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): August 13, 2019
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Officers; Compensatory Arrangements of Certain Officers.
On August 13, 2019, the Board of Directors of Forum Energy Technologies, Inc. (the “Company”) appointed Mr. John McElroy, Corporate Controller, to serve as the Company’s Principal Accounting Officer (“PAO”). In connection with his appointment, Mr. McElroy has entered into the Company’s standard form of indemnification agreement.
Mr. McElroy, age 35, has served as Corporate Controller since January 2018. From March 2016 to January 2018, Mr. McElroy worked as the Assistant Controller and Director of Financial Reporting for Newpark Resources, Inc., a supplier of products, rentals and services to the oil and natural gas industry. From August 2010 to March 2016, Mr. McElroy held various roles with Kraton Corporation, a manufacturer of specialty chemicals, most recently serving as the Director of Financial Reporting from September 2014 to March 2016. Prior to joining Kraton Corporation, Mr. McElroy worked in the audit department of Ernst & Young LLP, an independent accounting firm, from September 2006 to July 2010. Mr. McElroy holds a Masters in Professional Accounting from the University of Texas at Austin and is a certified public accountant in Texas.
There are no arrangements or understandings between Mr. McElroy and other persons pursuant to which he was appointed as the PAO of the Company. There are no family relationships between Mr. McElroy and any director or executive officer, or any person nominated or chosen by the Company to become a director or executive officer that would be reportable under Item 404(a) of the Regulation S-K.
In connection with Mr. McElroy’s appointment, Mr. Tylar K. Schmitt, the Company’s former PAO, was appointed to serve as Vice President – Finance and Treasurer. Mr. Schmitt assumes the role of Treasurer from Mr. Pablo G. Mercado, the Company’s Senior Vice President and Chief Financial Officer. Mr. Mercado will continue to serve as the Company’s Principal Financial Officer.
SIGNATURES
Pursuant to the requirements of the Securities 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 16, 2019 | FORUM ENERGY TECHNOLOGIES, INC. | |||
/s/ John C. Ivascu | ||||
John C. Ivascu | ||||
Senior Vice President, General Counsel and Secretary | ||||