TETRA TECHNOLOGIES, INC. ANNOUNCES WITHDRAWAL OF INVESTOR GROUP NOMINEES
Rhea-AI Summary
TETRA Technologies (NYSE: TTI) announced that the investor group led by Brad Radoff has irrevocably withdrawn its four director nominees for the 2025 Annual Meeting of Shareholders. As a result, the meeting will proceed uncontested as previously scheduled.
The company plans to file a definitive proxy statement with the SEC in the near future. TETRA's Board and management expressed gratitude to shareholders for their constructive engagement and look forward to continued dialogue before and after the annual meeting.
TETRA Technologies operates across six continents, focusing on Energy Services, Industrial Chemicals, and Lithium Ventures. The company provides services to the oil and gas industry, calcium chloride applications, and is expanding into the low-carbon energy market leveraging its chemistry expertise, mineral acreage, and global infrastructure.
Positive
- Resolution of potential board contest, reducing corporate governance uncertainty
- Geographical diversification with operations on six continents
- Strategic expansion into low-carbon energy market
Negative
- None.
News Market Reaction – TTI
On the day this news was published, TTI declined 12.72%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
2025 Annual Meeting of Shareholders Continues as Planned
Notes Shareholders Are Not Required to Take Any Action At This Time
The TETRA Board and management team wish to thank its shareholders for their constructive engagement and look forward to continued engagement leading up to the annual meeting and beyond.
Company Overview
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Lithium Ventures. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information.
Cautionary Statement Regarding Forward Looking Statements
This press release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. These forward-looking statements are based on certain assumptions and analyses made by the Company, input received from outside expertized service providers, as well as its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a myriad of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the
Important Additional Information
The Company intends to file a proxy statement and proxy card with the SEC in connection with the solicitation of proxies for the Annual Meeting. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING. Shareholders will be able to obtain the Company's proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge at the Company's website at https://ir.onetetra.com/annual-shareholder-meeting.
Participant Information
For participant information, see the Company's soliciting material filed as "DEFA14A" with the SEC on March 25, 2025, and available here.
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SOURCE TETRA Technologies, Inc.
FAQ
What is the impact of the investor group's withdrawal of nominees on TTI's 2025 Annual Meeting?
How many director nominees did the Brad Radoff-led investor group withdraw from TTI's board election?
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What is TETRA Technologies' (TTI) strategy in the low-carbon energy market?
