secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0000928054-21-000172
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 802.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805421000172/0000928054-21-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805421000172/usgaap-20211206.htm
  HTML page:      https://secwatch.observer/filing/0000928054-21-000172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer