secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001421517-24-000140
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000140/0001421517-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000140/erii-20240628.htm
  HTML page:      https://secwatch.observer/filing/0001421517-24-000140

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