Forum Energy Technologies, Inc. (FET)
NYSE · Common · CUSIP 34984V209
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Security Profile

Security Type
Common Stock
CUSIP
34984V209 (prev. 34984V100 )
Market Cap
Micro Cap
IPO
$20.00/share
Business: Forum Energy Technologies Inc., is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas.
Notes: October 30, 2020 --Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.01 per share, accompanied by a corresponding decrease in the Company’s authorized shares of common stock (the “Reverse Stock Split”), such that, following the consummation of the Reverse Stock Split, the number of authorized shares of common stock will be reduced from 296,000,000 to 14,800,000. The Company anticipates that the effective time of the Reverse Stock Split will be after market close on November 9, 2020, with the common stock trading on a post-split basis under the Company’s existing trading symbol, “FET,” at the market open on November 10, 2020 with a new CUSIP number, 34984V209. as a result of the Reverse Stock Split, every 20 pre-split shares of common stock outstanding will automatically combine into one new share of common stock without any action on the part of the holders, and the number of outstanding common shares will be reduced from approximately 111.5 million shares to approximately 5.6 million shares.

Company Contact

CEO
Neal Lux
CFO
D. Lyle Williams Jr.
Headquarters
10344 Sam Houston Park Drive , Suite 300, Houston, TX 77064
Phone
713-351-7900
Fax
281-949-2554
Investor Relations
Rob Kukla · 281-994-3763 · rob.kukla@f-e-t.com
General Email
info@f-e-t.com
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