{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-009125","form_type":"8-K","ticker":"MIND","cik":"0000926423","company_name":"MIND TECHNOLOGY, INC","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.321182+00:00","generated_at":"2026-06-04T08:54:12.516774+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MIND Technology proposes converting preferred stock to common at 2.7:1 ratio, needs 2/3 vote by April 25","bullets":["Each share of 9% Series A Preferred would convert into 2.7 common shares at Board's discretion before July 31, 2024.","Preferred stockholders must approve by two-thirds vote at virtual special meeting on April 25, 2024; common holders do not vote.","CEO cites insufficient cash flow to pay six deferred quarterly dividends; no dividends expected for foreseeable future.","Based on March 11 market values, conversion offers ~110% premium to preferred stock market value.","If converted, current preferred holders would own approximately 76% of the Company's common stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-009125","json":"https://secwatch.observer/filing/0001437749-24-009125.json","markdown":"https://secwatch.observer/filing/0001437749-24-009125.md","text":"https://secwatch.observer/filing/0001437749-24-009125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/926423/000143774924009125/0001437749-24-009125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/926423/000143774924009125/mind20240325_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:54:12.516774+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}