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EX-10.1 - EX-10.1 - GEOSPACE TECHNOLOGIES CORPd905065dex101.htm

 

 

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): April 6, 2015

 

 

GEOSPACE TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Commission File Number: 001-13601

 

DE   76-0447780

(State or other jurisdiction

of incorporation)

 

(IRS Employer

Identification No.)

7007 Pinemont Drive, Houston, TX 77040

(Address of principal executive offices, including zip code)

(713) 986-4444

(Registrant’s telephone number, including area code)

 

(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

On April 6, 2015, Geospace Technologies Corporation (the “Company”) entered into a Waiver and Consent Letter regarding its existing Loan Agreement dated September 27, 2013 among the Company, certain domestic subsidiaries of the Company, as guarantors, and Frost Bank, as amended by that certain First Amendment to Loan Agreement dated December 16, 2013. The Consent Letter evidences Frost Bank’s waiver and agreement to consent to the re-incorporation of the Company from the State of Delaware to the State of Texas.

The above description of the Consent Letter is qualified in its entirety by reference to the complete text of the Consent Letter filed as Exhibit 10.1 hereto, which is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits

Exhibits:

 

10.1 Waiver and Consent Letter to Loan Agreement effective April 6, 2015 among Geospace Technologies Corporation, as borrower, certain subsidiaries of Geospace Technologies Corporation, as guarantors, and Frost Bank, as lender.


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.

 

GEOSPACE TECHNOLOGIES CORPORATION
Date: April 7, 2015
By:

/s/ Thomas T. McEntire

Thomas T. McEntire
Vice President, Chief Financial Officer and Secretary