Flotek announces key amendments to the employee stock purchase plan

Houston , july 6, 2023 /prnewswire/ -- flotek industries, inc. ("flotek" or the "company") (nyse: ftk) announced that the company has adopted the following amendments to the flotek industries, inc. 2012 employee stock purchase plan (as amended, the "plan"): removed the prior prohibition on executive officers participating in the plan; removed restrictions to allow highly compensated employees (within the meaning of section 423(b)(4)(d) of the internal revenue code of 1986, as amended) to participate in the plan; removed the 1,000 shares of company common stock limit per employee per offering period under the plan. these amendments will provide all employees, including the company's officers, the ability to participate in the plan and purchase shares of the company's stock through payroll deductions up to a maximum of $25,000 per year.
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