secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0000928054-22-000219
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805422000219/0000928054-22-000219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805422000219/usgaap-20221219.htm
  HTML page:      https://secwatch.observer/filing/0000928054-22-000219

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