Dawson Geophysical Chairman Creates Charitable Trust
07 Februar 2007 - 10:21PM
PR Newswire (US)
MIDLAND, Texas, Feb. 7 /PRNewswire-FirstCall/ -- Dawson Geophysical
Company (NASDAQ:DWSN) ("The Company") announced today that its
chairman, L. Decker Dawson, and his wife Louise have created a
charitable reminder trust and have transferred to the Trust
approximately 300,000 shares of Dawson Geophysical Company stock
held by Mr. Dawson and his wife. The Trust may sell its holdings of
Dawson stock from time to time in order to diversify its holdings.
Assets of the Trust will be distributed to certain charities named
in the trust agreement upon the death of Mr. Dawson and his wife.
Dawson Geophysical Company is the leading provider of U.S. onshore
seismic data acquisition services as measured by the number of
active data acquisition crews. Founded in 1952, Dawson acquires and
process 2-D, 3-D and multi- component seismic data solely for its
clients, ranging from major oil and gas companies to independent
oil and gas operators as well as providers of multi- client data
libraries. DATASOURCE: Dawson Geophysical Company CONTACT: L.
Decker Dawson, Chairman, or Christina Hagan, Executive Vice
President, CFO, both of Dawson Geophysical Company, +1-800-332-9766
Web site: http://www.dawson3d.com/
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