Dawson Geophysical finalizes separation agreements with CEO, CFO, COO

DAWSON GEOPHYSICAL CO

CEO Stephen Jumper, CFO James Brata, and COO C. Ray Tobias terminated; effective Dec 20, 2023; responsibilities ceased Nov 20.
Base salary continuation: Brata and Tobias through Feb 11, 2025; Jumper through Dec 20, 2025.
Tobias receives $456,667 salary continuation, $27,259 COBRA lump sum, and company vehicle (2023 Ford F-150) transfer.
Executives reaffirm confidentiality, non-compete, non-solicitation covenants and grant general release of claims.
Company to pay club membership dues for Jumper for 24 months post-termination.

item 5.02 item 9.01

Executive movements

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

Departed

C. Ray Tobias

Chief Operating Officer

DWSN · DAWSON GEOPHYSICAL CO

Effective: 2023-12-20
Filed: December 1, 2023, 6:59 PM ET

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

Departed

Stephen C. Jumper

President and Chief Executive Officer

DWSN · DAWSON GEOPHYSICAL CO

Effective: 2023-12-20
Filed: December 1, 2023, 6:59 PM ET

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

Departed

James K. Brata

Chief Financial Officer

DWSN · DAWSON GEOPHYSICAL CO

Effective: 2023-12-20
Filed: December 1, 2023, 6:59 PM ET

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

C. Ray Tobias was terminated as Chief Operating Officer at DAWSON GEOPHYSICAL CO.

Action: terminated
Role: Chief Operating Officer

Exact text from the filing

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen C. Jumper was terminated as President and Chief Executive Officer at DAWSON GEOPHYSICAL CO.

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James K. Brata was terminated as Chief Financial Officer at DAWSON GEOPHYSICAL CO.

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023

View on SEC.gov

DAWSON GEOPHYSICAL CO filing history →

Source: SEC EDGAR

accession 0001104659-23-122824

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