secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K/A
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001401257-24-000071
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy closes Variperm buy; files historical & pro forma financials
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- Acquisition completed Jan 4, 2024; Variperm became a wholly owned subsidiary of Forum.
- Variperm's cost of goods sold (inventories expensed) rose to $72.7M in 2022 from $31.1M in 2021.
- Variperm had a $30M CAD operating loan facility; no pandemic subsidies in 2022 vs $1.0M in 2021.
- Forum filed audited Variperm financials for 2021-2022 and unaudited nine-month Sept 2023 statements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000071/0001401257-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000071/fet-20240104.htm
  HTML page:      https://secwatch.observer/filing/0001401257-24-000071

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