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. operates in one business segments, Marine Technology Products. Co.'s Marine Technology Products Segment includes Seamap Pte Ltd, Seamap USA, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively Seamap), which designs, manufactures and sells marine seismic equipment and Klein Marine Systems, Inc. (Klein), which designs, manufactures and sells side scan sonar and water-side security systems. Seamap also provides certain services related to its products, which include repair, engineering, training, field service operations and umbilical terminations.