Energy Recovery Appoints New CFO, Elects Directors
Ticker: ERII · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1421517
| Field | Detail |
|---|---|
| Company | Energy Recovery, Inc. (ERII) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, board-changes, cfo
Related Tickers: ERII
TL;DR
Energy Recovery names Robert Schaffer as new CFO, effective immediately. Board changes also announced.
AI Summary
Energy Recovery, Inc. announced on June 28, 2024, the appointment of Robert W. Schaffer as Chief Financial Officer, effective immediately. Schaffer previously served as interim CFO and brings extensive financial leadership experience to the role. The company also reported on the election of new directors and changes in its board composition.
Why It Matters
This filing indicates a significant leadership change in the finance department, which could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- Energy Recovery, Inc. (company) — Registrant
- Robert W. Schaffer (person) — Chief Financial Officer
FAQ
Who has been appointed as the new Chief Financial Officer of Energy Recovery, Inc.?
Robert W. Schaffer has been appointed as the new Chief Financial Officer of Energy Recovery, Inc.
When was the appointment of the new CFO effective?
The appointment of Robert W. Schaffer as CFO was effective immediately as of June 28, 2024.
What was Robert W. Schaffer's previous role at Energy Recovery, Inc.?
Robert W. Schaffer previously served as the interim Chief Financial Officer of Energy Recovery, Inc.
What other key items are reported in this 8-K filing?
The filing also reports on the election of directors and changes to the board composition.
What is the principal executive office address for Energy Recovery, Inc.?
The principal executive office address is 1717 Doolittle Drive, San Leandro, California 94577.
Filing Stats: 610 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-02 16:02:55
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value ERII The Nasdaq Stock Market
- $400,000 — 1) pay Mr. Ballard a lump sum amount of $400,000; and (2) allow Mr. Ballard, through Ju
Filing Documents
- erii-20240628.htm (8-K) — 28KB
- ex101-generalrelease.htm (EX-10.1) — 227KB
- erii-20240628_g1.jpg (GRAPHIC) — 40KB
- 0001421517-24-000140.txt ( ) — 506KB
- erii-20240628.xsd (EX-101.SCH) — 2KB
- erii-20240628_lab.xml (EX-101.LAB) — 21KB
- erii-20240628_pre.xml (EX-101.PRE) — 12KB
- erii-20240628_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 General Release, dated as of June 28 , 2024, by and between Energy Recovery, Inc. and Joshua Ballard. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
Signatures
Signatures 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: July 2, 2024 By: /s/ William Yeung William Yeung Chief Legal Officer