Business Context and Reporting Period
Company: Energy Recovery, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 19, 2012
Event Date: October 19, 2012
The Company reported a material event involving a confidential settlement agreement with a supplier regarding an alleged breach of contract claim.
Key Financial Metrics
Settlement Proceeds: $775,000 (one-time payment)
Materiality: The Company deems this amount material to its financial results.
Other Metrics: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- The Company entered into a settlement agreement resulting in a one-time cash inflow of $775,000.
- The settlement was reached without any admission of liability or wrongdoing by the supplier.
Outlook, Risks, and Management Commentary
Management Commentary: The Company characterized the $775,000 payment as material to its financial results. The agreement remains confidential.
Risks and Contingencies: The filing does not disclose specific future risks or contingencies beyond the resolution of the supplier dispute.
Guidance: No forward-looking guidance was provided in this filing.
Investor Verification Checklist
- Verify the impact of the $775,000 settlement on the Company's upcoming quarterly earnings report.
- Confirm whether the settlement resolves all outstanding claims with the specific supplier.
- Review subsequent filings for any updates on the confidentiality terms or additional financial implications.