{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-023600","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2021-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.889960+00:00","generated_at":"2026-06-29T01:29:50.433063+00:00","sec_items":["1.01","5.02","1.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ocean Power Technologies CFO resigns; controller DiPietro named acting CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-023600","json":"https://secwatch.observer/filing/0001493152-21-023600.json","markdown":"https://secwatch.observer/filing/0001493152-21-023600.md","text":"https://secwatch.observer/filing/0001493152-21-023600.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221023600/0001493152-21-023600-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221023600/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T01:29:50.433063+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae6ee92384","claim":"Matthew T. Shafer resigned as Senior Vice President, Chief Financial Officer, and Treasurer at Ocean Power Technologies, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221023600/0001493152-21-023600-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Senior Vice President, Chief Financial Officer, and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}