Filing Analysis
Energy Recovery, Inc. filed an 8-K to announce its financial results for the second quarter and first six months of fiscal year 2026. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Report date: August 5, 2026
- Reporting period: Second quarter and six months ended June 30, 2026
- The company issued an earnings press release as Exhibit 99.1
- Filed pursuant to Item 2.02 (Results of Operations and Financial Condition)
Energy Recovery, Inc. announced the appointment of Mr. John Mitchell to its Board of Directors on July 9, 2026. This change increases the total number of directors on the Board to six.
📋 Key Facts
- Mr. John Mitchell was appointed to the Board of Directors effective July 9, 2026.
- The Board now consists of a total of six (6) directors.
- Mr. Mitchell will receive compensation and indemnification consistent with other non-employee directors.
- No family relationships or reportable transactions under Item 404(a) were disclosed regarding this appointment.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the third quarter and nine months ended September 30, 2025. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Report date: November 5, 2025
- Reporting period: Third quarter and nine months ended September 30, 2025
- The filing includes an earnings press release as Exhibit 99.1
- Information is furnished under Item 2.02 and not filed for purposes of Section 18 liability
Energy Recovery, Inc. announced a new share repurchase program authorized by its Board of Directors. The company intends to repurchase up to $25 million of common stock over the next nine months using cash on hand.
📋 Key Facts
- Authorization amount: Up to $25.0 million in common stock repurchases.
- Timeline: Program launches in Q3 fiscal year 2025 and will occur over approximately 9 months.
- Funding source: Expected to be funded with cash on hand.
- Methodology: Open market trades, block trades, or privately negotiated transactions.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the second quarter and six months ended June 30, 2025. The filing serves as a formal announcement of earnings via an attached press release.
📋 Key Facts
- Report date: August 6, 2025
- Reporting period: Second quarter and six months ended June 30, 2025
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Financial results are contained in Exhibit 99.1
Energy Recovery, Inc. held its 2025 Annual Meeting of Stockholders on June 5, 2025. The meeting resulted in the election of six directors, approval of executive compensation (Say-on-Pay), and ratification of Deloitte & Touche LLP as the independent auditor.
🚩 Red Flags
- Arve Hanstveit received a relatively high percentage of withheld votes (13.5%) compared to other nominees.
📋 Key Facts
- Annual Meeting held on June 5, 2025.
- Quorum was established by 46,079,523 shares (84.2% of outstanding shares) represented in person or by proxy.
- Six directors were elected to one-year terms: Alexander J. Buehler, Joan K. Chow, Arve Hanstveit, David W. Moon, Colin R. Sabol, and Pamela L. Tondreau.
- Non-binding advisory vote on executive compensation was approved with 86.1% in favor.
- Ratification of Deloitte & Touche LLP as independent auditor for the year ending Dec 31, 2025, was approved with 98.8% in favor.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the first quarter ended March 31, 2025. The filing serves as a formal notification of the earnings press release issued on May 7, 2025.
📋 Key Facts
- Report date: May 7, 2025
- Reporting period: First quarter ended March 31, 2025
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Financial results are contained in Exhibit 99.1
Energy Recovery, Inc. filed an 8-K to announce its financial results for the fourth quarter and full fiscal year ended December 31, 2024.
📋 Key Facts
- Reporting period: Fourth quarter and year ended December 31, 2024.
- Filing date: February 26, 2025.
- The filing includes an earnings press release as Exhibit 99.1.
Energy Recovery, Inc. announced a leadership transition in its technology department, involving the retirement of current CTO Dr. Farshad Ghasripoor and the appointment of Dr. Ram Ramanan as the new CTO effective March 3, 2025.
🚩 Red Flags
- None identified; the departure is characterized as a retirement without disagreement.
📋 Key Facts
- Dr. Farshad Ghasripoor will retire as CTO on March 14, 2025; retirement is not due to any disagreement with management.
- Dr. Ram Ramanan appointed as new CTO effective March 3, 2025.
