secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001493152-25-003023
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225003023/0001493152-25-003023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225003023/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer