18 Mar 2008other● Neutral
Filed an amendment to the same Form REGDEX, also as an unreadable paper submission.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2007other● Neutral
Filed a Form REGDEX as a paper submission - no digitized content is retrievable via EDGAR for this filing, eight years after the Chapter 11 filing; its content and purpose cannot be confirmed from the available record.
6 Oct 1999bankruptcy or receivership▼ BadMajor
Eagle Geophysical and 16 subsidiaries filed for Chapter 11 bankruptcy protection in Delaware on September 29, 1999, citing collapsed E&P seismic spending and its debt load; Nasdaq halted trading in its stock the same day, and the company secured up to $15 million in debtor-in-possession financing.
15 Sept 1999other material event▼ BadMajor
The 60-day grace period expired September 13, 1999 without the missed interest payment being made, triggering a formal event of default on the $100 million Senior Notes.
16 Aug 1999quarterly activities report▼ BadMajor
The scale of the collapse became clear: quarterly revenue fell from $28.2 million to $17.9 million and the net loss ballooned to $57.6 million, driven by a $43.7 million restructuring and asset-impairment charge, leaving a $156.1 million working-capital deficit - the same distress behind the missed July 15 interest payment disclosed weeks earlier.
20 July 1999other material event▼ BadMajor
Missed the $5,375,000 semi-annual interest payment due July 15, 1999 on its $100 million 10.75% Senior Notes - a default under the notes' indenture unless cured within a 60-day grace period; had already retained CIBC World Markets to negotiate a debt restructuring.
31 Mar 1999annual report▲ Good
FY1998 10-K405 reported net income of $4,011,000 - still profitable, and confirming the NRG deal closed in November 1998 for about $4.5 million in cash, stock and assumed debt - even as the 1998-99 oil price collapse was about to cut sharply into E&P seismic spending.
7 Oct 1998securities registration● NeutralMajor
Launched a registered exchange offer, swapping the $100 million of privately-placed 10.75% Senior Notes due 2008 for publicly-registered notes on identical economic terms, with interest payable each January 15 and July 15.
2 Oct 1998asset acquisition disposition● NeutralMajor
Signed a letter of intent to acquire the assets and operations of Natural Resources Geophysical Corporation (NRG Services) of Calgary - land seismic equipment, a data library, and assumption of related debt - for cash and stock, expected to close by November 30, 1998.
25 Aug 1998security holder rights change● Neutral
Adopted a shareholder rights plan ('poison pill'), issuing one preferred share purchase right per common share, payable August 31, 1998.
30 June 1998debt financing● NeutralMajor
Announced a proposed $100 million private placement of unsecured senior notes (10-year maturity, rate not yet set) to fund upgrades of two seismic vessels and repay interim borrowings, expected to close mid-July 1998.
30 Mar 1998annual report▲ Good
FY1997 10-K405 - its first full year combining the IPO's onshore and offshore seismic businesses - reported net income of $6,792,000 ($0.80/share).
6 Aug 1997securities registration▲ GoodMajor
Priced its IPO at $17.00 per share (5,880,000 shares total), completing its transition to a public company on the Nasdaq National Market under the symbol EGEO.
22 July 1997listing compliance notice● Neutral
Withdrew that Section 12(b) registration four days later.
2 June 1997securities registration● NeutralMajor
Filed to go public with an IPO of 5,880,000 shares (4,000,000 sold by the company, 1,880,000 by selling stockholder Seitel, Inc.), combining Seitel's onshore seismic subsidiary with the offshore seismic business of the Horizon Companies, conditioned on simultaneously acquiring the remaining 81% of Energy Research International it didn't already own.