{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-043115","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2026-09-17T20:05:29+00:00","discovered_at":"2026-09-17T20:08:06.022466+00:00","generated_at":"2026-09-17T20:08:17.429722+00:00","sec_items":["1.01","5.02","1.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OPT appoints Tracy Pagliara as Acting CEO; Jason Weed as COO; Dr. Stratmann steps down","bullets":["Tracy Pagliara becomes Acting President & CEO and director, effective Sept 14, 2026; salary up to $400k, 75% bonus target, 75k RSUs.","Jason Weed appointed COO; salary up to $400k, 75% bonus target, 50k RSUs; previously SVP Commercial Sales.","Dr. Philipp Stratmann steps down as CEO/President and director by mutual agreement; gets 6 months salary + FY2026 bonus balance + health benefits through Sept 30, 2026.","New employment agreements replace prior letters; Stratmann's June 2021 letter terminated; Pagliara's Jan 2025 letter terminated.","Leadership changes aim to accelerate commercial execution and backlog conversion; company stays focused on maritime autonomy and MDA strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-043115","json":"https://secwatch.observer/filing/0001493152-26-043115.json","markdown":"https://secwatch.observer/filing/0001493152-26-043115.md","text":"https://secwatch.observer/filing/0001493152-26-043115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226043115/0001493152-26-043115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226043115/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-17T20:08:17.429722+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}