---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-016789"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:21:00.262891+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Ocean Power Technologies principal accounting officer departs; CFO assumes role

## Summary
- Joseph DiPietro, Corporate Controller, Treasurer and principal accounting officer, departed April 26, 2024.
- CFO Robert Powers now also serves as principal accounting officer without changes to his terms.
- Departure not due to any disagreement with the Company or its auditors.
- Employment letter of Mr. DiPietro dated September 23, 2021 was terminated upon his departure.

## SEC filing metadata
- accession: 0001493152-24-016789
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315224016789/0001493152-24-016789-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315224016789/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-016789
- JSON: https://secwatch.observer/filing/0001493152-24-016789.json
- Plain text: https://secwatch.observer/filing/0001493152-24-016789.txt

## Key facts
- Executive change
  Robert Powers changed role as Chief Financial Officer at Ocean Power Technologies, Inc..
  - Action: will now also serve
  - Role: Chief Financial Officer
  source text: Robert Powers, the Company’s Chief Financial Officer, will now also serve as principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315224016789/0001493152-24-016789-index.htm
- Executive change
  Joseph DiPietro departed as Corporate Controller, Treasurer and principal accounting officer at Ocean Power Technologies, Inc..
  - Action: departed
  - Role: Corporate Controller, Treasurer and principal accounting officer
  source text: Effective April 26, 2024, Joseph DiPietro, the Company’s Corporate Controller, Treasurer and principal accounting officer, departed from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315224016789/0001493152-24-016789-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.