---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-22-000018"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:00:48.719172+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Forum Energy appoints Neal Lux CEO with $600K salary; Gaut becomes Executive Chairman with reduced pay

## Summary
- Neal Lux appointed President and CEO effective Feb 18, 2022; base salary raised to $600,000 with target bonus of 100% of base.
- Lux granted 47,519 performance RSUs (stock-price hurdles) and 47,519 RSUs, each vesting over three years.
- C. Christopher Gaut transitions to Executive Chairman; base salary cut to $500,000, target bonus reduced from 110% to 100% of base.
- Gaut receives $150,000 cash bonus vesting quarterly over one year and 33,084 phantom units vesting over two years; waives future severance.
- Gaut's prior equity awards have service-vesting conditions deemed satisfied and remain outstanding.

## SEC filing metadata
- accession: 0001401257-22-000018
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125722000018/0001401257-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125722000018/fet-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-22-000018
- JSON: https://secwatch.observer/filing/0001401257-22-000018.json
- Plain text: https://secwatch.observer/filing/0001401257-22-000018.txt

## Key facts
- Executive change
  C. Christopher Gaut was appointed as Executive Chairman at FORUM ENERGY TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Executive Chairman
  source text: Effective as of the same day, and as previously announced, Mr. C. Christopher Gaut was appointed Executive Chairman of the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125722000018/0001401257-22-000018-index.htm
- Executive change
  Neal Lux was appointed as President and Chief Executive Officer at FORUM ENERGY TECHNOLOGIES, INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Mr. Neal Lux was appointed as President and Chief Executive Officer of the Company and a member of the board of directors, effective February 18, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125722000018/0001401257-22-000018-index.htm

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