- Dr. Ramanan's compensation includes a $350,000 annual salary and eligibility for an annual bonus of 0% to 60%.
- New hire receives $400,000 in stock options (4-year vest), $400,000 in RSUs (4-year vest), and $200,000 in performance RSUs vesting Dec 31, 2027.
- Dr. Ramanan previously held leadership roles at Rondo Energy, Bloom Energy, and Applied Materials.
Energy Recovery, Inc. announced a new share repurchase program authorized by its Board of Directors. The company intends to repurchase up to $30 million of common stock over the next 12 months using cash on hand.
📋 Key Facts
- Board authorization for a share repurchase program announced on February 26, 2025.
- Total maximum repurchase amount: $30.0 million.
- Repurchases to occur via open market trades, block trades, or privately negotiated transactions.
- Program duration: Expected to occur over the next 12 months.
- Funding source: Cash on hand.
Energy Recovery, Inc. announced a new share repurchase program authorized by its Board of Directors. The company intends to use cash on hand to buy back up to $50 million of common stock over the next 12 months.
📋 Key Facts
- Authorization for up to $50.0 million in share repurchases.
- Repurchases will occur via open market, block trades, or private transactions.
- Program timeframe is approximately 12 months starting November 2024.
- Funding source: Cash on hand.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the third quarter and nine months ended September 30, 2024. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Report date: October 30, 2024
- Reporting period: Third quarter and nine months ended September 30, 2024
- The filing includes an earnings press release as Exhibit 99.1
- Information is furnished under Item 2.02 and not 'filed' for purposes of Section 18 liability
Energy Recovery, Inc. filed an 8-K to announce its financial results for the second quarter and six months ended June 30, 2024. The filing serves as a formal mechanism to release earnings data via an attached press release.
📋 Key Facts
- Report date: July 31, 2024
- Reporting period: Second quarter and six months ended June 30, 2024
- The filing includes Exhibit 99.1 containing the earnings press release
- Information is furnished under Item 2.02 but not 'filed' for purposes of Section 18 liability
Energy Recovery, Inc. announced the appointment of Michael Mancini as the new Chief Financial Officer, effective August 5, 2024. Mr. Mancini brings extensive experience from the telecommunications and aerospace startup sectors.
📋 Key Facts
- Michael Mancini appointed as CFO, effective August 5, 2024.
- Annual base salary set at $400,000.
- Stock option grant with a fair value of $1,500,000 under the 2020 Incentive Plan.
- Options vest over four years: 25% after one year, then monthly over the remaining 36 months.
- Mancini previously served as CFO at Astranis Space Technologies Corp and Aerion Supersonic.
Energy Recovery, Inc. announced the appointment of Brandon Young as interim Chief Accounting Officer, effective July 10, 2024. Mr. Young is an internal promotion from his current role as VP, Corporate Controller.
🚩 Red Flags
- Appointment of an 'interim' officer can sometimes indicate sudden turnover in the finance department, though this appears to be an internal promotion.
📋 Key Facts
- Brandon Young appointed as interim Chief Accounting Officer on July 10, 2024.
- Mr. Young has been with the company since 2012 and served as VP, Corporate Controller since May 2022.
- The appointment includes a grant of restricted stock units (RSUs) valued at $20,000.
- Mr. Young is a CPA with prior experience at McKesson Corporation and Ernst & Young LLP.
Energy Recovery, Inc. announced the resignation of its Chief Financial Officer, Joshua Ballard, effective June 30, 2024. The departure is characterized as not being related to any disagreements with management regarding operations or policies.
🚩 Red Flags
- Sudden departure of a key C-suite executive (CFO) can create short-term operational or reporting uncertainty.
- The use of a $400,000 lump sum payment and release of claims is standard for separation but often indicates a desire to ensure an amicable exit.
📋 Key Facts
- CFO Joshua Ballard resigned effective June 30, 2024.
