other material
confidence high
sentiment neutral
materiality 0.25
Flotek amends ESPP to allow highly compensated employees and execs participation
FLOTEK INDUSTRIES INC/CN/
- Board removed 1,000-share purchase limit per employee per offering period under the 2012 ESPP.
- Highly compensated employees (per IRC Section 423(b)(4)(D)) now eligible to participate.
- Prior prohibition on executive officers participating in the ESPP was removed.
- Total shares reserved under the plan remains unchanged at 1,500,000 shares.