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<SEC-DOCUMENT>0001299933-08-000638.txt : 20080205
<SEC-HEADER>0001299933-08-000638.hdr.sgml : 20080205
<ACCEPTANCE-DATETIME>20080205171016
ACCESSION NUMBER:		0001299933-08-000638
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080130
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080205
DATE AS OF CHANGE:		20080205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MITCHAM INDUSTRIES INC
		CENTRAL INDEX KEY:			0000926423
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				760210849
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25142
		FILM NUMBER:		08577816

	BUSINESS ADDRESS:	
		STREET 1:		8141 SH 75 SOUTH
		STREET 2:		PO BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342
		BUSINESS PHONE:		9362912277

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_25363.htm
<DESCRIPTION>LIVE FILING
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<TITLE> Mitcham Industries, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	January 30, 2008
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	Mitcham Industries, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Texas
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	000-25142
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	76-0210849
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	8141 SH 75 South, P.O. Box 1175, Huntsville, Texas
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	&nbsp;
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	77342
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	&nbsp;
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	936-291-2277
</FONT>
</TD>
</TR>
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<FONT SIZE="2">Top of the Form</FONT>
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<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On January 30, 2008, Robert John Albers was elected as a director of Mitcham Industries, Inc. Mr. Albers currently manages Bob Albers Consulting and acts as corporate management advisor to the management of the Sercel Group, a global manufacturer of geophysical equipment.  The addition of Mr. Albers as an independent director increases the size of Mitcham&#x2019;s Board of Directors to six members.<br><br>Mitcham&#x2019;s Board of Directors has not determined the committees on which Mr. Albers will serve.  Pursuant to the Mitcham&#x2019;s charter and bylaws, Mr. Albers will stand for re-election at the Company's 2008 Annual Meeting of Shareholders. In connection with his election, Mr. Albers will receive an annual cash retainer fee of $25,000 per year and additional cash retainers for serving on any committees to which he is appointed. In addition, Mr. Albers will receive 3000 shares of Mitcham Industries, Inc. restricted stock which will vest in one year and stock options to purchase 30,000 shares of common
 stock, which will vest ratably over three years.<br> <br>There are no understandings or arrangements between Mr. Albers and any other person pursuant to which Mr. Albers was elected as a director. There are and have been no transactions regarding Mr. Albers that are required to be disclosed by Item 404(a) of Regulation S-K.<br><br> <br>
</FONT>
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	Item 9.01 Financial Statements and Exhibits.
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(c)  Exhibits<br>     The following exhibits are filed as part of this report:<br>        <br>     99.1  Press release issued by Mitcham Industries, Inc. on January 31, 2008.
</FONT>
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<B>
	SIGNATURES
</B>
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	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.
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	Mitcham Industries, Inc.
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	&nbsp;&nbsp;
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	&nbsp;
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<I>
	February 4, 2008
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Ropert P. Capps
</I>
<BR>
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	Name: Ropert P. Capps
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	Title: Executive Vice-President & Chief Financial Officer
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	Exhibit&nbsp;Index
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	Exhibit No.
</B>
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	Description
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	99.1
</DIV>
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<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Mitcham Inudstries, Inc. press release dated January 31, 2008
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
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<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> EX-99.1 </TITLE>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 24pt"><B><I>NEWS RELEASE</I></B></FONT>



<P align="left" style="font-size: 24pt"><FONT style="font-size: 13pt"><B>FOR IMMEDIATE RELEASE</B>
</FONT>
<DIV align="center">
<TABLE style="font-size: 13pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="73%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 13pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 10pt">Contacts:</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">Billy F. Mitcham, Jr., President &#038; CEO</FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">Mitcham Industries, Inc.</FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">936-291-2277</FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">Jack Lascar / Karen Roan</FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">Dennard Rupp Gray &#038; Easterly (DRG&#038;E)</FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 10pt">713-529-6600</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><FONT style="font-size: 14pt"><B>MITCHAM INDUSTRIES NAMES ROBERT ALBERS<BR>
TO ITS BOARD OF DIRECTORS</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>HUNTSVILLE, TX </B>&#150; JANUARY 31, 2008 &#150; Mitcham Industries, Inc. (NASDAQ: MIND) today announced
the election of Robert John Albers, age 66, to its Board of Directors, effective immediately. The
addition of Mr.&nbsp;Albers as an independent director increases the size of Mitcham&#146;s Board of
Directors to six members.
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%">Bill Mitcham, the Company&#146;s President and CEO, stated, &#147;We are extremely pleased to welcome
Bob to our Board of Directors and look forward to benefiting from his extensive domestic and
international experience in the energy industry. He has an impressive record of expertise and
leadership in both the oil service and exploration segments of the industry and will be a
significant contributor to the Board.&#148;


<P align="left" style="font-size: 12pt; text-indent: 4%">Mr.&nbsp;Albers currently manages Bob Albers Consulting and acts as corporate management advisor to
the management of the Sercel Group, a global manufacturer of geophysical equipment. From 1995 to
2002, he was Executive Vice President of Sercel, Inc. and led the turnaround of its Western
Hemisphere operations.


<P align="left" style="font-size: 12pt; text-indent: 4%">Previously from 1990 to 1994, Mr.&nbsp;Albers served as Vice President and General Manager of
Halliburton Geophysical Products, a $100&nbsp;million global division of Halliburton. In 1982 he joined
Geosource, Inc. and served as President and General Manager, Operations and Technology Group; prior
to that from 1963, he held various management and leadership roles at Chevron Oil Company. Mr.
Albers holds a Bachelor of Science degree in Mining Engineering from Lehigh University. He is a
member of the Society of Exploration Geophysicists and the EAGE.


<P align="left" style="font-size: 12pt"><I>Mitcham Industries, Inc., a geophysical equipment supplier, offers for lease or sale, new and
&#147;experienced&#148; seismic equipment to the oil and gas industry, seismic contractors, environmental
agencies, government agencies and universities. Headquartered in Texas, with sales and services
offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia; and the
United Kingdom and with associates throughout Europe, South America and Asia, Mitcham conducts
operations on a global scale and is the largest independent exploration equipment lessor in the
industry.</I>


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