- The company entered into a General Release agreement on June 28, 2024.
- The Company will pay Mr. Ballard a lump sum of $400,000.
- Mr. Ballard is granted an extension to exercise vested options through June 30, 2026.
- In exchange for the benefits, Mr. Ballard released all known and unknown claims against the Company.
Energy Recovery, Inc. held its 2024 Annual Meeting of Stockholders on June 6, 2024. The meeting resulted in the election of six directors and the approval of executive compensation and auditor ratification.
📋 Key Facts
- Annual Meeting held on June 6, 2024.
- Quorum was established with 49,669,876 shares (approx. 86.6% of outstanding shares) represented in person or by proxy.
- Six directors were elected: Alexander J. Buehler, Joan K. Chow, Arve Hanstveit, David W. Moon, Colin R. Sabol, and Pamela L. Tondreau.
- Non-binding advisory vote on executive compensation was approved with 89.3% in favor.
- Ratification of Deloitte & Touche LLP as independent registered public accounting firm for the year ending Dec 31, 2024, was approved with 98.7% in favor.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the first quarter ended March 31, 2024. The filing serves as a formal mechanism to release the earnings press release dated May 1, 2024.
📋 Key Facts
- Report date: May 1, 2024
- Reporting period: First quarter ended March 31, 2024
- The filing includes an earnings press release as Exhibit 99.1
- Information is furnished under Item 2.02 and not 'filed' for liability purposes under Section 18 of the Exchange Act
Energy Recovery, Inc. announced the resignation of Board member Robert Yu Lang Mao, effective upon the completion of his term at the 2024 Annual Meeting of Shareholders. The director stated that his decision not to seek re-election is not due to any disagreement with the Company.
📋 Key Facts
- Board member Robert Yu Lang Mao has tendered a resignation.
- The resignation becomes effective upon completion of his term at the 2024 Annual Meeting of Shareholders.
- Mao explicitly stated the decision is not based on any disagreement with the Company.
Energy Recovery, Inc. announced the planned resignation of its Chief Financial Officer, Joshua Ballard, effective June 30, 2024. The company has initiated a search for a successor and noted that the departure is not due to any disagreements with management or the Board.
🚩 Red Flags
- Planned departure of a key C-suite executive (CFO).
📋 Key Facts
- Joshua Ballard will resign as CFO effective June 30, 2024.
- The resignation was announced on February 21, 2024.
- The company has officially commenced a search for a new CFO.
- The departure is not related to any disagreements regarding operations, policies, or practices.
Energy Recovery, Inc. filed an 8-K to announce its financial results for the fourth quarter and full fiscal year ended December 31, 2023. The filing serves as a formal mechanism to release earnings data via an attached press release.
📋 Key Facts
- Report date: February 21, 2024
- Reporting period: Fourth quarter and full year ended December 31, 2023
- The filing is made pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Financial results were released via an earnings press release attached as Exhibit 99.1
Energy Recovery, Inc. filed an amendment to its previous 8-K to disclose the specific compensation details for newly appointed President and CEO David W. Moon.
📋 Key Facts
- Appointment of David W. Moon as President and Chief Executive Officer.
- Annual base salary set at $570,000.
- Annual bonus eligibility ranging from 0% to 150% of base salary.
- Eligibility for equity awards under the Company's Long Term Incentive Plan.
- One-time relocation benefit of $100,000.
Energy Recovery, Inc. announced the permanent appointment of David Moon as President and Chief Executive Officer, effective January 16, 2024. Mr. Moon had previously been serving in an interim capacity since October 23, 2023.
📋 Key Facts
- David Moon appointed as President and CEO effective Jan 16, 2024.
- Mr. Moon has served as interim CEO since Oct 23, 2023.
- Mr. Moon brings extensive leadership experience from Carrier Global Corporation (CARR), Lennox International (LII), and Allied Signal (ALD).
- Compensation terms for the new CEO have not yet been determined and will be disclosed in a future amendment.