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Flotek Industries, Inc. Announces Results Of Annual Stockholder Meeting

HOUSTON, May 22, 2014 /PRNewswire/ -- Flotek Industries, Inc. (FTK:NYSE) ("Flotek" or the "Company") today announced the results of its Annual Stockholder Meeting.

As filed on Form 8-K with the U.S. Securities and Exchange Commission, Flotek held its Annual Stockholder Meeting on May 16, 2014.

At the meeting the following were elected to serve a one-year term as Directors of the Company: Ted D. Brown, John Chisholm, L. Melvin Cooper, Carla Schulz Hardy, Kenneth T. Hern, L.V. "Bud" McGuire and John S. Reiland. All received in excess of a majority of the votes cast.

"I am delighted that Flotek shareholders overwhelming embraced each of these dedicated professionals to serve as Directors of the Company for the coming year," said John Chisholm, Chairman of the Board, President and Chief Executive Officer of Flotek. "Notwithstanding the erroneous claims made by a misinformed proxy advisory firm regarding one candidate, our shareholders were willing to carefully consider the facts and, in turn, provide a strong vote of confidence for our incumbent Directors."

"On behalf of the entire Board of Directors, we appreciate the support our shareholders have shown and pledge to continue to work diligently to ensure each decision we make is made with the best interests of our shareholders at the forefront," added Kenneth T. Hern, lead independent director of the Board.

In addition, a majority of Flotek shareholders voted to approve the 2014 Long-Term Incentive Plan, the Advisory Vote on Executive Compensation and ratification of the appointment of Hein & Associates LLP as the Company's independent auditors for the year ending December 31, 2014.

"We appreciate the support of our shareholders in approving our new Long-Term Incentive Plan, the review of Flotek's executive compensation and Hein & Associates as our auditors," added Chisholm. "We always look for ways to improve our governance structure and our transparency and will continue to do so in the coming year, including reviewing our compensation arrangements to make certain they are appropriately crafted to balance the interests of all stakeholders with the goal of attracting the best talent available to achieve Flotek's objective of maximizing growth and value creation for its shareholders."

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