SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: JULY 28, 2004
(Date of earliest event reported)
MITCHAM INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 000-25142 76-0210849
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8141 SH 75 SOUTH, P.O. BOX 1175, HUNTSVILLE, TEXAS 77342
(Address of principal executive offices) (Zip Code)
936-291-2277
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report.)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following exhibit is filed as a part of this report:
99 CEO's letter to shareholders distributed to shareholders
on or about July 27, 2004.
ITEM 9. REGULATION FD DISCLOSURE.
On or about July 27, 2004, Mitcham Industries, Inc. distributed to its
shareholders its 2004 Annual Report, the CEO's accompanying letter of which
contains certain forward-looking information regarding industry trends, capital
expenditures and profitability. The text of the CEO's letter to shareholders is
attached to this report as Exhibit 99 and is incorporated in this report by
reference.
Included in this report are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements other than
statements of historical facts included herein, including statements regarding
our future financial position and results of operations, planned capital
expenditures, business strategy and other plans for future operations, the
future mix of revenues and business, commitments and contingent liabilities,
and future demand for our services and predicted improvement in seismic service
industry conditions, are forward-looking statements. Actual results may differ
materially from such forward-looking statements. Important factors that could
cause or contribute to such differences include a prolonged and gradual
recovery, or no full recovery, of the seismic survey sector, and thereafter,
the inherent volatility of oil and gas prices and the related volatility of
demand for our services; loss of significant customers; significant defaults by
customers on amounts due to us; international economic and political
instability; dependence upon additional lease contracts; the risk of
technological obsolescence of our lease fleet; vulnerability of seismic
activity and demand to weather conditions and seasonality of operating results;
dependence upon few suppliers; the effect of foreign currency exchange rates
due to a weakened U.S. dollar, and other factors which are disclosed in our
recent report on Form 10-Q, available from the Company without charge.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MITCHAM INDUSTRIES, INC.
Date: July 28, 2004 By: /s/ Christopher C. Siffert
--------------------------------
Christopher C. Siffert
Vice President & Corporate Controller
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EXHIBIT INDEX
Exhibit No. Name of Exhibit
----------- ---------------
99 CEO's letter to shareholders distributed on or about
July 27, 2004.