CFO Joshua Ballard to resign effective June 30; receives $400K severance and extended option exercise

Energy Recovery, Inc.

Ballard resigns as CFO effective June 30, 2024; no disagreement with management cited.
Company to pay Ballard $400,000 lump sum severance, subject to tax deductions.
Ballard may exercise vested options through June 30, 2026 (two-year extension).
Severance conditioned on release of claims, return of property, and non-disparagement.
No replacement CFO announced; Ballard agreed to cooperate with transition.

item 5.02 item 9.01

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Departed

Joshua Ballard

Chief Financial Officer

ERII · Energy Recovery, Inc.

Effective: 2024-06-30
Filed: July 2, 2024, 7:59 PM ET

Mr. Joshua Ballard resigned from his position as Energy Recovery, Inc.’s (the “Company”) Chief Financial Officer, effective June 30, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua Ballard resigned as Chief Financial Officer at Energy Recovery, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Mr. Joshua Ballard resigned from his position as Energy Recovery, Inc.’s (the “Company”) Chief Financial Officer, effective June 30, 2024.

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Energy Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0001421517-24-000140

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