Michael Jennings - ION Geophysical Independent Director

IODelisted Stock  USD 0.07  0.01  10.13%   

Director

Mr. Michael C. Jennings is Independent Director of Ion Geophysical Corporationration since December 2, 2010. He is the President, Chief Executive Officer and Chairman of the Board of Directors of HollyFrontier Corporation, a NYSElisted independent oil refining and marketing company. Prior to joining HollyFrontier, Mr. Jennings was the President, Chief Executive Officer and Chairman of the Board of Frontier Oil Corporation, an independent oil refining and marketing company. Mr. Jennings joined HollyFrontier in July 2011 when Frontier Oil merged with Holly Corporation to form HollyFrontier. Prior to his appointment to President and Chief Executive Officer of Frontier in January 2009, Mr. Jennings served as Frontier Executive Vice President and Chief Financial Officer. From 2000 until joining Frontier in 2005, Mr. Jennings was employed by Cameron International Corporation as Vice President and Treasurer. From 1998 until 2000, he was Vice President Finance Corporationrationrate Development of Unimin Corporation, a producer of industrial minerals. From 1995 to 1998, Mr. Jennings was employed by Cameron International Corporation as Director, Acquisitions and Corporationrationrate Finance. Mr. Jennings also serves as Chief Executive Officer and on the Board of Directors of Holly Energy Partners, a NYSElisted master limited partnership partially owned by HollyFrontier Corporation since 2010.
Age 51
Tenure 14 years
Professional MarksMBA
Phone281 879-3626
Webwww.iongeo.com
Jennings is a member of the Audit and Finance Committees of our Board of Directors. He holds a Bachelor of Arts degree in economics and government from Dartmouth College and a MBA degree in finance and accounting from the University of Chicago.

Michael Jennings Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Jennings against ION Geophysical stock is an integral part of due diligence when investing in ION Geophysical. Michael Jennings insider activity provides valuable insight into whether ION Geophysical is net buyers or sellers over its current business cycle. Note, ION Geophysical insiders must abide by specific rules, including filing SEC forms every time they buy or sell ION Geophysical'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

ION Geophysical Management Efficiency

The company has Return on Asset (ROA) of (3.86) % which means that for every 100 dollars spent on asset, it generated a loss of $3.86. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.021 %, which means that it produced $0.021 on every 100 dollars invested by current stockholders. ION Geophysical's management efficiency ratios could be used to measure how well ION Geophysical manages its routine affairs as well as how well it operates its assets and liabilities.
The company reports 174.6 M of total liabilities with total debt to equity ratio (D/E) of 2.93, which may imply that the company relies heavily on debt financing. ION Geophysical has a current ratio of 0.63, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist ION Geophysical until it has trouble settling it off, either with new capital or with free cash flow. So, ION Geophysical's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ION Geophysical sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ION to invest in growth at high rates of return. When we think about ION Geophysical's use of debt, we should always consider it together with cash and equity.

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ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. On April 12, 2022, ION Geophysical Corporation along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Ion Geophysical operates under Oil Gas Equipment Services classification in the United States and is traded on NYQ Exchange. It employs 360 people. ION Geophysical (IO) is traded on New York Stock Exchange in USA and employs 360 people.

Management Performance

ION Geophysical Leadership Team

Elected by the shareholders, the ION Geophysical's board of directors comprises two types of representatives: ION Geophysical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ION. The board's role is to monitor ION Geophysical's management team and ensure that shareholders' interests are well served. ION Geophysical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ION Geophysical's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Lapeyre, Chairman of the Board, Lead Independent Director
John Seitz, Independent Director
Franklin Myers, Independent Director
Michael Morrison, Interim Chief Financial Officer, Executive Vice President
Kenneth Williamson, Executive Vice President and Chief Operating Officer, Commercialization Division
James Nelson, Independent Director
Tina Wininger, Independent Director
S Nelson, Independent Director
Michael McGovern, Independent Director
Mark Doran, Director
Matthew Powers, Executive Vice President, General Counsel, Corporate Secretary
HuaSheng Zheng, Independent Director
Scott Schwausch, Vice President, Corporate Controller and Chief Accounting Officer
Dale Lambert, Executive Vice President of Operations Optimization
Gary Pittman, Director
Brian Hanson, CEO and President and Director
Michael Jennings, Independent Director
Huimin Hao, Independent Director
Zhang ShaoHua, Director
David Barr, Independent Director
Christopher Usher, COO of EandP Operations Optimization and Executive VP
Jamey Seely, Executive Vice President General Counsel, Corporate Secretary
Steve Bate, Executive Vice President and Chief Financial Officer
Colin Hulme, Executive VP of Ocean Bottom Services

ION Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ION Geophysical a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in ION Stock

If you are still planning to invest in ION Geophysical check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ION Geophysical's history and understand the potential risks before investing.
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