Management ChangeMay 13, 2026, 05:27 PM
OriginClear CEO Riggs Eckelberry Dies; Interim CEO Appointed
AI Summary
OriginClear, Inc. announced the recent death of its Chief Executive Officer and Chairman of the Board, Riggs Eckelberry. Cory Mertes, the company's CFO, has been appointed as interim CEO. In response to this event and the company's current position, the Board of Directors has approved a series of strategic actions, including equity capitalization consolidation, debt and preferred equity conversion, asset liquidation, and positioning the company for investment or acquisition. Additionally, the company plans to transition OriginClear shareholders into a more direct ownership position in its affiliate, Water on Demand, Inc.
Key Highlights
- Riggs Eckelberry, OriginClear's CEO and Chairman, recently passed away.
- Cory Mertes, CFO and Board member, has been appointed Interim Chief Executive Officer.
- Board approved actions include consolidation of the company's equity capitalization.
- Board approved actions include conversion of debt and preferred equity.
- Board approved actions include liquidation of certain assets.
- Company is positioning itself for investment or acquisition as a seasoned public entity.
- Plan to transition OriginClear shareholders into direct ownership of Water on Demand, Inc.