Ocean Power Technologies appoints Robert P. Powers as SVP and CFO

Ocean Power Technologies, Inc.

Annual base salary $280,000; bonus target 50% of base; 75,000 RSU grant vesting over two years with TSR conditions.
Severance: 3 months salary if terminated within 12 months (with 6 months worked), else 6 months.
Powers has 25+ years experience; most recently CFO of Constellation Advisors; previously at Sterling Talent Solutions, Plug Power, Wood Group.
Joseph DiPietro (Controller) ceases as acting principal financial officer upon Powers' appointment.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

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

Role change

Joseph DiPietro

acting principal financial officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2021-12-13
Filed: December 13, 2021, 6:59 PM ET

Joseph DiPietro, the Company’s Controller, Treasurer and principal accounting officer, will no longer serve as acting principal financial officer.

Appointed

Robert P. Powers

Senior Vice President and Chief Financial Officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2021-12-13
Filed: December 13, 2021, 6:59 PM ET

Robert P. Powers was appointed Senior Vice President and Chief Financial Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Joseph DiPietro changed role as acting principal financial officer at Ocean Power Technologies, Inc..

Action: ceased serving as acting principal financial officer
Role: acting principal financial officer

Exact text from the filing

Joseph DiPietro, the Company’s Controller, Treasurer and principal accounting officer, will no longer serve as acting principal financial officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert P. Powers was appointed as Senior Vice President and Chief Financial Officer at Ocean Power Technologies, Inc..

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Robert P. Powers was appointed Senior Vice President and Chief Financial Officer of the Company.

View on SEC.gov

Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-21-031190

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