Forum Energy Technologies Names New CFO, Wood Departs
Ticker: FET · Form: 8-K · Filed: Jun 16, 2025 · CIK: 1401257
| Field | Detail |
|---|---|
| Company | Forum Energy Technologies, INC. (FET) |
| Form Type | 8-K |
| Filed Date | Jun 16, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, personnel
TL;DR
New CFO at Forum Energy Technologies, Chuck Wood out.
AI Summary
Forum Energy Technologies, Inc. announced on June 13, 2025, the departure of its Chief Financial Officer, Charles W. "Chuck" Wood, effective June 13, 2025. The company also announced the appointment of David M. Schorle as the new Chief Financial Officer, effective June 13, 2025. Additionally, the company reported on compensatory arrangements for its named executive officers.
Why It Matters
This filing indicates a significant leadership change in the financial department, which could impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty and signal potential strategic shifts.
Key Players & Entities
- Forum Energy Technologies, Inc. (company) — Registrant
- Charles W. "Chuck" Wood (person) — Departing Chief Financial Officer
- David M. Schorle (person) — Appointed Chief Financial Officer
- June 13, 2025 (date) — Effective date of CFO change
FAQ
Who has been appointed as the new Chief Financial Officer of Forum Energy Technologies, Inc.?
David M. Schorle has been appointed as the new Chief Financial Officer, effective June 13, 2025.
When did Charles W. "Chuck" Wood's departure as CFO become effective?
Charles W. "Chuck" Wood's departure as CFO became effective on June 13, 2025.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of a director or officer, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the company's state of incorporation?
The company is incorporated in Delaware.
What is the business address of Forum Energy Technologies, Inc.?
The business address is 10344 Sam Houston Park Drive, Suite 300, Houston, TX 77064.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 16, 2025 by Charles W. "Chuck" Wood regarding FORUM ENERGY TECHNOLOGIES, INC. (FET).