Forum Energy Technologies, Inc. (FET)

19.37 -0.08 (-0.41%) As of 01:04PM EDT. Market open.

Forum Energy Technologies, Inc.

10344 Sam Houston Park Drive
Suite 300
Houston, TX 77064
United States
713 351 7900
https://www.f-e-t.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full-time employees: 1,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Neal A. Lux	President, CEO & Director	1.19M	N/A	1976
Mr. David Lyle Williams Jr.	Executive VP & CFO	778.53k	N/A	1970
Mr. John C. Ivascu	Executive VP, General Counsel, Chief Compliance Officer & Corporate Secretary	623.04k	N/A	1978
Ms. Katherine T. Keller	Senior VP & Chief Accounting Officer	N/A	N/A	1984
Rob Kukla	Director of Investor Relations	N/A	N/A	N/A
Mr. Michael D. Danford	Senior VP & Chief Human Resources Officer	419.87k	N/A	1963
Mr. Steven Pounds	Senior Vice President of Operations	N/A	N/A	1973
Mr. Mark Brookes	Senior Vice President of Operations	N/A	N/A	1976
Mr. Tylar K. Schmitt	VP of Finance & Treasurer	N/A	N/A	1973

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe and related services. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

Corporate governance

Forum Energy Technologies, Inc.’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 2; Board: 5; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.