Flotek appoints Bond Clement as CFO; interim CFO Seham S. Carson to remain in senior role

FLOTEK INDUSTRIES INC/CN/

Clement appointed CFO effective Dec 19, 2022; previously EVP & CFO of PetroQuest Energy (17 years).
Annual base salary $400,000, target bonus 100% of salary, one-time inducement payment $50,000 plus 100k RSUs vesting over 2 years.
Long-term equity: 247,934 RSUs vesting over 3 years and performance-based options for 371,901 shares at grant date closing price.
Severance: 12 months base salary plus target bonus if terminated without cause or for good reason; 12 months COBRA reimbursement.
Interim CFO Seham S. Carson will remain with Flotek in a senior financial role.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

J. Bond Clement

Chief Financial Officer

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2022-12-19
Filed: December 19, 2022, 6:59 PM ET

On December 19, 2022, Flotek Industries, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with J. Bond Clement pursuant to which Mr. Clement will serve as the Company’s Chief Financial Officer, principal financial officer and principal accounting officer.

Role change

Seham S. Carson

Other Named Officer

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2022-12-19
Filed: December 19, 2022, 6:59 PM ET

Ms. Carson is expected to remain with the Company in a senior financial role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Bond Clement was appointed as Chief Financial Officer at FLOTEK INDUSTRIES INC/CN/.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On December 19, 2022, Flotek Industries, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with J. Bond Clement pursuant to which Mr. Clement will serve as the Company’s Chief Financial Officer, principal financial officer and principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Seham S. Carson changed role as other_named_officer at FLOTEK INDUSTRIES INC/CN/.

Exact text from the filing

Ms. Carson is expected to remain with the Company in a senior financial role.

View on SEC.gov

FLOTEK INDUSTRIES INC/CN/ filing history →

Source: SEC EDGAR

accession 0000928054-22-000219

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