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Mitcham Industries, Inc. (Form: 8-K)  

 

UNITED STATES
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):   September 18, 2015

Mitcham Industries, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Texas 000-25142 76-0210849
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
8141 SH 75 South, P.O. Box 1175, Huntsville, Texas   77342
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   936-291-2277

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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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 September 21, 2015, Mitcham Industries, Inc. (the "Company") announced with deep sadness that Billy F. Mitcham, Jr., President and Chief Executive Officer, has passed away. Following Mr. Mitcham’s death, the Board of Directors of the Company has appointed Messrs. Robert Capps and Guy Malden, who were recently promoted to co-Chief Operating Officers of the Company, to serve as interim co-CEOs, effective immediately.





Item 8.01 Other Events.

On September 21, 2015, the Company issued a press release related to the death of its founder, President and CEO, Billy F. Mitcham, Jr. The full text of the press release is incorporate herein by reference and is included as Exhibit 99.1 to this Current Report on Form 8-K.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99.1 Mitcham Industries, Inc. press release dated September 21, 2015





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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.

         
    Mitcham Industries, Inc.
          
September 21, 2015   By:   Robert P. Capps
       
        Name: Robert P. Capps
        Title: Co-Chief Executive Officer and Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Mitcham Industries, Inc. press release dated September 21, 2015
EX-99.1

NEWS RELEASE

         
    Contacts:  
Rob Capps, EVP & Co-COO
Mitcham Industries, Inc.
936-291-2277
FOR IMMEDIATE RELEASE  
 

Jack Lascar / Jenny Zhou
Dennard ? Lascar Associates
713-529-6600

MITCHAM INDUSTRIES ANNOUNCES PASSING OF
CHIEF EXECUTIVE OFFICER BILLY F. MITCHAM JR.

HUNTSVILLE, TX – September 21, 2015 – With deep sadness, Mitcham Industries, Inc. (NASDAQ: MIND) announced today that President and CEO Billy F. Mitcham Jr. has passed away. Mr. Mitcham, the original founder of the Company, served as the President and Chief Executive Officer of the Company from 1987 until his untimely and unexpected death. During his more than 35-year tenure at Mitcham Industries, he was instrumental in building the company into the largest independent lessor of advanced seismic equipment to the global seismic industry. Messrs. Robert Capps and Guy Malden, who were recently promoted to co-Chief Operating Officers of the Company, will become interim co-CEOs, effective immediately.

Peter H. Blum, Chairman of Mitcham Industries, commented, “It is with great sadness that we mourn the passing of Bill Mitcham. Bill was a great leader with a strong strategic vision and a wonderful and trusted friend to all who knew him. His knowledge of the seismic industry was second to none, and he was universally respected both within our company and in our industry. Our thoughts and prayers are with the Mitcham family.”

ABOUT MITCHAM INDUSTRIES
Mitcham Industries, Inc., a geophysical equipment supplier, offers for lease or sale, new and “experienced” seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. Headquartered in Texas, with sales and services offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia; Budapest, Hungary; Lima, Peru; Bogota, Colombia and the United Kingdom, Mitcham conducts operations on a global scale and is the largest independent exploration equipment lessor in the industry. Through its Seamap business, the Company designs, manufactures and sells specialized seismic marine equipment.

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