SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
October 26, 2007
TGC INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Texas (State of incorporation) |
001-32472 (Commission File No.) |
74-2095844 (IRS Employer Identification No.) |
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101 E.
Park Blvd., Suite 955 (Address of principal executive offices) (Zip Code) |
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Registrant’s telephone number, including area code: (972) 881-1099
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 26, 2007, the Board of Directors of TGC Industries, Inc. (the “Company”) announced their decision to transfer the listing of the Company’s Common Stock from the American Stock Exchange to The NASDAQ Global Select Market. Effective November 6, 2007, the Company will trade under the symbol (NASDAQ: TGE). A copy of the Company’s October 26, 2007, press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
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(d) |
Exhibits. |
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The following exhibit is furnished on this Form 8-K: |
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99.1 Press release of the Company dated October 26, 2007. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TGC INDUSTRIES, INC. |
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Date: October 31, 2007 |
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/s/ WAYNE A. WHITENER |
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Wayne A. Whitener |
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President and CEO |
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(Principal Executive Officer) |
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Exhibit 99.1
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NEWS RELEASE |
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CONTACTS: |
Wayne Whitener |
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Chief Executive Officer |
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TGC Industries |
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(972) 881-1099 |
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Jack Lascar, Partner |
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Karen Roan, SVP |
FOR IMMEDIATE RELEASE |
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DRG&E (713) 529-6600 |
TGC INDUSTRIES MOVES TO THE
NASDAQ GLOBAL SELECT MARKET
PLANO, TEXAS — OCTOBER 26, 2007 — TGC Industries, Inc. (AMEX: TGE) announced today that its board of directors has approved the decision to switch the listing of its common stock from the American Stock Exchange to The NASDAQ Global Select Market. Effective November 6, 2007, the company will trade under the symbol (NASDAQ: TGE).
Wayne Whitener, President and CEO of TGC Industries, stated, “This decision was reached after careful consideration of capital market alternatives and analysis of the electronic market model, which provides added visibility to our investors. We believe that NASDAQ’s electronic multiple market maker structure will provide our company with enhanced exposure and liquidity, while at the same time providing investors with the best prices, the fastest execution and the lowest cost per trade. As the world’s largest electronic stock market, NASDAQ promotes innovation and attracts leading growth companies from a diverse group of sectors. We are pleased to be joining The NASDAQ Stock Market.”
TGC Industries, Inc., based in Plano, Texas, with branch offices in Houston, Oklahoma City and Denver, is one of the leading providers of seismic data acquisition services throughout the continental United States.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements are based on our current expectations and projections about future events. All statements other than statements of historical fact included in this press release regarding the Company are forward looking statements. There can be no assurance that those expectations and projections will prove to be correct.
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