Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on April 27, 2017. The report addresses a corporate governance event 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 material change reported is the resignation of Mr. Dominique Trempont from the Board of Directors. Mr. Trempont, who has served since 2008 and chaired the Audit Committee, notified the company on April 25, 2017, of his intention to resign upon the completion of the current Board term on June 21, 2017.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Management commentary is limited to acknowledging Mr. Trempont's contributions to the company's growth and transformation since the Initial Public Offering.
Key Facts for Investor Verification
- Mr. Dominique Trempont is resigning from the Board of Directors effective June 21, 2017.
- Mr. Trempont currently serves as the chairman of the Audit Committee.
- The resignation is voluntary and coincides with the end of his current Board term.
- The company has not yet announced a replacement for Mr. Trempont in this filing.