Ocean Power Technologies CFO resigns; controller DiPietro named acting CFO

Ocean Power Technologies, Inc.

Matthew Shafer resigned as SVP, CFO, Treasurer effective Sept 23, 2021; employment letter terminated.
Joseph DiPietro, previously Controller, appointed Treasurer, principal accounting officer and acting principal financial officer.
DiPietro holds a BS in Finance, CPA; most recently VP-Finance at Myos Corp; with OPT since Aug 2021.
DiPietro's new annual salary is $190,000 with a target bonus of 25% of salary.

item 1.01 item 5.02 item 1.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Matthew T. Shafer

Senior Vice President, Chief Financial Officer, and Treasurer

OPTT · Ocean Power Technologies, Inc.

Effective: 2021-09-23
Successor: Joseph DiPietro
Filed: September 24, 2021, 7:59 PM ET

On September 21, 2021, but effective September 23, 2021, Matthew T. Shafer, Senior Vice President, Chief Financial Officer, and Treasurer, as well as principal financial officer and principal accounting officer, of the Company, resigned from the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew T. Shafer resigned as Senior Vice President, Chief Financial Officer, and Treasurer at Ocean Power Technologies, Inc..

Action: resigned
Role: Senior Vice President, Chief Financial Officer, and Treasurer

Exact text from the filing

On September 21, 2021, but effective September 23, 2021, Matthew T. Shafer, Senior Vice President, Chief Financial Officer, and Treasurer, as well as principal financial officer and principal accounting officer, of the Company, resigned from the Company.

View on SEC.gov

Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-21-023600

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.