SD 1 formsd-conflictminerals2016.htm SD Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________
FORM SD
SPECIALIZED DISCLOSURE REPORT
______________________________________________________
FORUM ENERGY TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
______________________________________________________
Delaware

(State or other jurisdiction of incorporation)
001-35504

(Commission File Number)
61-1488595
(I.R.S. Employer
Identification No.)
920 Memorial City Way, Suite 1000
Houston, Texas 77024
(Address of principal executive offices)

Registrant’s telephone number, including area code: (281) 949-2500
______________________________________________________

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

x
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2016.






Introduction

Forum Energy Technologies, Inc. (the “Company,” “we,” or “our”), a Delaware corporation, is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs, manufactures and distributes products and engages in aftermarket services, parts supply and related services that complement the Company’s product offering. Our product offering includes a mix of highly engineered capital products and frequently replaced items that are used in the exploration, development, production and transportation of oil and natural gas.

The Company is committed to maintaining the highest standard of ethical conduct and is concerned with humanitarian and environmental abuses associated with the mining, transportation and trade of certain minerals from conflict-affected regions of the world, including the Democratic Republic of Congo or adjoining countries (the “Covered Countries”). To that end, and in connection with the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), the Company is compelled to determine whether its products contain tantalum, tin, tungsten, or gold (collectively, “3TG”) sourced from the Covered Countries and used to finance armed groups in the region.


Section 1 - Conflict Minerals Disclosure

Item 1.01. Conflict Minerals Disclosure and Report.

For the 2016 assessment period, the Company conducted a good faith reasonable country of origin inquiry for each of its product lines to determine whether any conflict minerals contained in the Company’s supply chain originated in the Covered Countries. Each product line reviewed their materials, parts, products and/or product families to determine whether 3TG was present and necessary to the functionality of the Company’s products.

In accordance with the Company’s Conflict Minerals Policy and Manual, a company-wide conflict minerals supplier list identifying suppliers that may include 3TG in their supplied goods was developed. The Company then requested that each supplier identified as supplying products or materials containing, or possibly containing, 3TG complete the EICC GeSI Conflict Minerals Reporting Template (the “GeSI Template”).

This year, the Company developed a document portal in an effort to automate the Company’s diligence effort and encourage supplier accountability. Approximately 30% of the suppliers identified for this 2016 reporting year responded to the Company’s request for information. The Company is in the process of reviewing all GeSI Template responses to determine if products or materials supplied were DRC Conflict free, not DRC Conflict Free, or DRC Conflict Undeterminable.


A copy of the Company’s Conflict Minerals Policy and this Form SD can be found on our website at http://www.f-e-t.com.






SIGNATURES

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 duly authorized undersigned.

Date: May 18, 2017        FORUM ENERGY TECHNOLOGIES, INC.
                    
By:
/s/ James W. Harris
Name:
James W. Harris
Title:
Executive Vice President
 
and Chief Financial Officer