Forum Energy Tech Shareholders Back Directors and Incentive Plan

Forum Energy Tech ( (FET) ) has shared an update.

Forum Energy Technologies held its 2026 Annual Meeting of Stockholders on May 8, 2026, where investors elected three Class II directors, Evelyn M. Angelle, John A. Carrig, and Neal A. Lux, to serve on the board until the 2029 annual meeting. Stockholders also ratified Deloitte & Touche LLP as the company’s independent auditor for 2026, confirming continuity in external financial oversight.

At the same meeting, shareholders approved on an advisory basis the compensation of the company’s named executive officers, signaling support for current pay practices. They further backed an amendment to the company’s 2016 Stock and Incentive Plan, providing continued authorization for equity-based incentives that may influence management alignment with investor interests.

Spark’s Take on FET Stock

According to Spark, TipRanks’ AI Analyst, FET is a Neutral.

Score is driven primarily by improving financial performance (strong cash generation, better leverage, and recovering operating profitability) and a constructive earnings call with raised EBITDA guidance and strong backlog visibility. The rating is tempered by a relatively rich valuation (P/E 36.61), the company still being slightly unprofitable at the bottom line in TTM, and a mixed near-term technical picture with recent weakness versus shorter-term moving averages.

To see Spark’s full report on FET stock, click here.

More about Forum Energy Tech

Forum Energy Technologies operates in the energy sector, providing products and services that support oilfield operations and related energy infrastructure. The company focuses on technologies and tools used by energy producers and service companies, with governance and compensation structures overseen by its board and subject to stockholder approval.

Average Trading Volume: 222,420

Technical Sentiment Signal: Hold

Current Market Cap: $607.2M

See more data about FET stock on TipRanks’ Stock Analysis page.