Flotek receives NYSE non-compliance notice for stock price below $1; President Data Analytics departs

FLOTEK INDUSTRIES INC/CN/

NYSE notified Flotek average closing price below $1.00 over 30 trading days; stock to trade with ".BC" indicator.
Company has six months to cure deficiency; plans to notify NYSE of intent to cure.
President Data Analytics TengBeng Koid departed Dec 9, 2021; deemed termination without cause with severance.
Dr. James Silas, SVP Research & Innovation, to oversee Data Analytics on interim basis.
Silas's compensation unchanged: $285,000 base salary, 100% bonus target, and severance provisions.

item 3.01 item 802.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed (interim)

TengBeng Koid

President, Data Analytics

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2021-12-09
Successor: James Silas
Filed: December 10, 2021, 6:59 PM ET

On December 9, 2021, TengBeng Koid, the Company’s President, Data Analytics, departed the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

TengBeng Koid departed as President, Data Analytics at FLOTEK INDUSTRIES INC/CN/.

Action: departed
Role: President, Data Analytics

Exact text from the filing

On December 9, 2021, TengBeng Koid, the Company’s President, Data Analytics, departed the Company.

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FLOTEK INDUSTRIES INC/CN/ filing history →

Source: SEC EDGAR

accession 0000928054-21-000172

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