SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. __________ )(1)
FLOTEK INDUSTRIES INC.
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(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE PER SHARE
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(Title of Class of Securities)
343389 10 2
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(CUSIP Number)
John Todd Sanner
3301 Jacquelyn Terrace
Duncan, Oklahoma 73533
(580) 255-2140
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 1, 2001
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
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(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No.343389 10 2 13D Page 2 of 6 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John Todd Sanner
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
00
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
261,164
SHARES ______________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 261,164
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
261,164
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.343389 10 2 13D Page 3 of 6 Pages
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
________________________________________________________________________________
Item 1. Security and Issuer.
This Statement relates to the Common Stock, $0.0001 par value per share of
Flotek Industries Inc., a Delaware corporation (the "Company"). The principal
executive offices of the Company are located at 7030 Empire Central Drive,
Houston, Texas 77040.
________________________________________________________________________________
Item 2. Identity and Background.
(a) This Statement is filed by John Todd Sanner.
(b) Mr. Sanner's residential address is 3301 Jacquelyn
Terrace, Duncan, Oklahoma 73533.
(c) Mr. Sanner is the Vice President - Chemical Operations of the
Company and works at #1 Plainsman Road, Marlow, Oklahoma 73055.
(d) Mr. Sanner has not been convicted in a criminal proceeding during the
last five years (excluding traffic violations or similar
misdemeanors).
(e) During the past five years, Mr. Sanner was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) John Todd Sanner is a citizen of the United States.
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
These securities were acquired pursuant to the terms and conditions of that
certain Agreement and Plan of Reorganization (the "Merger Agreement") dated
August 15, 2001 between the Company, and Chemical & Equipment Specialties, Inc.
("CESI"). Pursuant to the Merger Agreement, at the effective time of the merger
November 1, 2001, each share of CESI common stock issued and outstanding was
converted into 2.611644 shares of the Company's common stock. Mr. Sanner also
had an option to purchase CESI common stock which was similarly converted into
an option to acquire Company common stock. Prior to the merger, Mr. Sanner was a
shareholder of CESI.
CUSIP No.343389 10 2 13D Page 4 of 6 Pages
______________________________________________________________________________
Item 4. Purpose of Transaction.
As disclosed in Item 3 above, pursuant to the terms and conditions of the
Merger Agreement, Mr. Sanner's shares of CESI common stock were automatically
converted into shares of the Company's common stock.
On November 1, 2001, at the closing of the Merger, John Todd Sanner became
the Vice President - Chemical Operations of the Company.
Except as described in this Item 4, Mr. Sanner has not formulated any plans
or proposals which relate to or would result in any matter required to be
disclosed in response to paragraphs (a) through (j) of Item 4 of Schedule 13D.
However, in his capacity as an officer of the Company, he will be involved in
reviewing and implementing proposals for the Company to engage in transactions
described in paragraphs (a) through (j) which may be proposed from time to time.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) John Todd Sanner is the direct beneficial owner of 261,164 shares,
which includes 65,291 shares which he has the right to acquire by
exercise of options, or approximately 5.3% of the 4,915,987 shares of
common stock of the Company that were issued and outstanding on
November 1, 2001 assuming exercise of Mr. Sanner's option.
(b) John Todd Sanner has the sole direct power to vote and direct the
disposition of the shares held by him.
(c) Mr. Sanner has not engaged in any transactions involving the
Company's common stock in the last sixty (60) days.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the
shares held by him.
(e) Not applicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
In connection with the Merger Agreement, Mr. Sanner entered into a Target
Shareholders Agreement between the Company and each of the shareholders of CESI
effective as of November 1, 2001 ("Shareholder's Agreement"). The Shareholder's
Agreement contains certain provisions relating to the distribution, resale,
sale, transfer or other disposition of all or any part of the Company's common
stock. The shareholders acknowledge that the Company's common stock is being
acquired for investment purposes only and not with the view to distribute or
resale, nor with the intention of selling, transferring or otherwise disposing
of all or any part of the Company's stock, except selling, transferring or
disposing of the stock in compliance with all applicable provisions of the
Securities Act of 1933, rules and regulations. In addition, the shareholders
acknowledge that such shares must be held indefinitely unless they are
subsequently registered under the Securities Act of 1933 and any applicable
state securities laws.
CUSIP No.343389 10 2 13D Page 5 of 6 Pages
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
The following exhibits to this Schedule 13D are filed herewith:
(1) Agreement and Plan of Reorganization dated as of August 15, 2001
between Flotek Industries Inc., and Chemical & Equipment Specialties,
Inc. (Incorporated by reference to Exhibit 99.1 to Form 8-K dated
October 12, 2001 filed by Flotek Industries Inc.
(SEC File No. 001-13270)
(2) Target Shareholder's Agreement between Flotek Industries Inc.,
and each of the shareholders of Chemical & Equipment Specialties, Inc.
effective as of November 1, 2001. (Incorporated by reference to
Exhibit 2 to Schedule 13D filed by Glenn S. Penny on November 13,
2001, relating to the stock of Flotek Industries, Inc.
________________________________________________________________________________
CUSIP No.343389 10 2 13D Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
November 9, 2001
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(Date)
/s/ John Todd Sanner
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(Signature)
John Todd Sanner
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(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).