Flotek CEO John Gibson departs; Harsha Agadi named interim CEO; Ryan Ezell promoted to President

FLOTEK INDUSTRIES INC/CN/

CEO John Gibson steps down as Chairman, President & CEO effective Jan 19, 2023; no disagreement with company.
Harsha Agadi, board member since 2020, appointed interim CEO; receives $50,000/month salary and $150,000 RSU grant.
Ryan Ezell promoted from COO to President; no change to salary or equity.
David Nierenberg appointed Non-Executive Chairman; board committees reconstituted.
Gibson receives $1.5M settlement in four installments; forfeits all options and unvested RSUs; 6-month lockup on 250k shares.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John W. Gibson, Jr.

Chief Executive Officer and President

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2023-01-19
Successor: Harsha V. Agadi
Filed: January 19, 2023, 6:59 PM ET

On January 19, 2023, Flotek Industries, Inc. (the “Company”) announced the departure of John W. Gibson, Jr. from his role as Chief Executive Officer and President of the Company, effective January 19, 2023

Appointed (interim)

Harsha V. Agadi

Interim Chief Executive Officer

FTK · FLOTEK INDUSTRIES INC/CN/

Effective: 2023-01-19
Filed: January 19, 2023, 6:59 PM ET

Harsha V. Agadi, who has served as a member of the Board since July 2020, will serve as the Company’s interim Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John W. Gibson, Jr. departed as Chief Executive Officer and President at FLOTEK INDUSTRIES INC/CN/.

Action: departed
Role: Chief Executive Officer and President

Exact text from the filing

On January 19, 2023, Flotek Industries, Inc. (the “Company”) announced the departure of John W. Gibson, Jr. from his role as Chief Executive Officer and President of the Company, effective January 19, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Harsha V. Agadi was appointed as Interim Chief Executive Officer at FLOTEK INDUSTRIES INC/CN/.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

Harsha V. Agadi, who has served as a member of the Board since July 2020, will serve as the Company’s interim Chief Executive Officer.

View on SEC.gov

FLOTEK INDUSTRIES INC/CN/ filing history →

Source: SEC EDGAR

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