Forum Energy Technologies Inc SEC Filings

Forum Energy Technologies, Inc. director Leslie Ann Beyer filed an initial ownership report showing no beneficial ownership of the company’s common stock. The filing lists her role as a director and indicates that, following the reportable date, she directly held 0 shares of common stock. No derivative securities, such as options or warrants, are reported as beneficially owned.

Forum Energy Technologies, Inc. reported a change in its board of directors. On January 12, 2026, the board appointed The Honorable Leslie A. Beyer as a director. She will serve on the Compensation and Human Capital Committee and the Nominating, Governance and Sustainability Committee, and is expected to stand for election as a Class I director at the 2028 annual stockholder meeting.

The company entered into its standard indemnification agreement with Ms. Beyer. She will be compensated in line with other non-employee directors, including an initial restricted stock award valued at approximately $150,000. The company states there were no separate arrangements leading to her selection and no related-party transactions requiring disclosure.

FET insider Leslie A. Beyer has filed a Rule 144 notice for a proposed sale of 1,330 common shares through Morgan Stanley Smith Barney, with an aggregate market value of 45,653.85, around 12/15/2025 on the NYSE.

The shares come from restricted stock that vested on 03/06/2024 under a registered compensation plan and were received from the issuer as compensation. Over the past three months, Beyer has also sold 6,676 common shares for gross proceeds of 233,723.42. The issuer reported 11,377,958 common shares outstanding at the time of this notice.

Forum Energy Technologies insider plans a modest stock sale under Rule 144. A holder has filed to sell 6,676 shares of the company’s common stock through Morgan Stanley Smith Barney LLC on or about 12/09/2025 on the NYSE. The shares were acquired on 12/01/2024 as restricted stock vesting under a registered compensation plan with the issuer. The filing notes that 11,377,958 shares of common stock are outstanding, showing this planned sale is small relative to the total share count. By signing the notice, the seller represents they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

Forum Energy Technologies (FET) reported Q3 2025 revenue of $196.231M and a net loss of $20.554M (loss per share $1.76). The Drilling & Completions segment fell to $117.5M (down 5.0%), while Artificial Lift & Downhole was $79.0M (down 6.2%). Segment results reflected inventory write-downs, asset impairments and other costs of $21.1M tied to facility consolidation and product discontinuations, partly offset by a sale‑leaseback gain of $4.279M in the quarter.

Interest expense declined to $4.365M on lower borrowings, but tax expense rose to $10.074M, including a valuation allowance of $5.2M. Year‑to‑date operating cash flow was strong at $47.965M. Liquidity included cash of $31.693M and $85.7M of availability on the asset‑based Credit Facility, with $42.8M drawn and $31.5M in letters of credit outstanding as of Sep 30, 2025. Debt comprised $100.0M of 2029 Bonds and Credit Facility borrowings. FET repurchased 966 thousand shares for about $21.3M year‑to‑date; shares outstanding were 11,377,958 as of Oct 24, 2025.

Forum Energy Technologies (FET)

The release includes non-GAAP metrics such as EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income, Adjusted Diluted EPS, book-to-bill ratio, free cash flow (before acquisitions), free cash flow yield, and net leverage ratio. Reconciliations to the most comparable GAAP measures are included with the press release. The information is being furnished under Item 2.02 and is not deemed filed for purposes of Section 18 of the Exchange Act.