secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001421517-25-000117
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Recovery authorizes $25M share repurchase; completes $50M prior program
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- Board authorized up to $25M share repurchase over next 12 months starting August 2025.
- Prior $50M program (Nov 2024) completed Q4 2024: repurchased 3.2M shares at avg $15.39.
- $30M program (Feb 2025) nearing completion: repurchased 1.6M shares in H1 2025 at avg $13.87.
- Combined prior programs repurchased 4.8M shares at avg $14.90 per share.
- CEO cites strong cash generation and confidence in growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000117/0001421517-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000117/erii-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000117

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