TETRA Technologies Provides Update on Annual Meeting Process
Annual Meeting of Shareholders on Track
No Action Needed from Shareholders Currently
TETRA Technologies, Inc. (NYSE: TTI), a company renowned for its leadership in energy services and innovative energy solutions, announces that it has received notice from an investor group led by Brad Radoff regarding their decision to withdraw their four proposed director nominees. This development confirms that the upcoming Annual Meeting of Shareholders in 2025 will proceed as an uncontested election.
The TETRA management team expresses gratitude to shareholders for their constructive engagement during this process and anticipates continued dialogue leading up to the annual meeting.
About TETRA Technologies
TETRA Technologies, Inc. stands at the forefront of energy services and solutions, specializing in environmentally conscious practices that aim to enhance the quality of life for individuals globally. With operations across six continents, the Company’s diverse portfolio includes Energy Services, Industrial Chemicals, and Lithium Ventures. TETRA is not only a supplier of essential products and services to the oil and gas industry, such as calcium chloride for various applications, but it is also making strides toward sustainability by leveraging chemical expertise and key mineral assets to address the growing demand for low-carbon energy solutions.
As part of its commitment to sustainable energy practices, TETRA continues to develop innovative technologies and infrastructure that will support environmentally responsible energy solutions for future generations.
Important Information for Shareholders
The Company will be filing a definitive proxy statement and a corresponding proxy card with the U.S. Securities and Exchange Commission (SEC) to solicit proxies for the upcoming Annual Meeting. Shareholders are strongly encouraged to review the proxy statement, along with any other pertinent documents that will be filed with the SEC. These materials will provide vital information about the meeting.
Shareholders will have the opportunity to access the filings at no cost on the SEC's website, which is a great resource for all updates regarding the Company. All materials will also be accessible via TETRA’s own website.
Shareholder Participation Information
For more details about participation in the Annual Meeting, the Company invites interested parties to refer to the soliciting material available with the SEC. This ensures that all shareholders have access to the most relevant information as the date approaches.
Frequently Asked Questions
What is the main update shared by TETRA Technologies?
TETRA Technologies announced the withdrawal of an investor group’s nominees for the board of directors, confirming that the Annual Meeting will proceed as planned and uncontested.
Why is the investor group withdrawing their nominations?
The specific reasons for the investor group's action were not disclosed, but the withdrawal leads to an uncontested election at the Annual Meeting, easing the process for current management.
How does this affect shareholders?
Shareholders do not need to take any action at this time, but they are encouraged to stay informed and participate in the upcoming Annual Meeting.
What services does TETRA provide?
TETRA Technologies focuses on energy services, industrial chemicals, and lithium ventures, promoting sustainable practices while meeting the needs of the energy sector.
Where can shareholders find more information?
More information is available on TETRA’s official website and through the SEC’s website, where important documents will be published for review.
