Business Context and Reporting Period
Company: Flotek Industries, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 31, 2020
Event Date: March 16, 2020 (Filing of Form 10-K/A)
Context: The filing addresses a correction to the number of outstanding common shares previously reported in the Company's Annual Report on Form 10-K/A.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to a correction of share count data.
Material Changes
The filing corrects a material error in the share count reported on the cover page and page 15 of the Form 10-K/A filed on March 16, 2020.
- Incorrectly Reported Shares (as of March 3, 2020): 63,275,372 (This figure erroneously included treasury shares).
- Corrected Outstanding Shares (as of March 3, 2020): 58,951,784.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or unusual items beyond the administrative correction of the share count.
Investor Verification Checklist
- Verify the corrected outstanding share count of 58,951,784 as of March 3, 2020, in subsequent filings or investor relations materials.
- Review the amended Form 10-K/A to ensure the corrected share count is reflected in all relevant sections, including per-share calculations.
- Confirm that treasury shares are excluded from the outstanding share count in future reports.