secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000950170-23-025345
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Technologies amends bromine supply agreement with LANXESS, settles arbitration
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- Amendment effective April 1, 2023, resolves pending arbitration with LANXESS over bromine supply.
- Revised annual minimum and maximum purchase volumes for bromine (terms redacted).
- Contract term extended with automatic renewal option; termination without cause available after a certain date.
- Pricing adjusted quarterly based on revised formula; hardship clause eliminated.
- Buyer must provide binding monthly forecasts (first 3 months binding) with incremental pricing above annual minimum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000095017023025345/0000950170-23-025345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000095017023025345/tti-20230525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer