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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100