---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-023841"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2022-10-07T23:59:59+00:00"
generated_at: "2026-06-23T04:50:51.015900+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MIND defers Series A Preferred dividend; backlog $19.3M, orders $29M+

## Summary
- Board elected not to declare Q3 FY2023 cash dividend on 9.00% Series A Cumulative Preferred Stock.
- Dividend is cumulative; unpaid distributions accrue for future payment.
- Backlog $19.3M as of July 31, 2022, with over $1.3M additional orders and total bookings >$29M this fiscal year.
- Deferral due to potential liquidity demands to complete orders and timing uncertainty of receivables.
- Company has positive working capital and no funded debt; common dividends and redemptions prohibited during deferral.

## SEC filing metadata
- accession: 0001437749-22-023841
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2022-10-07T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774922023841/0001437749-22-023841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774922023841/mind20221007_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-023841
- JSON: https://secwatch.observer/filing/0001437749-22-023841.json
- Plain text: https://secwatch.observer/filing/0001437749-22-023841.txt

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