{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-025605","form_type":"8-K","ticker":"GEOS","cik":"0001001115","company_name":"GEOSPACE TECHNOLOGIES CORP","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.827174+00:00","generated_at":"2026-05-31T10:38:15.967105+00:00","sec_items":["2.02","5.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Geospace Q3 revenue $25.9M, net loss $2.1M; CEO succession; buyback extended","bullets":["Q3 fiscal 2024 revenue $25.9M (down 21% YoY); net loss $2.1M ($0.16/share) vs net income $3.2M ($0.24/share) in prior year.","Oil & Gas segment revenue fell 48% to $9.2M due to rental fleet gaps; Adjacent Markets record $16.0M up 7.5%.","CEO transition: EVP/COO Rich Kelley becomes President/CEO on Oct 1, 2024; current CEO Rick Wheeler stays as advisor through Dec 31, remains on board.","Stock repurchase program extended from $5M to $7M; 512,000 shares repurchased as of Aug 7, 2024.","Strong balance sheet: $42.5M cash/short-term investments, no debt, $15M credit line; Q4 capex expected $5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-025605","json":"https://secwatch.observer/filing/0001437749-24-025605.json","markdown":"https://secwatch.observer/filing/0001437749-24-025605.md","text":"https://secwatch.observer/filing/0001437749-24-025605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924025605/0001437749-24-025605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924025605/geos20240808_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:38:15.967105+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":[{"claim_id":"4d983546d7","claim":"Walter (Rick) Wheeler changed role as Principal Executive Officer and Senior Strategic Advisor at GEOSPACE TECHNOLOGIES CORP.","evidence_excerpt":"Walter (Rick) Wheeler will remain with the Company as Principal Executive Officer and Senior Strategic Advisor to the CEO through and until his retirement on December 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924025605/0001437749-24-025605-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will remain as Principal Executive Officer and Senior Strategic Advisor"},{"label":"Role","value":"Principal Executive Officer and Senior Strategic Advisor"}],"fact_type":"executive_change"},{"claim_id":"a953dd727d","claim":"Richard (Rich) Kelley was elected as President and Chief Executive Officer at GEOSPACE TECHNOLOGIES CORP.","evidence_excerpt":"the Company’s Board of Directors elected Richard (Rich) Kelley, currently serving as Executive Vice President and Chief Operating Officer, to the role of President and Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000143774924025605/0001437749-24-025605-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}