GEOS 8-K
Geospace Technologies Corp (GEOS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events
On February 27, 2023, Geospace Technologies Corporation (the “Company”) completed the sale of its satellite property located at 6410 Langfield Road in Houston, Texas at a sales price of $4,000,000. The Company is in the process of relocating the operations of this facility to its main campus at 7700 Pinemont Drive in Houston, Texas. The satellite property provides additional warehousing and maintenance and repair capacity for the Company’s marine rental equipment operations. In conjunction with the sale, the Company entered into a three-month lease agreement with the buyer to remain in possession of the facility during the relocation process. The sale was part of the Company’s plan to streamline operations and reduce costs.
Item 9.01. Financial Statements and Exhibits
Exhibit 104 Cover Page Interactive Data (embedded within the Inline XBRL document).
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.
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GEOSPACE TECHNOLOGIES CORPORATION |
Date: February 28, 2023 |
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By: /s/ Robert L. Curda |
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Robert L. Curda |
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Vice President, Chief Financial Officer & Secretary
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