secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001437749-23-019450
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace CTO Michael Sheen retires; Robbin Adams appointed as successor
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- Michael Sheen retired as SVP & CTO effective June 30, 2023; consulting agreement for $250/hr starting July 1.
- Sheen receives salary continuation (paid after 6 months, not before Jan 2024), prorated FY2023 bonus, and full vesting of unvested RSUs.
- Robbin Adams, former EVP & Chief Product Engineer since 2012, appointed SVP & CTO effective July 1, 2023.
- Consulting term is one year, auto-renewing; either party may terminate with 30 days' notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923019450/0001437749-23-019450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000143774923019450/geos20230705_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-019450

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