Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on April 19, 2023. The filing addresses corporate governance changes regarding the 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 focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the departure of two Board members:
- Mr. Sherif Foda
- Ms. Lisa Pollina
Both directors resigned effective upon the completion of their terms at the 2023 Annual Meeting. The Company stated that these resignations are not based on any disagreement with the Company.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, or specific risk factors. The document is limited to the notification of the directors' departures.
Key Facts for Investor Verification
- Confirm the exact date of the 2023 Annual Meeting to determine the effective date of the resignations.
- Verify if the Board has nominated replacement candidates for the upcoming Annual Meeting.
- Review the Company's proxy statement for the 2023 Annual Meeting for further details on the composition of the Board.