Ocean Power Technologies CFO Robert Powers departs; Victoria Hay named interim CFO effective September 30, 2026

Ocean Power Technologies, Inc.

Robert Powers departed as CFO effective September 30, 2026, upon mutual agreement with the Board; his December 13, 2021 employment letter was terminated.
Powers will receive six months of base salary, the balance of his agreed fiscal 2026 bonus, and health benefits through October 31, 2026; he remains employed through October 14, 2026.
Victoria Hay, 43, became interim CFO, Principal Financial Officer and Principal Accounting Officer effective September 30, 2026 through Flexible Consulting, LLC.
Flexible Consulting will receive $30,000 per month plus monthly expense reimbursement; the Board is searching for a permanent CFO.
Hay has been co-owner and President of Flexible Consulting since May 2021 and previously spent 2008 to May 2021 at Weatherford International plc.

item 1.01 item 5.02 item 1.02

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Departed

Robert Powers

Chief Financial Officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2026-09-30
Filed: October 6, 2026, 5:59 PM ET

On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Powers departed as Chief Financial Officer at Ocean Power Technologies, Inc..

Action: departed
Role: Chief Financial Officer

Exact text from the filing

On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.

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Source: SEC EDGAR

accession 0001493152-26-046028

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