{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-046028","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2026-10-06T21:59:09+00:00","discovered_at":"2026-10-07T10:05:00.213134+00:00","generated_at":"2026-10-12T16:04:49.557053+00:00","sec_items":["1.01","5.02","1.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ocean Power Technologies CFO Robert Powers departs; Victoria Hay named interim CFO effective September 30, 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-046028","json":"https://secwatch.observer/filing/0001493152-26-046028.json","markdown":"https://secwatch.observer/filing/0001493152-26-046028.md","text":"https://secwatch.observer/filing/0001493152-26-046028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/form8-k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:04:49.557053+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":[{"claim_id":"7c1d92cbc6","claim":"Robert Powers departed as Chief Financial Officer at Ocean Power Technologies, Inc..","evidence_excerpt":"On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}