,082 to be paid in lump sum within 30 days of Feb 11, 2023, subject to continuous employment.
- CEO waives change-of-control severance rights related to the Wilks Brothers merger and agrees it does not constitute a change of control.
- Severance after Feb 11, 2024: 12 months base salary plus prorated target performance bonus, subject to release and four-month employment.

## SEC filing metadata
- accession: 0001104659-23-023562
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465923023562/0001104659-23-023562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465923023562/tm237342d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-023562
- JSON: https://secwatch.observer/filing/0001104659-23-023562.json
- Plain text: https://secwatch.observer/filing/0001104659-23-023562.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.