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MarketScreener Homepage  >  Equities  >  Nasdaq  >  MIND Technology, Inc.    MIND

MIND TECHNOLOGY, INC.

(MIND)
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MITCHAM INDUSTRIES INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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06/25/2020 | 05:20pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Amendment to Employment Agreement

On June 19, 2020 (the "Effective Date"), Mitcham Industries, Inc. (the "Company") entered into Amendment No.1 to Employment Agreement (the "Amendment") to its employment agreement with Guy M. Malden, Co-Chief Executive Officer, Executive Vice President - Marine Systems. The amended agreement expires on December 31, 2021 (the "Expiration Date") and provides for an annual base salary of $232,000. All unvested equity incentive awards as of Expiration Date shall be automatically vested within 60 days following the Expiration Date and will remain exercisable through the original term of the option.

The forgoing description of Mr. Malden's amended employment agreement is qualified in its entirety by, the terms of the Agreement. A copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number               Description
                               Amendment No. 1 to Guy M. Malden's Employment Agreement (dated June
10.1                         19, 2020)










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