Company: DWSN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001558370-25-006017
Chunk: 12

Company: DAWSON GEOPHYSICAL CO
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 12
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2023, it was determined by the Board of Directors that the employment of (i) Stephen C. Jumper, the Company’s President and Chief Executive Officer; (ii) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate on December 20, 2023. Messrs. Jumper, Brata and Tobias received $1,040,162, $478,416 and $539,853, respectively. This severance will be paid out in bi-weekly payments for (ii) and (iii) until February of 2025, and bi-weekly payments for (i) until December of 2025. The amounts shown in this column represent severance payments and accruals associated with the termination of Messrs. Jumper, Brata and Tobias. |

| (3) | The amounts shown in this column include the matching contributions under our 401(k) plan for the following Named Executive Officers for the years ending December 31, 2024 and 2023, respectively: Mr. Clark - $5,000 and $14,000; Mr. Mays - $14,000 and $8,800; Mr. Shaw - $0 and $0; Mr. Jumper – $0 amd $19,800; Mr. Brata – $0 and $18,000; and Mr. Tobias – $0 and $18,000. |

| (4) | For the year ended December 31, 2024, Anthony Clark received 150, Ray Mays received 0, and Ian shaw received 0 shares of company stock related to anniversary awards. For the year ended December 31, 2023, none of our named executive officers received any stock awards or option awards. |

On December 14, 2023, the Company entered into an amended and restated employment agreement with Mr. Clark (replacing his originalemployment agreement, which was effective June 16, 2023), and employment agreements with each of Messrs. Mays and Shaw (the “Employment Agreements”). Under the terms of the employment agreements, Messrs. Clark and Mays will be paid a base salary of $350,000 and $320,000 annually, Mr. Shaw will be paid $10,000 per month. Additionally, Messrs. Clark and Mays will be