FLOTEK INDUSTRIES INC/CN/ Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or S

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 5, 2005, Mr. Scott Stanton resigned from his position as Executive Vice President, Accounting and Reporting, of the Company. Mr. Jesse "Jempy" Neyman, Executive Vice President, Finance and Strategic Planning, has now been designated by the Board to act as the Company's principal financial officer and principal accounting officer. On November 5, 2005, Messrs. Barry Stewart and Kevin McMahon resigned from their positions as members of the Board. Mr. Stewart was the Chairman of the Compensation Committee and member of the Audit Committee and Mr. McMahon was the Chairman of the Audit Committee and member of the Governance and Nominating Committee. To the knowledge of any executive officer of the Company, neither Mr. Stewart nor Mr. McMahon resigned from the Board because of a disagreement on any matter relating to the Company's operations, policies or practices. On November 6, 2009, the Board elected Mr. Kenneth T. Hern as a director, and on November 9, 2009, the Board elected Mr. John Reiland as a director. Mr. Hern was also elected to serve as a member of the Compensation and Audit Committees and as the Chairman of the Governance and Nominating Committee. Mr. Reiland was elected to serve as a member of the Compensation and Governance and Nominating Committees and as the Chairman of the Audit Committee. Mr. Richard Wilson, who has been a director of the Company since 2003, was also elected to serve as a member of the Governance and Nominating Committee and the Audit Committee and as the Chairman of the Compensation Committee. Mr. Hern currently serves as the Chairman and CEO of Nova Biosource Fuels, Inc. Nova is currently in reorganization pursuant to Chapter 11 of the federal bankruptcy statutes. Mr. Hern retired from Texaco, Inc. in 1994 after 25 years of service. During his tenure, he served as Pr...
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Flotek Industries, Inc. Announces Results of Special Meeting of Stockholders, Change to Board of Directors, Additional Executive Reorganization News and Third Quarter Reporting Schedule

HOUSTON, Nov. 9 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK - News; "Flotek" or the "Company") today announced the results of its Special Meeting of Stockholders. At the Special Meeting, Flotek Stockholders approved an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of Common Stock to 80 million from 40 million. The Company will now file an Amendment to its Certificate of Incorporation with the Secretary of State of Delaware completing the process."The approval of this amendment to Flotek's Certificate of Incorporation is the key final step in the preferred equity offering the Company announced in August," said John Chisholm, Flotek's Interim President. "This, in combination with the other actions at today's meeting, allows Flotek to issue shares that were contingent on stockholder approval, pay dividends on the recently issued preferred shares and take other actions necessary to satisfy the requirements of the August offering. It also eliminates provisions whereby investors could have required the Company to repurchase the preferred stock issued in the offering, thereby eliminating a contingent liability to Flotek. We appreciate the support of the Company's shareholders as we continue to work to position the company for future success."In addition to approval of the amendment to the Company's Certificate of Incorporation, stockholders also approved the Company's ability to pay dividends in the future on its preferred stock by issuing shares of t...
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FLOTEK INDUSTRIES INC/CN/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exh

Show all filings for FLOTEK INDUSTRIES INC/CN/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for FLOTEK INDUSTRIES INC/CN/ 4-Nov-2009Change in Directors or Principal Officers, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...
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Flotek shareholders OK stock deal

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Q3 2009 FLOTEK INDS INC DEL Earnings Release - Before Market Open

Earnings Announcements for Monday, November 16CompanySymbolTimeConferenceCallA.P. Pharma Inc.APPABefore Market OpenACE MARKETING & PROMOTIONS INCAMKT.OBAfter Market CloseACKERMANS & VAN HAAREN SAAVHNF.PKTime Not SuppliedADA ES INCADESBefore Market OpenAdvanced Environmental Recycling TechnologiesAERTTime Not SuppliedAethlon Medical Inc.AEMD.OBTime Not SuppliedAMBIENT CORPABTG.OBTime Not SuppliedAMERICAN DAIRY INCADYBefore Market OpenAmerican Metal & Technology, Inc.AMGY.OBTime Not SuppliedAMERICAN ORIENTAL BIOENGR INCAOBAfter Market CloseListenAMERICAN SPECTRUM REALTY INCAQQBefore Market OpenAnderson Energy Ltd.AXL.TOBefore Market OpenAnesiva Inc.ANSVAfter Market CloseARCA biopharma, Inc.ABIOAfter Market CloseARCADIA RES INCKADBefore Market OpenASIATRAVEL.COM HLDGS5AM.SIAfter Market CloseAssured GuarantyAGO...
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Flotek Industries Announces Third Quarter Earnings Release and Conference Call Schedule

HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK - News) will host a conference call on Tuesday, November 17, 2009 at 7:30 a.m. Central Standard Time to discuss its operating results for the three and nine months ended September 30, 2009. Flotek intends to file its 10-Q quarterly report with the Securities and Exchange Commission on Monday, November 16 and provide an earnings and operational update early morning on Tuesday, November 17. Individuals who wish to participate on the conference call by telephone should dial-in approximately 5 minutes prior to the scheduled start time, using one of the numbers provided.Participant Dial In (Toll Free): 1-800-860-2442International Dial In: +1 412-858-4600Canada Dial In (Toll Free): 1-866-605-3852Password required for conference participation: FLOTEKAlternatively, to access the online, real-time simulcast and rebroadcast of the third quarter operating results conference call, please visit Flotek's website at www.flotekind.com.About Flotek Industries, Inc.Flotek is a global developer and distributor of innovative specialty chemicals and down-hole drilling and production equipment. Flotek manages automated bulk material handling, loading and blending facilities. It serves major ...
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Flotek Industries, Inc. Announces Third Quarter Results

HOUSTON, Nov. 17 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK - News) today reported financial and operating results for the third quarter and first nine months of 2009. Consistent with declines in oilfield activity, total revenue for the third quarter of 2009 was $23.8 million, a decrease of 62.1%, compared to $62.8 million for the third quarter of 2008. Revenue decreased in all of our operating segments, a result of a decrease in drilling activity. Since the 2008 cyclical peak, natural gas prices and drilling activity have declined precipitously, directly impacting demand for our products. Revenues for the nine months ending September 30, 2009 decreased to $88.0 million from $166.1 million for the first nine months of 2008.Loss from operations for the third quarter of 2009 totaled $2.5 million, compared to income from operations of $12.2 million in the third quarter of 2008. In the quarter ending September 30, 2009 the Company experienced continued deterioration of its business and operating environment, raising concerns that it will be unable to meet the financial covenants set forth in its Senior Credit Facility. As a result, the Company took a valuation allowance of approximately $16.8 million against its deferred tax assets on the Company's balance sheet.For the quarter ending September 30, 2009, the Company posted a net loss of $23.1 million or $1.18 per share. That compares to net profit in the quarter ending September 30, 2008 of $5.1 million or $0.27 per share. For the nine months ending Septe...
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FLOTEK INDUSTRIES INC/CN/ Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Special Note About Forward-Looking Statements Certain statements in Management's Discussion and Analysis ("MD&A"), other than purely historical information, including estimates, projections and statements relating to the Company's business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 and in this Quarterly Report on Form 10-Q. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Overview The following MD&A is intended to help the reader understand the results of operations, financial condit...
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ExpressJet, Flotek: Volume Plays

Stock quotes in this article: TRMS , STRC , XJT , ...
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FLOTEK INDUSTRIES INC/CN/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for FLOTEK INDUSTRIES INC/CN/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for FLOTEK INDUSTRIES INC/CN/ 17-Nov-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...
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