---
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"
generated_at: "2026-10-12T16:04:49.557053+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 1.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046028
- JSON: https://secwatch.observer/filing/0001493152-26-046028.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046028.txt

## Key facts
- Executive change
  Robert Powers departed as Chief Financial Officer at Ocean Power Technologies, Inc..
  - Action: departed
  - Role: Chief Financial Officer
  source text: On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.