Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Recovery, Inc. on September 6, 2016, regarding events occurring on September 3, 2016. The company is incorporated in Delaware and maintains its principal executive offices in San Leandro, California.
Key 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 corporate governance changes rather than financial performance.
Material Changes
The primary material change reported is the appointment of Mr. Sherif Foda as a Class II director by the Board of Directors on September 3, 2016. Consequently, the Board now consists of 9 directors. Mr. Foda received no committee assignments at the time of appointment and will receive compensation and indemnification consistent with other non-employee directors. No reportable transactions under Item 404(a) of Regulation S-K exist between Mr. Foda and the registrant.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document serves solely to disclose the director appointment and includes a press release as Exhibit 99.1.
Investor Verification Checklist
- Verify the background and qualifications of the newly appointed director, Mr. Sherif Foda.
- Confirm the total Board composition is now 9 directors.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Check subsequent filings for any committee assignments given to Mr. Foda.