secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000928054-23-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000009/0000928054-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000009/usgaap-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000928054-23-000009

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