---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-003023"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:00:33.124536+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-003023
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315225003023/0001493152-25-003023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315225003023/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-003023
- JSON: https://secwatch.observer/filing/0001493152-25-003023.json
- Plain text: https://secwatch.observer/filing/0001493152-25-003023.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315225003023/0001493152-25-003023-index.htm

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