Flotek holders back board, pay and auditor
Flotek Industries, Inc. reported the results of its annual shareholder meeting.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Flotek Industries, Inc. reported the results of its annual shareholder meeting. Shareholders elected all seven director nominees, approved the company’s executive compensation on a non-binding advisory basis, and ratified KPMG LLP as independent auditor for 2026.
A total of 27,175,681 common shares were represented in person or by proxy, equal to 75.1% of shares entitled to vote as of the March 20, 2026 record date, indicating strong participation in the company’s governance decisions.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares represented at meeting: 27,175,681 shares
Voting participation: 75.1%
Say-on-pay votes for: 23,681,102 votes
+3 more
6 metrics
Shares represented at meeting
27,175,681 shares
Common stock present in person or by proxy at annual meeting
Voting participation
75.1%
Percentage of outstanding common stock entitled to vote as of March 20, 2026
Say-on-pay votes for
23,681,102 votes
Advisory approval of named executive officer compensation
Say-on-pay votes against
275,263 votes
Advisory compensation proposal opposition
Auditor ratification votes for
27,040,174 votes
Ratification of KPMG LLP as independent auditor for 2026
Director Ezell votes for
23,892,958 votes
Election of director nominee Ryan G. Ezell
Key Terms
broker non-votes, non-binding, advisory basis, independent auditor, record date
4 terms
broker non-votes financial
"Nominee | For | Against | Abstain | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding, advisory basis financial
"approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers"
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
independent auditor financial
"ratified the appointment of KPMG, LLP as the Company’s independent auditor for 2026"
An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.
record date financial
"entitled to vote as of March 20, 2026, the record date"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was KPMG LLP ratified as Flotek Industries (FTK) auditor for 2026?
Yes. The ratification of KPMG LLP as independent auditor for 2026 received 27,040,174 votes for, 130,313 against, and 5,194 abstentions. There were no broker non-votes recorded for this auditor ratification proposal.
Did all Flotek Industries (FTK) director nominees receive enough votes to be elected?
All seven director nominees received more votes for than against, so each was elected. For example, nominee Ryan G. Ezell received 23,892,958 votes for, 72,800 against, 8,523 abstentions, and 3,201,400 broker non-votes reported on his election.
What was the record date for voting at Flotek Industries (FTK) 2026 annual meeting?
The record date for determining shareholders entitled to vote was March 20, 2026. Shareholders of record on that date could vote, and 27,175,681 shares were ultimately represented at the annual meeting in person or by proxy.
AI-generated analysis. How Rhea-AI works. Not financial advice.
