{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-041664","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.803754+00:00","generated_at":"2026-06-08T01:01:52.315497+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ocean Power Technologies appoints Matthew Burdyny as CCO with $250K salary and RSU grant","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-041664","json":"https://secwatch.observer/filing/0001493152-23-041664.json","markdown":"https://secwatch.observer/filing/0001493152-23-041664.md","text":"https://secwatch.observer/filing/0001493152-23-041664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223041664/0001493152-23-041664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223041664/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:01:52.315497+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":"7bb2204afe","claim":"Matthew Burdyny was appointed as Chief Commercial Officer at Ocean Power Technologies, Inc..","evidence_excerpt":"Effective November 9, 2023, as noted in Item 1.01 above, Matthew Burdyny was appointed Chief Commercial Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223041664/0001493152-23-041664-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Commercial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}