Forum Energy Technologies Files 8-K

TL;DR

FORUM files 8-K with financial updates.

AI Summary

On March 27, 2024, Forum Energy Technologies, Inc. filed an 8-K report detailing its financial results and other events. The filing includes information on the company's operations and financial condition, as well as financial statements and exhibits. Specific dollar amounts and dates for these events are not detailed in the provided text snippet.

Why It Matters

This filing provides an update on Forum Energy Technologies' financial performance and operational status, which is crucial for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not contain information indicating immediate or significant risk.

Key Players & Entities

• FORUM ENERGY TECHNOLOGIES, INC. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• March 27, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share FET NYSE Indicate by chec

Filing Documents

• fet-20240327.htm (8-K) — 31KB
• a20240327-varipermproforma.htm (EX-99.1) — 399KB
• 0001401257-24-000082.txt ( ) — 587KB
• fet-20240327.xsd (EX-101.SCH) — 2KB
• fet-20240327_lab.xml (EX-101.LAB) — 22KB
• fet-20240327_pre.xml (EX-101.PRE) — 13KB
• fet-20240327_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. This Current Report on Form 8-K (this "Form 8-K") provides pro forma condensed combined financial statements of Forum Energy Technologies, Inc. ("Forum"), a Delaware corporation, as of and for the year ended December 31, 2023, as described in Item 9.01 below and which are incorporated into this Item 2.02 by reference, giving effect to the completion of the acquisition (the "Acquisition") by Forum Canada ULC, an Alberta corporation and a wholly owned subsidiary of Forum (the "Purchaser"), of all of the issued and outstanding common shares of Variperm Holdings Ltd., an Alberta corporation ("Variperm"), in accordance with the terms of a Stock Purchase Agreement, dated as of November 1, 2023 (the "Agreement"), by and among Forum, the Purchaser, Variperm Energy Services Partnership, Jamie Olson, Elise Robertson, Slotting RemainCo Limited Partnership and Variperm Energy Services Partnership, as the representative of the sellers named therein. Upon consummation of the Acquisition and the other transactions contemplated by the Agreement on January 4, 2024, Variperm became a wholly owned subsidiary of the Purchaser. In addition, to the extent required, the information contained in Item 8.01 of this Form 8-K is incorporated into this Item 2.02 by reference. The information in this Item 2.02 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a 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 filing.

01 Other Events

Item 8.01 Other Events. Pro Forma Financial Statements This Form 8-K provides pro forma condensed combined financial statements of Forum as of and for the year ended December 31, 2023, as described in Item 9.01 below, which are incorporated into this Item 8.01 by reference. Registration Statement On or about the date of this Form 8-K, Forum intends to file a Registration Statement on Form S-3 (the "Registration Statement") relating to the registration of 1,946,038 shares of Forum's common stock, $0.01 par value per share, to be offered by the selling stockholders identified in the Registration Statement. The Registration Statement will incorporate this Form 8-K by reference, including the pro forma condensed combined financial statements of Forum, as described in Item 9.01.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (b) Pro Forma Financial Information The unaudited pro forma condensed combined financial statements as of and for the year ended December 31, 2023, giving effect to the Acquisition, are filed as Exhibit 99.1 hereto and are incorporated herein by reference. (d) Exhibits: Exhibit No. Exhibit Title or Description 99.1 Unaudited pro forma condensed combined financial statements of Forum as of and for the year ended December 31, 2023. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 27, 2024 FORUM ENERGY TECHNOLOGIES, INC. /s/ John C. Ivascu John C. Ivascu Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR