OPTT shareholders approve authorized share increase to 400M; inducement plan shares doubled

Ocean Power Technologies, Inc.

Charter Amendment approved to increase authorized common stock from 300M to 400M shares.
Plan Amendments approved to increase 2015 Omnibus Incentive Plan shares from 27.28M to 32.28M.
Board doubled inducement plan shares to 1.99M for new-hire equity awards.
All five director nominees elected; auditor Baker Tilly ratified; say-on-pay approved.
Broker non-votes of 54.2M shares on director elections and certain proposals.

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