Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on March 19, 2020. The filing reports a specific corporate event regarding executive leadership changes effective immediately on the date of the report.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure and does not contain financial statements or performance metrics.
Material Changes
The primary material change disclosed is the departure of Eric Siebert, who served as the Vice President of Oil & Gas. His departure from the Company became effective immediately on March 19, 2020.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors beyond the operational impact of the executive departure. A press release dated March 19, 2020, is attached as Exhibit 99.1 but its specific content is not detailed in the filing text provided.
Key Facts for Investor Verification
- Verify the effective date of Eric Siebert's departure (March 19, 2020).
- Confirm if a replacement for the Vice President of Oil & Gas has been appointed or if the role is being restructured.
- Review the attached Press Release (Exhibit 99.1) for additional context on the departure and its impact on the Oil & Gas segment.