{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-031190","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2021-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.291916+00:00","generated_at":"2026-06-28T01:37:00.814416+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ocean Power Technologies appoints Robert P. Powers as SVP and CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-031190","json":"https://secwatch.observer/filing/0001493152-21-031190.json","markdown":"https://secwatch.observer/filing/0001493152-21-031190.md","text":"https://secwatch.observer/filing/0001493152-21-031190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221031190/0001493152-21-031190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221031190/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T01:37:00.814416+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":"6b7595a02b","claim":"Joseph DiPietro changed role as acting principal financial officer at Ocean Power Technologies, Inc..","evidence_excerpt":"Joseph DiPietro, the Company’s Controller, Treasurer and principal accounting officer, will no longer serve as acting principal financial officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221031190/0001493152-21-031190-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving as acting principal financial officer"},{"label":"Role","value":"acting principal financial officer"}],"fact_type":"executive_change"},{"claim_id":"8103257731","claim":"Robert P. Powers was appointed as Senior Vice President and Chief Financial Officer at Ocean Power Technologies, Inc..","evidence_excerpt":"Robert P. Powers was appointed Senior Vice President and Chief Financial Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315221031190/0001493152-21-031190-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}