Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on July 31, 2019, regarding events occurring on July 30, 2019. The company is incorporated in Delaware and its common stock trades on the Nasdaq Stock Market under the symbol ERII.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on corporate governance changes.
Material Changes
The primary material change reported is the appointment of Ms. Pamela Lise Tondreau as a Class II director by the Board of Directors. Following this appointment, the Board consists of 8 directors. Ms. Tondreau has also been appointed to the Company's Compensation Committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. Regarding the new director appointment, the company confirmed there are no arrangements or understandings with other persons that influenced the selection, no family relationships with existing officers or directors, and no reportable transactions under Item 404(a) of Regulation S-K. Ms. Tondreau will receive pro-rated compensation and indemnification consistent with other non-employee directors.
Key Facts for Investor Verification
- Ms. Pamela Lise Tondreau was appointed as a Class II director on July 30, 2019.
- The Board of Directors now consists of 8 members.
- Ms. Tondreau serves on the Compensation Committee.
- No special compensation arrangements or reportable transactions exist between Ms. Tondreau and the company.
- A press release detailing the appointment is included as Exhibit 99.1.