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): May 13, 2015 (May 8, 2015)

 

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 Dr. San Leandro, CA 94577

(Address if 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))

 

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Item 8.01     Other Events

 

On May 8, 2015 Energy Recovery Inc. (the "Company") entered into a post-judgment settlement and mutual general release agreement (the “Agreement”) in the matter entitled “Morgan Technical Ceramics, Inc. v. Energy Recovery, Inc.” in the County of Alameda, State of California. Under the Agreement, the Company in exchange for a general release will pay $1,700,000.00 to plaintiffs. The Company had reserved the full amount of the judgment entered against it in the amount of $1,938,692.05 and consequently will release $238,692.05 from its legal reserve.

 

The information in this report is being furnished pursuant to Item 8.01and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Item 9.01     Financial Statements and Exhibits

 

(d)     Exhibits

 

Exhibit Number	Description
99.1	Settlement and Mutual General Release Agreement

 

 

SIGNATURES

 

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.
			(Registrant)
Date:	May 13, 2015		/s/ Juan Otero
			Juan Otero
			(Corporate Counsel and Secretary)

 

 

INDEX TO EXHBITS

 

 

Exhibit Number	Description
99.1	Settlement and Mutual General Release Agreement