MIND Technology Defers Series A Preferred Stock Dividend for Eighth Quarter
Portfolio Pulse from Benzinga Newsdesk
MIND Technology, Inc. (NASDAQ:MIND) has deferred its Series A Preferred Stock dividend for the eighth consecutive quarter. This deferral allows holders of the Series A Preferred Stock to appoint two directors to the Board.

July 05, 2024 | 3:01 pm
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MIND Technology has deferred its Series A Preferred Stock dividend for the eighth consecutive quarter. This deferral allows holders of the Series A Preferred Stock to appoint two directors to the Board.
The deferral of the Series A Preferred Stock dividend for the eighth consecutive quarter is a negative signal for investors, indicating potential financial stress. Additionally, the right of preferred stockholders to appoint two directors to the Board may lead to changes in company governance.
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