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
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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.
Leadership Transitions
On August 5, 2021, Guy M. Malden, the Company’s Co-CEO and Executive Vice President of Marine Operations, informed the Company of his intention to retire effective December 31, 2021. Mr. Malden, who has been employed by the Company since May 2003, indicated his intention to make himself available, on a part-time consulting basis, subsequent to his retirement. No terms or conditions of such consulting arrangement have been discussed.
On August 5, 2021, in connection with Mr. Malden's retirement, the Company's Board of Directors (the "Board") appointed Robert P. Capps as sole Chief Executive Officer and President of the Company effective immediately. Mr. Capps has served as the co-CEO of the Company since 2015, and has served as Executive Vice President of Finance and Chief Financial Officer of the Company since 2006. Mr. Capps' biographical information and employment arrangements may be found in the sections entitled "Proposal 1: Election of Directors" and "Executive Compensation," respectively, in the Company's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on May 28, 2021 (the "Proxy Statement").
In addition, on August 5, 2021, the Board appointed Mark A. Cox as Chief Financial Officer of the Company effective immediately. Mr. Cox has served as Vice President of Finance and Accounting and Chief Accounting Officer of the Company since 2017, and will continue to serve in such offices. Mr. Cox's biographical information and employment arrangements may be found in the sections entitled "Information About Our Executive Officers" and "Executive Compensation," respectively, in the Company's Proxy Statement.
The Board has not determined to make any material changes to Mr. Capps' and Mr. Cox's previously disclosed compensation arrangements at this time.
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.
| MIND Technology, Inc. | ||||||||||||||
| August 11, 2021 | By: | /s/ Robert P. Capps | ||||||||||||
| Name: Robert P. Capps | ||||||||||||||
| Title: President and Chief Executive Officer | ||||||||||||||