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): June 9, 2022
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its 2022 Annual Meeting of Stockholders (the “Annual Meeting”) virtually on June 9, 2022, to (i) elect five (5) members of the Board, (ii) approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers, and (iii) ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm.
As of April 11, 2022, the record date for the Annual Meeting, there were 56,668,786 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 44,376,295 shares of common stock, or approximately 78.3% of the shares outstanding as of the record date, were represented in person or by proxy, constituting a quorum.
The final results for the proposals voted on at the Annual Meeting are set forth below:
Proposal 1 – Election of Directors
The stockholders elected two Class I and three Class II Directors of the Board to serve for a one-year term until the 2023 Annual Meeting or a respective successor is elected and qualified or until the director’s earlier death, resignation, or removal. The following table shows the results of the stockholders’ vote:
| Nominee for Director | Votes For (% of Voted) | Votes Withheld (% of Voted) | Broker Non-Votes | |||||||||||||||||
| Class I | ||||||||||||||||||||
| Joan K. Chow | 37,491,189 (98.1%) | 714,572 (1.9%) | 6,170,534 | |||||||||||||||||
| Lisa A. Pollina | 37,743,586 (98.8%) | 462,175 (1.2%) | 6,170,534 | |||||||||||||||||
| Class II | ||||||||||||||||||||
| Sherif Foda | 37,873,049 (99.1%) | 332,712 (0.9%) | 6,170,534 | |||||||||||||||||
| Arve Hanstveit | 34,456,440 (90.2%) | 3,749,321 (9.8%) | 6,170,534 | |||||||||||||||||
| Pamela L. Tondreau | 37,380,242 (97.8%) | 825,519 (2.2%) | 6,170,534 | |||||||||||||||||
Proposal 2 – Non-Binding Advisory Vote on Executive Compensation.
This proposal was approved. The following table shows the results of the stockholders’ vote:
| Votes For (% of Voted) | Votes Withheld (% of Voted) | Abstentions | Broker Non-Votes | |||||||||||||||||
| 31,507,543 (86.4%) | 4,951,554 (13.6%) | 1,746,664 | 6,170,534 | |||||||||||||||||
Proposal 3 – Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022.
This proposal was approved. The following table shows the results of the stockholders’ vote:
| Votes For (% of Voted) | Votes Withheld (% of Voted) | Abstentions | ||||||||||||
| 44,112,691 (100.0%) | 13,095 (0.0%) | 250,509 | ||||||||||||
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: | June 10, 2022 | By: | /s/ William Yeung | |||||||||||
| William Yeung | ||||||||||||||
| Chief Legal Officer | ||||||||||||||