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.
2 Feb 2001substantial holder notice● Neutral
Dimensional Fund Advisors reported exiting its remaining stake as well, closing out the last of the company's disclosed institutional holdings roughly sixteen months after the Chapter 11 filing.
14 Feb 2000substantial holder notice● Neutral
TCW Group reported exiting its entire stake, down from the 7.8% it had held a year earlier, while the bankrupt company's stock remained halted from trading.
3 Feb 2000substantial holder notice● Neutral
Dimensional Fund Advisors reported a slightly increased 7.01% stake (616,006 shares) as of year-end 1999, continuing to hold through the company's Chapter 11 bankruptcy and Nasdaq trading halt.
30 Dec 1999substantial holder notice● Neutral
Seitel formally reported exiting its stake entirely, having distributed all 1,520,000 shares (the position first disclosed in August 1997) to its own shareholders as a dividend back on April 22, 1999 - divesting from Eagle three months before the company's bankruptcy filing.
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.
14 May 1999quarterly activities report▼ Bad
Q1 1999 swung to a $3.4 million net loss (versus $621,000 of income a year earlier) as seismic demand softened along with falling oil prices, though total assets held roughly steady at $273.2 million.
28 Apr 1999agm notice● Neutral
Eagle called its 1999 annual meeting for May 26, a pared-back agenda of just director elections and auditor ratification compared to 1998's added executive-pay votes - filed less than three months before the company would default on its senior notes.
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.
12 Feb 1999substantial holder notice● Neutral
TCW Group disclosed a new 7.8% stake (672,593 shares), held entirely through managed client accounts rather than direct voting control.
11 Feb 1999substantial holder notice● Neutral
Dimensional Fund Advisors disclosed a new 6.39% stake (549,100 shares), becoming the third institutional holder to cross the 5% reporting threshold.
13 Nov 1998quarterly activities report▲ Good
Q3 1998 net income reached $2.49 million ($5.37 million for the first nine months) and total assets grew to $275.5 million, reflecting the just-placed $100 million notes proceeds and the pending NRG Services acquisition.
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.
17 Sept 1998securities registration● Neutral
Registered 1,520,000 existing shares for public resale by a single stockholder under the August S-3 shelf; the company itself receives no proceeds.
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.
25 Aug 1998securities registry admin● Neutral
Registered a new class of securities - the preferred share purchase rights created by the same day's shareholder rights plan - under Section 12(g).
20 Aug 1998securities registration● Neutral
Filed a shelf registration statement for further securities offerings.
14 Aug 1998quarterly activities report▲ Good
Q2 1998 net income rose to $2.26 million and total assets grew to $200.9 million, just weeks after the $100 million senior notes private placement was announced to fund further vessel upgrades.
3 Aug 1998securities registry admin● Neutral
Registered shares for its employee stock option and incentive plans.
7 July 1998substantial holder notice● Neutral
Cambridge's stake fell further to 3.97% (336,650 shares), dropping it below the 5% reporting threshold and effectively ending its disclosed involvement with the company.
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.
15 May 1998quarterly activities report● Neutral
Q1 1998 net income was $621,000, with total assets already up to $143.9 million as the company ramped up seismic-vessel investment ahead of that June's proposed $100 million notes offering.
12 May 1998substantial holder notice● Neutral
Cambridge further reduced its stake to 6.21% (526,850 shares) as of April 30, 1998, and switched to the passive-investor Schedule 13G, formally confirming it wasn't seeking any influence over the company.
2 Apr 1998agm notice● Neutral
Eagle called its 1998 annual meeting for April 28, electing six directors and asking shareholders to approve performance-based pay packages for CEO Jay N. Silverman and director Paul A. Frame alongside the routine option-plan and auditor votes.
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).