Energy Recovery Amends 8-K on Officer Changes, Compensation
Ticker: ERII · Form: 8-K/A · Filed: Jan 31, 2024 · CIK: 1421517
| Field | Detail |
|---|---|
| Company | Energy Recovery, Inc. (ERII) |
| Form Type | 8-K/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $570,000, b, $100,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, amendment, governance
TL;DR
**Energy Recovery filed an 8-K/A, updating details on executive changes and pay.**
AI Summary
Energy Recovery, Inc. filed an amended 8-K/A on January 31, 2024, to update information regarding the departure or election of directors and officers, as well as compensatory arrangements, with the earliest event reported on January 16, 2024. This filing is an amendment to a previous report, indicating a correction or additional detail. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of long-term stock value.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous report, suggesting a clarification rather than a new, significant event, thus posing a low immediate risk.
Analyst Insight
A smart investor would monitor subsequent filings or company announcements for specific details about the executive changes and compensation arrangements mentioned, as these could influence future company performance and stock valuation.
Key Players & Entities
- Energy Recovery, Inc. (company) — the registrant filing the 8-K/A
- January 31, 2024 (date) — the date the 8-K/A was filed
- January 16, 2024 (date) — the date of the earliest event reported in the filing
- Delaware (company) — state of incorporation for Energy Recovery, Inc.
- 001-34112 (company) — Commission File Number for Energy Recovery, Inc.
FAQ
What is the purpose of an 8-K/A filing by Energy Recovery, Inc.?
The 8-K/A filing by Energy Recovery, Inc. is an amendment to a previous Current Report, providing updated or additional information regarding events such as the departure or election of directors or certain officers, and compensatory arrangements of certain officers, as indicated in ITEM 5.02.
When was the earliest event reported in this 8-K/A filing?
The earliest event reported in this 8-K/A filing occurred on January 16, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the trading symbol for Energy Recovery, Inc. on The Nasdaq Stock Market LLC?
The trading symbol for Energy Recovery, Inc. on The Nasdaq Stock Market LLC is ERII, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.
Where is Energy Recovery, Inc.'s principal executive office located?
Energy Recovery, Inc.'s principal executive office is located at 1717 Doolittle Drive, San Leandro, California 94577, according to the 'Address of Principal Executive Offices' section.
What specific items are covered in this 8-K/A filing?
This 8-K/A filing specifically covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits', as indicated by the 'ITEM INFORMATION' sections.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-01-31 16:05:37
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value ERII The Nasdaq Stock Market
- $570,000, b — . Moon will receive an annual salary of $570,000, be eligible for an annual bonus from 0% t
- $100,000 — ime relocation benefit in the amount of $100,000. The foregoing description of the Emp
Filing Documents
- erii-20240116.htm (8-K/A) — 27KB
- ex101-moondofferletter.htm (EX-10.1) — 15KB
- er_logoh4c.jpg (GRAPHIC) — 17KB
- erii-20240116_g1.jpg (GRAPHIC) — 40KB
- 0001421517-24-000019.txt ( ) — 300KB
- erii-20240116.xsd (EX-101.SCH) — 2KB
- erii-20240116_lab.xml (EX-101.LAB) — 23KB
- erii-20240116_pre.xml (EX-101.PRE) — 12KB
- erii-20240116_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Offer of Employment with Energy Recovery, Inc., as President and Chief Executive Officer 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Energy Recovery, Inc. Date: January 31, 2024 By: /s/ William Yeung William Yeung Chief Legal Officer