Short answer
Energy Recovery, Inc. (ERII) filed an 8-K current report with the SEC on May 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item 8.01 (Other Events). Q1 2026 results for quarter ended March 31, 2026.
Energy Recovery, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026
- Earnings release issued May 6, 2026
- Full financial results contained in Exhibit 99.1
- Investor focus: quarterly performance and outlook details in the attached release
Item 5.02 · Departure/Election of Directors or Officers
- CEO David Moon plans to retire after a successor is appointed, creating leadership-transition uncertainty
- Moon will remain CEO during the search and provide advisory support afterward, reducing near-term execution disruption
- CFO Mike Mancini resigned effective May 6, 2026, with no financial, accounting, operational, or policy disagreement cited
- Aidan Ryan appointed Interim CFO, providing internal continuity after serving as Vice President of Finance since 2024
- Interim CFO compensation includes $327,600 base salary, 0%-35% bonus eligibility, $12,000 monthly stipend, and $215,000 RSU award
Item 8.01 · Other Events
- $25.0 million share repurchase authorization, launching Q2 fiscal 2026
- Purchases planned over 12 months using cash on hand
- Open-market, block, or privately negotiated transactions permitted
- Discretionary program; no obligation to repurchase shares or complete the full authorization
- Reduces cash available for operations, investments, or other capital allocation purposes
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Energy Recovery, Inc. 8-K filings
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