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FTK > SEC Filings for FTK > Form 8-K on 27-Jun-2013All Recent SEC Filings

Show all filings for FLOTEK INDUSTRIES INC/CN/



Change in Directors or Principal Officers, Regulation FD Disclosure, Fi

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 21, 2013, the Board of Directors (the "Board") of Flotek Industries, Inc. (the "Company") approved an amendment to the Employment Agreement, dated June 1, 2012 between the Company and Steven A. Reeves, the Company's Executive Vice President, Operations. Pursuant to the amendment, (i) the Company increased Mr. Reeves' base salary to $405,000 per year, effective June 23, 2013, and
(ii) the term of the Employment Agreement was extended to December 31, 2014.

Also on June 21, 2013, the Board approved an amendment to the Employment Agreement, dated November 10, 2011 between the Company and Kevin Fisher, the Company's Executive Vice President, Global Business Development. Pursuant to the amendment, the Company increased Mr. Fisher's base salary to $390,000 per year, effective June 23, 2013.

Item 7.01 Regulation FD Disclosure.

On June 24, 2013, the Company filed a registration statement on Form S-3 with the SEC relating to the resale of 3,284,180 shares of common stock of the Company that may be offered and sold from time to time by the selling stockholders named therein. The selling stockholders acquired such shares from the Company in connection with an Agreement and Plan of Merger dated May 10, 2013 by and among the Company, Flotek Acquisition Corporation, a Delaware corporation and a direct, wholly owned subsidiary of the Company, and Florida Chemical Company, Inc., a Florida corporation ("FCC"), in connection with the Company's acquisition of FCC. On June 25, 2013, the Company issued a press release announcing the filing of the registration statement. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information presented under this Item 7.01 shall not be deemed "filed" under the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

                   Number    Description

                   99.1      Press Release dated June 25, 2013.

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