{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-001619","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.686620+00:00","generated_at":"2026-06-20T14:36:22.255191+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Ocean Power Tech shareholders approve 1.25M share increase in 2015 Omnibus Incentive Plan and re-elect directors","bullets":["Amendment to 2015 Plan approved: shares available increased from 3,132,036 to 4,382,036; 12,955,071 for, 4,355,471 against.","All six director nominees re-elected with between 16.0M and 16.7M votes for; broker non-votes 9,765,491 each.","Ratification of EisnerAmper LLP as independent auditor for FY2023 approved: 25,919,610 for, 859,998 against, 1,316,858 abstain.","Advisory vote on executive compensation approved: 12,874,650 for, 3,948,633 against, 1,507,691 abstain.","Advisory vote on frequency of future say-on-pay: one year preferred with 14,833,483 votes, two years 957,477, three years 1,530,386."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-001619","json":"https://secwatch.observer/filing/0001493152-23-001619.json","markdown":"https://secwatch.observer/filing/0001493152-23-001619.md","text":"https://secwatch.observer/filing/0001493152-23-001619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T14:36:22.255191+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":"817c158a2b9722f8459c6e4ef3d771c5d4dd5da1","claim":"Ocean Power Technologies, Inc. shareholders approved Amend 2015 Omnibus Incentive Plan to increase shares from 3,132,036 to 4,382,036 and make other amendments at the 2023-01-13 meeting.","evidence_excerpt":"The result of the vote to approve an amendment to the 2015 Plan to increase the number of shares of the Common Stock available for grant under the 2015 Plan from 3,132,036 to 4,382,036 in order to ensure that adequate shares will be available under the 2015 Plan for future grants and to make certain other amendments to the 2015 Plan regarding award threshold limits was as follows: Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Number of Broker Non-Votes 12,955,071 4,355,471 1,020,433 9,765,491","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-13"}],"fact_type":"shareholder_vote"},{"claim_id":"962aaeddc8f0487f8fd7f5e23d3373c7d1d269d7","claim":"Ocean Power Technologies, Inc. shareholders approved Ratification of EisnerAmper LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-01-13 meeting.","evidence_excerpt":"The result of the vote to ratify the selection of EisnerAmper LLP as the Company’s independent registered public accounting firm for fiscal year 2023 was as follows: Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Number of Broker Non-Votes 25,919,610 859,998 1,316,858 -","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-13"}],"fact_type":"shareholder_vote"},{"claim_id":"c68a980c8fabe5658b5428b9d9812fa58f9b1e39","claim":"Ocean Power Technologies, Inc. shareholders approved Advisory vote on frequency of say-on-pay at the 2023-01-13 meeting.","evidence_excerpt":"The result of the vote on the advisory resolution on the frequency of future advisory votes on our executive compensation was as follows: One year Two years Three years Number of Votes Abstaining Number of Broker Non-Votes 14,833,483 957,477 1,530,386 1,009,628 9,765,491","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-13"}],"fact_type":"shareholder_vote"},{"claim_id":"caf8e28cc3e8ef893e428102431bad304ec24824","claim":"Ocean Power Technologies, Inc. shareholders approved Election of six directors at the 2023-01-13 meeting.","evidence_excerpt":"As to each nominee for director, the results of the voting were as follows: Name of Nominee Number of Votes Voted For Number of Votes Withheld Number of Broker Non-Votes Terence J. Cryan 16,072,359 2,258,616 9,765,491 Philipp Stratmann 16,725,159 1,605,816 9,765,491 Clyde W. Hewlett 16,637,352 1,693,623 9,765,491 Diana G. Purcell 16,403,362 1,927,613 9,765,491 Peter E. Slaiby 16,578,538 1,752,437 9,765,491 Natalie Lorenz-Anderson 16,555,066 1,775,909 9,765,491","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-13"}],"fact_type":"shareholder_vote"},{"claim_id":"d97ff4f52ecd4188ba2507eb23f53c77daed89ec","claim":"Ocean Power Technologies, Inc. shareholders approved Advisory vote to approve executive compensation at the 2023-01-13 meeting.","evidence_excerpt":"The result of the vote on the advisory resolution to approve the Company’s executive officer compensation was as follows: Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Number of Broker Non-Votes 12,874,650 3,948,633 1,507,691 9,765,491","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223001619/0001493152-23-001619-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-13"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}