Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on March 17, 2014, regarding events occurring on March 13, 2014. The filing addresses a change in the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance matters and does not contain financial performance data.
Material Changes
On March 13, 2014, Mr. Robert Yu Lang Mao advised the Board of Directors that he will not stand for re-election at the upcoming annual meeting. Consequently, he will step down from the Board upon the expiration of his current term at that meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks and contingencies related to operations. The document explicitly states that the information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into other filings except as expressly set forth.
Key Facts for Investor Verification
- Mr. Robert Yu Lang Mao is departing the Board of Directors effective at the next annual meeting.
- The departure is voluntary and based on a decision not to seek re-election.
- Correspondence from Mr. Mao dated March 13, 2014, is attached as Exhibit 99.1.
- No financial data or operational updates are included in this specific filing.