ENERGY RECOVERY, INC. (NASDAQ:ERII) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01
Changes in Registrant’s Certifying Accountant
On April11, 2018, the Audit Committee of the Board of Directors (the “Audit Committee”) of Energy Recovery, Inc. (the “Company”) approved the appointment of Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018. In addition, on April11, 2018, in connection with its selection of Deloitte, the Audit Committee approved the dismissal of BDO USA, LLP (“BDO”), the Company’s former independent registered public accounting firm.
The reports of BDO on the Company’s financial statements for each of the two fiscal years ended December31, 2016 and 2017 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December31, 2016 and 2017 and the subsequent interim period through April11, 2018, there were no disagreements, within the meaning of Item 304(a)(1)(iv) of Regulation S-K, with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures which, if not resolved to the satisfaction of BDO, would have caused BDO to make reference to the subject matter of the disagreement in its reports.
During the fiscal years ended December31, 2016 and 2017 and the subsequent interim period through April11, 2018, there were no “reportable events,” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Company has provided BDO with a copy of this Current Report on Form 8-K and requested that it provide the Company with a letter addressed to the Securities and Exchange Commission (the “SEC”) indicating whether or not BDO agrees with the disclosures contained herein and, if not, the respects in which it does not agree. A copy of BDO’s letter, dated April12, 2018, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
During the fiscal years ended December31, 2016 and 2017 and the subsequent interim period through April11, 2018, neither the Company nor anyone on its behalf consulted with Deloitte regarding any matter or event that would require disclosure under Item 304(a)(2) of Regulation S-K.
Financial Statements and Exhibits.
Energy Recovery, Inc. ExhibitEX-16.1 2 ex161.htm EX 16.1 – BDO LETTER Exhibit Exhibit 16.1 Tel: 408-278-0220300 Park AvenueFax: 408-278-0230Suite 900www.bdo.comSan Jose,…To view the full exhibit click
About ENERGY RECOVERY, INC. (NASDAQ:ERII)
Energy Recovery, Inc. is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. It operates through two segments: Water, and Oil & Gas. Its Water Segment focuses on products sold for use in reverse osmosis water desalination. Its Oil & Gas Segment consists of products sold for use in gas processing, chemical processing, and hydraulic fracturing. It offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger technology and turbochargers. It offers VorTeq hydraulic fracturing system (VorTeq), IsoBoost, and IsoGen product lines to the oil and gas market. Its solutions are marketed and sold in fluid flow markets, such as water, oil and gas, and chemical processing, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen.