Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. (NASDAQ: ERII) on February 21, 2024. The filing reports a material corporate governance event regarding the executive leadership team.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. It is a current report focused solely on personnel changes.
Material Changes
The primary material change disclosed is the announced resignation of Joshua Ballard, the Company's Chief Financial Officer. Mr. Ballard intends to resign effective June 30, 2024. The Company has accepted the resignation and initiated a search for a successor. Management stated that the resignation does not result from any disagreement with the Company, its management, or the Board regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing provides no financial guidance, outlook, or discussion of market risks. The only contingency noted is the transition of the CFO role, for which a search has commenced.
Key Facts for Investor Verification
- Joshua Ballard, CFO, will resign effective June 30, 2024.
- The resignation is voluntary and unrelated to any disputes with the Board or management.
- A search for a new CFO has already begun.
- No financial performance data is included in this specific filing.