---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-23-000020"
form_type: "8-K"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:43:31.337266+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flotek amends ProFrac supply deal; waives past shortfalls, sets 30-fleet ramp by June 2023

## Summary
- Waived all order shortfall payments accrued before Jan 1, 2023 under the supply agreement with ProFrac.
- Ramp-up period Jan–May 2023 to increase ProFrac's active fleets to 30, raising minimum purchase baseline.
- Additional fees on certain products; margin increases linked to revenue percentage from non-ProFrac customers.
- Flotek believes net present value of economic benefit from amendment exceeds the waived shortfall payments.
- ProFrac affiliates hold convertible notes and prefunded warrants in Flotek.

## SEC filing metadata
- accession: 0000928054-23-000020
- form_type: 8-K
- ticker: FTK
- cik: 0000928054
- company_name: FLOTEK INDUSTRIES INC/CN/
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805423000020/0000928054-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805423000020/usgaap-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000020
- JSON: https://secwatch.observer/filing/0000928054-23-000020.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000020.txt

## Key facts
- Material Agreements
  FLOTEK INDUSTRIES INC/CN/ amended Amendment No. 2 with ProFrac Services, LLC (effective 2023-01-01).
  - Action: amendment
  - Agreement: supply
  - Counterparty: ProFrac Services, LLC
  - Effective: 2023-01-01
  source text: On February 1, 2023, Flotek Chemistry, LLC (“Flotek Chemistry”), a wholly owned subsidiary of Flotek Industries, Inc. (the “Company”), entered into an amendment (“Amendment No. 2”) to the Chemical Products Supply Agreement between Flotek Chemistry and ProFrac Services, LLC (“ProFrac”) dated February 2, 2022, as amended (the “Supply Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000020/0000928054-23-000020-index.htm

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