MIND Technology Inc | 9.00% Series A Cumulative Preferred Stock (MINDP)
Prospectus excerpt: Dividends on the Series A Preferred Stock are cumulative from the date of original issue and will be payable quarterly on or about the last day of January, April, July and October of each year, commencing August 1, 2016 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 9.00% per annum per $25.00 of stated liquidation preference per share, or $2.25 per share of Series A Preferred Stock per year.
MIND Technology provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries. Co.'s Seamap Marine Products business includes Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively Seamap), which designs, manufactures and sells marine seismic equipment. Co.'s Klein Marine Products business includes Klein Marine Systems, Inc., which designs, manufactures and sells side scan sonar and water-side security systems. Seamap's primary products include: the GunLink seismic source acquisition and control systems, the BuoyLink RGPS tracking system, and the SeaLink towed seismic streamer system.