Business Context and Reporting Period
Company: Flotek Industries, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 31, 2012
Reporting Period: Single event date (January 31, 2012)
This filing serves as a Regulation FD disclosure regarding a press release issued on the report date. The primary business context involves operational expansion and upcoming investor relations activities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report focused on material events rather than a periodic financial statement (10-K or 10-Q).
Material Changes and Events
- Facility Expansion: The Company announced the expansion of its chemical production facility located in Marlow, Oklahoma.
- Management Presentation: John Chisholm, Chairman and President, is scheduled to present at the Independent Petroleum Association of America (IPAA) Florida Oil and Gas Investment Symposium in Hollywood, Florida, on February 2, 2012.
Guidance, Outlook, and Risks
Outlook: The expansion of the Marlow facility suggests a strategic move to increase production capacity, though specific capacity figures or financial impact projections are not detailed in this filing.
Risks and Contingencies: No specific risks or contingencies are enumerated in this text. The filing explicitly states that the information under Item 7.01 is not deemed "filed" under the Securities Exchange Act of 1934 nor incorporated by reference into Securities Act filings, except as expressly set forth.
Investor Verification Checklist
- Verify the specific scope and timeline of the Marlow, Oklahoma facility expansion by reviewing the attached press release (Exhibit 99.1).
- Confirm the details of the presentation made by John Chisholm at the IPAA symposium on February 2, 2012, for any updated strategic guidance.
- Review subsequent periodic reports (10-Q or 10-K) for the financial impact of the facility expansion on capital expenditures and future revenue.