MIND Technology defers Series A preferred dividend for 6th quarter; preferred holders gain board seats

MIND TECHNOLOGY, INC

Board elected not to declare Q4 FY2024 dividend on 9.00% Series A Cumulative Preferred Stock.
This is the sixth consecutive quarterly deferral, triggering preferred holders' right to appoint two directors.
Board size will automatically increase from five to seven directors; special meeting can be called by 25% of preferred holders.
During deferral period, MIND may not pay dividends or distributions on common stock or redeem common shares.
Accrued dividends on Series A Preferred Stock accumulate and must be paid before common dividends resume.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.