Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Energy Recovery, Inc. on June 4, 2010. The filing details the election of directors and the ratification of the independent registered public accounting firm.
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 voting results.
Material Changes
No material financial changes are reported in this filing. The document records the outcome of shareholder votes regarding board composition and auditor selection.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future operations. It confirms the ratification of BDO Seidman, LLP as the independent auditor for the year ended December 31, 2010.
Key Facts for Investor Verification
- Shareholder Count: As of the April 15, 2010 record date, 51,213,647 shares of common stock were outstanding and entitled to vote.
- Director Election Results:
- Arve Hanstveit: 14,704,313 affirmative votes; 326,910 withheld.
- Hans Peter Michelet: 14,710,039 affirmative votes; 321,184 withheld.
- Broker non-votes for director election totaled 20,580,286.
- Auditor Ratification Results:
- For: 35,334,113 votes.
- Against: 65,508 votes.
- Abstentions: 211,888 votes.
- Broker non-votes: 0.
- Term: The elected Class II Directors will serve until the 2013 Annual Meeting of Stockholders.