secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001437749-25-006029
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace Technologies enters new employment agreements with CEO and CFO effective Jan 1, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000143774925006029/0001437749-25-006029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000143774925006029/geos20250304_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-006029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer