UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 5, 2021, James W. Thomas, Chief Technology Officer and Executive Vice President of Dawson Geophysical Company (the “Company”), mutually agreed with the Company to reduce his responsibilities and executive role with the Company and step down from his position as an executive officer of the Company. Mr. Thomas will continue to be employed by the Company on a part time basis in the role of Geophysical Advisor.
Accordingly, the Company and Mr. Thomas mutually agreed to modify and replace the terms of his existing employment agreements, including (i) the Employment Agreement between the Company and Mr. Thomas, dated as of October 8, 2018 and with an effective date of February 11, 2015; (ii) the Letter Agreement between the Company and Mr. Thomas, dated February 15, 2016 and effective as of February 11, 2016; (iii) the Letter Agreement between the Company and Mr. Thomas, dated May 4, 2018 and effective as of May 1, 2018; and (iv) Letter Agreement between the Company and Mr. Thomas, dated April 15, 2020 and effective as of April 15, 2020. The foregoing agreements were terminated and superseded by the terms of the new part time employment arrangement between the Company and Mr. Thomas effective on April 5, 2021.
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.
| DAWSON GEOPHYSICAL COMPANY | ||
| Date: April 5, 2021 | By: | /s/ James K. Brata |
| James K. Brata | ||
| Executive Vice President, Chief Financial Officer, Secretary and Treasurer | ||