Flowco Holdings Inc. — Form 10-Q
Filed November 4, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Gareth C. Ford's employment agreement was amended and restated effective August 24, 2026, promoting him to Executive Vice President - Production Solutions reporting to CEO. Base salary set at $450,000 annually with 75% target bonus ($337,500), plus minimum $600,000 annual equity grants starting 2027. Severance upon termination without cause or for Good Reason: 1x base+target bonus over 12 months plus 12 months COBRA; 2x multiplier if terminated within 12 months of Change in Control. Oklahoma law carve-outs eliminate post-employment non-compete and narrow non-solicitation to direct customer solicitation only during employment and post-term restricted period.
Why this rating
Routine executive employment amendment—promotion and revised comp terms. $450K salary + $337.5K bonus + $600K equity = ~$1.4M annual comp is ~0.38% of $362.9M market cap. Material to individual but not company scale. Standard severance and restrictive covenants.
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