Business Context and Reporting Period
This Form 8-K Current Report was filed by Forum Energy Technologies, Inc. on June 13, 2025. The filing primarily addresses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on personnel appointments rather than financial performance.
Material Changes
The Board of Directors increased the size of the Board to nine members and appointed two new directors:
- Aron H. Marquez: Appointed as a Class III director (term expires 2027). He will serve on the Nominating, Governance & Sustainability Committee and the Compensation & Human Capital Committee.
- Mark W. Smith: Appointed as a Class I director (term expires 2028). He will serve on the Audit Committee and the Compensation & Human Capital Committee.
Compensation and Governance Details
Both new directors have entered into the Company's standard form indemnification agreement. Their compensation is consistent with other non-employee directors and includes an award of restricted stock valued at approximately $75,000 each. The Company confirmed no undisclosed arrangements influenced these selections and no reportable conflicts of interest exist under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Verify the specific expertise and background of the newly appointed directors, Marquez and Smith, to assess their fit for the Audit and Governance committees.
- Confirm the total number of board seats is now nine as stated in the filing.
- Note that this filing contains no financial data; investors should refer to the most recent 10-Q or 10-K for financial performance metrics.