---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-000885"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:49:14.763550+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-000885
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774924000885/0001437749-24-000885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774924000885/mind20240105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-000885
- JSON: https://secwatch.observer/filing/0001437749-24-000885.json
- Plain text: https://secwatch.observer/filing/0001437749-24-000885.txt

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