Energy Recovery, Inc. — Form 10-Q
Filed August 5, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 72/100
What the filing says
Energy Recovery appointed Aidan Ryan as Interim CFO effective May 4, 2026, at $327,600 base salary plus $12,000/month stipend and $215,000 in RSUs vesting over 10 months. Separately, Alex Buehler was appointed Interim CEO effective May 26, 2026, at $645,000 annualized salary plus $150,000 success bonus contingent on permanent CEO appointment. Both are at-will interim roles pending permanent leadership hires.
Why this rating
Material dual leadership interim appointments signal unexpected executive departures; combined $1.86M annual cost plus equity represents ~0.3% of $595M market cap. Interim status creates governance uncertainty and elevated replacement risk.
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