{"schema_version":"secwatch.filing_event.v1","accession":"0001401257-23-000002","form_type":"8-K","ticker":"FET","cik":"0001401257","company_name":"FORUM ENERGY TECHNOLOGIES, INC.","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.756942+00:00","generated_at":"2026-06-20T20:49:25.843637+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FET converts $122.8M of convertible notes to equity; cuts annual interest by >$11M","bullets":["$122.8M (47.8%) of 9.00% Convertible Notes due 2025 converting into ~4.5M common shares on Jan 3, 2023.","Remaining $134.2M of notes not subject to further mandatory conversion provisions.","Annualized interest payments will decline by over $11M following the conversion.","Adjusted net debt would have been ~$93M (2.0x TTM Adj. EBITDA) as of Sept 30, 2022, counting conversion and sale-leaseback.","ABL credit facility availability remains $127M as of same date."],"urls":{"canonical":"https://secwatch.observer/filing/0001401257-23-000002","json":"https://secwatch.observer/filing/0001401257-23-000002.json","markdown":"https://secwatch.observer/filing/0001401257-23-000002.md","text":"https://secwatch.observer/filing/0001401257-23-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401257/000140125723000002/0001401257-23-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401257/000140125723000002/fet-20221227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:49:25.843637+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}