Business Context and Reporting Period
This Form 8-K reports on the results of the 2013 Annual Meeting of Stockholders held by Energy Recovery, Inc. on June 18, 2013, in San Leandro, California. As of the April 22, 2013 record date, 51,022,984 shares of common stock were outstanding, with approximately 75.92% represented at the meeting.
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 and voting outcomes.
Material Changes and Voting Results
Three proposals were submitted to stockholders, all of which were approved:
- Election of Directors: Two Class II Directors were elected to serve until the 2016 Annual Meeting.
- Arve Hanstveit: 90.01% of votes cast in favor.
- Hans Peter Michelet: 96.02% of votes cast in favor.
- Ratification of Auditors: Stockholders ratified the appointment of BDO USA, LLP as the independent registered public accounting firm for the year ending December 31, 2013, with 99.08% of votes cast in favor.
- Executive Compensation: A non-binding advisory resolution regarding executive compensation was approved with 92.62% of votes cast in favor.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific terms of the executive compensation plan referenced in the advisory vote.
- Confirm the tenure and responsibilities of the newly elected Class II Directors.
- Review the detailed proxy statement filed on April 26, 2013, for full context on the proposals.