secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K/A
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001421517-24-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery finalizes CEO David Moon's compensation: $570K salary, bonus up to 150%
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- Annual base salary $570,000; eligible for annual bonus 0-150% of salary based on performance goals.
- Eligible for equity awards (options, RSUs, PSUs) under 2016 Incentive Plan, subject to Board/Committee approval.
- Named participant in Company's Change in Control Plan and Severance Plan.
- One-time relocation allowance of $100,000 plus tax gross-up for move from Texas to California.
- Employment effective Jan 16, 2024; remains at-will.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000019/0001421517-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000019/erii-20240116.htm
  HTML page:      https://secwatch.observer/filing/0001421517-24-000019

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