-----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, LkHpFjNIMJtiVUuP/6tqbq0kA3hRvuvrJhfMAU2rKw45X8940NXpIRucYfBL7PeD rlaBvXKThH2XGxA7lMO3Pg== 0001193125-08-199252.txt : 20080922 0001193125-08-199252.hdr.sgml : 20080922 20080922160844 ACCESSION NUMBER: 0001193125-08-199252 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080922 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080922 DATE AS OF CHANGE: 20080922 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOTEK INDUSTRIES INC/CN/ CENTRAL INDEX KEY: 0000928054 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] 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: 081082502 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 d8k.htm FORM 8-K Form 8-K

 

 

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

Date of Report (Date of earliest event reported): September 22, 2008

 

 

LOGO

FLOTEK INDUSTRIES, INC.

 

 

Delaware

(State or Other Jurisdiction of Incorporation)

001-13270

(Commission File Number)

90-0023731

(IRS Employer Identification Number)

2930 W. Sam Houston Pkwy N. Suite 300, Houston, Texas

(Address of Principal Executive Offices)

77043

(Zip Code)

Registrant’s Telephone Number, including Area Code: (713) 849-9911

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 7.01 REGULATION FD DISCLOSURE.

The Company issued a news release on September 22, 2008 updating its operations following Hurricane Ike, a copy of which is attached to this report as Exhibit 99.1.

Pursuant to General Instruction B.2 of Form 8-K, the information furnished in this item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability provisions of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

  (d) Exhibits

As described in Item 7.01 of this Report, the following exhibit is furnished as part of this Current Report on Form 8-K:

 

Exhibit

Number

 

Description

99.1   News Release dated September 22, 2008 updating the Company’s operations following Hurricane Ike.


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: September 22, 2008

/s/ James A. Jowett

James A. Jowett

Interim Chief Financial Officer
EX-99.1 2 dex991.htm NEWS RELEASE News Release

Exhibit 99.1

 

LOGO

 

   PRESS RELEASE

 

FOR IMMEDIATE RELEASE

   CONTACT:    Brian Shannon

September 22, 2008

      713.849.9911
      bshannon@flotekind.com

Flotek Industries Updates Operations Following Hurricane Ike

HOUSTON, September 22, 2008 – Flotek Industries, Inc. (NYSE: FTK), a global developer and distributor of innovative specialty chemicals and downhole drilling and production equipment, today announced it has completed its initial assessment of operations following Hurricane Ike and found no major structural damage to any facilities.

The CAVO facility in Houston, the primary assembly and repair unit for Flotek’s mud motors and shock subs, lost all electric service for the past week. Field facilities have been able to continue limited operations related to sustaining assembly and repairs during this interim period. Full production will resume when electrical power is restored to the area.

The MTI Chemicals and Logistics facility in Raceland, Louisiana suffered minor damage during Hurricane Gustav including roofing, windows and overhead doors and experienced a one week shut down due to evacuation orders. Repairs have been inhibited since Hurricane Ike, and the facility has experienced a slowing in customer orders for services in affected areas.

These two facilities affected by the recent storms account for approximately 5% of Flotek’s revenue year-to-date. Outside of the storm affected areas, all other Flotek facilities remain operational.

Jerry Dumas, Chairman and CEO, states, “Our hearts and prayers go out to those most affected by Hurricane Ike, and we wish everyone personally affected a safe and speedy recovery. While the hurricane activity has caused some short-term disruption to our operations, we do not expect these disruptions to be significant, nor continuing. We are dependent upon a return to normalcy of our customers in these affected areas, and are closely monitoring their activities. Flotek continues to show strong fundamental operating results and balance sheet, and we look forward to further reporting on our financial results after the fiscal quarter is completed.”

About Flotek Industries, Inc.

Flotek is a global developer and distributor of innovative specialty chemicals, and downhole drilling and production equipment. Flotek manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in


the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK”.

For additional information, please visit Flotek’s web site at www.flotekind.com.

Forward-Looking Statements

This Press Release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Press Release.

Although forward-looking statements in this Press Release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, unexpected delays in repairs to damaged utilities and infrastructure, shortages of labor or raw materials, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company’s ability to obtain financing, environmental and other casualty risks, and the impact of government regulation. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filings on Form 10-K (including without limitation in the “Risk Factors” Section) and Form 10-Q, and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Press Release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Press Release.

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