8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 16, 2021

ENERGY RECOVERY, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-34112	01-0616867
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1717 Doolittle Drive, San Leandro, California 94577

(Address of Principal Executive Offices) (Zip Code)

(510) 483-7370

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value	ERII	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On September 16, 2021, the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Registrant”) appointed Ms. Lisa Anne Pollina as a Class I director. With the appointment of Ms. Pollina, the Registrant’s Board consists of 7 directors. There are no arrangements or understandings between Ms. Pollina and any other persons pursuant to which she was selected as a director. Ms. Pollina will receive the same compensation (pro-rated for her actual service) and indemnification as the Registrant’s other non-employee directors. There are no family relationships between Ms. Pollina and any of the officers or directors of the Registrant. There are no transactions between Ms. Pollina and the Registrant that would be reportable under Item 404(a) of Regulation S-K. A copy of the press release announcing the appointment of Ms. Pollina is furnished as Exhibit 99.1 hereto.

Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits

Exhibit Number	Description
99.1	Press Release, issued by Energy Recovery on September 20, 2021.
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Energy Recovery, Inc.
Date:	September 20, 2021	By:	/s/ William Yeung
			William Yeung
			Chief Legal Officer

EX-99.1

Exhibit 99.1

Lisa Pollina Joins Energy Recovery Board of Directors

SAN LEANDRO, Calif. — September 20, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced the appointment of Lisa Pollina to its Board of Directors.

“Ms. Pollina’s deep expertise in banking and capital markets, and her extensive leadership experience in many other forums, will be a tremendous asset as we pursue our strategy of disciplined and diversified growth. She has served as a trusted advisor to major private financial institutions as well as the U.S. Federal Reserve and served on multiple corporate boards over the years,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “Through both her global business responsibilities and engagement with multiple international organizations such as the Atlantic Council of the United States and various NATO-related groups over many years, Ms. Pollina brings with her a unique international perspective that will help guide our business decisions here and abroad.”

Ms. Pollina currently provides private equity advisory for alternative asset manager Ares Management (NYSE: ARES) on portfolio investments worldwide. Ms. Pollina previously served as the Vice Chairman for RBC Capital Markets, a $5 billion division of the Royal Bank of Canada, where she grew revenues by 27% during her tenure. Named one of the ‘Top 25 Most Powerful Women in Finance’ by American Banker magazine, she has been a seven-year appointee to the Federal Reserve Bank of the United States’ Working Group on Financial Markets, and an attendee at the International Monetary Fund and World Bank meetings alongside those of the World Economic Forum.

“I am honored to be joining Energy Recovery, especially as the company is entering an important new phase of innovation and growth,” said Ms. Pollina. “With the expansion of our technology into new industries such as industrial wastewater treatment and commercial and industrial refrigeration, I look forward to helping guide the company’s upward trajectory.”

Ms. Pollina holds a Bachelor of Science degree from Western Michigan University, an MBA from the Yale School of Management, and has taught strategy at Yale University and corporate finance at the University of Chicago.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

XML

Cover	Sep. 16, 2021
Cover [Abstract]
Document Type	8-K
Document Period End Date	Sep. 16, 2021
Entity Incorporation, State or Country Code	DE
Entity File Number	001-34112
Entity Tax Identification Number	01-0616867
Entity Address, Address Line One	1717 Doolittle Drive
Entity Address, City or Town	San Leandro
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94577
City Area Code	510
Local Phone Number	483-7370
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	ERII
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001421517
Amendment Flag	false
Entity Registrant Name	ENERGY RECOVERY, INC.