Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on March 9, 2022, covering an event dated March 7, 2022. The filing addresses corporate governance matters 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
On March 7, 2022, Mr. Olav Fjell notified the Board of Directors of his intention to retire from the Board upon the completion of his current term. His term concludes at the Company's 2022 Annual Meeting. Mr. Fjell explicitly stated that his decision not to seek re-election is not based on any disagreement with the Company.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, risks, contingencies, or unusual items. The sole disclosure pertains to the voluntary departure of a director.
Key Facts for Investors to Verify
- Mr. Olav Fjell will retire from the Board of Directors at the 2022 Annual Meeting.
- The departure is voluntary and not related to any disagreement with the Company.
- The Company has not disclosed any financial results or strategic changes in this specific filing.