---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101938"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:13:33.569220+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Stockholders approve conversion of $9.88M note into 5.8M shares at $1.70/share

## Summary
- At special meeting on Sep 13, 2023, stockholders approved issuance of 5,811,765 common shares upon conversion of $9.88M convertible note to Wilks Brothers.
- Conversion price set at $1.70 per share; note automatically converted upon approval.
- Votes: 19,240,507 for, 1,330,223 against, 253,282 abstain (Conversion Proposal).
- Adjournment proposal also passed: 19,241,030 for, 1,329,197 against.

## SEC filing metadata
- accession: 0001104659-23-101938
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465923101938/0001104659-23-101938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465923101938/tm2326437d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101938
- JSON: https://secwatch.observer/filing/0001104659-23-101938.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101938.txt

## Key facts
- Shareholder Votes
  DAWSON GEOPHYSICAL CO shareholders approved Adjournment Proposal: adjourn the Special Meeting to solicit additional proxies if necessary at the 2023-09-13 meeting.
  - Outcome: passed
  - Meeting: 2023-09-13
  source text: Dawson’s stockholders approved the Adjournment Proposal. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED 19,241,030 1,329,197 253,785
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465923101938/0001104659-23-101938-index.htm
- Shareholder Votes
  DAWSON GEOPHYSICAL CO shareholders approved Conversion Proposal: approve and adopt the issuance of the Conversion Shares upon conversion of the Convertible Note at the 2023-09-13 meeting.
  - Outcome: passed
  - Meeting: 2023-09-13
  source text: Dawson’s stockholders approved the Conversion Proposal. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED 19,240,507 1,330,223 253,282
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465923101938/0001104659-23-101938-index.htm

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