Business Context and Reporting Period
This Form 8-K filing by Flotek Industries, Inc. reports a corporate governance event dated April 11, 2019. The report concerns the departure of a director from the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding officer and director changes and contains no financial data.
Material Changes
Director Departure: Katherine T. Richard, a member of the Board of Directors, notified the Board on April 11, 2019, that she will not stand for re-election at the 2019 annual meeting of stockholders.
Reason for Departure: The filing explicitly states that Ms. Richard's announcement did not result from a disagreement on any matter relating to the Company's operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific event of the director's non-re-election.
Investor Verification Checklist
- Verify the composition of the Board of Directors following the 2019 annual meeting.
- Confirm whether a replacement director was nominated to fill the vacancy.
- Review the Company's proxy statement for the 2019 annual meeting for further details on the election process.