Flotek appoints Ryan Ezell COO; raises executive base salaries, grants retention equity awards

FLOTEK INDUSTRIES INC/CN/

Ryan Ezell appointed COO effective March 8, 2022; previously President, Chemistry Technologies.
Base salary increased for CEO to $600k, COO to $425k, CFO to $360k, and two SVPs to $325k each.
No short-term incentive bonuses awarded for 2021; Compensation Committee determined criteria not met.
Retention equity grants: Ezell $150k, Silas and Bigney $100k each in restricted stock, vesting ratably over 3 years.
All changes effective March 8, 2022, per Compensation Committee review of peer companies and pending ProFrac revenue impact.

item 5.02

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Appointed

Ryan Ezell

Chief Operating Officer

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2022-03-08
Filed: March 14, 2022, 7:59 PM ET

On March 8, 2022, the Board of Directors (the “Board”) of Flotek Industries, Inc. (the “Company”) appointed Ryan Ezell as the Company’s Chief Operating Officer.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Ryan Ezell was appointed as Chief Operating Officer at FLOTEK INDUSTRIES INC/CN/.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On March 8, 2022, the Board of Directors (the “Board”) of Flotek Industries, Inc. (the “Company”) appointed Ryan Ezell as the Company’s Chief Operating Officer.

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Source: SEC EDGAR

accession 0000928054-22-000047

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