Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Termination of the Deferred Compensation Plan OnJune 5, 2020 (the "DCP Termination Date"), in an effort to further streamline the benefits offered to members of management,Forum Energy Technologies, Inc. (the "Company") terminated its Deferred Compensation and Restoration Plan (the "DCP"). The DCP is a supplemental executive retirement plan that has provided key employees and directors with an opportunity to defer receipt of a portion of their salary, bonus and other specified compensation. In addition, the DCP has been maintained as an unfunded, nonqualified plan providing benefits based on the participant's notional account balance at the time of retirement or termination. In accordance with Section 409A of the Internal Revenue Code of 1986, as amended, and as a result of the termination of the DCP, payment of the full balance of each DCP participant's account as of a final payment date (the "Final Payment Date") is scheduled to occur following the first anniversary of the DCP Termination Date. At such time, DCP participants will receive a single, lump sum payout of their respective accounts as of the Final Payment Date. Distributions that are set to occur prior to the Final Payment Date will be made as currently scheduled in the ordinary course. Balances under the DCP will continue to accrue interest at a rate of 8% per annum until the Final Payment Date. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Title or Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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