secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001421517-23-000162
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery appoints David Moon as interim CEO; Bob Mao steps down
----------------------------------------------------------------------

- David Moon, a current Board member, appointed Interim President and CEO effective October 23, 2023.
- Bob Mao departed as President and CEO but remains on the Board; Pamela Tondreau elected Chairperson.
- Moon will receive $550k base salary plus ~$280k one-time equity award, pro-rated for service duration.
- Moon previously led Carrier Commercial Refrigeration and Heatcraft Worldwide Refrigeration.
- Comprehensive search for permanent CEO underway with executive search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000162/0001421517-23-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151723000162/erii-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001421517-23-000162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer