---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015217"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T15:08:41.150859+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MIND revises preferred stock conversion to 3.9 common shares; meeting rescheduled to June 13

## Summary
- Each preferred share convertible into 3.9 common shares (up from 2.7) at Board's discretion before July 31, 2024.
- Virtual special meeting of preferred stockholders rescheduled to June 13, 2024; record date April 26, 2024.
- Two-thirds (66 2/3%) approval required from preferred stockholders; common holders not entitled to vote.
- Revised conversion implies ~112% premium to preferred stock market value as of March 3, 2024.
- Preferred stockholders would hold ~82% of common stock post-conversion; management cites improved financial flexibility.

## SEC filing metadata
- accession: 0001437749-24-015217
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774924015217/0001437749-24-015217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774924015217/mind20240507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015217
- JSON: https://secwatch.observer/filing/0001437749-24-015217.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015217.txt

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