secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001493152-26-004017
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226004017/0001493152-26-004017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226004017/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-004017

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