home · filing · 0001493152-23-041664
8-K filed November 16, 2023, 6:59 PM ET
ticker OPTT
CIK 0001378140
leadership
confidence high
sentiment neutral
materiality 0.55
Ocean Power Technologies appoints Matthew Burdyny as CCO with $250K salary and RSU grant
Ocean Power Technologies, Inc.
Matthew Burdyny appointed CCO effective Nov 9, 2023; previously VP Global Sales & Marketing at OPTT since March 2022.
Annual base salary $250,000; eligible for annual bonus targeted at 50% of base (45% for remainder of FY2024).
Received one-time grant of 25,000 RSUs vesting over two years with time and performance-based components.
Severance: 6 months base salary if terminated without cause or for good reason; 3 months after change of control.
Prior experience: 13 years at Teledyne Marine, most recently VP Strategy & Business Development.
Executive movements
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Effective 2023-11-09
Filed November 16, 2023, 6:59 PM ET
Effective November 9, 2023, as noted in Item 1.01 above, Matthew Burdyny was appointed Chief Commercial Officer of the Company.
Key facts
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Burdyny was appointed as Chief Commercial Officer at Ocean Power Technologies, Inc..
Action appointed
Role Chief Commercial Officer
Exact text from the filing
Effective November 9, 2023, as noted in Item 1.01 above, Matthew Burdyny was appointed Chief Commercial Officer of the Company.
View on SEC.gov
Source: SEC EDGAR
accession 0001493152-23-041664
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