---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-22-000130"
form_type: "8-K"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T10:55:38.900932+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flotek closes ProFrac deal, amends supply agreement to 10-year/70% minimum, issues $50M notes, CFO departs

## Summary
- Closed transaction with ProFrac: amended Chemical Supply Agreement to 10-year term, minimum purchase = greater of 70% of requirements or chemicals for 30 fleets.
- Issued $50M principal of 10% Convertible PIK Notes to ProFrac Holdings as part of closing.
- CFO Michael Borton departed (without cause); Seham Carson appointed Interim CFO (base salary $240k, 100k RSUs vesting over 3 years).
- Registration Rights Agreement with ProFrac for resale of common stock acquired.

## SEC filing metadata
- accession: 0000928054-22-000130
- form_type: 8-K
- ticker: FTK
- cik: 0000928054
- company_name: FLOTEK INDUSTRIES INC/CN/
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805422000130/0000928054-22-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805422000130/usgaap-20220517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-22-000130
- JSON: https://secwatch.observer/filing/0000928054-22-000130.json
- Plain text: https://secwatch.observer/filing/0000928054-22-000130.txt

## Key facts
- Executive change
  Seham S. Carson was appointed as Interim Chief Financial Officer at FLOTEK INDUSTRIES INC/CN/.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: Seham S. Carson, the Company’s Corporate Controller, will serve as the Company’s Interim Chief Financial Officer, principal financial officer and principal accounting officer effective May 17, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805422000130/0000928054-22-000130-index.htm
- Executive change
  Michael E. Borton departed as Chief Financial Officer at FLOTEK INDUSTRIES INC/CN/.
  - Action: departed
  - Role: Chief Financial Officer
  source text: On May 17, 2022, Michael E. Borton, the Chief Financial Officer of the Company, departed the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805422000130/0000928054-22-000130-index.htm

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