12 July 2013director interest notice● Neutral
Brian A Beatty became a SAExploration Holdings, Inc. CEO and President and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 July 2013director interest notice● Neutral
Sheri L Beatty became a SAExploration Holdings, Inc. company insider (initial ownership filing).
12 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. CEO and President Brian A Beatty received 1,196,846 shares as part of the equity award.
11 July 2013director interest notice● Neutral
Gary Dalton became a SAExploration Holdings, Inc. director and company insider (initial ownership filing).
9 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. Executive Chairman Jeff Hastings received 3,269,954 shares as part of the equity award.
9 July 2013director interest notice● Neutral
Jeff Hastings became a SAExploration Holdings, Inc. Executive Chairman and company insider (initial ownership filing).
9 July 2013securities registration● Neutral
SAExploration Holdings, Inc. filed notice of an exempt private placement.
9 July 2013substantial holder notice● Neutral
CLCH, LLC, Jeff Hastings, Seismic Management Holdings Inc, Seismic Management, LLP, Brian A. Beatty, Sheri L. Beatty, Brent Whiteley disclosed a new substantial SAExploration Holdings, Inc. shareholding (39.50% of votes).
8 July 2013director interest notice● Neutral
Clch, LLC became a SAExploration Holdings, Inc. 10%+ owner and company insider (initial ownership filing).
8 July 2013auditor change● Neutral
After the merger, the company replaced its auditor Marcum, LLP with Grant Thornton LLP, SAExploration's own auditor, effective 24 June 2013, because SAExploration's historical financials became the company's. This amendment only adds the interim dates (1 January to 24 June 2013) to the earlier disclosure. Marcum reported no disagreements, though its reports on 2012 and 2011 carried a going-concern paragraph, which belonged to the former shell.
5 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. CFO, Gen. Counsel, Secretary Brent Whiteley received 284,964 shares as part of the equity award.
5 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. officer Darin Silvernagle received 32,486 shares as part of the equity award.
5 July 2013director interest notice● Neutral
Darin Silvernagle became a SAExploration Holdings, Inc. EVP - Technology and company insider (initial ownership filing).
5 July 2013director interest notice● Neutral
Mike Scott became a SAExploration Holdings, Inc. Executive VP - Operations and company insider (initial ownership filing).
5 July 2013substantial holder notice● Neutral
Eric S. Rosenfeld disclosed a new substantial SAExploration Holdings, Inc. shareholding (25.20% of votes).
5 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. EVP-Business Dev. See remarks David Siegfried received a stock option grant for 15,404 shares.
5 July 2013director interest notice● Neutral
Brent Whiteley became a SAExploration Holdings, Inc. CFO, Gen. Counsel, Secretary and company insider (initial ownership filing).
5 July 2013director interest notice● Neutral
Gregory R Monahan became a SAExploration Holdings, Inc. director and company insider (initial ownership filing).
5 July 2013director interest notice● Neutral
David Siegfried became a SAExploration Holdings, Inc. officer and company insider (initial ownership filing).
5 July 2013director interest notice● Neutral
SAExploration Holdings, Inc. officer Mike Scott received 44,455 shares as part of the equity award.
5 July 2013director interest notice● Neutral
Arnold Wong became a SAExploration Holdings, Inc. director and company insider (initial ownership filing).
28 June 2013business combination● NeutralMajor
The merger closed on 24 June 2013 and the blank-cheque company became SAExploration Holdings. Holders of 987,634 public shares took their cash back at about $10.08 instead of staying in; the sellers - Jeff Hastings, Brian Beatty and Brent Whiteley - ended up with 38.4% outright and voting control of 50.5%, making this a controlled company from day one. They also received a $17.5 million ten-year note at 10% on top of the shares, and the new group joined an existing 2012 credit agreement.
28 June 2013substantial holder notice● Neutral
Riverview Group LLC, Millennium Management LLC, Israel A. Englander disclosed a new substantial SAExploration Holdings, Inc. shareholding (4.30% of votes).
25 June 2013director interest notice● Neutral
SAExploration Holdings, Inc. director Eric Rosenfeld gifted 400,000 shares.
25 June 2013director interest notice● Neutral
SAExploration Holdings, Inc. director David Sgro gifted 400,000 shares.
7 June 2013capital raising announcement● Neutral
A final $100,000 loan from the Rosenfeld affiliate three weeks before the merger closed.
31 May 2013business combination● NeutralMajor
The final proxy set the vote on the SAExploration merger for 21 June 2013, with a record date of 31 May 2013, and the board unanimously recommended voting for it. It follows the March preliminary version, adds a separate name-change proposal, and says the merger agreement had since been amended. Shareholders who wanted cash instead had to vote and demand conversion before the vote.
28 May 2013material agreement● Neutral
The merger agreement was amended to change how consideration would be split among SAExploration's option and restricted-stock holders, putting those shares in escrow with the controlling shareholder voting them.
28 May 2013director interest notice● Neutral
SAExploration Holdings, Inc. Chairman and CEO Eric Rosenfeld bought 100,000 shares on the open market at $10.07.
15 May 2013quarterly activities report● Neutral
SAExploration Holdings, Inc. reported a quarterly net income of $5.9 million for the period ended 2013-03-31.