Business Context and Reporting Period
This Form 8-K filing by Flotek Industries, Inc. reports corporate governance changes effective May 24, 2018. The report was signed on May 31, 2018, by Matthew B. Marietta, Executive Vice President of Finance and Corporate Development.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and contains no financial performance data.
Material Changes
- Resignation: Kenneth T. Hern, age 81, resigned from the Board of Directors. He previously served on the Corporate Governance and Nominating Committee and the Audit Committee.
- Reason for Departure: The resignation did not result from any disagreement with the Company regarding operations, policies, or practices.
- Appointment: Ted D. Brown was appointed to the Audit Committee, effective concurrently with Mr. Hern's resignation. His term continues until the earlier of his death, resignation, or retirement.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the composition of the Audit Committee following the appointment of Ted D. Brown.
- Confirm that no other undisclosed disagreements exist regarding the resignation of Kenneth T. Hern.
- Review subsequent filings for any impact on the Corporate Governance and Nominating Committee, as Mr. Hern's replacement for that specific committee is not mentioned in this text.