Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table provides information with respect to purchases of common stock of the Company made during the three months ended June 30, 2024:
+Added: The following table provides information with respect to purchases of common stock of the Company made during the three months ended December 31, 2024:
Total Number of Shares Purchased (1)
2 unchanged sentences
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1)
−Removed: April 1, 2024 through April 30, 2024
−Removed: May 1, 2024 through May 31, 2024
−Removed: June 1, 2024 through June 30, 2024
−Removed: (1) On May 9, 2024, the Board of Directors of the Company authorized a stock repurchase program under which the Company may repurchase up to $5 million of its outstanding stock.
−Removed: Under the repurchase program, the Company may purchase shares of common stock on a discretionary basis from time to time through open market transactions through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Exchange Act, or otherwise.
+Added: October 1, 2024 through October 31, 2024
+Added: November 1, 2024 through November 30, 2024
+Added: December 1, 2024 through December 31, 2024
+Added: (1) On May 9, 2024, Company's Board of Directors (the "Board') authorized a stock repurchase program (the "Program") under which the Company may repurchase up to $5 million of its outstanding stock.
+Added: On August 8, 2024, the Board approved an extension to the Program increasing the dollar amount of shares allowed to be purchased to $7 million.
+Added: Under the Program, the Company may purchase shares of common stock on a discretionary basis from time to time through open market transactions through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Exchange Act, or otherwise.
The timing and number of shares repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions.
−Removed: The repurchase program has no time limit, does not obligate the Company to acquire a specified number of shares and may be modified, suspended or discontinued at any time at the Company’s discretion.
+Added: The Program has no time limit, does not obligate the Company to acquire a specified number of shares and may be modified, suspended or discontinued at any time at the Company’s discretion.
The repurchase plan will be funded using existing cash or future cash flow.
The following exhibits are filed with this Report on Form 10-Q or are incorporated by reference
+Added: Employment Termination Agreement dated January 1, 2025 between the Company and Walter R.
Amended and Restated Certificate of Formation of Geospace Technologies Corporation (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, filed May 8, 2015).
6 unchanged sentences
Section 1350.
−Removed: The following financial information from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, formatted in Inline Extensible Business Reporting Language (iXBRL):
−Removed: (i) the Consolidated Balance Sheets at June 30, 2024 and September 30, 2023 , (ii) the Consolidated Statements of Operations for the three and nine months ended June 30, 2024 and 2023, (iii) the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended June 30, 2024 and 2023, (iv) the Consolidated Statements of Stockholders’ Equity for the three and nine months ended June 30, 2024 and 2023, (v) the Consolidated Statements of Cash Flows for the nine months ended June 30, 2024 and 2023 and (vi) Notes to Consolidated Financial Statements.
−Removed: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 formatted in Inline XBRL and contained in Exhibit 101.
+Added: The following financial information from the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, formatted in Inline Extensible Business Reporting Language (iXBRL):
+Added: (i) the Consolidated Balance Sheets at December 31, 2024 and September 30, 2024 , (ii) the Consolidated Statements of Operations for the three months ended December 31, 2024 and 2023, (iii) the Consolidated Statements of Comprehensive Income for the three months ended December 31, 2024 and 2023, (iv) the Consolidated Statements of Stockholders’ Equity for the three months ended December 31, 2024 and 2023, (v) the Consolidated Statements of Cash Flows for the three months ended December 31, 2024 and 2023 and (vi) Notes to Consolidated Financial Statements.
+Added: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2024 formatted in Inline XBRL and contained in Exhibit 101.
* Filed with this Quarterly Report on Form 10-Q
2 unchanged sentences
GEOSPACE TECHNOLOGIES CORPORATION
−Removed: August 9, 2024
−Removed: /s/ Walter R.
−Removed: Wheeler, President
+Added: February 6, 2025
+Added: /s/ Richard J.
+Added: Kelley, President
and Chief Executive Officer
(duly authorized officer)
−Removed: August 9, 2024
+Added: February 6, 2025
/s/ Robert L.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.