-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L1wR8FDoyCtYczVp8z5LpyEKLXlPs6GeRdLbMbyI/I9eYj4L6Nhex76TBN0XF8cz CvGiiOG/x6M2mhOek1ILIA== 0001144204-05-027683.txt : 20050831 0001144204-05-027683.hdr.sgml : 20050831 20050831154122 ACCESSION NUMBER: 0001144204-05-027683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050825 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050831 DATE AS OF CHANGE: 20050831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOTEK INDUSTRIES INC/CN/ CENTRAL INDEX KEY: 0000928054 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 900023731 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13270 FILM NUMBER: 051061835 BUSINESS ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7138499911 MAIL ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 v025088_8-k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934 
 
Commission File Number 1-13270
 

 
FLOTEK INDUSTRIES, INC.
 
 
Incorporated pursuant to the Laws of the State of Delaware
 


 
 
Internal Revenue Service - Employer Identification No. 90-0023731
 
7030 Empire Central Drive, Houston, Texas 77040
 
(713) 849-9911
 

 

ITEM 8.01    Other Events.
 
        On August 25, 2005, Flotek Industries, Inc. (the "Company") issued a news release announcing has completed a private offering of common stock to institutional investors.
 
        The press release is filed herewith as Exhibit 99.1, and is incorporated herein by reference.
 
Exhibit Number
 
Description of Exhibit
     
99.1
 
News Release Dated August 25, 2005
 
SIGNATURES
 
 
        Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
   
 
Date:  August 31, 2005
Jerry D. Dumas, Sr.
————————————————
Jerry D. Dumas, Sr.
Chairman & Chief Executive Officer


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NEWS RELEASE
FLOTEK INDUSTRIES, INC.
FLOTEK INDUSTRIES, INC.
7030 Empire Central Drive
Houston, Texas
77040
Thursday August 25, 2005
4:30 p.m. EST
 

FLOTEK INDUSTRIES, INC. ANNOUCES CLOSING OF $20 MILLION PRIVATE PLACEMENT

HOUSTON, August 25, 2005 - Flotek Industries, Inc. (FTK), announced it has completed a private offering of common stock to institutional investors. The private placement of 1.3 million shares issued at a price of $16.30 per share will net the company approximately $20 million in new equity capital after fees and expenses.
 
Flotek pursued the private placement to increase the public float of its stock and attract institutional ownership. Proceeds from the sale will be used for general corporate purposes and strategic acquisitions, including the purchase of privately held Harmon’s Machine Works, Inc. www.harmongalleon.com. In addition the company will pay down a portion of its debt and revolving line of credit.
 
Energy Capital Solutions, LP and Pritchard Capital Partners LLC acted as placement agents in the private placement.
 
The common stock issued in the private placement has not been registered under the Securities Act of 1933, as amended. Accordingly, these shares may not be offered or sold in the United States, except pursuant to the effectiveness of a registration statement or an applicable exemption from the registration requirements of the Securities Act. Flotek has agreed to file a registration statement covering resale of the shares by the private placement investors. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock.

For product information and additional information on the Company, please visit Flotek’s web site at http://www.flotekind.com

Flotek is a publicly traded company involved in the manufacturing and marketing of innovative specialty chemicals, downhole drilling and production equipment, and management of automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.
 
Statements made in this press release, including those relating to the positive direction of the Company, increased revenue base, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause results to differ materially from those set forth in these statements. Other factors identified in the Company’s filings with the Securities and Exchange Commission could also affect the forward-looking statements contained in this press release.

CONTACT:
Flotek Industries, Inc.
Rosalie Melia, Corporate Secretary
713.849.9911

 
 

 
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