Polen Capital Amends Stake in Forum Energy Technologies

TL;DR

**Polen Capital just updated its stake in Forum Energy Technologies; watch for market reaction.**

AI Summary

Polen Capital Management LLC, an investment adviser, filed an amended Schedule 13G/A on January 18, 2024, indicating a change in its ownership of Forum Energy Technologies, Inc. common stock as of December 31, 2023. While the exact percentage of ownership isn't explicitly stated in the provided text, the filing suggests a notable position, as it's an amendment to a previous filing. This matters to investors because significant changes in institutional ownership can signal a shift in confidence in the company's future prospects, potentially influencing stock price.

Why It Matters

Changes in institutional ownership, like this amendment from Polen Capital, can influence investor sentiment and stock price for Forum Energy Technologies, Inc.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently present a high risk to investors.

Analyst Insight

Investors should monitor subsequent filings from Polen Capital Management LLC and other institutional investors to gauge ongoing sentiment and potential shifts in ownership of Forum Energy Technologies, Inc. stock.

Key Players & Entities

• Polen Capital Management LLC (company) — the reporting person and investment adviser
• Forum Energy Technologies, Inc. (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 18, 2024 (date) — the filing date of the SC 13G/A
• 34984V209 (other) — CUSIP number for Forum Energy Technologies, Inc. Common Stock

Forward-Looking Statements

• Polen Capital Management LLC will continue to be a significant institutional holder of Forum Energy Technologies, Inc. common stock. (Polen Capital Management LLC) — medium confidence, target: Q1 2025

FAQ

Filing Documents

• polen-fet123123a1.htm (SC 13G/A) — 77KB
• 0001172661-24-000261.txt ( ) — 79KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Forum Energy Technologies, Inc. (the “Issuer”)

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 10344 Sam Houston Park Drive, Suite 300 Houston, TX 77064

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: Polen Capital Management, LLC, a Delaware limited liability company, is located at 1825 NW Corporate Blvd., Suite 300, Boca Raton, FL 33431. Polen Capital Credit, LLC, a Massachusetts limited liability company, is located at 1075 Main Street, Suite 320, Waltham, MA 02451.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock (the “Common Stock”)

(e) CUSIP No

Item 2. (e) CUSIP No.: 34984V209 CUSIP No. 34984V209 SCHEDULE 13G/A Page 4 of 7 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 34984V209 SCHEDULE 13G/A Page 5 of 7 Pages Item 4.Ownership Information with respect to the Reporting Person’s ownership of the Common Stock as of December 31, 2023, is incorporated by reference to items (5) - (9) and (11) of the cover page for the Reporting Person.

Ownership

Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6.Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Please see Exhibit I attached hereto. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 34984V209 SCHEDULE 13G/A Page 6 of 7 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 17, 2024 Polen Capital Management, LLC By: /s/ Brian D. Goldberg Brian D. Goldberg, General Counsel and Chief Compliance Officer Polen Capital Credit, LLC By: /s/ Joshua L. McCarthy Joshua L. McCarthy, General Counsel and Chief Compliance Officer CUSIP No. 34984V209 SCHEDULE 13G/A Page 7 of 7 Pages Exhibit I Pursuant to the instructions in Item 7 of SCHEDULE 13G/A, Polen Capital Credit, LLC (“Polen Credit”), a wholly-owned subsidiary of Polen Capital Management, LLC and an investment adviser registered under Section 203 of the Investment Adviser

View Full Filing

View this SC 13G/A filing on SEC EDGAR