Forum Energy Technologies Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$FET
Oil and Gas Field Machinery
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 13, 2025
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| | ||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 13, 2025, the Board of Directors (the “Board”) of Forum Energy Technologies, Inc. (the “Company) set the size of the Board to nine members and appointed Messrs. Aron H. Marquez and Mark W. Smith, as members of the Board. Mr. Marquez was appointed as a Class III director with a term expiring at the 2027 Annual Meeting of Stockholders and will serve as a member of the Nominating, Governance & Sustainability Committee, and the Compensation & Human Capital Committee. Mr. Smith was appointed as a Class I director with a term expiring at the 2028 Annual Meeting of Stockholders and will serve as a member of the Audit Committee and Compensation & Human Capital Committee.
Messrs. Marquez and Smith have entered into the Company’s standard form indemnification agreement. In addition, Messrs. Marquez and Smith will receive compensation consistent with that provided to the Company’s other non-employee directors, including an award of restricted stock equal to approximately $75,000. There is no arrangement or understanding between either of Messrs. Marquez or Smith and any other persons pursuant to which either person was selected as a director. The Company is not aware of any transaction in which either of Messrs. Marquez or Smith has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Exhibit Title or Description | |||||||
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 16, 2025 | FORUM ENERGY TECHNOLOGIES, INC. | |||||||||||||
/s/ John C. Ivascu | ||||||||||||||
John C. Ivascu | ||||||||||||||
Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary | ||||||||||||||