Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. (ERI) on July 10, 2024. The filing primarily addresses a corporate governance update regarding the appointment of a new interim executive 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 on personnel changes rather than financial performance data.
Material Changes
The material change reported is the appointment of Mr. Brandon Young as the Company's interim Chief Accounting Officer, effective July 10, 2024. In connection with this appointment, the Company granted Mr. Young restricted stock units valued at $20,000.
Management Commentary and Risks
Mr. Young, age 51, joined the Company in 2012 and has served as VP, Corporate Controller since May 2022. He holds a bachelor's degree from UCLA and is a California-licensed Certified Public Accountant. The filing states there are no family relationships between Mr. Young and other executives or directors, and no reportable related party transactions exist.
Investor Verification Checklist
- Verify the effective date of the interim Chief Accounting Officer appointment (July 10, 2024).
- Confirm the value of the restricted stock units granted ($20,000).
- Review Mr. Young's prior tenure as VP, Corporate Controller starting May 2022.
- Note that no financial performance data is included in this specific filing.