secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2021-09-24T23:59:59+00:00
Accession:  0001493152-21-023600
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Power Technologies CFO resigns; controller DiPietro named acting CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315221023600/0001493152-21-023600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315221023600/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-023600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer