secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001421517-24-000203
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery authorizes $50M share repurchase program over 12 months
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- Board authorized up to $50M of common stock repurchases over the next 12 months starting November 2024.
- Repurchases may be executed via open market, block trades, or privately negotiated transactions.
- Program funded by cash on hand; management discretion on timing and amounts.
- CEO David Moon cites completed strategic plan and ability to return capital while funding growth.
- Program may be expanded, extended, modified, or discontinued at any time without notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000203/0001421517-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151724000203/erii-20241118.htm
  HTML page:      https://secwatch.observer/filing/0001421517-24-000203

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