secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001104659-23-127729
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dawson Geophysical enters employment agreements with new CEO, COO, and CFO
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- CEO Tony Clark: $350,000 base salary, 2-year rolling term, severance on change of control.
- COO Ray Mays: $320,000 base salary, 2-year term, performance bonus for 2024 set.
- CFO Ian Shaw: $10,000/month as fractional employee of Wilks Brothers, LLC; no severance.
- Agreements include restrictive covenants and exclude Wilks Brothers from change of control definition.
- Effective date November 20, 2023; agreements signed December 14, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465923127729/0001104659-23-127729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465923127729/tm2333326d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127729

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer