Ocean Power Tech shareholders approve 27.28M share increase for incentive plan; new GC, advisory board

Ocean Power Technologies, Inc.

Shareholders approved increasing available shares under 2015 Omnibus Incentive Plan from 7.28M to 27.28M and extending plan by 10 years.
Tracy Pagliara appointed SVP, General Counsel and Secretary with base salary $300k, bonus target 50%, and 75,000 RSU inducement grant.
Advisory board appointed: Natalie Lorenz-Anderson, Rear Admiral Joseph DiGuardo, and Rear Admiral Victorino Mercado; compensated with equity only.
WAM-V autonomous surface vessel demonstrated multi-day remote survey capability in California, hosting seabed survey payload.

item 1.01 item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

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Appointed

Tracy Pagliara

Senior Vice President, General Counsel and Secretary

OPTT · Ocean Power Technologies, Inc.

Effective: 2025-01-16
Filed: January 21, 2025, 6:59 PM ET

Effective January 16, 2025, as noted in Item 1.01 above, Tracy Pagliara was appointed Senior Vice President, General Counsel and Secretary of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tracy Pagliara was appointed as Senior Vice President, General Counsel and Secretary at Ocean Power Technologies, Inc..

Action: appointed
Role: Senior Vice President, General Counsel and Secretary

Exact text from the filing

Effective January 16, 2025, as noted in Item 1.01 above, Tracy Pagliara was appointed Senior Vice President, General Counsel and Secretary of the Company.

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Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-003023

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