other material
confidence high
sentiment neutral
materiality 0.30
Geospace Technologies enters new employment agreements with CEO and CFO effective Jan 1, 2025
GEOSPACE TECHNOLOGIES CORP
- CEO Richard J. Kelley base salary set at $385,000 under two-year term starting January 1, 2025.
- CFO Robert L. Curda base salary set at $315,000 under two-year term starting January 1, 2025.
- Both agreements replace prior agreements and include severance of 12 months base salary for qualifying terminations.
- Voluntary termination restricted without company consent except for Good Reason; standard cause/death/disability provisions.