Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 1, 2021, Flotek Industries, Inc. (the "Company") entered into an employment agreement (the "Agreement") with Ryan Ezell pursuant to which Dr. Ezell will continue to serve as the Company's President, Chemistry Technologies. Pursuant to the Agreement, Dr. Ezell will earn an annual base salary of $350,000, will be eligible to participate in the Company's long-term incentive plans, and is eligible for an annual bonus with a target of 100% of base salary. If the Agreement is terminated by the Company without "Cause" or is terminated by Dr. Ezell for "Good Reason" (in each case as defined in the Agreement), upon execution of an acceptable separation and release agreement, the Company will pay to Dr. Ezell (a) severance equal to Dr. Ezell's base salary (payable over 12 months), (b) a pro-rata portion of Dr. Ezell's annual bonus for the year of termination, based on actual performance and paid at the usual time, (c) any earned but unpaid annual bonus for the prior calendar year, and (d) the difference between the amount Dr. Ezell pays for COBRA premiums and the amount similarly situated employees of the Company would pay for such coverage for a period of 12 months. In addition, if such termination occurs within 18 months following a "Change of Control" (as defined in the Agreement), all unvested equity awards that have been granted to Dr. Ezell under any incentive plan will become fully vested. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.



  (d)  Exhibits.

Exhibit Number                     Description
10.1                                 Employment Agreement between Flotek Industries, Inc. and Ryan
                                   Ezell effective as of January 1, 2021.

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