ChampionX Corp 2024年度报告

FORM 10-K ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from toCommission file number: 001-38441ChampionX Corporation (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).Yes☐No☐ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant, determined bymultiplying the outstanding shares on June 28, 2024, by the closing price on such day of $33.21 as reported on theNasdaq Stock Market, was $6,284,460,974. The registrant had 190.8 million shares of common stock, $0.01 par value, outstanding as of January 31, 2025. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement relating to its 2025 annual meeting of shareholders areincorporated by reference into Part III of this Annual Report on Form 10-K where indicated, or such information will beincluded in an amendment to this Form 10-K in accordance with Instruction G(3) of Form 10-K. CHAMPIONX CORPORATION TABLE OF CONTENTS PART I Item 1. Business5Information about our Executive Officers13Item 1A. Risk Factors14Item 1B. Unresolved Staff Comments27Item 1C. Cybersecurity27Item 2. Properties28Item 3. Legal Proceedings28Item 4. Mine Safety Disclosures28 PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities29Item 6. [Reserved]29Item 7. Management’s Discussion and Analysis of Financial Condition and Results ofOperations30 Item 7A. Quantitative and Qualitative Disclosures about Market Risk38Item 8. Financial Statements and Supplementary Data40Item 9. Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure79Item 9A. Controls and Procedures79Item 9B. Other Information79Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections80 PART III Item 10. Directors, Executive Officers and Corporate Governance81Item 11. Executive Compensation81Item 12. Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters81Item 13. Certain Relationships and Related Transactions, and Director Independence81Item 14. Principal Accounting Fees and Services81 PART IV Item 15. Exhibits and Financial Statement Schedules82Item 16. Form 10-K Summary84Signatures86 3 Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains