Business Context and Reporting Period
This Form 8-K Current Report is filed by Energy Recovery, Inc. for the reporting period ending March 24, 2009. The filing primarily addresses corporate governance changes regarding the appointment of a new principal accounting officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial statement data.
Material Changes
- Appointment of Principal Accounting Officer: On March 9, 2009, the company appointed Deno G. Bokas as its Principal Accounting Officer. He also holds the titles of Vice President Finance and Chief Accounting Officer.
- Employment Status: Mr. Bokas joined the company as a full-time employee in January 2009.
- Reporting Delay: The filing was delayed until the date of the press release (March 24, 2009) to comply with Item 5.02 instructions.
Management Commentary and Background
Mr. Bokas brings significant experience in financial services for pharmaceutical, equipment device, and scientific research companies. His prior roles include:
- Vice President Finance and Corporate Controller at Aradigm Corporation (Nov 2007 – May 2008).
- Vice President and Controller at Perlegen Sciences (pre-IPO).
- SEC reporting and accounting capacity at Xenogen Corporation (Dec 2004 – Sep 2006).
- Chief Financial Officer for the National Railroad Passenger Corporation (2002 – 2004).
He holds a Master of Science in Finance from Walsh College, a Bachelor of Business Administration from Eastern Michigan University, and is a Certified Public Accountant (CPA).
Investor Verification Checklist
- Verify the effective date of Mr. Bokas's appointment (March 9, 2009) versus his start date as a full-time employee (January 2009).
- Review the attached Exhibit 99.1 (News Release) for any additional details on the transition of duties.
- Confirm that no other financial or operational metrics were disclosed in this specific filing.