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MIND Technology, Inc., a company specializing in search, detection, navigation, and guidance systems with a market capitalization of $54.34 million, has announced that its 2025 Annual Meeting of Stockholders will be conducted virtually on Thursday, July 17, 2025, at 9:00 a.m. Central Time. The company, which maintains strong financial health according to InvestingPro metrics, has demonstrated robust performance with a 52.73% return over the past year. In a recent SEC filing, the company confirmed that stockholders of record as of the close of business on May 19, 2025, will be eligible to receive the notice of the Annual Meeting and proxy materials. With a healthy current ratio of 3.71 and more cash than debt on its balance sheet, MIND Technology demonstrates solid financial stability heading into the meeting.
The company also provided deadlines for stockholder proposals and director nominations. In accordance with Rule 14a-5(f) of the Securities Exchange Act of 1934, MIND Technology declared that because the Annual Meeting is set more than 30 days before the anniversary date of the prior year’s meeting, it is issuing this notice regarding the submission deadlines. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 10 additional ProTips and detailed financial metrics in its Pro Research Report, available among 1,400+ top stocks covered.
For stockholder proposals to be considered for inclusion in MIND Technology’s proxy materials, they must be received by the Corporate Secretary at the company’s headquarters in The Woodlands, Texas, by the close of business on May 26, 2025. These proposals must also comply with the requirements of the Securities and Exchange Commission and the company’s bylaws to be eligible for inclusion.
Furthermore, stockholders who wish to present business at the Annual Meeting or nominate individuals for election to the Board of Directors outside of Rule 14a-8 must ensure their written notice, containing all required information as specified in the company’s bylaws, is received by the same deadline of May 26, 2025. These submissions must also meet the SEC’s rules and regulations and the company’s bylaws.
This announcement follows the standard protocol for public companies in providing advance notice of key meeting dates and procedural requirements for stockholder participation. The information for this report is based on the company’s recent SEC filing. According to InvestingPro’s Fair Value analysis, MIND Technology currently appears slightly undervalued, presenting a potential opportunity for investors interested in the technology sector.
In other recent news, Mind Technology Inc. reported its fourth-quarter earnings for 2025, revealing a strong financial performance with a 28% increase in full-year revenue, reaching $46.9 million. The company also turned a net income of $5.1 million from continuing operations, a significant improvement from the $1.1 million loss in 2024. Mind Technology’s marine technology product revenues for the quarter rose by 12% year-over-year, contributing to this robust growth. The company has expressed optimism for fiscal 2026, expecting continued profitability and positive adjusted EBITDA. Furthermore, Mind Technology has a backlog of approximately $16 million, with $15.9 million in orders received after the year-end, indicating strong future demand. The company is exploring various strategic growth opportunities, including organic growth and potential acquisitions. Mind Technology also announced plans to file a shelf registration statement with the Securities and Exchange Commission to ensure financial flexibility for future growth endeavors.
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