secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001421517-26-000040
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Energy Recovery reports Q1 2026 results, CEO David Moon to retire, CFO resigns, board authorizes $25M share repurchase
--------------------------------------------------------------------------------

- Revenue increased 20% to $9.7M in Q1 2026 from $8.1M in Q1 2025; net loss was $12.3M.
- CEO David Moon announced intention to retire after successor appointed; search underway.
- CFO Mike Mancini resigned effective May 6, 2026; Aidan Ryan appointed Interim CFO.
- Board authorized new $25M share repurchase program over next 12 months, adding to $130M total announced since Nov 2024.
- Gross margin fell to 27.8% from 55.3% due to restructuring charges and higher costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/erii-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001421517-26-000040

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