---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-23-000097"
form_type: "8-K"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:30:23.943385+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Flotek promotes Ryan Ezell to CEO; reaffirms FY 2023 revenue guidance $210M-$230M

## Summary
- Dr. Ryan Ezell appointed CEO, effective June 8, succeeding interim CEO Harsha Agadi.
- Harsha Agadi becomes Non-Executive Chairman; David Nierenberg remains on Board.
- Ezell employment agreement: $550K base salary, 100% target bonus, 18-month severance.
- FY 2023 guidance reaffirmed: revenue $210M-$230M, adj. gross profit margin 8%-10%.
- Shareholders at annual meeting did not approve issuance of common stock underlying ProFrac pre-funded warrant.

## SEC filing metadata
- accession: 0000928054-23-000097
- form_type: 8-K
- ticker: FTK
- cik: 0000928054
- company_name: FLOTEK INDUSTRIES INC/CN/
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/usgaap-20230606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000097
- JSON: https://secwatch.observer/filing/0000928054-23-000097.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000097.txt

## Key facts
- Executive change
  Ryan Ezell was appointed as Director at FLOTEK INDUSTRIES INC/CN/.
  - Action: appointed
  - Role: Director
  source text: Dr. Ezell was also appointed to the Board effective as of June 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Executive change
  Harsha V. Agadi departed as Interim Chief Executive Officer at FLOTEK INDUSTRIES INC/CN/.
  - Action: ceased to serve
  - Role: Interim Chief Executive Officer
  source text: the Company announced that Harsha V. Agadi ceased to serve as Interim Chief Executive Officer of the Company, also effective as of June 6, 2023, but will remain on the Board and assume the role of Non-Executive Chairman effective as of June 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Executive change
  Ryan Ezell was appointed as Chief Executive Officer at FLOTEK INDUSTRIES INC/CN/.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board of Directors of the Company (the “Board”) has appointed Dr. Ryan Ezell, the Company’s existing President, to serve as its Chief Executive Officer, effective as of June 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Executive change
  Harsha V. Agadi was appointed as Non-Executive Chairman at FLOTEK INDUSTRIES INC/CN/.
  - Action: appointed
  - Role: Non-Executive Chairman
  source text: will remain on the Board and assume the role of Non-Executive Chairman effective as of June 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Shareholder Votes
  FLOTEK INDUSTRIES INC/CN/ shareholders approved Election of Directors at the 2023-06-07 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: On June 7, 2023, the Company held its annual meeting of stockholders (the “Meeting”). At the Meeting, the Company’s stockholders (1) elected all director candidates, (2) approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers, (3) ratified the appointment of KPMG, LLP as the Company’s independent auditor for 2023, (4) did not approve the issuance of common stock underlying the pre-funded warrant held by ProFrac Holdings II, LLC, and (5) approved amendments to the Flotek Industries, Inc. 2018 Long-Term Incentive Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Shareholder Votes
  FLOTEK INDUSTRIES INC/CN/ shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-06-07 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: Item 2: Advisory Vote on Named Executive Officer Compensation For Against Abstain Broker Non-Votes 29,802,745 1,288,132 121,173 24,307,909
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Shareholder Votes
  FLOTEK INDUSTRIES INC/CN/ shareholders approved Ratification of independent registered accounting firm at the 2023-06-07 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: Item 3: Ratification of independent registered accounting firm For Against Abstain Broker Non-Votes 52,681,864 2,720,964 117,131 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm
- Shareholder Votes
  FLOTEK INDUSTRIES INC/CN/ shareholders approved Approval of amendments to Flotek Industries, Inc. 2018 Long-Term Incentive Plan at the 2023-06-07 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: Item 5: Approval of amendments to Flotek Industries, Inc. 2018 Long-Term Incentive Plan For Against Abstain Broker Non-Votes 29,970,332 1,086,861 154,857 24,307,909
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000097/0000928054-23-000097-index.htm

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