Forum Energy Technologies (FET) Proxy filing summary

Executive summary

• Achieved strong operational and financial performance in 2025, with a 139% stock price increase and $80 million in free cash flow, enabling significant share repurchases and debt reduction.

• Continued execution of the “Beat-the-Market” strategy, focusing on innovation, global expansion, and margin resilience.

• Added two new directors and reappointed a former director, enhancing board diversity and expertise.

• Positioned for steady growth in 2026, supported by a robust backlog and disciplined cost structure.

Voting matters and shareholder proposals

• Election of three directors for three-year terms.

• Advisory vote on executive compensation (say-on-pay).

• Approval of an amendment to the 2016 Stock Incentive Plan to increase shares available for issuance.

• Ratification of Deloitte & Touche LLP as independent auditor for 2026.

Board of directors and corporate governance

• Board consists of nine members, with a majority being independent and diverse in gender and ethnicity.

• Directors bring expertise in leadership, finance, industry, operations, and innovation.

• Board committees include Audit, Compensation and Human Capital, and Nominating, Governance and Sustainability (NG&S), each with defined oversight roles.

• Directors and executives are subject to stock ownership requirements and annual compliance reviews.

• Annual board and committee evaluations, with a focus on diversity and overboarding policies.