---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-21-000172"
form_type: "8-K"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2021-12-10T23:59:59+00:00"
generated_at: "2026-06-28T02:16:43.467508+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000928054-21-000172
- form_type: 8-K
- ticker: FTK
- cik: 0000928054
- company_name: FLOTEK INDUSTRIES INC/CN/
- filed_at: 2021-12-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 802.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805421000172/0000928054-21-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805421000172/usgaap-20211206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-21-000172
- JSON: https://secwatch.observer/filing/0000928054-21-000172.json
- Plain text: https://secwatch.observer/filing/0000928054-21-000172.txt

## Key facts
- Executive change
  TengBeng Koid departed as President, Data Analytics at FLOTEK INDUSTRIES INC/CN/.
  - Action: departed
  - Role: President, Data Analytics
  source text: On December 9, 2021, TengBeng Koid, the Company’s President, Data Analytics, departed the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805421000172/0000928054-21-000172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.