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

     
Date of Report (Date of Earliest Event Reported):   November 6, 2012

Mitcham Industries, Inc.
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(Exact name of registrant as specified in its charter)

     
Texas 000-25142 76-0210849
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
8141 SH 75 South, P.O. Box 1175, Huntsville, Texas   77342
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(Address of principal executive offices)
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(Zip Code)
     
Registrant’s telephone number, including area code:   936-291-2277

Not Applicable
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Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

The Company has entered into new Equipment Purchase Agreements with Sercel, Inc. and Sercel S.A. relating to the Unite cable-free recording system and the DSU3 three-component digital recording system. Under the terms of the agreements the Company is the exclusive authorized third party lessor for the DSU3 product through December 31, 2013 and for the Unite product through September 30, 2014. The Company has agreed to purchase certain quantities of each of the products during the term of the agreements.






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.

         
    Mitcham Industries, Inc.
          
November 13, 2012   By:   Robert P. Capps
       
        Name: Robert P. Capps
        Title: Executive Vice President and CFO